Jim Hutton Educational Foundation
- Assets
- $3.6m
- Revenue
- $28.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, CO
- Founding
- 02/2001
- Data as of
- 12/2022
- 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 12/2022, Jim Hutton Educational Foundation generated $28.5k 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 (67.9%) each year. All expenses for the organization totaled $75.8k during the year ending 12/2022. 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
2022
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 | $6,650 | |
Chase Carlin Director | 1 | $2,700 | |
John C Penny Jr Director | 0 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $28,504 |
| Dividends & Interest | $0 |
| 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 | $28,504 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,350 |
| 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 | $20,476 |
| Total operating and administrative expenses | $35,797 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $75,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,555 |
| Savings and temporary cash investments | $3,145,054 |
| 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 | $256,315 |
| 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 | $3,629,924 |
| 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 |
|---|---|
OLIVIA HERNANDEZ PURPOSE: NURSING SCHOLARSHIP/MORGAN COMM COLLEGE | $20,000 |
PAIGE FISHER PURPOSE: NURSING SCHOLARSHIP/FORT HAYS STATE UNIV | $20,000 |