Hamangia Foundation Inc
- Assets
- $1.8m
- Revenue
- $4.4k
- Investments
- $622.9k
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 81-4693777
Organization Overview
Hamangia Foundation Inc is located in Princeton, NJ. The organization was established in 2017. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hamangia 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 12/2022, Hamangia Foundation Inc generated $4.4k 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 (68.1%) each year. All expenses for the organization totaled $78.9k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS FOUNDATION ESTABLISHED AN ART SCULPTURE RELATED SCHOLARSHIP FUND AT RUTGERS UNIVERSITY SCHOOL OF ARTS IN NEW JERSEY
THIS FOUNDATION PLACED CERAMIC ART COLLECTION IN AREAS OPEN TO THE PUBLIC AND ADVERTISE THE LOCATION OF THE ART
THE FOUNDATION ESTABLISHED AN ART SCULPTURE RELATED SCHOLARSHIP FUND AT CALIFORNIA STATE UNIVERSITY NORTHRIDGE DEPARTMENT OF ARTS IN CALIFORNIA
DONATIONS TO ADAMS COUNTY PENNSYLVANIA ARTS COUNCIL AND OTHER FOUNDATIONS SUPPORTING LOCAL ARTISTS IN GETTYSBURG PA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ion Baroi Pres.&trustee | 5 | $0 | |
Maximilian Baroi Sec.&trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250 |
| Interest on Savings | $1 |
| Dividends & Interest | $4,148 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,399 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $11,155 |
| Taxes | $12 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,478 |
| Printing and publications | $0 |
| Other expenses | $28,431 |
| Total operating and administrative expenses | $60,098 |
| Contributions, gifts, grants paid | $18,825 |
| Total expenses and disbursements | $78,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,342 |
| Savings and temporary cash investments | $0 |
| 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 | $1,116,275 |
| Total assets | $1,755,530 |
| Accounts payable and accrued expenses | $18,247 |
| 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 | $18,247 |
Grants Awarded
Over the last fiscal year, Hamangia Foundation Inc has awarded $18,825 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
RUTGERS UNIVERSITY FOUNDATION PURPOSE: SCHOLARSHIP FOR CERAMIC STUDENTS AT RUTGERS UNIVERSITY SCHOOL OF ARTS | $5,000 |
CALIFORNIA STATE UNIVERSITY NORTHRIDGE FOUNDATION PURPOSE: SCHOLARSHIP FOR CERAMIC STUDENTS AT CALIFORNIA STATE UNIVERSITY NORTHRIDGE DEPARTMENT OF ARTS | $7,500 |
ADAMS COUNTY ARTS COUNSEL PURPOSE: SUPPORT LOCAL ARTISTS IN ADAMS COUNTY PA | $5,325 |
WADOO'S AND COMPANY PURPOSE: TO SUPPORT LOCAL ARTISTS IN GETTYSBURG PA | $1,000 |