Nonprofit · EIN 22-1713046
HESS FOUNDATION INC
Tax-exempt · PARSIPPANY, NJ 07054
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2024 | 990-PF | $43,181,035 | $74,400,800 | -$31,219,765 | $219,214,101 | $132,415,146 | $86,798,955 |
| November 30, 2023 | 990-PF | $21,567,732 | $48,984,192 | -$27,416,460 | $211,018,720 | $93,000,000 | $118,018,720 |
Financial details: 990-PF for the year ended November 30, 2024
Revenue
- Contributions, gifts and grants
- $29,024,289
- Dividends
- $13,498,657
- Net gain from sales of assets
- $1,243,652
- Other income
- -$585,563
Expenses
- Grants and similar amounts paid
- $63,385,033
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $64,170,732
- Excise tax on investment income
- $185,279
Balance sheet and other
- Total assets, start of year
- $211,018,720
- Total assets, end of year
- $219,214,101
- Total liabilities, end of year
- $132,415,146
- Net assets, end of year
- $86,798,955
- Fair market value of assets
- $1,152,220,844
- Qualifying distributions
- $64,170,732
- Net investment income
- $14,915,598
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 November 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CONSTANCE WILLIAMSCO HESS FOUNDATN 14 SYLVAN WAY 3RD FLOOR, PARSIPPANY, NJ 07054 | DIRECTOR, VICE PRESIDENT | 1 | $0 |
| EUGENE WGOODWILLIE JR CO HESS FND 14 SYLVAN WAY 3RD FLOOR, PARSIPPANY, NJ 07054 | OUTGOING DIRECTOR, TREASURER | 2 | $0 |
| JOHN B HESS CO HESS FOUNDATION 14 SYLVAN WAY 3RD FLOOR, PARSIPPANY, NJ 07054 | DIRECTOR, PRESIDENT | 5 | $0 |
| THOMAS H KEAN CO HESS FOUNDATION 14 SYLVAN WAY 3RD FLOOR, PARSIPPANY, NJ 07054 | DIRECTOR, SECRETARY | 1 | $0 |
990-PF for the year ended November 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CONSTANCE WILLIAMSCO HESS FOUNDATN 14 SYLVAN WAY 3RD FLOOR, PARSIPPANY, NJ 07054 | DIRECTOR, VICE PRESIDENT | 1 | $0 |
| EUGENE WGOODWILLIE JR CO HESS FND 14 SYLVAN WAY 3RD FLOOR, PARSIPPANY, NJ 07054 | DIRECTOR, TREASURER | 2 | $0 |
| JOHN B HESS CO HESS FOUNDATION 14 SYLVAN WAY 3RD FLOOR, PARSIPPANY, NJ 07054 | DIRECTOR, PRESIDENT | 5 | $0 |
| THOMAS H KEAN CO HESS FOUNDATION 14 SYLVAN WAY 3RD FLOOR, PARSIPPANY, NJ 07054 | DIRECTOR, SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 14 SYLVAN WAY STE 3, PARSIPPANY, NJ 07054-3835
- Signed the 990-PF
- JOHN B HESS, PRESIDENT
- Phone
- (973) 403-7997
- Return prepared by
- COHNREZNICK 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 November, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | November 30, 2025 | April 15, 2026 | Not on file |
| 2023 | November 30, 2024 | April 15, 2025 | 990-PF on file |
| 2022 | November 30, 2023 | April 15, 2024 | 990-PF on file |
IRS record
- EIN
- 22-1713046
- 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
- 1957
- Accounting year ends
- November
- Files
- Form 990-PF
- Assets (IRS master file)
- $219,214,101
- Income (IRS master file)
- $53,693,682
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | November 2024 | $43,181,035 | $74,400,800 | $219,214,101 | XML |
| 990-T | November 2024 | – | – | – | IRS |
| 990-PF | November 2023 | $21,567,732 | $48,984,192 | $211,018,720 | XML |
| 990-T | November 2023 | – | – | – | IRS |
| 990-PF | November 2022 | – | – | – | IRS |
| 990-T | November 2022 | – | – | – | IRS |
| 990-PF | November 2021 | – | – | – | IRS |
| 990-T | November 2021 | – | – | – | IRS |
| 990-PF | November 2020 | – | – | – | IRS |
| 990-PF | November 2018 | – | – | – | 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 22-1713046).
Questions about HESS FOUNDATION INC
- What is the EIN of HESS FOUNDATION INC?
- The employer identification number (EIN) of HESS FOUNDATION INC is 22-1713046.
- Is HESS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1957.
- Are donations to HESS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does HESS FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of HESS FOUNDATION INC due?
- The return for tax year 2024 (the year ending November 30, 2025) is due April 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HESS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended November 2024.
- Who are the officers and directors of HESS FOUNDATION INC?
- The 990-PF for the year ended November 30, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does HESS FOUNDATION INC have?
- On its 990-PF for the year ended November 30, 2024 it reported revenue of $43,181,035, expenses of $74,400,800 and total assets of $219,214,101 at year end.
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