Hugh M Hefner Foundation
- Assets
- $506.1k
- Revenue
- $27.8k
- Investments
- $405.1k
- Employees
- 0
- Location
- West Hollywood, CA
- Founding
- 07/1964
- Data as of
- 12/2023
- EIN
- 36-6108843
Organization Overview
Hugh M Hefner Foundation is located in West Hollywood, CA. The organization was established in 1964. 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. Hugh M Hefner 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, Hugh M Hefner Foundation generated $27.8k 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 (24.5%) each year. All expenses for the organization totaled $415.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hugh M Hefner Foundation has awarded 11 individual grants totaling $258,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUGH M. HEFNER FIRST AMENDMENT AWARDS. TO HONOR INDIVIDUALS WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS IN THE VITAL EFFORT TO PROTECT AND ENHANCE THE FIRST AMENDMENT RIGHTS FOR AMERICANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Whalen Vice President | 2 | $0 | |
Amanda Warren Secretary | 40 | $96,000 | |
Amanda Warren Treasurer | 40 | $0 | |
Crystal Hefner President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,996 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,846 |
| Capital Gain Net Income | $9,846 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,842 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $96,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,419 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,567 |
| Printing and publications | $0 |
| Other expenses | $216,326 |
| Total operating and administrative expenses | $415,039 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $415,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,435 |
| Savings and temporary cash investments | $0 |
| 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 | $405,102 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $44,558 |
| Total assets | $506,095 |
| 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 | $8,369 |
| Total liabilities | $8,369 |
Grants Awarded
Over the last fiscal year, Hugh M Hefner Foundation has awarded $6,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
REPORTERS COMM FOR FDM OF THE PRESS PURPOSE: OPERATING GRANT | $1,500 |
AMERICAN WRITERS MUSEUM PURPOSE: OPERATING GRANT | $5,000 |