Hartnett Foundation
- Assets
- $2.5m
- Revenue
- $77.4k
- Investments
- $2.3m
- Employees
- 0
- Location
- Middlebury, CT
- Founding
- 09/2008
- Data as of
- 06/2023
- EIN
- 26-2452903
Organization Overview
Hartnett Foundation is located in Middlebury, CT. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Hartnett 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 06/2023, Hartnett Foundation generated $77.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $156.7k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Hartnett Foundation has awarded 18 individual grants totaling $657,000. 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 |
|---|---|---|---|
Michael Hartnett Trustee | 1 | $0 | |
Veronica Hartnett Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,577 |
| Interest on Savings | $485 |
| Dividends & Interest | $67,032 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $620 |
| Capital Gain Net Income | $620 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,710 |
| Total Revenue | $77,424 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,982 |
| Depreciation | $1,967 |
| Occupancy | $6,272 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,173 |
| Total operating and administrative expenses | $20,699 |
| Contributions, gifts, grants paid | $136,000 |
| Total expenses and disbursements | $156,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,148 |
| Savings and temporary cash investments | $91,718 |
| 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 | $72,760 |
| Investments—mortgage loans | $0 |
| Investments—other | $749,244 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,466,961 |
| 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, Hartnett Foundation has awarded $136,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ARCH BISHOP ANNUAL APPEAL PURPOSE: OPERATIONAL SUPPORT | $5,000 |
GREATER WATERBURY CAMPERSHIP FUND PURPOSE: CAMP GRANTS | $1,000 |
TEEN CANCER AMERICA PURPOSE: OPERATIONAL SUPPORT | $10,000 |
FAIRFIELD UNIVERSITY PURPOSE: SCHOLARSHIP FUND | $100,000 |
BLOCK ISLAND MEDICAL CENTER PURPOSE: OPERATIONAL SUPPORT | $10,000 |
BLOCK ISLAND FIRE DEPT PURPOSE: OPERATING SUPPORT | $10,000 |