Hansen Family Foundation
- Assets
- $2.2m
- Revenue
- $150.9k
- Investments
- $2.2m
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 01/2008
- Data as of
- 12/2022
- EIN
- 20-8102394
Organization Overview
Hansen Family Foundation is located in Virginia Beach, VA. The organization was established in 2008. 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. Hansen Family 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, Hansen Family Foundation generated $150.9k 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 (11.2%) each year. All expenses for the organization totaled $224.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hansen Family Foundation has awarded 170 individual grants totaling $1,080,836. 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 |
|---|---|---|---|
Cherrie Hansen Co-Founder/t | 0 | $0 | |
Richard Hansen Co-Founder/t | 0 | $0 | |
Caleb Hansen Treasurer | 0 | $4,000 | |
John T Cole Board Member | 0 | $1,000 | |
Rebecca Hansen Vice Preside | 0 | $5,000 | |
Keith Carl President | 0 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $76,905 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,923 |
| Capital Gain Net Income | $89,898 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20 |
| Total Revenue | $150,851 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,195 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $51,070 |
| Printing and publications | $0 |
| Other expenses | $4,590 |
| Total operating and administrative expenses | $127,310 |
| Contributions, gifts, grants paid | $97,000 |
| Total expenses and disbursements | $224,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,213 |
| 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 | $2,228,651 |
| 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, Hansen Family Foundation has awarded $97,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FOUND FOR SUICIDE PREVENT PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE | $2,500 |
BREAST CANCER ANGELS PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE | $5,000 |
CAMP HOLIDAY TRAILS PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE | $5,000 |
HERMITAGE MUSEUM & GARDENS PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSS | $7,500 |
CIRCLE A HOME FOR HORSES INC PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE | $2,000 |
NEW BEFORD STAR KIDS SCHOLARSHIP PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE | $5,000 |