Hanson Family Foundation
- Assets
- $501.7k
- Revenue
- $578.4k
- Investments
- $488.7k
- Employees
- 0
- Location
- Andover, MN
- Founding
- 09/2016
- Data as of
- 12/2023
- EIN
- 47-5595423
Organization Overview
Hanson Family Foundation is located in Andover, MN. The organization was established in 2016. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Hanson Family 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, Hanson Family Foundation generated $578.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 57.5% each year . All expenses for the organization totaled $471.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Hanson Family Foundation has awarded 32 individual grants totaling $1,486,641. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS BRAVE HEARTS ETHIOPIA (BHE) IN PROVIDING CHILDREN A SAFE, EDUCATIONAL AND SUPPORTIVE ENVIRONMENT IN ORDER TO SUCCEED.
HANSON FAMILY FOUNDATION SUPPORTS NUMEROUS PUBLIC CHARITIES ENGAGED IN RELIGIONS, HEALTH AND SOCIAL WELFARE PROGRAMS FOR CHILDREN DOMESTICALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Hanson Director | 0.5 | $0 | |
Catherine Hanson Director | 0.5 | $0 | |
Jonathan Hanson Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $398,328 |
| Interest on Savings | $305 |
| Dividends & Interest | $9,709 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $169,404 |
| Capital Gain Net Income | $169,404 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $615 |
| Total Revenue | $578,361 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,718 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $95 |
| Total operating and administrative expenses | $8,913 |
| Contributions, gifts, grants paid | $462,341 |
| Total expenses and disbursements | $471,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,677 |
| Savings and temporary cash investments | $4,293 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $501,652 |
| 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, Hanson Family Foundation has awarded $462,341 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BRAVE HEARTS ETHIOPIA (BHE) PURPOSE: EDUCATION & HEALTH | $100,000 |
FEED MY STARVING CHILDREN PURPOSE: END HUNGER | $25,390 |
CHILDREN'S SHELTER OF CEBU PURPOSE: SUPPORT OF ORPHANS | $110,000 |
RESURRECTION ORPHANAGE PURPOSE: HOUSING & EDUCATION | $25,000 |
SAMARITAN'S PURSE PURPOSE: HUMANITARIAN AID | $50,000 |
TIM TEBOW FOUNDATION PURPOSE: HUMANITARIAN AID | $100,000 |