Joe W & Jean M Hanson Educational Tr
- Assets
- $790.2k
- Revenue
- $23.0k
- Investments
- $757.7k
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 01/1998
- Data as of
- 03/2024
- EIN
- 73-6301424
Organization Overview
Joe W & Jean M Hanson Educational Tr is located in Cleveland, OH. The organization was established in 1998. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Joe W & Jean M Hanson Educational Tr 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 03/2024, Joe W & Jean M Hanson Educational Tr generated $23.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $49.4k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Joe W & Jean M Hanson Educational Tr has awarded 60 individual grants totaling $201,740. 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 |
|---|---|---|---|
Private Trust Company Na Trustee | 2 | $0 | |
Jp Morgan Chase Bank Na Prior Trustee | 2 | $11,173 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,406 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,012 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,650 |
| Total Revenue | $23,044 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,246 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $96 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,845 |
| Contributions, gifts, grants paid | $37,592 |
| Total expenses and disbursements | $49,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,515 |
| 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 | $790,221 |
| 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 |
Grants Awarded
Over the last fiscal year, Joe W & Jean M Hanson Educational Tr has awarded $37,592 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
OKLAHOMA STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $17,546 |
UNIVERSITY OF OKLAHOMA PURPOSE: SCHOLARSHIP | $10,000 |
OKLAHOMA BAPTIST UNIVERSITY PURPOSE: SCHOLARSHIP | $4,023 |
TULSA COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $2,000 |
SOUTHWESTERN OKLAHOMA STATE UNIV PURPOSE: SCHOLARSHIP | $4,023 |