Hubbell-Waterman Foundation
- Assets
- $28.9m
- Revenue
- $1.7m
- Investments
- $27.0m
- Employees
- 0
- Location
- Davenport, IA
- Founding
- 11/1967
- Data as of
- 12/2022
- EIN
- 42-6126467
Organization Overview
Hubbell-Waterman Foundation is located in Davenport, IA. The organization was established in 1967. 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. Hubbell-Waterman 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 12/2022, Hubbell-Waterman Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Hubbell-Waterman Foundation has awarded 117 individual grants totaling $6,767,054. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wells Fargo Bank N A Trustee | 1 | $170,818 | |
C Dana Waterman III Individual Co-Trustee | 0 | $0 | |
Robert V P Waterman Jr Individual Co-Trustee | 0 | $0 | |
Lamed A Waterman Jr Individual Co-Trustee | 0 | $0 | |
Lynn Waterman Blum Individual Co-Trustee | 0 | $0 | |
Leslie Waterman Banks Individual Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $234,843 |
| Interest on Savings | $807 |
| Dividends & Interest | $854,398 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $207,440 |
| Capital Gain Net Income | $207,440 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $361,570 |
| Total Revenue | $1,659,058 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $163,118 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $46,418 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $76,290 |
| Total operating and administrative expenses | $303,541 |
| Contributions, gifts, grants paid | $1,963,299 |
| Total expenses and disbursements | $2,266,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,897,633 |
| 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 | $3,375,532 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $28,945,718 |
| 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, Hubbell-Waterman Foundation has awarded $1,963,299 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
BALLET QUAD CITIES PURPOSE: GENERAL OPERATING | $25,000 |
TAPESTRY FARMS PURPOSE: GENERAL OPERATING | $10,000 |
FRIENDS OF THE DAVENPORT PUBLIC LIBRARY PURPOSE: GENERAL OPERATING | $40,000 |
NEST (NOURISH EVERYONE SUSTAINABLY EVERYWHERE) PURPOSE: GENERAL OPERATING | $7,500 |
CLOCK INC PURPOSE: GENERAL OPERATING | $10,000 |
TESTIMONIES OF HOPE INC PURPOSE: GENERAL OPERATING | $23,940 |