Hassel Foundation
- Assets
- $5.6m
- Revenue
- $125.8k
- Investments
- $5.5m
- Employees
- 0
- Location
- Plymouth Meeting, PA
- Founding
- 09/1963
- Data as of
- 12/2022
- EIN
- 23-6251862
Organization Overview
Hassel Foundation is located in Plymouth Meeting, PA. The organization was established in 1963. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hassel 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, Hassel Foundation generated $125.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.5%) each year. All expenses for the organization totaled $384.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Hassel Foundation has awarded 266 individual grants totaling $1,571,175. 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 |
|---|---|---|---|
Jay L Goldberg Esquire Trustee | 10 | $0 | |
Andrew Goldberg Trustee | 1 | $0 | |
Maxine Goldberg Trustee | 1 | $0 | |
Elizabeth Cohen Trustee | 1 | $0 | |
David Khoury Trustee | 1 | $0 | |
Ellen Cohen Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $34 |
| Dividends & Interest | $131,777 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,412 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,430 |
| Total Revenue | $125,829 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,891 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,653 |
| Total operating and administrative expenses | $82,912 |
| Contributions, gifts, grants paid | $302,025 |
| Total expenses and disbursements | $384,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,313 |
| Savings and temporary cash investments | $75,422 |
| 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 | $208,326 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,640,229 |
| 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, Hassel Foundation has awarded $302,025 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
ARDEN THEATER PURPOSE: ARTS EDUCATION PROGRAM | $1,500 |
ALBRIGHT COLLEGE PURPOSE: SCHOLARSHIP | $2,650 |
BETHEL PRESBYTERIAN FOOD PANTRY PURPOSE: FOOD DISTRIBUTION PROGRAM | $2,000 |
BOSTON UNIVERSITY PURPOSE: SCHOLARSHIP | $2,000 |
CASA DEL CARMEN FOOD PANTRY PURPOSE: FOOD DISTRIBUTION PROGRAM | $2,000 |
COMMUNITY COLLEGE OF PHILADELPHIA PURPOSE: HASSEL SCHOLARSHIP50TH ANNIVERSARY | $20,000 |