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Larry & Frankie Hager Trust 1

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
−$2.67k (2024)

Expenses
$15.6k (2024)

Total Assets
$649k (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2014 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$2,670
Expenses
$15,578
Net Income
-$18,248
Net Assets
$649,155
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,138
Dividends $15,900
Sales of Assets -$20,708
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,014
38.6%
Compensation of Officers* $9,051
58.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $649,155
Total Liabilities $0
Net Assets $649,155
Compensation
Key Employees and Officers Compensation Other
Independence Bank (Trustee) $9,051 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$134,388
Expenses
$677,069
Net Income
-$542,681
Net Assets
$667,403
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $11,289
8.4%
Dividends $29,534
22.0%
Sales of Assets $93,565
69.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $417,560
61.7%
Compensation of Officers* $11,908
1.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $667,403
Total Liabilities $0
Net Assets $667,403
Compensation
Key Employees and Officers Compensation Other
Pnc Bank Na (Trustee Through 7/31/2023) $6,498 $0
Independence Bank (Trustee) $5,410 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$98,124
Expenses
$16,039
Net Income
$82,085
Net Assets
$1,210,084
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $88
0.1%
Dividends $26,770
27.3%
Sales of Assets $70,983
72.3%
Other Income $283
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,818
42.5%
Compensation of Officers* $13,250
82.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,210,084
Total Liabilities $0
Net Assets $1,210,084
Compensation
Key Employees and Officers Compensation Other
Pnc Bank Na (Trustee Through 12/31/2022) $13,250 $0
Independence Bank (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$98,269
Expenses
$15,181
Net Income
$83,088
Net Assets
$1,127,999
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $25,082
25.5%
Sales of Assets $73,187
74.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $7,605
50.1%
Compensation of Officers* $14,412
94.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,127,999
Total Liabilities $0
Net Assets $1,127,999
Compensation
Key Employees and Officers Compensation Other
Pnc Bank Na (Trustee) $14,412 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$18,828
Expenses
$13,359
Net Income
$5,469
Net Assets
$1,045,045
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $24,338
> 100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,725
50.3%
Compensation of Officers* $12,022
90.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,045,046
Total Liabilities $1
Net Assets $1,045,045
Compensation
Key Employees and Officers Compensation Other
Pnc Bank Na (Trustee) $12,022 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$32,844
Expenses
$13,745
Net Income
$19,099
Net Assets
$1,040,044
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $29,141
88.7%
Sales of Assets $3,703
11.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,499
47.3%
Compensation of Officers* $11,822
86.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,040,045
Total Liabilities $1
Net Assets $1,040,044
Compensation
Key Employees and Officers Compensation Other
Pnc Bank Na (Trustee) $11,822 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$57,370
Expenses
$16,368
Net Income
$41,002
Net Assets
$1,020,937
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $27,020
47.1%
Sales of Assets $30,350
52.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,584
52.4%
Compensation of Officers* $12,735
77.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,020,937
Total Liabilities $0
Net Assets $1,020,937
Compensation
Key Employees and Officers Compensation Other
Pnc Bank Na (Trustee) $12,735 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$45,938
Expenses
$32,589
Net Income
$13,349
Net Assets
$979,932
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $23,652
51.5%
Sales of Assets $21,728
47.3%
Other Income $558
1.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $26,344
80.8%
Compensation of Officers* $11,879
36.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $979,932
Total Liabilities $0
Net Assets $979,932
Compensation
Key Employees and Officers Compensation Other
Pnc Bank Na (Trustee) $11,879 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$34,587
Expenses
$39,415
Net Income
-$4,828
Net Assets
$966,585
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $23,438
67.8%
Sales of Assets -$7,418
Other Income $18,567
53.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $33,077
83.9%
Compensation of Officers* $11,123
28.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $966,585
Total Liabilities $0
Net Assets $966,585
Compensation
Key Employees and Officers Compensation Other
Pnc Bank Na (Trustee) $11,123 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$60,589
Expenses
$79,238
Net Income
-$18,649
Net Assets
$971,416
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $28,162
46.5%
Sales of Assets $32,427
53.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $38,372
48.4%
Compensation of Officers* $11,570
14.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $971,416
Total Liabilities $0
Net Assets $971,416
Compensation
Key Employees and Officers Compensation Other
Pnc Bank Na (Trustee) $11,570 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,770,899
Expenses
$33,068
Net Income
$1,737,831
Net Assets
$990,065
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000,000
56.5%
Interest Revenue $0
Dividends $30,000
1.7%
Sales of Assets $740,899
41.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,574
77.3%
Compensation of Officers* $9,273
28.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $990,065
Total Liabilities $0
Net Assets $990,065
Compensation
Key Employees and Officers Compensation Other
Pnc Bank Na (Trustee) $9,273 $0

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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