Hudson Community Foundation
- Assets
- $29.4m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Hudson, OH
- Founding
- 12/2000
- Data as of
- 12/2021
- EIN
- 34-1935499
Organization Overview
Hudson Community Foundation is located in Hudson, OH. The organization was established in 2000. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Hudson Community Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson Community 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, Hudson Community Foundation generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 2.9% 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 2014, Hudson Community Foundation has awarded 427 individual grants totaling $13,426,405. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWER SIMPLE, SMART AND MEANINGFUL PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED AND OPERATED AS A COMMUNITY FOUNDATION WHICH SHALL ENGAGE IN PROGRAMS & ACTIVITIES BENEFITING THE COMMUNITY OF HUDSON, OHIO. EXTENDING FINANCIAL AID THROUGH GIFTS, GRANTS AND CONTRIBUTIONS TO QUALIFIED ORGANIZATIONS IN THE COMMUNITY OF HUDSON, OHIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Jordan President | Officer | 40 | $94,960 |
Jenesa Lukac Treasurer | OfficerTrustee | 2 | $0 |
Bill Sedlacek Chairman | OfficerTrustee | 2 | $0 |
Jim Sluzewski Secretary | OfficerTrustee | 2 | $0 |
John Archer Board Member | Trustee | 2 | $0 |
Tom Speaks Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,088 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,354,088 |
| Noncash contributions included in lines 1a–1f | $2,892,529 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,376,176 |
| Total Program Service Revenue | $0 |
| Investment income | $613,875 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $45,926 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,036,593 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,972,350 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $94,960 |
| Compensation of current officers, directors, key employees. | $56,976 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,520 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $208,096 |
| Fees for services: Other | $411 |
| Advertising and promotion | $11,425 |
| Office expenses | $17,402 |
| Information technology | $18,751 |
| Royalties | $0 |
| Occupancy | $41,659 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,975 |
| Insurance | $14,402 |
| All other expenses | $0 |
| Total functional expenses | $2,512,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,205,004 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $38,518 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,311 |
| Investments—publicly traded securities | $28,133,282 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,386,115 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $13,399 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $292,515 |
| Total liabilities | $305,914 |
| Net assets without donor restrictions | $28,211,166 |
| Net assets with donor restrictions | $869,035 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $29,386,115 |
Grants Awarded
Over the last fiscal year, Hudson Community Foundation has awarded $1,571,596 in support to 74 organizations.
| Grant Recipient | Amount |
|---|---|
Greenwich, CT PURPOSE: PROGRAMS | $100,000 |
Chicago, IL PURPOSE: PROGRAMS | $100,000 |
Bowling Green, OH PURPOSE: PROGRAMS | $90,000 |
FIRST CHURCH OF CHRIST SCIENTIST PURPOSE: PROGRAMS | $59,130 |
Cleveland, OH PURPOSE: PROGRAMS | $59,130 |
Akron, OH PURPOSE: PROGRAMS | $56,500 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Hudson Community Foundation has recieved totaling $79,940.
| Awarding Organization | Amount |
|---|---|
Harrington Family Foundation Key Largo, FL PURPOSE: CHARITABLE | $50,000 |
Alben F Bates And Clara G Bates Foundation Elmhurst, IL PURPOSE: UNRESTRICTED | $18,000 |
Burton D Morgan Foundation Inc Hudson, OH PURPOSE: TO PROVIDE ONGOING SUPPORT FOR THE HUDSON INDEPENDENCE DAY FIREWORKS DISPLAY | $7,500 |
Northwest Charitable Foundation Warren, PA PURPOSE: PROGRAM FUNDING | $1,675 |
Starr Family Foundation Hudson, OH PURPOSE: MIGHTY VINCENT FUND | $1,000 |
Murdough Foundation Hudson, OH PURPOSE: THE BIG BARN BASH EVENT | $1,000 |
Endowment Analysis
| Beg. Balance | $15,763,935 |
| Earnings | $3,186,050 |
| Net Contributions | $5,029,728 |
| Other Expense | $2,372,842 |
| Ending Balance | $21,606,871 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Muskegon County Community Foundation Muskegon, MI | $247,862,579 | $28,555,582 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of Greater Flint Flint, MI | $212,857,243 | $17,865,297 |
Ann Arbor Area Community Foundation Ann Arbor, MI | $219,428,649 | $31,760,954 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Fremont Area Community Foundation Fremont, MI | $291,559,908 | $22,142,594 |
Grand Haven Area Community Foundation Inc Grand Haven, MI | $189,481,921 | $23,464,810 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |