Audrey E & Donald L Hutt Tr 283
- Assets
- $20.4m
- Revenue
- $19.2m
- Investments
- $19.3m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1989
- Data as of
- 12/2022
- EIN
- 75-6008809
Organization Overview
Audrey E & Donald L Hutt Tr 283 is located in Chicago, IL. The organization was established in 1989. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Audrey E & Donald L Hutt Tr 283 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, Audrey E & Donald L Hutt Tr 283 generated $19.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $18.3m during the year ending 12/2022. While expenses have increased by 13.2% per year over the past 4 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.
Since 2020, Audrey E & Donald L Hutt Tr 283 has awarded 15 individual grants totaling $29,206,340. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $634,816 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$273,001 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,806,935 |
| Total Revenue | $19,168,750 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $143,767 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $387,574 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,051,108 |
| Total operating and administrative expenses | $3,639,529 |
| Contributions, gifts, grants paid | $14,614,735 |
| Total expenses and disbursements | $18,254,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $879,912 |
| Savings and temporary cash investments | $296,128 |
| 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 | $0 |
| Other assets | $33 |
| Total assets | $20,447,982 |
| 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, Audrey E & Donald L Hutt Tr 283 has awarded $14,614,735 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WARM SPRINGS FOUNDATION INC PURPOSE: GENERAL | $2,922,947 |
CUMBERLAND REST INC PURPOSE: GENERAL | $2,922,947 |
COOK-FORT WORTH CHILDREN'S PURPOSE: GENERAL | $2,922,947 |
LENA POPE HOME PURPOSE: GENERAL | $2,922,947 |
BOYS & GIRLS CLUBS OF PURPOSE: GENERAL | $2,922,947 |