Ed & Joann Hubert Family Foundation Inc
- Assets
- $12.0m
- Revenue
- $1.8m
- Investments
- $7.4m
- Employees
- 0
- Location
- Bellevue, KY
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 22-3883114
Organization Overview
Ed & Joann Hubert Family Foundation Inc is located in Bellevue, KY. The organization was established in 2004. 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. Ed & Joann Hubert Family 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 12/2022, Ed & Joann Hubert Family Foundation Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 17.0% per year over the past 8 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 2014, Ed & Joann Hubert Family Foundation Inc has awarded 620 individual grants totaling $10,105,257. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - 17 RECIPIENTS
CIVIC - 36 RECIPIENTS
RELIGIOUS - 10 RECIPIENTS
LOW INCOME HOUSING - 6 RECIPIENTS
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 |
|---|---|---|---|
Joann Hubert Officer | 1 | $0 | |
Greg Olson Officer | 1 | $0 | |
Greg Hubert Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29,488 |
| Dividends & Interest | $411,456 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $982,193 |
| Capital Gain Net Income | $1 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $410,559 |
| Total Revenue | $1,833,696 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $52,872 |
| Taxes | $21,133 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,500 |
| Total operating and administrative expenses | $194,112 |
| Contributions, gifts, grants paid | $1,537,017 |
| Total expenses and disbursements | $1,731,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,581 |
| Savings and temporary cash investments | $32,923 |
| 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 | $3,871,746 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,717 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $581,078 |
| Net Land, buildings, and equipment | $578,740 |
| Other assets | $0 |
| Total assets | $12,004,200 |
| 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 | $1,047,858 |
| Total liabilities | $1,047,858 |
Grants Awarded
Over the last fiscal year, Ed & Joann Hubert Family Foundation Inc has awarded $1,537,017 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
1N5 PURPOSE: EDUCATION | $50,000 |
ART WORKS PURPOSE: CIVIC | $5,000 |
BEECHWOOD HOME PURPOSE: CIVIC | $2,500 |
ARTSWAVE PURPOSE: ARTS | $5,017 |
BETHANY HOUSE PURPOSE: CIVIC | $25,000 |
CATHOLIC CHARITIES OF SOUTHWESTERN PURPOSE: RELIGIOUS | $5,000 |