Hilliard Foundation Inc
- Assets
- $1.6m
- Revenue
- $428.4k
- Investments
- $956.2k
- Employees
- 0
- Location
- Elmira, NY
- Founding
- 06/1982
- Data as of
- 04/2024
- EIN
- 16-1176159
Organization Overview
Hilliard Foundation Inc is located in Elmira, NY. The organization was established in 1982. 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. Hilliard 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 04/2024, Hilliard Foundation Inc generated $428.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $320.6k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Hilliard Foundation Inc has awarded 90 individual grants totaling $1,243,611. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL ASSISTANCE TO A VARIETY OF ORGANIZATIONS TO SUPPORT THE ADVANCEMENT AND PRESERVATION OF, BUT NOT LIMITED TO, RELIGION, MEDICAL CARE, LEARNING AND EDUCATION, ARTS, MUSIC, HISTORY, AND SCIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Van Den Blink President/trustee | 0 | $0 | |
Allen Smith Vice President/trustee | 0 | $0 | |
Gordon Webster Treasurer/trustee | 0 | $0 | |
John Alexander Secretary/trustee | 0 | $0 | |
Paul Schweizer Trustee | 0 | $0 | |
Gene Ebbrecht Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $405,666 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,290 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,602 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $428,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,000 |
| Total operating and administrative expenses | $18,163 |
| Contributions, gifts, grants paid | $302,415 |
| Total expenses and disbursements | $320,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,114 |
| Savings and temporary cash investments | $210,444 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $171,750 |
| 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 | $512,327 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,552,458 |
| Accounts payable and accrued expenses | $14,000 |
| Grants payable | $268,500 |
| 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 | $282,500 |
Grants Awarded
Over the last fiscal year, Hilliard Foundation Inc has awarded $302,415 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN DIABETES ASSOCIATION PURPOSE: YOUTH PROJECT | $10,000 |
AMPLIFY EQUITY INC PURPOSE: ELMIRA OFFICE LAUNCH | $5,000 |
CASA OF THE SOUTHERN TIER PURPOSE: ADVOCACY TRAINING | $7,455 |
CHEMUNG COUNTY SPCA PURPOSE: COMMUNITY CAT PROGRAM | $3,000 |
CLEMENS CENTER PURPOSE: OPERATING SUPPORT | $20,000 |
CORNING-ELMIRA MUSICAL ARTS INC PURPOSE: GENERAL SUPPORT | $10,000 |