Hognander Foundation
- Assets
- $1.2m
- Revenue
- $198.4k
- Investments
- $1.2m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 02/2000
- Data as of
- 12/2023
- EIN
- 41-1953881
Organization Overview
Hognander Foundation is located in Minneapolis, MN. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Hognander 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 12/2023, Hognander Foundation generated $198.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $134.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hognander Foundation has awarded 112 individual grants totaling $1,101,548. 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 |
|---|---|---|---|
Orville C Hognander Jr President/treasurer | 1 | $0 | |
Thomas Lyon Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $73,339 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $114,715 |
| Capital Gain Net Income | $114,715 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,308 |
| Total Revenue | $198,362 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,620 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $5,520 |
| Contributions, gifts, grants paid | $129,225 |
| Total expenses and disbursements | $134,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,095 |
| 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 | $92,625 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,104 |
| Total assets | $1,219,764 |
| 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, Hognander Foundation has awarded $129,225 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ABBOTT NORTHWESTERN HOSPITAL FOUNDATION PURPOSE: OPERATING FUNDS | $1,000 |
AMERICAN SCANDINAVIAN FOUNDATION PURPOSE: OPERATING FUNDS | $1,500 |
AMERICAN SWEDISH INSTITUTE PURPOSE: OPERATING FUNDS | $3,000 |
AUGSBURG UNIVERSITY PURPOSE: OPERATING FUNDS | $3,000 |
BOLDER OPTIONS PURPOSE: OPERATING FUNDS | $500 |
CHURCH IN THE FOREST PURPOSE: OPERATING FUNDS | $1,000 |