Hrbt Foundation

Hudson Bank & Trust Company Foundat

Hudson, NY
Tax-exempt since April 1999
EIN: 22-3595668

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Revenue

$5.42M (2025)

Expenses

$1.35M (2025)

Total Assets

$27.4M (2025)

Total Liabilities

$230k (2025)

Years with missing data

Source: Form 990 tax filings from 2011 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending March
2025

Revenue

$5,424,122

Expenses

$1,346,032

Net Income

$4,078,090

Net Assets

$27,169,794

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,000	3.7%
Interest Revenue	$42,578	0.8%
Dividends	$393,425	7.3%
Sales of Assets	$4,787,046	88.3%
Other Income	$1,073	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,092,416	81.2%
Compensation of Officers*	$80,795	6.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$27,399,794
Total Liabilities	$230,000
Net Assets	$27,169,794

Compensation

Key Employees and Officers	Compensation	Other
Kelly Firmbach (Manager)	$27,120	$0
Carl A Florio (President)	$10,000	$0
Marilyn Herrington (Director)	$7,500	$0
Tony Jones (Vice President)	$7,500	$0
Sid Richter (Treasurer)	$7,500	$0

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990-PF

Filed on July 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2024

Revenue

$2,646,944

Expenses

$1,391,648

Net Income

$1,255,296

Net Assets

$26,697,397

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	3.8%
Interest Revenue	$17,465	0.7%
Dividends	$352,554	13.3%
Sales of Assets	$2,176,018	82.2%
Other Income	$907	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,093,189	78.6%
Compensation of Officers*	$57,300	4.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$26,919,897
Total Liabilities	$222,500
Net Assets	$26,697,397

Compensation

Key Employees and Officers	Compensation	Other
Kelly Firmbach (Manager)	$17,424	$0
Carl A Florio (President)	$7,000	$0
Marilyn Herrington (Director)	$6,000	$0
Tony Jones (Vice President)	$6,000	$0
Joseph Phelan (Director)	$6,000	$0
Sid Richter (Treasurer)	$6,000	$0

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990-PF

Filed on July 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2023

Revenue

$1,224,007

Expenses

$145,070

Net Income

$1,078,937

Net Assets

$21,593,970

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	8.2%
Interest Revenue	$37,920	3.1%
Dividends	$329,833	26.9%
Sales of Assets	$756,254	61.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$642,028	> 100%
Compensation of Officers*	$108,837	75.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$21,686,785
Total Liabilities	$92,815
Net Assets	$21,593,970

Compensation

Key Employees and Officers	Compensation	Other
Holly Rappleyea (Secretary)	$77,837	$0
Carl A Florio (President)	$7,000	$0
Marilyn Herrington (Director)	$6,000	$0
Tony Jones (Vice President)	$6,000	$0
Joseph Phelan (Director)	$6,000	$0
Sid Richter (Treasurer)	$6,000	$0

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990-PF

Filed on Aug. 14, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2022

Revenue

$2,205,091

Expenses

$1,339,828

Net Income

$865,263

Net Assets

$24,533,365

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$201,169	9.1%
Interest Revenue	$10,972	0.5%
Dividends	$334,071	15.1%
Sales of Assets	$1,658,879	75.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$953,791	71.2%
Compensation of Officers*	$110,336	8.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$25,393,966
Total Liabilities	$860,601
Net Assets	$24,533,365

Compensation

Key Employees and Officers	Compensation	Other
Holly Rappleyea (Secretary)	$79,336	$0
Carl A Florio (President)	$7,000	$0
Marilyn Herrington (Director)	$6,000	$0
Tony Jones (Vice President)	$6,000	$0
Joseph Phelan (Director)	$6,000	$0
Sid Richter (Treasurer)	$6,000	$0

