Lawrence & Augusta Hager Educational Foundation Inc
- Assets
- $8.0m
- Revenue
- $566.2k
- Investments
- $5.4m
- Employees
- 0
- Location
- Owensboro, KY
- Founding
- 08/1991
- Data as of
- 12/2021
- 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 12/2021, Lawrence & Augusta Hager Educational Foundation Inc generated $566.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.1% each year . All expenses for the organization totaled $449.7k during the year ending 12/2021. While expenses have increased by 16.2% per year over the past 4 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 2020, Lawrence & Augusta Hager Educational Foundation Inc has awarded 25 individual grants totaling $688,715. 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 | $55,865 | |
Allen Holbrook President | 2 | $0 | |
Dr Nicholas Brake Vice President/director | 2 | $0 | |
Rosemary Conder Vice President/director | 2 | $0 | |
Deborah Zuerner Vice President/director | 2 | $0 | |
Joe Berry Vice President/director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $119 |
| Dividends & Interest | $152,384 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $413,633 |
| Capital Gain Net Income | $413,633 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $54 |
| Total Revenue | $566,190 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $55,865 |
| Other employee salaries and wages | $24,418 |
| Pension plans, employee benefits | $1,700 |
| Interest | $0 |
| Taxes | $6,282 |
| Depreciation | $0 |
| Occupancy | $8,400 |
| Travel, conferences, and meetings | $2,606 |
| Printing and publications | $0 |
| Other expenses | $33,474 |
| Total operating and administrative expenses | $148,507 |
| Contributions, gifts, grants paid | $301,215 |
| Total expenses and disbursements | $449,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,638 |
| Savings and temporary cash investments | $2,496,739 |
| 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 | $7,969,228 |
| Accounts payable and accrued expenses | $4,916 |
| 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 | $4,916 |
Grants Awarded
Over the last fiscal year, Lawrence & Augusta Hager Educational Foundation Inc has awarded $301,215 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
THE CENTER PURPOSE: PROGRAM SERVICES | $52,115 |
GREEN RIVER ASSET COALITION PURPOSE: PROGRAM SERVICES | $50,000 |
OWENSBORO MUSEUM OF SCIENCE & HISTORY PURPOSE: PROGRAM SERVICES | $45,000 |
COMMUNITY DENTAL CLINIC PURPOSE: PROGRAM SERVICES | $45,000 |
INTERNATIONAL CENTER PURPOSE: PROGRAM SERVICES | $25,000 |
Owensboro, KY PURPOSE: PROGRAM SERVICES | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lawrence & Augusta Hager Educational Foundation Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
United Way Of The Bluegrass Inc Lexington, KY PURPOSE: VITA FreeTax preparation Site Coordination | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Ohio University Foundation Athens, OH | $641,559,157 | $75,179,430 |
Old Dominion University Research Foundation Norfolk, VA | $35,170,684 | $51,598,508 |
University Of Virginia Darden School Foundation Charlottesville, VA | $664,692,543 | $80,428,705 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
University Health Services Inc Richmond, VA | $34,736,696 | $16,366,834 |
Medical College Of Virginia Foundation Richmond, VA | $645,911,510 | $54,318,573 |
University Of Memphis Foundation Memphis, TN | $175,396,802 | $38,710,840 |
Virginia Commonwealth University College Of Engineering Foundation Richmond, VA | $131,974,636 | $12,076,889 |