Hap Foundation
- Assets
- $9.7m
- Revenue
- $752.9k
- Investments
- $9.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2010
- Data as of
- 12/2022
- EIN
- 27-1699379
Organization Overview
Hap Foundation is located in Wilmington, DE. The organization was established in 2010. 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. Hap 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, Hap Foundation generated $752.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $571.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT
UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ana Pincus Trustee | 1 | $0 | |
Henry A Pincus Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,758 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $566,375 |
| Capital Gain Net Income | $565,366 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $174,750 |
| Total Revenue | $752,883 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,781 |
| Printing and publications | $0 |
| Other expenses | $148,680 |
| Total operating and administrative expenses | $209,315 |
| Contributions, gifts, grants paid | $362,580 |
| Total expenses and disbursements | $571,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $719,806 |
| 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 | $8,974,373 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,694,179 |
| 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, Hap Foundation has awarded $362,580 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
EXHALE TO INHALE INC PURPOSE: ANNUAL GALA | $17,580 |
AMPLIFY VOICES PURPOSE: TO COVER THE SALARIES AND PROFESSIONAL FEES TO INITIATE & COMPLETE ALL "PHASE 1" ACTIVITIES FOR THE "BEYOND BREAST CANCER" PROJECT | $25,000 |
ON THE INSIDE PURPOSE: OVERHEAD COSTS | $20,000 |
SCHOOL OF LEADERSHIP-AFGHANISTAN INC PURPOSE: GENERAL & UNRESTRICTED | $300,000 |