The Melvin And Virginia Hutson Foundation is located in Decatur, AL. The organization was established in 1984. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Melvin And Virginia Hutson 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 12/2021, Melvin And Virginia Hutson Foundation generated $349.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $657.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Melvin And Virginia Hutson Foundation has awarded 273 individual grants totaling $3,946,717. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Karen W Truitt President | 10 | $51,000 | |
Mike Steryous Vp/secretary | 1 | $3,525 | |
Kenton Steryous Treasurer | 0 | $2,950 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $341,926 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $7,486 |
Capital Gain Net Income | $7,486 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $12 |
Total Revenue | $349,424 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $57,475 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $10,000 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $1,821 |
Printing and publications | $0 |
Other expenses | $5,985 |
Total operating and administrative expenses | $146,981 |
Contributions, gifts, grants paid | $510,000 |
Total expenses and disbursements | $656,981 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,283,406 |
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 | $0 |
Total assets | $7,886,096 |
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 |
Over the last fiscal year, The Melvin And Virginia Hutson Foundation has awarded $510,000 in support to 37 organizations.
Grant Recipient | Amount |
---|---|
Taylors, SC PURPOSE: CHARITABLE | $56,000 |
Greenville, SC PURPOSE: CHARITABLE | $50,000 |
NORTH LOVE BAPTIST CHURCH PURPOSE: CHARITABLE | $48,000 |
OPEN DOORS USA PURPOSE: CHARITABLE | $41,000 |
MOUNT ABARIM BAPTIST MISSION PURPOSE: CHARITABLE | $34,500 |
Taylors, SC PURPOSE: CHARITABLE | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |