The Steven L Hallgrimson Foundation Inc
- Assets
- $4.6m
- Revenue
- $589.3k
- Investments
- $4.4m
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 07/1988
- Data as of
- 12/2023
- EIN
- 77-0140464
Organization Overview
The Steven L Hallgrimson Foundation Inc is located in San Jose, CA. The organization was established in 1988. 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. Steven L Hallgrimson Foundation Inc 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, Steven L Hallgrimson Foundation Inc generated $589.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $162.9k during the year ending 12/2023. While expenses have increased by 10.6% per year over the past 9 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 2014, Steven L Hallgrimson Foundation Inc has awarded 257 individual grants totaling $1,011,263. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven L Hallgrimson President | 0 | $0 | |
Noreen Sullivan Sec/treasurer | 0 | $0 | |
Rod Liner Vice-President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $485,031 |
| Interest on Savings | $206 |
| Dividends & Interest | $73,869 |
| Net Rental Income | $3,803 |
| Net Gain on Sale of Assets | $25,727 |
| Capital Gain Net Income | $25,727 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $677 |
| Total Revenue | $589,313 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,720 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,173 |
| Total operating and administrative expenses | $20,434 |
| Contributions, gifts, grants paid | $142,463 |
| Total expenses and disbursements | $162,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,070 |
| Savings and temporary cash investments | $131,519 |
| 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 | $4,417,705 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,583,294 |
| 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 Steven L Hallgrimson Foundation Inc has awarded $142,463 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
ANTON BERLJAFA SEQUOIA HIGH SCHOOL PURPOSE: SCHOLARSHIP | $2,000 |
BIG SUR LAND TRUST PURPOSE: PUBLICPUBLIC | $1,000 |
BELLERMINE COLLEGE PREPARATORY PURPOSE: EDUCATION | $2,500 |
BOYS & GIRLS BLUB OF GREATER SAN DIEGO PURPOSE: PUBLIC | $3,900 |
LUCAS GONZALES LUNA SEQUOIA HIGH SCHOOL PURPOSE: SCHOLARSHIP | $1,000 |
CANYON HEIGHTS ACADEMY PURPOSE: EDUCATION | $1,000 |