Hartnett Family Foundation Inc
- Assets
- $826.6k
- Revenue
- $154.5k
- Investments
- $761.5k
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 01/1997
- Data as of
- 11/2023
- EIN
- 31-1489727
Organization Overview
Hartnett Family Foundation Inc is located in Morristown, NJ. The organization was established in 1997. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartnett 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 11/2023, Hartnett Family Foundation Inc generated $154.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $153.1k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hartnett Family Foundation Inc has awarded 128 individual grants totaling $586,200. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward M Hartnett President/trustee | 0 | $0 | |
Mary K Hartnett Secretary/treasurer/ttee | 0 | $0 | |
John F Hartnett Trustee | 0 | $0 | |
Kathleen A Jacobs Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $143 |
| Dividends & Interest | $93,743 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $60,587 |
| Capital Gain Net Income | $70,421 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $154,473 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,976 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $237 |
| Total operating and administrative expenses | $8,113 |
| Contributions, gifts, grants paid | $145,000 |
| Total expenses and disbursements | $153,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $65,028 |
| 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 | $826,574 |
| 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, Hartnett Family Foundation Inc has awarded $145,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
ASSUMPTION COLLEGE FOR SISTERS PURPOSE: GENERAL SUPPORT | $5,000 |
CAFRICO INC PURPOSE: GENERAL SUPPORT | $2,000 |
CATHOLIC CHARITIES OF THE DIOCESE OF METUCHEN PURPOSE: GENERAL SUPPORT | $10,000 |
CATHOLIC RELIEF SERVICES PURPOSE: GENERAL SUPPORT | $5,000 |
COVENANT HOUSE NJ PURPOSE: GENERAL SUPPORT | $3,000 |
DIOCESE OF METUCHEN PURPOSE: GENERAL SUPPORT | $18,000 |