Merrill G & Emita E Hastings
- Assets
- $1.7m
- Revenue
- $125.0k
- Investments
- $1.6m
- Employees
- 0
- Location
- Port Washington, NY
- Founding
- 06/1966
- Data as of
- 02/2023
- EIN
- 13-6203465
Organization Overview
Merrill G & Emita E Hastings is located in Port Washington, NY. The organization was established in 1966. 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. Merrill G & Emita E Hastings 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 02/2023, Merrill G & Emita E Hastings generated $125.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $319.1k during the year ending 02/2023. While expenses have increased by 6.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Haggerty Trustee | 20 | $7,921 | |
Lisa Peterfreund Trustee | 20 | $7,921 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,919 |
| Dividends & Interest | $122,071 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$24 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $124,966 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,842 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,351 |
| Total operating and administrative expenses | $126,795 |
| Contributions, gifts, grants paid | $192,340 |
| Total expenses and disbursements | $319,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,940 |
| Savings and temporary cash investments | $11,429 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,666,052 |
| 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, Merrill G & Emita E Hastings has awarded $2,200 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BEVERLY YMCA PURPOSE: COMMUNITY | $500 |
FARMS-PRIDE COMMUNITY ASSOC PURPOSE: COMMUNITY | $1,200 |
NORTH SHORE COMMUNITY BAPTIST CHURCH PURPOSE: RELIGIOUS | $500 |