Hattie M Strong Foundation
- Assets
- $26.6m
- Revenue
- $1.5m
- Investments
- $26.3m
- Employees
- 0
- Location
- Springfield, VA
- Founding
- 02/1929
- Data as of
- 08/2023
- EIN
- 53-0237223
Organization Overview
Hattie M Strong Foundation is located in Springfield, VA. The organization was established in 1929. 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. Hattie M Strong 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 08/2023, Hattie M Strong Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $2.1m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hattie M Strong Foundation has awarded 452 individual grants totaling $5,469,804. 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 |
|---|---|---|---|
Henry L Strong President/chairman | 5 | $0 | |
Bente Strong Director | 1 | $0 | |
H Gregory Platts Director | 2 | $0 | |
Robin C Tanner Sec/treas-Exec. Director | 35 | $140,809 | |
Sigrid S Reynolds Vice President | 2 | $0 | |
John M Lynham Jr Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ross C Little | 8/30/23 | $102,262 |
Jessica Trevelyan | 8/30/23 | $62,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,135 |
| Interest on Savings | $5,289 |
| Dividends & Interest | $742,049 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $761,585 |
| Capital Gain Net Income | $761,585 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,534,058 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $140,809 |
| Other employee salaries and wages | $108,098 |
| Pension plans, employee benefits | $87,740 |
| Interest | $0 |
| Taxes | $49,203 |
| Depreciation | $0 |
| Occupancy | $49,029 |
| Travel, conferences, and meetings | $776 |
| Printing and publications | $0 |
| Other expenses | $63,934 |
| Total operating and administrative expenses | $693,227 |
| Contributions, gifts, grants paid | $1,426,865 |
| Total expenses and disbursements | $2,120,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $89,839 |
| Net Accounts receivable | $270,395 |
| 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 | $25,257,560 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,642,630 |
| 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, Hattie M Strong Foundation has awarded $1,426,865 in support to 106 organizations.
| Grant Recipient | Amount |
|---|---|
ALICE FERGUSON FOUNDATION PURPOSE: OST (AFTER SCHOOL SUMMER HOLISTIC ENRICHMENT ENVIRO/OUTDOORS) | $20,000 |
BEACON HOUSE PURPOSE: OST (AFTER SCHOOL SUMMER HOLISTIC ENRICHMENT) | $25,000 |
BERKELEY GLENN ELEMENTARY SCHOOL PURPOSE: SCHOOL SUPPLIES | $519 |
ARENA STAGE PURPOSE: OST (AFTER SCHOOL SUMMER ARTS ENRICHMENT) | $5,000 |
BLACK SWAN ACADEMY PURPOSE: OST (AFTER SCHOOL SUMMER HOLISTIC ENRICHMENT/YOUTH ADVOCACY) | $25,000 |
BLUFORD-PEELER STEAM ACADEMY PURPOSE: SCHOOL SUPPLIES | $509 |