Bess J Hodges Foundation
- Assets
- $5.4m
- Revenue
- $287.6k
- Investments
- $5.1m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 07/1984
- Data as of
- 12/2022
- EIN
- 33-0046140
Organization Overview
Bess J Hodges Foundation is located in Long Beach, CA. The organization was established in 1984. 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. Bess J Hodges 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, Bess J Hodges Foundation generated $287.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $526.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bess J Hodges Foundation has awarded 470 individual grants totaling $1,854,809. 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 |
|---|---|---|---|
Joyce Murchison Exec Dir | 0 | $9,000 | |
George Murchison Treasurer | 0 | $70,800 | |
Michael Murchison Trustee | 0 | $9,000 | |
Tracy Murchison Trustee | 0 | $2,400 | |
Ryan Murchison Trustee | 0 | $2,400 | |
Jack Murchison Trustee | 0 | $2,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,584 |
| Dividends & Interest | $102,865 |
| Net Rental Income | $149,255 |
| Net Gain on Sale of Assets | -$22,717 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $287,621 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $99,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $13,565 |
| Interest | $0 |
| Taxes | $15,677 |
| Depreciation | $3,659 |
| Occupancy | $9,060 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,986 |
| Total operating and administrative expenses | $232,852 |
| Contributions, gifts, grants paid | $293,216 |
| Total expenses and disbursements | $526,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,130 |
| Savings and temporary cash investments | $164,975 |
| 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 | $5,065,366 |
| Net Land, buildings, and equipment | $54,144 |
| Other assets | $15,785 |
| Total assets | $5,407,400 |
| 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 | $14,169 |
| Total liabilities | $14,169 |
Grants Awarded
Over the last fiscal year, Bess J Hodges Foundation has awarded $293,216 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
ABLE ARTS WORK PURPOSE: GENERAL OPERATING | $3,500 |
AIDS FOOD STORE PURPOSE: GENERAL OPERATING | $2,500 |
ARTS COUNCIL OF LONG BEACH PURPOSE: GENERAL OPERATING | $2,000 |
ABILITY FIRST PURPOSE: GENERAL OPERATING | $3,000 |
ASSISTANCE LEAGUE OF LB PURPOSE: GENERAL OPERATING | $5,000 |
BOYS & GIRLS CLUB OF LB PURPOSE: GENERAL OPERATING | $3,000 |