Warren A Hood Jr Family Foundation
- Assets
- $17.4m
- Revenue
- $1.7m
- Investments
- $17.3m
- Employees
- 0
- Location
- Hattiesburg, MS
- Founding
- 04/2007
- Data as of
- 12/2021
- EIN
- 20-5928288
Organization Overview
Warren A Hood Jr Family Foundation is located in Hattiesburg, MS. The organization was established in 2007. 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. Warren A Hood Jr 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.
For the year ending 12/2021, Warren A Hood Jr Family Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $944.9k during the year ending 12/2021. While expenses have increased by 11.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Warren A Hood Jr Family Foundation has awarded 23 individual grants totaling $3,708,933. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren A Hood Jr President | 0 | $0 | |
Regions Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $430,787 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $881,508 |
| Capital Gain Net Income | $881,508 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,712,295 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,058 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $111,530 |
| Contributions, gifts, grants paid | $833,333 |
| Total expenses and disbursements | $944,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,409 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $888,095 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,415,842 |
| 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, Warren A Hood Jr Family Foundation has awarded $833,333 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Hattiesburg, MS PURPOSE: TO SUPPORT THE PURPOSE OF THE MEDICAL & DENTAL MISSION | $500,000 |
CLEVELAND CLINIC PHILANTHROPY INSTITUTE PURPOSE: TO SUPPORT THE MISSION OF THE PHILANTHROPY INSTITUTE | $333,333 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Warren A Hood Jr Family Foundation has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
James W Hood Family Foundation Jackson, MS PURPOSE: TO SUPPORT PURPOSES OF THE ORGANIZATION | $250,000 |
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 |