Hundt Family Foundation Inc
- Assets
- $3.5m
- Revenue
- $141.0k
- Investments
- $3.3m
- Employees
- 0
- Location
- Chevy Chase, MD
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 52-2236016
Organization Overview
Hundt Family Foundation Inc is located in Chevy Chase, MD. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Hundt Family 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 12/2022, Hundt Family Foundation Inc generated $141.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $189.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hundt Family Foundation Inc has awarded 217 individual grants totaling $1,763,565. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reed E Hundt President | 0.5 | $0 | |
Elizabeth Katz-Hundt V/p & Secretary | 1 | $0 | |
Adam Hundt Director | 0.5 | $0 | |
William G Young Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $71,468 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$30,423 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$33 |
| Total Revenue | $141,012 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $113 |
| Taxes | $659 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $198 |
| Total operating and administrative expenses | $35,698 |
| Contributions, gifts, grants paid | $153,532 |
| Total expenses and disbursements | $189,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $117,808 |
| 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 | $1,999 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,466,245 |
| 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, Hundt Family Foundation Inc has awarded $153,532 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANT EDUCATION FUND PURPOSE: UNRESTRICTED- GENERAL SUPPORT | $1,000 |
AURELIAN HONOR SOCIETY PURPOSE: UNRESTRICTED- GENERAL SUPPORT | $5,000 |
ERADICATE ALS PURPOSE: UNRESTRICTED- GENERAL SUPPORT | $5,000 |
COALITION FOR GREEN CAPITAL PURPOSE: UNRESTRICTED- GENERAL SUPPORT | $111,032 |
EVERYBODY WINS DC PURPOSE: UNRESTRICTED- GENERAL SUPPORT | $500 |
FIRST AMENDMENT COALITION PURPOSE: UNRESTRICTED- GENERAL SUPPORT | $5,000 |