Hbc Foundation Inc
- Assets
- $245.6k
- Revenue
- $37.2k
- Investments
- $88.4k
- Employees
- 0
- Location
- Gainesville, FL
- Founding
- 04/2010
- Data as of
- 12/2023
- EIN
- 27-1146835
Organization Overview
Hbc Foundation Inc is located in Gainesville, FL. The organization was established in 2010. 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. Hbc 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 12/2023, Hbc Foundation Inc generated $37.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $46.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hbc Foundation Inc has awarded 90 individual grants totaling $187,225. 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 |
|---|---|---|---|
Amy Moody Director | 1 | $0 | |
Scott Spurrier Director | 1 | $0 | |
John C Bovay Director | 1 | $0 | |
Lisa King Foundation Mgr. | 6 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,100 |
| Interest on Savings | $4,097 |
| Dividends & Interest | $2,994 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,955 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $34 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,236 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,083 |
| Total operating and administrative expenses | $24,615 |
| Contributions, gifts, grants paid | $22,322 |
| Total expenses and disbursements | $46,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $156,294 |
| 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 | $968 |
| Total assets | $245,631 |
| 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 | $7,000 |
| Total liabilities | $7,000 |
Grants Awarded
Over the last fiscal year, Hbc Foundation Inc has awarded $22,322 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
RONALD MCDONALD HOUSE CHARITIES PURPOSE: TO HELP PROVIDE HOUSING FOR FAMILIES WHOSE CHILD IS IN A HOSPITAL. | $3,167 |
AMERICAN RED CROSS PURPOSE: TO PROVIDE RELIEF TO VICTIMS OF THE HAWAII WILDFIRES. | $1,000 |
BOYS AND GIRLS CLUB OF NORTHEAST FL PURPOSE: THE CASH GIFT WILL FACILIATE THE ORGANIZATION'S MISSION TO ENABLE ALL YOUNG PEOPLE TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS. | $500 |
KIDS'N CAPES INC PURPOSE: THE CASH GIFT WILL SUPPORT THE ORGANIZATIONS'S MISSION TO EDUCATE, EMPOWER AND PROTECT CHILDREN FROM SEXUAL ABUSE, BULLYING AND ILLEGAL DRUG USE. | $5 |
PEACEFUL PATHS PURPOSE: THE CASH GIFT WILL ALLOW PEACEFUL PATHS TO PROVIDE INTERVENTION, ADVOCACY AND EDUCATION TO SURVIVORS OF DOMESTIC VIOLENCE. | $3,000 |
BREAD OF THE MIGHTY FOOD BANK PURPOSE: THE CASH GIFT WILL HELP SUPPORT THE ORGANIZATION'S MISSION TO COLLECT, SORT, STORE AND DISTRIBUTE FOOD AND BASIC ESSENTIALS FOR THE HUNGRY. | $4,500 |