Skip to content
Nonprofiteer
← SARAH BONWELL HUDGINS FOUNDATION INC

Form 990 for tax year 2023

Filed by SARAH BONWELL HUDGINS FOUNDATION INC.

Totals

Total revenue
-$667,082
Total expenses
$415,813
Contributions and grants received
$28,543
Grants paid
$16,133
Program service revenue
$41,189
Investment income
-$736,814
Other revenue
$0
Total assets, end of year
$5,264,279
Total liabilities, end of year
$4,050
Net assets or fund balances, end of year
$5,260,229
Program services expenses (Part IX)
$319,325
Management and general expenses
$96,488
Fundraising expenses
$0
Program service expenses (Part III)
$319,325

Program services were 76.8% 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.

  • 1f · All other contributions, gifts and grants

    $28,543

  • 2a · Program service revenue: COMPLEX RENTAL

    total $41,189 · excluded $41,189

  • 3 · Investment income

    total $107,690 · excluded $107,690

  • 7a · Gross sales of assets other than inventory

    securities $170,793 · other assets $1,992,000

  • 7b · Less cost or other basis and sales expenses

    securities $122,841 · other assets $2,884,456

  • 7c · Gain or loss

    securities $47,952 · other assets -$892,456

  • 7d · Net gain or loss

    total -$844,504 · excluded -$844,504

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,133 · program services $16,133

  • 5 · Compensation of officers, directors and key employees

    total $101,261 · program services $60,757 · management and general $40,504

  • 7 · Other salaries and wages

    total $20,626 · program services $12,375 · management and general $8,251

  • 9 · Other employee benefits

    total $4,245 · program services $2,547 · management and general $1,698

  • 10 · Payroll taxes

    total $11,473 · program services $1,160 · management and general $10,313

  • 11b · Fees: legal

    total $6,500 · program services $3,705 · management and general $2,795

  • 11c · Fees: accounting

    total $33,923 · program services $19,318 · management and general $14,605

  • 12 · Advertising and promotion

    total $750 · program services $750

  • 20 · Interest

    total $11,471 · program services $11,471

  • 22 · Depreciation, depletion and amortization

    total $50,081 · program services $47,577 · management and general $2,504

  • 23 · Insurance

    total $12,087 · program services $8,224 · management and general $3,863

  • 24a · Other expenses: POST 140 EXPENSES

    total $110,851 · program services $110,851

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $13,411 · program services $7,242 · management and general $6,169

  • 24c · Other expenses: UTILITIES

    total $10,592 · program services $8,540 · management and general $2,052

  • 24d · Other expenses: MISCELLANEOUS

    total $4,408 · program services $2,865 · management and general $1,543

  • 24e · All other expenses

    total $8,001 · program services $5,810 · management and general $2,191

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $474,137 · end of year $227,738

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

    $3,935

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

    $3,662

  • 10c · Land, buildings and equipment, net

    beginning of year $2,901,675 · end of year $273

  • 11 · Investments: publicly traded securities

    beginning of year $2,825,142 · end of year $5,000,588

  • 15 · Other assets

    beginning of year $5,468 · end of year $35,680

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,821 · end of year $1,845

  • 23 · Secured mortgages and notes payable

    beginning of year $184,564

  • 25 · Other liabilities

    beginning of year $7,000 · end of year $2,205

  • 27 · Net assets without donor restrictions

    beginning of year $6,011,037 · end of year $5,260,229

Mission and programs · 2023

Mission

TO ENHANCE AND ELEVATE THE LIVES OF INDIVIDUALS WITH DISABILITIES ACROSS THE HAMPTON ROADS REGION IN VIRGINIA THROUGH SUSTAINABLE GIVING PROGRAMS.

  • TO ENHANCE AND ELEVATE THE LIVES OF INDIVIDUALS WITH DISABILITIES ACROSS THE HAMPTON ROADS REGION IN VIRGINIA THROUGH SUSTAINABLE GIVING PROGRAMS.

    Expenses $319,325 · Grants $16,133

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lorri Powers

    EXECUTIVE DI

    Total calculated
    $101,261
    From this org
    $101,261
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jennifer Register

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Andrew Sullivan

    FIRST VICE P

    Total calculated
    $0
    Hours/week
    1

  • Richard Bagley Jr

    SECOND VICE

    Total calculated
    $0
    Hours/week
    1

  • Herbert Green

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Sarah Puckett

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Minkoff

    ASSOCIATE TR

    Total calculated
    $0
    Hours/week
    1

  • Paul Babcock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kristi Chamberlain

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • George League

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Donald Swain

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ashley Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kirk Wall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2023
Filed
17 March 2024
IRS schema version
2023v6.0
Source object
202500859349300525

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

The source document this was parsed from is served over the API, which is where bulk and document access live.