Erling B & Dorothy E Hanson Foundation
- Assets
- $182.4k
- Revenue
- $7.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Masonville, IA
- Founding
- 08/2010
- Data as of
- 12/2022
- 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 12/2022, Erling B & Dorothy E Hanson Foundation generated $7.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.8% each year . All expenses for the organization totaled $12.3k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED 5,000 OF SUPPORT TO THE BACKBONE LAKE PROMOTION ASSOCIATION INC. IN SUPPORT OF THE BACKBONE BLUEGRASS FESTIVAL. THE FUNDS WERE USED TO HIRE MUSCIAL TALENT TO PERFORM AT THE FESTIVAL. THE FESTIVAL IS A THREE DAY EVENT THAT FEATURES FOUR SHOWS THROUGHOUT THE WEEKEND.
THE FOUNDATION PROVIDED 2,500 OF FINANCIAL SUPPORT TO DELAWARE COUNTY PAY IT FORWARD. THIS GRANT PROVIDED FUNDS FOR THE PAY IT FORWARD ORGANIZATION TO HOST A FUNDRAISING EVENT IN DELAWARE COUNTY. THE EVENT FEATURED LIVE ENTERTAINMENT AND FUNDS GENERATED FROM THE EVENT WERE USED TO SUPPORT INITIATIVES WITHIN THE DELAWARE COUNTY PAY IT FORWARD UMBRELLA.
THE HANSON FOUNDATION PROVIDED A 1,300 GRANT TO THE RHUBACUE ON THE RIVER FESTIVAL. THIS FESTIVAL IS HELD IN MANCHESTER, IOWA AND FEATURES A 5K RUN, CHILDREN'S ACTIVITIES, AND OTHER FAMILY-FRIENDLY EVENTS.
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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 | |
Joanne Swinton Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $752 |
| Dividends & Interest | $3,339 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,585 |
| Capital Gain Net Income | $3,585 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,676 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $179 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,347 |
| Total operating and administrative expenses | $3,476 |
| Contributions, gifts, grants paid | $8,800 |
| Total expenses and disbursements | $12,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $182,351 |
| 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 | $182,351 |
| 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 $8,800 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Strawberry Pt, IA PURPOSE: BLUEGRASS FESTIVAL | $5,000 |
DELAWARE COUNTY PAY IT FORWARD PURPOSE: FUNDRAISING EVENT | $2,500 |
Manchester, IA PURPOSE: RHUBACUE ON THE RIVER | $1,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
Conduit Foundation Chicago, IL | $3,365,161 | $7,119,515 |
Anahata Foundation Chicago, IL | $150,849,919 | $3,685,553 |
Kaena Foundation Minneapolis, MN | $0 | $2,288,902 |