James W Hood Family Foundation
- Assets
- $19.7m
- Revenue
- $1.4m
- Investments
- $13.4m
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 01/2006
- Data as of
- 12/2021
- EIN
- 20-2640916
The information for James W Hood Family Foundation is as of the organization's most recent filing in December '21. This organization is located in Jackson, MS. It has been in existence for 15 years, following its founding in 2006.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The James W Hood Family Foundation is a philanthropic organization classified under the NTEE code T22. This code indicates that the foundation falls under the category of Philanthropy, Voluntarism & Grantmaking Foundations. The foundation is further classified as a Private Independent Foundation, which means it primarily focuses on grantmaking based on charitable endowments. Private foundations like this one are typically endowed by a single individual or family and do not actively raise funds or seek public financial support. The James W Hood Family Foundation is governed by section code 3 of the Internal Revenue Code, which encompasses Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals organizations.
Grant History
Our dataset includes seven years of grant history for the James W Hood Family Foundation. Over the course of those seven years, they have awarded a total of 93 grants, with an average check size of $29,966. The foundation awards an average of 13 grants each year. The majority of their grants are in the Education sector, with 15 awards. They also have awarded grants in the Religion-Related sector (8) and Community Improvement & Capacity Building sector (6). In terms of geographic distribution, the foundation has awarded the most grants in Mississippi (66), followed by Georgia (9), Florida (5), North Carolina (5), Ohio (3), Tennessee (2), South Carolina (1), Texas (1), and Illinois (1).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Wilson Hood Jr Secretary | 2 | $0 | |
James W Hood President | 2 | $0 | |
Paula J Hood Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $102,332 |
| Dividends & Interest | $275,859 |
| Net Rental Income | $283,539 |
| Net Gain on Sale of Assets | $671,896 |
| Capital Gain Net Income | $671,896 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,866 |
| Total Revenue | $1,395,182 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $21,778 |
| Taxes | $6,912 |
| Depreciation | $21,705 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,589 |
| Total operating and administrative expenses | $156,344 |
| Contributions, gifts, grants paid | $651,000 |
| Total expenses and disbursements | $807,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $548,615 |
| 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 | $507,601 |
| Net Land, buildings, and equipment | $1,456,928 |
| Other assets | $0 |
| Total assets | $19,692,056 |
| 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 | $1,585,529 |
| Other liabilities | $0 |
| Total liabilities | $1,585,529 |
Grants Awarded
Over the last fiscal year, James W Hood Family Foundation has awarded $651,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Jackson, MS PURPOSE: TO PROVIDE EDUCATION OPPORTUNITIES AND SUPPORT | $300,000 |
Hattiesburg, MS PURPOSE: TO SUPPORT PURPOSES OF THE ORGANIZATION | $250,000 |
Evanston, IL PURPOSE: TO SUPPORT PURPOSES OF THE ORGANIZATION | $50,000 |
REFORMED UNIVERSITY FELLOWSHIP PURPOSE: TO SUPPORT PURPOSES OF THE ORGANIZATION | $15,000 |
MISSION TO THE WORLD PURPOSE: TO SUPPORT PURPOSES OF THE ORGANIZATION | $10,000 |
Oxford, MS PURPOSE: TO SUPPORT PURPOSES OF THE ORGANIZATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Builders Initiative Bentonville, AR | $992,945,696 | $530,265,880 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
Union General Hospital Farmerville, LA | $25,999,661 | $20,373,665 |
Fore Kids Foundation Inc Avondale, LA | $11,128,381 | $16,554,167 |
Willard And Pat Walker Charitable Foundation Inc Fayetteville, AR | $353,155,323 | $36,054,174 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |