Hitchcock Foundation
- Assets
- $36.1m
- Revenue
- $2.5m
- Investments
- $35.5m
- Employees
- 0
- Location
- Lebanon, NH
- Founding
- 05/1947
- Data as of
- 06/2021
- EIN
- 02-0222139
Organization Overview
Hitchcock Foundation is located in Lebanon, NH. The organization was established in 1947. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research 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 06/2021, Hitchcock Foundation generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hitchcock Foundation has awarded 12 individual grants totaling $169,950. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE STUDY OF HUMAN AILMENTS & INJURIES; THE CAUSE, PREVENTION, RELIEF, AND CURE THEREOF; HYGIENE, HEALTH & PUBLIC WELFARE; AND TO ASSIST IN RESEARCH IN THE BROADEST SENSE.
Describe the Organization's Program Activity:
THE HITCHCOCK FOUNDATION PROVIDES BETWEEN 15 AND 20 GRANTS PER YEAR AND SPONSORS OVER 400 ADVISED FUNDS THAT SUPPORT CLINICALLY-ORIENTED RESEARCH AND EDUCATION ACTIVITIES IN FURTHERANCE OF OUR MISSION. SPONSORED RESEARCH FUNDS SUPPORT DISCRETE CLINICAL AND BIOMEDICAL RESEARCH PROJECTS, AND ARE FUNDED BY EXTERNAL SOURCES INCLUDING CORPORATIONS AND FOUNDATIONS. ADVISED FUNDS ARE ESTABLISHED BY THE EXECUTIVE DIRECTOR UNDER THE AUTHORITY OF THE BOARD OF TRUSTEES. THEY ARE FUNDED WITH CONTRIBUTIONS INTENDED TO SUPPORT ACTIVITIES CONSISTENT WITH OUR CHARITABLE MISSION, PARTICULARLY CLINICAL RESEARCH AND EDUCATION. THEY ARE NOT DONOR-ADVISED FUNDS; RATHER, THE ADVISERS ARE SCIENTISTS AND CLINICIANS WITH EXPERTISE IN THE AREAS OF RESEARCH AND EDUCATION SUPPORTED BY THE FUND. THE FOUNDATION ALSO PROVIDES FUNDING FOR RESEARCH GRANTS AND FELLOWSHIPS; AMOUNTS AWARDED RANGE FROM $1,000 TO $125,000 AND ARE AWARDED ON A COMPETITIVE BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee / Physician | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dartmouth-hitchcock Clinic Research & Education Services | 6/29/21 | $497,779 |
Trustees Of Dartmouth College Research Services | 6/29/21 | $156,313 |
Mary Hitchcock Memorial Hospital Research & Education Services | 6/29/21 | $1,218,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,816,040 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,816,040 |
| Total Program Service Revenue | $686,489 |
| Investment income | $277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,527,806 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,273 |
| Grants and other assistance to domestic individuals. | $28,676 |
| Grants and other assistance to Foreign Orgs/Individuals | $123,263 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,663,267 |
| Advertising and promotion | $0 |
| Office expenses | $7,901 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,877 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,185 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97 |
| Insurance | $1,374 |
| All other expenses | $2,500 |
| Total functional expenses | $2,175,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,000 |
| Savings and temporary cash investments | $340,007 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $233,321 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $35,504,145 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,127,473 |
| Accounts payable and accrued expenses | $156,877 |
| 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 | $40,624 |
| Total liabilities | $197,501 |
| Net assets without donor restrictions | $27,769,899 |
| Net assets with donor restrictions | $8,160,073 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $36,127,473 |
Grants Awarded
Over the last fiscal year, Hitchcock Foundation has awarded $80,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Worcester, MA PURPOSE: Research Support | $10,000 |
Lebanon, NH PURPOSE: Research Support | $10,000 |
Boston, MA PURPOSE: Research Support | $10,000 |
Burlington, VT PURPOSE: Research Support | $10,000 |
Burlington, VT PURPOSE: Research Support | $10,000 |
Boston, MA PURPOSE: Research Support | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Hitchcock Foundation has recieved totaling $448,764.
| Awarding Organization | Amount |
|---|---|
Cystic Fibrosis Foundation Bethesda, MD PURPOSE: CF CARE CENTER | $224,515 |
Cystic Fibrosis Foundation Bethesda, MD PURPOSE: CLINICAL RESEARCH CENTER | $156,849 |
Cystic Fibrosis Foundation Bethesda, MD PURPOSE: ADULT CARE | $35,400 |
Amyotrophic Lateral Sclerosis Assn Arlington, VA PURPOSE: ANNUAL GRANT PAYMENT FY22 CENTER OF EXCELLENCE/RESEARCH | $25,000 |
Margaret Mellon Hitchcock Foundation Pittsburgh, PA PURPOSE: GENERAL OPERATING | $7,000 |
Endowment Analysis
| Beg. Balance | $6,955,918 |
| Earnings | $1,880,218 |
| Other Expense | $209,485 |
| Ending Balance | $8,626,651 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Effects Institute Boston, MA | $12,526,721 | $12,481,645 |
Life Science Cares Inc Cambridge, MA | $8,104,702 | $8,289,428 |
Haymakers For Hope Inc Wellesley, MA | $644,411 | $4,070,620 |
The Progeria Research Foundation Inc Peabody, MA | $53,690,802 | $49,219,762 |
Improvecarenow Inc Essex, VT | $802,029 | $3,120,134 |
Dubai Harvard Foundation For Medical Research Inc Boston, MA | $15,096,309 | $431,547 |
Hitchcock Foundation Lebanon, NH | $36,127,473 | $2,527,806 |
Jett Foundation Inc Plymouth, MA | $2,196,455 | $2,598,639 |
Adenoid Cystic Carcinoma Researchfoundation Needham, MA | $3,133,519 | $2,427,133 |
Detectogether Inc Westborough, MA | $4,462,075 | $2,393,158 |
One Mission Inc Newton, MA | $1,071,160 | $931,706 |
Zoll Foundation Inc Chelmsford, MA | $27,895,035 | $2,790,841 |