Theodore F & Claire M Hubbard Family Foundation
- Assets
- $4.2m
- Revenue
- $321.2k
- Investments
- $3.9m
- Employees
- 0
- Location
- South Bend, NE
- Founding
- 07/1996
- Data as of
- 11/2023
- EIN
- 47-6205113
Organization Overview
Theodore F & Claire M Hubbard Family Foundation is located in South Bend, NE. The organization was established in 1996. 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. Theodore F & Claire M Hubbard 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 11/2023, Theodore F & Claire M Hubbard Family Foundation generated $321.2k 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 (58.3%) each year. All expenses for the organization totaled $463.8k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (54.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Theodore F & Claire M Hubbard Family Foundation has awarded 11 individual grants totaling $285,350. 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 |
|---|---|---|---|
Theodore F Hubbard Jr Pres/dir | 10 | $40,000 | |
Colleen Hubbard Vp/dir | 5 | $20,000 | |
T G Lieben Secy/dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,280 |
| Dividends & Interest | $208,087 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $109,874 |
| Capital Gain Net Income | $109,874 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $321,241 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,721 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $295,614 |
| Total operating and administrative expenses | $403,786 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $463,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $336,385 |
| 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 | $4,207,066 |
| 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, Theodore F & Claire M Hubbard Family Foundation has awarded $60,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FOR ELEPHANTS INC PURPOSE: CONSERVATION AND HABITAT RESEARCH | $30,000 |
MAKE A WISH NEBRASKA PURPOSE: PROGRAM SUPPORT | $30,000 |