Hogan Family Foundation Inc
- Assets
- $652.0k
- Revenue
- $37.5k
- Investments
- $590.1k
- Employees
- 0
- Location
- Boone, NC
- Founding
- 12/2001
- Data as of
- 12/2023
- EIN
- 56-2255419
Organization Overview
Hogan Family Foundation Inc is located in Boone, NC. The organization was established in 2001. 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. Hogan Family 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 12/2023, Hogan Family Foundation Inc generated $37.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $61.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hogan Family Foundation Inc has awarded 64 individual grants totaling $209,500. 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 |
|---|---|---|---|
James C Hogan II President | 2 | $0 | |
John Hogan Past President | 2 | $5,414 | |
James B Hogan Secretary | 0.25 | $0 | |
Janis P Hogan Director | 0.25 | $0 | |
William P Hogan Director | 0.25 | $0 | |
Parker H Hogan Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,458 |
| Dividends & Interest | $11,111 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,919 |
| Capital Gain Net Income | $19,919 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,488 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,414 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,291 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $16,138 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $61,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,872 |
| 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 | $67,444 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $651,961 |
| Accounts payable and accrued expenses | $414 |
| 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 | $414 |
Grants Awarded
Over the last fiscal year, Hogan Family Foundation Inc has awarded $45,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITIES IN SCHOOLS PURPOSE: DEVELOPMENT OF SOFT SKILLS & TEAM BUILDING | $2,000 |
AMOREM PURPOSE: FUNDING FOR SALON VISITS | $675 |
CALDWELL COUNTY HABITAT FOR HUMANITY PURPOSE: MATERIALS FOR HABITAT HOUSES | $12,500 |
ST VINCENT DE PAUL OF BATON ROUGE PURPOSE: PURCHASE OF PRESCRIPTION MEDS FOR THE NEEDY | $1,550 |
CALDWELL HOUSE PURPOSE: RENOVATION OF PUBLIC SPACE IN FACILITY | $2,000 |
CALDWELL PEOPLE INC PURPOSE: FUNDING FOR FOSTER CHILDREN EXPENSES | $4,500 |