Irving A Hansen Memorial Foundation
- Assets
- $7.5m
- Revenue
- $530.2k
- Investments
- $7.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/1983
- Data as of
- 07/2024
- EIN
- 13-3177338
Organization Overview
Irving A Hansen Memorial Foundation is located in Chicago, IL. The organization was established in 1983. 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. Irving A Hansen Memorial 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 07/2024, Irving A Hansen Memorial Foundation generated $530.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $510.4k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Irving A Hansen Memorial Foundation has awarded 44 individual grants totaling $2,314,000. 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 |
|---|---|---|---|
Name Not Listed Trustee | 10 | $106,553 | |
Andrew L Tansey Trustee | 10 | $12,894 | |
Judith Hibberd Co-Trustee | 10 | $12,894 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $262,866 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $267,300 |
| Capital Gain Net Income | $267,300 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $530,166 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $132,341 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,821 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $145,412 |
| Contributions, gifts, grants paid | $365,000 |
| Total expenses and disbursements | $510,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,388 |
| Savings and temporary cash investments | $426,844 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,533,031 |
| 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, Irving A Hansen Memorial Foundation has awarded $365,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DOWNTOWN CLINIC PURPOSE: GENERAL | $30,000 |
AVERA FOUNDATION PURPOSE: GENERAL | $125,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: GENERAL | $80,000 |
COLD SPRING HARBOR LABORATORY PURPOSE: GENERAL | $60,000 |
MARC LUSTGARTEN PANCREATIC CANCER PURPOSE: GENERAL | $70,000 |