Hudson Foundation Inc
- Assets
- $39.5k
- Revenue
- $26.0k
- Investments
- $33.0k
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 12/1989
- Data as of
- 12/2023
- EIN
- 62-1363739
Organization Overview
Hudson Foundation Inc is located in Chattanooga, TN. 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. Hudson 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 12/2023, Hudson Foundation Inc generated $26.0k 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 (32.1%) each year. All expenses for the organization totaled $24.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Hudson President | 0 | $0 | |
James C Hudson III Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,995 |
| Interest on Savings | $0 |
| Dividends & Interest | $224 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,771 |
| Total Revenue | $25,990 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $58 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $101 |
| Total operating and administrative expenses | $759 |
| Contributions, gifts, grants paid | $23,250 |
| Total expenses and disbursements | $24,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,207 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $287 |
| 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 | $29,291 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $39,504 |
| 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, Hudson Foundation Inc has awarded $23,250 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
WINCHESTER CHRISTIAN ACADEMY PURPOSE: MAKE YOUR MARK CAMPAIGN | $1,000 |
ST MARK'S EPISCIPAL CHURCH PURPOSE: GENERAL FUND | $250 |
CHAMBLISS CENTER FOR CHILDREN PURPOSE: 2022 AND 2023 FLAG SPONSORSHIP | $2,000 |
UNITED WAY OF GREATER CHATTANOOGA PURPOSE: GENERAL FUND | $10,000 |
CHOICES PREGNANCY RESOURCE CENTER PURPOSE: GENERAL FUND | $2,000 |
CHATTANOOGA AREA FOOD BANK PURPOSE: GENERAL FUND | $4,000 |