Hitchcock Woods Foundation
- Assets
- $15.5m
- Revenue
- $1.4m
- Investments
- $96.5k
- Employees
- 9
- Location
- Aiken, SC
- Founding
- 03/1980
- Data as of
- 06/2022
- EIN
- 57-0181600
Organization Overview
Hitchcock Woods Foundation is located in Aiken, SC. The organization was established in 1980. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. As of 06/2022, Hitchcock Woods Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hitchcock Woods 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 06/2022, Hitchcock Woods Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $626.1k during the year ending 06/2022. While expenses have increased by 3.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HITCHCOCK WOODS FOUNDATION OWNS, MAINTAINS, AND MANAGES THE 2100 - ACRE HITCHCOCK WOODS IN AIKEN,SOUTH CAROLINA, FOR THE BENEFIT OF RESIDENTS AND VISITORS. MORE THAN 65 MILES OF TRAILS THROUGHOUT THE NATURAL FOREST PROVIDE ACCESS TO A VARIETY OF HABITATS FOR THE ENJOYMENT OF EQUESTRIANS AND PEDESTRIANS. THE FOREST IS OPEN FROM SUNUP TO SUNDOWN 365 DAYS A YEAR. ADMISSION FOR GENERAL USE OF THE WOODS IS MADE FREE THROUGH VOLUNTARY FINANCIAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HITCHCOCK WOODS FOUNDATION PROTECTS AND PRESERVES A 2100 ACRE FOREST IN A NATURAL AND ECOLOGICALLY HEALTHY STATE. IT MAINTAINS AND MANAGES HISTORIC AND TRADITIONAL EQUESTRIAN AND PEDESTRIAN USES OF THE WOODS, AND FOSTERS EDUCATION AND RESEARCH ON THE HISTORY AND RESOURCES OF THE WOODS.
HITCHCOCK WOODS FOUNDATION UPHOLDS AND MANAGES THE AIKEN HORSE SHOW, ESTABLISHED IN 1916, TO SUSTAIN THE LEGACY OF THE HITCHCOCK FAMILY. THE HITCHCOCKS ESTABLISHED THE EQUESTRIAN COMMUNITY IN AIKEN, CONTRIBUTING TO THE GROWTH OF THE EQUESTRIAN ECONOMY IN AIKEN AND THROUGHOUT SOUTH CAROLINA.
HITCHCOCK WOODS FOUNDATION UPHOLDS THE AIKEN HOUNDS, ESTABLISHED IN 1914 BY THE HITCHCOCKS, MAKING IT THE OLDEST DRAG HUNT IN AMERICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Larry E Byers Treasurer | OfficerTrustee | 0.3 | $0 |
Mrs Courtney W Conger Secretary | OfficerTrustee | 0.3 | $0 |
Mrs Lucy M Knowles Assistant Secretary | OfficerTrustee | 0.3 | $0 |
Mrs Linda K Mclean Vice Chair | OfficerTrustee | 0.3 | $0 |
Mr Timothy W Simmons Vice Treasurer | OfficerTrustee | 0.3 | $0 |
Mrs Joanna Samson Chairman | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $896,079 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $900,829 |
| Total Program Service Revenue | $308,930 |
| Investment income | $129,217 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,504 |
| Net Income from Fundraising Events | $43,108 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,577 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,411,845 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $234,243 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $40,252 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,202 |
| Advertising and promotion | $0 |
| Office expenses | $18,682 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,598 |
| Travel | $57 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,350 |
| Insurance | $43,446 |
| All other expenses | $7,069 |
| Total functional expenses | $626,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,314,129 |
| 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 | $10,595,537 |
| Investments—publicly traded securities | $3,424,403 |
| Investments—other securities | $96,526 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,000 |
| Total assets | $15,470,595 |
| Accounts payable and accrued expenses | $36,691 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,126 |
| Total liabilities | $37,817 |
| Net assets without donor restrictions | $15,185,999 |
| Net assets with donor restrictions | $246,779 |
| 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 | $15,470,595 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Hitchcock Woods Foundation has recieved totaling $115,379.
| Awarding Organization | Amount |
|---|---|
Robert K Johnson Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $25,000 |
Yawkey Foundation Dedham, MA PURPOSE: LAND PRESERVATION, PROTECTION AND MANAGEMENT PROGRAMS | $25,000 |
Hathaway Family Foundation Millbrook, NY PURPOSE: CHARITABLE | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $16,850 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,068 |
The Community Foundation For The Csra Augusta, GA PURPOSE: CHARITABLE PURPOSE | $6,000 |
Endowment Analysis
| Beg. Balance | $3,566,061 |
| Earnings | -$654,804 |
| Net Contributions | $425,000 |
| Ending Balance | $3,336,257 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trees Atlanta Inc Atlanta, GA | $22,282,688 | $7,987,544 |
Carolina Thread Trail Charlotte, NC | $9,604,448 | $2,824,826 |
Southern Appalachian Wilderness Stewards Asheville, NC | $134,823 | $1,067,088 |
Hitchcock Woods Foundation Aiken, SC | $15,470,595 | $1,411,845 |
Chestatee-Chattahoochee Resource Conservation And Development Area Demorest, GA | $549,963 | $562,282 |
Trees Greenville Inc Greenville, SC | $431,689 | $572,807 |
Keep North Fulton Beautiful Inc Sandy Springs, GA | $204,837 | $439,933 |
New Leaf Society Burlington, NC | $689,493 | $352,103 |
Keep The Midlands Beautiful West Columbia, SC | $274,867 | $180,223 |
Town Center Community Alliance Inc Kennesaw, GA | $238,557 | $297,178 |
Greensboro Beautiful Inc Greensboro, NC | $2,116,945 | $195,187 |
Uptown Lexington Inc Lexington, NC | $128,024 | $185,039 |