Addison Hutchison Foundation
- Assets
- $110.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mooresville, NC
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 84-2876442
Organization Overview
Addison Hutchison Foundation is located in Mooresville, NC. The organization was established in 2019. 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. Addison Hutchison 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, Addison Hutchison Foundation generated $50.2k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $11.8k during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 2 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shane Hutchison President | 5 | $0 | |
Sandi Vanwormer Vice President | 3 | $0 | |
Elizabeth Loiacano Treasurer | 2 | $0 | |
Jamie Current Secretary | 1 | $0 | |
Ryan Mckinney Member At Large | 1 | $0 | |
Shelley Hutchison Executive Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,358 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$8,302 |
| Other Revenue | $0 |
| Total Revenue | $50,247 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $253 |
| Other expenses | $11,588 |
| Total expenses | $11,841 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $110,693 |
| Other assets | $0 |
| Total assets | $110,693 |
| Total liabilities | $0 |
| Net assets or fund balances | $110,693 |