Hightower Family Foundation
- Assets
- $5.6k
- Revenue
- $35.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Middletown, OH
- Founding
- 07/2015
- Data as of
- 12/2021
- EIN
- 47-4531344
Organization Overview
Hightower Family Foundation is located in Middletown, OH. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Hightower Family 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 12/2021, Hightower Family Foundation generated $35.0k 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 (17.1%) each year. All expenses for the organization totaled $31.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hightower Family Foundation has awarded 28 individual grants totaling $234,648. 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
ENCOURAGE YOUTH EDUCATION AND ENTREPREPREURSHIP
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 |
|---|---|---|---|
Stephen L Hightower Chair | 0.1 | $0 | |
Stephine Thomas Member | 0.1 | $0 | |
Stephen L Hightower II Member | 0.1 | $0 | |
Bernita Mc Cann Member | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| 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 | $20,000 |
| Total Revenue | $35,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,837 |
| Total operating and administrative expenses | $31,837 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $31,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,626 |
| 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 | $0 |
| Total assets | $5,626 |
| 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, Hightower Family Foundation has awarded $5,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LINCOLN HEIGHTS OUTREACH INC PURPOSE: CONTRIBUTION GEN FUND | $5,000 |