Hawthorn Foundation Inc
- Assets
- $21.0m
- Revenue
- $3.5m
- Investments
- $25.0k
- Employees
- 4
- Location
- Silver Spring, MD
- Founding
- Data as of
- 12/2021
- EIN
- 84-3042040
Organization Overview
Hawthorn Foundation Inc is located in Silver Spring, MD. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2021, Hawthorn Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawthorn 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, Hawthorn Foundation Inc generated $3.5m in total revenue. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 176.7% per year over the past 3 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HAWTHORN FOUNDATION CEMENTED THE FUTURE OF THE HAWTHORN SCHOOL BY SECURING THE FINANCIAL RESOURCES NECESSARY TO OPEN A FIRST HOME FOR THE SCHOOL. THE FOUNDATION ALSO INITIATED ITS SEARCH FOR SCHOOL FACULTY AND STAFF, AND BEGAN OUTREACH PROGRAMMING WITH LOCAL FAMILIES. THE FOUNDATION COMMISSIONED A DESIGN OF THE SCHOOL'S PERMANENT CAMPUS, AND BEGAN PROSPECTING AVAILABLE REAL ESTATE IN THE NYC METRO AREA.
Describe the Organization's Program Activity:
THE HAWTHORN FOUNDATION IDENTIFIED A LOCATION FOR THE INAUGURAL HAWTHORN SCHOOL IN BEDFORD, NY, AND COMMISSIONED ARCHITECTURAL PLANS FOR THE RENOVATION AND REHABILITATION OF THE FUTURE SCHOOL SITE. THE FOUNDATION ALSO IDENTIFIED A CORE GROUP OF FACULTY AND STAFF TO LEAD THE SCHOOL'S FORMATION PERIOD.
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James J Finnegan Chief Financial Officer | Officer | 40 | $108,298 |
Rocio Raventos Chief Operations Officer | Officer | 40 | $78,531 |
Andres Perez Benzo Trustee And Executive Director | OfficerTrustee | 20 | $49,669 |
Jean Paul Destarac Trustee | Trustee | 1 | $0 |
Anthony Hadford Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $318,389 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,389 |
| Total Program Service Revenue | $0 |
| Investment income | $3,145,406 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,463,795 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $663,116 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $395 |
| Compensation of current officers, directors, key employees. | $233,498 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,142 |
| Pension plan accruals and contributions | $6,929 |
| Other employee benefits | $12,903 |
| Payroll taxes | $18,771 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,152 |
| Fees for services: Accounting | $5,068 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $223,884 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,522 |
| Office expenses | $12,713 |
| Information technology | $11,459 |
| Royalties | $0 |
| Occupancy | $27,564 |
| Travel | $45,609 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78,291 |
| Interest | $119,523 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,397 |
| All other expenses | $47,646 |
| Total functional expenses | $1,846,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,052 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,170,397 |
| Accounts receivable, net | $166,891 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,609,476 |
| Investments—other securities | $25,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,023,816 |
| Accounts payable and accrued expenses | $4,812,144 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,951 |
| Total liabilities | $4,819,095 |
| Net assets without donor restrictions | $16,204,721 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,023,816 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hawthorn Foundation Inc has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Building Hope Finance Washington, DC | $123,995,340 | $7,003,194 |
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |
Dc Public Education Fund Washington, DC | $19,324,284 | $7,024,090 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
Mastery Charter Schools Foundation Philadelphia, PA | $112,317,090 | $8,533,885 |
National Automatic Sprinkler 669 Va Education Fund Columbia, MD | $15,668,623 | $8,120,660 |
United States Japan Foundation Owings Mills, MD | $106,169,200 | $4,759,214 |
St Stephen S And St Agnes School Foundation Alexandria, VA | $47,445,810 | $11,356,184 |
Charles B Keesee Educational Fund Incorporated Martinsville, VA | $78,271,755 | $5,985,709 |
James Barry Robinson Home For Boys Trust Norfolk, VA | $49,691,285 | $5,553,084 |