The Cecil And Irene Hylton Foundation Inc
- Assets
- $92.9m
- Revenue
- $6.9m
- Investments
- $57.4m
- Employees
- 0
- Location
- Dale City, VA
- Founding
- 07/1989
- Data as of
- 12/2022
- EIN
- 52-1633658
Organization Overview
The Cecil And Irene Hylton Foundation Inc is located in Dale City, VA. The organization was established in 1989. 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. Cecil And Irene Hylton Foundation Inc 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, Cecil And Irene Hylton Foundation Inc generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $5.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Cecil And Irene Hylton Foundation Inc has awarded 76 individual grants totaling $15,284,431. 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 |
|---|---|---|---|
Conrad C Hylton President | 1 | $50,000 | |
Cynthia D Carpenter Director | 1 | $50,000 | |
Kendall B Lewis Treasurer | 45 | $209,268 | |
Conrad C Hylton Jr Director | 1 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,742,970 |
| Interest on Savings | $65,626 |
| Dividends & Interest | $1,661,830 |
| Net Rental Income | $8,330 |
| Net Gain on Sale of Assets | $132,507 |
| Capital Gain Net Income | $418,198 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $264,707 |
| Total Revenue | $6,881,620 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $359,268 |
| Other employee salaries and wages | $100,481 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $129,300 |
| Depreciation | $2,182 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $345,111 |
| Total operating and administrative expenses | $938,582 |
| Contributions, gifts, grants paid | $4,679,682 |
| Total expenses and disbursements | $5,618,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,062 |
| Savings and temporary cash investments | $18,144,109 |
| 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 | $4,787,695 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,558,745 |
| Net Land, buildings, and equipment | $12,376,066 |
| Other assets | $83,518 |
| Total assets | $92,929,473 |
| Accounts payable and accrued expenses | $388 |
| 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 | $388 |
Grants Awarded
Over the last fiscal year, The Cecil And Irene Hylton Foundation Inc has awarded $4,679,682 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CECIL D HYLTON MEMORIAL CHAPEL FDN PURPOSE: OPERATIONAL GRANTS FOR THE UPKEEP OF FACILTY SO THAT IT CAN PROVIDE A CENTER FOR RELIGIOUS ACTIVITIES. | $851,818 |
THE HYLTON PERFORMING ARTS CENTER AT GMU PURPOSE: GRANTS FOR THE DEVELOPMENT OF FACILITY TO HOST EDUCATIONAL ART EVENTS.THIS RECIPIENT IS A NOT FOR PROFIT 501(C)(3). | $1,000,000 |
ACTS PURPOSE: ANNUAL GRANT TO PROVIDE FOOD AND SHELTER FOR NEEDY FAMILIES IN CRISIS.NOT FOR PROFIT CHARITY - 501(C)(3). | $30,000 |
SALVATION ARMY PWC CORPS PURPOSE: ANNUAL GRANT - TO HELP NEEDY FAMILIES IN PRINCE WILLIAM COUNTY - FOOD AND SHELTER.NOT FOR PROFIT CHARITY 501(C)(3). | $30,000 |
NORTHERN VA FAMILY SERVICES PURPOSE: ANNUAL GRANT TO PROVIDE ASSISTANCE TO NEEDY FAMILIES IN THE PRINCE WILLIAM COMMUNITY. FOOD AND SHELTER. NOT FOR PROFIT CHARITY - 501(C)(3). | $30,000 |
C D HYLTON SENIOR HIGH SCHOOL PURPOSE: GRANT TO FUND AUTOMOTIVE DIRECTOR: KEEP CURRENT WITH INDUSTRY STANDARDS, SCISSOR ALLIGNMENT RACK ALLIGGNMENT MACHINE. | $82,836 |