Richard And Mica Hadar Foundation Inc
- Assets
- $2.8m
- Revenue
- $957.0k
- Investments
- $2.4m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 13-3721350
Organization Overview
Richard And Mica Hadar Foundation Inc is located in Boston, MA. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richard And Mica Hadar 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, Richard And Mica Hadar Foundation Inc generated $957.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Richard And Mica Hadar Foundation Inc has awarded 114 individual grants totaling $2,154,970. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTORING PROGRAM AND SCHOLARSHIP FUNDING TO INDIVIDUALS AND RECOGNIZED INSTITUTIONS FOR ADVANCED EDUCATION IN THE CREATIVE ARTS.THE NUMBER OF INSTITUTIONS INCLUDED IS 2.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Feminella Director | 10 | $32,500 | |
Mica B Hadar Director | 5 | $6,667 | |
Richard Hadar President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $215,274 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $739,186 |
| Capital Gain Net Income | $739,186 |
| Net ST Capital Gain | $58,825 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,490 |
| Total Revenue | $956,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,167 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,268 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,678 |
| Total operating and administrative expenses | $68,748 |
| Contributions, gifts, grants paid | $1,222,500 |
| Total expenses and disbursements | $1,291,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $423,373 |
| Savings and temporary cash investments | $0 |
| 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 | $2,400,433 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $23,929 |
| Total assets | $2,847,735 |
| 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, Richard And Mica Hadar Foundation Inc has awarded $1,222,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WEIZMANN INSTITUTE OF SCIENCE PURPOSE: CONTRIBUTION | $1,200,000 |
STELLA HOPE FUND PURPOSE: CONTRIBUTION | $10,000 |
Providence, RI PURPOSE: SCHOLARSHIP | $7,500 |
AMEHERST COLLEGE PURPOSE: SCHOLARSHIP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |