Hartsprings Foundation Inc
- Assets
- $399.5k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 27
- Location
- West Springfield, MA
- Founding
- 02/1998
- Data as of
- 12/2021
- EIN
- 04-3378672
Organization Overview
Hartsprings Foundation Inc is located in West Springfield, MA. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Hartsprings Foundation Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartsprings Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Hartsprings Foundation Inc generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hartsprings Foundation Inc has awarded 17 individual grants totaling $1,728,549. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO RAISE FUNDS FOR BIG BROTHERS BIG SISTERS ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION COLLECTED AND DELIVERED OVER 100,000 CUBIC FEET OF DONATED CLOTHING AND HOUSEHOLD ITEMS TO ITS CONTRACTED CARRIER. THE FOUNDATION THEN DISTRIBUTED $259,750 TO THE BIG BROTHERS BIG SISTERS OF HAMPDEN COUNTY, INC.(MA), NUTMEG BIG BROTHERS BIG SISTERS, INC. (CT), BIG BROTHERS BIG SISTERS OF CENTRAL MASS/METROWEST, INC. (MA), BIG BROTHERS BIG SISTERS OF FRANKLIN COUNTY, INC. (MA), BIG BROTHERS BIG SISTERS OF BERKSHIRE COUNTY, INC. (MA), AND BIG BROTHERS BIG SISTERS OF SOUTHWESTERN CONNECTICUT, INC. (CT).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Parkinson Operations Manager | Officer | 40 | $69,682 |
David Beturne Secretary | OfficerTrustee | 4 | $11,231 |
John Pappas Member | Trustee | 1 | $0 |
Louis Scungio Member | Trustee | 1 | $0 |
Donna Wexler Member | Trustee | 1 | $0 |
Eric Devine Treasurer | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mercury Mail Services Direct Mailing | 12/30/15 | $236,399 |
Andrew Associates Inc Direct Mailing | 12/30/15 | $502,129 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $121,887 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,964,424 |
| Noncash contributions included in lines 1a–1f | $2,086,311 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,086,311 |
| Total Program Service Revenue | $0 |
| Investment income | $448 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,108,200 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $259,750 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,913 |
| Compensation of current officers, directors, key employees. | $17,231 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $504,224 |
| Pension plan accruals and contributions | $5,585 |
| Other employee benefits | $28,597 |
| Payroll taxes | $58,558 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,273 |
| Fees for services: Accounting | $5,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,812 |
| Advertising and promotion | $59,931 |
| Office expenses | $166,491 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,606 |
| Travel | $1,173 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $713 |
| Insurance | $44,914 |
| All other expenses | $0 |
| Total functional expenses | $2,032,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,671 |
| Savings and temporary cash investments | $292,282 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,584 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $36,470 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $18,533 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $399,540 |
| Accounts payable and accrued expenses | $24,716 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,716 |
| Net assets without donor restrictions | $374,824 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $399,540 |
Grants Awarded
Over the last fiscal year, Hartsprings Foundation Inc has awarded $236,378 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
West Springfield, MA PURPOSE: SUPPORT OF BIG BROTHERS BIG SISTERS ORGANIZATION. | $157,035 |
Hartford, CT PURPOSE: SUPPORT OF BIG BROTHERS BIG SISTERS ORGANIZATION. | $48,100 |
Worcester, MA PURPOSE: SUPPORT OF BIG BROTHERS BIG SISTERS ORGANIZATION. | $31,243 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hartsprings Foundation Inc has recieved totaling $71,948.
| Awarding Organization | Amount |
|---|---|
World-Wide Lighthouse Missions Inc Manchester, CT PURPOSE: Assist Needy Families | $35,974 |
World-Wide Lighthouse Missions Inc Manchester, CT PURPOSE: Assist Needy Families | $35,974 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |
Student Leadership Network Inc New York, NY | $11,626,545 | $12,224,104 |
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |
New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |