The Rondell B And Joyce P Hanson Foundation is located in Newport Beach, CA. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rondell B And Joyce P Hanson 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 12/2023, Rondell B And Joyce P Hanson Foundation generated $283.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 33.0% each year . All expenses for the organization totaled $202.0k during the year ending 12/2023. While expenses have increased by 8.4% per year over the past 5 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, Rondell B And Joyce P Hanson Foundation has awarded 80 individual grants totaling $644,408. 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
EDUCATION
MEDICAL
HOUSING
WLFARE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rondell B Hanson President | 2 | $0 | |
Joyce P Hanson Secretary | 1 | $0 | |
Name Not Listed Treasurer | 0.5 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $25,000 |
Interest on Savings | $371 |
Dividends & Interest | $58,077 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $199,948 |
Capital Gain Net Income | $199,948 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $283,396 |
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 | $0 |
Total operating and administrative expenses | $18,374 |
Contributions, gifts, grants paid | $183,600 |
Total expenses and disbursements | $201,974 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $125,616 |
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 | $2,100,072 |
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 |
Over the last fiscal year, The Rondell B And Joyce P Hanson Foundation has awarded $183,600 in support to 27 organizations.
Grant Recipient | Amount |
---|---|
DARIO PORTACARRERO PURPOSE: SCHOLARSHIP | $10,300 |
JUAN DAVILLA PURPOSE: SCHOLARSHIP | $4,000 |
JONATHAN VARGAS PURPOSE: SCHOLARSHIP | $4,000 |
DAVID PORTOCARRERO PURPOSE: SCHOLARSHIP | $10,300 |
ARTHRITIS FOUNDATION PURPOSE: GRANT | $1,000 |
PHIANTHROPIES PURPOSE: EDUCATION GRANT | $50,000 |