J R Hyde Iii Foundation
- Assets
- $230.4m
- Revenue
- $26.3m
- Investments
- $218.8m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 12/1992
- Data as of
- 12/2021
- EIN
- 62-1512725
Organization Overview
J R Hyde Iii Foundation is located in Memphis, TN. The organization was established in 1992. 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. J R Hyde Iii Foundation 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, J R Hyde Iii Foundation generated $26.3m 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 (23.7%) each year. All expenses for the organization totaled $18.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, J R Hyde Iii Foundation has awarded 278 individual grants totaling $35,040,484. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Sloyan President | 40 | $298,205 | |
Lauren Taylor VP - Programs And Le | 40 | $235,665 | |
Holly Coleman Program Director - E | 40 | $187,061 | |
Ian Nunley Program Officer - Vi | 40 | $96,137 | |
Kim Tobin Executive Asst. | 40 | $90,267 | |
Rachel Knox Senior Program Ofice | 40 | $90,219 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crisp Communications | 12/30/21 | $52,507 |
P3 Consulting Llc | 12/30/21 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $182,371 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,660,962 |
| Capital Gain Net Income | $23,858,955 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,463,446 |
| Total Revenue | $26,306,779 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $401,785 |
| Other employee salaries and wages | $953,141 |
| Pension plans, employee benefits | $168,509 |
| Interest | $41,865 |
| Taxes | $463,752 |
| Depreciation | $58,430 |
| Occupancy | $103,825 |
| Travel, conferences, and meetings | $5,926 |
| Printing and publications | $0 |
| Other expenses | $189,090 |
| Total operating and administrative expenses | $2,729,684 |
| Contributions, gifts, grants paid | $15,572,646 |
| Total expenses and disbursements | $18,302,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,704 |
| Savings and temporary cash investments | $9,654,851 |
| 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 | $260,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,770 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $203,324,500 |
| Net Land, buildings, and equipment | $1,349,489 |
| Other assets | $20,833 |
| Total assets | $230,354,058 |
| 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, J R Hyde Iii Foundation has awarded $15,572,646 in support to 124 organizations.
| Grant Recipient | Amount |
|---|---|
Memphis, TN PURPOSE: SUPPORT FOR A DEPUTY DIRECTOR/CHIEF OPERATING OFFICER; GENERAL OPERATING SUPPORT; SUPPORT FOR THE BUILDING FUND | $4,947,759 |
MEMPHIS MEDICAL DISTRICT COLLABORATIVE PURPOSE: GENERAL OPERATING SUPPORT AND SUPPORT FOR THE HEALTH SCIENCES PARK LEARNING INITIATIVE | $927,010 |
Memphis, TN PURPOSE: SUPPORT FOR POLICY AND ADVOCACY TO IMPROVE SCS-ASD K-12 STUDENT OUTCOMES; SUPPORT FOR EDUCATION PIONEERS' ESSER SPECIAL RESEARCH ASSOCIATE COLLABORATION | $775,833 |
VIBRANT MEMPHIS INC DBA EPICENTER PURPOSE: SUPPORT FOR THE FORMATION FUND & GENERAL OPERATIONS | $750,000 |
NEW LEADERS INC PURPOSE: GENERAL OPERATING SUPPORT AND SUPPORT TO TRANSFORM UNDERSERVED SCHOOLS THROUGH LEADERSHIP DEVELOPMENT | $725,000 |
Chapel Hill, NC PURPOSE: SUPPORT FOR THE CAROLINA COVENANT ENDOWMENT FUND; SUPPORT FOR THE CAROL L. FOLT COVENANT SCHOLARSHIP FUND | $540,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |