The Hap Foundation Inc
- Assets
- $6.8m
- Revenue
- $647.3k
- Investments
- $0.0
- Employees
- 14
- Location
- Oakbrook Terrace, IL
- Founding
- 08/1997
- Data as of
- 12/2022
- EIN
- 36-3820916
Organization Overview
The Hap Foundation Inc is located in Oakbrook Terrace, IL. The organization was established in 1997. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2022, Hap Foundation Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hap 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 12/2022, Hap Foundation Inc generated $647.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.8%) each year. All expenses for the organization totaled $13.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE HAP FOUNDATION IS IMPROVING CARE FOR THE SERIOUSLY ILL AND THEIR FAMILIES BY LEADING THE WAY WITH RESEARCH AND ADVOCACY, AND INCREASING ACCESS TO CARE WITH EDUCATION AND WORK FORCE DEVELOPMENT TO ENSURE FAMILIES AND THEIR COMMUNITY HAVE THE CARE THEY NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY HEALTH WORKERS -- THE FOUNDATION PROVIDED SPECIALIZED COMMUNITY SUPPORT SERVICES RESPECTING THE CULTURALLY DIVERSE COMMUNITIES IT SERVES. THESE INCLUDE PROGRAMS IN UNDERSERVED COMMUNITIES, PROGRAMS FOR VETERANS AND FOR RELIGIOUS COMMUNITES.
WORK FORCE DEVELOPMENT PROGRAM - INITIATIVE TO SUPPORT EDUCATION, RECRUITMENT AND RETENTION OF THREE ROLES: CERTIFIED NURSING ASSISTANT (CNA), REGISTERED NURSE (RN), AND COMMUNITY HEALTH WORKER (CHW) THROUGH FORMAL APPRENTICESHIP PROGRAMS IN PARTNERSHIP WITH COMMUNITY COLLEGES ACROSS THE REGION.
PATIENT ASSISTANCE AND CHARITY CARE - THE FOUNDATION PROVIDED THESE GRANTS TO COVER THE COST OF HOSPICE CARE FOR INDIVIDUALS WHO ARE UNINSURED OR UNDERINSURED TO THE EXTENT THAT THEY DO NOT HAVE THE ABILITY TO PAY FOR HOSPICE CARE PRIVATELY. THESE FUNDS WERE ALSO USED FOR COMFORT AND JOY REQUESTS TO ASSIST PATIENTS AND FAMILIES BY IMPROVING QUALITY OF LIFE AND FULFILLING END OF LIFE GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Board | Trustee | 2 | $0 |
Name Not Listed Board | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $38,350 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $639,092 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $677,442 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$30,123 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $647,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,395,567 |
| Grants and other assistance to domestic individuals. | $79,215 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,781,559 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,435 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,831 |
| Fees for services: Other | $0 |
| Advertising and promotion | $40,211 |
| Office expenses | $77,427 |
| Information technology | $140,551 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $67,927 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,686 |
| Insurance | $14,669 |
| All other expenses | $272,272 |
| Total functional expenses | $13,016,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,509,391 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $60,000 |
| Accounts receivable, net | $22,963 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $44,907 |
| Net Land, buildings, and equipment | $54,163 |
| Investments—publicly traded securities | $1,735,629 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $353,788 |
| Total assets | $6,780,841 |
| Accounts payable and accrued expenses | $176,234 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $92,391 |
| Total liabilities | $268,625 |
| Net assets without donor restrictions | $2,431,904 |
| Net assets with donor restrictions | $4,080,312 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,780,841 |