Head Family Foundation
- Assets
- $306.6k
- Revenue
- $53.6k
- Investments
- $274.2k
- Employees
- 0
- Location
- Austin, TX
- Founding
- Data as of
- 12/2022
- EIN
- 84-3860782
Organization Overview
Head Family Foundation is located in Austin, TX. 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. Head 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 12/2022, Head Family Foundation generated $53.6k 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 (14.4%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Head President | 2 | $0 | |
Becky Shea Head Secretary/treasurer | 2 | $0 | |
Madison Shea James Director | 0 | $0 | |
Mackenna Head Wehmeyer Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,489 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$907 |
| Capital Gain Net Income | $66 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,582 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,658 |
| Total operating and administrative expenses | $4,250 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $24,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,401 |
| Savings and temporary cash investments | $0 |
| 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 | $274,159 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $306,560 |
| 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, Head Family Foundation has awarded $20,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DELL CHILDREN'S MEDICAL CENTER OF CENTRAL TEXAS PURPOSE: FUND ACTIVITIES | $10,000 |
SAFE ALLIANCE PURPOSE: FUND ACTIVITIES | $5,000 |
CENTRAL TEXAS FOOD BANK PURPOSE: FUND ACTIVITIES | $2,500 |
SPECIAL OLYMPICS PURPOSE: FUND ACTIVITIES | $2,500 |