Hutton Foundation A Delaware Corp
- Assets
- $104.0m
- Revenue
- $16.9m
- Investments
- $68.0m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 01/1998
- Data as of
- 12/2021
- EIN
- 33-0779894
Organization Overview
Hutton Foundation A Delaware Corp is located in Santa Barbara, CA. The organization was established in 1998. 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. Hutton Foundation A Delaware Corp 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, Hutton Foundation A Delaware Corp generated $16.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $6.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hutton Foundation A Delaware Corp has awarded 871 individual grants totaling $21,375,592. 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 |
|---|---|---|---|
Thomas C Parker President | 10 | $307,538 | |
Christopher Parker Vice President | 25 | $155,806 | |
Susan Parker Executive Vice President | 20 | $138,956 | |
Jess T Parker Vice President | 25 | $123,410 | |
Chuck Slosser Secretary | 5 | $0 | |
Sam Tyler Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $408 |
| Dividends & Interest | $618,733 |
| Net Rental Income | $1,194,635 |
| Net Gain on Sale of Assets | $6,489,851 |
| Capital Gain Net Income | $6,489,851 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,185,187 |
| Total Revenue | $16,875,267 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $910,279 |
| Other employee salaries and wages | $162,553 |
| Pension plans, employee benefits | $78,443 |
| Interest | $309,973 |
| Taxes | $136,517 |
| Depreciation | $878,183 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $22,095 |
| Printing and publications | $0 |
| Other expenses | $1,268,383 |
| Total operating and administrative expenses | $4,041,678 |
| Contributions, gifts, grants paid | $2,764,406 |
| Total expenses and disbursements | $6,806,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $731,883 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $6,481 |
| 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 | $7,229 |
| Net Investments - land, buildings, equipment | $34,899,856 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $178,553 |
| Other assets | $213,024 |
| Total assets | $103,988,126 |
| Accounts payable and accrued expenses | $355,280 |
| Grants payable | $920,875 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $10,880,394 |
| Other liabilities | $44,520 |
| Total liabilities | $12,201,069 |
Grants Awarded
Over the last fiscal year, Hutton Foundation A Delaware Corp has awarded $3,157,084 in support to 124 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Barbara, CA PURPOSE: 2021 COVID-19 JOINT RESPONSE FUND, MONTECITO JOURNAL - THE GIVING LIST, 2021 PARTNERSHIP FOR EXCELLENCE, 2021 GLOBAL NEIGHBORHOOD FUND | $212,500 |
Santa Barbara, CA PURPOSE: 2021 COVID-19 EMERGENCY RESPONSE, SUMMER EDUCATION PROGRAMS - FUN IN THE SUN & EARLY LEARNING SUCCESS INSTITUTE | $195,000 |
FUND FOR SANTA BARBARA PURPOSE: 2021 NPRN, CAPACITY BUILDING PROGRAM, BREAD & ROSES SPONSOR, GENERAL OPERATING SUPPORT | $140,000 |
Santa Barbara, CA PURPOSE: GENERAL SUPORT - GREATEST PRIORITY, LITTLE COTTAGES PROJECT | $100,000 |
ELINGS PARK FOUNDATION PURPOSE: EPIC! CAMPAIGN - WATER WELL RESTORATION | $75,000 |
Santa Barbara, CA PURPOSE: HAMMONDS MEADOW RESTORATION PROJECT, BACKCOUNTRY PROJECT | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hutton Foundation A Delaware Corp has recieved totaling $4,500.
| Awarding Organization | Amount |
|---|---|
Santa Barbara Foundation Santa Barbara, CA PURPOSE: TO COVER SANTA BARBARA FOUNDATION'S SHARE OF SUPPORTING CORNERSTONE COMMUNITY ROOM IN SANTA MARIA FOR ONE-YEAR OPERATION | $4,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |