Hudson Folkerts Memorial Foundation Inc
- Assets
- $1.0m
- Revenue
- $81.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, TX
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 45-3462150
Organization Overview
Hudson Folkerts Memorial Foundation Inc is located in Washington, TX. The organization was established in 2013. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson Folkerts Memorial Foundation Inc 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 Folkerts Memorial Foundation Inc generated $81.0k 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 (15.8%) each year. All expenses for the organization totaled $89.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hudson Folkerts Memorial Foundation Inc has awarded 580 individual grants totaling $785,753. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS (22 SCHOLARSHPS)
SCHOLARSHIPS TO TOMBALL ISD STUDENTS FOR FUTURE FARMERS OF AMERICAN ANIMALS (35 SCHOLARSHIPS)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Folkerts President | 10 | $0 | |
Bruce Burns Vice President | 10 | $0 | |
Randy Reeves Vice President | 10 | $0 | |
Mandy Folkerts Secretary | 10 | $0 | |
Linda Kubecka Finance Dir | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $36,000 |
| Interest on Savings | $376 |
| Dividends & Interest | $13,574 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,934 |
| Capital Gain Net Income | $17,934 |
| Net ST Capital Gain | $14,145 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,079 |
| Total Revenue | $80,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $333 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $28 |
| Other expenses | $7,111 |
| Total operating and administrative expenses | $8,347 |
| Contributions, gifts, grants paid | $81,273 |
| Total expenses and disbursements | $89,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,620 |
| Savings and temporary cash investments | $808,678 |
| 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 | $1,007,298 |
| 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, Hudson Folkerts Memorial Foundation Inc has awarded $81,273 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
TORI LAPRES PURPOSE: ANIMAL SCHOLARSHIP | $3,551 |
CATHERINE BOWDEN PURPOSE: COLLEGE SCHOLARSHIP | $3,525 |
ALLISON MILBY PURPOSE: COLLEGE SCHOLARSHIP | $3,525 |
TAYLOR KARR PURPOSE: COLLEGE SCHOLARSHIP | $3,525 |
ABIGAIL CRAWFORD PURPOSE: COLLEGE SCHOLARSHIP | $3,025 |
MADDIE POSINSKI PURPOSE: COLLEGE SCHOLARSHIP | $3,025 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Reining Horse Association Oklahoma City, OK | $11,899,947 | $11,137,373 |
National Livestock Credit Corporation Oklahoma City, OK | $150,624,686 | $7,595,565 |
Oklahoma Cattlemens Association Inc Oklahoma City, OK | $1,815,271 | $1,815,588 |
Ranching Heritage Association Lubbock, TX | $3,709,330 | $1,901,466 |
Texas Dairy Herd Improvement Assn Canyon, TX | $291,447 | $1,634,168 |
Bob L Herd Foundation Tyler, TX | $31,980,436 | $2,127,283 |
Pasadena Livestock Show & Rodeo Association Inc Pasadena, TX | $639,099 | $1,663,574 |
American Brahman Breeders Assn Bryan, TX | $2,272,535 | $1,609,526 |
Lee County Junior Livestock Show Incorporated Giddings, TX | $540,745 | $1,026,033 |
Navarro County Exposition Center Inc Corsicana, TX | $721,704 | $915,827 |
Santa Gertrudis Breeders International Kingsville, TX | $856,701 | $800,633 |
Arkansas Cattlemens Association Little Rock, AR | $206,233 | $787,756 |