The Cecil And Irene Hylton Foundation Inc
- Assets
- $91.7m
- Revenue
- $4.0m
- Investments
- $55.1m
- Employees
- 0
- Location
- Dale City, VA
- Founding
- 07/1989
- Data as of
- 12/2021
- EIN
- 52-1633658
Organization Overview
The Cecil And Irene Hylton Foundation Inc is located in Dale City, VA. The organization was established in 1989. 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. Cecil And Irene Hylton 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 12/2021, Cecil And Irene Hylton Foundation Inc generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Cecil And Irene Hylton Foundation Inc has awarded 54 individual grants totaling $10,604,749. 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 |
|---|---|---|---|
Kendall B Lewis Treasurer | 45 | $215,445 | |
Conrad C Hylton Jr Director | 1 | $50,000 | |
Cynthia D Carpenter Director | 1 | $37,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $66,239 |
| Dividends & Interest | $1,876,159 |
| Net Rental Income | $8,726 |
| Net Gain on Sale of Assets | $1,364,091 |
| Capital Gain Net Income | $1,364,091 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $382,580 |
| Total Revenue | $3,953,049 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $352,945 |
| Other employee salaries and wages | $100,385 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $91,289 |
| Depreciation | $2,691 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $381,196 |
| Total operating and administrative expenses | $938,178 |
| Contributions, gifts, grants paid | $2,555,009 |
| Total expenses and disbursements | $3,493,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,048 |
| Savings and temporary cash investments | $19,348,124 |
| Net Accounts receivable | $85,784 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $4,548,817 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,697,730 |
| Net Land, buildings, and equipment | $12,378,249 |
| Other assets | $73,163 |
| Total assets | $91,666,123 |
| Accounts payable and accrued expenses | $388 |
| 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 | $388 |
Grants Awarded
Over the last fiscal year, The Cecil And Irene Hylton Foundation Inc has awarded $2,555,009 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
THE HYLTON PERFORMING ARTS CENTER AT GMU PURPOSE: GRANTS FOR THE DEVELOPMENT OF FACILITY TO HOST EDUCATIONAL ART EVENTS.THIS RECIPIENT IS A NOT FOR PROFIT 501(C)(3). | $1,000,000 |
Woodbridge, VA PURPOSE: OPERATIONAL GRANTS FOR THE UPKEEP OF FACILTY SO THAT IT CAN PROVIDE A CENTER FOR RELIGIOUS ACTIVITIES. | $862,194 |
Woodbridge, VA PURPOSE: 2020 DONATION MATCHING GRANT | $264,695 |
C D HYLTON SENIOR HIGH SCHOOL PURPOSE: GRANT TO FUND ATHLETIC FIELDS MAINTENANCE, PURCHASING OF STEM MACHINES, AND FOOTBALLS FOR CHEER SQUAD. | $124,000 |
THE GOOD NEWS KITCHEN PURPOSE: GRANT TO FUND ANTI-POVERTY DIRECT SERVICE PROGRAMS | $50,000 |
Arlington, VA PURPOSE: GRANT FOR ADULT DENTAL PREVENTION AND TREATMENT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
P H P Inc Hopkinsville, KY | $1,933,207 | $15,725,161 |