Hastings Foundation
- Assets
- $0.0
- Revenue
- $1.7m
- Investments
- $9.6m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 12/1948
- Data as of
- 06/2022
- EIN
- 95-1642370
Organization Overview
Hastings Foundation is located in Pasadena, CA. The organization was established in 1948. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hastings Foundation 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 06/2022, Hastings Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 0.1% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John H Reith President & Treasurer | 6 | $11,000 | |
Christianne F Kerns Vice President | 2 | $5,000 | |
Michael Gurevich Secretary | 2 | $5,000 | |
Richard H Zeiss Assistant Treasurer | 1 | $5,000 | |
Andrew Crowell Director | 1 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,189,609 |
| Interest on Savings | $0 |
| Dividends & Interest | $210,845 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,736,240 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $179,177 |
| Contributions, gifts, grants paid | $1,664,609 |
| Total expenses and disbursements | $1,843,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $798,630 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hastings Foundation has awarded $1,664,609 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
USC SCHOOL OF MEDICINE PURPOSE: TO SUPPORT MEDICAL RESEARCH. | $1,444,609 |
PULMONARY FIBROSIS FOUNDATION PURPOSE: TO SUPPORT THE DEVELOPMENT OF NEW TREATMENTS FOR PULMONARY FIBROSIS. | $110,000 |
AMERICAN LUNG ASSOCIATION PURPOSE: TO SUPPORT THE RESEARCH OF AND CURE FOR VARIOUS LUNG DISEASES. | $110,000 |