Hough Foundation
- Assets
- $735.0k
- Revenue
- $308.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Vancouver, WA
- Founding
- 08/1992
- Data as of
- 06/2021
- EIN
- 94-3160811
Organization Overview
Hough Foundation is located in Vancouver, WA. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2021, Hough Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hough 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 06/2021, Hough Foundation generated $308.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $175.4k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROGRAMS FOR CHILDREN; STRENGTHEN SCHOOL AND COMMUNITY RELATIONSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND SUPPORT OF PROGRAMS TO ENHANCE THE LIVES OF CHILDREN IN THE HOUGH NEIGHBORHOOD, IMPROVE COMMUNITY RELATIONSHIPS, STRENGTHEN SCHOOL/COMMUNITY PARTNERSHIPS. PROVIDED EMERGENCY RENTAL ASSISTANCE TO HOUGH SCHOOL CHILDREN AND THEIR FAMILIES. ADDED AN AFTER-SCHOOL BAND PROGRAM. EXPANDED SERVICES TO INCLUDE SMALL GROUP SESSIONS WITH SPECIAL NEEDS CHILDREN. PROGRAMS OPERATED VIRTUALLY THIS FISCAL YEAR DUE TO COVID-19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Campbell Executive Director | Officer | 40 | $71,491 |
Amy Hurt Secretary | OfficerTrustee | 5 | $0 |
Trina Latshaw Vice Chairperson | OfficerTrustee | 1 | $0 |
John Laughlin Chairperson | OfficerTrustee | 1 | $0 |
Brian Bortvedt Treasurer | OfficerTrustee | 1 | $0 |
Keith Richards Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,718 |
| Investment income | $101,678 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $54,575 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $307,971 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,573 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,248 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $318 |
| Office expenses | $245 |
| Information technology | $5,832 |
| Royalties | $0 |
| Occupancy | $7,992 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $850 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,080 |
| All other expenses | $0 |
| Total functional expenses | $175,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,911 |
| Savings and temporary cash investments | $27,374 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,773 |
| Investments—publicly traded securities | $551,942 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $735,000 |
| Accounts payable and accrued expenses | $1,061 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,061 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $733,939 |
Grants Awarded
Over the last fiscal year, Hough Foundation has awarded $69,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Vancouver, WA PURPOSE: DONATE PORTION OF PROCEEDS FROM CONDOMINIUM SALE TO FURTHER GOALS OF DONEE ORGANIZATION. | $25,000 |
Vancouver, WA PURPOSE: DONATE PORTION OF PROCEEDS FROM CONDOMINIUM SALE TO FURTHER GOALS OF DONEE ORGANIZATION. | $17,250 |
Vancouver, WA PURPOSE: DONATE PORTION OF PROCEEDS FROM CONDOMINIUM SALE TO FURTHER GOALS OF DONEE ORGANIZATION. | $17,250 |
Vancouver, WA PURPOSE: DONATE PORTION OF PROCEEDS FROM CONDOMINIUM SALE TO FURTHER GOALS OF DONEE ORGANIZATION. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hough Foundation has recieved totaling $20,679.
| Awarding Organization | Amount |
|---|---|
Metro Multifamily Housing Association Tigard, OR PURPOSE: GENERAL SUPPORT | $16,679 |
Hidden Charitable Trust 01-13-94 Vancouver, WA PURPOSE: TO FUND LOCAL PROGRAMS | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Unions In The State Of Washington Richland, WA | $2,255,622,236 | $118,353,811 |
Arctic Slope Native Association Ltd Barrow, AK | $299,522,566 | $117,427,222 |
Valley Charities Inc Wasilla, AK | $2,675,483 | $86,387,328 |
Compass Health Everett, WA | $49,121,108 | $74,131,042 |
Low Income Housing Institute Seattle, WA | $253,877,593 | $49,435,203 |
Copper River Native Association Copper Center, AK | $37,611,985 | $29,435,235 |
Starbucks Foundation Seattle, WA | $35,732,232 | $14,000,443 |
Self Enhancement Inc Portland, OR | $28,150,324 | $38,753,460 |
Albina Head Start Inc Portland, OR | $22,611,624 | $19,457,720 |
Orbis Cascade Alliance Portland, OR | $8,013,554 | $17,694,791 |
Independent Order Of Odd Fellows Walla Walla, WA | $17,889,942 | $20,108,315 |
Options Counseling Services Of Oregon Eugene, OR | $12,586,092 | $15,957,358 |