John A Hubbard & Carol A Hubbard Charitable Foundation
- Assets
- $419.7k
- Revenue
- $134.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Walpole, NH
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 02-0500376
Organization Overview
John A Hubbard & Carol A Hubbard Charitable Foundation is located in Walpole, NH. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John A Hubbard & Carol A Hubbard Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, John A Hubbard & Carol A Hubbard Charitable Foundation generated $134.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $53.5k during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, John A Hubbard & Carol A Hubbard Charitable Foundation has awarded 56 individual grants totaling $288,700. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WILL DISTRIBUTE INCOME AND PRINCIPAL PERIODICALLY, AS THE TRUSTEES SHALL DETERMINE, TO ORGANIZATIONS WHICH QUALIFY AS PUBLIC CHARITIES UNDER IRC SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Johnson Trustee | 0 | $0 | |
Susan Johnson Clerk | 0 | $0 | |
Susan Johnson Chairman | 0 | $0 | |
Peter Johnson Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,362 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,607 |
| Capital Gain Net Income | $12,607 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $106,432 |
| Total Revenue | $134,476 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $95 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$742 |
| Total operating and administrative expenses | $8,506 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $53,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $103,699 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $314,952 |
| Total assets | $419,651 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, John A Hubbard & Carol A Hubbard Charitable Foundation has awarded $45,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CROTCHED MOUNTAIN FOUNDATION PURPOSE: GIFT - KIDS PROGRAM | $6,000 |
FALL MOUNTAIN SPECIAL OLYMPICS PURPOSE: GIFT | $2,500 |
CHILL FOUNDATION PURPOSE: GIFT - SUPPORT MANCHESTER, NH LOCATION | $15,000 |
WEST SWANZEY COMMUNITY CHURCH PURPOSE: GIFT | $5,000 |
MONADNOCK HUMANE SOCIETY PURPOSE: GIFT | $2,500 |
MOCO ARTS PURPOSE: GIFT - FOR C.A.K.E. SUMMER CAMP FUNDING | $14,000 |