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Nonprofiteer
← HAWTHORN FOUNDATION INC

Form 990 for tax year 2024

Filed by HAWTHORN FOUNDATION INC.

Totals

Total revenue
$964,985
Total expenses
$1,598,221
Contributions and grants received
$663,408
Grants paid
$1,127,418
Program service revenue
$0
Investment income
$298,458
Other revenue
$3,119
Total assets, end of year
$10,788,415
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,788,415
Program services expenses (Part IX)
$1,215,004
Management and general expenses
$327,106
Fundraising expenses
$56,111
Program service expenses (Part III)
$1,215,004

Program services were 76.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $663,408

  • 1g · Noncash contributions included above

    $124,435

  • 3 · Investment income

    total $48,698 · excluded $48,698

  • 7a · Gross sales of assets other than inventory

    securities $6,374,638

  • 7b · Less cost or other basis and sales expenses

    securities $6,124,878

  • 7c · Gain or loss

    securities $249,760

  • 7d · Net gain or loss

    total $249,760 · related or exempt $249,760

  • 11a · Other revenue: OTHER INCOME

    total $3,119 · related or exempt $3,119

  • 11e · Other revenue, total

    $3,119

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,127,418 · program services $1,127,418

  • 5 · Compensation of officers, directors and key employees

    total $256,641 · program services $59,291 · management and general $185,242 · fundraising $12,108

  • 7 · Other salaries and wages

    total $12,731 · program services $10,455 · management and general $2,276

  • 9 · Other employee benefits

    total $12,337 · program services $4,757 · management and general $6,474 · fundraising $1,106

  • 10 · Payroll taxes

    total $20,709 · program services $7,985 · management and general $10,867 · fundraising $1,857

  • 11c · Fees: accounting

    total $34,108 · management and general $34,108

  • 11f · Fees: investment management

    total $53,890 · management and general $53,890

  • 11g · Fees: other

    total $5,098 · program services $5,098

  • 13 · Office expenses

    total $10,903 · management and general $10,903

  • 16 · Occupancy

    total $2,855 · management and general $2,855

  • 17 · Travel

    total $8,040 · fundraising $8,040

  • 24a · Other expenses: MEALS AND ENTERTAINMENT

    total $22,699 · management and general $1,699 · fundraising $21,000

  • 24b · Other expenses: OTHER

    total $13,652 · management and general $13,652

  • 24c · Other expenses: FUNDRAISING

    total $12,000 · fundraising $12,000

  • 24d · Other expenses: TRAINING AND DEVELOPMENT

    total $5,140 · management and general $5,140

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,188 · end of year $762

  • 2 · Savings and temporary cash investments

    beginning of year $321,827 · end of year $92,878

  • 3 · Pledges and grants receivable

    beginning of year $6,759,188 · end of year $5,382,577

  • 11 · Investments: publicly traded securities

    beginning of year $2,836,370 · end of year $4,970,409

  • 15 · Other assets

    beginning of year $91,789 · end of year $341,789

  • 17 · Accounts payable and accrued expenses

    beginning of year $484

  • 27 · Net assets without donor restrictions

    beginning of year $3,264,690 · end of year $5,405,838

  • 28 · Net assets with donor restrictions

    beginning of year $6,759,188 · end of year $5,382,577

Mission and programs · 2024

Mission

THE HAWTHORN FOUNDATION WAS ESTABLISHED TO PROVIDE RESOURCES TO ACCELERATE THE LAUNCH OF SCHOOLS INSPIRED BY THE TEACHINGS OF ST. JOSEMARIA ESCRIVA IN THE UNITED STATES.

  • THE FOUNDATION'S SOLE PROGRAM IS TO ACCELERATE THE LAUNCH OF SCHOOLS INSPIRED BY THE TEACHINGS OF ST. JOSEMARIA ESCRIVA IN THE UNITED STATES.

    Expenses $1,215,004 · Grants $1,127,418

As filed on the 2024 return.

Listed in Part VII

  • JAMES J FINNEGAN

    CFO

    Total calculated
    $237,265
    From this org
    $159,776
    From related orgs
    $32,507
    Other
    $44,982
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $159,776 + $32,507 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,989 + $36,993 related
    Nontaxable benefits
    not reported
    Filer's total
    $167,765 + $69,500 related

  • ANDRES PEREZ BENZO

    TRUSTEE/EXEC

    Total calculated
    $101,708
    From this org
    $96,865
    From related orgs
    $0
    Other
    $4,843
    Hours/week
    20 + 20 related

  • JEAN PAUL DESTARAC

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANTHONY HADFORD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ALLESENDRO CROCCO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
28 October 2025
IRS schema version
2024v5.0
Source object
202523029349302032

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