BETA

B HASSO FAMILY FOUNDATION: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
B HASSO FAMILY FOUNDATION (EIN 45-2900382)
Tax period
2015-07-01 to 2016-06-30
Filed
2017-05-15
IRS object ID
201731359349306488
Schema version
2015v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-05-15T13:47:23-05:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN930874157PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GROVE MUELLER & SWANK PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1475 COTTAGE STREET NE SUITE 200AddressLine1Txt
CitySALEMCityNm
State AbbreviationORStateAbbreviationCd
ZIP97301ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN452900382EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1B HASSO FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBHASBusinessNameControlTxt
Phone7143407849PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 17358AddressLine1Txt
CityANAHEIMCityNm
State AbbreviationCAStateAbbreviationCd
ZIP928177358ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonALAN R HASSOPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7143407849PhoneNum
Signature2017-05-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT C GROVE CPAPreparerPersonNm
PTINP00145721PTIN
Phone5035817788PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerALAN R HASSOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 17358AddressLine1Txt
CityANAHEIMCityNm
State AbbreviationCAStateAbbreviationCd
ZIP928177358ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$7,775GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressNONEWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2011FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionTHE FOUNDATION PLANS TO FURTHER ITS SOCIAL WELFARE AND CHARITABLE PURPOSES THROUGH GRANTMAKING ACTIVITIES IN FURTHERANCE OF THE PHILANTHROPIC GOALS OF THE HASSO FAMILY. THE FOUNDATION EXPECTS THAT IT WILL PRINCIPALLY MAKE GRANTS TO EDUCATIONAL ORGANIZATIONS, CHURCHES AND RELIGIOUS ORGANIZATIONS, AND OTHER CHARITABLE ORGANIZATIONS THAT ARE RECOGNIZED AS PUBLIC CHARITIES (OR EQUIVALENT PUBLICLY SUPPORTED ORGANIZATIONS) TO SUPPORT THEIR CHARITABLE ACTIVITIES. IN ADDITION, THE FOUNDATION MAY PROVIDE GRANTS TO FOREIGN CHARITABLE, RELIGIOUS, AND EDUCATIONAL INSTITUTIONS. THE FOUNDATIONS WILL NOT CARRY ON ANY ACTIVITY NOT PERMITTED TO BE CARRIED ON BY AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(4).ActivityOrMissionDesc
Contract TerminationYes (X)ContractTerminationInd
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers7TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$30,616PYInvestmentIncomeAmt
CY Investment Income$7,775CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$30,616PYTotalRevenueAmt
CY Total Revenue$7,775CYTotalRevenueAmt
PY Grants And Similar Paid$700,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$5,933,082CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$215,630PYOtherExpensesAmt
CY Other Expenses$6,000CYOtherExpensesAmt
PY Total Expenses$915,630PYTotalExpensesAmt
CY Total Expenses$5,939,082CYTotalExpensesAmt
PY Revenues Less Expenses-$885,014PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$5,931,307CYRevenuesLessExpensesAmt
Total Assets BOY$2,967,429TotalAssetsBOYAmt
Total Assets EOY$4,561TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,010,000TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,967,429NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$3,005,439NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE FOUNDATION PLANS TO FURTHER ITS SOCIAL WELFARE AND CHARITABLE PURPOSES THROUGH GRANTMAKING ACTIVITIES IN FURTHERANCE OF THE PHILANTHROPIC GOALS OF THE HASSO FAMILY. THE FOUNDATION EXPECTS THAT IT WILL PRINCIPALLY MAKE GRANTS TO EDUCATIONAL ORGANIZATIONS, CHURCHES AND RELIGIOUS ORGANIZATIONS, AND OTHER CHARITABLE ORGANIZATIONS THAT ARE RECOGNIZED AS PUBLIC CHARITIES (OR EQUIVALENT PUBLICLY SUPPORTED ORGANIZATIONS) TO SUPPORT THEIR CHARITABLE ACTIVITIES. IN ADDITION, THE FOUNDATION MAY PROVIDE GRANTS TO FOREIGN CHARITABLE, RELIGIOUS, AND EDUCATIONAL INSTITUTIONS. THE FOUNDATIONS WILL NOT CARRY ON ANY ACTIVITY NOT PERMITTED TO BE CARRIED ON BY AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(4).MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$5,933,082ExpenseAmt
