The Marvin L And Norma J Hathaway Foundation
- Assets
- $562.3k
- Revenue
- $125.9k
- Investments
- $431.2k
- Employees
- 0
- Location
- Waterbury, VT
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 52-6908571
Organization Overview
The Marvin L And Norma J Hathaway Foundation is located in Waterbury, VT. The organization was established in 1998. 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. Marvin L And Norma J Hathaway 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, Marvin L And Norma J Hathaway Foundation generated $125.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $117.9k during the year ending 12/2022. While expenses have increased by 11.6% per year over the past 7 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.
Since 2016, Marvin L And Norma J Hathaway Foundation has awarded 104 individual grants totaling $679,500. 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 |
|---|---|---|---|
Norma Hathaway Trustee | 1 | $0 | |
Lynn H Bortree Trustee | 1 | $0 | |
Robert Sloan Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $565 |
| Dividends & Interest | $13,871 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $111,448 |
| Capital Gain Net Income | $111,448 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $125,884 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,358 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,349 |
| Total operating and administrative expenses | $19,357 |
| Contributions, gifts, grants paid | $98,500 |
| Total expenses and disbursements | $117,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,513 |
| Savings and temporary cash investments | $46,620 |
| 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 | $562,325 |
| 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, The Marvin L And Norma J Hathaway Foundation has awarded $98,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL VERMONT HOME HEALTH AND HOSPICE PURPOSE: OPERATIONS | $3,500 |
GREEN MOUNTAIN UNITED WAY PURPOSE: OPERATIONS | $10,000 |
ATLANTIC CLASSICAL ORCHESTRA PURPOSE: OPERATIONS | $5,000 |
HALO PURPOSE: OPERATIONS | $5,000 |
HIBISCUS CHILDREN'S CENTER PURPOSE: OPERATIONS | $5,000 |
VNA HOSPICE FOUNDATION PURPOSE: OPERATIONS | $3,500 |