Hastings Foundation
- Assets
- $9.7m
- Revenue
- $1.7m
- Investments
- $9.6m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 12/1948
- Data as of
- 06/2022
- EIN
- 95-1642370
Organization Overview
Hastings Foundation is located in Pasadena, CA. The organization was established in 1948. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Hastings 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 06/2022, Hastings Foundation generated $1.7m 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 (5.2%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 5 years. 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 |
|---|---|---|---|
John H Reith President & Treasurer | 6 | $11,000 | |
Christianne F Kerns Vice President | 2 | $5,000 | |
Michael Gurevich Secretary | 2 | $5,000 | |
Richard H Zeiss Assistant Treasurer | 1 | $5,000 | |
Andrew Crowell Director | 1 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,189,609 |
| Interest on Savings | $0 |
| Dividends & Interest | $210,845 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $335,786 |
| Capital Gain Net Income | $335,786 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,736,240 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,722 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,354 |
| Total operating and administrative expenses | $179,177 |
| Contributions, gifts, grants paid | $1,664,609 |
| Total expenses and disbursements | $1,843,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $176,736 |
| 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 | $798,630 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,749,513 |
| 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, Hastings Foundation has awarded $1,664,609 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
USC SCHOOL OF MEDICINE PURPOSE: TO SUPPORT MEDICAL RESEARCH. | $1,444,609 |
Chicago, IL PURPOSE: TO SUPPORT THE DEVELOPMENT OF NEW TREATMENTS FOR PULMONARY FIBROSIS. | $110,000 |
Chicago, IL PURPOSE: TO SUPPORT THE RESEARCH OF AND CURE FOR VARIOUS LUNG DISEASES. | $110,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Corporation San Francisco State San Francisco, CA | $47,309,090 | $29,247,706 |
California State University Dominguez Hills Foundation Carson, CA | $11,765,317 | $14,222,352 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
Allan Hancock College Foundation Santa Maria, CA | $20,101,421 | $6,236,200 |
Wave Property Inc Malibu, CA | $0 | -$40,507 |
U C Riverside Foundation Riverside, CA | $204,662,854 | $24,632,492 |
San Francisco State University Foundation San Francisco, CA | $183,676,818 | $22,479,029 |
10000 Degrees San Rafael, CA | $19,169,911 | $12,132,333 |
Klare Holdings Los Angeles, CA | $259,758,492 | $15,264,279 |
California State University - Northridge Foundation Northridge, CA | $300,894,352 | $70,202,583 |
John H & Cynthia Lee Smet Foundation Manhattan Beach, CA | $180,146,566 | $55,938,171 |
Riverside County Office Of Education Foundation Riverside, CA | $343,683 | $10,179,019 |