Hugoton Foundation
- Assets
- $84.3m
- Revenue
- $2.1m
- Investments
- $83.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1983
- Data as of
- 12/2021
- EIN
- 34-1351062
Organization Overview
Hugoton Foundation is located in New York, NY. The organization was established in 1983. 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. Hugoton 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, Hugoton Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. While expenses have increased by 6.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hugoton Foundation has awarded 306 individual grants totaling $14,310,005. 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 |
|---|---|---|---|
Joan M Stout Secretary/director | 4 | $4,400 | |
Jean C Stout Vp/treasurer/director | 35 | $169,970 | |
John K Stout Director | 2 | $4,400 | |
Kathleen A Stout Director | 2 | $4,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $782 |
| Dividends & Interest | $1,388,370 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $744,804 |
| Capital Gain Net Income | $744,804 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,133,956 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $416,820 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $23,560 |
| Interest | $0 |
| Taxes | $28,463 |
| Depreciation | $0 |
| Occupancy | $7,349 |
| Travel, conferences, and meetings | $9,489 |
| Printing and publications | $0 |
| Other expenses | $5,374 |
| Total operating and administrative expenses | $514,355 |
| Contributions, gifts, grants paid | $3,172,345 |
| Total expenses and disbursements | $3,686,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,986 |
| Savings and temporary cash investments | $362,010 |
| 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 | $2,944 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,179,912 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $84,328,647 |
| 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, Hugoton Foundation has awarded $3,172,345 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
NYU RORY MEYERS COLLEGE OF NURSING PURPOSE: TO ENDOW CLINICAL SIMULATION LEARNING CENTER AND TO NAME IN PERPETUITY SAID CENTER THE JOAN K STOUT CLINICAL SIMULATION LEARNING CENTER | $1,800,000 |
UNIVERSITY OF MIAMI SCHOOL OF NURSING & HEALTH STUDIES PURPOSE: FOR THE PURCHASE OF INTUBATION TRAINING TOOLS AND MATERNAL AND CHILD SIMULATOR MANNEQUINS | $241,000 |
NY PRESBYTERIAN HOSPITAL WEILL PURPOSE: FOR THE STUDY AND SUCCESSFUL MANAGEMENT OF INFLAMMATORY SINUSITIS AT THE RHINOLOGY LABORATORY | $188,000 |
ST JEANNE BAPTISTE CATHOLIC CHURCH PURPOSE: FOR NEEDED REPAIRS AND MODERIZATION OF THE CHURCH'S HANDICAP ELEVATOR | $119,000 |
LENOX HILL HOSPITAL PURPOSE: FOR THE PURCHASE OF SIX HIGH BRIGHT LED MONITORS AND ONE C-ARM PLUS ACCESSORIES | $109,495 |
Loudonville, NY PURPOSE: FOR THE PURCHASE OF NECESSARY EQUIPMENT FOR THE NURSING LAB AND FOR THE PURCHASE OF A VAN/MINI BUS TO TRANSPORT NURSING STUDENTS | $55,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |