Hartz Foundation
- Assets
- $2.6m
- Revenue
- $158.9k
- Investments
- $2.4m
- Employees
- 0
- Location
- Thief River Falls, MN
- Founding
- 01/1969
- Data as of
- 07/2023
- EIN
- 41-6041638
Organization Overview
Hartz Foundation is located in Thief River Falls, MN. The organization was established in 1969. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Hartz 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 07/2023, Hartz Foundation generated $158.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $146.1k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hartz Foundation has awarded 141 individual grants totaling $929,165. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Sjoberg President | 1 | $0 | |
Dwight Tangquist Vice President | 1 | $0 | |
David Beito Treasurer | 1 | $0 | |
Karmon Trontvet Secretary | 2 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23 |
| Dividends & Interest | $78,090 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $80,765 |
| Capital Gain Net Income | $80,765 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $158,878 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,691 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,148 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $171 |
| Total operating and administrative expenses | $13,510 |
| Contributions, gifts, grants paid | $132,600 |
| Total expenses and disbursements | $146,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $198,634 |
| 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 | $779 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,561,961 |
| 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, Hartz Foundation has awarded $132,600 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BEMIDJI STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $900 |
BOY SCOUTS OF AMERICA PURPOSE: OPERATIONS | $2,700 |
GIRL SCOUTS DAKOTA HORIZONS PURPOSE: OPERATIONS | $2,700 |
NORTHLAND COMMUNITY & TECHNICAL COLLEGE FOUNDATION PURPOSE: SCHOLARSHIPS | $26,800 |
MOORHEAD STATE UNIVERSITY FOUNDATION PURPOSE: SCHOLARSHIPS | $3,950 |
PENNINGTON COUNTY 4-H PURPOSE: AWARDS | $500 |