J M Hodges Educational Fund Trust
- Assets
- $388.9k
- Revenue
- $42.3k
- Investments
- $233.9k
- Employees
- 0
- Location
- Olean, NY
- Founding
- 02/1992
- Data as of
- 12/2021
- EIN
- 16-6136464
Organization Overview
J M Hodges Educational Fund Trust is located in Olean, NY. The organization was established in 1992. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J M Hodges Educational Fund Trust 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 12/2021, J M Hodges Educational Fund Trust generated $42.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $19.6k during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 6 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 2016, J M Hodges Educational Fund Trust has awarded 110 individual grants totaling $231,870. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $4,109 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,148 |
| Capital Gain Net Income | $17,148 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,020 |
| Total Revenue | $42,290 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,911 |
| 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 | $100 |
| Total operating and administrative expenses | $5,811 |
| Contributions, gifts, grants paid | $13,750 |
| Total expenses and disbursements | $19,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $51,711 |
| 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 | $102,614 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $542 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $233,942 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $388,909 |
| 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, J M Hodges Educational Fund Trust has awarded $37,625 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
JASON COPELLA PURPOSE: ASSISTANCE WITH EDUCATIONAL EXPENSES | $6,000 |
BRETT MILES PURPOSE: ASSISTANCE WITH EDUCATIONAL EXPENSES | $4,875 |
NICHOLAS CRANDALL PURPOSE: ASSISTANCE WITH EDUCATIONAL EXPENSE | $3,000 |
SEAN CAMPBELL PURPOSE: ASSISTANCE WITH EDUCATIONAL EXPENSES | $2,750 |
MARINA MIKETISH PURPOSE: ASSISTANCE WITH EDUCATIONAL EXPENSES | $2,750 |
JASON COPELLA PURPOSE: ASSISTANCE WITH EDUCATIONAL EXPENSES | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University At Albany Foundation Albany, NY | $129,210,800 | $17,198,773 |
Trustees Of The Public Library Of The City Of Boston Boston, MA | $99,754,907 | $16,249,859 |
Lord Foundation Of Massachusetts Inc Cambridge, MA | $0 | $665,000 |
Queens College Foundation Inc Flushing, NY | $103,882,868 | $13,972,395 |
Threefold Educational Foundation & School Chestnut Ridge, NY | $15,163,557 | $9,817,859 |
New Jersey Institute Of Technology Foundation Newark, NJ | $177,817,526 | $21,630,945 |
Global Community Charter School New York, NY | $4,753,919 | $12,397,044 |
Doctors Center Management Corporation Oceanport, NJ | $41,567 | $8,892,194 |
English-Bonter-Mitchell Foundation Pittsburgh, PA | $150,419,755 | $42,613,149 |
Mit International Inc Cambridge, MA | $42,886,000 | $6,428,000 |
Friends Of Team Academy Charter School A New Jersey Non-Profit Org Newark, NJ | $241,241,974 | $11,734,420 |
Montclair State University Foundation Inc Montclair, NJ | $109,561,235 | $13,284,004 |