Hageman Foundation Of Hope
- Assets
- $7.5m
- Revenue
- $3.3m
- Investments
- $7.3m
- Employees
- 0
- Location
- Monticello, MN
- Founding
- 01/2006
- Data as of
- 12/2021
- EIN
- 20-1700412
Organization Overview
Hageman Foundation Of Hope is located in Monticello, MN. The organization was established in 2006. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Hageman Foundation Of Hope 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, Hageman Foundation Of Hope generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 36.6% each year . All expenses for the organization totaled $815.1k during the year ending 12/2021. While expenses have increased by 34.7% per year over the past 4 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.
Since 2020, Hageman Foundation Of Hope has awarded 59 individual grants totaling $1,159,348. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Hageman President, Director | 1 | $0 | |
Colleen Hageman Director | 0.25 | $0 | |
Michael Hageman Vice President, Director | 0.25 | $0 | |
Stacy K O Hageman Treasurer/secretary, Director | 0.25 | $0 | |
Tiani K Hageman Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,214,448 |
| Interest on Savings | $0 |
| Dividends & Interest | $296,644 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $742,478 |
| Capital Gain Net Income | $742,478 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,821 |
| Total Revenue | $3,255,391 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,739 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37 |
| Total operating and administrative expenses | $94,414 |
| Contributions, gifts, grants paid | $720,700 |
| Total expenses and disbursements | $815,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $173,815 |
| 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 | $1,807,467 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $21,538 |
| Total assets | $7,491,032 |
| 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, Hageman Foundation Of Hope has awarded $720,700 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY PURPOSE: GENERAL CHARITABLE PURPOSES | $96,000 |
Minneapolis, MN PURPOSE: GENERAL CHARITABLE PURPOSES | $75,000 |
MN ADULTTEEN CHALLENGE PURPOSE: GENERAL CHARITABLE PURPOSES | $74,000 |
ST FRANCIS XAVIER CHURCH PURPOSE: GENERAL CHARITABLE PURPOSES | $56,150 |
Corcoran, MN PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
BUFFALO FOOD SHELF PURPOSE: GENERAL CHARITABLE PURPOSES | $46,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI | $57,056,595 | $64,052,238 |
Greater Twin Cities United Way Minneapolis, MN | $131,397,199 | $56,166,906 |
Aurora Health Care Foundation Inc Milwaukee, WI | $332,167,553 | $7,899,285 |
United Way Of Central Iowa Des Moines, IA | $37,480,917 | $26,442,012 |
Minneapolis Jewish Federation Minneapolis, MN | $195,630,681 | $22,381,825 |
Milwaukee Jewish Federation Inc Milwaukee, WI | $275,238,952 | $33,191,987 |
United Way Of Dane County Inc Madison, WI | $25,467,311 | $22,528,941 |
Marquardt Home And Community Based Services Inc Watertown, WI | $9,140,172 | $14,598,397 |
Best Buy Foundation Richfield, MN | $56,998,788 | $22,106,255 |
United Way Fox Cities Inc Menasha, WI | $16,186,120 | $10,302,524 |
Sioux Empire United Way Inc Sioux Falls, SD | $14,046,411 | $8,857,048 |
New Harmony Care Center Inc Edina, MN | $17,674,874 | $11,846,414 |