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Hassel Foundation EIN 23-6251862 Form 990 (PDF) Claim this org

Hassel Foundation

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A private foundation based in Plymouth Mtng, PA. It reported about $216K in revenue for 2024. For fiscal year 2024 it reported $216K in revenue, $362K in expenses, and $5.4M in net assets.Pt I

Type
Private foundation / grantmaker · Education
Location
Plymouth Mtng, PA
Filings
5 on file (2020–2024)
Revenue
$216KFY2024
Expenses
$362K
Net assets
$5.4M
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-6251862 Private foundation / grantmaker Plymouth Mtng, PA
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Plymouth Mtng, PA. It reported about $216K in revenue for 2024.
Leadership
Jay L Goldberg Esquire · Trustee
Money in and out
$216K revenue, $362K expenses
Bottom line
—
Grants paid & assets · FY2024
Total revenue
$216K
Pt VIII · Ln 12
Total expenses
$362K
Pt IX · Ln 25
Net assets
$5.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$146K
Total assets
5.4M
deployed as grants and operations
Grants paid
261K
in FY2024
Grants made
34grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 34 grants · $261K · 2024–2024
Philadelphia OrcherstraFY2024$22,500
Community College of Philadelphia FoundationPA · FY2024$20,000
Wagner Free InstituteFY2024$15,000
Summer SearchCA · FY2024$15,000
Smith Memorial PlaygroundsPA · FY2024$15,000
Maternity Care CoalitionPA · FY2024$15,000
Jevs Human ServicesPA · FY2024$15,000
Jefferson Clinical ResearchFY2024$15,000
Wistar InstituteFY2024$12,500
Philadelphia Ballet Louise Reed Center for DanceFY2024$12,500
Mission First HousingFY2024$12,500
Friends of New York City Nurse-Family PartnershipsFY2024$12,500
West Side Center for Community Life INCNY · FY2024$10,000
American Dance WheelsFY2024$9,400
MannaFY2024$7,500
ConnectedlyPA · FY2024$7,000
Carnergie Mellon UniversityFY2024$5,300
Covenant House PhiladelphiaFY2024$5,000
See all 34 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV14
Average grantPart XV$8K
Median grantPart XV$5K
Largest grantPart XV$22K
Top cause focusNTEEColleges & Universities (18%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$216K
FY2024▼ -33%
Expenses
$362K
FY2024▼ -11%
Total assets
$5.4M
FY2024▼ -2%
Total liabilities
$0
FY2024
Total revenue
$216K
Pt VIII · Ln 12
Total expenses
$362K
Pt IX · Ln 25
Net assets
$5.4M
Pt X · Ln 32
Total assetsPt II$5.4M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHassel Foundation
EINHdr · item D23-6251862
Principal addressHdr · item CPlymouth Mtng, PA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFSep 1963

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hassel Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income$215K · 99%
Other revenue$1K · 1%
Investment income99%$215K
Other revenue1%$1K
Total revenueLn 12$216K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.72 Operating & administrative $0.28
Grants & contributions paid72%$261K
Operating & administrative28%$101K
Total functional expensesLn 25$362K

Balance Sheet

Part X · end of year
CashLn 1$71K
Total assetsLn 16$5.4M
Total liabilitiesLn 26$0
Total net assetsLn 32$5.4M
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $5.4M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $216K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $216K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $216K · Prior year $322K
-33%
Revenue CAGR
FY2020 $296K · FY2024 $216K
-8%
Net-asset trend (YoY)
End of year $5.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $216K · Expenses $362K
-67%
Liabilities-to-Assets
Total liabilities — · Total assets $5.4M
—
Net-asset ratio
Net assets $5.4M · Total assets $5.4M
100%
People & payroll
Highest Reported Total Compensation
Individual Jay L Goldberg Esquire · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $362K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -33%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$216K revenue · viewing · ⤓ 990 PDF
FY2023$322K revenue · ⤓ 990 PDF
FY2022$126K revenue · ⤓ 990 PDF
FY2021$472K revenue · ⤓ 990 PDF
FY2020$296K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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