Edward L Hutton Foundation
- Assets
- $5.8m
- Revenue
- $166.6k
- Investments
- $5.5m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 12/1991
- Data as of
- 12/2022
- EIN
- 31-1334189
Organization Overview
Edward L Hutton Foundation is located in Cincinnati, OH. The organization was established in 1991. 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. Edward L Hutton 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, Edward L Hutton Foundation generated $166.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $955.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Edward L Hutton Foundation has awarded 142 individual grants totaling $4,699,500. 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 |
|---|---|---|---|
Thomas C Hutton Trustee, Pres., Sec'y, Tre | 3 | $0 | |
Edward A Hutton Trustee, V.P. | 3 | $12,000 | |
Jennie H Jacoby Trustee, V.P. | 3 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $110,870 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,697 |
| Capital Gain Net Income | $55,697 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $166,567 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,644 |
| Total operating and administrative expenses | $44,083 |
| Contributions, gifts, grants paid | $911,500 |
| Total expenses and disbursements | $955,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $303,671 |
| 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 | $127,316 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,793,817 |
| 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, Edward L Hutton Foundation has awarded $911,500 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
BLOOMFIELD JUNIORSENIOR SCHOOL PURPOSE: GENERAL PURPOSE | $14,000 |
CORNELL UNIVERSITY LAW SCHOOL PURPOSE: GENERAL PURPOSE | $12,500 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL PURPOSE | $2,500 |
EDUCATION MATTERS PURPOSE: GENERAL PURPOSE | $250,000 |
FAITH IN ACTION PURPOSE: GENERAL PURPOSE | $70,000 |
FOUNDATION FOR INDEPENDENT ARTISTS INC (CO PENTACLE) PURPOSE: GENERAL PURPOSE | $5,000 |