Sarah Bonwell Hudgins Foundation Inc
- Assets
- $6.3m
- Revenue
- $448.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Hampton, VA
- Founding
- 04/1987
- Data as of
- 06/2022
- EIN
- 54-0971072
Organization Overview
Sarah Bonwell Hudgins Foundation Inc is located in Hampton, VA. The organization was established in 1987. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Sarah Bonwell Hudgins Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sarah Bonwell Hudgins 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 06/2022, Sarah Bonwell Hudgins Foundation Inc generated $448.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $564.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE LIVES OF PEOPLE WITH MENTAL AND PHYSICAL DISABILITIES THROUGH DEVELOPMENT AND MAINTENANCE OF A CENTRALIZED 40 ACRE CAMPUS OF BUILDINGS LEASED TO APPROPRIATE SERVICE PROVIDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEPRECIATION AND MAINTENANCE ON FACILITIES USED AS A TRAINING AND REHABILITATION CENTER FOR MENTALLY DISABLED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorri Powers Executive Director | Officer | 40 | $95,435 |
Jennifer Register President | OfficerTrustee | 1 | $0 |
Richard Bagley Jr Second Vice President | OfficerTrustee | 1 | $0 |
Herbert Green Secretary | OfficerTrustee | 1 | $0 |
William Stinebaugh Treasurer | OfficerTrustee | 1 | $0 |
Sarah Puckett Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,570 |
| Total Program Service Revenue | $202,672 |
| Investment income | $131,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,475 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $448,602 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,689 |
| Compensation of current officers, directors, key employees. | $39,876 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,782 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,000 |
| Payroll taxes | $12,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,310 |
| Fees for services: Accounting | $17,573 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,759 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,000 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,646 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $202,328 |
| Insurance | $27,194 |
| All other expenses | $6,179 |
| Total functional expenses | $564,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $466,732 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,085,596 |
| Investments—publicly traded securities | $2,756,244 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,232 |
| Total assets | $6,313,804 |
| Accounts payable and accrued expenses | $9,710 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $192,828 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,000 |
| Total liabilities | $209,538 |
| Net assets without donor restrictions | $6,104,266 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,313,804 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sarah Bonwell Hudgins Foundation Inc has recieved totaling $62.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $62 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Versability Resources Inc Hampton, VA | $38,988,304 | $55,905,926 |
The Arc Baltimore Inc Baltimore, MD | $34,863,848 | $52,443,624 |
Orange Grove Center Inc Chattanooga, TN | $25,283,096 | $40,700,796 |
Way Station Inc Frederick, MD | $48,827,954 | $38,298,060 |
Emerge Inc Columbia, MD | $32,400,357 | $38,462,137 |
Community Support Services Gaithersburg, MD | $39,474,698 | $37,353,075 |
Arc Of Prince Georges County Inc Largo, MD | $28,484,886 | $35,714,387 |
Shelby Residential And Vocational Services Inc Memphis, TN | $11,136,048 | $28,344,823 |
Arc Of Washington County Inc Hagerstown, MD | $39,737,967 | $35,189,004 |
Arc Of Montgomery County Inc Rockville, MD | $15,718,782 | $30,280,101 |
Compass Inc Beltsville, MD | $25,197,115 | $27,736,040 |
Life Bridges Inc Cleveland, TN | $14,755,928 | $22,280,185 |