The Hadnott Foundation Inc
- Assets
- $215.2k
- Revenue
- $27.3k
- Investments
- $132.9k
- Employees
- 0
- Location
- Teaneck, NJ
- Founding
- 09/2000
- Data as of
- 12/2023
- 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 12/2023, Hadnott Foundation Inc generated $27.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $28.7k during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 9 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
2023
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 | $24,505 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,059 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,283 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $703 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,281 |
| 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 | $24,222 |
| Total operating and administrative expenses | $24,222 |
| Contributions, gifts, grants paid | $4,502 |
| Total expenses and disbursements | $28,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,052 |
| 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 | $132,945 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $107 |
| Total assets | $215,158 |
| 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 $4,502 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NJ CHAPTER BERGEN CO LINKS INC PURPOSE: TO FUND SCHOLARSHIPS AND SOCIAL & COMMUNITY ORGANIZATIONS. | $1,754 |
ONE HUNDRED BLACK MEN PURPOSE: TO FUND SCHOLARSHIPS. | $1,548 |
NATIONAL COALITION OF 100 BLACK WOM PURPOSE: TO FUND SOCIAL & COMMUNITY ORGANIZATIONS. | $200 |
NORTH HIGHLAND MEMORIAL COMM CENTER PURPOSE: TO FUND SOCIAL & COMMUNITY ORGANIZATIONS. | $250 |
LAMBS OF HIGHGATE PURPOSE: TO FUND SOCIAL & COMMUNITY ORGANIZATIONS. | $150 |
TEANECK UNITED METHODIST CHURCH PURPOSE: TO FUND SOCIAL & COMMUNITY ORGANIZATIONS. | $100 |