Richard C Von Hess Foundation
- Assets
- $22.2m
- Revenue
- $2.1m
- Investments
- $19.6m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 12/1991
- Data as of
- 12/2022
- EIN
- 23-6962077
Organization Overview
Richard C Von Hess Foundation is located in Philadelphia, PA. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richard C Von Hess Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Richard C Von Hess Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Richard C Von Hess Foundation has awarded 29 individual grants totaling $2,056,313. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Hills Cook Managing Trustee | 40 | $96,000 | |
Anne Genter Trustee | 14 | $0 | |
Warren A Reintzel Esquire Trustee | 14 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $497,647 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,194,937 |
| Capital Gain Net Income | $1,194,937 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $374,345 |
| Total Revenue | $2,066,929 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $104,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,344 |
| Interest | $0 |
| Taxes | $6,950 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,777 |
| Printing and publications | $0 |
| Other expenses | $62,631 |
| Total operating and administrative expenses | $306,237 |
| Contributions, gifts, grants paid | $890,325 |
| Total expenses and disbursements | $1,196,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,316 |
| Savings and temporary cash investments | $2,041,606 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $19,642,732 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $461,971 |
| Total assets | $22,247,625 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Richard C Von Hess Foundation has awarded $890,325 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
HISTORICAL SOCIETY OF PENNSYLVANIA PURPOSE: SUPPORT INTERIOR RENOVATION | $100,000 |
PENNSYLVANIA ACADEMY OF THE FINE ARTS PURPOSE: MEMORIAL SCHOLARSHIP & | $47,100 |
THE UNIVERSITY OF THE ARTS PURPOSE: SCHOLARSHIP, INTERNSHIPS, | $97,950 |
CARPENTERS COMPANY OF THE CITY AND PURPOSE: 300TH ANNIVERSARY | $45,000 |
HUDSON OPERA HOUSE INC PURPOSE: INTERIOR RESTORATION OF | $25,000 |
INDEPENDENCE SEAPORT MUSEUM PURPOSE: SHOWCASE THE MUSEUM'S | $55,275 |