Grant$5,933,082GrantAmt
DescTHE ORGANIZATION MADE GRANTS TO CHARITABLE ORGANIZATIONS TO SUPPORT THEIR CHARITABLE ACTIVITIES.Desc
Total Program Service Expenses$5,933,082TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial LiquidationYes (1)PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SAMA SUSAN HASSO TREASURERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7143407849PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15120 E LA PALMA AVE SUITE 105AddressLine1Txt
CityANAHEIMCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92807ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ALAN R HASSO FROM SEPT 2015
PRESIDENT10.00Yes (X)Yes (X)$0$0$0
SAMA SUSAN HASSO FROM SEPT 2015
TREASURER1.00Yes (X)Yes (X)$0$0$0
DANIEL A HASSO FROM SEPT 2015
SECRETARY0.30Yes (X)Yes (X)$0$0$0
RONALD HASSO TO SEPT 2015
PRESIDENT, TREASURER1.00Yes (X)Yes (X)$0$0$0
HEATHER HASSO TO SEPT 2015
DIRECTOR0.30Yes (X)$0$0$0
LUIS SERRANO TO SEPT 2015
DIRECTOR0.30Yes (X)$0$0$0
JAMES C MATTHEWS TO SEPT 2015
SECRETARY1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PAUL HASTINGS LLPBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1515 SOUTH FLOWER ST 25TH FLOORAddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90071ZIPCd
FieldValueIRS element (for citing)
ServicesLEGAL SERVICESServicesDesc
Compensation$113,439CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,775TotalRevenueColumnAmt
Exclusion$7,775ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,775TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$7,775ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$5,933,082TotalAmt
Program Services$5,933,082ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$665TotalAmt
Management And General$665ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$4,130TotalAmt
Management And General$4,130ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$30TotalAmt
Management And General$30ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescDUES & SUBSCRIPTIONSDesc
Total$1,175TotalAmt
Management And General$1,175ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,939,082TotalAmt
Program Services$5,933,082ProgramServicesAmt
Management And General$6,000ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,458,549BOYAmt
EOY$4,561EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,508,880BOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,967,429BOYAmt
EOY$4,561EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
EOY$3,010,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$3,010,000EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$2,967,429BOYAmt
EOY-$3,005,439EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,967,429BOYAmt
EOY-$3,005,439EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,967,429BOYAmt
EOY$4,561EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$5,931,307ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$41,561NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDescPurpose Of GrantPurposeOfGrantTxt
HASSO PHILANTHROPIC FOUNDATION
114 PACIFICA STE 310IRVINECA92618473441533501(C)(3)$1,465,762$1,467,320PUBLISHED MARKET VALUE7330 SH SPDR S&P 500 ETF TRUSTTO PROVIDE RESOURCES TO FUND THE ORGANIZATION'S CHARITABLE PURPOSE
HASSO SERRANO FOUNDATION
114 PACIFICA STE 310IRVINECA92618473441330501(C)(3)$3,000,000TO PROVIDE RESOURCES TO FUND THE ORGANIZATION'S CHARITABLE PURPOSE
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION INQUIRES WITH THE GRANTEE ORGANIZATIONS AS TO THE USE OF GRANTED FUNDS.ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (2 entries)

