Kevin J Hannaford Sr Foundation Inc
- Assets
- $244.0k
- Revenue
- $70.7k
- Investments
- $218.5k
- Employees
- 0
- Location
- Basking Ridge, NJ
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 34-1982414
Organization Overview
Kevin J Hannaford Sr Foundation Inc is located in Basking Ridge, NJ. The organization was established in 2003. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Kevin J Hannaford Sr 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 12/2021, Kevin J Hannaford Sr Foundation Inc generated $70.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $58.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kevin J Hannaford Sr Foundation Inc has awarded 63 individual grants totaling $148,900. 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
2021
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 |
|---|---|---|---|
Patrick D Mcginley Chairperson | 0 | $0 | |
Eileen A Hannaford President And Executive Di | 0 | $0 | |
Elizabeth Saraceno Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $51,699 |
| Interest on Savings | $1 |
| Dividends & Interest | $5,882 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,098 |
| Capital Gain Net Income | $13,098 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,680 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $112 |
| Depreciation | $0 |
| Occupancy | $12,040 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,924 |
| Total operating and administrative expenses | $41,326 |
| Contributions, gifts, grants paid | $17,500 |
| Total expenses and disbursements | $58,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,456 |
| 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 | $218,497 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $243,953 |
| 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, Kevin J Hannaford Sr Foundation Inc has awarded $17,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
KARSON HARCOURT PURPOSE: SCHOLARSHIP | $4,000 |
BRENDAN PIRO PURPOSE: SCHOLARSHIP | $2,000 |
PATRICK WHELAN PURPOSE: SCHOLARSHIP | $2,000 |
MAYA MASTRO PURPOSE: SCHOLARSHIP | $2,000 |
JESSICA SMITH PURPOSE: SCHOLARSHIP | $2,000 |
SOMERSET HILLS YMCA PURPOSE: SUPPORT GROUP | $1,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kevin J Hannaford Sr Foundation Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Fournier Family Foundation Inc Summit, NJ PURPOSE: CHARITABLE IRC 170 (C)(2) | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |
Meged Shomayim Airmont, NY | $573,750 | $8,461,954 |
Nli Usa Inc New York, NY | $11,341,396 | $10,639,057 |
Excellence Community Schools Inc Bronx, NY | $14,097,138 | $10,250,785 |
Futures In Education Brooklyn, NY | $11,663,497 | $8,970,011 |
National Center For Hebrew Language Charter School Excellence New York, NY | $4,301,333 | $7,260,290 |
Mastery Charter Schools Foundation Philadelphia, PA | $112,317,090 | $8,533,885 |
Research Collections And Preservation Consortium Inc Princeton, NJ | $56,454,726 | $4,069,858 |
Mccarton Foundation For Developmental Disabilities Inc Bronx, NY | $2,852,729 | $6,603,484 |
Prospect Schools Inc Brooklyn, NY | $3,261,917 | $6,213,918 |