Hedberg Foundation Inc

Lake Forest, IL
Tax-exempt since Jan. 1991
EIN: 39-1684914

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This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Revenue

$534k (2024)

Expenses

$8.32M (2024)

Total Assets

$0 (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$533,578

Expenses

$8,322,772

Net Income

-$7,789,194

Net Assets

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$73,926	13.9%
Interest Revenue	$0
Dividends	$280,577	52.6%
Sales of Assets	$179,075	33.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,277,600	99.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$0
Total Liabilities	$0
Net Assets	$0

Compensation

Key Employees and Officers	Compensation	Other
Carla H Westcott (President/Director)	$0	$0
Peggy Hedberg (Vice President/Director)	$0	$0
Lara Deam (Treasurer/Secretary/Director)	$0	$0

990-PF

Filed on May 2, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$349,332

Expenses

$490,544

Net Income

-$141,212

Net Assets

$6,117,110

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$231,211	66.2%
Sales of Assets	$118,121	33.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$451,475	92.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,117,110
Total Liabilities	$0
Net Assets	$6,117,110

Compensation

Key Employees and Officers	Compensation	Other
Carla H Westcott (President/Director)	$0	$0
Peggy Hedberg (Vice President/Director)	$0	$0
Lara Deam (Treasurer/Secretary/Director)	$0	$0

990-PF

Filed on Sept. 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$894,252

Expenses

$491,191

Net Income

$403,061

Net Assets

$6,259,135

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$653,334	73.1%
Interest Revenue	$1	0.0%
Dividends	$224,225	25.1%
Sales of Assets	$6,973	0.8%
Other Income	$9,719	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$452,900	92.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,259,135
Total Liabilities	$0
Net Assets	$6,259,135

Compensation

Key Employees and Officers	Compensation	Other
Carla H Westcott (President/Director)	$0	$0
Peggy Hedberg (Vice President/Director)	$0	$0
Lara Deam (Treasurer/Secretary/Director)	$0	$0

990-PF

Filed on March 24, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$498,597

Expenses

$437,046

Net Income

$61,551

Net Assets

$6,038,017

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$72,618	14.6%
Interest Revenue	$9	0.0%
Dividends	$205,904	41.3%
Sales of Assets	$220,066	44.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$399,133	91.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,038,017
Total Liabilities	$0
Net Assets	$6,038,017

Compensation

Key Employees and Officers	Compensation	Other
Carla H Westcott (President/Director)	$0	$0
Peggy Hedberg (Vice President/Director)	$0	$0
Lara Deam (Treasurer/Secretary/Director)	$0	$0
Donald D Hedberg (Director)	$0	$0

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990-PF

Filed on March 18, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$72,261

Expenses

$472,388

Net Income

-$400,127

Net Assets

$5,976,465

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$194,151	> 100%
Sales of Assets	$0
Other Income	$71,150	98.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$422,249	89.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,976,466
Total Liabilities	$1
Net Assets	$5,976,465

Compensation

Key Employees and Officers	Compensation	Other
Carla H Westcott (President/Director)	$0	$0
Donald D Hedberg (Vice President/Director)	$0	$0
Peggy Hedberg (Officer/Director)	$0	$0
Lara Deam (Officer/Director)	$0	$0

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990-PF

Filed on May 17, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$3,508,692

Expenses

$210,183

Net Income

$3,298,509

Net Assets

$6,376,467

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,005,855	85.7%
Interest Revenue	$0
Dividends	$143,976	4.1%
Sales of Assets	$139,011	4.0%
Other Income	$219,850	6.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$178,900	85.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,376,468
Total Liabilities	$1
Net Assets	$6,376,467

Compensation

Key Employees and Officers	Compensation	Other
Carla H Westcott (President/Director)	$0	$0
Donald D Hedberg (Vice President/Director)	$0	$0
Peggy Hedberg (Officer/Director)	$0	$0
Lara Deam (Officer/Director)	$0	$0

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990-PF

Filed on July 1, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$258,223

Expenses

$151,676

Net Income

$106,547

Net Assets

$3,154,768

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,231	1.6%
Dividends	$64,208	24.9%
Sales of Assets	$77,645	30.1%
Other Income	$112,139	43.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$148,000	97.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,154,768
Total Liabilities	$0
Net Assets	$3,154,768

