Hager Hanger Club Foundation
- Assets
- $3.7m
- Revenue
- $163.2k
- Investments
- $2.6m
- Employees
- 0
- Location
- Alameda, CA
- Founding
- 10/1996
- Data as of
- 12/2023
- EIN
- 94-3245672
Organization Overview
Hager Hanger Club Foundation is located in Alameda, CA. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hager Hanger Club 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, Hager Hanger Club Foundation generated $163.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $62.9k during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 9 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
COMPLIANCE WITH GOVERNMENTAL REGULATIONS
FEDERAL & STATE TAXES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mo Kuen Leung President | 20 | $0 | |
Margaret Langendorf Secretary | 0 | $0 | |
Christopher Clark Vice President | 0 | $0 | |
Kouey M Pan Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $27,372 |
| Dividends & Interest | $130,796 |
| 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 | $163,168 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,552 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $300 |
| Printing and publications | $0 |
| Other expenses | $1,426 |
| Total operating and administrative expenses | $39,393 |
| Contributions, gifts, grants paid | $23,520 |
| Total expenses and disbursements | $62,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,159,040 |
| 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 | $2,572,204 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,128 |
| Total assets | $3,733,372 |
| 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, Hager Hanger Club Foundation has awarded $23,520 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SAMUEL CASTRO REYES NOMINEE PURPOSE: PROVIDE ASSISTANCE TO UNDER-PRIVILEGED STUDENTS | $22,112 |
KAMONI WELLS PURPOSE: PROVIDE ASSISTANCE TO UNDER-PRIVILEGED STUDENT | $1,408 |