Charles H Hood Fund
- Assets
- $1.9m
- Revenue
- $176.9k
- Investments
- $1.8m
- Employees
- 0
- Location
- Lynnfield, MA
- Founding
- 09/1981
- Data as of
- 12/2020
- EIN
- 04-6036788
Organization Overview
Charles H Hood Fund is located in Lynnfield, MA. The organization was established in 1981. 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. Charles H Hood Fund 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 12/2020, Charles H Hood Fund generated $176.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 51.3% each year . All expenses for the organization totaled $109.0k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne Bohan President, Chairman & Dire | 0 | $0 | |
Theresa Bresten Treasurer & Director | 0 | $0 | |
Danielle Lemack Director | 0 | $0 | |
Alisha Garry Director & Clerk | 0 | $0 | |
John Acheson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,573 |
| Dividends & Interest | $26,538 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $142,587 |
| Capital Gain Net Income | $142,587 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $225 |
| Total Revenue | $176,923 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $882 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,425 |
| Total operating and administrative expenses | $23,407 |
| Contributions, gifts, grants paid | $85,589 |
| Total expenses and disbursements | $108,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184 |
| Savings and temporary cash investments | $88,397 |
| 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 | $685,143 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,254 |
| Total assets | $1,875,769 |
| 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, Charles H Hood Fund has awarded $85,589 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ANGEL MOJICA PURPOSE: TUITION PAYMENTS TO HIGHER EDUCATION INSTITUTION | $4,000 |
ANNE STEVENS PURPOSE: TUITION PAYMENTS TO HIGHER EDUCATION INSTITUTION | $4,000 |
ALISON ANDRADE PURPOSE: TUITION PAYMENTS TO HIGHER EDUCATION INSTITUTION | $4,000 |
JENNIFER KOVARIK PURPOSE: TUITION PAYMENTS TO HIGHER EDUCATION INSTITUTION | $4,000 |
GRANT ANDREWS PURPOSE: TUITION PAYMENTS TO HIGHER EDUCATION INSTITUTION | $4,000 |
ALISON LUCKHAUPT PURPOSE: TUITION PAYMENTS TO HIGHER EDUCATION INSTITUTION | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |
Cohen Veterans Network Inc Stamford, CT | $21,771,420 | $47,396,071 |