Nonprofit · EIN 06-0919160
HEDCO INC
Tax-exempt · HARTFORD, CT 06106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $4,015,725 | $4,826,298 | -$810,573 | $35,798,063 | $16,873,589 | $18,924,474 |
| May 31, 2024 | 990 | $4,889,239 | $5,695,740 | -$806,501 | $34,515,828 | $14,925,470 | $19,590,358 |
| May 31, 2023 | 990 | $4,502,536 | $3,152,945 | $1,349,591 | $35,604,811 | $15,186,137 | $20,418,674 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $2,787,765
- of which government grants
- $2,191,841
- Program service revenue
- $725,081
- Investment income
- $559,006
- Net income from fundraising events
- -$56,127
- Other revenue
- -$56,127
Expenses
- Grants and similar amounts paid
- $817,006
- Compensation of officers, directors and key employees
- $443,203
- Other salaries and wages
- $745,632
- Salaries, compensation and benefits (total)
- $1,445,854
- Professional fundraising fees
- $0
- Legal fees
- $51,414
- Accounting fees
- $62,610
- Occupancy
- $264,587
- Depreciation
- $23,760
- Program services (functional)
- $3,953,091
- Management and general (functional)
- $844,791
- Fundraising (functional)
- $28,416
Balance sheet and other
- Total assets, start of year
- $34,515,828
- Total assets, end of year
- $35,798,063
- Total liabilities, end of year
- $16,873,589
- Net assets, end of year
- $18,924,474
- Publicly traded securities
- $7,424,225
- Net assets without donor restrictions
- $18,367,212
- Net assets with donor restrictions
- $557,262
- Gross receipts
- $4,109,075
- Employees
- 14
- Volunteers
- 19
- Year formed
- 1975
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KIM HAWKINS | PRESIDENT & CEO Trustee or director, Officer | 40 | $225,069 | $32,450 |
| PATRICIA GERONIMO | CHIEF FINANCIAL OFFICER Officer | 40 | $158,555 | $29,431 |
| JEFF HUBBARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| YVONNE ZHAO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT J KREUZER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAULINE YODER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALAN LAZOWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREAS KAPETANOPOULOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANA ALFARO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL CASPARINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHEILA S HUMMEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIO MENDOZA | CHAIR, NOMINATING COMMITTE Trustee or director, Officer | 1 | $0 | $0 |
| WAYNE BENJAMIN | ASST. TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| PAUL PERAKOS | ASST. SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD J SAMORAJCZYK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARIANNE STOWELL | TREASURER Trustee or director, Officer | 1 | $0 |
| ERIC M BAUER | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| BARBARA RANDOLPH | CHAIRPERSON Trustee or director, Officer | 1 | $0 |
990 for the year ended May 31, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KIM HAWKINS | PRESIDENT & CEO Trustee or director, Officer | 40 | $242,493 | $31,329 |
| PATRICIA GERONIMO | CHIEF FINANCIAL OFFICER Officer | 40 | $135,362 | $28,639 |
| BARBARA RANDOLPH | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| ERIC M BAUER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARIANNE STOWELL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD J SAMORAJCZYK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| PAUL PERAKOS | ASST. SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| WAYNE BENJAMIN | ASST. TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JULIO MENDOZA | CHAIR, NOMINATING COMMITTE Trustee or director, Officer | 1 | $0 | $0 |
| ANA ALFARO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANTE FAZZINA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL CASPARINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF HUBBARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHEILA S HUMMEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREAS KAPETANOPOULOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALAN LAZOWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAULINE YODER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID CABEZAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT J KREUZER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| YVONNE ZHAO | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended May 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KIM HAWKINS | PRESIDENT & CEO Trustee or director, Officer | 40 | $220,524 | $20,128 |
| PATRICIA GERONIMO | CHIEF FINANCIAL OFFICER Officer | 40 | $128,439 | $32,081 |
| BARBARA RANDOLPH | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| ERIC M BAUER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARIANNE STOWELL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD J SAMORAJCZYK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| PAUL PERAKOS | ASST. SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| WAYNE BENJAMIN | ASST. TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JULIO MENDOZA | CHAIR, NOMINATING COMMITTEE Trustee or director, Officer | 1 | $0 | $0 |
| ANA ALFARO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANTE FAZZINA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL CASPARINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF HUBBARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHEILA S HUMMEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREAS KAPETANOPOULOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALAN LAZOWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAULINE YODER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID CABEZAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT J KREUZER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 207 MAIN STREET 4TH FLOOR, HARTFORD, CT 06106-1883
- Principal officer (990 for 2024)
- KIM B HAWKINS, 207 MAIN STREET 4TH FLOOR, HARTFORD, CT 06106
- Signed the 990
- KIM B HAWKINS, PRESIDENT & CEO
- Phone
- (860) 527-1301
- Website
- HEDCOINC.COM
- Return prepared by
- WHITTLESEY PC
Mission
PROVIDING RESOURCES, EMPOWERING ENTREPRENEURS, BUILDING COMMUNITIES.
Program accomplishments
- LOAN PROGRAMS PROVIDE SMALL BUSINESS CLIENTELE WITH ACCESS TO CAPITAL NEEDS THAT WOULD BE OTHERWISE UN-MET OR UNDER-SERVED. THESE LOAN PROGRAMS ALSO PROVIDE HOPE AND OPPORTUNITY FOR PEOPLE TO REALIZE THEIR DREAM BUSINESS, CREATE FINANCIAL FREEDOM AND CONTRIBUTE TO THEIR COMMUNITIES THROUGH JOB CREATIONS AND NEEDED SERVICES. IN ADDITION TO SMALL BUSINESSES, NON-PROFITS ARE ALSO BEING ASSISTED THROUGH THESE PROGRAMS.Expenses $3,953,091 · grants $817,006 · revenue $725,081
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 06-0919160
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $35,798,063
- Income (IRS master file)
- $4,109,075
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $4,015,725 | $4,826,298 | $35,798,063 | XML |
| 990 | May 2024 | $4,889,239 | $5,695,740 | $34,515,828 | XML |
| 990 | May 2023 | $4,502,536 | $3,152,945 | $35,604,811 | XML |
| 990 | May 2022 | $3,183,026 | $3,590,996 | $31,561,156 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-0919160).
Questions about HEDCO INC
- What is the EIN of HEDCO INC?
- The employer identification number (EIN) of HEDCO INC is 06-0919160.
- Is HEDCO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to HEDCO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HEDCO INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HEDCO INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HEDCO INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of HEDCO INC?
- The 990 for the year ended May 31, 2025 names KIM B HAWKINS.
- Who are the officers and directors of HEDCO INC?
- The 990 for the year ended May 31, 2025 lists 18 people; 2 received compensation from the organization, the highest $225,069 (KIM HAWKINS, PRESIDENT & CEO).
- How much revenue does HEDCO INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $4,015,725, expenses of $4,826,298 and total assets of $35,798,063 at year end.
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