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990-PF

Filed on Dec. 21, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2021

Revenue

$1,317,869

Expenses

$1,043,788

Net Income

$274,081

Net Assets

$23,646,590

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$18,500	1.4%
Interest Revenue	$3,234	0.2%
Dividends	$307,272	23.3%
Sales of Assets	$988,863	75.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$984,272	94.3%
Compensation of Officers*	$105,250	10.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$24,379,839
Total Liabilities	$733,249
Net Assets	$23,646,590

Compensation

Key Employees and Officers	Compensation	Other
Holly Rappleyea (Secretary)	$74,250	$0
Marilyn Herrington (Director)	$6,200	$0
Tony Jones (Vice President)	$6,200	$0
Carl A Florio (President)	$6,200	$0
Joseph Phelan (Director)	$6,200	$0
Sid Richter (Treasurer)	$6,200	$0

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990-PF

Filed on Jan. 19, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2020

Revenue

$1,072,166

Expenses

$949,582

Net Income

$122,584

Net Assets

$13,956,963

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,374	0.1%
Interest Revenue	$37,950	3.5%
Dividends	$330,865	30.9%
Sales of Assets	$701,977	65.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$850,290	89.5%
Compensation of Officers*	$102,008	10.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,843,885
Total Liabilities	$886,922
Net Assets	$13,956,963

Compensation

Key Employees and Officers	Compensation	Other
Holly Rappleyea (Secretary)	$78,508	$0
Carl A Florio (President)	$5,500	$0
Marilyn Herrington (Director)	$4,500	$0
Tony Jones (Vice President)	$4,500	$0
Joseph Phelan (Director)	$4,500	$0
Sid Richter (Treasurer)	$4,500	$0

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990-PF

Filed on Nov. 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2019

Revenue

$1,251,987

Expenses

$1,594,180

Net Income

-$342,193

Net Assets

$16,903,630

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$13,500	1.1%
Interest Revenue	$54,417	4.3%
Dividends	$338,342	27.0%
Sales of Assets	$845,728	67.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$949,146	59.5%
Compensation of Officers*	$101,673	6.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,893,152
Total Liabilities	$989,522
Net Assets	$16,903,630

Compensation

Key Employees and Officers	Compensation	Other
Holly Rappleyea (Secretary)	$70,673	$0
Carl A Florio (President)	$7,000	$0
Marilyn Herrington (Director)	$6,000	$0
Tony Jones (Vice President)	$6,000	$0
Joseph Phelan (Director)	$6,000	$0
Sid Richter (Treasurer)	$6,000	$0

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990-PF

Filed on Dec. 16, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2018

Revenue

$828,549

Expenses

$1,044,053

Net Income

-$215,504

Net Assets

$17,696,495

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$22,940	2.8%
Interest Revenue	$39,926	4.8%
Dividends	$257,977	31.1%
Sales of Assets	$507,706	61.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$930,088	89.1%
Compensation of Officers*	$93,539	9.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,238,784
Total Liabilities	$542,289
Net Assets	$17,696,495

Compensation

Key Employees and Officers	Compensation	Other
Holly Rappleyea (Secretary)	$68,539	$0
Marilyn Herrington (Director)	$5,000	$0
Tony Jones (Vice President)	$5,000	$0
Carl A Florio (President)	$5,000	$0
Joseph Phelan (Director)	$5,000	$0
Sid Richter (Treasurer)	$5,000	$0

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990-PF

Filed on Dec. 10, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending March
2016

Revenue

$875,284

Expenses

$536,180

Net Income

$339,104

Net Assets

$13,690,959

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$25,316	2.9%
Dividends	$305,320	34.9%
Sales of Assets	$544,648	62.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$767,776	> 100%
Compensation of Officers*	$90,072	16.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,372,044
Total Liabilities	$681,085
Net Assets	$13,690,959

Compensation

Key Employees and Officers	Compensation	Other
Holly Rappleyea (Secretary)	$65,072	$0
Marilyn Herrington (President)	$5,000	$0
Tony Jones (Vice President)	$5,000	$0
Carl A Florio (Treasurer)	$5,000	$0
Joseph Phelan (Director)	$5,000	$0
Sid Richter (Director)	$5,000	$0

