Hultquist Foundation Inc
- Assets
- $16.2m
- Revenue
- $1.9m
- Investments
- $15.7m
- Employees
- 0
- Location
- Jamestown, NY
- Founding
- 12/1965
- Data as of
- 06/2022
- EIN
- 16-0907729
Organization Overview
Hultquist Foundation Inc is located in Jamestown, NY. The organization was established in 1965. 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. Hultquist Foundation Inc 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 06/2022, Hultquist Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 1.1% per year over the past 7 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.
Since 2016, Hultquist Foundation Inc has awarded 109 individual grants totaling $5,783,020. 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 |
|---|---|---|---|
Stephen J Wright President | 2 | $1,200 | |
John K Plumb Vice President | 1 | $1,200 | |
Thomas I Flowers Vice President | 1 | $1,200 | |
Robert F Rohm Jr Secretary/treasurer | 1 | $1,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $374,500 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,478,398 |
| Capital Gain Net Income | $1,478,398 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,393 |
| Total Revenue | $1,854,291 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,460 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $750 |
| Total operating and administrative expenses | $129,451 |
| Contributions, gifts, grants paid | $963,228 |
| Total expenses and disbursements | $1,092,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $530,324 |
| 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 | $0 |
| Total assets | $16,193,919 |
| 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, Hultquist Foundation Inc has awarded $963,228 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Jamestown, NY PURPOSE: CONSTRUCTION OF NEW CENTRAL FACILITY $500,000; CAMP ONYAHSA YOUTH SCHOLARSHIPS $26,325 AND DINING HALL ROOF RENOVATIONS $10,000 | $536,325 |
Jamestown, NY PURPOSE: HERBICIDE TREATMENTS FOR CHAUTAUQUA LAKE | $80,000 |
Lakewood, NY PURPOSE: CONSTRUCTION OF STAR HOSPICE HOUSE, LAKEWOOD, NYRENOVATIONS | $66,667 |
Jamestown, NY PURPOSE: ANNUAL CAMPAIGN | $55,000 |
Jamestown, NY PURPOSE: INFINITY ARTS CAFE LIVE PERFORMANCE VENUE | $43,382 |
Chautauqua, NY PURPOSE: MUSIC SCHOOL FESTIVAL ORCHESTRA | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |