Hillsdale Fund Inc
- Assets
- $28.7m
- Revenue
- $947.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 08/1964
- Data as of
- 12/2022
- EIN
- 56-6057433
Organization Overview
Hillsdale Fund Inc is located in Greensboro, NC. The organization was established in 1964. 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. Hillsdale Fund 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, Hillsdale Fund Inc generated $947.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 2.2% per year over the past 7 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 2014, Hillsdale Fund Inc has awarded 646 individual grants totaling $11,398,817. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George L Dufournier Trustee | 1 | $0 | |
William L R Smith Trustee | 1 | $0 | |
Lunsford R Smith Trustee | 1 | $0 | |
Sion A Boney III Treasurer | 1 | $0 | |
Margaret W Gallagher Trustee | 1 | $0 | |
Laurinda L Douglas Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,632 |
| Dividends & Interest | $57,831 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $182,996 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $886,122 |
| Total Revenue | $947,585 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $79,104 |
| Pension plans, employee benefits | $2,345 |
| Interest | $0 |
| Taxes | $205,154 |
| Depreciation | $0 |
| Occupancy | $17,036 |
| Travel, conferences, and meetings | $14,930 |
| Printing and publications | $0 |
| Other expenses | $178,132 |
| Total operating and administrative expenses | $496,976 |
| Contributions, gifts, grants paid | $1,527,998 |
| Total expenses and disbursements | $2,024,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,290 |
| Savings and temporary cash investments | $363,130 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $28,247,849 |
| Total assets | $28,684,269 |
| 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, Hillsdale Fund Inc has awarded $1,527,998 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
A STOREHOUSE FOR JESUS PURPOSE: TO ASSIST THE TAX EXEMPT ORGANIZATION TO CARRY OUT ITS EXEMPT PURPOSE. | $10,000 |
ACADEMY OF WHOLE LEARNING PURPOSE: TO ASSIST THE TAX EXEMPT ORGANIZATION TO CARRY OUT ITS EXEMPT PURPOSE. | $50,000 |
AFRICULTURE PURPOSE: TO ASSIST THE TAX EXEMPT ORGANIZATION TO CARRY OUT ITS EXEMPT PURPOSE. | $3,250 |
ALLIANCE FOR THE SHENANDOAH VALLEY PURPOSE: TO ASSIST THE TAX EXEMPT ORGANIZATION TO CARRY OUT ITS EXEMPT PURPOSE. | $80,000 |
ARATI'S LOVE AND RESCUE FOUNDATION PURPOSE: TO ASSIST THE TAX EXEMPT ORGANIZATION TO CARRY OUT ITS EXEMPT PURPOSE. | $25,500 |
BLUE AND GOLD ALUMNI SCHOLARSHIP PURPOSE: TO ASSIST THE TAX EXEMPT ORGANIZATION TO CARRY OUT ITS EXEMPT PURPOSE. | $10,000 |