He Family Foundation
- Assets
- $7.9m
- Revenue
- $305.0k
- Investments
- $2.8m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- Data as of
- 12/2023
- EIN
- 87-3108743
Organization Overview
He Family Foundation is located in Memphis, TN. 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. He 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 12/2023, He Family Foundation generated $305.0k 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 (66.3%) each year. All expenses for the organization totaled $267.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 1 | $0 | |
Name Not Listed Secretary | 40 | $100,000 | |
Name Not Listed Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $239,521 |
| Dividends & Interest | $65,522 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $305,043 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $44,692 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $145,884 |
| Contributions, gifts, grants paid | $121,500 |
| Total expenses and disbursements | $267,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,838 |
| Savings and temporary cash investments | $5,026,633 |
| 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 | $21,058 |
| Total assets | $7,898,393 |
| 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 | $25,000 |
| Total liabilities | $25,000 |
Grants Awarded
Over the last fiscal year, He Family Foundation has awarded $121,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARY'S EPISCOPAL SCHOOL PURPOSE: MOSS HALL ART GALLERY LOUNGE; NUT CRACKER PERFORMANCE SPONSORSHIP; ANNUAL FUND | $78,000 |
UNIVERSITY OF CHICAGO BOOTH SCHOOL OF BUSINESS PURPOSE: SCHOLARSHIP | $6,500 |
UNIVERSITY OF CHICAGO PURPOSE: ANNUAL FUND | $10,000 |
PRESBYTERIAN DAY SCHOOL PURPOSE: FIELD TRIP PROGRAM | $27,000 |