Hollis Family Foundation
- Assets
- $361.4k
- Revenue
- $27.6k
- Investments
- $284.7k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/2011
- Data as of
- 12/2023
- EIN
- 27-4395810
Organization Overview
Hollis Family Foundation is located in Wilmington, DE. The organization was established in 2011. 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. Hollis 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 12/2023, Hollis Family Foundation generated $27.6k 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 (10.4%) each year. All expenses for the organization totaled $64.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hollis Family Foundation has awarded 41 individual grants totaling $228,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph W Hollis President/director | 1 | $0 | |
Vicki S Hollis Treasurer/director | 1 | $0 | |
Rachel H Silsbee Vice President/director | 1 | $0 | |
Mary F Gyorko Secretary/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $54 |
| Dividends & Interest | $10,766 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,822 |
| Capital Gain Net Income | $16,822 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,642 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $78 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $500 |
| Total operating and administrative expenses | $6,257 |
| Contributions, gifts, grants paid | $58,500 |
| Total expenses and disbursements | $64,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,766 |
| Savings and temporary cash investments | $64,908 |
| 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 | $284,720 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $361,394 |
| 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, Hollis Family Foundation has awarded $58,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
WINCHESTER SALVATION ARMY PURPOSE: GENERAL SUPPORT | $5,000 |
LORD FAIRFAX HOUSE PURPOSE: GENERAL SUPPORT | $5,000 |
VIRGINIA FOUNDATION FOR COMMUNITY COLLEG PURPOSE: GENERAL SUPPORT | $5,000 |
WINCHESTER AREA TEMP THERMAL SHELTER PURPOSE: GENERAL SUPPORT | $5,000 |
UNITED WAY OF THE NRN SHENANDOAH VALLEY PURPOSE: GENERAL SUPPORT | $5,000 |
GREEN HILL CEMETERY INC PURPOSE: GENERAL SUPPORT | $5,000 |