Hardy Lane Foundation Inc
- Assets
- $12.8m
- Revenue
- -$33.3k
- Investments
- $11.0m
- Employees
- 0
- Location
- North Besthesda, MD
- Founding
- 02/2012
- Data as of
- 12/2023
- EIN
- 27-4970024
Organization Overview
Hardy Lane Foundation Inc is located in North Besthesda, MD. The organization was established in 2012. 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. Hardy Lane 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.
Since 2015, Hardy Lane Foundation Inc has awarded 58 individual grants totaling $7,973,707. 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 |
|---|---|---|---|
Alfred I Tauber Director/president | 4 | $60,738 | |
Sharon L Hall Secretary | 1 | $0 | |
Jay H Grossman Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $43,572 |
| Dividends & Interest | $229,458 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$219,828 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$86,475 |
| Total Revenue | -$33,273 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,738 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,624 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $237 |
| Printing and publications | $0 |
| Other expenses | $8,693 |
| Total operating and administrative expenses | $418,452 |
| Contributions, gifts, grants paid | $522,912 |
| Total expenses and disbursements | $941,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,761,694 |
| 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 | $3,361,421 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,788,121 |
| 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, Hardy Lane Foundation Inc has awarded $522,912 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF KISHORIT PURPOSE: GENERAL CHARITABLE SUPPORT | $250,000 |
AMERICAN SOCIETY OF THE UNIVERSITY OF HAIFA PURPOSE: GENERAL CHARITABLE SUPPORT | $250,000 |
JEWISH COMMUNITY FEDERATION OF SAN FRANCISCO PURPOSE: GENERAL CHARITABLE SUPPORT | $912 |
NEW ISRAEL FUND PURPOSE: GENERAL CHARITABLE SUPPORT | $6,000 |
US FRIENDS OF YAD EZRAH PURPOSE: GENERAL CHARITABLE SUPPORT | $10,000 |
BROTHERS FOR LIFE PURPOSE: GENERAL CHARITABLE SUPPORT | $6,000 |