David H And Suzanne D Hillman Family Foundation
- Assets
- $2.6m
- Revenue
- $1.5m
- Investments
- $677.4k
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 04/2005
- Data as of
- 12/2022
- EIN
- 20-1970693
Organization Overview
David H And Suzanne D Hillman Family Foundation is located in Mclean, VA. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. David H And Suzanne D Hillman Family 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, David H And Suzanne D Hillman Family Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 18.1% per year over the past 7 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, David H And Suzanne D Hillman Family Foundation has awarded 19 individual grants totaling $8,873,392. 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 CONTRIBUTED SCHOLARSHIP FUNDS TO THE PRINCE GEORGE'S COMMUNITY COLLEGE FOUNDATION, INC. FOR TUITION ASSISTANCE TO BE USED FOR INDIVIDUALS INTERESTED IN BECOMING ENTREPRENEURS.
THE FOUNDATION CONTRIBUTED SCHOLARSHIP FUNDS TO MONTGOMERY COLLEGE FOUNDATION FOR TUITION ASSISTANCE TO BE USED FOR INDIVIDUALS INTERESTED IN BECOMING ENTREPRENEURS.
THE FOUNDATION CONTRIBUTED SCHOLARSHIP FUNDS TO THE UNIVERSITY OF MARYLAND COLLEGE PARK FOUNDATION, INC. FOR TUITION ASSISTANCE TO BE USED FOR INDIVIDUALS INTERESTED IN BECOMING ENTREPRENEURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne D Hillman President | 0.25 | $0 | |
Gabrielle M Duvall Vice President/secretary | 0.25 | $0 | |
Michael A Culham Treasurer | 0.25 | $0 | |
Richard Gr Hillman Trustee | 0.25 | $0 | |
Cheryl Anne Hillman Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,434,163 |
| Interest on Savings | $0 |
| Dividends & Interest | $68,397 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23 |
| Capital Gain Net Income | $23 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,502,583 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $350 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,724 |
| Total operating and administrative expenses | $22,274 |
| Contributions, gifts, grants paid | $1,434,153 |
| Total expenses and disbursements | $1,456,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,911,607 |
| 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 | $36,379 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,588,962 |
| Accounts payable and accrued expenses | $25 |
| 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 | $25 |
Grants Awarded
Over the last fiscal year, David H And Suzanne D Hillman Family Foundation has awarded $1,434,153 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MONTGOMERY COLLEGE FOUNDATION PURPOSE: TUITION ASSISTANCE | $184,828 |
PRINCE GEORGE'S COMMUNITY COLLEGE FOUNDATIONINC PURPOSE: TUITION ASSISTANCE | $196,248 |
UNIVERSITY OF MARYLAND COLLEGE PARK FOUNDATION INC PURPOSE: TUITION ASSISTANCE | $1,053,077 |