Preston B And Maurine M Hotchkis Foundation
- Assets
- $2.8m
- Revenue
- $126.7k
- Investments
- $2.6m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 12/1999
- Data as of
- 06/2024
- EIN
- 95-4766131
Organization Overview
Preston B And Maurine M Hotchkis Foundation is located in Santa Barbara, CA. The organization was established in 1999. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Preston B And Maurine M Hotchkis 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 06/2024, Preston B And Maurine M Hotchkis Foundation generated $126.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $202.7k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Preston B And Maurine M Hotchkis Foundation has awarded 223 individual grants totaling $1,252,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Frisby Chairman/ceo | 3 | $0 | |
Remington Hotchkis Vice President | 1 | $0 | |
Cameron Hotchkis Vice President | 1 | $0 | |
Katherine Marchan Secretary | 3 | $13,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $178 |
| Dividends & Interest | $94,731 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,410 |
| Capital Gain Net Income | $30,410 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,414 |
| Total Revenue | $126,733 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $670 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63 |
| Total operating and administrative expenses | $35,653 |
| Contributions, gifts, grants paid | $167,000 |
| Total expenses and disbursements | $202,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,749 |
| Savings and temporary cash investments | $137,804 |
| 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 | $637,305 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,759,193 |
| 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, Preston B And Maurine M Hotchkis Foundation has awarded $167,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
EDUCATION THROUGH MUSIC - LOS ANGELES PURPOSE: IN FURTHERANCE OF 501(C)(3) CHARITABLE PURPOSE | $10,000 |
FALLEN WATERMAN'S FOUNDATION PURPOSE: IN FURTHERANCE OF 501(C)(3) CHARITABLE PURPOSE | $3,000 |
FOODBANK OF SANTA BARBARA COUNTY PURPOSE: IN FURTHERANCE OF 501(C)(3) CHARITABLE PURPOSE | $2,500 |
GREATER SANTA BARBARA ICE SKATING ASSOCIATION PURPOSE: IN FURTHERANCE OF 501(C)(3) CHARITABLE PURPOSE | $15,000 |
LEGAL AID FOUNDATION OF SANTA BARBARA PURPOSE: IN FURTHERANCE OF 501(C)(3) CHARITABLE PURPOSE | $2,500 |
LOS OLIVOS SCHOOL FOUNDATION PURPOSE: IN FURTHERANCE OF 501(C)(3) CHARITABLE PURPOSE | $3,000 |