Lawrence & Augusta Hager Educational Foundation Inc
- Assets
- $7.9m
- Revenue
- $274.8k
- Investments
- $4.8m
- Employees
- 0
- Location
- Owensboro, KY
- Founding
- 08/1991
- Data as of
- 12/2022
- EIN
- 61-1187348
Organization Overview
Lawrence & Augusta Hager Educational Foundation Inc is located in Owensboro, KY. The organization was established in 1991. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence & Augusta Hager Educational 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, Lawrence & Augusta Hager Educational Foundation Inc generated $274.8k 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 (46.6%) each year. All expenses for the organization totaled $339.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lawrence & Augusta Hager Educational Foundation Inc has awarded 33 individual grants totaling $851,015. 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 |
|---|---|---|---|
Keith Sanders Executive Director | 40 | $53,933 | |
Allen Holbrook President | 2 | $0 | |
Dr Nicholas Brake Director | 2 | $0 | |
Joe Berry Director | 2 | $0 | |
Rosemary Conder Director | 2 | $0 | |
Deborah Zuerner Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $655 |
| Dividends & Interest | $183,570 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $89,437 |
| Capital Gain Net Income | $89,437 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,171 |
| Total Revenue | $274,833 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $53,933 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,200 |
| Interest | $0 |
| Taxes | $13,330 |
| Depreciation | $0 |
| Occupancy | $8,400 |
| Travel, conferences, and meetings | $7,503 |
| Printing and publications | $0 |
| Other expenses | $60,285 |
| Total operating and administrative expenses | $176,812 |
| Contributions, gifts, grants paid | $162,300 |
| Total expenses and disbursements | $339,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $676,160 |
| Savings and temporary cash investments | $2,387,493 |
| 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 | $7,903,248 |
| Accounts payable and accrued expenses | $3,215 |
| 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 | $3,215 |
Grants Awarded
Over the last fiscal year, Lawrence & Augusta Hager Educational Foundation Inc has awarded $162,300 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
GIRL'S INC PURPOSE: PROGRAM SERVICES | $5,000 |
GREEN RIVER ASSET BUILDING COALITION PURPOSE: PROGRAM SERVICES | $50,000 |
INTERNATIONAL CENTER PURPOSE: PROGRAM SERVICES | $5,000 |
KENTUCKY YOUTH ADVOCATES PURPOSE: PROGRAM SERVICES | $5,000 |
OWENSBORO ROTARY CLUB FOUNDATION INC PURPOSE: PROGRAM SERVICES | $15,000 |
THE CENTER PURPOSE: PROGRAM SERVICES | $75,000 |