The Hartwell Foundation Corporation
- Assets
- $46.4m
- Revenue
- $5.3m
- Investments
- $45.7m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 05/1997
- Data as of
- 06/2022
- EIN
- 06-1468749
Organization Overview
The Hartwell Foundation Corporation is located in Memphis, TN. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartwell Foundation Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Hartwell Foundation Corporation has awarded 102 individual grants totaling $12,449,600. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HARTWELL FOUNDATION CORPORATION ("HARTWELL") GRANTS AWARDS TO INDIVIDUALS FOR INNOVATIVE AND CUTTING-EDGE BIOMEDICAL APPLIED RESEARCH THAT POTENTIALLY BENEFITS CHILDREN. HARTWELL HAS FULL TIME EMPLOYEES WHO MAINTAIN SIGNIFICANT INVOLVEMENT IN SELECTING, SCREENING, INVESTIGATING AND INTERVIEWING ALL NOMINATED RESEARCHERS AS PART OF THE SELECTION PROCESS. THEY REVIEW RESEARCH AND MEET AT LEAST QUARTERLY WITH RESEARCHERS BY VIDEO CONFERENCE AND BY TRAVELING TO THE PARTICIPATING INSTITUTIONS. THEY MANAGE, SUPERVISE AND DIRECT THE RESEARCH, MONITOR ITS PROGRESS AND KEEP THE RESEARCHERS ON COURSE. THE EMPLOYEES HAVE SPECIALIZED SKILLS, EXPERTISE AND INVOLVEMENT IN BIOMEDICAL RESEARCH. THERE IS AN ANNUAL MEETING IN WHICH RESULTS ARE PRESENTED AND SHARED.
AUTISM RESEARCH AND TECHNOLOGY INITIATIVE: THE HARTWELL FOUNDATION LAUNCHED AN AUTISM RESEARCH AND TECHNOLOGY INTIATIVE (IHART) TO EMPOWER THE GLOBAL SCIENTIFIC RESEARCH COMMUNITY WITH OPEN ACCESS TO A CENTRALIZED REPOSITORY OF AUTISM DATA WITH THE POTENTIAL TO BENEFIT CHILDREN. ACCESSED THROUGH THE INTERNET, THIS CLOUD-BASED COMPUTING AND TECHNOLOGY PLATFORM WILL ULTIMATELY DEPLOY STATE-OF-THE-ART COMPUTATIONAL TOOLS OF SYSTEMS BIOLOGY, MACHINE LEARNING AND INFERENCE ALGORITHMS TO INSPIRE USERS TO EXPLOIT THE FULL POTENTIAL OF AVAILABLE INFORMATION ABOUT AUTISM. THE INTIATIVE IS AIMED AT PROVIDING A COMPREHENSIVE SCIENTIFIC RESOURCE THAT WILL ENABLE COMPLEX QUERIES REGARDING THE KNOWN SPECTRUM OF AUTISM DISORDERS; INCLUDING, BUT NOT LIMITED TO: PHENOTYPES, GENOMICS, PROTEOMICS, METABOLOMICS, MEASUREMENTS AND IMAGING OF BRAIN ACTIVITY, BIOMAKER AND DIAGNOSTIC TEST RESULTS, TREATMENT PROTOCOLS AND PHYSICIAN NARRATIVES.
CHILD RESEARCH AWARDS AND EDUCATION: FUNDS ARE AWARDED TO RESEARCHERS THROUGH AN APPLICATION PROCESS. ONLY INDIVIDUALS NOMINATED BY PARTICIPATING INSTITUTIONS ARE CONSIDERED FOR FUNDING AND ONLY RESEARCH THAT HAS THE POTENTIAL TO BENEFIT CHILDREN IN THE USA IS CONSIDERED. FUNDED RESEARCHERS ARE ENCOURAGED TO PUBLISH RESEARCH FINDINGS OPENLY AND DISSEMINATE RESULTS TO OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry H Smead Chairman/ceo | 30 | $0 | |
Fred Dombrose President | 40 | $173,881 | |
Robert L Wolfert VP | 40 | $157,500 | |
Stacey Morse Officer | 40 | $157,500 | |
Heather Houser Assistant Se | 40 | $88,275 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,878,586 |
| Interest on Savings | $42,042 |
| Dividends & Interest | $190,114 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,684,083 |
| Capital Gain Net Income | $2,684,083 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $461,873 |
| Total Revenue | $5,256,698 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $577,156 |
| Other employee salaries and wages | $284,019 |
| Pension plans, employee benefits | $247,153 |
| Interest | $308 |
| Taxes | $88,318 |
| Depreciation | $0 |
| Occupancy | $79,242 |
| Travel, conferences, and meetings | $36,710 |
| Printing and publications | $0 |
| Other expenses | $3,557,779 |
| Total operating and administrative expenses | $5,117,764 |
| Contributions, gifts, grants paid | $1,948,680 |
| Total expenses and disbursements | $7,066,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $741,970 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $44,424,502 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $46,392,645 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Hartwell Foundation Corporation has awarded $1,948,680 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CORNELL UNIVERSITY PURPOSE: 2020 FELLOWSHIP | $50,000 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: 2019 & 2020 FELLOWSHIP | $100,000 |
DREXEL UNIVERSITY PURPOSE: 2020 FELLOWSHIP | $100,000 |
DUKE UNIVERSITY PURPOSE: 2019 & 2020 FELLOWSHIP | $100,000 |
NORTHWESTERN UNIVERSITY PURPOSE: 2019 & 2020 FELLOWSHIP | $100,000 |
REGENTS OF UNIVERSITY OF CA PURPOSE: 2019 & 2020 FELLOWSHIP | $200,000 |