Hartnett Foundation
- Assets
- $631.8k
- Revenue
- $18.4k
- Investments
- $599.7k
- Employees
- 0
- Location
- Grapevine, TX
- Founding
- 10/1998
- Data as of
- 05/2023
- EIN
- 75-2708291
Organization Overview
Hartnett Foundation is located in Grapevine, TX. The organization was established in 1998. 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. Hartnett 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 05/2023, Hartnett Foundation generated $18.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (25.6%) each year. All expenses for the organization totaled $27.3k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (16.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Hartnett Foundation has awarded 23 individual grants totaling $112,793. 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 HARTNETT FOUNDATION ACCOMPLISHES ITS CHARITABLE ACTIVITIES BY MAKING GRANTS TO PUBLIC CHARITIES AS DESCRIBED IN SECTION 509 A1 2 OR 3.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Hartnett Director | 0 | $0 | |
Richard P Hartnett Director | 0 | $0 | |
Taylor V Hartnett President | 0 | $0 | |
Julie Stephenson Secretary Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,146 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$762 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1 |
| Total Revenue | $18,385 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $208 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,460 |
| Total operating and administrative expenses | $4,838 |
| Contributions, gifts, grants paid | $22,500 |
| Total expenses and disbursements | $27,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,179 |
| Savings and temporary cash investments | $30,870 |
| 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 | $3 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $631,754 |
| Accounts payable and accrued expenses | $208 |
| 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 | $208 |
Grants Awarded
Over the last fiscal year, Hartnett Foundation has awarded $22,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE PURPOSE: PROVIDES ASSISTANCE TO INDIVIDUALS AND FAMILIES IN CRISIS AND GUIDANCE TOWARDS SELF-SUFFICIENCY | $10,000 |
METROPORT MEALS ON WHEELS PURPOSE: TO ADVOCATE FOR THE ELDERLY AND THOSE IN NEED THROUGH HOME-DELIVERED MEALS SENIOR CENTER LUNCHEONS AND OTHER SUPPORT SERVICES. | $10,000 |
CENTER FOR TRANSFORMING LIVES PURPOSE: TO WORK SIDE-BY-SIDE WITH WOMEN AND THEIR CHILDREN TO DISRUPT THE CYCLE OF POVERTY THROUGHOUT TARRANT COUNTY. | $2,500 |