Compensation

Key Employees and Officers	Compensation	Other
Carla H Westcott (President/Director)	$0	$0
Donald D Hedberg (Vice President/Director)	$0	$0
Peggy Hedberg (Officer/Director)	$0	$0
Lara Deam (Officer/Director)	$0	$0

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990-PF

Filed on Nov. 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$286,171

Expenses

$171,800

Net Income

$114,371

Net Assets

$3,048,221

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,045	1.1%
Dividends	$40,948	14.3%
Sales of Assets	$46,188	16.1%
Other Income	$195,990	68.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$160,528	93.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,048,221
Total Liabilities	$0
Net Assets	$3,048,221

Compensation

Key Employees and Officers	Compensation	Other
Carla H Westcott (President/Director)	$0	$0
Donald D Hedberg (Vice President/Director)	$0	$0
Peggy Hedberg (Officer/Director)	$0	$0
Lara Deam (Officer/Director)	$0	$0

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990-PF

Filed on Oct. 10, 2018

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2016

Revenue

$67,643

Expenses

$176,626

Net Income

-$108,983

Net Assets

$2,933,850

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6,304	9.3%
Dividends	$67,448	99.7%
Sales of Assets	-$6,156
Other Income	$47	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$160,918	91.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,933,850
Total Liabilities	$0
Net Assets	$2,933,850

Compensation

Key Employees and Officers	Compensation	Other
Carla H Westcott (President/Director)	$0	$0
Donald D Hedberg (Vice President/Director)	$0	$0
Peggy Hedberg (Officer/Director)	$0	$0
Lara Deam (Officer/Director)	$0	$0

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990-PF

Filed on Sept. 13, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$77,308

Expenses

$178,809

Net Income

-$101,501

Net Assets

$3,042,833

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6,558	8.5%
Dividends	$82,228	> 100%
Sales of Assets	-$19,848
Other Income	$8,370	10.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$160,600	89.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,042,833
Total Liabilities	$0
Net Assets	$3,042,833

Compensation

Key Employees and Officers	Compensation	Other
Carla H Westcott (President/Director)	$0	$0
Donald D Hedberg (Vice President/Director)	$0	$0
Peggy Hedberg (Officer/Director)	$0	$0
Lara Deam (Officer/Director)	$0	$0

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990-PF

Filed on Aug. 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$678,396

Expenses

$191,102

Net Income

$487,294

Net Assets

$3,144,334

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$500,000	73.7%
Interest Revenue	$6,529	1.0%
Dividends	$83,273	12.3%
Sales of Assets	$88,594	13.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$170,091	89.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,144,334
Total Liabilities	$0
Net Assets	$3,144,334

Compensation

Key Employees and Officers	Compensation	Other
Carla H Westcott (President/Director)	$0	$0
Donald D Hedberg (Vice President/Director)	$0	$0
Peggy Hedberg (Officer/Director)	$0	$0
Lara Deam (Officer/Director)	$0	$0

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990-PF

Filed on May 15, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$635,845

Expenses

$174,110

Net Income

$461,735

Net Assets

$2,657,040

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,671	0.7%
Dividends	$91,287	14.4%
Sales of Assets	$539,887	84.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$157,987	90.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,657,040
Total Liabilities	$0
Net Assets	$2,657,040

Compensation

Key Employees and Officers	Compensation	Other
Carla H Westcott (President/Director)	$0	$0
Donald D Hedberg (Vice President/Director)	$0	$0
Peggy Hedberg (Officer/Director)	$0	$0
Lara Deam (Officer/Director)	$0	$0

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990-PF

Filed on Sept. 10, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$125,860

Expenses

$135,475

Net Income

-$9,615

Net Assets

$2,195,304

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$67,949	54.0%
Sales of Assets	$57,911	46.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$119,462	88.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,195,305
Total Liabilities	$1
Net Assets	$2,195,304

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$136,704

Expenses

$87,190

Net Income

$49,514

Net Assets

$2,204,919

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$76,333	55.8%
Sales of Assets	$60,371	44.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$70,462	80.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,204,920
Total Liabilities	$1
Net Assets	$2,204,919

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated June 30, 2025

Hedberg Foundation Inc

Organization summary

Organization summary might be incomplete or out of date

Type of Nonprofit

Summary charts: organization finances over time

Revenue $534k (2024)

Expenses $8.32M (2024)

Total Assets $0 (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Revenue

$534k (2024)

Expenses

$8.32M (2024)

Total Assets

$0 (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2023

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2022

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Fiscal Year Ending Dec.
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