Hager Foundation
- Assets
- $16.9m
- Revenue
- $553.6k
- Investments
- $16.7m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 10/1996
- Data as of
- 05/2022
- EIN
- 95-4592928
Organization Overview
Hager Foundation is located in Los Angeles, CA. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Hager 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 05/2022, Hager Foundation generated $553.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $946.2k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hager Foundation has awarded 510 individual grants totaling $10,656,287. 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 |
|---|---|---|---|
David Hager President | 0 | $0 | |
Judy Hager Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $50,522 |
| Dividends & Interest | $507,515 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$40,288 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $14,991 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,842 |
| Total Revenue | $553,591 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,077 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,518 |
| Printing and publications | $0 |
| Other expenses | $130,520 |
| Total operating and administrative expenses | $159,365 |
| Contributions, gifts, grants paid | $786,837 |
| Total expenses and disbursements | $946,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $185,671 |
| 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 | $68,745 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,178,054 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,937,271 |
| 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 Foundation has awarded $786,837 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL USE | $126,500 |
YESHIVA RAV ISACHSOHN PURPOSE: GENERAL USE | $50,000 |
Long Beach, NY PURPOSE: GENERAL SUPPORT | $50,000 |
VAAD HA CHESED PURPOSE: GENERAL USE | $44,500 |
Cedarhurst, NY PURPOSE: GENERAL SUPPORT | $40,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $27,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Loma Linda - Inland Empire Consortium For Healthcare Educatio Loma Linda, CA | $13,392,456 | $70,891,145 |
The Larry Ellison Foundation Walnut Creek, CA | $37,551,478 | $41,100,114 |
The@bob And Margie Petersen Foundation Pasadena, CA | $667,659 | $2,230,866 |
H N And Frances C Berger Foundation Palm Desert, CA | $0 | $33,542,888 |
Nike Foundation Beaverton, OR | $18,150,265 | $37,684,992 |
Playworks Education Energized Oakland, CA | $24,126,538 | $37,991,341 |
Neighborhood Partnerships Inc Portland, OR | $30,268,238 | $16,325,065 |
Coalition Of Homeless Services Providers Seaside, CA | $4,824,470 | $13,798,349 |
Applied Materials Foundation Santa Clara, CA | $3,893,946 | $2,033,120 |
Cal Poly Pomona Philanthropic Foundation Pomona, CA | $212,751,456 | $20,250,176 |
Intuitive Foundation Sunnyvale, CA | $66,087,520 | $30,041,225 |
Cal State Fullerton Philanthropic Foundation Fullerton, CA | $185,411,080 | $61,222,330 |