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Nonprofiteer
← HEIFER INTERNATIONAL FOUNDATION

Form 990 for tax year 2023

Filed by HEIFER INTERNATIONAL FOUNDATION.

Totals

Total revenue
$10,220,130
Total expenses
$9,478,593
Contributions and grants received
$2,215,660
Grants paid
$5,174,444
Program service revenue
$0
Investment income
$8,004,470
Other revenue
$0
Total assets, end of year
$216,032,024
Total liabilities, end of year
$20,088,414
Net assets or fund balances, end of year
$195,943,610
Program services expenses (Part IX)
$5,475,697
Management and general expenses
$4,002,896
Fundraising expenses
$0
Program service expenses (Part III)
$5,475,697

Program services were 57.8% 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.

  • 1d · Related organizations

    $70,330

  • 1f · All other contributions, gifts and grants

    $2,145,330

  • 1g · Noncash contributions included above

    $28,534

  • 3 · Investment income

    total $3,399,524 · excluded $3,399,524

  • 7a · Gross sales of assets other than inventory

    securities $62,608,699

  • 7b · Less cost or other basis and sales expenses

    securities $58,003,753

  • 7c · Gain or loss

    securities $4,604,946

  • 7d · Net gain or loss

    total $4,604,946 · excluded $4,604,946

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,538,302 · program services $4,538,302

  • 3 · Grants to foreign organizations and individuals

    total $636,142 · program services $636,142

  • 5 · Compensation of officers, directors and key employees

    total $991,443 · program services $24,484 · management and general $966,959

  • 7 · Other salaries and wages

    total $690,658 · program services $16,792 · management and general $673,866

  • 8 · Pension plan contributions

    total $38,194 · program services $1,135 · management and general $37,059

  • 9 · Other employee benefits

    total $81,701 · program services $2,211 · management and general $79,490

  • 10 · Payroll taxes

    total $113,245 · program services $3,760 · management and general $109,485

  • 11b · Fees: legal

    total $47,064 · program services $337 · management and general $46,727

  • 11c · Fees: accounting

    total $44,190 · management and general $44,190

  • 11f · Fees: investment management

    total $1,582,258 · management and general $1,582,258

  • 11g · Fees: other

    total $215,772 · program services $105,576 · management and general $110,196

  • 12 · Advertising and promotion

    total $1,484 · program services $30 · management and general $1,454

  • 13 · Office expenses

    total $155,229 · program services $80,050 · management and general $75,179

  • 16 · Occupancy

    total $36,193 · program services $4,259 · management and general $31,934

  • 17 · Travel

    total $126,618 · program services $32,623 · management and general $93,995

  • 19 · Conferences, conventions and meetings

    total $41,308 · program services $26,599 · management and general $14,709

  • 22 · Depreciation, depletion and amortization

    total $5,268 · program services $620 · management and general $4,648

  • 23 · Insurance

    total $60,486 · program services $16 · management and general $60,470

  • 24a · Other expenses: MEMBERSHIPS & FEES

    total $38,238 · program services $1,153 · management and general $37,085

  • 24b · Other expenses: PERSONNEL EXPENSES

    total $13,682 · program services $1,741 · management and general $11,941

  • 24c · Other expenses: EQUIPMENT

    total $12,994 · program services $377 · management and general $12,617

  • 24d · Other expenses: OTHER EXPENSES

    total $8,124 · program services -$510 · management and general $8,634

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,698,403 · end of year $1,106,734

  • 2 · Savings and temporary cash investments

    beginning of year $1,738,755 · end of year $2,493,430

  • 3 · Pledges and grants receivable

    beginning of year $409,033 · end of year $236,427

  • 4 · Accounts receivable

    beginning of year $140,165 · end of year $170,230

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,336 · end of year $86,367

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

    $137,850

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

    $111,998

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $25,852

  • 11 · Investments: publicly traded securities

    beginning of year $146,968,697 · end of year $156,034,986

  • 12 · Investments: other securities

    beginning of year $50,401,406 · end of year $51,337,815

  • 15 · Other assets

    beginning of year $2,613,607 · end of year $4,540,183

  • 17 · Accounts payable and accrued expenses

    beginning of year $293,070 · end of year $1,017,099

  • 25 · Other liabilities

    beginning of year $19,250,121 · end of year $19,071,315

  • 27 · Net assets without donor restrictions

    beginning of year $40,606,427 · end of year $39,840,221

  • 28 · Net assets with donor restrictions

    beginning of year $145,863,784 · end of year $156,103,389

Mission and programs · 2023

Mission

TO RAISE AND OVERSEE FINANCIAL ASSETS TO SUPPORT THE WORK OF HEIFER INTERNATIONAL.

