Hawthorn Foundation
- Assets
- $1.6m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Jefferson City, MO
- Founding
- 08/1981
- Data as of
- 06/2024
- EIN
- 43-1231419
Organization Overview
Hawthorn Foundation is located in Jefferson City, MO. The organization was established in 1981. 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. Hawthorn Foundation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2024, Hawthorn Foundation generated $6.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $6.1m during the year ending 06/2024. While expenses have increased by 7.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE HAWTHORN FOUNDATION IS TO SERVE AS A PRIVATE BUSINESS RECRUITMENT AND MARKETING ORGANIZATION FOR THE STATE OF MISSOURI, BY WORKING IN COOPERATION WITH BUSINESSES AND ECONOMIC DEVELOPMENT OFFICIALS TO PROMOTE AND ENCOURAGE INNOVATIVE MARKETING PROGRAMS AND TRADE MISSIONS TARGETING MISSOURI BUSINESS RECRUITMENT, AND TO CREATE AND SUPPORT CUTTING-EDGE INITIATIVES THAT ARE FOCUSED ON EXPANDING ECONOMIC OPPORTUNITIES FOR MISSOURI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTS THE MISSOURI GOVERNOR, THE DEPARTMENT OF ECONOMIC DEVELOPMENT, AND OTHER ECONOMIC DEVELOPMENT GROUPS IN ENHANCING THE BUSINESS CLIMATE OF MISSOURI. PROVIDES FUNDS TO THE MISSOURI PARTNERSHIP TO PROMOTE ECONOMIC DEVELOPMENT IN MISSOURI. HOSTED LUNCH AND DINNER MEETINGS FOR THE DEPARTMENT OF ECONOMIC DEVELOPMENT WITH REPRESENTATIVES FROM VARIOUS COMPANIES AND TO ENCOURAGE INVESTMENT IN MISSOURI BUSINESSES AND THE RELOCATION OF BUSINESSES TO MISSOURI.
THE BRAC PROGRAM IS FOCUSED ON MILITARY PREPAREDNESS AND TRACKS AND OVERSEES POTENTIAL ACTIONS REGARDING MILITARY INSTALLATIONS IN THE STATE OF MISSOURI AND THE RESULTING IMPACT CHANGES THAT THE INSTALLATIONS WOULD HAVE ON MISSOURI BUSINESSES AND ECONOMIC DEVELOPMENT.
THE MISSOURI INNOVATION CAMPUS COLLABORATIVE FOCUSES ON EXPANDING THE INNOVATION CAMPUS PARTNERSHIP AND COMPETENCY BASED LEARNING MODEL IN PUBLIC UNIVERSITIES ACROSS THE STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Willard Executive Dir. | Officer | 40 | $142,788 |
Karen Branding Director | Trustee | 0.5 | $0 |
Subash Alias Director | Trustee | 0.5 | $0 |
Marilyn Bush Director | Trustee | 0.5 | $0 |
Marie Carmichael Secretary | OfficerTrustee | 0.5 | $0 |
Dana Chamblee Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kit Bond Strategies Consulting | 6/29/24 | $162,000 |
Baker Donelson Consulting | 6/29/24 | $180,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,060,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,500,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $948,440 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,508,840 |
| Total Program Service Revenue | $921,505 |
| Investment income | $750 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,431,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,340,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $170,856 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,015 |
| Pension plan accruals and contributions | $86 |
| Other employee benefits | $1,234 |
| Payroll taxes | $15,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,940 |
| Fees for services: Lobbying | $5,130 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $52,953 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,491 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $305,104 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,095 |
| All other expenses | $4,775 |
| Total functional expenses | $6,054,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,355,998 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $135,466 |
| 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 | $94,237 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,585,701 |
| Accounts payable and accrued expenses | $53,392 |
| Grants payable | $0 |
| Deferred revenue | $57,777 |
| 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 | $1,077 |
| Total liabilities | $112,246 |
| Net assets without donor restrictions | $846,555 |
| Net assets with donor restrictions | $626,900 |
| 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 | $1,585,701 |