J R Hyde Iii Foundation
- Assets
- $233.3m
- Revenue
- $18.3m
- Investments
- $197.0m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 12/1992
- Data as of
- 12/2022
- EIN
- 62-1512725
Organization Overview
J R Hyde Iii Foundation is located in Memphis, TN. The organization was established in 1992. 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. J R Hyde Iii 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 12/2022, J R Hyde Iii Foundation generated $18.3m 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 (32.9%) each year. All expenses for the organization totaled $15.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, J R Hyde Iii Foundation has awarded 433 individual grants totaling $46,979,724. 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:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Sloyan President | 40 | $313,075 | |
Barbara R Hyde Chairman/ceo | 10 | $47,000 | |
John H Pontius Treasurer | 2 | $0 | |
Lorie Jernigan Secretary | 5 | $0 | |
Corie Rivers Asst Secretary | 5 | $66,000 | |
Joseph R Hyde III Director | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
P3 Consulting Llc | 12/30/22 | $140,000 |
Crisp Communications | 12/30/22 | $60,018 |
Consilence Group Llc | 12/30/22 | $87,683 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $251,393 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,835,340 |
| Capital Gain Net Income | $15,000,217 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,236,572 |
| Total Revenue | $18,323,305 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $426,075 |
| Other employee salaries and wages | $1,077,551 |
| Pension plans, employee benefits | $220,675 |
| Interest | $0 |
| Taxes | $900,289 |
| Depreciation | $57,792 |
| Occupancy | $140,635 |
| Travel, conferences, and meetings | $12,161 |
| Printing and publications | $0 |
| Other expenses | $199,390 |
| Total operating and administrative expenses | $3,459,188 |
| Contributions, gifts, grants paid | $11,939,240 |
| Total expenses and disbursements | $15,398,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,155 |
| Savings and temporary cash investments | $34,225,037 |
| 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 | $180,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,292 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $181,555,977 |
| Net Land, buildings, and equipment | $1,407,730 |
| Other assets | $20,833 |
| Total assets | $233,278,935 |
| 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, J R Hyde Iii Foundation has awarded $11,939,240 in support to 155 organizations.
| Grant Recipient | Amount |
|---|---|
901 PARKINSON'S FIGHTERS PURPOSE: GENERAL OPERATING SUPPORT | $125 |
A STEP AHEAD FOUNDATION INC PURPOSE: GENERAL OPERATING SUPPORT | $1,500 |
ALLMEMPHIS PURPOSE: SUPPORT FOR ALLMEMPHIS SUSTAINABILITY | $100,100 |
ALZHEIMER'S & DEMENTIA SVCS OF THE MID-SOUTH PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
ANIMAL PROTECTION ASSOCIATION PURPOSE: GENERAL OPERATING SUPPORT | $50 |
ARTSMEMPHIS PURPOSE: GENERAL OPERATING SUPPORT/SUPPORT FOR CONTEMPORARY ARTS MEMPHIS/SUPPORT FOR ARTS RECOVERY FUND | $150,450 |