Hudson Foundation
- Assets
- $4.0m
- Revenue
- -$27.6k
- Investments
- $4.0m
- Employees
- 0
- Location
- Portland, ME
- Founding
- 10/1993
- Data as of
- 12/2023
- EIN
- 01-0482817
Organization Overview
Hudson Foundation is located in Portland, ME. The organization was established in 1993. 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. Hudson Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Hudson Foundation has awarded 106 individual grants totaling $1,222,736. 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 |
|---|---|---|---|
Justin H Schair Director | 1 | $0 | |
Annemieke L Schair Director | 1 | $0 | |
Cindy Fernandez Director | 1 | $0 | |
Milo Schair-Rigoletti Director | 1 | $0 | |
Gillian B Schair President | 1 | $0 | |
Lori-Ann Touchette Secretary | 1 | $9,216 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,369 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$57,986 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$27,617 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,216 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $10,025 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,285 |
| Total operating and administrative expenses | $42,908 |
| Contributions, gifts, grants paid | $137,000 |
| Total expenses and disbursements | $179,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,788 |
| 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 | $0 |
| Other assets | $665 |
| Total assets | $4,001,823 |
| 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, Hudson Foundation has awarded $137,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AVESTA HOUSING PURPOSE: TO SUPPORT SERVICES NEEDED BY ASYLUM SEEKERS | $7,500 |
CEDARS NURSING CARE CENTER PURPOSE: FUNDING FOR THE DIRECT HEALTHCARE TRAINING & CAREER ADVANCEMENT WITH A FOCUS ON IMMIGRANT POPULATIONS | $7,500 |
GOOD SHEPHERD FOOD BANK PURPOSE: TO PROVIDE FUNDING TO SUPPORT THE CAMPAIGN TO END HUNGER IN MAINE | $20,000 |
CHIP INC PURPOSE: FUNDING FOR FUEL ASSISTANCE TO MARGINALIZED HOUSEHOLDS IN LINCOLN COUNTY | $5,000 |
GREATER PORTLAND FAMILY PROMISE PURPOSE: PROVIDES FUNDING TO HELP ENSURE THAT FAMILIES HAVE ACCESS TO CRITICAL NEEDS PROGRAM | $7,500 |
HEALTHY HOMEWORKS PURPOSE: FUNDING TO CREATE PATHWAYS TO ATTAINABLE HOMEOWNERSHIP IN LEWISTON, ME | $10,000 |