J M Hodges Educational Fund Trust
- Assets
- $378.0k
- Revenue
- $20.6k
- Investments
- $238.9k
- Employees
- 0
- Location
- Olean, NY
- Founding
- 02/1992
- Data as of
- 12/2022
- EIN
- 16-6136464
Organization Overview
J M Hodges Educational Fund Trust is located in Olean, NY. The organization was established in 1992. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J M Hodges Educational Fund Trust 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 12/2022, J M Hodges Educational Fund Trust generated $20.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $24.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, J M Hodges Educational Fund Trust has awarded 152 individual grants totaling $330,075. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $350 |
| Dividends & Interest | $4,874 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,051 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,425 |
| Total Revenue | $20,598 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,647 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $227 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $5,774 |
| Contributions, gifts, grants paid | $18,375 |
| Total expenses and disbursements | $24,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,072 |
| 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 | $97,664 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $315 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $238,912 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $377,963 |
| 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, J M Hodges Educational Fund Trust has awarded $46,375 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
JOSHUA MILES PURPOSE: ASSISTANCE WITH EDUCATIONAL EXPENSES | $1,500 |
JACOB BRINK PURPOSE: ASSISTANCE WITH EDUCATIONAL EXPENSES | $2,000 |
CHARITY ROULO PURPOSE: ASSISTANCE WITH EDUCATIONAL EXPENSE | $1,500 |
BREANNA DEYOE VANSCOTER PURPOSE: ASSISTANCE WITH EDUCATIONAL EXPENSE | $2,000 |
KYLE FOSTER PURPOSE: ASSISTANCE WITH EDUCATIONAL EXPENSE | $1,500 |
NICHOLAS CRANDALL PURPOSE: ASSISTANCE WITH EDUCATIONAL EXPENSE | $1,500 |