Hai Foundation
- Assets
- $104.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- Data as of
- 12/2023
- EIN
- 84-3090926
Organization Overview
Hai Foundation is located in Detroit, MI. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hai 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 12/2023, Hai Foundation generated $82.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.2% each year . All expenses for the organization totaled $148.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
0
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Kraftowitz Founding Co-Director | 40 | $0 | |
Edward Salem Founding Co-Director | 40 | $10,000 | |
Mary Fuller Board Member | 0 | $0 | |
Donovan Hohn Board Member | 0 | $0 | |
Aya Krisht Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,049 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,958 |
| Gain or Loss | $106 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $82,113 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $89,481 |
| Professional fees and other payments to independent contractors | $44,397 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $8,915 |
| Other expenses | $5,495 |
| Total expenses | $148,288 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,611 |
| Other assets | $0 |
| Total assets | $104,611 |
| Total liabilities | $0 |
| Net assets or fund balances | $104,611 |