Edward W Hazen Foundation Incorporated
- Assets
- $2.7m
- Revenue
- $160.5k
- Investments
- $1.0m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 05/1938
- Data as of
- 12/2023
- EIN
- 06-0646671
Organization Overview
Edward W Hazen Foundation Incorporated is located in Brooklyn, NY. The organization was established in 1938. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Edward W Hazen Foundation Incorporated 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, Edward W Hazen Foundation Incorporated generated $160.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (40.2%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Edward W Hazen Foundation Incorporated has awarded 331 individual grants totaling $16,841,220. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alberto Retana Vice Chair | 3 | $0 | |
Hashim Benford Trustee | 2 | $0 | |
Rashad Robinson Trustee | 2 | $0 | |
Sanjiv Rao Trustee | 2 | $0 | |
Lori Bezahler President/secretary | 40 | $252,709 | |
Steve Fahrer Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $32,447 |
| Dividends & Interest | $28,727 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $99,366 |
| Capital Gain Net Income | $99,366 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $160,540 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $252,709 |
| Other employee salaries and wages | $114,831 |
| Pension plans, employee benefits | $120,490 |
| Interest | $0 |
| Taxes | $1,917 |
| Depreciation | $0 |
| Occupancy | $40,218 |
| Travel, conferences, and meetings | $81,427 |
| Printing and publications | $397 |
| Other expenses | $45,273 |
| Total operating and administrative expenses | $941,626 |
| Contributions, gifts, grants paid | $1,964,500 |
| Total expenses and disbursements | $2,906,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,629,811 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $21,766 |
| 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 | $1,036,212 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,088 |
| Total assets | $2,702,035 |
| Accounts payable and accrued expenses | $43,336 |
| Grants payable | $1,087,000 |
| 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 | $1,130,336 |
Grants Awarded
Over the last fiscal year, Edward W Hazen Foundation Incorporated has awarded $4,958,130 in support to 119 organizations.
| Grant Recipient | Amount |
|---|---|
A BETTER WAY FOUNDATION PURPOSE: GENERAL AND PROJECT SUPPORT | $10,000 |
A BETTER WAY FOUNDATION PURPOSE: GENERAL AND PROJECT SUPPORT | $100,000 |
A BETTER WAY FOUNDATION PURPOSE: GENERAL AND PROJECT SUPPORT | $100,000 |
ASSOCIATION OF BLACK FOUNDATION EXECUTIVES PURPOSE: GENERAL AND PROJECT SUPPORT | $2,500 |
ASSOCIATION OF BLACK FOUNDATION EXECUTIVES PURPOSE: GENERAL AND PROJECT SUPPORT | $2,500 |
ACTION IN MONTGOMERY PURPOSE: GENERAL AND PROJECT SUPPORT | $50,000 |