The Hagan Scholarship Foundation
- Assets
- $259.2m
- Revenue
- $64.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, MO
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 68-6260880
Organization Overview
The Hagan Scholarship Foundation is located in Columbia, MO. The organization was established in 2008. 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. Hagan Scholarship 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, Hagan Scholarship Foundation generated $64.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.6% each year . All expenses for the organization totaled $7.9m during the year ending 12/2021. While expenses have increased by 18.8% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $216,188 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,261,231 |
| Net Rental Income | $50,000 |
| Net Gain on Sale of Assets | $57,526,880 |
| Capital Gain Net Income | $57,526,880 |
| Net ST Capital Gain | $143,481 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $78,519 |
| Total Revenue | $64,132,818 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $11,160 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $326,624 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47,108 |
| Total operating and administrative expenses | $419,857 |
| Contributions, gifts, grants paid | $7,488,956 |
| Total expenses and disbursements | $7,908,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,424 |
| Savings and temporary cash investments | $685,712 |
| 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 | $2,063 |
| Other assets | $258,147,653 |
| Total assets | $259,194,852 |
| 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 | $13,500,000 |
| Total liabilities | $13,500,000 |
Grants Awarded
Over the last fiscal year, The Hagan Scholarship Foundation has awarded $5,101,696 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIP RECIPIENTS PURPOSE: SCHOLARSHIP AWARDS | $4,752,146 |
1ST YEAR SCHOLARSHIP RECIPIENTS PURPOSE: ESSENTIAL FUNDS | $349,000 |
SCHOLARSHIP RECIPIENTS PURPOSE: WORKSHOPS | $550 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Hagan Scholarship Foundation has recieved totaling $207,688.
| Awarding Organization | Amount |
|---|---|
Hagan Trust Columbia, MO PURPOSE: GENERAL FUNDING | $207,688 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Willard And Pat Walker Charitable Foundation Inc Fayetteville, AR | $353,155,323 | $36,054,174 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Motorola Solutions Foundation Chicago, IL | $427,877 | $12,200,078 |
The Walsh Foundation Chicago, IL | $179,756,510 | $18,008,076 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Joseph W Craft Iii Foundation Tulsa, OK | $111,776,138 | $19,434,208 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |
Saul Zaentz Charitable Foundation Glenview, IL | $31,204,978 | $8,995,660 |
The John And Kathleen Schreiber Foundation Lake Forest, IL | $89,899,268 | $85,376,815 |