Terry J & Susan K Hanson Foundation
- Assets
- $1.5m
- Revenue
- $381.6k
- Investments
- $1.2k
- Employees
- 0
- Location
- Fountain Hills, AZ
- Founding
- 06/2015
- Data as of
- 12/2023
- EIN
- 47-2577991
Organization Overview
Terry J & Susan K Hanson Foundation is located in Fountain Hills, AZ. The organization was established in 2015. 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. Terry J & Susan K 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 12/2023, Terry J & Susan K Hanson Foundation generated $381.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $432.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Terry J & Susan K Hanson Foundation has awarded 104 individual grants totaling $1,547,796. 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 |
|---|---|---|---|
Terry Hanson President | 0 | $0 | |
Susan Hanson Treasurer | 0 | $0 | |
Kirsten Hanson Garcia Secretary | 0 | $0 | |
Kevin Hanson Director | 0 | $0 | |
Ryan Hanson Director | 0 | $0 | |
Derrek Hanson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $307,770 |
| Interest on Savings | $41,966 |
| Dividends & Interest | $28,062 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,780 |
| Capital Gain Net Income | $3,780 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $381,578 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $32,099 |
| Contributions, gifts, grants paid | $400,251 |
| Total expenses and disbursements | $432,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $520,063 |
| Savings and temporary cash investments | $969,430 |
| 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 | $1,490,713 |
| 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, Terry J & Susan K Hanson Foundation has awarded $400,251 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ALIVE CENTER NAPERVILLE PURPOSE: CHARITABLE | $1,000 |
BISHOP GORMAN HIGH SCHOOL PURPOSE: CHARITABLE | $15,500 |
ALL SOULS' EPISCOPAL CHURCH PURPOSE: CHARITABLE | $2,500 |
CALIFORNIA PROVINCE SOCIETY OF THE SACRED HEART PURPOSE: CHARITABLE | $1,500 |
CATHOLIC CHARITIES OF SOUTHERN NEVADA PURPOSE: CHARITABLE | $3,500 |
CERN FOUNDAITON PURPOSE: CHARITABLE | $1,000 |