Marion D and Maxine C Hanks Foundat
Nonprofit profile at a glance
- EIN
- 870503758
- IRS 990-PF coverage
- 2010–2024
- Forms available
- Form 990-PF 2024
- Location
- Salt Lake City, UT, USA
- Phone
- 8015809342
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Private Grantmaking Foundations
Reported finances
- Revenue
- $273,111
- Expenses
- $132,960
Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.
Overview
Mission
Private Grantmaking Foundations
What it reported funding in 2024
The foundation reported 34 grants totaling $119,300. The stated grant purposes included charitable need, death of husband and lost job bills, and daughter with cancer and medical bills, plus 19 other reported purposes.
Operating model
- Revenue model
- Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
- Distribution model
- No current program activity. The filing reports no charitable disbursements for the current year.
- Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.
The verdict
STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. Assets provide a limited cushion relative to annual grants.
Rating breakdown
- Grant Deployment: 100
- Cost Efficiency: 90
- Transparency: 100
- Compliance: 50
- Endowment Health: 32
Detailed rating inputs
Grant Deployment
- Grant deployment ratio: 100%; rating input score 100; 57th percentile among comparable filings
Cost Efficiency
- Grant expense ratio: 89.7%; rating input score 90; 73rd percentile among comparable filings
Transparency
- Grant recipient disclosure: Yes; rating input score 100
Compliance
- Part VII-B activity disclosures: Limited
- Filing consistency checks: 9; rating input score 100
Endowment Health
- Endowment-health comparison: 12.81; rating input score 32; 32nd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Grants: 100% of grant recipient detail disclosed
- Payout: At least 100% grant deployment rate
- Trustees: Filed trustees detail
- Self-dealing: Filed self-dealing detail
- Investments: 32th percentile for endowment coverage
- Consistency: 9 of 9 current checks pass
- Filing history: 5 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 34 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Endowment Health: Endowment-health comparison scored 32/100.