Hedco Foundation
- Assets
- $9.9m
- Revenue
- $790.9k
- Investments
- $8.8m
- Employees
- 0
- Location
- Danville, CA
- Founding
- 03/1973
- Data as of
- 12/2022
- 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 12/2022, Hedco Foundation generated $790.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hedco Foundation has awarded 513 individual grants totaling $27,910,337. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Jernstedt Executive Director & Director | 8 | $60,549 | |
Myla Lara Foundation Manager | 5 | $14,963 | |
Jaci Jernstedt Assistant Foundation Manager | 5 | $12,866 | |
Dorothy Jernstedt President & Director | 1 | $0 | |
David Dornsife Chief Financial Officer & Director | 1 | $0 | |
Rena Brantley Secretary & Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $264,308 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $526,574 |
| Capital Gain Net Income | $526,395 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23 |
| Total Revenue | $790,905 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,549 |
| Other employee salaries and wages | $27,829 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,200 |
| Depreciation | $0 |
| Occupancy | $7,029 |
| Travel, conferences, and meetings | $2,581 |
| Printing and publications | $0 |
| Other expenses | $4,719 |
| Total operating and administrative expenses | $158,673 |
| Contributions, gifts, grants paid | $1,655,332 |
| Total expenses and disbursements | $1,814,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,538 |
| Savings and temporary cash investments | $656,679 |
| 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 | $0 |
| Total assets | $9,873,544 |
| Accounts payable and accrued expenses | $7,719 |
| Grants payable | $1,574,294 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $157,997 |
| Total liabilities | $1,740,010 |
Grants Awarded
Over the last fiscal year, Hedco Foundation has awarded $3,272,584 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
LIGHTHOUSE MINISTRIES PURPOSE: TO SUPPORT WORSHIP SERVICES, BIBLE STUDIES, AND YOUTH PROGRAMS | $9,688 |
CENTRAL CITY CONCERN PURPOSE: TO END HOMLESSNESS | $59,250 |
THE SALVATION ARMY PURPOSE: TO MEET HUMAN NEEDS WITHOUT DISCRIMINATION | $20,884 |
CITY OF HOPE PURPOSE: TO TRANSFORM THE FUTURE OF HEALTH | $80,593 |
FOOD FOR LANE COUNTY PURPOSE: TO PROVIDE ON-SITE GARDENING OPPORTUNITIES AND WORKSHOPS | $100,000 |
LAZAREX CANCER FOUNDATION PURPOSE: TO IMPROVE CANCER HEALTH OUTCOMES | $25,809 |