Hunter Foundation FY2023 filing

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EIN 54-0801148 Private foundation / grantmaker Virginia Beach, VA
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$562K
FY2023▲ +67%
Expenses
$472K
FY2023▲ +10%

Form 990 for the fiscal year ending November 2023 (IRS tax year 2022).


A private foundation based in Virginia Beach, VA. For fiscal year 2023 it reported $562K in revenue, $472K in expenses, and $2.4M in net assets.Pt I

Type
Private foundation / grantmaker · Nonprofit
Location
Virginia Beach, VA
Filings
6 on file (2020–2023)
Revenue
$562KFY2023
Expenses
$472K
Net assets
$2.4M
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Provided by the organization

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Size
$100K–1M
What they do
A private foundation based in Virginia Beach, VA.
Money in and out
$562K revenue, $472K expenses
Bottom line
—

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

NEUTRAL

Not on file

Program vs. overhead split is not on file for this EIN's most recent filing. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +67% vs prior year

Revenue band $100K–1M, +67% versus the prior filing year (up). See detail →

Grants paid & assets · FY2023
Total revenue
$562K
Pt VIII · Ln 12
Total expenses
$472K
Pt IX · Ln 25
Net assets
$2.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $90K
Total assets
2.4M
deployed as grants and operations

Summary of the Filing

Part I · fiscal year 2023 · Form 990-PF
Total assets
$2.4M
FY2023▲ +4%
Total liabilities
$130
FY2023▼ -95%
Total assetsPt II$2.4M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CHunter Foundation
EINHdr · item D54-0801148
Principal addressHdr · item CVirginia Beach, VA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 1967

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Hunter Foundation executive salaries →

Statement of Revenue

Part VIII
Investment income$555K · 99%
Contributions & grants$6K · 1%
Investment income99%$555K
Contributions & grants1%$6K
Other revenue$2K
Total revenueLn 12$562K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Operating & administrative $1.00
Operating & administrative100%$472K
Total functional expensesLn 25$472K

Balance Sheet

Part X · end of year
CashLn 1$17K
Total assetsLn 16$2.4M
Total liabilitiesLn 26$130
Total net assetsLn 32$2.4M
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $2.4M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $562K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $562K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $562K · Prior year $336K
+67%
Net-asset trend (YoY)
End of year $2.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $562K · Expenses $472K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $2.4M
—
Net-asset ratio
Net assets $2.4M · Total assets $2.4M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $472K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 67%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$444K revenue · ⤓ 990 PDF
FY2024$444K revenue · ⤓ 990 PDF
FY2023$562K revenue · viewing · ⤓ 990 PDF
FY2022$336K revenue · ⤓ 990 PDF
FY2021$576K revenue · ⤓ 990 PDF
FY2020$368K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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