Hedco Inc
TO PROMOTE AND FURTHER THE ECONOMIC DEVELOPMENT OF SMALL BUSINESSES AND ORGANIZATIONS THROUGHOUT THE REGIONS OF THE STATE OF CONNECTICUT AND TO ENGAGE AND ASSIST IN THE ESTABLISHMENT, GROWTH AND DEVELOPMENT OF SMALL BUSINESSES WITHIN THE CITY OF HARTFORD, CONNECTICUT.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$34.5M
-3.1% YoY
Annual Giving
$929K
Grant Count
1
Avg Grant Size
$929K
About Hedco Inc
Based on IRS filings
Hedco Inc is a nonprofit organization focused on Economically disadvantaged people, based in HARTFORD, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $34.5M in total assets. In 2024, it awarded 1 grants totaling $929K. Net investment income was $239K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $34,515,828 | $35,604,811 | $31,561,156 |
| Revenue | $4,889,239 | $4,502,536 | $3,183,026 |
| Expenses | $5,695,740 | $3,152,945 | $3,590,996 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $239,485 | $51,066 | $30,534 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Spanish American Merchants Association ($929,467).
| Recipient | Purpose | Amount |
|---|---|---|
| SPANISH AMERICAN MERCHANTS ASSOCIATION HARTFORD, CT | PARTNER DISBURSEMENT RELATED TO DECD MINORITY SMALL BUSINESS PROGRAM | $929,467 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KIM HAWKINS | PRESIDENT & CEO | 40 | $242,493 |
| BARBARA RANDOLPH | CHAIRPERSON | 1 | — |
| ERIC M BAUER | VICE CHAIR | 1 | — |
| MARIANNE STOWELL | TREASURER | 1 | — |
| EDWARD J SAMORAJCZYK | SECRETARY | 1 | — |
| PAUL PERAKOS | ASST. SECRETARY | 1 | — |
| WAYNE BENJAMIN | ASST. TREASURER | 1 | — |
| JULIO MENDOZA | CHAIR, NOMINATING COMMITTE | 1 | — |
| ANA ALFARO | DIRECTOR | 1 | — |
| DANTE FAZZINA | DIRECTOR | 1 | — |
| MICHAEL CASPARINO | DIRECTOR | 1 | — |
| JEFF HUBBARD | DIRECTOR | 1 | — |
| SHEILA S HUMMEL | DIRECTOR | 1 | — |
| ANDREAS KAPETANOPOULOS | DIRECTOR | 1 | — |
| ALAN LAZOWSKI | DIRECTOR | 1 | — |
| PAULINE YODER | DIRECTOR | 1 | — |
| DAVID CABEZAS | DIRECTOR | 1 | — |
| ROBERT J KREUZER | DIRECTOR | 1 | — |
| YVONNE ZHAO | DIRECTOR | 1 | — |
| PATRICIA GERONIMO | CHIEF FINANCIAL OFFICER | 40 | $135,362 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hedco Inc?
Hedco Inc is a nonprofit organization focused on Economically disadvantaged people, based in HARTFORD, CT. It holds $34.5M in total assets as of 2024.
How large is Hedco Inc?
As of 2024, Hedco Inc holds $34.5M in total assets with $4.9M in annual revenue. It awarded 1 grants totaling $929K in 2024.
Where does Hedco Inc operate?
Hedco Inc has awarded grants in Connecticut.
What size grants does Hedco Inc award?
In 2024, Hedco Inc awarded 1 grants totaling $929K — an average of about $929K per grant, based on its IRS Form 990 filings.
What is Hedco Inc's EIN?
Hedco Inc's EIN (Employer Identification Number) is 06-0919160. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Hedco Inc's focus areas in our free grants database
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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