Huchton Family Foundation
- Assets
- $4.8m
- Revenue
- $626.5k
- Investments
- $3.8m
- Employees
- 0
- Location
- Montgomery, TX
- Founding
- 04/2012
- Data as of
- 12/2022
- EIN
- 45-3589637
Organization Overview
Huchton Family Foundation is located in Montgomery, TX. The organization was established in 2012. 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. Huchton Family 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, Huchton Family Foundation generated $626.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.8% each year . All expenses for the organization totaled $408.7k during the year ending 12/2022. While expenses have increased by 23.2% per year over the past 6 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob N Huchton VP | 1 | $0 | |
Jenna C Huchton VP | 1 | $0 | |
Julie A Huchton Co-Pres / Dir | 1 | $0 | |
Terry J Huchton Co-Pres / Dir | 1 | $0 | |
Kathryn A Richardson VP / Dir | 5 | $79,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $354 |
| Dividends & Interest | $45,855 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $509,663 |
| Capital Gain Net Income | $509,663 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $70,603 |
| Total Revenue | $626,475 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $85,606 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $8 |
| Taxes | $9,878 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,770 |
| Total operating and administrative expenses | $143,693 |
| Contributions, gifts, grants paid | $265,000 |
| Total expenses and disbursements | $408,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $980,236 |
| 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 | $2,194,337 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,753,572 |
| 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 | -$2,054 |
| Total liabilities | -$2,054 |
Grants Awarded
Over the last fiscal year, Huchton Family Foundation has awarded $132,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
COVENANT HOUSE TEXAS PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
HABITAT FOR HUMANITY INTERNATIONAL INC - MONTGOMER PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
INTERNATIONAL JUSTICE MISSION PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
STAR OF HOPE MISSION PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
MONTGOMERY COUNTY WOMENS CENTER PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
PREGNANCY ASSISTANCE CENTER NORTH INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |