Vandam-Hug Family Foundation Charitable Tr
- Assets
- $774.8k
- Revenue
- $3.9k
- Investments
- $774.8k
- Employees
- 0
- Location
- New Berlin, WI
- Founding
- 08/2015
- Data as of
- 12/2022
- EIN
- 47-6798635
Organization Overview
Vandam-Hug Family Foundation Charitable Tr is located in New Berlin, WI. The organization was established in 2015. 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. Vandam-Hug Family Foundation Charitable Tr 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, Vandam-Hug Family Foundation Charitable Tr generated $3.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (40.0%) each year. All expenses for the organization totaled $73.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Vandam-Hug Family Foundation Charitable Tr has awarded 16 individual grants totaling $228,000. 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
GRANTS AND OTHER FINANCIAL ASSISTANCE TO LUTHERAN ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Van Dam President | 0 | $0 | |
Erle C Hug Secretary | 0 | $0 | |
Michelle Van Dam Director | 0 | $0 | |
Karen Hug Treasurer | 0 | $0 | |
Brad Van Dam Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15 |
| Dividends & Interest | $18,963 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$16,072 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $961 |
| Total Revenue | $3,867 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $545 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,651 |
| Total operating and administrative expenses | $14,469 |
| Contributions, gifts, grants paid | $59,000 |
| Total expenses and disbursements | $73,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $774,767 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $774,767 |
| 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, Vandam-Hug Family Foundation Charitable Tr has awarded $59,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LUTHERAN HIGH SCHOOL ASSOCIATION OF GREATER MILWAUKEE PURPOSE: GENERAL SUPPORT OF MISSION | $45,000 |
LUTHERAN HOME FOUNDATION INC PURPOSE: GENERAL SUPPORT OF MISSION | $14,000 |