Hutchinson Bell Inc
- Assets
- $1.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Temple Terrace, FL
- Founding
- 07/2015
- Data as of
- 05/2023
- EIN
- 81-4120427
Organization Overview
Hutchinson Bell Inc is located in Temple Terrace, FL. The organization was established in 2015. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Hutchinson Bell Inc 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 05/2023, Hutchinson Bell Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $1.3m during the year ending 05/2023. While expenses have increased by 14.7% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE-HUTCHINSON-BELL'S MISSION IS TO PROMOTE FLORIDA COLLEGE A TAX EXEMPT INSTITUTION OF HIGHER EDUCATION. THE-HUTCHINSON-BELL CONNECTS,COMMUNICATES, AND CULTIVATES THE ALUMNI AND FRIENDS OF THE COLLEGE. IT ALSO ENCOURAGES ATTENDANCE AT THE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE-HUTCHINSON-BELL CONDUCTS FLORIDA COLLEGE YOUTH SUMMER CAMPS DURING THE YEAR WITH PROSPECTIVE STUDENTS AND CAMP VOLUNTEER COUNSELORS. THE VOLUNTEERS CONSIST OF FLORIDA COLLEGE ALUMNI AND FRIENDS OF THE COLLEGE. THE CAMPS PROMOTE FLORIDA COLLEGE TO PROSPECTIVE STUDENTS, PROVIDE SCHOLARSHIPS TO FLORIDA COLLEGE, AND PROMOTE STUDENT RECRUITMENT.
GRANT TO FLORIDA COLLEGE, A 501(C)(3) TAX EXEMPT INSTITUTION OF HIGHER EDUCATION TO FURTHER THE TAX EXEMPT EDUCATION PURPOSES OF THE COLLEGE.
THE-HUTCHINSON-BELL AWARDED A TOTAL OF $214,021 IN SCHOLARSHIPS TO 107 QUALIFIED STUDENTS TO ATTEND FLORIDA COLLEGE DURING THE 2022-2023 SCHOOL YEAR. THESE SCHOLARSHIPS WERE AWARDED TO STUDENT APPLICANTS TO ATTEND THE COLLEGE. THE FUNDS FOR THE SCHOLARSHIPS WERE PROVIDED BY THE YOUTH SUMMER CAMPS, CONTRIBUTIONS AND FUNDRAISERS.
THE-HUTCHINSON-BELL MAKES TRAVEL AND REGISTRATION FEE GRANTS TO PROSPECTIVE STUDENTS TO VISIT THE FLORIDA COLLEGE CAMPUS AND PROMOTE ATTENDANCE AT THE COLLEGE. THESE GRANTS ARE AWARDED TO QUALIFIED APPLICANTS TO PAY THE FLORIDA COLLEGE FEES AND COSTS TO ATTEND THE ON-CAMPUS FLORIDA COLLEGE "FALCON DAYS" DURING 2022-2023 SCHOOL YEAR TO MEET FLORIDA COLLEGE FACULTY, TEACHERS, AND CURRENT STUDENTS OF THE COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Olson Chairman | OfficerTrustee | 5 | $0 |
Lesley Ferguson Board Member | Trustee | 1 | $0 |
Dan Fendley Board Member | Trustee | 1 | $0 |
Molly Johnstone Board Member | Trustee | 1 | $0 |
Todd Anderson Board Member | Trustee | 1 | $0 |
Jason Amalong Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $36,064 |
| Fundraising events | $171,572 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,387 |
| Total Program Service Revenue | $1,253,420 |
| Investment income | $43 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,390 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,540,195 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $225,260 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $698 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,711 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,186 |
| Office expenses | $10,717 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,575 |
| Travel | $8,087 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,330 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,940 |
| All other expenses | $192,930 |
| Total functional expenses | $1,278,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $929,425 |
| Savings and temporary cash investments | $322,232 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $50,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,301,657 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,301,657 |
| Total liabilities and net assets/fund balances | $1,301,657 |