Hess Family Foundation
- Assets
- $4.2m
- Revenue
- $314.8k
- Investments
- $3.9m
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 55-0751425
Organization Overview
Hess Family Foundation is located in Wheeling, WV. The organization was established in 1996. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Hess 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, Hess Family Foundation generated $314.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $405.1k during the year ending 12/2021. While expenses have increased by 3.8% 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.
Since 2015, Hess Family Foundation has awarded 148 individual grants totaling $2,250,874. 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 |
|---|---|---|---|
Name Not Listed Trustee | 1 | $17,683 | |
William N Hogan Trustee | 1 | $2,000 | |
Jessica B Hogan Trustee | 1 | $2,000 | |
Andrew P Hogan Trustee | 1 | $2,000 | |
Christina H Hess Trustee | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $122,410 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $192,343 |
| Capital Gain Net Income | $192,343 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $314,753 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,683 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,602 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $30,960 |
| Contributions, gifts, grants paid | $374,124 |
| Total expenses and disbursements | $405,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $330,373 |
| Net Accounts receivable | $10,397 |
| 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 | $2,213,766 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,240,490 |
| 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, Hess Family Foundation has awarded $374,124 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
GROW OHIO VALLEY PURPOSE: GENERAL SUPPORT | $75,000 |
Wheeling, WV PURPOSE: TENNIS COMPLEX | $48,000 |
Wheeling, WV PURPOSE: ELM GROVE HIST DIST/WEELUNK | $45,000 |
HOUSE OF HAGAR - SHARE INC PURPOSE: HOUSE OF HAGAR | $38,000 |
Wheeling, WV PURPOSE: ANNUAL FUND | $30,000 |
Wheeling, WV PURPOSE: REVOLVING LOAN PROGRAM | $23,124 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Shared Information Services Inc Cincinnati, OH | $9,673,672 | $26,206,516 |
Npt Charitable Asset Tr Jenkintown, PA | $16,456,984 | $30,273,580 |
Players Philanthropy Fund Towson, MD | $12,344,741 | $23,235,628 |
Joseph & Florence Mandel Family Foundation - Weinberg Family Fund Cleveland, OH | $181,897,996 | $22,134,878 |
The@joseph And Florence Mandel Family Foundation-Michele M And Cleveland, OH | $143,259,703 | $19,572,691 |
Rethink Charity Mineral, VA | $1,112,987 | $5,137,197 |
Psalms Foundation Cincinnati, OH | $2,676,117 | $10,777,846 |
Phi Delta Kappa International Inc Arlington, VA | $1,144,067 | $2,025,770 |
Hands In Service Incorporated Sellersville, PA | $413,502 | $4,515,148 |
Philanthropy Network Greater Philadelphia Philadelphia, PA | $1,306,274 | $3,056,265 |
The Grantmakers Of Western Pennsyl Vania Pittsburgh, PA | $3,601,911 | $2,093,159 |
Moments Of Hope Outreach Studley, VA | $714,742 | $2,126,416 |