Thomas Hill Hubbard Hh Franklin Foundation is located in Tucson, AZ. 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. Thomas Hill Hubbard Hh Franklin 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 12/2023, Thomas Hill Hubbard Hh Franklin Foundation generated $143.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $146.2k during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 8 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRE AND MAINTAIN OPERATING ASSETS OF A MUSEUM AND OPERATION OF A MUSEUM
OPERATE A GIFT SHOP IN THE MUSEUM WHICH SELLS ITEMS DIRECTLY RELATING TO THE HISTORY OF THE FRANKLIN CAR
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bourke Runton Executive Direc | 10 | $37,754 | |
Thomas Peterson Director | 0 | $0 | |
J Emery Barker Director | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $227 |
| Interest on Savings | $20 |
| Dividends & Interest | $81,423 |
| Net Rental Income | -$5,047 |
| Net Gain on Sale of Assets | $23,498 |
| Capital Gain Net Income | $23,498 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$406 |
| Other Income | $19,220 |
| Total Revenue | $143,417 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,754 |
| Other employee salaries and wages | $19,200 |
| Pension plans, employee benefits | $12,612 |
| Interest | $0 |
| Taxes | $4,357 |
| Depreciation | $14,390 |
| Occupancy | $5,568 |
| Travel, conferences, and meetings | $5,645 |
| Printing and publications | $0 |
| Other expenses | $28,451 |
| Total operating and administrative expenses | $146,168 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $146,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $115,438 |
| 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 | $10,415 |
| Prepaid expenses and deferred charges | $258 |
| Net Investments - land, buildings, equipment | $279,703 |
| Investments—mortgage loans | $0 |
| Investments—other | $438,082 |
| Net Land, buildings, and equipment | $169,322 |
| Other assets | $1,234,631 |
| Total assets | $2,962,330 |
| 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 | $1,129 |
| Total liabilities | $1,129 |