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← JUDD HILL FOUNDATION

Form 990 for tax year 2024

Filed by JUDD HILL FOUNDATION.

Totals

Total revenue
$1,159,809
Total expenses
$1,260,486
Contributions and grants received
$0
Grants paid
$770,500
Program service revenue
$1,132,485
Investment income
$27,324
Other revenue
$0
Total assets, end of year
$32,510,140
Total liabilities, end of year
$712,364
Net assets or fund balances, end of year
$31,797,776
Program services expenses (Part IX)
$1,043,151
Management and general expenses
$217,335
Fundraising expenses
$0
Program service expenses (Part III)
$1,043,151

Program services were 82.8% 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.

  • 2a · Program service revenue: FARM REVENUE

    total $1,132,485 · related or exempt $1,132,485

  • 3 · Investment income

    total $27,324 · excluded $27,324

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $770,500 · program services $770,500

  • 11a · Fees: management

    total $200,000 · management and general $200,000

  • 11b · Fees: legal

    total $450 · management and general $450

  • 11c · Fees: accounting

    total $10,885 · management and general $10,885

  • 11g · Fees: other

    total $36,550 · program services $30,550 · management and general $6,000

  • 13 · Office expenses

    total $1,950 · program services $1,950

  • 16 · Occupancy

    total $49,215 · program services $49,215

  • 20 · Interest

    total $34,896 · program services $34,896

  • 22 · Depreciation, depletion and amortization

    total $53,124 · program services $53,124

  • 23 · Insurance

    total $58,709 · program services $58,709

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $39,805 · program services $39,805

  • 24b · Other expenses: SEED

    total $2,686 · program services $2,686

  • 24c · Other expenses: SUPPLIES

    total $630 · program services $630

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $545 · program services $545

  • 24e · All other expenses

    total $541 · program services $541

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,170,119 · end of year $1,059,976

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,651 · end of year $6,135

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

    $32,460,439

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

    $1,017,885

  • 10c · Land, buildings and equipment, net

    beginning of year $26,541,679 · end of year $31,442,554

  • 15 · Other assets

    beginning of year $1,475 · end of year $1,475

  • 23 · Secured mortgages and notes payable

    beginning of year $775,472 · end of year $712,364

  • 29 · Capital stock, trust principal or current funds

    beginning of year $26,951,133 · end of year $31,898,453

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$6,681 · end of year -$100,677

Mission and programs · 2024

Mission

AGRICULTURAL RESEARCH, EDUCATION AND RURAL HEALTH CARE

  • OPERATED A FARM FOR RESEARCH AND EDUCATIONAL PURPOSES; CONTRIBUTED 420,500 TO ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION, INC.,AND CONTRIBUTED 350,000 TO THE UNIVERSITY OF ARKANSAS FOUNDATION, INC.

    Expenses $1,043,151 · Grants $770,500 · Revenue $1,132,487

As filed on the 2024 return.

Listed in Part VII

  • MICHAEL GIBSON

    TRUSTEE

    Total calculated
    $200,000
    From this org
    $200,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $200,000

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
28 April 2025
IRS schema version
2024v5.0
Source object
202511349349306706

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