The Hagan Scholarship Foundation
- Assets
- $286.0m
- Revenue
- $27.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, MO
- Founding
- 04/2008
- Data as of
- 12/2022
- EIN
- 68-6260880
Organization Overview
The Hagan Scholarship Foundation is located in Columbia, MO. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Hagan Scholarship Foundation 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, Hagan Scholarship Foundation generated $27.5m in total revenue. All expenses for the organization totaled $8.8m during the year ending 12/2022. While expenses have increased by 13.6% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $769,893 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,231,451 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,512,982 |
| Capital Gain Net Income | $16,815,337 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,514,326 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $8,430 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $905,778 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $54,889 |
| Total operating and administrative expenses | $1,057,015 |
| Contributions, gifts, grants paid | $7,737,353 |
| Total expenses and disbursements | $8,794,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,036,257 |
| Savings and temporary cash investments | $1,280,436 |
| 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 | $283,696,016 |
| Total assets | $286,012,709 |
| Accounts payable and accrued expenses | $399 |
| 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 | $21,597,500 |
| Total liabilities | $21,597,899 |
Grants Awarded
Over the last fiscal year, The Hagan Scholarship Foundation has awarded $7,737,353 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIP RECIPIENTS PURPOSE: SCHOLARSHIP DISBURSEMENTS | $7,302,353 |
SCHOLARSHIP RECIPIENTS PURPOSE: ESSENTIAL FUNDS DISBURSEMENTS | $435,000 |