Hutchison Foundation
- Assets
- $919.8k
- Revenue
- $39.6k
- Investments
- $908.0k
- Employees
- 0
- Location
- Fairfield, IL
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 36-4126011
Organization Overview
Hutchison Foundation is located in Fairfield, IL. The organization was established in 1997. 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. Hutchison 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, Hutchison Foundation generated $39.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.4%) each year. All expenses for the organization totaled $71.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hutchison Foundation has awarded 200 individual grants totaling $202,883. 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 |
|---|---|---|---|
Fairfield National Bank Trustee | 10 | $11,896 | |
Dimitri Monge Advisory Committee | 1 | $0 | |
David Land Advisory Committee | 1 | $0 | |
Ken Otey Advisory Committee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,687 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,865 |
| Capital Gain Net Income | $12,865 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $38 |
| Total Revenue | $39,590 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,896 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,572 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $14,883 |
| Contributions, gifts, grants paid | $56,793 |
| Total expenses and disbursements | $71,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,872 |
| 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 | $880,424 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4 |
| Total assets | $919,836 |
| 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, Hutchison Foundation has awarded $64,873 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
DELANEY BAILEY PURPOSE: EDUCATION SCHOLARSHIP | $400 |
MATTHEW BARBEE PURPOSE: EDUCATION SCHOLARSHIP | $400 |
LAUREN BASS PURPOSE: EDUCATION SCHOLARSHIP | $800 |
KAITLYN BEJDA PURPOSE: EDUCATION SCHOLARSHIP | $1,050 |
JADEN BOYD PURPOSE: EDUCATION SCHOLARSHIP | $1,050 |
JACOB BRITT PURPOSE: EDUCATION SCHOLARSHIP | $1,050 |