Hasso Philanthropic Foundation
- Assets
- $3.2m
- Revenue
- $538.9k
- Investments
- $2.8m
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 01/2016
- Data as of
- 12/2022
- EIN
- 47-3441533
Organization Overview
Hasso Philanthropic Foundation is located in Irvine, CA. The organization was established in 2016. 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. Hasso Philanthropic 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 Philanthropic Foundation generated $538.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $182.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hasso Philanthropic Foundation has awarded 77 individual grants totaling $1,170,360. 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 |
|---|---|---|---|
Ronald D Hasso President/ceo | 1 | $0 | |
Heather H Hasso Vice President/cfo,treasur | 1 | $0 | |
Danielle Hasso Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $95,725 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $443,144 |
| Capital Gain Net Income | $443,144 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $538,873 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $850 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $9,739 |
| Contributions, gifts, grants paid | $172,500 |
| Total expenses and disbursements | $182,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,280 |
| Savings and temporary cash investments | $391,144 |
| 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 | $2,793,175 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,195,599 |
| 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 Philanthropic Foundation has awarded $172,500 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
4ATX FOUNDATION PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO USE THE POWER OF SOCCER TO HELP CENTRAL TEXAS COMMUNITIES THRIVE - PHYSICALLY, SOCIALLY AND EMOTIONALLY | $3,500 |
BAYLOR UNIVERSITY PURPOSE: ROBBINS COLLEGE OF HEALTH AND HUMAN SCIENCES SUPPORT | $18,000 |
CENTRAL TEXAS FOOD BANK PURPOSE: TO SUPPORT THE ORGANIZATIONS | $3,500 |
CMC FOUNDATION OF CENTRAL TEXAS DBA DELL CHILDREN'S MEDICAL FOUNDATION PURPOSE: TO SUPPORT THE ORGANIZATION'S OBJECTIVE TO ACTIVELY SEEK AND INVEST CHARITABLE SUPPORT FOR ASCENSION SETON, SO THAT THEY MIGHT IMPROVE THE HEALTH AND WELL-BEING OF ALL PEOPLE IN THE COMMUNITIES THEY SERVE | $10,000 |
FARE (FOOD ALLERGY RESEARCH & EDUCATION) PURPOSE: TO SUPPORT THE ORGANIZATION'S OBJECTIVE TO WORK FOR A FUTURE FREE OF FOOD ALLERGIES | $5,000 |
FOOD EQUALITY INITIATIVE PURPOSE: TO SUPPORT THE ORGANIZATION'S OBJECTIVE TO FIGHT FOR NUTRITION SECURITY AND HEALTH EQUITY FOR ALL | $5,000 |