The Hutchinson Family Foundation
- Assets
- $55.3k
- Revenue
- $3.2k
- Investments
- $53.4k
- Employees
- 0
- Location
- Inlet Beach, FL
- Founding
- 02/2001
- Data as of
- 11/2023
- EIN
- 63-1263175
Organization Overview
The Hutchinson Family Foundation is located in Inlet Beach, FL. The organization was established in 2001. 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. Hutchinson Family 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 11/2023, Hutchinson Family Foundation generated $3.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $53.9k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hutchinson Family Foundation has awarded 30 individual grants totaling $316,290. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josephine M Hutchinson Chairman | 1 | $0 | |
Thomas S Hutchinson Vicechairman | 1 | $0 | |
Clark Hutchinson Director | 1 | $0 | |
Joseph G Hutchinson Director | 1 | $0 | |
Corye H Ivatt Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $2,517 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $694 |
| Capital Gain Net Income | $336 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,224 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $751 |
| Total operating and administrative expenses | $2,751 |
| Contributions, gifts, grants paid | $51,120 |
| Total expenses and disbursements | $53,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,866 |
| 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 | $55,300 |
| 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, The Hutchinson Family Foundation has awarded $51,120 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ALABAMA PURPOSE: GENERAL FUND | $30,120 |
LEE SCOTT ACADEMY PURPOSE: GENERAL FUND | $14,000 |
EASTSIDE BAPTIST CHURCH PURPOSE: GENERAL FUND | $1,000 |
EASTSIDE CHRISTIAN SCHOOL PURPOSE: GENERAL FUND | $5,000 |
REEL LIFE INTERNATIONAL PURPOSE: GENERAL FUND | $1,000 |