Hultquist Foundation Inc
- Assets
- $15.1m
- Revenue
- $627.5k
- Investments
- $14.7m
- Employees
- 0
- Location
- Jamestown, NY
- Founding
- 12/1965
- Data as of
- 06/2024
- EIN
- 16-0907729
Organization Overview
Hultquist Foundation Inc is located in Jamestown, NY. The organization was established in 1965. 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. Hultquist Foundation Inc 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 06/2024, Hultquist Foundation Inc generated $627.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $919.7k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hultquist Foundation Inc has awarded 161 individual grants totaling $8,166,152. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen J Wright President | 2 | $1,200 | |
Thomas I Flowers Vice President | 1 | $1,200 | |
John K Plumb Vice President | 1 | $1,200 | |
Robert F Rohm Jr Secretary/treasurer | 1 | $1,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $413,255 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $213,236 |
| Capital Gain Net Income | $213,236 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,013 |
| Total Revenue | $627,504 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $750 |
| Total operating and administrative expenses | $84,716 |
| Contributions, gifts, grants paid | $835,022 |
| Total expenses and disbursements | $919,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $409,759 |
| 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 | $0 |
| Total assets | $15,093,081 |
| 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, Hultquist Foundation Inc has awarded $835,022 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: LOCAL DISASTER RELIEF SUPPORT AND EMERGENCY RESPONSE | $25,000 |
AUDUBON COMMUNITY NATURE CENTER PURPOSE: OPERATIONAL SUPPORT | $20,000 |
CHAUTAUQUA LAKE AND WATERSHED MANAGEMENT ALLIANCE PURPOSE: HERBICIDE TREATMENT PLAN FOR CHAUTAUQUA LAKE | $75,000 |
CHAUTAUQUA INSTITUTION PURPOSE: BELLINGER HALL RENOVATION | $100,000 |
FUND FOR THE ARTS OF CHAUTAUQUA COUNTY INC PURPOSE: FUND DRIVE TO SUPPORT AREA ART ORGANIZATIONS | $17,000 |
CHAUTAUQUA REGION COMMUNITY FOUNDATION PURPOSE: SPENDABLE DONOR ADVISED FUND | $500,000 |