Ernest M Hodge Foundation Inc
- Assets
- $85.7k
- Revenue
- $94.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Union City, GA
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 45-4037893
Organization Overview
Ernest M Hodge Foundation Inc is located in Union City, GA. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ernest M Hodge 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 12/2023, Ernest M Hodge Foundation Inc generated $94.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $62.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ernest M Hodge Foundation Inc has awarded 60 individual grants totaling $545,639. 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
THE FOUNDATION INTENDS TO MAKE DISTRIBUTIONS TO 501(C)(3) TAX-EXEMPT ORGANIZATIONS ON AN ANNUAL BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernest M Hodge President | 1 | $0 | |
Dario Hodge Treasurer | 1 | $0 | |
Makis Hodge Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $94,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $94,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $58 |
| Contributions, gifts, grants paid | $62,312 |
| Total expenses and disbursements | $62,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,590 |
| 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 | $3,100 |
| Total assets | $85,690 |
| 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, Ernest M Hodge Foundation Inc has awarded $62,312 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
JUPITER MEDICAL CENTER FOUNDATION PURPOSE: COMMUNITY HEALTH | $10,000 |
MLC CANCER FOUNDATION PURPOSE: OVARIAN AND BREAST CANCER AWARENESS | $5,500 |
MORAL HILL MISSIONARY BAPTIST CHURC PURPOSE: MINISTRY | $5,000 |
NORFOLK STATE UNIVERSITY FOUNDATION PURPOSE: UNIVERSITY FOUNDATION | $30,562 |
NORTHGATE HIGH SCHOOL PURPOSE: HIGH SCHOOL ATHLETICS | $250 |
THE ADMIRALS COVE FOUNDATION PURPOSE: COMMUNITY HEALTH, EDUCATION, SERVICE | $1,000 |