Pete M Hanna Charitable Foundation
- Assets
- $1.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Hoover, AL
- Founding
- 05/2011
- Data as of
- 12/2022
- EIN
- 27-4342216
Organization Overview
Pete M Hanna Charitable Foundation is located in Hoover, AL. The organization was established in 2011. 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. Pete M Hanna Charitable 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, Pete M Hanna Charitable Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $846.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Pete M Hanna Charitable Foundation has awarded 342 individual grants totaling $9,946,758. 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 |
|---|---|---|---|
Pete M Hanna President/director | 8 | $0 | |
Jerry D Kimbrough Treasurer/director | 0 | $0 | |
Randall S Raiford Assistant Secretary | 0 | $0 | |
James Marshall Akins Vice President | 0 | $0 | |
John R Simpson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,501,560 |
| Interest on Savings | $41 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,501,601 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $344 |
| Total operating and administrative expenses | $3,544 |
| Contributions, gifts, grants paid | $843,357 |
| Total expenses and disbursements | $846,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,017,431 |
| 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 | $1,017,431 |
| 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, Pete M Hanna Charitable Foundation has awarded $843,357 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA HERITAGE PURPOSE: FUNDING OF SCHOLARSHIPS | $10,000 |
ALABAMA SHERIFF'S YOUTH RANCHES INC PURPOSE: SUPPORT OF PROGRAMS | $1,000 |
BANKS ACADEMY PURPOSE: FUNDING OF SCHOLARSHIPS | $10,000 |
ALABAMA WILDLIFE CENTER PURPOSE: SUPPORT OF PROGRAMS | $5,000 |
BARBER VINTAGE MOTORSPORTS MUSEUM PURPOSE: SUPPORT OF PROGRAMS | $15,000 |
BIRMINGHAM THEOLOGICAL SEMINARY PURPOSE: SUPPORT OF PROGRAMS | $300 |