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Nonprofiteer
← HANNON FOUNDATION INC

Form 990 for tax year 2023

Filed by HANNON FOUNDATION INC.

Totals

Total revenue
$174,020
Total expenses
$99,511
Contributions and grants received
$185,205
Grants paid
$81,100
Program service revenue
$0
Investment income
$15
Other revenue
-$11,200
Total assets, end of year
$105,451
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$105,451
Program services expenses (Part IX)
$81,100
Management and general expenses
$18,411
Fundraising expenses
$0
Program service expenses (Part III)
$81,100

Program services were 81.5% 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.

  • 1c · Fundraising events

    $79,699

  • 1f · All other contributions, gifts and grants

    $105,506

  • 3 · Investment income

    total $15 · excluded $15

  • 8a · Fundraising events: gross income

    $63,744

  • 8a · Fundraising events: contributions included on line 1c

    $79,699

  • 8b · Fundraising events: direct expenses

    $74,944

  • 8c · Net income from fundraising events

    total -$11,200 · excluded -$11,200

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $37,600 · program services $37,600

  • 2 · Grants to domestic individuals

    total $43,500 · program services $43,500

  • 5 · Compensation of officers, directors and key employees

    total $18,000 · management and general $18,000

  • 13 · Office expenses

    total $208 · management and general $208

  • 14 · Information technology

    total $203 · management and general $203

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $31,942 · end of year $105,451

  • 27 · Net assets without donor restrictions

    beginning of year $31,942 · end of year $105,451

Mission and programs · 2023

Mission

THE HANNON FOUNDATION INC. WAS FORMED TO ASSIST FAMILIES IN EASTERN MASSACHUSETTS WHO ARE IN FINANCIAL CRISIS DUE TO A PARENT'S LOSS OF EMPLOYMENT, OR A FAMILY MEMBER'S MEDICAL CONDITION. OUR MISSION IS TO HELP OUR COMMUNITY REACH PHYSICAL, MENTAL, AND FINANCIAL HEALTH ONE FAMILY AT A TIME.

  • ASSISTED FAMILIES IN EASTERN MASSACHUSETTS WHO ARE IN FINANCIAL CRISIS DUE TO A PARENT'S LOSS OF EMPLOYMENT, OR A FAMILY MEMBER'S MEDICAL CONDITION. CONTRIBUTED TO FOOD PANTRIES DURING THE HOLIDAY SEASON TO HELP WITH FAMILIES' FOOD INSECURITY.

    Expenses $81,100 · Grants $81,100

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alison Hannon

    CO-FOUNDER/PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • Edward Hannon III

    CO-FOUNDER/VICE- PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Laurie Hannon

    GENERAL MANAGER

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
28 July 2026
IRS schema version
2023v6.0
Source object
202622099349301917

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