The Hale Foundation
- Assets
- $2.5m
- Revenue
- $477.8k
- Investments
- $1.9m
- Employees
- 0
- Location
- Gardena, CA
- Founding
- 04/2008
- Data as of
- 12/2023
- EIN
- 51-0659834
Organization Overview
The Hale Foundation is located in Gardena, CA. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Hale 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, Hale Foundation generated $477.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $88.1k during the year ending 12/2023. While expenses have increased by 16.7% per year over the past 9 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 2014, Hale Foundation has awarded 83 individual grants totaling $421,136. 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 |
|---|---|---|---|
Eugene Hale President | 0 | $0 | |
Cecelia Hale Secretary | 0 | $0 | |
Kevin Hale Director | 0 | $0 | |
Crystal Hale Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400,000 |
| Interest on Savings | $8,261 |
| Dividends & Interest | $36,537 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,029 |
| Capital Gain Net Income | $33,029 |
| Net ST Capital Gain | $14,077 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $477,827 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,938 |
| Total operating and administrative expenses | $17,523 |
| Contributions, gifts, grants paid | $70,594 |
| Total expenses and disbursements | $88,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $592,339 |
| Savings and temporary cash investments | $0 |
| 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 | $6,265 |
| Total assets | $2,477,301 |
| 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, The Hale Foundation has awarded $70,594 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY ALL-STARS PURPOSE: GARDENA HS ATHLETICS | $460 |
UNITE LA PURPOSE: SCHOLARSHIPS | $2,734 |
PARENTS OF WATTS PURPOSE: EDUCATION OF COMMUNITIES | $10,000 |
GARDENA POLICE OFFICERS ASSOCIATION PURPOSE: PROMOTION OF COMMUNITY AWARENESS PROGRAMS | $5,000 |
GLAAACC EDUCATION FUND AND FOUNDATI PURPOSE: FINANCIAL SUPPORT FOR EDUCATIONAL PROGRAMS THAT PROMOTE THE POST-SECONDARY ACADEMIC ADVANCEMENT AND ASPIRATIONS OF STUDENS FROM SCHOOLS IN UNDER SERVED COMMUNITIES | $25,000 |
NEW IMAGE EMERGENCY SHELTER PURPOSE: CHRISTMAS PARTY FOR DISADVANTAGED FAMILIES | $17,500 |