Headstrong Foundation
- Assets
- $5.6m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 22
- Location
- Woodlyn, PA
- Founding
- 09/2007
- Data as of
- 12/2022
- EIN
- 26-0283021
Organization Overview
Headstrong Foundation is located in Woodlyn, PA. The organization was established in 2007. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2022, Headstrong Foundation employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Headstrong 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, Headstrong Foundation generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $3.0m during the year ending 12/2022. While expenses have increased by 12.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HEADSTRONG FOUNDATION'S MISSION IS TO PROMOTE AWARENESS AND EDUCATION THAT SUPPORTS QUALITY OF LIFE PROGRAMS TO PATIENTS AND FAMILIES AFFECTED BY CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEADSTRONG FOUNDATION, THROUGH FUNDRAISING ACTIVITES AND AWARENESS EVENTS, PROVIDES DIRECT SERVICE TO PATIENTS AND FAMILIES AFFECTED BY CANCER; IMPROVING THEIR QUALITY OF LIFE OFFERING EMOTIONAL, PHYSICAL AND FINANCIAL SUPPORT INCLUDING COMPLIMENTARY LONG-TERM HOUSING ACCOMODATIONS THROUGH NICKS'S HOUSE.
HEADSTRONG LACROSSE DEVELOPS THE COMPLETE STUDENT-ATHLETE WHILE SUPPORTING THE HEADSTONG FOUNDATION'S MISSION OF IMPROVING LIVES AFFECTED BY CANCER.
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 |
|---|---|---|---|
Cheryl A Colleluori President | OfficerTrustee | 80 | $129,667 |
Pasquale A Colleluori Cmo | OfficerTrustee | 60 | $122,380 |
Michael A Colleluori Vp, COO | OfficerTrustee | 60 | $118,177 |
Sam Adolph Member | Trustee | 10 | $0 |
David Buckman Legal Counse | Trustee | 10 | $0 |
David Calvaresi Chairperson | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,098,198 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,098,198 |
| Total Program Service Revenue | $910,425 |
| Investment income | $27,805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $139,130 |
| Net Income from Fundraising Events | $553,025 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$7,251 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,799,277 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $277,677 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $370,225 |
| Compensation of current officers, directors, key employees. | $93,607 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $606,169 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $80,664 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,457 |
| Fees for services: Accounting | $20,286 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $29,884 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $64,320 |
| Office expenses | $32,269 |
| Information technology | $12,658 |
| Royalties | $0 |
| Occupancy | $87,514 |
| Travel | $20,279 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,197 |
| Interest | $7,720 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,788 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,997,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,132,605 |
| Savings and temporary cash investments | $2,265,769 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,700 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,945 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $916,689 |
| Investments—publicly traded securities | $1,000,045 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $257,785 |
| Total assets | $5,601,538 |
| Accounts payable and accrued expenses | $33,755 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $256,849 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $244,735 |
| Total liabilities | $535,339 |
| Net assets without donor restrictions | $4,566,199 |
| Net assets with donor restrictions | $500,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,601,538 |
Grants Awarded
Over the last fiscal year, Headstrong Foundation has awarded $36,025 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TRUSTEES OF THE UNIV OF PENN PURPOSE: Research | $20,000 |
LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: Research | $6,025 |
CITY OF HOPE PURPOSE: Research | $5,000 |
JOHNS HOPKINS KIMMEL CANCER CENTER PURPOSE: Patient Services | $5,000 |