Leona S Hudson Charitable Foundation Inc
- Assets
- $769.2k
- Revenue
- $27.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 01/2009
- Data as of
- 12/2022
- EIN
- 26-3318673
Organization Overview
Leona S Hudson Charitable Foundation Inc is located in Atlanta, GA. The organization was established in 2009. 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. Leona S Hudson Charitable 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, Leona S Hudson Charitable Foundation Inc generated $27.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $80.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Leona S Hudson Charitable Foundation Inc has awarded 25 individual grants totaling $159,400. 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 |
|---|---|---|---|
Wade H Coleman Trustee | 2 | $18,000 | |
F Ferrell Scruggs Sr Trustee | 0 | $0 | |
Geraldine A Coleman Trustee | 0 | $0 | |
W Harrison Coleman Jr Trustee | 0 | $0 | |
Katherine C Culpepper Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,551 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,862 |
| Capital Gain Net Income | $10,862 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,413 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $55 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32 |
| Total operating and administrative expenses | $28,354 |
| Contributions, gifts, grants paid | $52,500 |
| Total expenses and disbursements | $80,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,816 |
| Savings and temporary cash investments | $739,358 |
| 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 | $769,174 |
| 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, Leona S Hudson Charitable Foundation Inc has awarded $52,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ANNETTE TURNER CENTER FOR THE ARTS PURPOSE: GENERAL FUND | $10,000 |
BEL CANTO PURPOSE: GENERAL FUND | $2,500 |
CHURCH OF INCARNATION PURPOSE: GENERAL FUND | $10,000 |
HIGHLANDS-CASHIERS HEALTH FOUNDATION PURPOSE: GENERAL FUND | $5,000 |
UNIVERSITY OF GEORGIA FOUNDATION PURPOSE: GENERAL FUND | $20,000 |
PISGAH LEGAL SERVICES PURPOSE: GENERAL FUND | $5,000 |