Heaster Family Foundation Inc
- Assets
- $387.0k
- Revenue
- $9.1k
- Investments
- $306.6k
- Employees
- 0
- Location
- Ormond Beach, FL
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 59-3649220
Organization Overview
Heaster Family Foundation Inc is located in Ormond Beach, FL. The organization was established in 2004. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Heaster Family Foundation Inc 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, Heaster Family Foundation Inc generated $9.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $47.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Heaster Family Foundation Inc has awarded 93 individual grants totaling $157,630. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION CONTRIBUTES TO LOCAL RELIGIOUS AND EDUCATIONAL ACTVITIES.
EMERGENCY FINANCIAL ASSITANCE TO FAMILIES OF LOW-INCOME CANCER PATIENTS SUFFERING A LIFE-THREATENING ILLNESS.
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lewis M Heaster Chairman | 0 | $12,000 | |
Angela Heaster Director | 0 | $100 | |
Simon Heaster Director | 0 | $100 | |
Steve Allender Director | 0 | $100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $8,499 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $630 |
| Capital Gain Net Income | $630 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,132 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,300 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,063 |
| Contributions, gifts, grants paid | $31,559 |
| Total expenses and disbursements | $47,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,835 |
| Savings and temporary cash investments | $41,518 |
| 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 | $386,961 |
| 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, Heaster Family Foundation Inc has awarded $31,559 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FEDERATION OF VOLUSIA COUNTY PURPOSE: SUPPORT THE MISSION OF JFOVC | $10,000 |
BOYS AND GIRLS CLUB OF BREVARD PURPOSE: SUPPORT THE MISSION OF B&GCOCF | $1,000 |
YMCA OF ORMOND BEACH PURPOSE: SUPPORT THE MISSION OF THE YMCA | $1,000 |
PROVISION PACKS PANTRY PURPOSE: SUPP THE MISSION OF PROVISION PACKS | $1,000 |
TEMPLE BETH-EL PURPOSE: CULTIVATE LOVE OF JEWISH CULTURE | $10,000 |
ST BARNABAS EPISCOPAL SCHOOL PURPOSE: ACADEMIC/MORAL EXCELLENCE THRU FAITH | $2,500 |