The Hans Foundation Usa
- Assets
- $312.4m
- Revenue
- -$4.0m
- Investments
- $299.0m
- Employees
- 0
- Location
- Farmington Hills, MI
- Founding
- 02/2018
- Data as of
- 12/2023
- EIN
- 38-4043201
Organization Overview
The Hans Foundation Usa is located in Farmington Hills, MI. The organization was established in 2018. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hans Foundation USA is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS RAISING FUNDS TO SUPPORT THE DEVELOPMENT AND IMPLEMENTATION OF SOLUTIONS TO THE MOST PRESSING GLOBAL PROBLEMS, INCLUDING THE AREAS OF WATER, ENERGY, HEALTHCARE, EDUCATION, AND ECONOMIC OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS THE OUTSTANDING OPERATIONAL PROJECTS THAT HAVE BEEN MAKING A DIFFERENCE IN INDIA AND AROUND THE WORLD FOR YEARS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manish Pathak | OfficerTrustee | 1 | $0 |
Jason Frankl | OfficerTrustee | 1 | $0 |
Amit Pathak | OfficerTrustee | 1 | $0 |
Gary Fowler | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nuveen Investment Fees | 12/30/23 | $259,291 |
Hans Management Company Inc Management Fees | 12/30/23 | $230,600 |
Fleming Petenko Llc Legal Fees | 12/30/23 | $114,310 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,999 |
| Total Program Service Revenue | $0 |
| Investment income | $1,489,239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,509,678 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$4,014,440 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,164 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,708,351 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $230,600 |
| Fees for services: Legal | $126,647 |
| Fees for services: Accounting | $50,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $209,472 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,672 |
| Office expenses | $1,118 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $833 |
| All other expenses | $0 |
| Total functional expenses | $9,388,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,881,720 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $49,485 |
| Investments—other securities | $298,964,893 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $466,300 |
| Total assets | $312,362,398 |
| Accounts payable and accrued expenses | $91,932 |
| 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 | $0 |
| Total liabilities | $91,932 |
| Net assets without donor restrictions | $212,707,340 |
| Net assets with donor restrictions | $99,563,126 |
| 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 | $312,362,398 |
Grants Awarded
Over the last fiscal year, The Hans Foundation Usa has awarded $47,164 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RURAL INDIA SUPPORTING TRUST PURPOSE: SUPPORT THE GRANTEE ORGANIZATION FOR THEIR OPERATIONAL NEEDS AS IT SERVES RURAL INDIA ON SOLUTIONS TO SOCIETAL INEQUITIES AND POVERTY. | $37,164 |
THRESH INC PURPOSE: SUPPORT THE GRANTEE ORGANIZATION FOR THEIR OPERATIONAL NEEDS AS IT PROMOTES EQUALITY AND CULTURAL AWARENESS | $10,000 |