Hedco Foundation
- Assets
- $13.1m
- Revenue
- $1.2m
- Investments
- $11.8m
- Employees
- 0
- Location
- Danville, CA
- Founding
- 03/1973
- Data as of
- 12/2021
- EIN
- 23-7259742
Organization Overview
Hedco Foundation is located in Danville, CA. The organization was established in 1973. 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. Hedco 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 12/2021, Hedco Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hedco Foundation has awarded 379 individual grants totaling $20,264,626. 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 |
|---|---|---|---|
Derek Jernstedt Executive Director & Director | 8 | $60,523 | |
Myla Lara Foundation Manager | 5 | $15,174 | |
Jaci Jernstedt Assistant Foundation Manager | 5 | $12,551 | |
David Dornsife Chief Financial Officer & Director | 1 | $0 | |
Robert Lowitz MD Director | 1 | $0 | |
Dorothy Jernstedt President & Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $303,607 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $944,779 |
| Capital Gain Net Income | $945,729 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,248,386 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,523 |
| Other employee salaries and wages | $27,724 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,950 |
| Depreciation | $0 |
| Occupancy | $11,031 |
| Travel, conferences, and meetings | $252 |
| Printing and publications | $0 |
| Other expenses | $5,384 |
| Total operating and administrative expenses | $197,742 |
| Contributions, gifts, grants paid | $1,424,891 |
| Total expenses and disbursements | $1,622,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $507,942 |
| Savings and temporary cash investments | $771,418 |
| 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 | $15,271 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $42,146 |
| Total assets | $13,102,072 |
| Accounts payable and accrued expenses | $8,151 |
| Grants payable | $2,038,330 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $86,937 |
| Total liabilities | $2,133,418 |
Grants Awarded
Over the last fiscal year, Hedco Foundation has awarded $2,860,003 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
Oakland, CA PURPOSE: TO SERVE AND ADVOCATE FOR THE MEDICALLY UNDERSERVED | $100,000 |
WHEELCHAIR FOUNDATION PURPOSE: TO PROVIDE A FREE WHEELCHAIR TO EVERY CHILD, TEEN AND ADULT WORLDWIDE WHO NEEDS ONE BUT HAS NO MEANS TO ACQUIRE ONE | $100,000 |
FRIENDS OF FORMAN CHRISTIAN COLLEGE INC PURPOSE: TO SUPPORT HIGH-QUALITY EDUCATION | $100,000 |
OPTIONS RECOVERY SERVICES PURPOSE: TO BREAK THE CYCLE OF ADDICTION THAT CAUSES HOMELESS NESS, VIOLENCE AND BROKEN FAMILIES AND REDUCE SOCIETAL COST | $100,000 |
Portland, OR PURPOSE: TO ELIMINATE HUNGER AND ITS ROOT CAUSES | $100,000 |
Oakland, CA PURPOSE: TO PROVIDE HIGH-QUALITY AND ACCESSIBLE HEALTHCARE FOR ALL | $99,567 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |