The Rondell B And Joyce P Hanson Foundation
- Assets
- $2.1m
- Revenue
- $283.4k
- Investments
- $2.0m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- Data as of
- 12/2023
- EIN
- 33-0757899
Organization Overview
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rondell B Hanson President | 2 | $0 | |
Joyce P Hanson Secretary | 1 | $0 | |
Name Not Listed Treasurer | 0.5 | $0 |
Financial Statements
| 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 |
Grants Awarded
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 |