Education Foundation Of Hudson
- Assets
- $943.5k
- Revenue
- $105.1k
- Investments
- $908.9k
- Employees
- 0
- Location
- Hudson, WI
- Founding
- 05/1991
- Data as of
- 12/2021
- EIN
- 39-1692105
Organization Overview
Education Foundation Of Hudson is located in Hudson, WI. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Foundation Of Hudson 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 12/2021, Education Foundation Of Hudson generated $105.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $141.6k during the year ending 12/2021. While expenses have increased by 14.5% per year over the past 5 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 2016, Education Foundation Of Hudson has awarded 32 individual grants totaling $221,863. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDUCATION FOUNDATION OF HUDSON SEEKS TO PROMOTE EXCELLENCE IN EDUCATION THROUGH THE USE OF PRIVATE REVENUES. DURING THE YEAR 4 SCHOLARSHIPS WERE AWARDED, 3 AWARDS WERE DISTRIBUTED, AND 2 GRANTS WERE AWARDED TO PROMOTE EXCELLENCE IN EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Krueger President | 1 | $0 | |
Jodell Krause Secretary | 1 | $0 | |
John Kromer Treasurer | 1 | $0 | |
Ron Bernth Trustee | 1 | $0 | |
Heidi Gilbert Trustee | 1 | $0 | |
Marian Schultz Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,673 |
| Interest on Savings | $0 |
| Dividends & Interest | $59,379 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,031 |
| Capital Gain Net Income | $20,031 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $105,083 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,642 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $243 |
| Total operating and administrative expenses | $18,126 |
| Contributions, gifts, grants paid | $123,507 |
| Total expenses and disbursements | $141,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,553 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $943,463 |
| 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, Education Foundation Of Hudson has awarded $123,507 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
HUDSON SCHOOL DISTRICT PURPOSE: EDUCATIONAL ASSISTANCE GRANT | $99,976 |
CRYSTAL GEIGLE PURPOSE: STAR AWARD | $5,000 |
CHAR SELLECK PURPOSE: STAR AWARD | $5,000 |
ST PATRICKS SCHOOL PURPOSE: EDUCATIONAL ASSISTANCE GRANTS | $3,000 |
Hudson, WI PURPOSE: EDUCATIONAL ASSISTANCE GRANT | $1,531 |
PAIGE MEYER PURPOSE: SCHOLARSHIP | $1,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Education Foundation Of Hudson has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Herbert H Kohl Charities Inc Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |