The Hut Foundation
- Assets
- $0.0
- Revenue
- $303.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 03/1998
- Data as of
- 10/2020
- EIN
- 94-3271246
Organization Overview
The Hut Foundation is located in Charlottesville, VA. The organization was established in 1998. 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.
For the year ending 10/2020, Hut Foundation generated $303.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 38.5% each year . All expenses for the organization totaled $1.3m during the year ending 10/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hut Foundation has awarded 81 individual grants totaling $1,598,721. 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 |
|---|---|---|---|
Alison Webb President | 2 | $0 | |
Elizabeth Hormel Director | 2 | $0 | |
Anne C Hormel Director | 2 | $0 | |
Thomas Everett Treasurer | 2 | $0 | |
James C Hormel Jr Director | 2 | $0 | |
Aven Hormel- Kinley Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,500 |
| Interest on Savings | $62 |
| Dividends & Interest | $17,647 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $281,621 |
| Capital Gain Net Income | $281,621 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $303,830 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,045 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,800 |
| Total operating and administrative expenses | $25,912 |
| Contributions, gifts, grants paid | $1,253,721 |
| Total expenses and disbursements | $1,279,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $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 | $0 |
| 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, The Hut Foundation has awarded $1,253,721 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY ART MUSEM PURPOSE: TO PROVIDE KNOWLEDGE, PRACTICE, AND APPRECIATION OF THE ARTS AND TO ENHANCE CULTURAL LIFE ON THE EASTERN SHORE OF EASTON MD. | $10,000 |
BOYS AND GIRLS CLUB OF CENTRAL VIRGINIA PURPOSE: YOUTH DEVELOPMENT PROGRAMS FOR BOYS AND GIRLS OF CENTRAL VIRGINIA, INCLUDING A SUMMER READING AND OTHER EDUCATIONAL PROGRAMS. | $5,000 |
BOYS AND GIRLS CLUB OF CENTRAL VIRGINIA PURPOSE: ADDITIONAL FUNDING FOR YOUTH DEVELOPMENT PROGRAMS FOR BOYS AND GIRLS OF CENTRAL VIRGINIA, INCLUDING A SUMMER READING AND OTHER EDUCATIONAL PROGRAMS. | $65,000 |
CHARLOTTESVILLE AREA COMMUNITY FOUNDATION PURPOSE: MAKING RECOVERY AND CATALYST GRANTS TO NONPROFIT ORGANIZATION | $25,000 |
CHESAPEAKE WILDLIFE HERITAGE INC PURPOSE: DEDICATED TO RESTORING, MANAGING AND PROTECTING WILDLIFE HABITAT AND ESTABLISHING A MORE SUSTAINABLE AGRICULTURE THROUGH EDUCATION AND RESEARCH IN PARTNERSHIP WITH PUBLIC AND PRIVATE LANDOWNERS. | $25,000 |
CHI ALPHA CHRISTIAN FELLOWSHIP AT UNIVERSITY OF VIRGINIA PURPOSE: INTERNATIONAL AND INTERDENOMINATIONAL STUDENT CHRISTIAN FELLOWSHIP ON COLLEGE CAMPUSES, OPEN TO COLLEGE STUDENTS OF ALL BACKGROUNDS. | $15,000 |