Helis Foundation
- Assets
- $76.1m
- Revenue
- $2.1m
- Investments
- $73.0m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 05/1955
- Data as of
- 12/2020
- 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 12/2020, Helis Foundation generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Helis Foundation has awarded 103 individual grants totaling $5,471,384. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane C Fiegler Treasurer | 1 | $0 | |
David A Kerstein President | 1 | $0 | |
Linda A Reeg Secretary | 1 | $0 | |
Michael F Schott Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $129 |
| Dividends & Interest | $1,262,593 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $143,868 |
| Capital Gain Net Income | $143,868 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $692,717 |
| Total Revenue | $2,099,307 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $49,616 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $13,741 |
| Printing and publications | $0 |
| Other expenses | $232,521 |
| Total operating and administrative expenses | $1,078,129 |
| Contributions, gifts, grants paid | $2,650,842 |
| Total expenses and disbursements | $3,728,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $730,429 |
| Net Accounts receivable | $45,540 |
| 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 | $38,936 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $72,493,371 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,317,478 |
| Total assets | $76,118,135 |
| 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 | $525,000 |
| Total liabilities | $525,000 |
Grants Awarded
Over the last fiscal year, Helis Foundation has awarded $2,820,542 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: SUPPORT OF GENERAL OPERATING EXPENSES, SUPPORT OF THE POYDRAS CORRIDOR SCULPTURE EXHIBITIONS AND OTHER EXHIBITIONS, AND LA RESIDENTS FREE ADMISSION DAYS | $806,815 |
New Orleans, LA PURPOSE: GENERAL, OPERATING EXPENSES, FREE ADMISSION FOR ART & A/C, FREE ADMISSION FOR LA RESIDENTS | $262,988 |
ARTS COUNCIL OF NEW ORLEANS PURPOSE: SUPPORT FOR UNFRAMED MURALS PHASE II | $160,000 |
New Orleans, LA PURPOSE: CONSTRUCTION & RENOVATION JOHN SCOTT CENTER AT TURNERS HALL | $160,000 |
US BIENNIAL INC PURPOSE: SUPPORT OF GENERAL OPERATIONS | $152,500 |
SECOND HARVESTER OF GREATER NO & ACADIANA PURPOSE: GENERAL SUPPORT | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |
Mays Family Foundation San Antonio, TX | $0 | $19,028,281 |
Robert J Kleberg Jr And Helen C Kleberg Foundation San Antonio, TX | $227,820,176 | $32,756,087 |