Oak Hill Foundation Inc
- Assets
- $142.1m
- Revenue
- $15.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 12/2006
- Data as of
- 06/2021
- EIN
- 86-1169503
Organization Overview
Oak Hill Foundation Inc is located in Hartford, CT. The organization was established in 2006. According to its NTEE Classification (O11) the organization is classified as: Single Organization Support, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Hill Foundation Inc 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 06/2021, Oak Hill Foundation Inc generated $15.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $5.7m during the year ending 06/2021. While expenses have increased by 2.7% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE OAK HILL FOUNDATION IS TO DEVELOP, PRUDENTLY MANAGE AND DISBURSE FINANCIAL RESOURCES TO SUPPORT OAK HILL PROGRAMS AND SERVICES THAT ENHANCE THE QUALITY OF LIFE, MOBILITY, INDEPENDENCE AND (SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OAK HILL FOUNDATION'S MISSION IS TO DEVELOP, MANAGE AND DISBURSE FINANCIAL RESOURCES TO SUPPORT OAK HILL PROGRAMS THAT ENHANCE THE QUALITY OF LIFE, MOBILITY, INDEPENDENCE AND EMPLOYABILITY OF PEOPLE WITH DISABILITIES.
THE OAK HILL FOUNDATION'S MISSION IS TO DEVELOP, MANAGE AND DISBURSE FINANCIAL RESOURCES TO SUPPORT OAK HILL PROGRAMS THAT ENHANCE THE QUALITY OF LIFE, MOBILITY, INDEPENDENCE AND EMPLOYABILITY OF PEOPLE WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Joss Vice Chairma | OfficerTrustee | 0.5 | $0 |
Matthew Zewinski Chairman | OfficerTrustee | 0.5 | $0 |
Gayle Wintjen Gen. Counsel | Officer | 1 | $0 |
Barry M Simon President & | Officer | 1 | $0 |
Christine D Leiby Treasurer & | Officer | 1 | $0 |
Adam Cohen Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,132,621 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,132,621 |
| Total Program Service Revenue | $0 |
| Investment income | $3,227,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,142,172 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,501,969 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,851,930 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $384,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $438,332 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,674,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,811 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $600,000 |
| Accounts receivable, net | $253,947 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $141,245,252 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $142,145,010 |
| Accounts payable and accrued expenses | $1,543,392 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,543,392 |
| Net assets without donor restrictions | $77,351,545 |
| Net assets with donor restrictions | $63,250,073 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $142,145,010 |
Grants Awarded
Over the last fiscal year, Oak Hill Foundation Inc has awarded $4,345,572 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Hartford, CT PURPOSE: TO FULFILL THE MISSION OF THE OAK HILL FOUNDATION. | $4,245,572 |
Hartford, CT PURPOSE: TO FULFILL THE MISSION OF THE HARTFORD FOUNDATION FOR PUBLIC GIVING | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oak Hill Foundation Inc has recieved totaling $600.
| Awarding Organization | Amount |
|---|---|
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $600 |
Endowment Analysis
| Beg. Balance | $112,530,940 |
| Earnings | $32,628,327 |
| Net Contributions | $743,678 |
| Other Expense | $4,851,930 |
| Ending Balance | $141,051,015 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The American Friends Of Migdal Ohr New York, NY | $3,730,032 | $10,984,371 |
Oak Hill Foundation Inc Hartford, CT | $142,145,010 | $15,501,969 |
Wakeman Boys And Girls Club Corporation Fairfield, CT | $0 | $0 |
Big Brothers Big Sisters Of Long Island Donation Center Inc Islandia, NY | $6,798,757 | $4,499,904 |
Girl Effect Inc New York, NY | $8,038,131 | $10,243,411 |
Boy Scouts Of America Mohegan Lake, NY | $5,034,510 | $744,573 |
Boy Scouts Of America Mohegan Lake, NY | $3,955,009 | $347,240 |
Roca Pallin Youth Center Inc Chelsea, MA | $6,602,036 | $2,128,214 |
Boys & Girls Club Of Pawtucket Support Corporation Pawtucket, RI | $9,165,500 | -$74,151 |
Skaneateles Recreational Charitable Tr Skaneateles, NY | $8,974,564 | $26,706 |
Madison Square Boys & Girls Club Foundation Inc New York, NY | $837,954 | $382,032 |
Sisters Unchained Inc Jamaica Plain, MA | $256,589 | $194,833 |