Relationship With OrgRelationshipWithOrgTxtLoan PurposeLoanPurposeTxtLoan To OrganizationLoanToOrganizationIndOriginal PrincipalOriginalPrincipalAmtBalance DueBalanceDueAmtDefaultDefaultIndBoard Or Committee ApprovalBoardOrCommitteeApprovalIndWritten AgreementWrittenAgreementInd
ALAN R HASSO
OFFICERTO PROVIDE FUNDING FOR ASSET TRANSFERS TO NEW 501(C)(3) EXEMPT ENTITIES.Yes (X)$3,000,000$3,000,0000Yes (1)Yes (1)
ALAN R HASSO
OFFICERTO MEET OPERATING EXPENSES.Yes (X)$10,000$10,000000
FieldValueIRS element (for citing)
Total Balance Due$3,010,000TotalBalanceDueAmt

Schedule N IRS990ScheduleN

Disposition Of Assets Detail DispositionOfAssetsDetail (4 entries)

Assets Distri Or Expnss PaidAssetsDistriOrExpnssPaidDescDistributionDistributionDtFair Market Value Of AssetFairMarketValueOfAssetAmtEINEINAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdIRC SectionIRCSectionTxtMethod Of FMV DeterminationMethodOfFMVDeterminationTxt
HASSO PHILANTHROPIC FOUNDATION
CASH2015-09-14$1,363,146473441533114 PACIFICA STE 310IRVINECA92618501(C)(3)
HASSO PHILANTHROPIC FOUNDATION
CASH2015-09-16$102,616473441533114 PACIFICA STE 310IRVINECA92618501(C)(3)
HASSO PHILANTHROPIC FOUNDATION
7330 SH SPDR S&P 500 ETF TRUST2015-09-16$1,467,320473441533114 PACIFICA STE 310IRVINECA92618501(C)(3)PUBLISHED MARKET VALUE
HASSO SERRANO FOUNDATION
CASH2015-09-18$3,000,000473441330114 PACIFICA STE 310IRVINECA92618501(C)(3)
FieldValueIRS element (for citing)
Director Of Successor2Yes (1)DirectorOfSuccessor2Ind
Employee Of Successor20EmployeeOfSuccessor2Ind
Owner Of Successor20OwnerOfSuccessor2Ind
Receive Compensation20ReceiveCompensation2Ind

