Gift of the Heart Inc
Gift of the Heart Inc is a private foundation focused on Mental Health & Crisis Intervention, based in Ocala, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $20K in total assets. In 2024, it made $114K in qualifying distributions.
Gift of the Heart Inc at a glance
- Total assets
- $20,315
- +41.9% vs 2023
- Revenue (2024)
- $121,000
- +82.0% vs 2023
- Qualifying distributions (2024)
- $114,000
- Expenses (2024)
- $115,000
- +75.8% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Gift of the Heart Inc funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2021, annual grant giving ranged from $33K (2021) to $70K (2020). In 2021 it made 1 grant totaling $33K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Urban Counseling Ocala, FL | Mental Health Counseling | $33,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions |
|---|---|---|---|---|---|---|
| 2024 | $20,315 | $121,000 | $115,000 | — | — | $114,000 |
| 2023 | $14,315 | $66,500 | $65,425 | — | — | — |
| 2022 | $13,240 | $114,000 | $100,700 | — | — | — |
| 2021 | $940 | $33,500 | $34,075 | $33,000 | 1 | $33,000 |
| 2020 | $515 | $70,000 | $70,075 | $70,000 | 1 | — |
Leadership & Key People
Officers and directors from IRS filings
Gift of the Heart Inc is led by Lee Madsen, President on every filing since 2020; none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Lee Madsen
President
On filings since 2020
0.1 hrs/week
No compensation reported
Bj Walter
Manager
On filings since 2020
0.1 hrs/week
No compensation reported
David Alverez
Manager
On filings since 2020
0.1 hrs/week
No compensation reported
David Cooper
Treasurer
On filings since 2020
0.1 hrs/week
No compensation reported
Heather Drake
Secretary
On filings since 2020
0.3 hrs/week
No compensation reported
Joyce K. Urban
Advisor
Manager → Advisor, 2022
On filings since 2020
20 hrs/week
No compensation reported
Patricia Schenker
Vice President
On filings since 2020
0.1 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Gift of the Heart Inc
How large is Gift of the Heart Inc?
Gift of the Heart Inc reported $20K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $121K.
What is Gift of the Heart Inc?
Gift of the Heart Inc is a private foundation focused on Mental Health & Crisis Intervention, based in Ocala, FL. It holds $20K in total assets as of 2024.
Where does Gift of the Heart Inc operate?
Gift of the Heart Inc has awarded grants in Florida.
What is Gift of the Heart Inc's EIN?
Gift of the Heart Inc's EIN (Employer Identification Number) is 46-4209684. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Gift of the Heart Inc's focus areas in our free grants database
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Figures come from Gift of the Heart Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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