Haddock Foundation
- Assets
- $4.9m
- Revenue
- $67.7k
- Investments
- $4.6m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 09/2005
- Data as of
- 12/2022
- EIN
- 20-1547897
Organization Overview
Haddock Foundation is located in Fort Worth, TX. The organization was established in 2005. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haddock 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 12/2022, Haddock Foundation generated $67.7k 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 (19.8%) each year. All expenses for the organization totaled $59.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HADDOCK FOUNDATION WAS FORMED TO FOSTER NATIONAL & INTERNATIONAL AMATEUR SPORTS COMPETITION IN THE SPORT OF BASEBALL AND TO SUPPORT OTHER CHARITABLE PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald W Haddock President | 2 | $0 | |
Diane Haddock Vpsecdirector | 2 | $0 | |
Russell Haddock Director | 2 | $0 | |
Brandon Bedford Director | 2 | $0 | |
Ronald C Lee Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $932 |
| Dividends & Interest | $20,516 |
| Net Rental Income | $9,368 |
| Net Gain on Sale of Assets | $46,264 |
| Capital Gain Net Income | $46,264 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $67,712 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,093 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,755 |
| Total operating and administrative expenses | $9,194 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $59,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,950 |
| Savings and temporary cash investments | $108,530 |
| 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 | $86,429 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,364,422 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,888,777 |
| 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 | $13 |
| Total liabilities | $13 |
Grants Awarded
Over the last fiscal year, Haddock Foundation has awarded $250,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HADDOCK CENTER PURPOSE: FACILITATE THE CENTERS CHARITABLE PURPOSES | $100,000 |
HADDOCK CENTER PURPOSE: FACILITATE THE CENTERS CHARITABLE PURPOSES | $150,000 |