Bill Hannon Foundation
- Assets
- $2.9m
- Revenue
- $426.9k
- Investments
- $2.2m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/1999
- Data as of
- 09/2024
- EIN
- 31-1663038
Organization Overview
Bill Hannon Foundation is located in Los Angeles, CA. The organization was established in 1999. According to its NTEE Classification (T30) the organization is classified as: Public 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. Bill Hannon 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 09/2024, Bill Hannon Foundation generated $426.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (33.6%) each year. All expenses for the organization totaled $7.6m during the year ending 09/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Ewen President | 40 | $214,375 | |
Christine Sisley Director | 10 | $41,900 | |
Maria Roman Executive Assistant | 30 | $41,900 | |
Ann Mcelaney Director | 5 | $26,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,946 |
| Dividends & Interest | $132,635 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $290,285 |
| Capital Gain Net Income | $290,285 |
| Net ST Capital Gain | $59,739 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $426,866 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $282,275 |
| Other employee salaries and wages | $116,400 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,008 |
| Depreciation | $0 |
| Occupancy | $115,290 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $143,447 |
| Total operating and administrative expenses | $686,135 |
| Contributions, gifts, grants paid | $6,959,220 |
| Total expenses and disbursements | $7,645,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,646 |
| Savings and temporary cash investments | $631,132 |
| 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 | $2,935,344 |
| 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 |