Joe W & Jean M Hanson Educational Trust
- Assets
- $806.7k
- Revenue
- $236.0k
- Investments
- $783.7k
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 01/1998
- Data as of
- 03/2022
- EIN
- 73-6301424
Organization Overview
Joe W & Jean M Hanson Educational Trust 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 Trust 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 03/2022, Joe W & Jean M Hanson Educational Trust generated $236.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.2% each year . All expenses for the organization totaled $42.1k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Joe W & Jean M Hanson Educational Trust has awarded 58 individual grants totaling $157,148. 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 |
|---|---|---|---|
Jp Morgan Chase Bank Na Prior Trustee | 2 | $11,173 | |
Private Trust Company Na Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,206 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $210,771 |
| Capital Gain Net Income | $210,771 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $235,977 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,559 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $202 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,153 |
| Contributions, gifts, grants paid | $29,898 |
| Total expenses and disbursements | $42,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,975 |
| 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 | $806,722 |
| 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 Trust has awarded $29,898 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
OKLAHOMA STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $13,000 |
TULSA COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $6,000 |
Joplin, MO PURPOSE: SCHOLARSHIP | $6,000 |
Manhattan, KS PURPOSE: SCHOLARSHIP | $3,000 |
SOUTHWESTERN OKLAHOMA STATE UNIV PURPOSE: SCHOLARSHIP | $949 |
UNIVERSITY OF OKLAHOMA PURPOSE: SCHOLARSHIP | $949 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater Toledo Toledo, OH | $26,573,866 | $11,242,567 |
United Way Of The Capital Region Enola, PA | $30,416,646 | $10,642,115 |
Jewish Community Of Louisville Inc Louisville, KY | $51,829,029 | $17,241,761 |
United Way Of Midland County Midland, MI | $18,815,763 | $12,494,265 |
United Way Of Southwestern Indiana Inc Evansville, IN | $5,892,582 | $5,859,250 |
United Way Of Wyoming Valley Wilkes Barre, PA | $25,303,702 | $9,071,760 |
United Way Of Jackson County Inc Jackson, MI | $0 | $10,716,556 |
United Way Of Genesee County Flint, MI | $9,912,088 | $6,664,898 |
United Way Of Greater Lafayette & Tippecanoe County Lafayette, IN | $12,512,730 | $7,982,899 |
Honeywell Foundation Inc Wabash, IN | $96,441,620 | $11,061,690 |
Jewish Federation Of Greater Dayton Inc Dayton, OH | $48,084,163 | $5,302,720 |
Jewish Federation Of Columbus Columbus, OH | $17,787,138 | $6,588,134 |