Huntington Foundation Inc
- Assets
- $7.4m
- Revenue
- $199.3k
- Investments
- $7.3m
- Employees
- 0
- Location
- Huntington, WV
- Founding
- 07/1937
- Data as of
- 12/2021
- EIN
- 55-0370129
Organization Overview
Huntington Foundation Inc is located in Huntington, WV. The organization was established in 1937. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Huntington 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 12/2021, Huntington Foundation Inc generated $199.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $382.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Huntington Foundation Inc has awarded 97 individual grants totaling $3,268,594. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leon K Oxley President | 6 | $4,800 | |
Dr Todd W Gress Treasurer | 6 | $4,800 | |
Dr Joseph B Touma Vice President | 6 | $4,800 | |
Margaret Mary Layne Secretary | 6 | $4,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $47,981 |
| Dividends & Interest | $105,800 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,512 |
| Capital Gain Net Income | $45,512 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $199,293 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $5,963 |
| Taxes | $733 |
| Depreciation | $0 |
| Occupancy | $2,640 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,794 |
| Total operating and administrative expenses | $54,346 |
| Contributions, gifts, grants paid | $328,000 |
| Total expenses and disbursements | $382,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,499 |
| Savings and temporary cash investments | $152,997 |
| Net Accounts receivable | $447 |
| 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 | $1,897 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,690 |
| Total assets | $7,446,736 |
| Accounts payable and accrued expenses | $3,225 |
| Grants payable | $87,037 |
| 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 | $90,262 |
Grants Awarded
Over the last fiscal year, Huntington Foundation Inc has awarded $415,037 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
KEITH-ALBEE PERFORMING ARTS CENTER PURPOSE: CONSTRUCTIONDRAWINGS | $125,000 |
MARSHALL UNIVERSITY MEDICAL SCHOOL PURPOSE: OPERATIONAL SUPPORT | $53,154 |
HUNTINGTON YMCA PURPOSE: HVACUPGRADES | $25,000 |
Huntington, WV PURPOSE: FORESTRENEWAL | $25,000 |
BUCKSKIN COUNCIL BOY SCOUTS OF AMERICA PURPOSE: SCOUTREACHPARTICIPANTS | $25,000 |
MARSHALL UNIVERSITY MEDICAL SCHOOL PURPOSE: OPERATIONALSUPPORTGERIATRICIAN | $24,202 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Huntington Foundation Inc has recieved totaling $13,374.
| Awarding Organization | Amount |
|---|---|
Charles M Cutts Charitable Trust 9371165800 Chicago, IL PURPOSE: GENERAL | $11,861 |
J Floyd Garlow Trust B Orlando, FL PURPOSE: GENERAL FUNDS | $1,513 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Donald B And Dorothy L Stabler Foundation Harrisburg, PA | $483,040,822 | $63,822,611 |
Fund For Charitable Giving Pittsburgh, PA | $174,176,180 | $114,342,351 |
Margaret And Robert Walter Foundation Columbus, OH | $119,634,869 | $20,893,833 |
Charitable Pharmacy Of Central Ohio Columbus, OH | $4,066,781 | $13,066,074 |
Legacy Ministries International Miamisburg, OH | $19,772,122 | $9,496,870 |
Dismas Charities Properties Inc Louisville, KY | $71,077,691 | $7,449,643 |
Higley Fund Of The Cleveland Foundation Cleveland, OH | $45,795,016 | $3,866,437 |
Adira Foundation Richmond, VA | $46,085 | $190,912 |
Rubin Family Foundation Bensalem, PA | $4,953,491 | $893,762 |
Westmoreland Cultural Trust Greensburg, PA | $14,583,491 | $2,146,840 |
The Beirne Carter Foundation Richmond, VA | $25,189,504 | $3,003,577 |
Homes For Hope Lancaster, PA | $4,138,617 | $1,481,409 |