Nonprofits›Hedco Inc

Community Improvement & Capacity Building

Hedco Inc

HARTFORD, CT

WebsiteView as a funder

Total revenue

$4.9M

Total expenses

$5.7M

Net assets

$19.6M

Grants received

$671K

25 grants

EIN

060919160

Tax year

2023

Mission

To organize and promote further economic growth.

Financials

FY 2023

Revenue

Contributions & grants$3.7M
Program service revenue$962K
Investment income$239K
Other revenue—
Total revenue$4.9M

Expenses

Grants paid$2.5M
Salaries & benefits$1.1M
Fundraising—
Other expenses$2.0M
Total expenses$5.7M
Total assets$34.5M
Net assets$19.6M

People

20 listed

NameRoleCompensation

KIM HAWKINS

PRESIDENT & CEO

Board

$242K

40 hrs/wk

PATRICIA GERONIMO

CHIEF FINANCIAL OFFICER

Board

$135K

40 hrs/wk

ERIC M BAUER

VICE CHAIR

Board

—

1 hrs/wk

MARIANNE STOWELL

TREASURER

Board

—

1 hrs/wk

EDWARD J SAMORAJCZYK

SECRETARY

Board

—

1 hrs/wk

PAUL PERAKOS

ASST. SECRETARY

Board

—

1 hrs/wk

WAYNE BENJAMIN

ASST. TREASURER

Board

—

1 hrs/wk

JULIO MENDOZA

CHAIR, NOMINATING COMMITTE

Board

—

1 hrs/wk

ANA ALFARO

DIRECTOR

Board

—

1 hrs/wk

DANTE FAZZINA

DIRECTOR

Board

—

1 hrs/wk

MICHAEL CASPARINO

DIRECTOR

Board

—

1 hrs/wk

JEFF HUBBARD

DIRECTOR

Board

—

1 hrs/wk

SHEILA S HUMMEL

DIRECTOR

Board

—

1 hrs/wk

ANDREAS KAPETANOPOULOS

DIRECTOR

Board

—

1 hrs/wk

ALAN LAZOWSKI

DIRECTOR

Board

—

1 hrs/wk

PAULINE YODER

DIRECTOR

Board

—

1 hrs/wk

DAVID CABEZAS

DIRECTOR

Board

—

1 hrs/wk

ROBERT J KREUZER

DIRECTOR

Board

—

1 hrs/wk

YVONNE ZHAO

DIRECTOR

Board

—

1 hrs/wk

BARBARA RANDOLPH

CHAIRPERSON

Board

—

1 hrs/wk

Grants received

Showing 25 of 25

FromAmountPurposeYear
Webster Bank Charitable Foundation
$10K
Business Resource Program Expansion: Elevating Offerings for Enhanced Impact
2024
HARTFORD FOUNDATION FOR PUBLIC GIVING
$300K
GENERAL OPERATING SUPPORT
2023
FARMINGTON BANK COMMUNITY
$10K
INTERNSHIP PROGRAM
2023
Webster Bank Charitable Foundation
$10K
General & Unrestricted
2023
BAY COLONY DEVELOPMENT CORP
$5K
ECONOMIC DEVELOPMENT
2023
THE PRUDENTIAL FOUNDATION
$75K
STRENGTHENING THE CAPACITY OF HEDCO, INC. TO SERVE A GREATER NUMBER OF CONNECTICUT SMALL BUSINESSES
2022
LIBERTY BANK FOUNDATION INC
$15K
TO SUPPORT CONNECTICUT SMALL BUSINESSES & ENTREPRENEURS
2022
THE BLACKBAUD GIVING FUND
$10K
GENERAL SUPPORT
2022
FARMINGTON BANK COMMUNITY
$10K
INTERNSHIP PROGRAM
2022
Webster Bank Charitable Foundation
$10K
program support - small businesses & entrepreneurs
2022
THE MAXIMILIAN E AND MARION O HOFFMAN
$5K
GENERAL
2022
ION BANK FOUNDATION INC
$2K
"GRANT"
2022
The Bank of America Charitable Foundation Inc
$20K
OPERATIONAL SUPPORT
2021
TD CHARITABLE FOUNDATION
$15K
STRENGTHENING UNDERSERVED SMALL BUSINESSES IN CONNECTICUT
2021
FARMINGTON BANK COMMUNITY
$10K
CAPACITY BUILDING FOR KEY ADMINISTRATIVE LEADER
2021
HARTFORD FOUNDATION FOR PUBLIC GIVING
$35K
CAPACITY BUILDING
2020
HARTFORD FOUNDATION FOR PUBLIC GIVING
$33K
COVID-19
2020
The Bank of America Charitable Foundation Inc
$30K
GENERAL SUPPORT
2020
The Bank of America Charitable Foundation Inc
$20K
GENERAL SUPPORT
2020
TD CHARITABLE FOUNDATION
$10K
STRENGTHENING UNDERSERVED HARTFORD REGION SMALL BUSINESS PROGRAM
2020
FARMINGTON BANK COMMUNITY
$7K
SMALL BUSINESS DEVELOPMENT INSTITUTE: A COLLABORATION W/HEDCO, INC. & CHARTER OAK STATE COLLEGE
2020
TD CHARITABLE FOUNDATION
$5K
EMERGENCY ASSISTANCE TO STATE MWBES DURING THE COVID-19 PANDEMIC
2020
SAVINGS BANK OF DANBURY FOUNDATION INC
$2K
EXEMPT PURPOSES
2020
The Bank of America Charitable Foundation Inc
$15K
PROGRAM/OPERATING SUPPORT
2018
FARMINGTON BANK COMMUNITY
$7K
YEAR END GIFT
2018

Funded by

$671K from 12 funders · 25 grants · 2018–2024

Hartford Foundation For Public Giving

$369K · 3 grants · 2020–2023

The Bank of America Charitable Foundation Inc

$85K · 4 grants · 2018–2021

The Prudential Foundation

$75K · 1 grant · 2022

Farmington Bank Community

$44K · 5 grants · 2018–2023

Webster Bank Charitable Foundation

$30K · 3 grants · 2022–2024

Td Charitable Foundation

$30K · 3 grants · 2020–2021

Liberty Bank Foundation Inc

$15K · 1 grant · 2022

The Blackbaud Giving Fund

$10K · 1 grant · 2022

Details

EIN060919160
NTEE codeS30
Subsection03
Ruling date2001-09
Formed1975
Employees14
Volunteers18
HEDCO INC — Mission, Financials & Grants Received | Grantivo