Hodge Family Foundation
- Assets
- $5.3m
- Revenue
- $1.7m
- Investments
- $4.0m
- Employees
- 0
- Location
- Iowa City, IA
- Founding
- Data as of
- 12/2023
- EIN
- 87-1388905
Organization Overview
Hodge Family Foundation is located in Iowa City, IA. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Hodge Family 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, Hodge Family Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (19.9%) each year. All expenses for the organization totaled $34.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Hodge Family Foundation has awarded 40 individual grants totaling $335,240. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hodge President | 1 | $0 | |
Julie Hodge Vice President | 1 | $0 | |
Jessica Reid Director | 1 | $0 | |
Emily Hammes Director | 1 | $0 | |
Molly Davin Director | 1 | $0 | |
Andy Hodge Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $860,071 |
| Interest on Savings | $0 |
| Dividends & Interest | $131,315 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $683,500 |
| Capital Gain Net Income | $698,632 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41,574 |
| Total Revenue | $1,716,460 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $670 |
| Total operating and administrative expenses | $19,060 |
| Contributions, gifts, grants paid | $15,600 |
| Total expenses and disbursements | $34,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,283,745 |
| 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 | $50,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,750,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,330,514 |
| 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, Hodge Family Foundation has awarded $15,600 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICA INLAND MISSION PURPOSE: MINISTRY WORK SUPPORT | $600 |
ARENACO PURPOSE: COMMUNITY DEVELOPMENT OF XTREAM ARENA & GREENSTATE FAMILY FIELDHOUSE | $3,000 |
CHIPPEWA VALLEY STREET MINISTRY PURPOSE: MINISTRY WORK SUPPORT | $250 |
CHRISTIAN FELLOWSHIP PURPOSE: MINISTRY WORK SUPPORT | $600 |
FAITH ACADEMY PURPOSE: MINISTRY WORK SUPPORT | $300 |
FIRST UNITED METHODIST CHURCH PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |