Hegman Family Foundation
- Assets
- $14.3m
- Revenue
- $13.8m
- Investments
- $13.4m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 12/1995
- Data as of
- 12/2022
- EIN
- 41-1751492
Organization Overview
Hegman Family Foundation is located in Wayzata, MN. The organization was established in 1995. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Hegman 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 12/2022, Hegman Family Foundation generated $13.8m in total revenue. All expenses for the organization totaled $79.9k during the year ending 12/2022.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer E Higgins President | 1 | $0 | |
Forrest M Higgins Officer | 1 | $0 | |
Gregory D Koschinska Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,270,911 |
| Interest on Savings | $30,992 |
| Dividends & Interest | $148,919 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $354,600 |
| Capital Gain Net Income | $966,818 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $544 |
| Total Revenue | $13,805,966 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $363 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $62,938 |
| Total operating and administrative expenses | $67,438 |
| Contributions, gifts, grants paid | $12,500 |
| Total expenses and disbursements | $79,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $896,859 |
| 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 | $14,306,002 |
| 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, Hegman Family Foundation has awarded $94,750 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CROHN'S & COLITIS FOUNDATION OF AMERICA PURPOSE: GENERAL | $6,000 |
EDINA ROTARY FOUNDATION PURPOSE: GENERAL | $3,100 |
NC LITTLE MEMORIAL HOSPICE PURPOSE: MEDICAL | $5,000 |
OUTING MN VOLUNTEER LIBRARY PURPOSE: GENERAL | $750 |
MINNESOTA LANDSCAPE ARBORETUM PURPOSE: GENERAL | $12,500 |
PLYMOUTH CHRISTIAN YOUTH CENTER PURPOSE: GENERAL | $26,000 |