Hooters Community Endowment Fund Inc
- Assets
- $857.6k
- Revenue
- $861.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 03/1993
- Data as of
- 12/2022
- EIN
- 58-2006561
Organization Overview
Hooters Community Endowment Fund Inc is located in Atlanta, GA. The organization was established in 1993. 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. Hooters Community Endowment Fund 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, Hooters Community Endowment Fund Inc generated $861.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $884.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hooters Community Endowment Fund Inc has awarded 121 individual grants totaling $8,297,480. 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 |
|---|---|---|---|
Salvatore Melilli President | 0.75 | $0 | |
Lawrence Linen Vice President | 0.75 | $0 | |
Matt Nisbet Vice President, Treasurer | 0.75 | $0 | |
Beth Van Loon Vice President | 0.75 | $0 | |
Alisa Cleek Secretary | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $861,318 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $861,318 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55,924 |
| Total operating and administrative expenses | $72,892 |
| Contributions, gifts, grants paid | $811,775 |
| Total expenses and disbursements | $884,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,195 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $724,419 |
| 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 | $857,614 |
| Accounts payable and accrued expenses | $87,747 |
| Grants payable | $700,000 |
| 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 | $787,747 |
Grants Awarded
Over the last fiscal year, Hooters Community Endowment Fund Inc has awarded $811,775 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BAY AREA CARDINALS PURPOSE: GENERAL SUPPORT. | $2,332 |
GO JEN GO FOUNDATION PURPOSE: GENERAL SUPPORT. | $1,500 |
CHANTICLEER FOUNDATION PURPOSE: GENERAL SUPPORT. | $2,000 |
LEGACIES ALIVE PURPOSE: GENERAL SUPPORT. | $5,000 |
MAJOR ED FOUNDATION PURPOSE: GENERAL SUPPORT. | $5,000 |
METROPLEX MILITARY CHARITABLE TRUST PURPOSE: GENERAL SUPPORT. | $89,943 |