Hitchcock Foundation
- Assets
- $1.1m
- Revenue
- $447.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Cave Creek, AZ
- Founding
- 05/1984
- Data as of
- 12/2022
- EIN
- 86-0474259
Organization Overview
Hitchcock Foundation is located in Cave Creek, AZ. The organization was established in 1984. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Hitchcock 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, Hitchcock Foundation generated $447.5k in total revenue. All expenses for the organization totaled $324.2k during the year ending 12/2022. While expenses have increased by 387.3% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE IS TO PRESERVE FOR ALL TIME THE WAY OF LIFE OF THE WESTERN RANCH AND THE HERITAGE OF THE AMERICAN COWBOY BY PROVIDING A WORKING RANCH WHICH IS A MUSEUM OF WESTERN ART THAT MAY BE ENJOYED BY THE PUBLIC IN A SUITABLE AND TRULY WESTERN SETTING. THIS IS A PLACE WHERE THE PUBLIC CAN SEE FIRST HAND THE WORLD OF THE COWBOY. THE EMPLOYEES PROVIDE SERVICES FOR THE RANCH. THE RANCH MANAGER LIVES ON THE RANCH AND OVERSEES ALL DAY-TO-DAY OPERATIONS OF THE RANCH ITSELF. THIS INCLUDES MANUAL RANCHING WORK AND OPERATING MACHINERY, THE CARE AND FEEDING OF CATTLE AND HORSES AND HE IS ALSO HE CARETAKER OF THE PROPERTY. THE OFFICE MANAGER HAS PRIMARY RESPONSIBILITY FOR THE OPERATIONS OF THE OFFICE AND THE FOUNDATION. THE OFFICE MANAGER WORKS CLOSELY WITH THE PRESIDENT OF THE FOUNDATION TO MAKE SURE GUIDELINES FOR THE RANCH'S PURPOSE ARE CARRIED OUT EFFECTIVELY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Phelps Director | 40 | $25,725 | |
Kurt Mcfarland President | 0 | $0 | |
Daniel Samsill Vice Preside | 0 | $0 | |
Kathryn Lee Weaver Director | 0 | $0 | |
Randy Edwards Director | 0 | $0 | |
Jack Ingrao Director | 40 | $30,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $451,693 |
| Interest on Savings | $119 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,362 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $447,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $55,725 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,305 |
| Interest | $0 |
| Taxes | $4,274 |
| Depreciation | $0 |
| Occupancy | $3,900 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $244,569 |
| Total operating and administrative expenses | $316,239 |
| Contributions, gifts, grants paid | $8,000 |
| Total expenses and disbursements | $324,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,475 |
| Savings and temporary cash investments | $690,433 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $425,063 |
| Other assets | $28,486 |
| Total assets | $1,149,457 |
| 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, Hitchcock Foundation has awarded $8,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL COWBOY & WESTERN HERITAGE PURPOSE: CONTRIBUTION | $1,000 |
CAVE CREEK MUSEUM PURPOSE: CONTRIBUTION | $1,000 |
PHIPPEN MUSEUM PURPOSE: CONTRIBUTION | $5,000 |
PRESCOTT WESTERN HERITAGE MUSEUM PURPOSE: CONTRIBUTION | $1,000 |