Hargis Family Foundation
- Assets
- $9.1m
- Revenue
- -$217.8k
- Investments
- $8.7m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- EIN
- 85-2978737
Organization Overview
Hargis Family Foundation is located in Wilmington, DE. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Hargis Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Hargis Family Foundation has awarded 21 individual grants totaling $389,000. 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 |
|---|---|---|---|
Gretchen Hargis Co- Pres, Dir | 1 | $0 | |
Jonathan Hargis Dir, Co- Pres | 1 | $0 | |
Madeline Hargis Charity Compliance Officer | 1 | $0 | |
Rebecca Hargis Treas, VP | 1 | $0 | |
Stephanie Tucker Sec, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,498 |
| Dividends & Interest | $166,939 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$389,238 |
| Capital Gain Net Income | $164,818 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$217,801 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,668 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,113 |
| Printing and publications | $0 |
| Other expenses | $23,895 |
| Total operating and administrative expenses | $88,663 |
| Contributions, gifts, grants paid | $329,000 |
| Total expenses and disbursements | $417,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $387,310 |
| 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 | $9,099,536 |
| 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, Hargis Family Foundation has awarded $329,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI PURPOSE: POINTER STUDY | $15,000 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
BLAIR ACADEMY PURPOSE: FEMALE STUDENT THAT EXEMPLIFIES LEADERSHIP AND COMMITMENT TO THE BLAIR ACADAMY VIA SPORTS, ARTS, OR OTHER LEADERSHIP ROLES SCHOLARSHIP FUND | $100,000 |
AMERICAN CANCER SOCIETY- SYOSSET BRANCH OFFICE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
CYRENIUS H BOOTH LIBRARY PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
BRIDGEPORT HOSPITAL FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |