Hasso Serrano Foundation
- Assets
- $4.0m
- Revenue
- $75.7k
- Investments
- $3.8m
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 47-3441330
Organization Overview
Hasso Serrano Foundation is located in Irvine, CA. The organization was established in 2016. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hasso Serrano 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 12/2021, Hasso Serrano Foundation generated $75.7k 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 (40.9%) each year. All expenses for the organization totaled $200.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hasso Serrano Foundation has awarded 53 individual grants totaling $951,357. 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 |
|---|---|---|---|
Luis Serrano President/ceo | 1 | $0 | |
James Matthews Vice President/cfo/secreta | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $51,518 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,166 |
| Capital Gain Net Income | $24,166 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,684 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $680 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,199 |
| Contributions, gifts, grants paid | $190,750 |
| Total expenses and disbursements | $200,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,812 |
| Savings and temporary cash investments | $124,967 |
| 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 | $3,666,326 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $20 |
| Total assets | $3,975,375 |
| 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, Hasso Serrano Foundation has awarded $190,750 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Austin, TX PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO PROVIDE AND SUSTAIN DISTRICT-WIDE OPPORTUNITIES FOR EDUCATION EXCELLENCE WITHIN THE ESD | $50,000 |
Los Angeles, CA PURPOSE: THE MARION ANDERSON BUILDING FUND - THE ANDERSON SCHOOL | $35,000 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO BE AT THE FOREFRONT OF MEDICINE BY FOSTERING A CULTURE OF COLLABORATION, PUSHING THE BOUNDARIES OF MEDICAL RESEARCH, EDUCATING THE BRIGHTEST MEDICAL MINDS AND MAINTAINING AN UNWAVERING COMMITMENT TO THE DIVERSE COMMUNITIES WE SERVE. | $20,000 |
MAKE A WISH FOUNDATION PURPOSE: TO PROVIDE BENEFITS TO CRITICALLY ILL CHILDREN | $10,000 |
CENTER FOR CHILD PROTECTION TRAVIS COUNTY PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO REDUCE THE TRAUMA FOR CHILDREN DURING INVESTIGATION AND PROSECUTION OF CHILD ABUSE CASES. | $10,000 |
DELL CHILDREN'S TRUST PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO ACTIVELY SEEK AND INVEST CHARITABLE SUPPORT FOR THE ASCENSION SETON TO IMPROVE THE HEALTH AND WELL-BING OF ALL PEOPLE IN THE COMMUNITIES THEY SERVE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hasso Serrano Foundation has recieved totaling $3,000,000.
| Awarding Organization | Amount |
|---|---|
B Hasso Family Foundation Anaheim, CA PURPOSE: TO PROVIDE RESOURCES TO FUND THE ORGANIZATION'S CHARITABLE PURPOSE | $3,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dream Center Foundation A California Non Profit Corporation Los Angeles, CA | $35,184,987 | $26,309,284 |
Connections For Children Los Angeles, CA | $5,706,672 | $17,856,000 |
Andre Agassi Foundation For Education Las Vegas, NV | $0 | $4,556,669 |
Give Foundation Inc San Ramon, CA | $1,969,969 | $6,365,331 |
Humangood Foundation West Duarte, CA | $80,965,021 | $8,515,405 |
Southeastern Arizona Community Action Program Inc Safford, AZ | $455,386 | $2,811,093 |
Leoa Foundation Loomis, CA | $6,988 | $2,417,315 |
Stater Bros Charities San Bernardino, CA | $4,078,783 | $4,166,835 |
Another Round Another Rally Phoenix, AZ | $1,059,733 | $1,710,638 |
Foster Family Charitable Foundation Stockton, CA | $29,209,891 | $2,797,877 |
Southern Oregon Friends Of Hospice Medford, OR | $5,540,085 | $3,156,686 |
Phoenix Suns Charities Inc Phoenix, AZ | $1,755,436 | $2,395,370 |