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART II, LINE 2E:EXPLANATION OF INVOLVEMENT: LUIS SERRANOMR. SERRANO WAS AN OFFICER AND DIRECTOR OF B HASSO FAMILY FOUNDATION UNTIL THE TRANSFER OF ASSETS TO CREATE THE HASSO SERRANO FOUNDATION. MR. SERRANO IS NO LONGER AN OFFICER OR DIRECTOR OF B HASSO FAMILY FOUNDATION AND IS NOW THE PRESIDENT/CEO OF THE HASSO SERRANO FOUNDATION.
PART II, LINE 2E:EXPLANATION OF INVOLVEMENT: JAMES C MATTHEWSMR. MATTHEWS WAS AN OFFICER OF THE B HASSO FAMILY FOUNDATION UNTIL THE TRANSFER OF ASSETS TO THE HASSO SERRANO FOUNDATION. MR. MATTHEWS IS NO LONGER AN OFFICER OF THE B HASSO FAMILY FOUNDATION AND IS NOW AN OFFICER OF THE HASSO SERRANO FOUNDATION.
PART II, LINE 2E:EXPLANATION OF INVOLVEMENT: RONALD D. HASSOMR. HASSO WAS AN OFFICER AND DIRECTOR OF THE B HASSO FAMILY FOUNDATION UNTIL THE TRANSFER OF ASSETS TO HASSO PHILANTHROPIC FOUNDATION. MR. HASSO IS NO LONGER AND OFFICER OR DIRECTOR OF THE B HASSO FAMILY FOUNDATION AND IS NOW PRESIDENT/CEO OF THE HASSO PHILANTHROPIC FOUNDATION.
PART II, LINE 2E:EXPLANATION OF INVOLVEMENT: HEATHER H. HASSOMS. HASSO WAS A DIRECTOR OF THE B HASSO FAMILY FOUNDATION UNTIL THE TRANSFER OF ASSETS TO THE HASSO PHILANTHROPIC FOUNDATION. MS. HASSO IS NO LONGER A DIRECTOR OF THE B HASSO FAMILY FOUNDATION AND IS NOW AN OFFICER OF THE HASSO PHILANTHROPIC FOUNDATION.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2ALAN HASSO, SAMA HASSO AND DANIEL HASSO HAVE A FAMILY RELATIONSHIP WITH EACH OTHER. RONALD HASSO AND HEATHER HASSO HAVE A FAMILY RELATIONSHIP WITH EACH OTHER.
FORM 990, PART VI, SECTION A, LINE 4THE BYLAWS WERE AMENDED AND RESTATED TO CHANGE THE COMPOSITION OF THE BOARD OF DIRECTORS. THE DEPARTING MEMBERS OF THE BOARD OF DIRECTORS WHO FORMED THE HASSO SERRANO FOUNDATION AND THE HASSO PHILANTHROPIC FOUNDATION, AND THEIR DESCENDENTS, ARE SPECIFICALLY EXCLUDED FROM BEING MEMBERS OF THE BOARD OF DIRECTORS OF B HASSO FAMILY FOUNDATION AT ANY FUTURE DATE.
FORM 990, PART VI, SECTION A, LINE 6THE VOTING DIRECTORS OF THE FOUNDATION ARE ITS MEMBERS AND THEY SHALL HOLD MEMBERSHIP VOTING RIGHTS IN PROPORTION TO THEIR VOTING RIGHTS AS DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7ATHE BOARD OF DIRECTORS MAY ELECT NONVOTING DIRECTORS IN ADDITION TO VOTING DIRECTORS, AND MAY, IN THE MANNER SET FORTH IN THE BYLAWS, DESIGNATE A NONVOTING DIRECTOR TO BE AN ALTERNATE FOR A VOTING DIRECTOR OF THE SAME CLASS, IN WHICH CASE SUCH ALTERNATE MAY EXERCISE SUCH VOTING DIRECTOR'S VOTING POWER AT ANY MEETING FROM WHICH SUCH VOTING DIRECTOR IS ABSENT. ELECTION OF THE BOARD OF DIRECTORS SHALL OCCUR IN EACH ODD-NUMBERED CALENDAR YEAR AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS, AT WHICH TIME INCUMBENT VOTING DIRECTORS SHALL ELECT THEIR SUCCESSORS. EACH DIRECTOR MUST BE ELECTED BY THE VOTE OF MORE THAN HALF OF THE COMBINED VOTING POWER HELD BY THE INCUMBENT VOTING DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11EACH MEMBER OF THE BOARD OF DIRECTORS RECEIVES A COPY AND IS ASKED TO REVIEW THE 990.
FORM 990, PART VI, SECTION B, LINE 15NONE OF THE DIRECTORS AND OFFICERS ARE COMPENSATED.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING BOARD DOES NOT MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FURTHERMORE, THE CALIFORNIA ATTORNEY GENERAL MAINTAINS A PUBLICLY VIEWABLE WEBSITE WITH SCANNED COPIES OF THE ORGANIZATION'S 990 INFORMATION RETURNS.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1GRONINGEN INVESTMENT CORPORATIONBusinessNameLine1Txt

Foreign Address ForeignAddress

FieldValueIRS element (for citing)
Address Line1BELMONT CHAMBERS PO BOX 3443AddressLine1Txt
CityROAD TOWNCityNm
Province Or StateTORTOLAProvinceOrStateNm
CountryVICountryCd
Foreign PostalVG1110ForeignPostalCd
FieldValueIRS element (for citing)
Primary ActivitiesHOLDING COMPANYPrimaryActivitiesTxt
Legal Domicile Foreign CountryVILegalDomicileForeignCountryCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1B HASSO FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Ownership1.00000OwnershipPct
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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