Albert G & Grace Hahn Educational Foundation Of Indiana Hosp Assoc
- Assets
- $1.6m
- Revenue
- $27.1k
- Investments
- $1.4m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 07/1962
- Data as of
- 11/2022
- EIN
- 35-6020062
Organization Overview
Albert G & Grace Hahn Educational Foundation Of Indiana Hosp Assoc is located in Indianapolis, IN. The organization was established in 1962. 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. Albert G & Grace Hahn Educational Foundation Of Indiana Hosp Assoc 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 11/2022, Albert G & Grace Hahn Educational Foundation Of Indiana Hosp Assoc generated $27.1k 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 (16.9%) each year. All expenses for the organization totaled $95.4k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Albert G & Grace Hahn Educational Foundation Of Indiana Hosp Assoc has awarded 21 individual grants totaling $801,264. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL GIFT TO INDIANA UNIVERSITY FOR THE PURPOSE OF ESTABLISHING THE KEN AND CINDY STELLA SCHOLARSHIP & SPONSORSHIP OF MASTERS IN HEALTH ADMINISTRATION PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Murphy President | 2 | $0 | |
Brad Smith Vice President | 2 | $0 | |
Carol Dozier Secretary/treasurer Term Began | 2 | $0 | |
Robert Mclin President Term Ended | 2 | $0 | |
Brian Tabor Executive Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $28,750 |
| Interest on Savings | $50,031 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$51,667 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,114 |
| 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 | $0 |
| Total operating and administrative expenses | $15,438 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $95,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $177,289 |
| 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 | $19,633 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,560,213 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $25,673 |
| 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 | $25,673 |
Grants Awarded
Over the last fiscal year, Albert G & Grace Hahn Educational Foundation Of Indiana Hosp Assoc has awarded $58,750 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
IU FOUNDATION SCHOOL OF MEDICINE DEPARTMENT OF PUBLIC HEALTH PURPOSE: SPONSORSHIP & SCHOLARSHIPS TO STUDENTS IN THE MASTERS IN HEALTH ADMINISTRATION PROGRAM | $20,000 |
INDIANA NATIONAL GUARD PURPOSE: SPONSORSHIP | $28,750 |
KENTUCKY HOSPITAL ASSOCIATION PURPOSE: KENTUCKY HOSPITAL EMPLOYEE RELIEF OPERATION | $10,000 |