Hilton Effect Foundation
- Assets
- $515.6k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 84-1854168
Organization Overview
Hilton Effect Foundation is located in Mclean, VA. The organization was established in 2020. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Hilton Effect 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, Hilton Effect Foundation generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hilton Effect Foundation has awarded 64 individual grants totaling $3,760,226. 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 |
|---|---|---|---|
Alexander Shockley Until 512021 Foundation Manager | 40 | $33,536 | |
Catherine Linskey As Of 1012021 Foundation Director | 40 | $25,962 | |
Alan Watts Director | 0.25 | $0 | |
Michael Duffy Treasurer | 0.25 | $0 | |
Ian Carter Until 1222021 Director | 0.25 | $0 | |
Kevin Jacobs Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,569,173 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $85 |
| Total Revenue | $1,569,258 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $53,741 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,153 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $186 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,468 |
| Total operating and administrative expenses | $158,607 |
| Contributions, gifts, grants paid | $1,410,922 |
| Total expenses and disbursements | $1,569,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,956 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $396,614 |
| 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 | $0 |
| Total assets | $515,570 |
| Accounts payable and accrued expenses | $3,052 |
| Grants payable | $75,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $759 |
| Total liabilities | $78,811 |
Grants Awarded
Over the last fiscal year, Hilton Effect Foundation has awarded $1,868,826 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
Orlando, FL PURPOSE: 2021 ANNUAL GRANTS PROGRAM | $350,000 |
THE NATURE CONSERVANCY WORLDWIDE PURPOSE: 2022 ANNUAL GRANTS PROGRAM | $200,000 |
New York, NY PURPOSE: 2022 ANNUAL GRANTS PROGRAM | $150,000 |
Washington, DC PURPOSE: 2022 ANNUAL GRANTS PROGRAM | $150,000 |
Los Angeles, CA PURPOSE: 2021 ANNUAL GRANTS PROGRAM | $101,000 |
RISE AGAINST HUNGER PHILIPPINES PURPOSE: 2021 ANNUAL GRANTS PROGRAM | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |
Berry Charitable Foundation Greensboro, NC | $66,443,887 | $19,441,279 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Louisiana First Horizon Foundation Memphis, TN | $16,881,232 | $5,299 |
Richmond Community Foundation Inc Charlotte, NC | $38,277,506 | $4,248,751 |