Hey Friend Foundation Inc

Foundation · Grantmaker Red Bank, NJ EIN: 83-2066616

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

1state

States

Cities

Cream Ridge

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K0 grants20201 grants20210 grants20220 grants20230 grants20240 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2025

Grant Size Distribution

1 grants across all recorded years

1<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M202020212022202320242025
Metric202520242023
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

  1. Updated Form 990-PF for fiscal year 2022 (received by the IRS October 22, 2025)
  2. Updated Form 990-PF for fiscal year 2023 (received by the IRS October 22, 2025)
  3. Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
  4. 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

Vyolet Kachisin — Secretary/Treasurer: $13KVyolet KachisinSecretary/Treasurer$13K

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.

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