Hein Legacy Foundation
- Assets
- $2.7m
- Revenue
- $88.8k
- Investments
- $2.5m
- Employees
- 0
- Location
- Cle Elum, WA
- Founding
- 01/2017
- Data as of
- 12/2022
- EIN
- 81-4655987
Organization Overview
Hein Legacy Foundation is located in Cle Elum, WA. The organization was established in 2017. 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. Hein Legacy 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, Hein Legacy Foundation generated $88.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.9%) each year. All expenses for the organization totaled $182.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Hein Legacy Foundation has awarded 301 individual grants totaling $1,050,796. 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 |
|---|---|---|---|
Jerry Hein President | 2 | $0 | |
Patricia Hein Secretary | 2 | $0 | |
Claire Nicholls Treasurer | 1 | $0 | |
John Hein Director | 1 | $0 | |
Annemarie Hill Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $78,521 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,211 |
| Capital Gain Net Income | $9,211 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,056 |
| Total Revenue | $88,788 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $43,560 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,013 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $918 |
| Printing and publications | $0 |
| Other expenses | $413 |
| Total operating and administrative expenses | $86,920 |
| Contributions, gifts, grants paid | $95,492 |
| Total expenses and disbursements | $182,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,616 |
| Savings and temporary cash investments | $138,377 |
| 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 | $2,677,112 |
| Accounts payable and accrued expenses | $1,311 |
| 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 | $1,311 |
Grants Awarded
Over the last fiscal year, Hein Legacy Foundation has awarded $172,158 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
ANNA HARPER PURPOSE: EDUCATIONAL SCHOLARSHIP | $1,000 |
CLE ELUM-ROSYLN HIGH SCHOOL BAND BOOSTERS PURPOSE: TO PROVIDE GENERAL SUPPORT | $500 |
CLE ELUM EAGLES PURPOSE: TO PROVIDE GENERAL SUPPORT | $2,020 |
CLE ELUM KIWANIS CLUB PURPOSE: TO PROVIDE GENERAL SUPPORT | $1,500 |
CLE ELUM ROUNDUP ASSOCIATION PURPOSE: TO PROVIDE GENERAL SUPPORT | $1,000 |
COMMUNITY BUILDERS PURPOSE: TO PROVIDE GENERAL SUPPORT | $46,600 |