Huntington Foundation Inc
- Assets
- $6.9m
- Revenue
- $702.0k
- Investments
- $6.7m
- Employees
- 0
- Location
- Huntington, WV
- Founding
- 07/1937
- Data as of
- 12/2023
- 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 12/2023, Huntington Foundation Inc generated $702.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $377.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Huntington Foundation Inc has awarded 133 individual grants totaling $4,082,906. 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
2023
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 | $106,906 |
| Dividends & Interest | $84,215 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $510,866 |
| Capital Gain Net Income | $510,866 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $701,987 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,152 |
| Depreciation | $0 |
| Occupancy | $2,640 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,520 |
| Total operating and administrative expenses | $56,482 |
| Contributions, gifts, grants paid | $321,000 |
| Total expenses and disbursements | $377,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $171,116 |
| Net Accounts receivable | $10 |
| 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 | $1,952 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,123 |
| Total assets | $6,856,680 |
| Accounts payable and accrued expenses | $2,906 |
| Grants payable | $77,356 |
| 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 | $80,262 |
Grants Awarded
Over the last fiscal year, Huntington Foundation Inc has awarded $398,356 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
HUNTINGTON YMCA PURPOSE: ROOF | $5,000 |
BUCKSKIN COUNCIL BOY SCOUTS OF AMERICA PURPOSE: SCOUTREACHPROGRAMCABELL/WAYNE | $25,000 |
HUNTINGTON MUSEUM OF ART PURPOSE: MUSEUM MAKINGCONNECTIONS | $35,000 |
HUNTINGTON MUSEUM OF ART PURPOSE: LIVING WALLFOR THE CONSERVATORY | $15,000 |
APPALACHIAN CHILDREN'S MUSIC & ARTS FND PURPOSE: SCHOLARSHIPS FOR KINDER MUSICMU SPEECH CENTER | $8,500 |
MOUNTWEST FOUNDATION INC PURPOSE: SCHOLARSHIPS | $6,000 |