Hugoton Foundation
- Assets
- $86.7m
- Revenue
- $3.7m
- Investments
- $84.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1983
- Data as of
- 12/2023
- EIN
- 34-1351062
Organization Overview
Hugoton Foundation is located in New York, NY. The organization was established in 1983. 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. Hugoton 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, Hugoton Foundation generated $3.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $4.4m during the year ending 12/2023. While expenses have increased by 6.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hugoton Foundation has awarded 378 individual grants totaling $20,774,605. 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 |
|---|---|---|---|
Joan M Stout Vp/secretary/director | 35 | $132,650 | |
Jean C Stout President/treasurer/director | 35 | $246,618 | |
Kathleen A Stout Director | 2 | $4,400 | |
Lola Antognini Director | 2 | $4,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $113,667 |
| Dividends & Interest | $1,666,033 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,924,529 |
| Capital Gain Net Income | $1,924,529 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,704,229 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $388,068 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $23,572 |
| Interest | $0 |
| Taxes | $50,281 |
| Depreciation | $0 |
| Occupancy | $8,194 |
| Travel, conferences, and meetings | $14,159 |
| Printing and publications | $0 |
| Other expenses | $6,731 |
| Total operating and administrative expenses | $516,505 |
| Contributions, gifts, grants paid | $3,879,840 |
| Total expenses and disbursements | $4,396,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,369 |
| Savings and temporary cash investments | $2,113,593 |
| 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 | $12,433 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,852,388 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $86,714,565 |
| 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, Hugoton Foundation has awarded $3,879,840 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
BILLION OYSTER PROJECT PURPOSE: TO FUND OYSTER REEF INSTALLATION IN SOUNDVIEW PARK IN THE BRONX | $150,000 |
ASPCA PURPOSE: FOR ITS COMMUNITY VET CENTERS IN NYC | $5,000 |
CAMILLUS HOUSE PURPOSE: TO BE USED TO PURCHASE FOOD TO SUPPORT CAMILLUS HOUSE'S MISSION WITHIN THE NEXT TWELVE MONTHS | $30,000 |
CATHOLIC GUARDIAN SERVICES PURPOSE: TO SUPPORT THE PARENTING RESOURCE CENTER IN MANHATTAN | $25,000 |
CATHOLIC BIG SISTERS & BIG BROTHERS PURPOSE: TO BE USED FOR THE GIRLS' LEADERSHIP HEALTH AND WELLNESS PROGRAM | $15,000 |
CHURCH AND OF FRIARY ST FRANCIS OF ASSISI PURPOSE: TO BE USED FOR REPAIRS AND MAINTENANCE OF THE CHURCH | $20,000 |