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HEISER FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
HEISER FOUNDATION INC (EIN 59-3670526)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-16
IRS object ID
202343209349100839
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-16T13:12:37-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN813654053PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CERTIFIED FINANCIAL & TAXBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line126 OFFICE PARK DRAddressLine1Txt
CityPALM COASTCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32137ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN593670526EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE HEISER FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHEISBusinessNameControlTxt
Phone3869869414PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 BEACH STREETAddressLine1Txt
CityST AUGUSTINECityNm
State AbbreviationFLStateAbbreviationCd
ZIP32080ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSTEVE BARNIERPersonNm
Person TitleSECRETARYPersonTitleTxt
Phone3869869414PhoneNum
Signature2023-11-15SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSTEVEPersonFirstNm
Person LastBARNIERPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEPHEN BARNIER CPAPreparerPersonNm
PTINP00646386PTIN
Phone3864454997PhoneNum
Preparation2023-11-16PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$54,928DividendsRevAndExpnssAmt
Dividends Net Invst Incm$54,928DividendsNetInvstIncmAmt
Dividends Adj Net Incm$54,928DividendsAdjNetIncmAmt
Other Income Rev And Expnss$1,843,762OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$1,843,762OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$1,898,690TotalRevAndExpnssAmt
Total Net Invst Incm$54,928TotalNetInvstIncmAmt
Total Adj Net Incm$1,898,690TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$13,616LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$13,616LegalFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$17,582OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$17,582OtherProfFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$342,704OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$342,704OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$342,704OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$373,902TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$373,902TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$342,704TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$373,902TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$373,902TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$342,704TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,524,788ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$1,898,690AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$10,111CashBOYAmt
Cash EOY$1,959,235CashEOYAmt
Other Investments BOY$3,891,294OtherInvestmentsBOYAmt
Other Investments EOY$3,347,513OtherInvestmentsEOYAmt
Total Assets BOY$3,901,405TotalAssetsBOYAmt
Total Assets EOY$5,306,748TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$3,901,405NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$5,306,748NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$3,901,405TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$5,306,748TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,901,405TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$5,306,748TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,901,405TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,524,788ExcessRevenueOverExpensesAmt
Other Increases-$119,445OtherIncreasesAmt
Subtotal$5,306,748SubtotalAmt
Tot Net Ast Or Fund Balances EOY$5,306,748TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressWWW.THEHEISERFOUNDATION.ORGWebsiteAddressTxt
Individual With BooksSTEVE BARNIERIndividualWithBooksNm
Phone3869869414PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line126 OFFICE PARK DRIVEAddressLine1Txt
CityPALM COASTCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32137ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
STEVE BARNIER
26 OFFICE PARK DRIVEPALM COASTFL32137SECRETARY000.00$0$0$0
GARY SHERWOOD
10238 JAMES RIVER ROADSHIPMANVA22974PRESIDENT000.00$0$0$0
LINDA KEITH
10 BEACH STREETST AUGUSTINEFL32080TREASURER000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1SUPPORT FOR CHILDREN WITH MILITARY CONNECTION AND ORGANIZATIONS THAT SUPPORT CHILDREN WITH MILITARY CONNECTIONS. INCLUDES SCHOLARSHIPS TO STUDENTS AND GRANTS TO ORGANIZATIONS.Description1Txt
Expenses1$340,600Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$342,704ExpensesAndContributionsAmt
Qualifying Distributions$342,704QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$386,087ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$386,087TotalExcessDistributionCyovAmt
Qualifying Distributions$342,704QualifyingDistributionsAmt
Remaining Distri From Corpus$342,704RemainingDistriFromCorpusAmt
Total Corpus$728,791TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$728,791ExcessDistriCyovToNextYrAmt
Excess From Year1$386,087ExcessFromYear1Amt
Excess From Current Year$342,704ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion25ExclusionCd
Exclusion$54,928ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescExclusionExclusionCdExclusionExclusionAmt
HEISER ESTATE & TRUST25$2,280,984
REALIZED CAPITAL LOSS25-$437,222

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,898,690ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,898,690TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
4DIVIDENDS USED FOR CHARITABLE PURPOSES
7INVESTMENT INCOME USED FOR CHARITABLE PURPOSES

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp

FieldValueIRS element (for citing)
PersonSTEVE BARNIERPersonNm
Short ExplanationOFFICERShortExplanationTxt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (8 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmt
TD AMERITRADEFMV$499,678
LPL (1061-1866)FMV$382,104
LPL (7716-1370)FMV$659,035
LPL (1713-1665)FMV
BB&T INVESTMENTSFMV$669,504
COMMUNITY FIRST SAVINGSFMV$20,436
LINCOLN FINANCIALFMV$159,094
VANGUARDFMV$957,662

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
Legal Fees$13,616LegalFeesAmt
Net Investment Income$13,616NetInvestmentIncomeAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
SCHOLARSHIPS$33,100$33,100$33,100
GRANTS$307,500$307,500$307,500
OPERATION COSTS$2,104$2,104$2,104

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmt
HEISER ESTATE & TRUST$2,280,984$2,280,984
REALIZED CAPITAL LOSS-$437,222-$437,222

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAIN/LOSS ON INVESTMENTSDesc
Amt-$119,445Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FINANCIAL ADVISOR$17,582$17,582
OTHER

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