Fred W Hooper Endowment Fund

Organization Overview

Fred W Hooper Endowment Fund is located in Hope Hull, AL. The organization was established in 2004. 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. Fred W Hooper Endowment Fund 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, Fred W Hooper Endowment Fund generated $165.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.5% each year . All expenses for the organization totaled $113.8k during the year ending 12/2021. While expenses have increased by 9.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

INVEST ENDOWMENT AND MAKE ANNUAL CONTRIBUTIONS TO THE WEST MONTGOMERY EDUCATIONAL FOUNDATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

ENDOWMENT INVESTED INITIAL $1,000,000 FROM F.W. HOOPER ANNUAL GIFT OF $50,000 TO THE WEST MONTGOMERY EDUCATIONAL FOUNDATION.


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Board, Officers & Key Employees

Name (title)Compensation
T H Campbell
Trustee
$0
N T Ellis
Trustee
$0
C L Newell
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $45,292
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $119,990
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $165,282

Endowment Analysis

Beg. Balance$1,209,146
Earnings$165,282
Admin Expense$63,800
Grants$50,000
Ending Balance$1,260,628

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