Hussman Foundation Inc
- Assets
- $16.9m
- Revenue
- -$1.2m
- Investments
- $16.4m
- Employees
- 0
- Location
- Ellicott City, MD
- Founding
- 01/2005
- Data as of
- 06/2023
- EIN
- 20-2062883
Organization Overview
Hussman Foundation Inc is located in Ellicott City, MD. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Hussman 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 06/2023, Hussman Foundation Inc generated -$1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $905.3k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (33.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Hussman Foundation Inc has awarded 19 individual grants totaling $3,891,234. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
N/A
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John P Hussman Director | 1 | $0 | |
John Kenney Director | 0 | $0 | |
Paula Kluth Director | 0 | $0 | |
Theresa K Hussman Director | 0 | $0 | |
Julianne Hussman Director | 0 | $0 | |
Brooke Steinau Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $117 |
| Dividends & Interest | $493,904 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,715,607 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$1,221,586 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,409 |
| Depreciation | $3,003 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $782 |
| Total operating and administrative expenses | $6,194 |
| Contributions, gifts, grants paid | $899,126 |
| Total expenses and disbursements | $905,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $466,678 |
| Savings and temporary cash investments | $5,650 |
| 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 | $9,261 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,423,226 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,904,815 |
| 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, Hussman Foundation Inc has awarded $899,126 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HOWARD COUNTY AUTISM SOCIETY PURPOSE: SPONSORED THE ORGANIZATION'S ANNUAL FUNDRAISER WHICH RAISED FUNDS TO SUPPORT PROGRAMS AND SERVICES THAT ARE PROVIDED TO INDIVIDUALS WITH AUTISM AND THEIR FAMILIES IN THE COMMUNITY. | $15,000 |
PARTNERS ASIA PURPOSE: SUPPORTED HUMANITARIAN PROGRAMS BY DELIVERING FRONTLINE EMERGENCY RELIEF, PROVIDING DIRECT FOOD AID, SHELTER AND SUPPORT TO LOCAL COMMUNITIES IN THAILAND AND BURMA. | $232,726 |
THE LIGHT HOUSE INC PURPOSE: SUPPORTS PROGRAMS AND SERVICES THAT LIGHT HOUSE PROVIDES TO LOCALS IN THE COMMUNITY WHO ARE EXPERIENCING HOMELESSNESS OR WHO MAY BE IN NEED OF SUPPORT TO AVOID HOMELESSNESS. | $50,000 |
HOSPICE OF THE CHESAPEAKE PURPOSE: SUPPORTS SERVICES PROVIDED TO INDIVIDUALS AND FAMILIES WHO ARE EXPERIENCING SERIOUS ILLNESS AND LOSS. | $200,000 |
CARTER PLAINS FOUNDATION INC PURPOSE: SUPPORTS PROGRAMS AND SERVICES IN COMMUNITIES TO BREAK THE CYCLE OF POVERTY. | $288,400 |
AUTISM SOCIETY OF AMERICA PURPOSE: SUPPORTS LOCAL AUTISM CHAPTERS THAT PROVIDE PROGRAM AND SERVICES TO INDIVIDUALS AND FAMILIES WITH AUTISM. | $113,000 |