Cornelius And Lydiellen Hagan Foundation
- Assets
- $9.4m
- Revenue
- $392.1k
- Investments
- $4.8m
- Employees
- 0
- Location
- Newman Lake, WA
- Founding
- 05/1997
- Data as of
- 12/2023
- EIN
- 91-1762315
Organization Overview
Cornelius And Lydiellen Hagan Foundation is located in Newman Lake, WA. The organization was established in 1997. 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. Cornelius And Lydiellen Hagan 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, Cornelius And Lydiellen Hagan Foundation generated $392.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (24.5%) each year. All expenses for the organization totaled $585.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Cornelius And Lydiellen Hagan Foundation has awarded 142 individual grants totaling $2,336,601. 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
2023
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 |
|---|---|---|---|
Roger Bragdon Board Chairman | 1 | $6,000 | |
Robert Blume Board Member | 1 | $12,000 | |
Ross Wood Board Member | 1 | $12,000 | |
Kathie Burch Board Member | 1 | $6,000 | |
Michael Buller Board Member | 1 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $234,468 |
| Dividends & Interest | $153,511 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,156 |
| Capital Gain Net Income | $4,156 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $392,135 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,667 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,330 |
| Total operating and administrative expenses | $115,648 |
| Contributions, gifts, grants paid | $469,880 |
| Total expenses and disbursements | $585,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,560,971 |
| 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 | $1,594 |
| Total assets | $9,357,506 |
| 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, Cornelius And Lydiellen Hagan Foundation has awarded $469,880 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ENDICOTT ST JOHN SCHOOL DISTRICT PURPOSE: LITERACY EXPANSION PROJECT | $7,189 |
COLFAX JR AND SR HIGHSCHOOL PURPOSE: CHROMEBOOKS FOR 7 AND 8 GRADES | $7,323 |
COLTON MIDDLE SCHOOL PURPOSE: ROBOTICS FOR MIDDLE SCHOOL | $7,197 |
AT THE CORE PURPOSE: BITE 2 GO RURAL INITIIATIVE | $20,000 |
COLUMBIA SCHOOL DISTRICT PURPOSE: COLUMBIA SHOP RENOVATION | $30,000 |
EVERGREEN ELEMENTARY SCHOOL PURPOSE: CLASSROOM LAPTOPS | $5,400 |