Milton G Hulme Charitable Foundation
- Assets
- $5.3m
- Revenue
- $480.0k
- Investments
- $5.0m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 04/1961
- Data as of
- 12/2023
- EIN
- 25-6062896
Organization Overview
Milton G Hulme Charitable Foundation is located in Pittsburgh, PA. The organization was established in 1961. 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. Milton G Hulme Charitable 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 12/2023, Milton G Hulme Charitable Foundation generated $480.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $811.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUMAN SERVICES - DONATIONS TO HUMAN SERVICE RELATED CHARITIES IN THE AMOUNT OF $250,000 - 14 ORGANIZATIONS
ARTS & EDUCATION - DONATIONS TO ARTS AND EDUCATION RELATED CHARITIES IN THE AMOUNT OF $145,000 - 9 ORGANIZATIONS
PHYSICALLY CHALLENGED, HEALTH & SCIENCES - DONATIONS TO PHYSICALLY CHALLENGED, HEALTH AND SCIENCE RELATED CHARITIES IN THE AMOUNT OF $155,000 - 9 ORGANIZATIONS
RELIGIOUS & HISTORIC - DONATIONS TO RELIGIOUS AND HISTORIC RELATED CHARITIES IN THE AMOUNT OF $25,000 - 1 ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holiday H Shoup Trustee | 0 | $0 | |
Milton G Hulme III Trustee | 0 | $0 | |
Michael Macconnell Trustee | 0 | $0 | |
Susan A Foreman Trustee | 0 | $0 | |
Jennifer H Curry Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41,927 |
| Dividends & Interest | $445,469 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,357 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $480,039 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $42,600 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,718 |
| Depreciation | $0 |
| Occupancy | $10,800 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,109 |
| Total operating and administrative expenses | $236,065 |
| Contributions, gifts, grants paid | $575,000 |
| Total expenses and disbursements | $811,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,098 |
| Savings and temporary cash investments | $179,892 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,504 |
| Total assets | $5,261,854 |
| 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 | $1,751 |
| Total liabilities | $1,751 |