Mj Hanna Foundation is located in Gatesville, TX. The organization was established in 2014. 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. Mj Hanna 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, Mj Hanna Foundation generated $296.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $393.5k during the year ending 12/2022. While expenses have increased by 7.3% 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.
Since 2016, Mj Hanna Foundation has awarded 99 individual grants totaling $1,067,361. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH PLANT IDENTIFICATION CONTEST, SCHOLARSHIPS AND SEMINAR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Mayhew Director | 12 | $4,000 | |
Will Coward Treasurer | 5 | $4,000 | |
Julie Gardner Director | 6 | $1,000 | |
Marvin Wills Director | 4 | $1,000 | |
Monte Comer President | 5 | $1,000 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $164,309 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $48,325 |
Capital Gain Net Income | $52,302 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $57,913 |
Other Income | $26,215 |
Total Revenue | $296,762 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $11,000 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $2,865 |
Depreciation | $46,044 |
Occupancy | $0 |
Travel, conferences, and meetings | $371 |
Printing and publications | $0 |
Other expenses | $141,519 |
Total operating and administrative expenses | $254,925 |
Contributions, gifts, grants paid | $138,540 |
Total expenses and disbursements | $393,465 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $12,729 |
Savings and temporary cash investments | $24,318 |
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 | $5,000 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $4,995,214 |
Net Land, buildings, and equipment | $4,440,088 |
Other assets | $0 |
Total assets | $9,477,349 |
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 | $2,258 |
Total liabilities | $2,258 |
Over the last fiscal year, Mj Hanna Foundation has awarded $138,540 in support to 13 organizations.
Grant Recipient | Amount |
---|---|
GATESVILLE ISD SCHOLARSHIP FUND PURPOSE: FOR GRADUATING SENIORS SCHOLARSHIP FUNDS. | $35,040 |
CORYELL COUNTY 4-H PURPOSE: TO FURTHER EDUCATION AND AGRICULTURAL PROGRAMS FOR YOUTH. | $24,500 |
GATESVILLE CARE CENTER PURPOSE: TO PROVIDE FOR FAMILIES IN NEED. | $10,000 |
SALVATION ARMY PURPOSE: TO PROVIDE SERVICES TO FAMILIES IN NEED. | $1,000 |
GATESVILLE YOUTH LIVESTOCK SUPPORTE PURPOSE: SUPPORT AND PROMOTE YOUTH INVOLVED IN AGRICULTURE. | $35,000 |
CODY STEPHENS FOUNDATION PURPOSE: TO ALLOW YOUNG ATHLETES TO BE TESTED FOR LIFE THREATENING HEART CONDITIONS. | $3,000 |