Hitt Family Foundation Inc
- Assets
- $158.3k
- Revenue
- -$11.5k
- Investments
- $156.1k
- Employees
- 0
- Location
- Towson, MD
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 26-3680854
Organization Overview
Hitt Family Foundation Inc is located in Towson, MD. The organization was established in 2009. 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. Hitt Family 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Hitt President | 1 | $0 | |
Joann Hitt Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $6,074 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,610 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$11,532 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,060 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,060 |
| Contributions, gifts, grants paid | $19,700 |
| Total expenses and disbursements | $20,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,258 |
| 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 | $156,088 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $158,346 |
| 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, Hitt Family Foundation Inc has awarded $19,700 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
LITERACY SERVICES OF INDIAN RIVER C PURPOSE: GENERAL CHARITABLE PURPOSE | $4,000 |
QUAIL VALLEY CHARITIES PURPOSE: GENERAL CHARITABLE PURPOSE | $800 |
TRUSTEES OF UNIV OF PENNSYLVANIA PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000 |
CURE EPILEPSY PURPOSE: GENERAL CHARITABLE PURPOSE | $500 |
TREASURE COAST FOOD BANK PURPOSE: GENERAL CHARITABLE PURPOSE | $160 |
OCEAN RESEARCH CONSERVATION ASSOC I PURPOSE: GENERAL CHARITABLE PURPOSE | $1,000 |