Hodges Family Foundation
- Assets
- $1.1m
- Revenue
- $22.5k
- Investments
- $1.1m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 02/2008
- Data as of
- 12/2022
- EIN
- 26-1439736
Organization Overview
Hodges Family Foundation is located in Greensboro, NC. The organization was established in 2008. 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. Hodges 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, Hodges Family Foundation generated $22.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $51.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hodges Family Foundation has awarded 69 individual grants totaling $279,124. 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
CHARITABLE ACTIVITIES ARE NOT CARRIED OUT DIRECTLY BY THE FOUNDATION. INSTEAD, DONATIONS ARE MADE TO 501(C)3 ORGANIZATIONS WHICH CARRY ON CHARITABLE ACTIVITIES.
CHARITABLE ACTIVITIES ARE NOT CARRIED OUT DIRECTLY BY THE FOUNDATION. INSTEAD, DONATIONS ARE MADE TO 501(C)3 ORGANIZATIONS WHICH CARRY ON CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Hodges President | 0 | $0 | |
Katherine Hodges Vice Preside | 0 | $0 | |
Doug Hodges Treasurer | 0 | $0 | |
Kevin Webb Director | 0 | $0 | |
Trust Company Of The South Trustee | 0 | $9,620 | |
Douglas Hodges President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,514 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,024 |
| Capital Gain Net Income | $3,024 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,538 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,620 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,188 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $522 |
| Total operating and administrative expenses | $16,180 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $51,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,866 |
| 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 | $1,096,227 |
| 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, Hodges Family Foundation has awarded $40,300 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
RONALD MCDONALD HOUSE CHARITIES PURPOSE: TO SERVE FAMILIES OF SICK CHILDREN | $100 |
URBAN MINISTRIES PURPOSE: FOOD BANK FOR FAMILIES | $100 |
BOOK HARVEST PURPOSE: IMPROVE LITERACY | $100 |
SQUASH BUSTERS INC PURPOSE: TO SUPPORT SERVING AT-RISK YOUTH IN BOSTON AREA | $1,500 |
STREET SQUASH PURPOSE: SUPPORT AT-RISK YOUTH IN NEW YORK AREA | $2,500 |
SWINGPALS PURPOSE: GOLF INSTRUCTION FOR AT-RISK CHILDREN | $35,000 |