Hackerman Foundation Inc
- Assets
- $27.1m
- Revenue
- $26.7m
- Investments
- $26.8m
- Employees
- 0
- Location
- Towson, MD
- Founding
- 07/1986
- Data as of
- 12/2022
- EIN
- 52-1459149
Organization Overview
Hackerman Foundation Inc is located in Towson, MD. The organization was established in 1986. 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. Hackerman Foundation Inc 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, Hackerman Foundation Inc generated $26.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 59.7% each year . All expenses for the organization totaled $3.7m during the year ending 12/2022. While expenses have increased by 32.2% per year over the past 5 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, Hackerman Foundation Inc has awarded 325 individual grants totaling $15,972,969. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Hackerman President / Treasurer | 4 | $0 | |
Audrey Rego Secretary | 4 | $0 | |
Steven Hackerman Vice President | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,442,848 |
| Interest on Savings | $178,252 |
| Dividends & Interest | $143,600 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$203,338 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $88,819 |
| Total Revenue | $26,650,181 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $592 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $90,104 |
| Total operating and administrative expenses | $97,196 |
| Contributions, gifts, grants paid | $3,622,640 |
| Total expenses and disbursements | $3,719,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,414 |
| Savings and temporary cash investments | $249,446 |
| 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 | $896,542 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,079,506 |
| 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, Hackerman Foundation Inc has awarded $3,622,640 in support to 92 organizations.
| Grant Recipient | Amount |
|---|---|
AGUDATH ISRAEL OF MD PURPOSE: JEWISH SUPPORT SERVICES | $70,500 |
AHAVAS TORAH PURPOSE: SYNOGOGUE | $1,500 |
ALEPH INSTITUTE PURPOSE: COMMUNITY ASSISTANCE | $5,000 |
AMERICAN FRIENDS OF KOIDENOV INC PURPOSE: JEWISH SUPPORT SERVICES | $1,000 |
AMERICAN FRIENDS OF RAMAT BET SHEMESH INC PURPOSE: ASSISTANCE TO EDUCATIONAL INSTITUTIONS AND GRANTS TO INDIGENT SCHOLARS | $2,500 |
AMERICAN FRIENDS OF YESHIVA OF KODSHIM PURPOSE: AMERICAN FRIENDS OF YESHIVA OF KODSHIM RAISES AND DISTRIBUTES FUNDS TO SUPPORT EDUCATION IN ISRAEL, SPECIFICALLY RELATED TO RELIGION | $10,000 |