Jeff & Kellie Hepper Family Foundation
- Assets
- $4.1m
- Revenue
- $652.1k
- Investments
- $3.8m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 46-1463283
Organization Overview
Jeff & Kellie Hepper Family Foundation is located in Houston, TX. The organization was established in 2015. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jeff & Kellie Hepper 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 12/2021, Jeff & Kellie Hepper Family Foundation generated $652.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $255.6k during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey K Hepper Pres, Director | 1 | $0 | |
Kellie A Hepper Vp/secr/treas, Director | 1 | $0 | |
Holly J Hepper Director | 0.25 | $0 | |
Cole E Hepper Director | 0.25 | $0 | |
Troy K Hepper Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $64,299 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $587,771 |
| Capital Gain Net Income | $587,771 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $652,070 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,765 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,640 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $255,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,648 |
| 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 | $3,845,600 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,071,248 |
| 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, Jeff & Kellie Hepper Family Foundation has awarded $190,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YES PREP PUBLIC SCHOOL PURPOSE: GENERAL OPERATIONS | $160,000 |
PROJECT CURE PURPOSE: GENERAL OPERATIONS | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Invitational Smoke Houston, TX | $5,761,542 | $2,810,220 |
Allied Arts Of Oklahoma Inc Oklahoma City, OK | $9,236,321 | $5,698,295 |
Cullen Trust For The Performing Arts Houston, TX | $84,734,407 | $8,559,059 |
Civic Center Foundation Oklahoma City, OK | $10,342,313 | $5,787,753 |
Tobin Endowment Tr San Antonio, TX | $66,872,342 | $3,974,678 |
Freedom Shield Foundation Lewisville, TX | $366,050 | $2,668,324 |
R W Norton Art Foundation Shreveport, LA | $90,584,723 | $3,020,184 |
Knowledge Arts Foundation Houston, TX | $5,977,787 | $3,546,412 |
J M Parker Foundation Abilene, TX | $41,978,298 | $664,865 |
Russell H Rogers Fund For The Arts Bank Of America N A 05-500-3132032 San Antonio, TX | $24,621,680 | $3,797,950 |
Inprint Inc Houston, TX | $7,553,324 | $1,398,082 |
Art And Eva Camunez Tucker Foundation San Angelo, TX | $10,543,164 | $1,213,438 |