Erling B & Dorothy E Hanson Foundation
- Assets
- $191.8k
- Revenue
- $5.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Masonville, IA
- Founding
- 08/2010
- Data as of
- 12/2023
- EIN
- 37-1582402
Organization Overview
Erling B & Dorothy E Hanson Foundation is located in Masonville, IA. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Erling B & Dorothy E 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, Erling B & Dorothy E Hanson Foundation generated $5.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $10.1k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED 3,750 OF SUPPORT TO THE HANSON AUDITORIUM IN SUPPORT OF THE THEATER CAMP. THE THEATER CAMP PROGRAM BENEFITED APPROXIMATELY 75 MIDDLE SCHOOL CHILDREN.
THE FOUNDATION PROVIDED 750 OF FINANCIAL SUPPORT TO THE MANCHESTER, IOWA MUNICIPAL BAND. THIS GRANT PROVIDED FUNDS TO SUPPORT THE BAND'S CONCERTS. APPROXIMATELY 50 MUSICIANS AND 750 CONCERT ATTENDEES BENEFITED FROM THIS SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Durey Director | 1 | $0 | |
Mike Ryan Director | 1 | $0 | |
Rachel York Director | 1 | $0 | |
Jacque Lahr Director | 1 | $0 | |
Art Johnson Treasurer | 1 | $0 | |
Theresa Greve President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,235 |
| Dividends & Interest | $4,174 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $462 |
| Capital Gain Net Income | $462 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,871 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $136 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,846 |
| Total operating and administrative expenses | $5,612 |
| Contributions, gifts, grants paid | $4,500 |
| Total expenses and disbursements | $10,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $191,782 |
| 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 | $191,782 |
| 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, Erling B & Dorothy E Hanson Foundation has awarded $4,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER DELAWARE COUNTY COMMUNITY PURPOSE: THEATRE CAMP | $3,750 |
MANCHESTER MUNICIPAL BAND PURPOSE: BAND SUPPLIES | $750 |