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← HENDRICK FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by HENDRICK FAMILY FOUNDATION.

Totals

Total revenue
$4,100,865
Total expenses
$4,004,929
Contributions and grants received
$4,100,865
Grants paid
$3,996,377
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$895,402
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$895,402
Program services expenses (Part IX)
$3,996,377
Management and general expenses
$4,769
Fundraising expenses
$3,783
Program service expenses (Part III)
$3,996,377

Program services were 99.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,239,910

  • 1d · Related organizations

    $1,165,549

  • 1f · All other contributions, gifts and grants

    $1,695,406

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $183,333

  • 8a · Fundraising events: contributions included on line 1c

    $1,239,910

  • 8b · Fundraising events: direct expenses

    $183,333

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,996,377 · program services $3,996,377

  • 11b · Fees: legal

    total $142 · management and general $142

  • 11c · Fees: accounting

    total $2,450 · management and general $2,450

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $4,173 · management and general $390 · fundraising $3,783

  • 23 · Insurance

    total $1,390 · management and general $1,390

  • 24a · Other expenses: Miscellaneous

    total $397 · management and general $397

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $799,466 · end of year $895,402

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $799,466 · end of year $895,402

Mission and programs · 2023

Mission

The organization is organized exclusively for charitable and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code including, without limitation, the ability to provide assistance and advocacy for the financially disadvantaged.

Activities or mission (Part I)

The organization is organized exclusively for charitable and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code including without limitation the ability to provide assistance and advocacy for the financially disadvantaged.

  • Gifts to 61 various charities to support medical needs, youth development programs and summer camps, shelter for the homeless, and other local charities in the Charlotte metropolitan area.

    Expenses $2,868,277 · Grants $2,868,277

  • Donations to Second Harvest Food Bank of Metrolina.

    Expenses $818,100 · Grants $818,100

  • Donations to Foodbank of Central and Eastern NC

    Expenses $310,000 · Grants $310,000

As filed on the 2023 return.

Listed in Part VII

  • Greshna Lynn Hendrick Carlson

    President

    Total calculated
    $0
    Hours/week
    1

  • JR Hendrick III

    Vice President/Director

    Total calculated
    $0
    Hours/week
    1

  • A Scott Ennis

    Vice President/Assistant Treasurer

    Total calculated
    $0
    Hours/week
    0

  • Brenda C Howard

    Vice President/Secretary

    Total calculated
    $0
    Hours/week
    4

  • J Wayne Robbins Jr

    Vice President/Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Robert C Rice

    Vice President/Assistant Secretary

    Total calculated
    $0
    Hours/week
    0

  • Thomas F Kissinger

    Vice President

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Hendrick Automotive Group LLC

    N/A · Automotive Retail · NC

    Directly controlled by NA

  • HMS Holdings LLC

    N/A · Professional Race Car Team · NC

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423189349305437

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