The Hoopes Addis Education Trust
- Assets
- $807.8k
- Revenue
- $22.9k
- Investments
- $793.1k
- Employees
- 0
- Location
- Greenville, TX
- Founding
- 10/1981
- Data as of
- 08/2023
- EIN
- 38-2848310
Organization Overview
The Hoopes Addis Education Trust is located in Greenville, TX. The organization was established in 1981. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoopes Addis Education Trust 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 08/2023, Hoopes Addis Education Trust generated $22.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $35.5k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Hoopes Addis Education Trust has awarded 19 individual grants totaling $168,202. 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
GRANTS TO DRIVING EDUCATIONAL ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Graves Chair Trustee | 1 | $0 | |
Jessica Axelsson Trustee | 1 | $0 | |
Penny Nicley Trustee | 1 | $0 | |
Michael Rider Trustee | 1 | $0 | |
Sheila Purdum Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,705 |
| Dividends & Interest | $19,190 |
| 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 | $0 |
| Total Revenue | $22,895 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $950 |
| Total operating and administrative expenses | $8,389 |
| Contributions, gifts, grants paid | $27,102 |
| Total expenses and disbursements | $35,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,665 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $807,784 |
| 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, The Hoopes Addis Education Trust has awarded $27,102 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CARRIAGE ASSN OF AMERICA PURPOSE: TO FURTHER THEINSTRUCTION FOREQUESTRIAN DRIVING | $5,500 |
AMERICAN DRIVING SOCIETY PURPOSE: EDUCATIONALACTVITIES - CARRIAGEDRIVING | $1,600 |
FLORIDA WHIPS PURPOSE: EDUCATION | $3,150 |