Laurents Hatcher Foundation Inc
- Assets
- $19.6m
- Revenue
- $2.1m
- Investments
- $14.8m
- Employees
- 0
- Location
- Riverhead, NY
- Founding
- 06/1965
- Data as of
- 12/2022
- EIN
- 13-6114331
Organization Overview
Laurents Hatcher Foundation Inc is located in Riverhead, NY. The organization was established in 1965. 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. Laurents Hatcher 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, Laurents Hatcher Foundation Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Laurents Hatcher Foundation Inc has awarded 170 individual grants totaling $10,150,000. 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 |
|---|---|---|---|
David Saint President/director | 35 | $185,173 | |
Judith Rubin Treasurer/director | 10 | $0 | |
Patricia Mccorkle Secretary/director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,284 |
| Dividends & Interest | $313,533 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,436,898 |
| Capital Gain Net Income | $1,436,898 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $377,402 |
| Total Revenue | $2,129,117 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $135,000 |
| Other employee salaries and wages | $38,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,655 |
| Depreciation | $0 |
| Occupancy | $377,141 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $391,494 |
| Total operating and administrative expenses | $1,200,765 |
| Contributions, gifts, grants paid | $1,270,000 |
| Total expenses and disbursements | $2,470,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,072 |
| Savings and temporary cash investments | $1,195,423 |
| 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 | $53,059 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,089,497 |
| Other assets | $1,244,807 |
| Total assets | $19,612,219 |
| 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, Laurents Hatcher Foundation Inc has awarded $1,270,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CONSERVATORY THEATER PURPOSE: NON-PROFIT THEATER - EMERGENCY COVID SUPPORT | $60,000 |
BERKELEY REPERTORY PURPOSE: NON-PROFIT THEATER - EMERGENCY COVID SUPPORT | $25,000 |
MANHATTAN CLASS COMPANY PURPOSE: NON-PROFIT THEATER - EMERGENCY COVID SUPPORT | $60,000 |
MANHATTAN THEATRE CLUB PURPOSE: NON-PROFIT THEATER - EMERGENCY COVID SUPPORT | $60,000 |
PAGE 73 PRODUCTIONS PURPOSE: TO SUPPORT A NON-PROFIT THEATER | $15,000 |
THE OLD GLOBE PURPOSE: NON-PROFIT THEATER - EMERGENCY COVID SUPPORT | $60,000 |