Hey Friend Foundation Inc
Hey Friend Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Key facts about Hey Friend Foundation Inc
- EIN
- 83-2066616
- Latest 990 filing
- Form 990-PF, 2025
- Total assets
- $1,273,996
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.3M
+20.7% YoY
Revenue
$1.1M
+5.2% YoY
Qualifying Distributions
$797K
-11.4% YoY
Expenses
$831K
-11.5% YoY
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2025
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,273,996 | $1,055,638 | $969,247 |
| Revenue | $1,058,928 | $1,006,964 | $41,941 |
| Expenses | $831,307 | $939,387 | $949,076 |
| Qualifying Distributions | $797,290 | $899,550 | $907,071 |
| Net Investment Income | $215,720 | $34,564 | $39,554 |
| Distributable Amount | $40,363 | $28,573 | $54,887 |
Data update history
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
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
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).
What is Hey Friend Foundation Inc?
Hey Friend Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Red Bank, NJ. It holds $1.3M in total assets as of 2025.
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.
Here's the math on researching Hey Friend Foundation Inc by hand.
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