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Nonprofiteer
← ANN B HEARIN FOUNDATION

Form 990 for tax year 2023

Filed by ANN B HEARIN FOUNDATION.

Totals

Total revenue
$132,198
Total expenses
$98,906
Contributions and grants received
$0
Grants paid
$44,000
Program service revenue
$0
Investment income
$132,198
Other revenue
$0
Total assets, end of year
$2,812,367
Total liabilities, end of year
$88,616
Net assets or fund balances, end of year
$2,723,751
Program services expenses (Part IX)
$98,906
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$98,906

Program services were 100.0% 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.

  • 3 · Investment income

    total $91,512 · excluded $91,512

  • 7a · Gross sales of assets other than inventory

    securities $323,403

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

    securities $282,717

  • 7c · Gain or loss

    securities $40,686

  • 7d · Net gain or loss

    total $40,686 · excluded $40,686

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $44,000 · program services $44,000

  • 11a · Fees: management

    total $25,479 · program services $25,479

  • 11f · Fees: investment management

    total $29,427 · program services $29,427

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$3 · end of year -$3

  • 2 · Savings and temporary cash investments

    beginning of year $76,850 · end of year $83,938

  • 11 · Investments: publicly traded securities

    beginning of year $2,134,015 · end of year $2,728,432

  • 18 · Grants payable

    beginning of year $0 · end of year $17,000

  • 25 · Other liabilities

    beginning of year $19,137 · end of year $71,616

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,191,725 · end of year $2,723,751

Mission and programs · 2023

Mission

THE ANNE B. HEARIN FOUNDATION SEEKS TO BUILD PERMANENT ENDOWMENTS FOR THE LONG RANGE FUTURE OF THE REGION IT SERVES AND TO DRAW FROM THE STRENGTHS OF THE REGION'S DIVERSE POPULATION IN DESIGNING AND FUNDING INNOVATIVE PROGRAMS WHICH MEET COMMUNITY NEEDS. SERVING AS RESPONSIBLE STEWARDS OF THESE FUNDS, THE FOUNDATION MAKES GRANTS TO NON-PROFIT ORGANIZATIONS IN THE FIELDS OF ARTS AND CULTURE, CIVIC AND COMMUNITY, ANTI-CRIME AND ABUSE, EDUCATION, ENVIRONMENT, HEALTH, HUMAN SERVICES, AND RECREATION.

Activities or mission (Part I)

THE ANN B. HEARIN FOUNDATION SEEKS TO BUILD PERMANENT ENDOWMENTS FOR THE LONG RANGE FUTURE OF THE REGION IT SERVES AND TO DRAW FROM THE STRENGTHS OF THE REGION'S DIVERSE POPULATION IN DESIGNING AND FUNDING INNOVATIVE PROGRAMS WHICH MEET COMMUNITY NEEDS. SERVING AS RESPONSIBLE STEWARDS OF THESE FUNDS, THE FOUNDATION MAKES GRANTS TO NON-PROFIT ORGANIZATIONS IN THE FIELDS OF ARTS AND CULTURE, CIVIC AND COMMUNITY, ANTI-CRIME AND ABUSE, EDUCATION, ENVIRONMENT, HEALTH, HUMAN SERVICES, AND RECREATION.

  • THE FOUNDATION'S PROGRAM SERVICE ACTIVITY CONSISTS OF AWARDING GRANTS TO VARIOUS NON-PROFIT CHARITABLE ORGANIZATIONS, BASED ON BOARD OF DIRECTORS' APPROVAL AND CATEGORIES AS REQUESTED BY DONORS. CATEGORIES INCLUDE ANTI-CRIME AND ABUSE, ARTS AND CULTURE, CIVIC AND COMMUNITY, EDUCATION, ENVIRONMENTAL,HEALTH, HUMAN SERVICES, AND RECREATION.

    Expenses $98,906 · Grants $44,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARK HIERONYMUS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

  • CHAMP LYONS JR

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

  • REBECCA BYRNE

    SECRETARY/TREASURER

    Total calculated
    $155,000
    From this org
    $0
    From related orgs
    $146,300
    Other
    $8,700
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,300 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,200 related
    Nontaxable benefits
    $0 + $2,500 related
    Filer's total
    $0 + $155,000 related

  • JOHN BEDSOLE

    ASST TREASURER

    Total calculated
    $0
    Hours/week
    0.1

  • LUCY LADD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
30 July 2025
IRS schema version
2023v6.0
Source object
202502129349301480

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