M R And Evelyn Hudson Foundation
- Assets
- $77.8m
- Revenue
- $4.8m
- Investments
- $49.0m
- Employees
- 0
- Location
- Keller, TX
- Founding
- 08/1992
- Data as of
- 12/2023
- EIN
- 48-1107753
Organization Overview
M R And Evelyn Hudson Foundation is located in Keller, TX. The organization was established in 1992. 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. M R And Evelyn Hudson 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 12/2023, M R And Evelyn Hudson Foundation generated $4.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $6.5m during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, M R And Evelyn Hudson Foundation has awarded 319 individual grants totaling $16,600,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M K Larson Pres./director | 40 | $247,000 | |
Jesse Larson Vp/grants Anal | 40 | $118,500 | |
Karon Smith Sec/treasurer | 40 | $118,590 | |
Amy Coopman Director | 1 | $0 | |
Amy Meadows Director | 1 | $0 | |
Frank Merrick Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capfinancial Partners Llc | 12/30/23 | $58,731 |
Pinnacle Associates Ltd | 12/30/23 | $51,974 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $95,295 |
| Dividends & Interest | $1,443,650 |
| Net Rental Income | $999,697 |
| Net Gain on Sale of Assets | $2,162,656 |
| Capital Gain Net Income | $2,162,656 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $562 |
| Total Revenue | $4,752,163 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $484,090 |
| Other employee salaries and wages | $177,845 |
| Pension plans, employee benefits | $267,572 |
| Interest | $0 |
| Taxes | $145,095 |
| Depreciation | $53,709 |
| Occupancy | $23,126 |
| Travel, conferences, and meetings | $44,932 |
| Printing and publications | $0 |
| Other expenses | $195,618 |
| Total operating and administrative expenses | $1,605,298 |
| Contributions, gifts, grants paid | $4,900,000 |
| Total expenses and disbursements | $6,505,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,312 |
| Savings and temporary cash investments | $2,952,692 |
| 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 | $24,940,258 |
| Investments—mortgage loans | $0 |
| Investments—other | $27,000,120 |
| Net Land, buildings, and equipment | $901,306 |
| Other assets | $0 |
| Total assets | $77,792,371 |
| Accounts payable and accrued expenses | $171 |
| 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 | $171 |
Grants Awarded
Over the last fiscal year, M R And Evelyn Hudson Foundation has awarded $4,900,000 in support to 97 organizations.
| Grant Recipient | Amount |
|---|---|
29 PIECES PURPOSE: FUNDS WILL PROVIDE SUPPORT FOR THE LEGACY PROJECT CURRICULUM, AND FORMING PARTNERSHIPS WITH UNIVERSITIES TO INTEGRATE THE CURRICULUM. | $45,000 |
THE ACTORS CONSERVATORY THEATRE PURPOSE: FUNDS WILL PROVIDE SUPPORT FOR PRODUCTION EXPENSES. | $45,000 |
ARTISAN PRODUCTIONS INC PURPOSE: FUNDS WILL PROVIDE SUPPORT FOR PROGRAMMING, FINDING QUALIFIED TEACHERS, DIRECTORS, CHOREOGRAPHERS AND DESIGNERS FROM MULITPLE LOCAL SCHOOL DISTRICTS. | $45,000 |
BACHMAN LAKE TOGETHER PURPOSE: FUNDS WILL PROVIDE SUPPORT FOR GENERAL OPERATING TO ALLOW THE CURRENT STREAMS OF WORK TO CODIFY SUCCESSFUL PARENT LEADERSHIP MODEL. | $25,000 |
BIG THOUGHT PURPOSE: FUNDS WILL PROVIDE SUPPORT FOR CREATIVE VOICES. | $75,000 |
BIRDVILLE INDEPENDENT SCHOOL DISTRI PURPOSE: FUNDS ARE DESIGNED TO PROVIDE SUPPORT FOR WORK WITH SECONDARY CAMPUSES, FOR IMPLEMENTING CAMP CONNECT, CHECK AND CONNECT INITIATIVE, AND THE INNOVATION LAB. | $75,000 |