Hilton Grand Vacations Foundation
- Assets
- $674.3k
- Revenue
- $200.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 11/2013
- Data as of
- 12/2022
- EIN
- 46-3111367
Organization Overview
Hilton Grand Vacations Foundation is located in Orlando, FL. The organization was established in 2013. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Hilton Grand Vacations 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, Hilton Grand Vacations Foundation generated $200.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $24.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAKE GRANTS TO SUPPORT DISASTER RELIEF, CHILDREN AND OTHER TAX EXEMPT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION GENERATES REVENUE AND INCURS EXPENSES IN CONNECTION WITH SILENT AUCTIONS HELD AT GOLF EVENTS, AND OTHER CHARITABLE ACTIVITIES FOR THE PURPOSE OF MAKING DISTRIBUTIONS TO ORGANIZATIONS DESCRIBED IN SECTION 170(B)(1)(A) AND 170(C) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION CREATED A CRISIS FUND INTENDED TO PROVIDE BASIC NECESSITIES AND TEMPORARY RELIEF TO THE MEET THE NECESSITIES OF LIFE OF PERSONS WHO ARE NEEDY AS A DIRECT RESULT OF A DISASTER, PERSONAL OR FAMILY ILLNESS, EMERGENCIES BEYOND THEIR CONTROL. THE CRISIS FUND SERVES ELIGIBLE EMPLOYEES OF THE ORGANIZATION AND ITS AFFILIATES, AND THOSE EMPLOYEES' DEPENDENTS. AN INDEPENDENT CRISIS FUND GRANT COMMITTEE REVIEWS ALL APPLICATIONS AND REQUIRES A MAJORITY VOTE TO MAKE OR DENY A GRANT. GRANT'S MAY NOT EXCEED 2,000 PER APPLICATION; PROVIDED, HOWEVER, IN EXTRAORDINARY CIRCUMSTANCES A GRANT IN EXCESS OF 2,000 MAY BE MADE WITH THE APPROVAL OF A TWO-THIRDS (2/3) MAJORITY OF THE COMMITTEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Wang President | OfficerTrustee | 0.5 | $0 |
Charles Corbin Evp & Secret | OfficerTrustee | 0.5 | $0 |
Daniel Mathewes Evp | OfficerTrustee | 0.5 | $0 |
Ben Loper SVP & Treasu | Officer | 0.5 | $0 |
Calder Huntington VP | Officer | 0.5 | $0 |
Carlos Hernandez SVP | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $215,747 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $150,510 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,747 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$15,567 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,180 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,118 |
| Advertising and promotion | $0 |
| Office expenses | $5,867 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $749 |
| All other expenses | $902 |
| Total functional expenses | $24,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $640,058 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,281 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $674,339 |
| Accounts payable and accrued expenses | $54,557 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $12,660 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $67,217 |
| Net assets without donor restrictions | $607,122 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $674,339 |
Grants Awarded
Over the last fiscal year, Hilton Grand Vacations Foundation has awarded $178,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA HOSPITAL FOUNDATION PURPOSE: GENERAL SUPPORT | $175,000 |
UNITED SERVICES ORGANIZATIONS INC PURPOSE: GENERAL SUPPORT | $3,000 |