Hubbard-Watlington Foundation
- Assets
- $3.2k
- Revenue
- $25.0
- Investments
- $0.0
- Employees
- 0
- Location
- Longview, TX
- Founding
- 10/2007
- Data as of
- 12/2022
- EIN
- 20-8389139
Organization Overview
Hubbard-Watlington Foundation is located in Longview, TX. The organization was established in 2007. According to its NTEE Classification (T31) the organization is classified as: Community 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. Hubbard-Watlington 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, Hubbard-Watlington Foundation generated $25.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (45.2%) each year. All expenses for the organization totaled $25.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank O Dykes Director | 0 | $0 | |
Wendell Hicks Director | 0 | $0 | |
Lucille Collins Director | 0 | $0 | |
Angelia Jones Director | 0 | $0 | |
James G Hubbard President | 0 | $0 | |
Margaret Dowd Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20 |
| Interest on Savings | $5 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $0 |
| Total operating and administrative expenses | $875 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $25,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,150 |
| 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 | $3,150 |
| 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, Hubbard-Watlington Foundation has awarded $2,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Marshall, TX PURPOSE: TO PRESERVE RAILROAD HISTORY | $1,000 |
STATE LINE CEMETERY ASSN PURPOSE: BURIAL ACTIVITIES | $1,000 |
GREGG CO HISTORICAL FOUNDATION PURPOSE: FURTHER AND PRESERVE LOCAL HISTORY | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of North Louisiana Shreveport, LA | $154,534,783 | $16,289,106 |
Albuquerque Community Foundation Albuquerque, NM | $124,587,657 | $15,721,383 |
Wichita Falls Area Community Foundation Wichita Falls, TX | $80,507,148 | $8,576,098 |
Waco Foundation Waco, TX | $115,989,579 | $8,908,496 |
The Community Foundation Of The Texas Hill Country Inc Kerrville, TX | $41,950,471 | $11,850,812 |
New Mexico Community Foundation Santa Fe, NM | $33,737,361 | $8,575,952 |
Community Foundation Of West Texas Lubbock, TX | $69,554,926 | $8,377,445 |
Notley Fund Austin, TX | $2,525,162 | $4,464,040 |
Enid Community Foundation For Excellence Enid, OK | $32,321,752 | $9,292,511 |
Greater Round Rock Community Foundation Inc Round Rock, TX | $23,024,574 | $5,650,197 |
Central Louisiana Community Foundation Alexandria, LA | $32,032,595 | $10,012,051 |
Northeast Texas Community College Foundation Mt Pleasant, TX | $9,750,515 | $4,394,098 |