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, 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
Open Grants
6 open opportunities from Hedco Inc
Connecticut Small Boost Fund
HEDCO INC
Amount
$5,000 - $500,000
Deadline
Rolling / Open
Connecticut Small Business Support Grant
HEDCO INC
Amount
Up to $30,000
Deadline
Rolling / Open
Hartford International Micro-Grant Program
HEDCO INC
Amount
Up to $10,000
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
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 |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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