Hough Family Foundation Inc
- Assets
- $88.1m
- Revenue
- $7.9m
- Investments
- $86.8m
- Employees
- 0
- Location
- St Petersburg, FL
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 59-3395491
Organization Overview
Hough Family Foundation Inc is located in St Petersburg, FL. The organization was established in 1996. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hough 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 12/2021, Hough Family Foundation Inc generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.6% each year . All expenses for the organization totaled $4.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hough Family Foundation Inc has awarded 138 individual grants totaling $9,889,345. 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 |
|---|---|---|---|
Helen H Feinberg Treasurer | 10 | $0 | |
W Robb Hough Jr Secretary | 10 | $0 | |
Susan H Henry President | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,145,816 |
| Interest on Savings | $235,618 |
| Dividends & Interest | $1,770,798 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,725,461 |
| Capital Gain Net Income | $4,822,483 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,869 |
| Total Revenue | $7,882,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $74,855 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,795 |
| Total operating and administrative expenses | $570,562 |
| Contributions, gifts, grants paid | $4,202,000 |
| Total expenses and disbursements | $4,772,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,344,304 |
| 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 | $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 | $2,909,297 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $88,138,790 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Hough Family Foundation Inc has awarded $4,202,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
CANTERBURY PURPOSE: SCHOLARSHIPS | $750,000 |
BOY SCOUTS PURPOSE: PINELLAS COUNTY, CAMP RENOVATIONS, | $425,000 |
ST PETERSBURG COLLEGE PURPOSE: NURSING/WORKFORCE | $400,000 |
ST PETERSBURG MUSEUM OF HISTORY PURPOSE: FLA STUDY - DIGITAL ARCHIVE | $380,000 |
ST PETERSBURG COLLEGE FOUNDATION PURPOSE: PALLADIUM | $322,000 |
ST PETERSBURG COLLEGE FOUNDATION PURPOSE: PALLADIUM CAPITAL CAMPAIGN | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canterbury School Corporation Fort Myers, FL | $32,236,169 | $23,638,435 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
The Masters Academy Of Central Florida Inc Oviedo, FL | $26,482,967 | $18,246,673 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Saint Edwards School Vero Beach, FL | $54,149,022 | $17,250,987 |
Strong Rock Christian School Inc Locust Grove, GA | $18,179,980 | $18,285,975 |
Fellowship Christian School Inc Roswell, GA | $48,536,188 | $18,034,878 |
St Pauls Episcopal School Mobile, AL | $26,189,566 | $16,422,172 |
Dubois Integrity Academy Inc Riverdale, GA | $36,435,666 | $18,797,787 |
William Monroe Rowlett Academy For Arts And Communication Bradenton, FL | $11,754,381 | $15,312,169 |
Episcopal Day Private School Of Manatee County Inc Bradenton, FL | $25,876,327 | $15,435,458 |
St Francis Day School Inc Roswell, GA | $35,555,718 | $15,564,442 |