Hodges Foundation
- Assets
- $1.2m
- Revenue
- $108.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Abilene, TX
- Founding
- 01/1986
- Data as of
- 12/2022
- EIN
- 75-6329970
Organization Overview
Hodges Foundation is located in Abilene, TX. The organization was established in 1986. 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. Hodges 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, Hodges Foundation generated $108.7k 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 (7.7%) each year. All expenses for the organization totaled $92.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hodges Foundation has awarded 107 individual grants totaling $630,100. 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 |
|---|---|---|---|
Charisse Pruett Director | 0 | $0 | |
Michelle Brookshire Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,460 |
| Dividends & Interest | $21,163 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $79,435 |
| Capital Gain Net Income | $79,524 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,603 |
| Total Revenue | $108,661 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $202 |
| Taxes | $321 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,100 |
| Total operating and administrative expenses | $21,786 |
| Contributions, gifts, grants paid | $70,200 |
| Total expenses and disbursements | $91,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,399 |
| 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 | $112,078 |
| Investments—mortgage loans | $0 |
| Investments—other | $236,545 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $18,590 |
| Total assets | $1,219,480 |
| 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, Hodges Foundation has awarded $70,200 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ABILENE PHILHARMONIC PURPOSE: OPERATIONS | $3,200 |
YOUNG LIFE PURPOSE: OPERATIONS | $1,200 |
FELLOWSHIP OF CHRISTIAN ATH PURPOSE: OPERATIONS | $3,200 |
PARAMOUNT THEATRE PURPOSE: OPERATIONS | $900 |
NOROC PURPOSE: OPERATIONS | $200 |
FREEDOM HOUSE PURPOSE: OPERATIONS | $800 |