Hecktman Family Foundation
- Assets
- $2.7m
- Revenue
- $1.1m
- Investments
- $2.7m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/2004
- Data as of
- 12/2022
- EIN
- 87-0715390
Organization Overview
Hecktman Family Foundation is located in Chicago, IL. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Hecktman 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, Hecktman Family Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hecktman Family Foundation has awarded 235 individual grants totaling $8,823,733. 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
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Hecktman Executive Board Chairman& Director | 2 | $0 | |
Penny Hecktman President & Director | 1 | $0 | |
Hillary Behar Vice President, Secretary & Director | 5 | $0 | |
Alex Behar Assistant Treasurer & Director | 1 | $0 | |
Valerie Hecktman Vice President, Assistant Secretary & Director | 1 | $0 | |
Candace Arnold Vice President, Assistant Secretary & Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $468,393 |
| Interest on Savings | $299 |
| Dividends & Interest | $100,209 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $556,456 |
| Capital Gain Net Income | $556,456 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,125,357 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,241 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,938 |
| Total operating and administrative expenses | $21,573 |
| Contributions, gifts, grants paid | $1,141,750 |
| Total expenses and disbursements | $1,163,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,696 |
| Savings and temporary cash investments | $53,830 |
| Net Accounts receivable | $2,682 |
| 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 | $505,871 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,717,821 |
| Accounts payable and accrued expenses | $50,000 |
| 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 | $0 |
| Total liabilities | $50,000 |
Grants Awarded
Over the last fiscal year, Hecktman Family Foundation has awarded $2,717,701 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
MOUNT SINAI MEDICAL CENTER FOUNDATION PURPOSE: GENERAL SUPPORT | $7,500 |
FRIENDS OF THE IDF PURPOSE: IMPACT PROGRAM | $5,000 |
THE UNIVERSITY OF CHICAGO PURPOSE: MUSIC THERAPY | $157,007 |
JEWISH UNITED FUND OF METROPOLITAN CHICAGO PURPOSE: GENERAL SUPPORT | $100,000 |
IL HOLOCAUST MUSEUM&EDUCATION CENTER PURPOSE: GENERAL SUPPORT | $6,000 |
CHABAD OF MIAMI PURPOSE: TZVI'S HEALTH FUNDGENERAL SUPPORT | $0 |