Hartsprings Foundation Inc
- Assets
- $286.0k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 31
- Location
- West Springfield, MA
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 04-3378672
Organization Overview
Hartsprings Foundation Inc is located in West Springfield, MA. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Hartsprings Foundation Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartsprings Foundation Inc 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 12/2022, Hartsprings Foundation Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hartsprings Foundation Inc has awarded 20 individual grants totaling $1,848,398. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO RAISE FUNDS FOR BIG BROTHERS BIG SISTERS ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION COLLECTED AND DELIVERED OVER 100,000 CUBIC FEET OF DONATED CLOTHING AND HOUSEHOLD ITEMS TO ITS CONTRACTED CARRIER. THE FOUNDATION THEN DISTRIBUTED $121,346 TO THE BIG BROTHERS BIG SISTERS OF HAMPDEN COUNTY, INC.(MA), NUTMEG BIG BROTHERS BIG SISTERS, INC. (CT), BIG BROTHERS BIG SISTERS OF CENTRAL MASS/METROWEST, INC. (MA), BIG BROTHERS BIG SISTERS OF FRANKLIN COUNTY, INC. (MA), BIG BROTHERS BIG SISTERS OF BERKSHIRE COUNTY, INC. (MA), AND BIG BROTHERS BIG SISTERS OF SOUTHWESTERN CONNECTICUT, INC. (CT).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Beturne Secretary | OfficerTrustee | 4 | $14,500 |
Daniel Morrill Member | Trustee | 1 | $0 |
Michael Oleksak Member | Trustee | 1 | $0 |
Louis Scungio Member | Trustee | 1 | $0 |
Donna Wexler Member | Trustee | 1 | $0 |
Michael P Buckmaster President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mercury Mail Services Direct Mailing | 12/30/15 | $236,399 |
Andrew Associates Inc Direct Mailing | 12/30/15 | $502,129 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,830,585 |
| Noncash contributions included in lines 1a–1f | $1,830,585 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,830,585 |
| Total Program Service Revenue | $0 |
| Investment income | $219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,924,306 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $121,346 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,375 |
| Compensation of current officers, directors, key employees. | $22,034 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $547,435 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,996 |
| Payroll taxes | $75,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,467 |
| Fees for services: Accounting | $6,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,705 |
| Advertising and promotion | $72,904 |
| Office expenses | $112,696 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $128,171 |
| Travel | $1,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $51,754 |
| All other expenses | $0 |
| Total functional expenses | $2,086,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $186,583 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,954 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,947 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,185 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,294 |
| Total assets | $285,963 |
| Accounts payable and accrued expenses | $51,108 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,294 |
| Total liabilities | $74,402 |
| Net assets without donor restrictions | $211,561 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $285,963 |
Grants Awarded
Over the last fiscal year, Hartsprings Foundation Inc has awarded $119,849 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF HAMPDEN COUNTY INC PURPOSE: SUPPORT OF BIG BROTHERS BIG SISTERS ORGANIZATION. | $79,160 |
BIG BROTHERS BIG SISTERS OF CENTRAL MASSMETROWEST PURPOSE: SUPPORT OF BIG BROTHERS BIG SISTERS ORGANIZATION. | $14,969 |
NUTMEG BIG BROTHERS BIG SISTERS PURPOSE: SUPPORT OF BIG BROTHERS BIG SISTERS ORGANIZATION. | $25,720 |