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Nonprofit · EIN 34-6514235

HCS FOUNDATION

Tax-exempt · WESTLAKE, OH 44145

Financials

$13.5M$10.3M2023$11.3M$10.2M2024
Revenue Expenses · by fiscal year end
Financials of HCS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$11,288,952$10,157,371$1,131,581$105,356,989$3,487$105,353,502
December 31, 2023990-PF$13,451,282$10,302,249$3,149,033$104,224,943$3,022$104,221,921
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$4,630,259
Interest
$200,226
Net gain from sales of assets
$6,457,415
Other income
$1,052

Expenses

Grants and similar amounts paid
$7,756,444
Compensation of officers, directors and key employees
$971,612
Salaries, compensation and benefits (total)
$249,721
Disbursements for charitable purposes
$9,310,549
Excise tax on investment income
$147,312

Balance sheet and other

Total assets, start of year
$104,224,943
Total assets, end of year
$105,356,989
Total liabilities, end of year
$3,487
Net assets, end of year
$105,353,502
Fair market value of assets
$213,189,273
Qualifying distributions
$9,310,549
Net investment income
$11,288,952

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
L THOMAS HILTZ
6650 MIRALAKE DRIVE, CINCINNATI, OH 45243
CHAIRMAN, TRUSTEE20.73$302,234
ALLISON H KROPP
4595 DRAKE ROAD, CINCINNATI, OH 45243
SECRETARY, TRUSTEE25.7$280,161
PETER S HILTZ
4 MADISON LANE, CINCINNATI, OH 45208
TRUSTEE16.42$163,123
CATE MASLA
1991 CROCKER ROAD 450, WESTLAKE, OH 44145
EXECUTIVE ASST /OFFI
Highest-paid employee
29.75$149,721
MICHAEL W SCHOTT
1884 MADISON ROAD, CINCINNATI, OH 45206
TREASURER, TRUSTEE13.99$149,238
JAMIE LAWRENCE
1991 CROCKER ROAD 450, WESTLAKE, OH 44145
OFFICE MANAGER
Highest-paid employee
33$100,000
FRANCIE S HILTZ
6650 MIRALAKE DRIVE, CINCINNATI, OH 45243
VICE CHAIRMAN, TRUSTEE6.27$76,856
990-PF for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
L THOMAS HILTZ
6650 MIRALAKE DRIVE, CINCINNATI, OH 45243
CHAIRMAN, TRUSTEE27.32$248,336
ALLISON H KROPP
4595 DRAKE ROAD, CINCINNATI, OH 45243
SECRETARY, TRUSTEE23.92$230,675
PETER S HILTZ
4 MADISON LANE, CINCINNATI, OH 45208
TRUSTEE20.8$182,487
CATE MASLA
1801 E NINTH STREET, CLEVELAND, OH 44114
EXECUTIVE ASST /OFFI
Highest-paid employee
29.75$143,439
MICHAEL W SCHOTT
1884 MADISON ROAD, CINCINNATI, OH 45206
TREASURER, TRUSTEE13.9$110,441
JAMIE LAWRENCE
1801 E NINTH STREET, CLEVELAND, OH 44114
OFFICE MANAGER
Highest-paid employee
33$95,580
FRANCIE S HILTZ
6650 MIRALAKE DRIVE, CINCINNATI, OH 45243
VICE CHAIRMAN, TRUSTEE10.06$90,255

Address and contacts

Address (IRS master file)
1991 CROCKER ROAD, WESTLAKE, OH 44145-6969
In care of
% L THOMAS HILTZ
Signed the 990-PF
L THOMAS HILTZ, PRESIDENT
Phone
(216) 781-3502
Return prepared by
PWC US TAX LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
34-6514235
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1961
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$105,356,989
Income (IRS master file)
$28,399,746

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$11,288,952$10,157,371$105,356,989XML
990-PFDecember 2023$13,451,282$10,302,249$104,224,943XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-6514235).

Questions about HCS FOUNDATION

What is the EIN of HCS FOUNDATION?
The employer identification number (EIN) of HCS FOUNDATION is 34-6514235.
Is HCS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
Are donations to HCS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does HCS FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of HCS FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HCS FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of HCS FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 7 people; 7 received compensation from the organization, the highest $302,234 (L THOMAS HILTZ, CHAIRMAN, TRUSTEE).
How much revenue does HCS FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $11,288,952, expenses of $10,157,371 and total assets of $105,356,989 at year end.

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