Robert & Mary Jane Hekemian Foundation Inc
Hekemian Foundation: Consistent Giving, Minimal Overhead
EIN: 223087695 · Hackensack, NJ · Updated: 2026-04-04
About Robert & Mary Jane Hekemian Foundation Inc
Robert & Mary Jane Hekemian Foundation Inc (EIN: 223087695) is a nonprofit organization based in Hackensack, NJ. The organization reported total revenue of $189K and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Robert & Mary Jane Hekemian Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Robert & Mary Jane Hekemian Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, Robert & Mary Jane Hekemian Foundation Inc allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, indicating a volunteer-led or unpaid executive structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Robert & Mary Jane Hekemian Foundation Inc:
- Extremely low administrative and fundraising costs, maximizing funds for programs.
- Consistent grant-making activity over many years.
- Healthy asset base relative to annual expenses, suggesting long-term stability.
Frequently Asked Questions about Robert & Mary Jane Hekemian Foundation Inc
What does Robert & Mary Jane Hekemian Foundation Inc do?
Robert & Mary Jane Hekemian Foundation Inc is a nonprofit organization in the Unknown sector, located in Hackensack, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Robert & Mary Jane Hekemian Foundation Inc have?
Robert & Mary Jane Hekemian Foundation Inc reported total revenue of $188,956. Based on 10 IRS 990 filings on record.
What are Robert & Mary Jane Hekemian Foundation Inc's total assets?
Robert & Mary Jane Hekemian Foundation Inc holds total assets of $4,654,248 as reported in IRS 990 filings.
Where is Robert & Mary Jane Hekemian Foundation Inc located?
Robert & Mary Jane Hekemian Foundation Inc is based in Hackensack, New Jersey.
What is Robert & Mary Jane Hekemian Foundation Inc's EIN?
Robert & Mary Jane Hekemian Foundation Inc's Employer Identification Number (EIN) is 223087695. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Robert & Mary Jane Hekemian Foundation Inc?
Robert & Mary Jane Hekemian Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Robert & Mary Jane Hekemian Foundation Inc a registered 501(c)(3)?
Robert & Mary Jane Hekemian Foundation Inc appears in IRS records (EIN: 223087695). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Robert & Mary Jane Hekemian Foundation Inc file IRS Form 990?
Yes, Robert & Mary Jane Hekemian Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Robert & Mary Jane Hekemian Foundation Inc's revenue in 2023?
In the 202308 filing period, Robert & Mary Jane Hekemian Foundation Inc reported total revenue of $456,212, total expenses of $437,072, and net assets of $4,738,250.
Is Robert & Mary Jane Hekemian Foundation Inc's revenue growing or declining?
Robert & Mary Jane Hekemian Foundation Inc's revenue is relatively stable. Revenue went from $458,757 (202208) to $456,212 (202308), a -0.6% change. Based on 10 filings on record.
What is Robert & Mary Jane Hekemian Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Robert & Mary Jane Hekemian Foundation Inc covers tax period 202308. It shows revenue of $456,212, expenses of $437,072, total assets of $4,738,250, and liabilities of $1.
How much does Robert & Mary Jane Hekemian Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Robert & Mary Jane Hekemian Foundation Inc allocates approximately 99% of expenses to program services, 1% to administrative costs, and 0% to fundraising. This indicates strong program focus.
Is Robert & Mary Jane Hekemian Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Robert & Mary Jane Hekemian Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Robert & Mary Jane Hekemian Foundation Inc's strengths?
Positive indicators for Robert & Mary Jane Hekemian Foundation Inc include: Extremely low administrative and fundraising costs, maximizing funds for programs.. Consistent grant-making activity over many years.. Healthy asset base relative to annual expenses, suggesting long-term stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Robert & Mary Jane Hekemian Foundation Inc compensate executives?
Executive compensation is consistently reported as $0 across all available filings, indicating a volunteer-led or unpaid executive structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 executive compensation and minimal administrative costs, how does the foundation manage its operations and grant distribution?
The foundation likely relies on volunteer efforts or pro-bono services for its operational management, allowing nearly all expenses to be directed towards its programmatic mission of grants and contributions.
Filing History
IRS 990 filing history for Robert & Mary Jane Hekemian Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Robert & Mary Jane Hekemian Foundation Inc's revenue has grown by 140.8%, moving from $189K to $456K. Total assets increased by 62% over the same period, from $2.9M to $4.7M. Total functional expenses rose by 95.4%, from $224K to $437K. In its most recent filing year (2023), Robert & Mary Jane Hekemian Foundation Inc reported a surplus of $19K, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $456K | $437K | $4.7M | $1 | — | View 990 |
| 2022 | $459K | $179K | $4.8M | $1 | — | View 990 |
| 2021 | $109K | $299K | $4.6M | $45K | — | View 990 |
| 2020 | $166K | $258K | $4.8M | $42K | — | View 990 |
| 2019 | $1.9M | $204K | $4.9M | $44K | — | View 990 |
| 2015 | $148K | $266K | $3.5M | $1.1M | — | — |
| 2014 | $298K | $99K | $2.9M | $427K | — | View 990 |
| 2013 | $168K | $332K | $3.0M | $746K | — | View 990 |
| 2012 | $201K | $134K | $3.0M | $543K | — | View 990 |
| 2011 | $189K | $224K | $2.9M | $544K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $456K, expenses of $437K, and assets of $4.7M (revenue -0.6% year-over-year).
- 2022: Revenue of $459K, expenses of $179K, and assets of $4.8M (revenue +321.8% year-over-year).
- 2021: Revenue of $109K, expenses of $299K, and assets of $4.6M (revenue -34.3% year-over-year).
- 2020: Revenue of $166K, expenses of $258K, and assets of $4.8M (revenue -91.2% year-over-year).
- 2019: Revenue of $1.9M, expenses of $204K, and assets of $4.9M (revenue +1175.7% year-over-year).
- 2015: Revenue of $148K, expenses of $266K, and assets of $3.5M (revenue -50.4% year-over-year).
- 2014: Revenue of $298K, expenses of $99K, and assets of $2.9M (revenue +77.6% year-over-year).
- 2013: Revenue of $168K, expenses of $332K, and assets of $3.0M (revenue -16.4% year-over-year).
- 2012: Revenue of $201K, expenses of $134K, and assets of $3.0M (revenue +6.0% year-over-year).
- 2011: Revenue of $189K, expenses of $224K, and assets of $2.9M.
Data Sources and Methodology
This transparency report for Robert & Mary Jane Hekemian Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.