H Fund is located in Amarillo, TX. The organization was established in 2001. 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. H Fund 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, H Fund generated $70.3k 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 (16.6%) each year. All expenses for the organization totaled $40.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, H Fund has awarded 50 individual grants totaling $834,123. 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 |
---|---|---|---|
Jack S Hudgins Vice President | 0 | $0 | |
Marlene Hoge Hudgins Vice President | 0 | $0 | |
Jack S Hudgins Jr President | 0 | $0 | |
Debbie Land Hudgins Vice President | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $31,348 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $16,257 |
Capital Gain Net Income | $16,257 |
Net ST Capital Gain | $7,435 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $22,688 |
Total Revenue | $70,293 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $1,873 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $12,163 |
Contributions, gifts, grants paid | $28,000 |
Total expenses and disbursements | $40,163 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $23,449 |
Savings and temporary cash investments | $170,000 |
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 | $1,462,657 |
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, H Fund has awarded $28,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
FIRST BAPTIST CHURCH-AMARILLO PURPOSE: GENERAL | $20,000 |
TEXAS NURSES ASSOC PURPOSE: SCOLARSHIPS | $8,000 |