The Hutton Settlement
- Assets
- $35.6m
- Revenue
- $6.3m
- Investments
- $459.4k
- Employees
- 31
- Location
- Spokane, WA
- Founding
- 08/2018
- Data as of
- 12/2021
- EIN
- 91-0564969
Organization Overview
The Hutton Settlement is located in Spokane, WA. The organization was established in 2018. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2021, Hutton Settlement employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hutton Settlement 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, Hutton Settlement generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $3.7m during the year ending 12/2021. While expenses have increased by 14.4% per year over the past 5 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HUTTON SETTLEMENT, INC. IS A RESIDENTIAL CHILD CARE AGENCY PROVIDING LONG TERM CARE OF DEPENDENT NEGLECTED CHILDREN. THE AVERAGE NUMBER OF CHILDREN IN CARE IN THE CURRENT YEAR WAS 26.WITH STRONG VALUES, PASSIONATE STAFF AND WISE GOVERNANCE, THE HUTTON SETTLEMENT WILL ACHIEVE POSTIVE GENERATIONAL CHANGE BY DEVELOPING HEALTHY YOUNG CITIZENS FOR THE WORLD'S BENEFIT.THE HUTTON SETTLEMENT STRIVES TO ACHIEVE POSITIVE GENERATIONAL CHANGE BY PROVIDING CHILDREN A SECURE HOME OF HOPE AND OPPORTUNITY.
THE HUTTON SETTLEMENT, INC. SCHOLARSHIP FUND GRANTS EDUCATIONAL SCHOLARSHIPS FROM ITS RESTRICTED FUND TO CHILDREN WHO WERE CARED FOR BY THE HUTTON SETTLEMENT.
THE HUTTON SETTLEMENT, INC. REQUIRES ADMINISTRATION EXPENSES TO PROVIDE CARE FOR NEGLECTED CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chud Wendle Administrator | 40 | $128,217 | |
Catherine Brazil President | 1 | $0 | |
Denise Stanton Vice President | 1 | $0 | |
Renee Rigsby Corresponding Secretary | 1 | $0 | |
Susan Thomson Recording Secretary | 1 | $0 | |
Tana Rekofke Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,933,490 |
| Interest on Savings | $52 |
| Dividends & Interest | $639,920 |
| Net Rental Income | $1,417,849 |
| Net Gain on Sale of Assets | -$28,617 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $94,088 |
| Total Revenue | $6,261,327 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $128,217 |
| Other employee salaries and wages | $1,097,280 |
| Pension plans, employee benefits | $203,592 |
| Interest | $0 |
| Taxes | $97,213 |
| Depreciation | $180,533 |
| Occupancy | $89,741 |
| Travel, conferences, and meetings | $15,791 |
| Printing and publications | $0 |
| Other expenses | $1,882,966 |
| Total operating and administrative expenses | $3,721,599 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,721,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,409,050 |
| Savings and temporary cash investments | $13,582,476 |
| Net Accounts receivable | $3,457 |
| 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 | $35,018 |
| Net Investments - land, buildings, equipment | $20,059,550 |
| Investments—mortgage loans | $0 |
| Investments—other | $459,358 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $24,253 |
| Total assets | $35,573,162 |
| Accounts payable and accrued expenses | $355,173 |
| Grants payable | $0 |
| Deferred revenue | $6,716 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $361,889 |