Hough Family Foundation Inc
- Assets
- $88.5m
- Revenue
- $7.9m
- Investments
- $87.3m
- Employees
- 0
- Location
- St Petersburg, FL
- Founding
- 12/1996
- Data as of
- 12/2022
- 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 12/2022, Hough Family Foundation Inc generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $7.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hough Family Foundation Inc has awarded 182 individual grants totaling $17,753,611. 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 |
|---|---|---|---|
Susan H Henry President | 20 | $0 | |
W Robb Hough Jr Secretary | 4 | $0 | |
Helen H Feinberg Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,798,773 |
| Interest on Savings | $320,148 |
| Dividends & Interest | $1,917,451 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$111,476 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,531 |
| Total Revenue | $7,934,427 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $48,436 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,420 |
| Total operating and administrative expenses | $502,840 |
| Contributions, gifts, grants paid | $7,094,266 |
| Total expenses and disbursements | $7,597,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,099,834 |
| 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 | $87,100 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,702,577 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $88,476,111 |
| 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 $7,094,266 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS PURPOSE: PINELLAS COUNTY, CAMP RENOVATIONS, | $380,000 |
BURG BASEBALL PURPOSE: OPERATIONAL SUPPORT | $15,600 |
CANTERBURY ENDOWMENT DISTRIBUTION PURPOSE: OPERATIONAL SUPPORT | $170,000 |
CANTERBURY PURPOSE: SCHOLARSHIPS | $250,000 |
SALVADOR DALI MUSEUM INC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
THE FIRST TEE OF ST PETERSBURG PURPOSE: AFTER SCHOOL ENRICHMENT | $32,400 |