Hudson-Webber Foundation
- Assets
- $169.8m
- Revenue
- $18.4m
- Investments
- $156.0m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 11/1943
- Data as of
- 12/2021
- EIN
- 38-6052131
Organization Overview
Hudson-Webber Foundation is located in Detroit, MI. The organization was established in 1943. 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. Hudson-Webber 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-Webber Foundation generated $18.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 58.5% each year . All expenses for the organization totaled $11.4m during the year ending 12/2021. While expenses have increased by 8.9% per year over the past 3 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 2020, Hudson-Webber Foundation has awarded 998 individual grants totaling $68,210,123. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE HUDSONIAN ASSISTANCE AND COUNSELING PROGRAM PROVIDES FINANCIAL SUPPORT FOR THE SERVICES OF A PROFESSIONAL COUNSELOR TO HELP ELIGIBLE J.L. HUDSON COMPANY FORMER EMPLOYEES AND THEIR DEPENDENTS WHO ARE SEEKING HELP WITH PERSONAL CRISES AND MISFORTUNES. THIS COUNSELOR OFFERS REFERRALS TO PUBLIC AGENCIES AND PRIVATE RESOURCES, AS APPROPRIATE. WHEN FINANCIAL ASSISTANCE IS A NECESSARY COMPONENT OF CRISIS RESOLUTION, AND WHEN PERSONAL OR FAMILY RESOURCES, OUTSIDE COMMERCIAL RESOURCES, AND/OR ASSISTANCE AVAILABLE THROUGH COMMUNITY, CHARITABLE, OR PUBLIC RESOURCES IS UNAVAILABLE OR INADEQUATE, THE PROGRAM'S COUNSELOR MAY APPLY FOR A GRANT FROM THE FOUNDATION ON BEHALF OF A HUDSONIAN. TRUSTEES OF THE FOUNDATION CAREFULLY EVALUATE THESE APPLICATIONS AND MAKE THE FINAL DECISION ON EACH REQUEST. DURING 2022, COUNSELING WAS PROVIDED TO FIVE HUDSONIANS. ALMOST ALL NEEDED FINANCIAL ASSISTANCE, WERE QUALIFIED, AND WERE PROVIDED GRANTS TOTALING $24,213 IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanca D Clark President, Ceo, Trustee | 40 | $346,769 | |
Jennifer Hudson Parke Board Chair And Trustee | 4 | $40,000 | |
Amanda Vandusen Secretary And Trustee | 2 | $0 | |
David E Meador Treasurer And Trustee | 2 | $0 | |
Toby Barlow Trustee - Part Year | 1 | $0 | |
Matthew P Cullen Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Plante & Moran Pllc | 12/30/22 | $79,200 |
Nepc Llc | 12/30/22 | $230,913 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $199,317 |
| Interest on Savings | $399 |
| Dividends & Interest | $418,931 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,749,428 |
| Capital Gain Net Income | $20,337,441 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,608 |
| Total Revenue | $18,369,683 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $381,442 |
| Other employee salaries and wages | $582,842 |
| Pension plans, employee benefits | $270,203 |
| Interest | $0 |
| Taxes | $100,000 |
| Depreciation | $0 |
| Occupancy | $91,806 |
| Travel, conferences, and meetings | $37,940 |
| Printing and publications | $2,860 |
| Other expenses | $133,451 |
| Total operating and administrative expenses | $2,066,145 |
| Contributions, gifts, grants paid | $9,367,094 |
| Total expenses and disbursements | $11,433,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $2,305,531 |
| Net Accounts receivable | $11,306,994 |
| 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 | $155,968,508 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $170,014 |
| Total assets | $169,751,046 |
| Accounts payable and accrued expenses | $11,422,159 |
| 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 | $11,422,159 |
Grants Awarded
Over the last fiscal year, Hudson-Webber Foundation has awarded $18,194,391 in support to 254 organizations.
| Grant Recipient | Amount |
|---|---|
A HOST OF PEOPLE INC PURPOSE: DETROIT ART SUPPORT 2022-2025 | $10,000 |
ACCESS PURPOSE: DETROIT ART SUPPORT 2022-2025 | $25,000 |
AMERICAN BAR FOUNDATION PURPOSE: MEETING RESERVE | $1,600 |
ARTS LEAGUE OF MICHIGAN INC PURPOSE: DETROIT ART SUPPORT 2022-2025 | $25,000 |
ALLIED MEDIA PROJECTS INC PURPOSE: DETROIT ART SUPPORT 2022-2025 | $40,000 |
AUTISM ALLIANCE OF MICHIGAN PURPOSE: MEETING RESERVE | $21,600 |