George T Hansen Foundation
- Assets
- $211.3k
- Revenue
- $8.7k
- Investments
- $193.0k
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 06/1959
- Data as of
- 03/2024
- EIN
- 87-6123187
Organization Overview
George T Hansen Foundation is located in Salt Lake City, UT. The organization was established in 1959. 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. George T Hansen 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 03/2024, George T Hansen Foundation generated $8.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $10.7k during the year ending 03/2024. While expenses have increased by 5.7% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George T Hansen III Chairman | 2 | $0 | |
Elizabeth Hansen Vice President | 2 | $0 | |
Mark B Hansen Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,709 |
| 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 | $8,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $105 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $455 |
| Contributions, gifts, grants paid | $10,218 |
| Total expenses and disbursements | $10,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,294 |
| Savings and temporary cash investments | $0 |
| 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 | $192,990 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $211,284 |
| 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, George T Hansen Foundation has awarded $10,218 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CLARK PLANETARIUM PURPOSE: GENERAL FUND | $1,000 |
PARK LANE ELEMENTARY SCHOOL PURPOSE: GENERAL FUND | $300 |
UTAH NATURAL HISTORY MUSEUM PURPOSE: GENERAL FUND | $600 |
YOUTHLINK PURPOSE: GENERAL FUND | $680 |
UTAH LYRIC OPERA SOCIETY PURPOSE: GENERAL FUND | $3,478 |
SARCOMA FOUNDATION OF AMERICA PURPOSE: GENERAL FUND | $3,000 |