Hanson Family Foundation
- Assets
- $2.9m
- Revenue
- $239.3k
- Investments
- $2.8m
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 04/2008
- Data as of
- 12/2022
- EIN
- 25-6912093
Organization Overview
Hanson Family Foundation is located in La Jolla, CA. The organization was established in 2008. 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. Hanson Family Foundation 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, Hanson Family Foundation generated $239.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $322.1k during the year ending 12/2022. While expenses have increased by 6.4% 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, Hanson Family Foundation has awarded 35 individual grants totaling $846,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE. THE TRUSTEES SHALL USE THEIR BEST EFFORTS TO UTILIZE THE TRUST FUNDS TO PROMOTE TRADITIONAL AND CONSERVATIVE VALUES IN SUPPORTING MUSIC, THE ARTS, EDUCATION, PUBLIC POLICY RESEARCH AND DEVELOPMENT THAT SPECIFICALLY QUALIFIES AS A CHARITABLE PURPOSE, COMMUNITY DEVELOPMENT, AND HEALTH RELATED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Nils Hanson Trustee | 2 | $0 | |
Stephanie M Hanson Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,646 |
| Interest on Savings | $2,376 |
| Dividends & Interest | $183,209 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,052 |
| Capital Gain Net Income | $30,052 |
| Net ST Capital Gain | $3 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $239,283 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,033 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $262 |
| Total operating and administrative expenses | $10,120 |
| Contributions, gifts, grants paid | $312,000 |
| Total expenses and disbursements | $322,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $107,080 |
| 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 | $189,695 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $798 |
| Total assets | $2,903,303 |
| 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, Hanson Family Foundation has awarded $312,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
THE LEADERSHIP INSTITUTE PURPOSE: PROMOTE LEADERSHIP THROUGH EDUCATION. | $60,000 |
THE HERITAGE FOUNDATION PURPOSE: PROMOTE RESEARCH AND LEADERSHIP THROUGH EDUCATION. | $152,000 |
MEDIA RESEARCH CENTER PURPOSE: PROMOTE RESEARCH AND LEADERSHIP THROUGH EDUCATION. | $25,000 |
FREEDOM ALLIANCE PURPOSE: SUPPORT OF INJURED TROOPS. | $5,000 |
HILLSDALE COLLEGE PURPOSE: PROMOTE RESEARCH AND LEADERSHIP THROUGH EDUCATION. | $10,000 |
SAN DIEGO ARMED SERVICES YMCA PURPOSE: SUPPORT OF ACTIVE MILITARY FAMILIES. | $10,000 |