Hastings Mutual Insurance Company Charitable Foundation
- Assets
- $3.6m
- Revenue
- $181.8k
- Investments
- $3.3m
- Employees
- 0
- Location
- Hastings, MI
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 20-2031029
Organization Overview
Hastings Mutual Insurance Company Charitable Foundation is located in Hastings, MI. The organization was established in 2006. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Hastings Mutual Insurance Company Charitable 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 12/2022, Hastings Mutual Insurance Company Charitable Foundation generated $181.8k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $151.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hastings Mutual Insurance Company Charitable Foundation has awarded 95 individual grants totaling $432,852. 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 |
|---|---|---|---|
Christopher J Fluke Director | 5 | $0 | |
Kellie M Haines Director | 5 | $0 | |
Mark A Kolanowski Director | 5 | $0 | |
Bruce J Osterink Director | 5 | $0 | |
Michael T Kinnary Treasurer | 5 | $0 | |
Michael W Puerner Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $123,496 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,283 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20 |
| Capital Gain Net Income | $20 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $181,799 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | -$7,071 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,174 |
| Total operating and administrative expenses | -$1,897 |
| Contributions, gifts, grants paid | $153,197 |
| Total expenses and disbursements | $151,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,978 |
| Savings and temporary cash investments | $222,004 |
| Net Accounts receivable | $139,077 |
| 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 | $289 |
| Total assets | $3,643,961 |
| Accounts payable and accrued expenses | $11,360 |
| 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 | $11,360 |
Grants Awarded
Over the last fiscal year, Hastings Mutual Insurance Company Charitable Foundation has awarded $153,197 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
THORNAPPLE KELLOGG SCHOOLS PURPOSE: SILENT PARTNER - VARIOUS ITEMS FOR STUDENTS IN NEED AND A DONATION TO THE ALL NIGHT GRADUATION PARTY. | $777 |
PINE REST CHRISTIAN MENTAL HEALTH S PURPOSE: SILENT PARTNER - DONATIONS FOR STUDENT PROGRAMS AND COUNSELING SERVICES FOR STUDENTS. | $38,039 |
LAKEWOOD PROJECT GRADUATION PURPOSE: SILENT PARTNER - FUNDING FOR STUDENTS ALL NIGHT GRADUATION PARTY. | $500 |
PARENTS OF HASTINGS HIGH SCHOOL SEN PURPOSE: SILENT PARTNER - DONATIONS FOR STUDENTS ALL NIGHT PARTY. | $1,000 |
INTERFAITH HOSPITALITY NETWORK OF S PURPOSE: TO SUPPORT IHN'S SERVICE TO THE HOMELESS FAMILIES AND INDIVIDUALS IN SPRINGFIELD CLARK COUNTY OHIO. | $3,500 |
VICTORY DREAM CENTER PURPOSE: TO FINANCIALLY SUPPORT ACTIVE FOOD PANTRY TO HELP OVER 400 FAMILIES FOR THANKSGIVING AND CHRISTMAS HOLIDAYS FOR CARBONDALE COMMUNITY. | $2,500 |