Hastings Trust is located in Yorktown, VA. The organization was established in 1964. 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. Hastings Trust 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 12/2021, Hastings Trust generated $84.2k in total revenue. All expenses for the organization totaled $89.0k during the year ending 12/2021. While expenses have increased by 23.4% per year over the past 3 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John A Hastings Trustee | 0 | $0 | |
Carol Sanders Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $6 |
Dividends & Interest | $21,788 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $62,411 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $84,205 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $233 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $1,233 |
Contributions, gifts, grants paid | $87,750 |
Total expenses and disbursements | $88,983 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $75,764 |
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 | $309,841 |
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 |
Over the last fiscal year, Hastings Trust has awarded $87,750 in support to 21 organizations.
Grant Recipient | Amount |
---|---|
THOMAS NELSON COMMUNITY COLLEGE PURPOSE: EACH RECIPENT | $20,000 |
Williamsburg, VA PURPOSE: 501 (C) (3) ORGANIZATION. | $15,000 |
CHRISTOPHER NEWPORT COLLEGE PURPOSE: ORGANIZATION. | $12,000 |
Los Angeles, CA PURPOSE: EACH RECIPENT | $10,500 |
Newport News, VA PURPOSE: CONTRIBUTIONS ARE MADE TO PURSUE | $4,500 |
VIRGINIA AIR & SPACE PURPOSE: 501 (C) (3) ORGANIZATION. | $3,500 |
Organization Name | Assets | Revenue |
---|---|---|
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Hazel Ruby Mcquain Charitable Tr Morgantown, WV | $103,286,088 | $9,092,496 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Charles T Bauer Charitable Foundation Baltimore, MD | $0 | $6,889,193 |
Oak Hill Fund Charlottesville, VA | $99,384,131 | $7,166,197 |
Marriott Daughters Foundation Bethesda, MD | $79,408,936 | $2,865,441 |
Sylvan C Herman Foundation Inc Washington, DC | $0 | $6,659,474 |
Naomi And Nehemiah Cohen Foundation Virginia Corporation Bethesda, MD | $106,455,928 | $12,590,743 |