Laurents Hatcher Foundation Inc
- Assets
- $20.4m
- Revenue
- $1.5m
- Investments
- $14.5m
- Employees
- 0
- Location
- Riverhead, NY
- Founding
- 06/1965
- Data as of
- 12/2021
- 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 12/2021, Laurents Hatcher Foundation Inc generated $1.5m 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 (10.9%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Laurents Hatcher Foundation Inc has awarded 151 individual grants totaling $8,880,000. 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 | $164,094 | |
Patricia Mccorkle Secretary/director | 10 | $0 | |
Judith Rubin Treasurer/director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,585 |
| Dividends & Interest | $248,627 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $998,332 |
| Capital Gain Net Income | $998,332 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $256,826 |
| Total Revenue | $1,506,370 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $132,083 |
| Other employee salaries and wages | $38,000 |
| Pension plans, employee benefits | $0 |
| Interest | $129 |
| Taxes | $51,485 |
| Depreciation | $0 |
| Occupancy | $289,825 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $385,071 |
| Total operating and administrative expenses | $1,146,848 |
| Contributions, gifts, grants paid | $2,465,000 |
| Total expenses and disbursements | $3,611,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,280 |
| Savings and temporary cash investments | $2,150,400 |
| 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 | $1,997,330 |
| Other assets | $1,692,256 |
| Total assets | $20,433,004 |
| 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 $2,465,000 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
New Brunswick, NJ PURPOSE: SUPPORT FOR NEW BRUNSWICK PERFORMING ARTS CENTER | $400,000 |
New Brunswick, NJ PURPOSE: NON-PROFIT THEATER - GENERAL OPERATIONS | $360,000 |
ATLANTIC THEATER COMPANY PURPOSE: NON-PROFIT THEATER - EMERGENCY COVID SUPPORT | $160,000 |
THE PUBLIC THEATER PURPOSE: ANNUAL AWARD | $100,000 |
Chicago, IL PURPOSE: NON-PROFIT THEATER - EMERGENCY COVID SUPPORT | $100,000 |
Los Angeles, CA PURPOSE: NON-PROFIT THEATER - EMERGENCY COVID SUPPORT | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |