The Hadnott Foundation Inc
- Assets
- $223.1k
- Revenue
- $56.9k
- Investments
- $141.7k
- Employees
- 0
- Location
- Teaneck, NJ
- Founding
- 09/2000
- Data as of
- 12/2021
- EIN
- 22-3741852
Organization Overview
The Hadnott Foundation Inc is located in Teaneck, NJ. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public 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. Hadnott 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, Hadnott Foundation Inc generated $56.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $25.2k during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT SOCIAL AND COMMUNITY BASED PROGRAMS.
TO PROVIDE OPPORTUNITIES FOR YOUNG PEOPLE TO ACHIEVE ACADEMIC SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Hadnott President | 1 | $0 | |
Glenda Hadnott-Boddie Secretary | 1 | $0 | |
Barbara Modeste Hadnott Board Member | 1 | $0 | |
Jonathan B Collins Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,906 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,293 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,667 |
| Capital Gain Net Income | $6,667 |
| Net ST Capital Gain | $5,433 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,866 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,672 |
| Total operating and administrative expenses | $22,672 |
| Contributions, gifts, grants paid | $2,564 |
| Total expenses and disbursements | $25,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,155 |
| Savings and temporary cash investments | $0 |
| 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 | $67,054 |
| Investments—mortgage loans | $0 |
| Investments—other | $141,744 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $107 |
| Total assets | $223,060 |
| 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, The Hadnott Foundation Inc has awarded $2,564 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO FUND SCHOLARSHIPS. | $2,064 |
New Rochelle, NY PURPOSE: TO FUND SCHOLARSHIPS. | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |
New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Enveritas Inc New York, NY | $2,653,436 | $10,002,673 |
Rodef Chesed Brooklyn, NY | $766,824 | $8,077,248 |
Tomchai Torah Beretz Yisrael Inc Monsey, NY | $767,829 | $7,981,285 |
Howard S And Deborah Jonas Foundation Inc Newark, NJ | $31,913,606 | $3,298,041 |
Virgin Unite Usa Inc New York, NY | $4,075,760 | $3,415,307 |
American Friends Of Kohelet Policy Forum Philadelphia, PA | $260,078 | $121,500 |
Englewood Hospital And Medical Center Foundation Inc Englewood, NJ | $99,587,008 | $18,309,140 |
Mosdos Hatorah Vhachesed Of Pnei Menachem Inc Brooklyn, NY | $56,343 | $6,197,826 |
The Nicholas J And Anna K Bouras Summit, NJ | $115,819,881 | $10,500,209 |