Hough Family Foundation
- Assets
- $4.8m
- Revenue
- $282.9k
- Investments
- $4.3m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 08/2007
- Data as of
- 12/2023
- EIN
- 26-0176778
Organization Overview
Hough Family Foundation is located in Pennington, NJ. The organization was established in 2007. 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. Hough 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 12/2023, Hough Family Foundation generated $282.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $885.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Hough Family Foundation has awarded 66 individual grants totaling $8,660,000. 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 |
|---|---|---|---|
William R Hough President | 5 | $0 | |
Patricia Mchenry Treasurer | 5 | $0 | |
Joseph Hough Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $197,686 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $85,171 |
| Capital Gain Net Income | $85,171 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $282,857 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,853 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $862 |
| Total operating and administrative expenses | $50,553 |
| Contributions, gifts, grants paid | $835,000 |
| Total expenses and disbursements | $885,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,923 |
| Savings and temporary cash investments | $486,656 |
| 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 | $1,177,590 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,796,527 |
| 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, Hough Family Foundation has awarded $835,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
NEW HORIZONS OF SOUTHWESTERN FLORIDA PURPOSE: UNRESTRICTED GENERAL | $20,000 |
CATHOLIC RELIEF SERVICES PURPOSE: UNRESTRICTED GENERAL | $20,000 |
ASHLAND UNIVERSITY - ASHBROOK CENTER PURPOSE: UNRESTRICTED GENERAL | $25,000 |
INJURED MARINE SEMPER FI FUND PURPOSE: UNRESTRICTED GENERAL | $100,000 |
CHILD FIND OF AMERICA INC PURPOSE: UNRESTRICTED GENERAL | $50,000 |
BRIDGE COMMUNITIES INC PURPOSE: UNRESTRICTED GENERAL | $150,000 |