Maudean And E L Hanson Foundation
- Assets
- $957.6k
- Revenue
- $667.0k
- Investments
- $694.0k
- Employees
- 0
- Location
- Beulah, CO
- Founding
- 12/1990
- Data as of
- 02/2024
- EIN
- 84-1150453
Organization Overview
Maudean And E L Hanson Foundation is located in Beulah, CO. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Maudean And E L Hanson 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 02/2024, Maudean And E L Hanson Foundation generated $667.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 63.1% each year . All expenses for the organization totaled $49.9k during the year ending 02/2024. While expenses have increased by 3.8% 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 2021, Maudean And E L Hanson Foundation has awarded 52 individual grants totaling $163,925. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Petkosek President | 0 | $0 | |
Ted R Clair Vice Preside | 0 | $0 | |
Catherine E Halcomb Sec/tr | 0 | $0 | |
Kris Allen Director | 0 | $0 | |
Sandy Taylor Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $640,000 |
| Interest on Savings | $19,231 |
| Dividends & Interest | $7,795 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $667,026 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $812 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $89 |
| Total operating and administrative expenses | $1,851 |
| Contributions, gifts, grants paid | $48,000 |
| Total expenses and disbursements | $49,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,263 |
| Savings and temporary cash investments | $258,726 |
| 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 | $1,597 |
| Total assets | $957,614 |
| 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, Maudean And E L Hanson Foundation has awarded $48,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ALICIA LEST PURPOSE: SCHOLARSHIP CSU-FT COLLINS | $4,000 |
ABBEY STRAIN PURPOSE: SCHOLARSHIP CSU-PUEBLO | $2,000 |
GENEVIEVE BALLARD PURPOSE: SCHOLARSHIP UNIV. NORTHERN COLORADO | $4,000 |
NOAH WOOD PURPOSE: SCHOLARSHIP CSU-FT COLLINS | $4,000 |
LINDSEY ANSELMO PURPOSE: SCHOLARSHIP CSU-PUEBLO | $4,000 |
KAYLIN MARES PURPOSE: SCHOLARSHIP CSU-PUEBLO | $4,000 |