Hodges Family Foundation
- Assets
- $1.1m
- Revenue
- $345.3k
- Investments
- $1.1m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 02/2008
- Data as of
- 12/2021
- 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 12/2021, Hodges Family Foundation generated $345.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.8% each year . All expenses for the organization totaled $97.5k during the year ending 12/2021. While expenses have increased by 8.0% 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 2016, Hodges Family Foundation has awarded 55 individual grants totaling $229,312. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE ACTIVITIES ARE NOT CARRIED OUT DIRECTLY BY THE FOUONDATION. INSTEAD, DONATIONS ARE MADE TO 501(C)3 ORGANIZATIONS WHICH CARRY ON CHARITABLE ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trust Company Of The South Trustee | 1 | $7,559 | |
Douglas Hodges President | 1 | $0 | |
Katherine Hodges Vice Preside | 2 | $0 | |
Kevin Webb Director | 1 | $0 | |
Doug Hodges Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,994 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $322,278 |
| Capital Gain Net Income | $322,278 |
| Net ST Capital Gain | $2,818 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $345,272 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,559 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $383 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $54,532 |
| Total operating and administrative expenses | $62,474 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $97,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,350 |
| 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 | $1,124,869 |
| 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 |
|---|---|
SWINGPALS PURPOSE: GOLF INSTRUCTION FOR AT-RISK CHILDREN | $35,000 |
New York, NY PURPOSE: SUPPORT AT-RISK YOUTH IN NEW YORK AREA | $2,500 |
Roxbury Crossing, MA PURPOSE: TO SUPPORT SERVING AT-RISK YOUTH IN BOSTON AREA | $1,500 |
Owasso, OK PURPOSE: SCHOLARSHIPS FOR CHILDREN OF FALLEN SOLDIERS | $1,000 |
Durham, NC PURPOSE: IMPROVE LITERACY | $100 |
RONALD MCDONALD HOUSE CHARITIES PURPOSE: TO SERVE FAMILIES OF SICK CHILDREN | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Robert H Smith Family Foundation Arlington, VA | $10,315,724 | -$3,599,936 |