Bernice Heffernan Family Foundation
- Assets
- $246.2k
- Revenue
- $35.5k
- Investments
- $218.5k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2001
- Data as of
- 12/2023
- EIN
- 33-0954861
Organization Overview
Bernice Heffernan Family Foundation is located in Wilmington, DE. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Bernice Heffernan Family 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 12/2023, Bernice Heffernan Family Foundation generated $35.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $172.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bernice Heffernan Family Foundation has awarded 247 individual grants totaling $1,235,255. 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 |
|---|---|---|---|
John B Heffernan Sec, Dir | 1 | $0 | |
Patrick J Heffernan Treas, Dir | 1 | $0 | |
Robert E Heffernan Vp, Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $950 |
| Dividends & Interest | $10,103 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,401 |
| Capital Gain Net Income | $24,401 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25 |
| Total Revenue | $35,479 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,143 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,300 |
| Total operating and administrative expenses | $12,094 |
| Contributions, gifts, grants paid | $160,000 |
| Total expenses and disbursements | $172,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,648 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $246,166 |
| 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, Bernice Heffernan Family Foundation has awarded $160,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CATHEDRAL HIGH SCHOOL PURPOSE: THOMAS JACKSON MEMORIAL SCHOLARSHIP FUND | $5,000 |
ABBEY OF NEW CLAIRVAUX PURPOSE: LONG TERM CARE FUND | $5,000 |
CATHOLIC CHARITIES OF ORANGE COUNTY PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
CRANE ELEMENTARY SCHOOL PURPOSE: PTO | $5,000 |
DE LA SALLE NORTH CATHOLIC HIGH SCHOOL PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
HOMES FOR OUR TROOPS INC PURPOSE: GENERAL & UNRESTRICTED | $2,500 |