Hamangia Foundation Inc
- Assets
- $2.4m
- Revenue
- $109.7k
- Investments
- $1.3m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 07/2017
- Data as of
- 12/2021
- 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 12/2021, Hamangia Foundation Inc generated $109.7k 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 (36.5%) each year. All expenses for the organization totaled $73.5k during the year ending 12/2021. 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
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ion Baroi Pres.&trustee | 5 | $37,500 | |
Maximilian Baroi Sec.&trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $253 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $109,422 |
| Capital Gain Net Income | $109,422 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $109,675 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,006 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $13,081 |
| Printing and publications | $0 |
| Other expenses | $13,473 |
| Total operating and administrative expenses | $68,454 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $73,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,093 |
| 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 | $2,411,049 |
| Accounts payable and accrued expenses | $11,426 |
| 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 | $11,426 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Production Industrial Tech Textile & Prof Employees Loc 124 Wlfr Fund Valhalla, NY | $838,103 | $5,998,825 |
Lily Auchincloss Foundation Inc New York, NY | $46,827,043 | $6,935,321 |
Solow Art And Architecture Foundation New York, NY | $241,786,081 | $29,285,009 |
Municipal Art Society Of New York New York, NY | $12,093,728 | $3,370,052 |
The Wildenstein Plattner Institute New York, NY | $1,898,409 | $4,064,152 |
Drawing Center Inc New York, NY | $11,094,197 | $3,697,448 |
Conservation Center For Art And Historic Artifacts Philadelphia, PA | $4,515,696 | $3,186,711 |
Clay Studio Philadelphia, PA | $16,944,971 | $9,873,164 |
Van Alen Institute Projects In Public Architecture Brooklyn, NY | $44,490,814 | $3,072,994 |
Urbanglass New York Contemporary Glass Center Inc Brooklyn, NY | $1,687,992 | $2,437,335 |
American Institute Of Architects New York, NY | $10,952,534 | $3,079,461 |
Manchester Craftsmens Guild Pittsburgh, PA | $15,522,345 | $4,460,670 |