Jim Hutton Educational Foundation
- Assets
- $3.7m
- Revenue
- $39.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, CO
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 84-1553703
Organization Overview
Jim Hutton Educational Foundation is located in Burlington, CO. The organization was established in 2001. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is the central organization for a national or regional group of organizations. Jim Hutton Educational 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, Jim Hutton Educational Foundation generated $39.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.9%) each year. All expenses for the organization totaled $100.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO TWO NURSING STUDENTS RESIDENT IN KIT CARSON AND YUMA COUNTIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Gross Director | 2 | $4,150 | |
Chase Carlin Director | 1 | $1,700 | |
John C Penny Jr Director | 0 | $900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $39,287 |
| Dividends & Interest | $7 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,294 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $1,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $860 |
| Other expenses | $49,163 |
| Total operating and administrative expenses | $60,472 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $100,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $356,952 |
| Savings and temporary cash investments | $3,117,121 |
| 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 | $195,652 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,500 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,677,225 |
| 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, Jim Hutton Educational Foundation has awarded $40,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDRA HITCHCOCK-REGIS UNIVERSIT PURPOSE: NURSING SCHOLARSHIP FOR ALEXANDRA HITCHCOCK | $20,000 |
VANESSA DISCHNER-UNIV OF COLORADO PURPOSE: NURSING SCHOLARSHIP | $20,000 |
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Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Los Alamos National Laboratory Foundation Espanola, NM | $121,206,991 | $6,734,322 |
Friends Of Guadalupe Salt Lake City, UT | $991,216 | $160,574 |
Rockley Family Foundation Inc Golden, CO | $1,094,070 | $6,767,758 |
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