Hurst Foundation
- Assets
- $11.4m
- Revenue
- $354.6k
- Investments
- $9.3m
- Employees
- 0
- Location
- Jackson, MI
- Founding
- 07/1957
- Data as of
- 12/2023
- EIN
- 38-6089457
Organization Overview
Hurst Foundation is located in Jackson, MI. The organization was established in 1957. 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. Hurst 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, Hurst Foundation generated $354.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.8%) each year. All expenses for the organization totaled $680.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hurst Foundation has awarded 347 individual grants totaling $4,562,086. 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
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony P Hurst President | 15 | $0 | |
Carey Hurst Lefere Trustee | 2 | $0 | |
Dale Robert Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $225,260 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $108,101 |
| Capital Gain Net Income | $108,101 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,250 |
| Total Revenue | $354,611 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,922 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,318 |
| Total operating and administrative expenses | $27,477 |
| Contributions, gifts, grants paid | $652,861 |
| Total expenses and disbursements | $680,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,647,550 |
| 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 | $428,434 |
| Total assets | $11,368,655 |
| 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, Hurst Foundation has awarded $652,861 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF JACKSON PURPOSE: MENTORING PROGRAM | $5,000 |
COLLEGE CAREER ACCESS CENTERCCAC PURPOSE: GENERAL OPERATIONS | $5,250 |
AWARE SHELTER PURPOSE: GENERAL OPERATIONS | $10,000 |
COMPASSIONATE MINISTRIES PURPOSE: GENERAL OPERATIONS | $6,500 |
CRAZY HORSE MEMORIAL FUND PURPOSE: CONSTRUCTION OF NATIONAL MONUMENT | $5,250 |
ENTERPRISE GROUP PURPOSE: GENERAL OPERATIONS | $15,000 |