The Hubbard Broadcasting Foundation
- Assets
- $42.8m
- Revenue
- $2.2m
- Investments
- $40.8m
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 03/1960
- Data as of
- 12/2023
- EIN
- 41-6022291
Organization Overview
The Hubbard Broadcasting Foundation is located in St Paul, MN. The organization was established in 1960. 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. Hubbard Broadcasting 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, Hubbard Broadcasting Foundation generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hubbard Broadcasting Foundation has awarded 445 individual grants totaling $10,694,219. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Hubbard Rominski Vice President/exec Director | 15 | $128,763 | |
Stanley S Hubbard President/director | 1 | $0 | |
C Thomas Newberry Secretary/treasurer | 1 | $0 | |
Stanley E Hubbard II Director | 1 | $0 | |
Virginia H Morris Director | 1 | $0 | |
Robert W Hubbard Vice President/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $299,879 |
| Dividends & Interest | $486,752 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,445,923 |
| Capital Gain Net Income | $1,505,708 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $674 |
| Total Revenue | $2,233,228 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $128,763 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,525 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $523 |
| Total operating and administrative expenses | $483,345 |
| Contributions, gifts, grants paid | $2,083,370 |
| Total expenses and disbursements | $2,566,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,823,552 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $224,489 |
| 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 | $42,837,929 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,551,416 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $15,000 |
| Total liabilities | $1,566,416 |
Grants Awarded
Over the last fiscal year, The Hubbard Broadcasting Foundation has awarded $3,160,370 in support to 149 organizations.
| Grant Recipient | Amount |
|---|---|
AEON PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
ALIA PURPOSE: GENERAL OPERATING SUPPORT 2023 | $20,000 |
ALLINA HEALTH SYSTEM PURPOSE: EXPANDING ACCESS TO ADV REHAB TECH | $42,870 |
AMERICAN PARKINSON DISEASE ASSOCIATION OF MN PURPOSE: APDAMN PAS&PRESS 2022 | $5,000 |
AMERICAN CANCER SOCIETY INC PURPOSE: RESEARCH FELLOWSHIP & HOPE LODGE | $25,000 |
AMHERST H WILDER FOUNDATION PURPOSE: WILDER CAMPAIGN FOR FAMILIES | $12,500 |