Ervin G Houchens Foundation Inc
- Assets
- $514.6k
- Revenue
- $17.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Bowling Green, KY
- Founding
- 07/1954
- Data as of
- 12/2021
- EIN
- 61-0623087
Organization Overview
Ervin G Houchens Foundation Inc is located in Bowling Green, KY. The organization was established in 1954. 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. Ervin G Houchens 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, Ervin G Houchens Foundation Inc generated $17.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.4%) each year. All expenses for the organization totaled $62.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OCCUPANCY EXPENSES TO MAINTAIN MUSEUM BUILDINGS AND GROUND AT ADAMS STREET PROPERTY.
EXPENSES TO MAINTAIN MUSEUM BUILDINGS AND GROUND AT DOVER ROAD PROPERTY IN BARREN COUNTY KY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lou Beckner Asst. Sec. | 1 | $7,500 | |
C Cecil Martin Vice Pres. | 1 | $0 | |
Covella H Biggers President | 1 | $0 | |
Lynne B Martin Sec./treas. | 1 | $0 | |
Tara Biggers Parker Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,514 |
| Interest on Savings | $0 |
| Dividends & Interest | $282 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,320 |
| Capital Gain Net Income | $2,320 |
| Net ST Capital Gain | $0 |
| Income Modifications | $3,148 |
| Profit on Inventory Sales | $0 |
| Other Income | $103 |
| Total Revenue | $17,219 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $5,358 |
| Occupancy | $22,133 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,057 |
| Total operating and administrative expenses | $54,338 |
| Contributions, gifts, grants paid | $7,900 |
| Total expenses and disbursements | $62,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,395 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $360,851 |
| Other assets | $148,319 |
| Total assets | $514,565 |
| Accounts payable and accrued expenses | $10,282 |
| 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 | $10,282 |
Grants Awarded
Over the last fiscal year, Ervin G Houchens Foundation Inc has awarded $7,900 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BG BOYS & GIRLS CLUB PURPOSE: FINANCIAL ASSISTANCE | $6,500 |
BG CHEERLEADING BOOSTERS PURPOSE: FINANCIAL ASSISTANCE | $1,000 |
Bowling Green, KY PURPOSE: FINANCIAL ASSISTANCE | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |