James R And Karen Huesing Family Foundation
- Assets
- $2.1m
- Revenue
- $188.2k
- Investments
- $2.0m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 45-4065152
Organization Overview
James R And Karen Huesing Family Foundation is located in Cincinnati, OH. The organization was established in 2014. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James R And Karen Huesing 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, James R And Karen Huesing Family Foundation generated $188.2k 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 (8.8%) each year. All expenses for the organization totaled $103.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, James R And Karen Huesing Family Foundation has awarded 71 individual grants totaling $102,200. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO 501C3 CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Huesing Individual President | 1 | $0 | |
Sean Sullivan Individual Secretary | 1 | $0 | |
Karen Huesing Individual Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $53,331 |
| Interest on Savings | $35 |
| Dividends & Interest | $86,286 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,758 |
| Capital Gain Net Income | $46,758 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,835 |
| Total Revenue | $188,245 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $72 |
| Taxes | $1,086 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $322 |
| Other expenses | $27,855 |
| Total operating and administrative expenses | $30,602 |
| Contributions, gifts, grants paid | $72,350 |
| Total expenses and disbursements | $102,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,980 |
| 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 | $2,136,838 |
| 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, James R And Karen Huesing Family Foundation has awarded $72,350 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE PLACE FOR CHILDREN AND FAMILY PURPOSE: FUND DRIVE EDUCATIONAL & FAITH BASED ORGANIZATION | $250 |
ST WILLIAM CATHOLIC CHURCH PURPOSE: DONATION AND MISSION | $2,000 |
BCCA PURPOSE: SCHOLARSHIP | $500 |
PRAY HOPE BELIEVE FOUNDATION PURPOSE: FUNDING FOR PEDIATRIC CANCER | $1,000 |
ST ROSE CHURCH PURPOSE: DONATION | $2,000 |
RONALD MCDONALD HOUSE CHARITY PURPOSE: AWAY FROM HOME SUPPORT OF HOUSING MEDICAL FOOD | $1,000 |