Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 23-7259742

HEDCO FOUNDATION

Tax-exempt · DANVILLE, CA 94526

Financials

$643K$1.9M2023$1.1M$2.4M2024
Revenue Expenses · by fiscal year end
Financials of HEDCO FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$1,138,176$2,377,776-$1,239,600$8,038,190$2,300,704$5,737,486
December 31, 2023990-PF$643,189$1,879,774-$1,236,585$9,276,021$2,044,506$7,231,515
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$239,652
Interest
$202
Net gain from sales of assets
$896,737
Other income
$1,585

Expenses

Grants and similar amounts paid
$2,203,662
Compensation of officers, directors and key employees
$60,975
Salaries, compensation and benefits (total)
$28,807
Disbursements for charitable purposes
$2,141,462
Excise tax on investment income
$15,211

Balance sheet and other

Total assets, start of year
$9,276,021
Total assets, end of year
$8,038,190
Total liabilities, end of year
$2,300,704
Net assets, end of year
$5,737,486
Fair market value of assets
$8,038,190
Qualifying distributions
$2,141,462
Net investment income
$1,138,176

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-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DEREK JERNSTEDT
PO BOX 339, DANVILLE, CA 94526
EXECUTIVE DIRECTOR & DIRECTOR8$60,975
ROGER SCHWAB
PO BOX 339, DANVILLE, CA 94526
CHIEF FINANCIAL OFFICER & DIRECTOR1$0
DOROTHY JERNSTEDT
PO BOX 339, DANVILLE, CA 94526
PRESIDENT & DIRECTOR1$0
RENA BRANTLEY
PO BOX 339, DANVILLE, CA 94526
SECRETARY & DIRECTOR1$0
DAVID DORNSIFE
PO BOX 339, DANVILLE, CA 94526
DIRECTOR1$0
ALLEN DOBBINS
PO BOX 339, DANVILLE, CA 94526
DIRECTOR1$0
TOM HERMAN
PO BOX 339, DANVILLE, CA 94526
DIRECTOR1$0
ROBERT LOWITZ MD
PO BOX 339, DANVILLE, CA 94526
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
DEREK JERNSTEDT
PO BOX 339, DANVILLE, CA 94526
EXECUTIVE DIRECTOR & DIRECTOR8$60,753
DAVID DORNSIFE
PO BOX 339, DANVILLE, CA 94526
CHIEF FINANCIAL OFFICER & DIRECTOR1$0
DOROTHY JERNSTEDT
PO BOX 339, DANVILLE, CA 94526
PRESIDENT & DIRECTOR1$0
RENA BRANTLEY
PO BOX 339, DANVILLE, CA 94526
SECRETARY & DIRECTOR1$0
ALLEN DOBBINS
PO BOX 339, DANVILLE, CA 94526
DIRECTOR1$0
TOM HERMAN
PO BOX 339, DANVILLE, CA 94526
DIRECTOR1$0
ROGER SCHWAB
PO BOX 339, DANVILLE, CA 94526
DIRECTOR1$0
ROBERT LOWITZ MD
PO BOX 339, DANVILLE, CA 94526
DIRECTOR1$0

Address and contacts

Address (IRS master file)
PO BOX 339, DANVILLE, CA 94526-0339
Signed the 990-PF
DEREK JERNSTEDT, EXECUTIVE DIRECTOR
Phone
(925) 743-0257
Return prepared by
ARMANINO ADVISORY LLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
23-7259742
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1973
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$8,038,190
Income (IRS master file)
$2,347,812

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,138,176$2,377,776$8,038,190XML
990-PFDecember 2023$643,189$1,879,774$9,276,021XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about HEDCO FOUNDATION

What is the EIN of HEDCO FOUNDATION?
The employer identification number (EIN) of HEDCO FOUNDATION is 23-7259742.
Is HEDCO FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
Are donations to HEDCO FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does HEDCO FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of HEDCO FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HEDCO FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of HEDCO FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $60,975 (DEREK JERNSTEDT, EXECUTIVE DIRECTOR & DIRECTOR).
How much revenue does HEDCO FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,138,176, expenses of $2,377,776 and total assets of $8,038,190 at year end.

Other nonprofits in DANVILLE

All nonprofits in DANVILLE · California