Hibbs Family Foundation
- Assets
- $3.2m
- Revenue
- $135.7k
- Investments
- $3.2m
- Employees
- 0
- Location
- Tyler, TX
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 75-2851757
Organization Overview
Hibbs Family Foundation is located in Tyler, TX. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Hibbs Family 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 12/2022, Hibbs Family Foundation generated $135.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $289.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hibbs Family Foundation has awarded 290 individual grants totaling $1,408,618. 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 |
|---|---|---|---|
Stratton Weiss Hibbs Secretary | 0 | $0 | |
Billy E Hibbs Jr President | 0 | $0 | |
Teresa W Hibbs Vice President | 0 | $0 | |
London Elizabeth Hibbs Director | 0 | $0 | |
Robert Monaghan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $82,434 |
| Interest on Savings | $299 |
| Dividends & Interest | $74,953 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,964 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $135,722 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,227 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $126,215 |
| Total operating and administrative expenses | $127,442 |
| Contributions, gifts, grants paid | $161,763 |
| Total expenses and disbursements | $289,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,665 |
| 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 | $3,218,240 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,236,905 |
| 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, Hibbs Family Foundation has awarded $161,763 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
JUNIOR ACHIEVEMENT PURPOSE: PROVIDE SUPPORT FOR AGE-APPROPRIATE CURRICULUM THAT TEACHES STUDENTS ABOUT THEIR ROLES AS INDIVIDUALS, WORKERS, AND CONSUMERS; THE ECONCOMIC REALITIES OF LIFE; AND THE IMPORTANCE OF STAYING IN SCHOOL. | $5,520 |
ALZHEIMER'S ALLIANCE PURPOSE: SUPPORT NEEDS FOR SERVICES & RESPITE CARE | $500 |
TYLER JUNIOR COLLEGE FOUNDATION PURPOSE: PROVIDE SUPPORT ANNUAL SCHOLARSHIP FUND | $18,000 |
CAMP TYLER FOUNDATION PURPOSE: ANNUAL CAMPAIGN TO PROVIDE CHILDREN WITH PREMIER OUTDOOR LEARNING OPPORTUNITIES | $5,000 |
DALLAS MUSEUM OF ART PURPOSE: PROVIDE ASSISTANCE FOR SUPPORT OF ARTS EDUCATION | $2,060 |
EAST TEXAS SYMPHONY ORCHESTRA FOUND PURPOSE: PROVIDE ASSISTANCE MUSIC EDUCATION FOR COMMUNITY | $5,100 |