William A Hagan Jr Foundation
- Assets
- $3.5m
- Revenue
- $158.7k
- Investments
- $3.3m
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 11/2014
- Data as of
- 12/2022
- EIN
- 35-7053791
Organization Overview
William A Hagan Jr Foundation is located in Garden City, NY. The organization was established in 2014. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. William A Hagan Jr 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, William A Hagan Jr Foundation generated $158.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (32.2%) each year. All expenses for the organization totaled $263.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, William A Hagan Jr Foundation has awarded 118 individual grants totaling $1,530,500. 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 |
|---|---|---|---|
Joseph A Cimilluca Trustee | 1 | $10,000 | |
Mark J Brosnan Trustee | 1 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $409 |
| Dividends & Interest | $152,626 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,650 |
| Capital Gain Net Income | $5,650 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $158,685 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,365 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $384 |
| Total operating and administrative expenses | $83,151 |
| Contributions, gifts, grants paid | $180,000 |
| Total expenses and disbursements | $263,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,136 |
| Savings and temporary cash investments | $200,564 |
| 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 | $216,551 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $728 |
| Total assets | $3,511,249 |
| 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, William A Hagan Jr Foundation has awarded $180,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
SETON HALL PREPARATORY SCHOOL PURPOSE: GRIFFIN BRIDGES FUND | $20,000 |
CHAMINADE HIGH SCHOOL PURPOSE: TORCH FUND | $10,000 |
CONCERN WORLDWIDE PURPOSE: GENERAL FUND | $20,000 |
NAOMI BERRIE DIABETES CENTER PURPOSE: CURRENT USE FUND FOR TREATMENT OF CHILDREN WITH JUVENILE DIABETES. | $10,000 |
COLUMBIA UNIVERSITY MEDICAL CENTER PURPOSE: CURRENT USE FUND FOR TREATMENT OF CHILDREN WITH PEDIATRIC OPHTHALMOLOGY ISSUES OR DISABILITIES. | $10,000 |
HENRY VISCARDI SCHOOL PURPOSE: GENERAL PURPOSE FUND | $25,000 |