Hcs Foundation
- Assets
- $104.2m
- Revenue
- $13.5m
- Investments
- $103.6m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 04/1961
- Data as of
- 12/2023
- EIN
- 34-6514235
Organization Overview
Hcs Foundation is located in Cleveland, OH. The organization was established in 1961. 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. Hcs 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 12/2023, Hcs Foundation generated $13.5m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $10.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hcs Foundation has awarded 263 individual grants totaling $29,236,082. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
L Thomas Hiltz Chairman, Trustee | 27.32 | $248,336 | |
Michael W Schott Treasurer, Trustee | 13.9 | $110,441 | |
Francie S Hiltz Vice Chairman, Trustee | 10.06 | $90,255 | |
Allison H Kropp Secretary, Trustee | 23.92 | $230,675 | |
Peter S Hiltz Trustee | 20.8 | $182,487 | |
Cate Masla Executive Asst /offi | 29.75 | $143,439 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wm P Cimino Human Capital Advisor Llc | 12/30/23 | $156,462 |
Pricewaterhousecoopers Llp | 12/30/23 | $70,250 |
Charles Schwab & Co | 12/30/23 | $455,894 |
Bahl & Gaynor Inc | 12/30/23 | $59,119 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $276,879 |
| Dividends & Interest | $4,617,935 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,556,360 |
| Capital Gain Net Income | $8,556,360 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $108 |
| Total Revenue | $13,451,282 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $862,194 |
| Other employee salaries and wages | $239,019 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $255,771 |
| Depreciation | $0 |
| Occupancy | $64,989 |
| Travel, conferences, and meetings | $14,996 |
| Printing and publications | $0 |
| Other expenses | $40,402 |
| Total operating and administrative expenses | $2,250,408 |
| Contributions, gifts, grants paid | $8,051,841 |
| Total expenses and disbursements | $10,302,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,661 |
| Savings and temporary cash investments | $555,585 |
| 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 | $6,960 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $38,413 |
| Total assets | $104,224,943 |
| 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 | $3,022 |
| Total liabilities | $3,022 |
Grants Awarded
Over the last fiscal year, Hcs Foundation has awarded $8,051,841 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION INC PURPOSE: $100,000. FOR A CARDIAC EMERGENCY RESPONSE PLAN & $25,000. TOWARD AN UNRESTRICTED GIFT | $125,000 |
ANTHONY MUOZ FOUNDATION PURPOSE: THIRD INSTALLMENT TO FUND TEN SCHOLARSHIPS | $50,000 |
ANTHONY MUOZ FOUNDATION PURPOSE: SUPPORT TOWARD THE 2024 & 2025 IMPACT FOR ETERNITY CAMPS | $85,000 |
BETHANY HOUSE SERVICES INC PURPOSE: FINAL INSTALLMENT TO BETHANY HOUSE SERVICES' ONE STEP CLOSER TO HOME CAPITAL CAMPAIGN | $166,667 |
BOB WOODRUFF FAMILY FOUNDATION INC PURPOSE: PLEDGE TOWARD STAND UP FOR HEROES EVENT | $250,000 |
CCPRO FOUNDATION PURPOSE: TO UNDERWRITE THE PERFORMANCE OF THE TEMPTATIONS AT THE PINK RIBBON EVENT | $125,000 |