The Scott Hudgens Family Foundation Inc
- Assets
- $59.5m
- Revenue
- $186.7k
- Investments
- $55.9m
- Employees
- 0
- Location
- Duluth, GA
- Founding
- 01/2001
- Data as of
- 12/2023
- EIN
- 58-2513020
Organization Overview
The Scott Hudgens Family Foundation Inc is located in Duluth, GA. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Scott Hudgens Family 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, Scott Hudgens Family Foundation Inc generated $186.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (52.5%) each year. All expenses for the organization totaled $6.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Scott Hudgens Family Foundation Inc has awarded 314 individual grants totaling $17,774,102. 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 |
|---|---|---|---|
Dallas S Hudgens III Chairman, Director | 2 | $0 | |
William A Brogdon Exec. Dir. | 8 | $186,000 | |
D Cole Hudgens Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,120,376 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,432,169 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,498,469 |
| Total Revenue | $186,676 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $186,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $59,801 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $578,539 |
| Total operating and administrative expenses | $907,845 |
| Contributions, gifts, grants paid | $5,287,500 |
| Total expenses and disbursements | $6,195,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,088 |
| Savings and temporary cash investments | $3,261,133 |
| 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 | $275,905 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,743 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $27,282,745 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $59,502,709 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $75,343 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $75,343 |
Grants Awarded
Over the last fiscal year, The Scott Hudgens Family Foundation Inc has awarded $5,287,500 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S DISEASE AND RELATED DISORDER PURPOSE: DESIG TO SUPPORT PROGRAMS AND SERVICES FOR THOSE STRUGGLING WITH ALZHEIMER'S AND RELATED DEMENTIAS | $25,000 |
ATLANTA COMMUNITY FOOD BANK INC PURPOSE: DESIG FOR FUNDING THE COMMUNITYY FOOD CNTR INITIATIVE IN GWINNETT CO. | $50,000 |
AMERICAN CANCER SOCIETY INC PURPOSE: DESIG AS GENERAL OPERATING SUPPORT FOR HOPE LODGE CANCER PATIENT ACCOMODATIONS IN ATLANTA, GA | $100,000 |
ATLANTA GIRLS' SCHOOL PURPOSE: DESIG FOR THE TAILORED TUITION PROG | $50,000 |
ATLANTA MUSIC PROJECT INC PURPOSE: DESIG. TO SUPPORT PREP SCHOOL, FOR ARTIST FEES & MATERIALS FOR CHOIR, ORCHESTRA & BAND PROGRAMS FOR K-12 STUDENTS | $25,000 |
ATLANTA NEIGHBORHOOD DEVELOPMENT PARTNERSHIP INC PURPOSE: DESIG FOR THE CLOSING THE GAP VETERANS HOUSING PROG | $75,000 |