The Hap Foundation Inc
- Assets
- $19.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Oakbrook Terrace, IL
- Founding
- 08/1997
- Data as of
- 12/2021
- EIN
- 36-3820916
Organization Overview
The Hap Foundation Inc is located in Oakbrook Terrace, IL. The organization was established in 1997. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hap 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.
For the year ending 12/2021, Hap Foundation Inc generated $2.1m 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 (13.2%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUILD LASTING RELATIONSHIPS TO SECURE RESOURCES TO SUSTAIN & ADVANCE THE MISSION OF JOURNEYCARE, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPRENTICESHIP PROGRAM - INITIATIVE TO SUPPORT EDUCATION, RECRUITMENT AND RETENTION OF THREE ROLES: CERTIFIED NURSING ASSISTANT (CNA), REGISTERED NURSE (RN), AND COMMUNITY HEALTH WORKER (CHW) THROUGH FORMAL APPRENTICESHIP PROGRAMS IN PARTNERSHIP WITH COMMUNITY COLLEGES ACROSS THE REGION.
PATIENT ASSISTANCE AND CHARITY CARE - THE FOUNDATION PROVIDED THESE GRANTS TO COVER THE COST OF HOSPICE CARE FOR INDIVIDUALS WHO ARE UNINSURED OR UNDERINSURED TO THE EXTENT THAT THEY DO NOT HAVE THE ABILITY TO PAY FOR HOSPICE CARE PRIVATELY. THESE FUNDS WERE ALSO USED FOR COMFORT AND JOY REQUESTS TO ASSIST PATIENTS AND FAMILIES BY IMPROVING QUALITY OF LIFE AND FULFILLING END OF LIFE GOALS.
INTEGRATIVE THERAPY-THE FOUNDATION PROVIDED THESE GRANTS TO SUPPORT INTEGRATIVE THERAPIES. THESE SERVICES INCORPORATE PET THERAPY, MUSIC THERAPY AND MUSIC THANATOLOGY, AROMATHERAPY, ART THERAPY, MASSAGE THERAPY AND COMPASSIONATE TOUCH. THESE THERAPIES MANAGE SYMPTOMS, CALM THE MIND, CONSOLE THE HEART AND RELAX THE MIND, BODY AND SPIRIT. THESE ARE UNFUNDED SERVICES THAT HELP ENHANCE THE PATIENT'S HOSPICE EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $262,733 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,910,097 |
| Noncash contributions included in lines 1a–1f | $63,170 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,172,830 |
| Total Program Service Revenue | $0 |
| Investment income | $85,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$129,059 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,129,468 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $451,598 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,998 |
| Fees for services: Accounting | $6,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,742 |
| Fees for services: Other | $45,000 |
| Advertising and promotion | $0 |
| Office expenses | $49,450 |
| Information technology | $80,584 |
| Royalties | $0 |
| Occupancy | $94,824 |
| Travel | $8,506 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,970 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,245 |
| Insurance | $18,482 |
| All other expenses | $29,563 |
| Total functional expenses | $2,925,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,050,426 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $426,229 |
| Accounts receivable, net | $9,614 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,754 |
| Net Land, buildings, and equipment | $38,172 |
| Investments—publicly traded securities | $2,034,685 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,390,683 |
| Total assets | $18,979,563 |
| Accounts payable and accrued expenses | $11,517 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,616 |
| Total liabilities | $56,133 |
| Net assets without donor restrictions | $13,597,196 |
| Net assets with donor restrictions | $5,326,234 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,979,563 |
Grants Recieved
Over the last fiscal year, we have identified 30 grants that The Hap Foundation Inc has recieved totaling $427,381.
| Awarding Organization | Amount |
|---|---|
Coleman Foundation Inc Chicago, IL PURPOSE: HEALTH AND REHABILITATION - PROGRAM SUPPORT | $166,000 |
Circle Of Service Foundation Chicago, IL PURPOSE: COMMUNITY SERVICES | $100,000 |
A D Johnson Foundation Glenview, IL PURPOSE: MEDICAL-TERMINALLY ILL | $25,000 |
The Topfer Family Foundation Austin, TX PURPOSE: TO SUPPORT HOSPICE AND PALLIATIVE CARE FOR MEDICALLY-FRAGILE CHILDREN | $20,300 |
The Duchossois Family Foundation Chicago, IL PURPOSE: GENERAL OPERATING | $15,000 |
Coleman Foundation Inc Chicago, IL PURPOSE: HEALTH AND REHABILITATION - GENERAL OPERATING SUPPORT | $12,500 |
Endowment Analysis
| Beg. Balance | $1,327,274 |
| Earnings | $224,644 |
| Ending Balance | $1,551,918 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Good Neighbor Society Manchester, IA | $17,383,047 | $14,618,459 |
Our Lady Of Angels Retirement Home Joliet, IL | $4,374,771 | $9,679,285 |
Mount St Joseph Lake Zurich, IL | $18,625,069 | $8,392,155 |
Fabricators & Manufacturers Association International Elgin, IL | $36,664,883 | $10,492,496 |
St Josephs Home Of Springfield Springfield, IL | $6,765,138 | -$5,947,093 |
Plain Church Medical Group Inc Arthur, IL | $1,903,756 | $9,584,459 |
Lutheran Home For The Aged Development Corp Prairie View Luth Danforth, IL | $5,765,834 | $9,143,268 |
Holy Spirit Retirement Home Inc Sioux City, IA | $7,907,297 | $9,080,099 |
Brahmananda Saraswati Yagya Foundation Fairfield, IA | $15,294,355 | $10,246,793 |
Indianapolis Center For Congregations Inc Indianapolis, IN | $32,027,513 | $626,552 |
Ssm Health Foundation St Louis St Louis, MO | $35,477,442 | $11,468,412 |
United Methodist Village Retirement Communities Inc Godfrey, IL | $18,283,549 | $6,023,474 |