Hudsonalpha Foundation

Organization Overview

Hudsonalpha Foundation is located in Huntsville, AL. The organization was established in 2011. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudsonalpha 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, Hudsonalpha Foundation generated $7.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $8.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HUDSONALPHA FOUNDATION WAS FORMED TO DEVELOP PLANS TO ENSURE THE SUCCESS OF HUDSONALPHA INSTITUTE FOR BIOTECHNOLOGY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE SUPPORT FOR AND ADVANCE THE CHARITABLE PURPOSES OF THE HUDSONALPHA INSTITUTE FOR BIOTECHNOLOGY (THE "SUPPORTED ORGANIZATION") THROUGH DISTRIBUTIONS FROM THE FOUNDATION ASSETS.


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Board, Officers & Key Employees

Name (title)Compensation
Bobby Bradley
Secretary
$0
Barbara M Fisk
President
$0
Peter Yanul
Vice Preside
$0
Marc Bendickson
Director
$0
Mike Demaioribus
Director
$0
Susan Mcmillian Campbell
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$335,916
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,689,968
Noncash contributions included in lines 1a–1f $97,696
Total Revenue from Contributions, Gifts, Grants & Similar$5,025,884
Total Program Service Revenue$0
Investment income $1,702,717
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $911,611
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,640,212

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Hudsonalpha Foundation has recieved totaling $13,900.

Awarding OrganizationAmount
Organization Name not Listed

PURPOSE: PHILANTHROPIC CONTR

|

$12,900
Wiregrass Foundation

Dothan, AL

PURPOSE: CORE PROGRAMS

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$46,874,973
Earnings$5,618,977
Admin Expense$206,801
Net Contributions$46,393
Other Expense$2,023,661
Ending Balance$50,309,881

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