Hey Friend Foundation Inc
Hey Friend Foundation Inc is a private foundation, based in Red Bank, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.3M in total assets. In 2025, it made $797K in qualifying distributions. Net investment income was $216K.
Hey Friend Foundation Inc at a glance
- Total assets
- $1,273,996
- +20.7% vs 2024
- Revenue (2025)
- $1,058,928
- +5.2% vs 2024
- Qualifying distributions (2025)
- $797,290
- -11.4% vs 2024
- Expenses (2025)
- $831,307
- -11.5% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Hey Friend Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Hey Friend Foundation Inc gives
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2021 it made 1 grant totaling $11K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Standardbred Retirement Foundation Cream Ridge, NJ | To further the exempt purpose of the charitable organization. | $10,825 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,273,996 | $1,058,928 | $831,307 | — | — | $797,290 | $215,720 | $40,363 |
| 2024 | $1,055,638 | $1,006,964 | $939,387 | — | — | $899,550 | $34,564 | $28,573 |
| 2023 | $969,247 | $41,941 | $949,076 | — | — | $907,071 | $39,554 | $54,887 |
| 2022 | $1,886,115 | $2,458,750 | $1,047,191 | — | — | $994,464 | $485,387 | $7,606 |
| 2021 | $471,564 | $800,000 | $791,858 | $10,825 | 1 | $726,592 | — | $4,958 |
| 2020 | $456,171 | $800,000 | $738,134 | — | — | — | — | $4,249 |
Under IRS private-foundation payout rules, Hey Friend Foundation Inc reported a distributable amount of $40K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Hey Friend Foundation Inc is led by Tracey Stewart, Board Chair & President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Tracey Stewart
Board Chair & President
On filings since 2020
25 hrs/week
No compensation reported
Dorr Begnal
Board Trustee
On filings since 2020
5 hrs/week
No compensation reported
Jon Stewart
Board Trustee
On filings since 2020
15 hrs/week
No compensation reported
Vyolet Kachisin
Secretary & Treasurer
On filings since 2020
25 hrs/week
$16K (2020) → $0 (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $13K, to Vyolet Kachisin (Secretary/Treasurer).
Frequently asked questions about Hey Friend Foundation Inc
How large is Hey Friend Foundation Inc?
Hey Friend Foundation Inc reported $1.3M in total assets on its 2025 IRS Form 990-PF. It paid out $797K in qualifying distributions that year, against a required minimum of $40K (roughly 5% of its investment assets).
Where does Hey Friend Foundation Inc operate?
Hey Friend Foundation Inc has awarded grants in New Jersey.
What is Hey Friend Foundation Inc's EIN?
Hey Friend Foundation Inc's EIN (Employer Identification Number) is 83-2066616. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 22, 2025)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 22, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Hey Friend Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Hey Friend Foundation Inc's focus areas in our free grants database
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Figures come from Hey Friend Foundation 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.
Hey Friend Foundation Inc down — hundreds of funders to go?