David & Kathleen Husman Family Foundation
- Assets
- $2.1m
- Revenue
- $160.4k
- Investments
- $26.5k
- Employees
- 0
- Location
- Northbrook, IL
- Founding
- 06/1993
- Data as of
- 09/2023
- EIN
- 36-3851275
Organization Overview
David & Kathleen Husman Family Foundation is located in Northbrook, IL. The organization was established in 1993. 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. David & Kathleen Husman Family 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 09/2023, David & Kathleen Husman Family Foundation generated $160.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $201.2k during the year ending 09/2023. While expenses have increased by 8.0% per year over the past 6 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, David & Kathleen Husman Family Foundation has awarded 137 individual grants totaling $919,398. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Husman President | 0 | $0 | |
Cathy Husman Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $368 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $160,000 |
| Total Revenue | $160,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $4,555 |
| Contributions, gifts, grants paid | $196,649 |
| Total expenses and disbursements | $201,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,691 |
| 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 | $2,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $24 |
| Total assets | $2,093,227 |
| 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, David & Kathleen Husman Family Foundation has awarded $196,649 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
NOVA SOUTHEASTERN UNIVERSITY PURPOSE: MEDICAL | $125,000 |
MASS GENERAL HOSPITAL FOUNDATION PURPOSE: MEDICAL | $50,000 |
ALS ASSOCIATION PURPOSE: MEDICAL | $15,000 |
CANCER RESEARCH PURPOSE: MEDICAL | $550 |
ST JUDE PURPOSE: MEDICAL | $200 |
WOUNDED WARRIOR PROJECT PURPOSE: HUMAN SERVICES | $500 |