Old Hemlock Foundation Inc
- Assets
- $3.3m
- Revenue
- $143.5k
- Investments
- $1.9m
- Employees
- 0
- Location
- Bruceton Mills, WV
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 26-2890566
Organization Overview
Old Hemlock Foundation Inc is located in Bruceton Mills, WV. The organization was established in 2010. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Old Hemlock Foundation Inc 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, Old Hemlock Foundation Inc generated $143.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $195.1k during the year ending 12/2022. While expenses have increased by 9.1% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OLD HEMLOCK FOUNDATION PRESERVES AND MAINTAINS AN HISTORIC HOME AS WELL AS THE NATURAL ENVIRONMENT SURROUNDING THE HISTORIC HOME TO PROMOTE THE CONSERVATION AND PROTECTION OF NATURAL RESOURCES. TOURS OF THE HISTORIC HOME AND SURROUNDING PROPERTIES ARE AVAILABLE TO THE PUBLIC. THE FOUNDATION ALSO EDUCATES THE PUBLIC ON THE PRESERVATION OF VARIOUS ECOSYSTEMS AND NATURAL RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lejay Graffious Sec/treas/ca | 40 | $27,211 | |
Jeff Leach President | 2 | $0 | |
Roger Brown Director | 2 | $0 | |
Hall Carter Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,904 |
| Interest on Savings | $21,897 |
| Dividends & Interest | $32,049 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,258 |
| Capital Gain Net Income | $78 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,415 |
| Total Revenue | $143,523 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,211 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $10,103 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $22,422 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $78,436 |
| Total operating and administrative expenses | $166,107 |
| Contributions, gifts, grants paid | $29,000 |
| Total expenses and disbursements | $195,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,960 |
| Savings and temporary cash investments | $162,963 |
| Net Accounts receivable | $914 |
| 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 | $972,656 |
| Other assets | $266,085 |
| Total assets | $3,290,648 |
| 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, Old Hemlock Foundation Inc has awarded $29,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WEST VIRGINIA UNIVERSITY FOUNDATION PURPOSE: SCHOLARSHIPS | $17,400 |
PRESTON COUNTY HUMANE SOCIETY PURPOSE: CHARITABLE | $2,900 |
PRESTON COUNTY SCHOOLS PURPOSE: CULTURAL AND LIBRARY | $3,000 |
BRUCETON ALUMNI ASSOCIATION PURPOSE: EDUCATIONAL | $3,000 |
FRIENDS OF THE 500TH -CANAAN VALLEY PURPOSE: WILDLIFE REFUGE | $2,700 |