Hasse Family Foundation Inc
- Assets
- $5.5m
- Revenue
- $2.1m
- Investments
- $5.0m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 83-1519408
Organization Overview
Hasse Family Foundation Inc is located in Naples, FL. The organization was established in 2019. 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. Hasse Family 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, Hasse Family Foundation Inc generated $2.1m 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 (14.9%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn W Hasse Jr President | 1 | $0 | |
Katherine K Hasse Treasurer | 1 | $0 | |
Timothy W Hasse Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,064,017 |
| Interest on Savings | $2 |
| Dividends & Interest | $67,437 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$43,746 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,087,710 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,365 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $207 |
| Total operating and administrative expenses | $8,958 |
| Contributions, gifts, grants paid | $211,000 |
| Total expenses and disbursements | $219,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,930 |
| Savings and temporary cash investments | $280,129 |
| 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 | $12,879 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,151,271 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,539,562 |
| 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 | $139 |
| Total liabilities | $139 |
Grants Awarded
Over the last fiscal year, Hasse Family Foundation Inc has awarded $211,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL | $180,750 |
MS CENTER OF SW FLORIDA PURPOSE: GENERAL | $30,250 |