Hough Foundation
- Assets
- $675.5k
- Revenue
- $330.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Vancouver, WA
- Founding
- 08/1992
- Data as of
- 06/2023
- EIN
- 94-3160811
Organization Overview
Hough Foundation is located in Vancouver, WA. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2023, Hough Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hough 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 06/2023, Hough Foundation generated $330.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $319.5k during the year ending 06/2023. While expenses have increased by 2.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROGRAMS FOR CHILDREN; STRENGTHEN SCHOOL AND COMMUNITY RELATIONSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND SUPPORT OF PROGRAMS TO ENHANCE THE LIVES OF CHILDREN IN THE HOUGH NEIGHBORHOOD, IMPROVE COMMUNITY RELATIONSHIPS, STRENGTHEN SCHOOL/COMMUNITY PARTNERSHIPS. PROVIDED EMERGENCY RENTAL ASSISTANCE TO HOUGH SCHOOL CHILDREN AND THEIR FAMILIES. ADDED AN AFTER-SCHOOL BAND PROGRAM. EXPANDED SERVICES TO INCLUDE SMALL GROUP SESSIONS WITH SPECIAL NEEDS CHILDREN. PROGRAMS OPERATED VIRTUALLY THIS FISCAL YEAR DUE TO COVID-19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Hurt Secretary | OfficerTrustee | 10 | $16,017 |
Trina Latshaw Vice Chairperson | OfficerTrustee | 1 | $0 |
John Laughlin Chairperson | OfficerTrustee | 1 | $0 |
Paul Christensen Member | Trustee | 1 | $0 |
Jennifer Kenney Member | Trustee | 1 | $0 |
Bill Hibbs Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $172,100 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,393 |
| Noncash contributions included in lines 1a–1f | $1,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,493 |
| Total Program Service Revenue | $0 |
| Investment income | $51,489 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$49,574 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $330,408 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $106,568 |
| Compensation of current officers, directors, key employees. | $10,657 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,696 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,463 |
| Advertising and promotion | $1,930 |
| Office expenses | $272 |
| Information technology | $5,424 |
| Royalties | $0 |
| Occupancy | $6,175 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,462 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,679 |
| All other expenses | $1,079 |
| Total functional expenses | $319,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,685 |
| Savings and temporary cash investments | $27,391 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $533,439 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $675,515 |
| Accounts payable and accrued expenses | $11,953 |
| 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 | $11,953 |
| Net assets without donor restrictions | $661,284 |
| Net assets with donor restrictions | $2,278 |
| 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 | $675,515 |
Grants Awarded
Over the last fiscal year, Hough Foundation has awarded $69,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
VANCOUVER SYMPHONY ORCHESTRA PURPOSE: DONATE PORTION OF PROCEEDS FROM CONDOMINIUM SALE TO FURTHER GOALS OF DONEE ORGANIZATION. | $17,250 |
FT VANCOUVER NATIONAL TRUST GENERAL O O HOWARD HOUSE PURPOSE: DONATE PORTION OF PROCEEDS FROM CONDOMINIUM SALE TO FURTHER GOALS OF DONEE ORGANIZATION. | $17,250 |
IDENTITY CLARK COUNTY PURPOSE: DONATE PORTION OF PROCEEDS FROM CONDOMINIUM SALE TO FURTHER GOALS OF DONEE ORGANIZATION. | $10,000 |
SW WASHINGTON CENTER FOR THE ARTS PURPOSE: DONATE PORTION OF PROCEEDS FROM CONDOMINIUM SALE TO FURTHER GOALS OF DONEE ORGANIZATION. | $25,000 |