Helis Foundation
- Assets
- $84.7m
- Revenue
- $5.1m
- Investments
- $79.2m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 05/1955
- Data as of
- 12/2022
- EIN
- 72-6020536
Organization Overview
Helis Foundation is located in New Orleans, LA. The organization was established in 1955. 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. Helis 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, Helis Foundation generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Helis Foundation has awarded 170 individual grants totaling $7,951,220. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Kerstein President | 1 | $0 | |
Michael F Schott Vice President | 1 | $0 | |
Linda A Reeg Secretary | 1 | $0 | |
Jane C Fiegler Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,674 |
| Dividends & Interest | $1,315,262 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,094,674 |
| Capital Gain Net Income | $3,094,674 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $702,740 |
| Total Revenue | $5,122,350 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $397 |
| Taxes | $77,873 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $54,065 |
| Printing and publications | $0 |
| Other expenses | $83,976 |
| Total operating and administrative expenses | $1,005,005 |
| Contributions, gifts, grants paid | $2,479,836 |
| Total expenses and disbursements | $3,484,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $675,665 |
| 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 | $42,137 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $78,668,215 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,820,455 |
| Total assets | $84,698,853 |
| Accounts payable and accrued expenses | $35,000 |
| 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 | $1,785,000 |
| Total liabilities | $1,820,000 |
Grants Awarded
Over the last fiscal year, Helis Foundation has awarded $2,479,836 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGE HOUSE CORPORATION PURPOSE: SCHOLARSHIP FUND | $25,000 |
AMERICAN HEART ASSOCIATION PURPOSE: NEW ORLEANS HEART BALL | $2,500 |
BUREAU OF GOVERNMENTAL RESEARCH PURPOSE: SUPPORT FOR DRAINAGE AND STREET INFRASTRUCTURE | $50,000 |
BOY SCOUTS OF AMERICA PURPOSE: IN MEMORY DONATION, SUPPORT PILLARS OF SCOUTING | $5,000 |
CRIMESTOPPERS INC PURPOSE: ANNUAL AWARDS | $10,000 |
COURT WATCH NOLA PURPOSE: SPONSORSHIP DONATION | $3,000 |