The Hanafin Foundation Inc
- Assets
- $3.3m
- Revenue
- $77.7k
- Investments
- $3.2m
- Employees
- 0
- Location
- Annandale, NJ
- Founding
- 05/1994
- Data as of
- 12/2023
- EIN
- 22-3264870
Organization Overview
The Hanafin Foundation Inc is located in Annandale, NJ. The organization was established in 1994. 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. Hanafin 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 12/2023, Hanafin Foundation Inc generated $77.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $259.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hanafin Foundation Inc has awarded 57 individual grants totaling $1,763,709. 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 |
|---|---|---|---|
Chelsey F Hanafin Chairman Of The Board | 2 | $0 | |
Jeanette H Frey President | 2 | $0 | |
Danielle Whalen Vice President/secretary | 2 | $0 | |
Kay Chastonguay Vice President/treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $100,240 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22,548 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,692 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,174 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,313 |
| Total operating and administrative expenses | $53,645 |
| Contributions, gifts, grants paid | $205,672 |
| Total expenses and disbursements | $259,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,144 |
| 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 | $663,586 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,730 |
| Total assets | $3,251,057 |
| 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 Hanafin Foundation Inc has awarded $205,672 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
DIOCESE OF METUCHEN PURPOSE: ELIZABETH JOHANTGEN SCHOLARSHIP | $35,000 |
EQUI-KIDS PURPOSE: THERAPEUTIC RIDING PROGRAM | $10,672 |
DIOCESE OF METUCHEN PURPOSE: FOUNDATION FOR CATHOLIC EDUCATION | $30,000 |
LITTLE FLOWER PURPOSE: CATHERINE T GRIFFIN SCHOLARSHIP-TUITION ASSISTANCE FOR JUNIORS AND SENIORS OF SINGLE-PARENT FAMILIES | $50,000 |
NIROGA PURPOSE: DYNAMIC MINDFULNESS | $25,000 |
MOUNTAIN SUN PURPOSE: CAMPING GEAR EXPENSES FOR STUDENTS IN NEED | $15,000 |