Hussey Foundation
- Assets
- $700.5k
- Revenue
- $48.0k
- Investments
- $647.6k
- Employees
- 0
- Location
- Wilmette, IL
- Founding
- 06/1990
- Data as of
- 12/2022
- EIN
- 36-3552592
Organization Overview
Hussey Foundation is located in Wilmette, IL. The organization was established in 1990. 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. Hussey 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, Hussey Foundation generated $48.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $54.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hussey Foundation has awarded 180 individual grants totaling $350,353. 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 |
|---|---|---|---|
William L Hussey Treasurer | 1 | $0 | |
Sharon H Handler Secretary | 5 | $0 | |
Frank L Hussey III President | 1 | $0 | |
Michael R Hussey Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $29,384 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,588 |
| Capital Gain Net Income | $18,588 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,973 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $340 |
| Total operating and administrative expenses | $8,040 |
| Contributions, gifts, grants paid | $46,000 |
| Total expenses and disbursements | $54,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $52,987 |
| 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 | $67,687 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $700,537 |
| 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, Hussey Foundation has awarded $46,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF THE HOLY COMFORTER PURPOSE: TO SUPPORT THE PURPOSES OF THE ORGANIZATION | $3,000 |
MISERICORDIA PURPOSE: TO SUPPORT THE PURPOSES OF THE ORGANIZATION | $3,000 |
SKOKIE CC EDUCATION FDN PURPOSE: TO SUPPORT THE PURPOSES OF THE ORGANIZATION | $2,000 |
RONALD MCDONALD HOUSE CHARITIES PURPOSE: TO SUPPORT THE PURPOSES OF THE ORGANIZATION. | $2,000 |
STRINGS MUSIC FESTIVAL PURPOSE: TO SUPPORT THE PURPOSES OF THE ORGANIZATION. | $5,000 |
HOPEWORKS PURPOSE: TO SUPPORT THE PURPOSES OF THE ORGANIZATION. | $500 |