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Nonprofiteer
← HUDSON COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by HUDSON COMMUNITY FOUNDATION.

Totals

Total revenue
$8,943,803
Total expenses
$6,040,568
Contributions and grants received
$7,949,026
Grants paid
$5,486,787
Program service revenue
$0
Investment income
$868,551
Other revenue
$126,226
Total assets, end of year
$35,803,664
Total liabilities, end of year
$1,112,818
Net assets or fund balances, end of year
$34,690,846
Program services expenses (Part IX)
$5,795,949
Management and general expenses
$218,486
Fundraising expenses
$26,133
Program service expenses (Part III)
$5,795,949

Program services were 96.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $41,700

  • 1f · All other contributions, gifts and grants

    $7,907,326

  • 1g · Noncash contributions included above

    $4,781,987

  • 3 · Investment income

    total $868,551 · excluded $868,551

  • 8a · Fundraising events: gross income

    $214,890

  • 8a · Fundraising events: contributions included on line 1c

    $41,700

  • 8b · Fundraising events: direct expenses

    $89,562

  • 8c · Net income from fundraising events

    total $125,328 · excluded $125,328

  • 11a · Other revenue: MISCELLANEOUS

    total $898 · excluded $898

  • 11e · Other revenue, total

    $898

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,486,787 · program services $5,486,787

  • 5 · Compensation of officers, directors and key employees

    total $109,131 · program services $38,196 · management and general $65,479 · fundraising $5,456

  • 7 · Other salaries and wages

    total $49,753 · program services $17,413 · management and general $29,852 · fundraising $2,488

  • 9 · Other employee benefits

    total $8,400 · program services $2,940 · management and general $5,040 · fundraising $420

  • 10 · Payroll taxes

    total $14,150 · program services $4,953 · management and general $8,489 · fundraising $708

  • 11c · Fees: accounting

    total $14,630 · program services $5,852 · management and general $8,778

  • 11f · Fees: investment management

    total $194,652 · program services $194,652

  • 11g · Fees: other

    total $7,116 · program services $2,693 · management and general $4,423

  • 12 · Advertising and promotion

    total $19,297 · management and general $19,297

  • 13 · Office expenses

    total $23,252 · program services $4,907 · management and general $16,618 · fundraising $1,727

  • 14 · Information technology

    total $33,311 · program services $11,659 · management and general $18,321 · fundraising $3,331

  • 16 · Occupancy

    total $46,323 · program services $11,581 · management and general $23,161 · fundraising $11,581

  • 23 · Insurance

    total $21,033 · program services $10,517 · management and general $10,516

  • 24a · Other expenses: MISCELLANEOUS

    total $8,442 · program services $3,799 · management and general $4,221 · fundraising $422

  • 24b · Other expenses: COMMUNITY EVENTS

    total $4,291 · management and general $4,291

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,035,772 · end of year $4,286,031

  • 3 · Pledges and grants receivable

    beginning of year $173,521 · end of year $133,354

  • 10a · Land, buildings and equipment: cost or other basis

    $160,899

  • 10b · Land, buildings and equipment: accumulated depreciation

    $160,899

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $27,279,252 · end of year $31,384,279

  • 17 · Accounts payable and accrued expenses

    beginning of year $80,114 · end of year $9,577

  • 19 · Deferred revenue

    beginning of year $14,549 · end of year $15,174

  • 25 · Other liabilities

    beginning of year $924,175 · end of year $1,088,067

  • 27 · Net assets without donor restrictions

    beginning of year $28,566,387 · end of year $33,806,662

  • 28 · Net assets with donor restrictions

    beginning of year $903,320 · end of year $884,184

Mission and programs · 2024

Mission

FOUNDED IN 2000, HUDSON COMMUNITY FOUNDATION'S MISSION IS TO ENHANCE THE OVERALL QUALITY OF LIFE IN THE HUDSON AREA BY INCREASING CHARITABLE GIVING, EDUCATING, AND CONNECTING DONORS TO COMMUNITY NEEDS AND LEADING ON COMMUNITY ISSUES. THE FOUNDATION, SUPPORTED BY HUNDREDS OF LOCAL DONORS AND DONOR ADVISED FUNDS, OPERATES FROM AN OFFICE IN THE HISTORIC BALDWIN HOUSE ON HUDSON'S VILLAGE GREEN AND IS GOVERNED BY A VOLUNTEER BOARD OF DIRECTORS AND LED BY A PROFESSIONAL STAFF.

  • IN 2024, HUDSON COMMUNITY FOUNDATION ADMINISTERED OVER $27 MILLION IN DONOR CHARITABLE FUNDS, WITH DONORS RECOMMENDING MORE THAN $5 MILLION IN GRANTS TO APPROXIMATELY 1,000 CHARITABLE ORGANIZATIONS LOCALLY AND ACROSS THE COUNTRY. THROUGH ITS COMMUNITY IMPACT INITIATIVES, THE FOUNDATION ALSO AWARDED $54,000 IN GRANTS TO SUPPORT LOCAL NONPROFIT PROGRAMS ADDRESSING NEEDS AND ENHANCING QUALITY OF LIFE IN HUDSON. IN ADDITION, THE FOUNDATION PROVIDED GUIDANCE AND SUPPORT TO EMERGING NONPROFIT ORGANIZATIONS TO HELP STRENGTHEN CHARITABLE EFFORTS IN THE COMMUNITY.

    Expenses $5,795,949 · Grants $5,486,787

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bill Currin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Bill Sedlacek

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • Brad Wright

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • David Schweighoefer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Dexter James

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Jan Gusich

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Jason Bogniard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Jenesa Lukac

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Jim Sluzewski

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • John Archer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Karin Stifler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Lindsay Baran

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Lisa Radigan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Michelle Ciancio

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Nick Buzzelli

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Patricia Myers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Paul Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Sharon Whitacre

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Tom Speaks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Amy Jordan

    PRESIDENT

    Total calculated
    $109,131
    From this org
    $109,131
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202533159349304808

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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