Activities or mission (Part I)

FOUNDATION'S MISSION IS TO RAISE AND OVERSEE ASSETS TO SUPPORT THE WORK OF HEIFER INTERNATIONAL.

  • ATTRIBUTED EARNINGS PAID TO HEIFER PROJECT INTERNATIONAL FOR SPECIFIC PURPOSES AS DESIGNATED BY DONOR RESTRICTIONS, ARTICLES OF INCORPORATION, AND/OR BYLAWS OF HEIFER INTERNATIONAL FOUNDATION. HEIFER PROJECT INTERNATIONAL IS A SEPARATE IRC SECTION 501(C)(3) PUBLIC CHARITY. HEIFER PROJECT INTERNATIONAL'S MISSION IS TO WORK WITH COMMUNITIES TO END WORLD HUNGER AND POVERTY AND TO CARE FOR THE EARTH.

    Expenses $5,174,444 · Grants $5,174,444

  • AMOUNTS SPENT TO EDUCATE INDIVIDUALS ON HOW PLANNED CHARITABLE GIVING SUPPORTS THE WORK OF HEIFER PROJECT INTERNATIONAL AND OTHER 501(C)(3) ORGANIZATIONS. A TOTAL OF 360,244 PEOPLE WERE EDUCATED BY HEIFER INTERNATIONAL FOUNDATION THIS FISCAL YEAR.

    Expenses $301,253

As filed on the 2023 return.

Listed in Part VII

  • Martha Brantley

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Alexander

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Bawden

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Buckley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stephen Butler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Teresa Dunbar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Susan Grant

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Weindruch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alex Tee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ardyth Neill

    PRESIDENT (UNTIL JUNE 12, 2024)

    Total calculated
    $279,739
    From this org
    $242,447
    From related orgs
    $0
    Other
    $37,292
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $242,249
    Bonus
    $0
    Other
    $198
    Deferred
    $17,409
    Nontaxable benefits
    $19,883
    Filer's total
    $279,739

  • Debbie McCullough

    VP PLANNED GIVING, ACTING PRESIDENT

    Total calculated
    $173,801
    From this org
    $145,258
    From related orgs
    $0
    Other
    $28,543
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $144,877
    Bonus
    $0
    Other
    $381
    Deferred
    $10,480
    Nontaxable benefits
    $18,063
    Filer's total
    $173,801

  • Katherine St Amour

    VP OF INVESTMENTS AND FINANCE

    Total calculated
    $93,272
    From this org
    $86,458
    From related orgs
    $0
    Other
    $6,814
    Hours/week
    41

  • Amy Dieringer

    VICE PRESIDENT OF PEOPLE & CULTURE

    Total calculated
    $96,583
    From this org
    $75,230
    From related orgs
    $0
    Other
    $21,353
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
HEIFER INTERNATIONAL FOUNDATION SEEKS TO PROVIDE A REASONABLE AND COMPETITIVE EXECUTIVE TOTAL COMPENSATION OPPORTUNITY CONSISTENT WITH MARKET-BASED COMPENSATION PRACTICES FOR INDIVIDUALS POSSESSING THE EXPERIENCE AND SKILLS NEEDED TO IMPROVE THE OVERALL PERFORMANCE OF HEIFER INTERNATIONAL FOUNDATION AND ACCOMPLISH ITS EXEMPT PURPOSE AND MISSION. THE BOARD OF DIRECTORS OF HEIFER INTERNATIONAL FOUNDATION REVIEWS COMPENSATIONS STUDIES AND OTHER PUBLIC NONPROFIT DATA FOR CEO COMPENSATION.
PART I, LINE 7
A BONUS OF $10K EACH WAS PAID TO THE VP OF INVESTMENTS AND FINANCE AND THE VP OF PEOPLE AND CULTURE THAT WAS APPROVED BY THE ACTING PRESIDENT AND DISCUSSED WITH THE BOARD. THE AMOUNT WAS COMMENSURATE WITH THE ADDITIONAL DUTIES TAKEN ON TEMPORARILY DURING THE FOUNDATION'S TRANSITION IN LEADERSHIP.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • HEIFER PROJECT INTERNATIONAL

    $4,538,302

    ONGOING SUPPORT BASED ON DONOR RESTRICTIONS, ARTICLES OF INCORPORATION, AND BYLAWS OF HEIFER INTERNATIONAL FOUNDATION, BASED ON BOARD GOVERNANCE. HEIFER PROJECT INTERNATIONAL'S MISSION IS TO WORK WITH COMMUNITIES TO END WORLD HUNGER AND POVERTY AND TO CARE FOR THE EARTH.

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (41)

    INVESTMENT · AR · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
23 October 2024
IRS schema version
2023v5.1
Source object
202422999349301627

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