Hasso Serrano Foundation
- Assets
- $3.2m
- Revenue
- $414.3k
- Investments
- $2.9m
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-3441330
Organization Overview
Hasso Serrano Foundation is located in Irvine, CA. The organization was established in 2016. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hasso Serrano 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, Hasso Serrano Foundation generated $414.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 55.4% each year . All expenses for the organization totaled $172.9k during the year ending 12/2022. While expenses have increased by 0.9% 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, Hasso Serrano Foundation has awarded 74 individual grants totaling $1,267,742. 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 |
|---|---|---|---|
Luis Serrano President/ceo | 1 | $0 | |
James Matthews Vice President/cfo/secreta | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $67,445 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $346,866 |
| Capital Gain Net Income | $346,866 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $414,311 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,275 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $10,381 |
| Contributions, gifts, grants paid | $162,500 |
| Total expenses and disbursements | $172,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,790 |
| Savings and temporary cash investments | $270,428 |
| 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 | $2,770,016 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,197 |
| Total assets | $3,208,275 |
| 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, Hasso Serrano Foundation has awarded $162,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
THE SETON FUND OF THE DAUGHTERS OF CHARITY OF ST VINCENT DE PAUL PURPOSE: TO SUPPORT THE ORGANIZATION'S LIFESAVING WORK TO CONTINUE THROUGH RESEARCH, TRAINING AND | $20,000 |
OPERATION HOPE PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO BE A FOR-PURPOSE ORGANIZATION WORKING TO DISRUPT POVERTY AND ENABLE INCLUSION FOR LOW AND MODERATE INCOME YOUTH AND ADULTS. | $6,000 |
MAKE A WISH FOUNDATION PURPOSE: TO PROVIDE BENEFITS TO CRITICALLY ILL CHILDREN | $10,000 |
GOOD SHEPHERD PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION THAT PHILOSOPHY CENTERS AROUND A PLAY-BASED, CHARACTER-ENRICHING EARLY CHILDHOOD PROGRAMS FOCUSED ON EDUCATING THE WHOLE CHILD. | $20,000 |
HIRSHBERG FOUNDATION FOR PANCREATIC CANCER RESEARCH PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $3,000 |
EANES EDUCATION FOUNDATION PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO PROVIDE AND SUSTAIN DISTRICT-WIDE OPPORTUNITIES FOR EDUCATION EXCELLENCE WITHIN THE ESD | $25,000 |