Hannon Family Foundation Inc
- Assets
- $99.0k
- Revenue
- $1.2k
- Investments
- $87.9k
- Employees
- 0
- Location
- Union, NJ
- Founding
- 09/2005
- Data as of
- 12/2022
- EIN
- 20-2281795
Organization Overview
Hannon Family Foundation Inc is located in Union, NJ. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Hannon Family 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 12/2022, Hannon Family Foundation Inc generated $1.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $6.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald B Hannon President | 2 | $0 | |
Donald B Hannon III Treasurer | 2 | $0 | |
Justin Hannon Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,173 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56 |
| Capital Gain Net Income | $56 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,229 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $112 |
| Total operating and administrative expenses | $130 |
| Contributions, gifts, grants paid | $6,763 |
| Total expenses and disbursements | $6,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,129 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $99,021 |
| 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 | $8,000 |
| Total liabilities | $8,000 |
Grants Awarded
Over the last fiscal year, Hannon Family Foundation Inc has awarded $7,700 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER NEWARK HOLIDAY FUND PURPOSE: MAKING THE HOLIDAYS BRIGHTER FOR THE NEIGHBORS IN NORTHERN NEW JERSEY WHO NEED IT THE MOST. | $500 |
COMMUNITY FOOD BANK OF NJ PURPOSE: FIGHTING HUNGER AND POVERTY IN NEW JERSEY BY ASSISTING THOSE IN NEED AND SEEKING LONG-TERM SOLUTIONS. | $6,000 |
MARKET STREET MISSION PURPOSE: MINISTER TO THE HOMELESS, HELPLESS, AND HOPELESS IN NORTHERN NJ BY MEETING THEIR PHYSICAL, EMOTIONAL, AND SPIRITUAL NEEDS THROUGH A STRUCTURED PROGRAM WHICH ENABLES THEM TO LEAD RESPONSIBLE, PRODUCTIVE LIVES. | $500 |
SAINT THERESA CHURCH PURPOSE: FOR RELIGIOUS, MEDICAL, EDUCATIONAL OR OTHER CHARITABLE | $500 |
THE SALVATION ARMY PURPOSE: TO PREACH THE GOSPEL OF JESUS CHRIST AND TO MEET HUMAN NEEDS IN HIS NAME WITHOUT DISCRIMINATION. | $200 |