Gerard And Patricia Hipp Family Foundation
- Assets
- $2.9m
- Revenue
- $1.0m
- Investments
- $1.7m
- Employees
- 0
- Location
- Norwalk, OH
- Founding
- 09/2002
- Data as of
- 12/2021
- EIN
- 76-0702181
Organization Overview
Gerard And Patricia Hipp Family Foundation is located in Norwalk, OH. The organization was established in 2002. 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. Gerard And Patricia Hipp 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 12/2021, Gerard And Patricia Hipp Family Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 51.8% each year . All expenses for the organization totaled $78.2k during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Gerard And Patricia Hipp Family Foundation has awarded 85 individual grants totaling $237,290. 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 |
|---|---|---|---|
Anne M Everson Secretary | 1 | $0 | |
Jeffrey G Hipp President | 1 | $0 | |
Joel E Hipp Vice President | 1 | $0 | |
Mary P Berry Treasurer | 1 | $0 | |
Gerard C Hipp Board Member | 1 | $0 | |
John P Hipp Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $941,139 |
| Interest on Savings | $78 |
| Dividends & Interest | $65,255 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,520 |
| Capital Gain Net Income | $22,520 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,028,992 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $972 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $210 |
| Total operating and administrative expenses | $11,252 |
| Contributions, gifts, grants paid | $66,990 |
| Total expenses and disbursements | $78,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,163,926 |
| 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 | $760 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $278,218 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,874,768 |
| 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, Gerard And Patricia Hipp Family Foundation has awarded $66,990 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Norwalk, OH PURPOSE: GENERAL PURPOSE | $14,570 |
Norwalk, OH PURPOSE: GENERAL PURPOSE | $10,000 |
ABIGAIL PREGNANCY SERVICES PURPOSE: GENERAL PURPOSE | $5,000 |
Reston, VA PURPOSE: GENERAL PURPOSE | $5,000 |
Norwalk, OH PURPOSE: GENERAL PURPOSE | $5,000 |
Mansfield, OH PURPOSE: GENERAL PURPOSE | $4,570 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI | $111,040,892 | $8,504,096 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Deborah Joy Simon Foundation Carmel, IN | $67,791,546 | $8,858,983 |
Hillier Family Foundation Akron, OH | $0 | $3,603,112 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Wing Shadow Foundation Ada, MI | $89,908,464 | $23,772,931 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Hazel Ruby Mcquain Charitable Tr Morgantown, WV | $103,286,088 | $9,092,496 |
Scripps-Howard Foundation Cincinnati, OH | $57,417,924 | $12,029,094 |
Albert J Weatherhead Estate Trust Uw Item Iv National City Bk Of Cle Mayfield Heights, OH | $171,110,624 | $12,657,241 |