Huston Foundation
- Assets
- $19.6m
- Revenue
- $1.2m
- Investments
- $18.6m
- Employees
- 0
- Location
- Coatesville, PA
- Founding
- 08/1959
- Data as of
- 12/2022
- EIN
- 23-6284125
Organization Overview
Huston Foundation is located in Coatesville, PA. The organization was established in 1959. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Huston 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 12/2022, Huston Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 2.5% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles L Huston III Director | 40 | $50,000 | |
Nancy Huston Hansen President | 40 | $114,032 | |
Elinor Lashley Director | 25 | $65,673 | |
Scott G Huston Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $787 |
| Dividends & Interest | $460,942 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $769,833 |
| Capital Gain Net Income | $769,833 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,231,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $229,705 |
| Other employee salaries and wages | $71,528 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,361 |
| Depreciation | $12,031 |
| Occupancy | $40,879 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $83,250 |
| Total operating and administrative expenses | $565,646 |
| Contributions, gifts, grants paid | $1,115,500 |
| Total expenses and disbursements | $1,681,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $442,067 |
| 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 | $26,837 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $519,300 |
| Total assets | $19,565,462 |
| 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 |