Gregg W Hanson Charitable Foundation
- Assets
- $180.2k
- Revenue
- $102.2k
- Investments
- $63.8k
- Employees
- 0
- Location
- Spicer, MN
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 41-1766551
Organization Overview
Gregg W Hanson Charitable Foundation is located in Spicer, MN. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is the central organization for a national or regional group of organizations. Gregg W Hanson Charitable 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, Gregg W Hanson Charitable Foundation generated $102.2k in total revenue. All expenses for the organization totaled $89.6k during the year ending 12/2022. While expenses have increased by 103.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregg W Hanson President | 0.5 | $0 | |
Linda C Hanson Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,253 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$59 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $102,194 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,228 |
| Total operating and administrative expenses | $13,253 |
| Contributions, gifts, grants paid | $76,298 |
| Total expenses and disbursements | $89,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,469 |
| Savings and temporary cash investments | $0 |
| 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 | $63,774 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $180,243 |
| 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, Gregg W Hanson Charitable Foundation has awarded $76,298 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CONCORDIA COLLEGE PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |
GREEN LAKE LUTHERAN PURPOSE: CHARITABLE CONTRIBUTION | $1,050 |
SALVATION ARMY PURPOSE: CHARITABLE CONTRIBUTION | $250 |
PRAIRIE WINDS CONCERT BAND PURPOSE: CHARITABLE CONTRIBUTION | $100 |
WEST CENTRAL YOUTH FOR CHRIST PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
YOUTH FOR CHRIST INTERNATIONAL PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |