Hillcrest Foundation
- Assets
- $10.9m
- Revenue
- $298.5k
- Investments
- $10.1m
- Employees
- 0
- Location
- Spring Branch, TX
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 31-1501699
Organization Overview
Hillcrest Foundation is located in Spring Branch, TX. The organization was established in 1997. 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. Hillcrest 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, Hillcrest Foundation generated $298.5k 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 (22.7%) each year. All expenses for the organization totaled $640.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hillcrest Foundation has awarded 186 individual grants totaling $1,310,000. 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 |
|---|---|---|---|
Dr David Mouton Director | 0 | $0 | |
William Panill Director | 0 | $0 | |
Elizabeth Gimmler Director | 0 | $0 | |
Diane Keir Director | 0 | $0 | |
David Myers Director | 0 | $0 | |
Renee J Kelly Director/accounting | 3 | $14,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $324,973 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$38,425 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,964 |
| Total Revenue | $298,512 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,192 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $86 |
| Printing and publications | $0 |
| Other expenses | $15,297 |
| Total operating and administrative expenses | $175,861 |
| Contributions, gifts, grants paid | $465,000 |
| Total expenses and disbursements | $640,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $816,955 |
| 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 | $103,145 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,929,125 |
| 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, Hillcrest Foundation has awarded $465,000 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF TEXAS M D ANDERSON CANCER CENTER PURPOSE: SUPPORT PROGRAMS | $7,500 |
SOLDIER'S TO SUMMITS CO NO BARRIERS USA PURPOSE: SUPPORT PROGRAMS | $2,500 |
THE BRIDGE PURPOSE: SUPPORT PROGRAMS | $14,000 |
SAMARITAN'S PURSE PURPOSE: SUPPORT PROGRAMS | $25,000 |
STAR OF HOPE MISSION PURPOSE: SUPPORT PROGRAMS | $9,500 |
GOD'S GARAGE INC PURPOSE: SUPPORT PROGRAMS | $5,000 |