Hagan Family Fund
- Assets
- $0.0
- Revenue
- $752.5k
- Investments
- $1.1m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 07/1995
- Data as of
- 12/2021
- EIN
- 56-1905696
Organization Overview
Hagan Family Fund is located in Greensboro, NC. The organization was established in 1995. 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. Hagan Family Fund 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, Hagan Family Fund generated $752.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.0% each year . All expenses for the organization totaled $104.8k during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 6 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, Hagan Family Fund has awarded 250 individual grants totaling $502,486. 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 |
|---|---|---|---|
Charles T Hagan III President/director | 0.1 | $0 | |
Anne B Hagan Vice President/director | 0.1 | $0 | |
John C Hagan Vice President/director | 0.1 | $0 | |
David B Hagan Vice President/director | 0.1 | $0 | |
Henry G Hagan Vice President/director | 0.1 | $0 | |
Blair C Hagan Vice President/director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $75,392 |
| Profit on Inventory Sales | $0 |
| Other Income | $616,018 |
| Total Revenue | $752,548 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $30,538 |
| Contributions, gifts, grants paid | $74,250 |
| Total expenses and disbursements | $104,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $725,757 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,945 |
| Other assets | $196 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hagan Family Fund has awarded $117,000 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
ARTS GREENSBORO PURPOSE: ARTS FUND | $2,000 |
BALTIMORE ROCK OPERA SOCIETY PURPOSE: GENERAL SUPPORT | $1,000 |
BACKPACK BEGINNINGS PURPOSE: GENERAL SUPPORT | $500 |
BALTIMORE WASHINGTON MEDICAL CENTER FOUNDATION PURPOSE: GENERAL SUPPORT | $2,000 |
BOSTON SYMPHONY ORCHESTRA PURPOSE: GENERAL SUPPORT | $6,000 |
BLUE WATER BALTIMORE PURPOSE: GENERAL SUPPORT | $1,000 |