James W Hood Family Foundation
- Assets
- $18.0m
- Revenue
- $481.4k
- Investments
- $10.8m
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 01/2006
- Data as of
- 12/2022
- EIN
- 20-2640916
Organization Overview
James W Hood Family Foundation is located in Jackson, MS. The organization was established in 2006. 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. James W Hood Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, James W Hood Family Foundation has awarded 106 individual grants totaling $3,147,775. 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 |
|---|---|---|---|
James W Hood President | 2 | $0 | |
Paula J Hood Director | 0 | $0 | |
J Wilson Hood Jr Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $102,473 |
| Dividends & Interest | $349,896 |
| Net Rental Income | $197,141 |
| Net Gain on Sale of Assets | -$251,645 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,253 |
| Total Revenue | $481,438 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $38,223 |
| Taxes | $33,656 |
| Depreciation | $26,881 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,687 |
| Total operating and administrative expenses | $196,506 |
| Contributions, gifts, grants paid | $360,900 |
| Total expenses and disbursements | $557,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $598,348 |
| 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 | $4,328,840 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $504,312 |
| Net Land, buildings, and equipment | $1,847,087 |
| Other assets | $496,282 |
| Total assets | $18,043,048 |
| 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 | $1,485,529 |
| Other liabilities | $0 |
| Total liabilities | $1,485,529 |
Grants Awarded
Over the last fiscal year, James W Hood Family Foundation has awarded $360,900 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BELHAVEN UNIVERSITY PURPOSE: TO PROVIDE EDUCATION OPPORTUNITIES AND SUPPORT | $300,000 |
REFORMED UNIVERSITY FELLOWSHIP PURPOSE: TO SUPPORT PURPOSES OF THE ORGANIZATION | $15,000 |
MISSION TO THE WORLD PURPOSE: TO SUPPORT PURPOSES OF THE ORGANIZATION | $15,000 |
COMMUNITY FOUNDATION FOR MISSISSIPPI PURPOSE: TO SUPPORT PURPOSES OF THE ORGANIZATION | $5,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: TO SUPPORT PURPOSES OF THE ORGANIZATION | $5,000 |
STEWPOT COMMUNITY SERVICES PURPOSE: TO SUPPORT PURPOSES OF THE ORGANIZATION | $1,000 |