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The Hodges Foundation EIN 75-6329970 Form 990 (PDF) Claim this org

The Hodges Foundation

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A private foundation based in Abilene, TX. It reported about $117K in revenue for 2024. For fiscal year 2024 it reported $117K in revenue, $96K in expenses, and $1.2M in net assets.Pt I

Type
Private foundation / grantmaker · Nonprofit
Location
Abilene, TX
Website
www.hodgesfoundation.com
Filings
5 on file (2020–2024)
Revenue
$117KFY2024
Expenses
$96K
Net assets
$1.2M
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  75-6329970 Private foundation / grantmaker Abilene, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Abilene, TX. It reported about $117K in revenue for 2024.
Leadership
Charisse Pruett · Director
Money in and out
$117K revenue, $96K expenses
Bottom line
—
Grants paid & assets · FY2024
Total revenue
$117K
Pt VIII · Ln 12
Total expenses
$96K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $21K
Total assets
1.2M
deployed as grants and operations
Grants paid
68K
in FY2024
Grants made
21grants
total in period
Payout rate
6%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 21 grants · $68K · 2024–2024
Fellowship of Christian Firefighters InternationalVA · FY2024$30,000
The Mentoring AllianceTX · FY2024$10,000
Abilene PhilharmonicFY2024$5,000
Jack Brewer FoundationFL · FY2024$3,400
Freedom HouseFY2024$2,200
Young LifeCO · FY2024$2,000
Pine Cove Christian CampFY2024$1,800
Salvation ArmyFY2024$1,500
Noroc INCTX · FY2024$1,500
Josh McDowell MinistryFY2024$1,300
Paramount TheatreFY2024$1,200
Wipe Diseases FoundationFY2024$1,000
Regional Victim CrisisFY2024$1,000
Open DoorFY2024$1,000
Noah ProjectFY2024$1,000
Love and Care MinistriesFY2024$1,000
Christian Service CenterFY2024$1,000
Beltway BaptistFY2024$1,000
See all 21 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV5
Average grantPart XV$3K
Median grantPart XV$1K
Largest grantPart XV$30K
Top cause focusNTEEYouth Development (10%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$117K
FY2024▲ +61%
Expenses
$96K
FY2024▲ +10%
Total assets
$1.2M
FY2024▲ +2%
Total liabilities
$0
FY2024
Total revenue
$117K
Pt VIII · Ln 12
Total expenses
$96K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Total assetsPt II$1.2M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Hodges Foundation
EINHdr · item D75-6329970
Principal addressHdr · item CAbilene, TX
WebsiteHdr · item Jwww.hodgesfoundation.com
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1986

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
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Hodges Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income$115K · 99%
Other revenue$2K · 1%
Investment income99%$115K
Other revenue1%$2K
Total revenueLn 12$117K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.71 Operating & administrative $0.29
Grants & contributions paid71%$68K
Operating & administrative29%$28K
Total functional expensesLn 25$96K

Balance Sheet

Part X · end of year
CashLn 1$15K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.2M
Months of cash on handcomputed1.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.2M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $117K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $117K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $117K · Prior year $72K
+61%
Revenue CAGR
FY2020 $141K · FY2024 $117K
-5%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $117K · Expenses $96K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
—
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
100%
People & payroll
Highest Reported Total Compensation
Individual Charisse Pruett · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $96K
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 61%——

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
FY2024 (Latest)$117K revenue · viewing · ⤓ 990 PDF
FY2023$72K revenue · ⤓ 990 PDF
FY2022$109K revenue · ⤓ 990 PDF
FY2021$156K revenue · ⤓ 990 PDF
FY2020$141K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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