M R And Evelyn Hudson Foundation
- Assets
- $81.6m
- Revenue
- $5.0m
- Investments
- $50.5m
- Employees
- 0
- Location
- Keller, TX
- Founding
- 08/1992
- Data as of
- 12/2021
- 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 12/2021, M R And Evelyn Hudson Foundation generated $5.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 4 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 145 individual grants totaling $7,400,000. 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 | $230,000 | |
Jesse Larson Vp/grants Anal | 40 | $121,252 | |
Karon Smith Sec/treasurer | 40 | $100,000 | |
Karen Hibbs Educ. & Comm. | 24 | $67,172 | |
Sarah Mcmanic Design/it | 40 | $64,035 | |
Amy Coopman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,285 |
| Dividends & Interest | $1,369,226 |
| Net Rental Income | $1,205,205 |
| Net Gain on Sale of Assets | $2,303,975 |
| Capital Gain Net Income | $2,303,975 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $725 |
| Total Revenue | $4,993,813 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $451,252 |
| Other employee salaries and wages | $131,207 |
| Pension plans, employee benefits | $220,070 |
| Interest | $0 |
| Taxes | $121,668 |
| Depreciation | $54,934 |
| Occupancy | $33,676 |
| Travel, conferences, and meetings | $16,448 |
| Printing and publications | $0 |
| Other expenses | $230,273 |
| Total operating and administrative expenses | $1,499,585 |
| Contributions, gifts, grants paid | $3,700,000 |
| Total expenses and disbursements | $5,199,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,659 |
| Savings and temporary cash investments | $5,178,305 |
| 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 | $24,940,587 |
| Investments—mortgage loans | $0 |
| Investments—other | $29,936,939 |
| Net Land, buildings, and equipment | $978,073 |
| Other assets | $0 |
| Total assets | $81,633,941 |
| 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, M R And Evelyn Hudson Foundation has awarded $3,700,000 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
KELLER INDEPENDENT SCHOOL DISTRICT PURPOSE: FUNDS WILL PROVIDE SUPPORT FOR THE KISD ART SHOW, TRANSFORMATION GRANTS, THE ITS AWARD AND PILOTING IDEAS FOR A WHIMSY PARK CONCEPT. | $250,000 |
Dallas, TX PURPOSE: FUNDS WILL PROVIDE SUPPORT FOR CHARACTER EDUCATION AND LITERACY, CAMPUS AND NETWORK-BASED SUPPORT, STAFF WELLNESS WEDNESDAY MAGICAL ADVENTURE TRIPS, CAMPUS WELL-BEING INNOVATION CHALLENGES AND A COLLABORATIVE PARTNERSHIP WITH JOURNEYMAN INK. | $225,000 |
UNIVERSITY OF TEXAS SOUTHWESTERN ME PURPOSE: FUNDS WILL ESTABLISH AN ENDOWMENT FOR THE BENEFIT OF THE DEPARTMENT OF RADIOLOGY AND A COMPANION CURRENT USE FUND. | $225,000 |
CHANCE TO SOAR PURPOSE: FUNDS WILL SUPPORT GENERAL OPERATIONS, PROFESSIONAL DEVELOPMENT AND THE ORGANIZATION'S AREA OF GIFTING FOR ACTS OF KINDNESS. | $175,000 |
Oklahoma City, OK PURPOSE: FUNDS WILL SUPPORT ONGOING OPERATIONS OF THE DAY SHELTER. | $175,000 |
Grapevine, TX PURPOSE: FUNDS WILL SUPPORT BUILDING COSTS, BUILDING CAPITAL IMPROVEMENTS, PROJECTS AND PROGRAMMING. | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |