Hasna Inc
- Assets
- $5.0m
- Revenue
- $160.8k
- Investments
- $3.9m
- Employees
- 2
- Location
- Raleigh, NC
- Founding
- 11/1998
- Data as of
- 12/2023
- EIN
- 52-2113826
Organization Overview
Hasna Inc is located in Raleigh, NC. The organization was established in 1998. According to its NTEE Classification (Q40) the organization is classified as: International Peace & Security, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Hasna Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hasna 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 12/2023, Hasna Inc generated $160.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (30.7%) each year. All expenses for the organization totaled $234.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, Hasna Inc has awarded 18 individual grants totaling $194,663. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501 (C)(3) OF THE CODE, INCLUDING, BUT NOT LIMITED TO, MAKING DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGAGANIZATIONS UNDER SECTION 501(C)(3) OF THE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cyrus Stacey Chairman | 0 | $0 | |
Mark Stacey Treasurer | 0 | $0 | |
Nevzer Stacey Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,762 |
| Dividends & Interest | $63,000 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $92,993 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $160,755 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,338 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,669 |
| Total operating and administrative expenses | $39,591 |
| Contributions, gifts, grants paid | $194,663 |
| Total expenses and disbursements | $234,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,127,188 |
| 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 | $0 |
| Total assets | $5,000,677 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $51,000 |
| 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 | $51,000 |
Grants Awarded
Over the last fiscal year, Hasna Inc has awarded $194,663 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
MARYLAND HORSE RESCUE PURPOSE: COMMUNITY OUTREACH | $10,000 |
ABSOLUTELY ANATOLIAN ARTISANS PURPOSE: COMMUNITY OUTREACH | $20,000 |
THE CATALOGUE FOR PHILANTHROPY PURPOSE: COMMUNITY OUTREACH | $5,000 |
THE PENNIMAN FOUNDATION PURPOSE: COMMUNITY OUTREACH | $10,000 |
UMSTEAD COALITION PURPOSE: COMMUNITY OUTREACH | $10,000 |
COMMUNITY MEDITATION CENTER PURPOSE: COMMUNITY OUTREACH | $10,000 |