Virginia Clark Hagen Charitable Foundation Inc is located in Lexington, KY. The organization was established in 1990. 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. Virginia Clark Hagen Charitable 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, Virginia Clark Hagen Charitable Foundation Inc generated $865.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Virginia Clark Hagen Charitable Foundation Inc has awarded 43 individual grants totaling $3,594,000. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Elizabeth Blackford Director | 0.45 | $1,050 | |
Elizabeth Blackford President | 0.05 | $0 | |
Sarah Clark Director | 0.45 | $1,050 | |
Sarah Clark Vice President | 0.05 | $0 | |
Charles Shearer Director | 0.45 | $1,050 | |
Charles Shearer Secretary | 0.05 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $5,840 |
Dividends & Interest | $315,086 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $543,925 |
Capital Gain Net Income | $543,925 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $232 |
Total Revenue | $865,083 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $5,250 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $11,531 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $1,948 |
Total operating and administrative expenses | $165,180 |
Contributions, gifts, grants paid | $1,050,000 |
Total expenses and disbursements | $1,215,180 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $224,425 |
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 | $10,658,277 |
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, Virginia Clark Hagen Charitable Foundation Inc has awarded $1,050,000 in support to 11 organizations.
Grant Recipient | Amount |
---|---|
CARNEGIE CENTER FOR LITERACY PURPOSE: LITERACY PROGRAMS | $185,000 |
CENTRAL MUSIC ACADEMY PURPOSE: YOUTH MUSIC EDUCATION | $95,000 |
INTERNATIONAL BOOK PROJECT PURPOSE: LITERACY PROGRAMS | $115,000 |
SALVATION ARMY PURPOSE: BOYS & GIRLS CLUB | $165,000 |
TRANSYLVANIA UNIVERSITY PURPOSE: SCHOLARSHIP FUNDS | $200,000 |
FRONTIER NURSING UNIVERSITY PURPOSE: EDUCATION | $50,000 |