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990-PF

Filed on Sept. 29, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2015

Revenue

$1,134,806

Expenses

$736,685

Net Income

$398,121

Net Assets

$13,797,512

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,299	0.9%
Dividends	$387,221	34.1%
Sales of Assets	$737,286	65.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$782,937	> 100%
Compensation of Officers*	$85,000	11.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,875,164
Total Liabilities	$1,077,652
Net Assets	$13,797,512

Compensation

Key Employees and Officers	Compensation	Other
Holly Rappleyea (Secretary)	$60,000	$0
Marilyn Herrington (President)	$5,000	$0
Tony Jones (Vice President)	$5,000	$0
Carl A Florio (Treasurer)	$5,000	$0
Joseph Phelan (Director)	$5,000	$0
Sid Richter (Director)	$5,000	$0

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990-PF

Filed on Aug. 11, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2014

Revenue

$407,163

Expenses

$1,207,426

Net Income

-$800,263

Net Assets

$13,631,558

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,100	0.3%
Interest Revenue	$57,200	14.0%
Dividends	$315,696	77.5%
Sales of Assets	$33,167	8.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$681,667	56.5%
Compensation of Officers*	$82,692	6.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,918,661
Total Liabilities	$1,287,103
Net Assets	$13,631,558

Compensation

Key Employees and Officers	Compensation	Other
Holly Rappleyea (Secretary)	$57,692	$0
Marilyn Herrington (President)	$5,000	$0
Tony Jones (Vice President)	$5,000	$0
Carl A Florio (Treasurer)	$5,000	$0
Joseph Phelan (Director)	$5,000	$0
Sid Richter (Director)	$5,000	$0

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990-PF

Filed on Aug. 12, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2013

Revenue

$536,865

Expenses

$665,114

Net Income

-$128,249

Net Assets

$12,675,926

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$43,259	8.1%
Dividends	$319,577	59.5%
Sales of Assets	$174,029	32.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$732,671	> 100%
Compensation of Officers*	$87,500	13.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,590,256
Total Liabilities	$914,330
Net Assets	$12,675,926

990-PF

Filed on Jan. 14, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending March
2012

Revenue

$581,479

Expenses

$1,765,159

Net Income

-$1,183,680

Net Assets

$12,528,854

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$11,580	2.0%
Interest Revenue	$7,775	1.3%
Dividends	$390,215	67.1%
Sales of Assets	$169,176	29.1%
Other Income	$2,733	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$745,244	42.2%
Compensation of Officers*	$74,500	4.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,609,808
Total Liabilities	$1,080,954
Net Assets	$12,528,854

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending March
2011

Revenue

$634,217

Expenses

$619,751

Net Income

$14,466

Net Assets

$14,967,821

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$21,000	3.3%
Interest Revenue	$50,685	8.0%
Dividends	$381,433	60.1%
Sales of Assets	$175,465	27.7%
Other Income	$5,634	0.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$721,922	> 100%
Compensation of Officers*	$77,500	12.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,162,447
Total Liabilities	$194,626
Net Assets	$14,967,821

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Hrbt Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $5.42M (2025)

Expenses $1.35M (2025)

Total Assets $27.4M (2025)

Total Liabilities $230k (2025)

Tax Filings by Year

Fiscal Year Ending March 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending March 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending March 2013

Revenue

$5.42M (2025)

Expenses

$1.35M (2025)

Total Assets

$27.4M (2025)

Total Liabilities

$230k (2025)

Fiscal Year Ending March
2025

Fiscal Year Ending March
2024

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2023

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2022

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2021

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2020

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2019

Fiscal Year Ending March
2018

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2017

Fiscal Year Ending March
2016

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2015

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2014

Fiscal Year Ending March
2013

Fiscal Year Ending March
2012

Fiscal Year Ending March
2011

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2010

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2009

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2008

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2007

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2006

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2005

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2004

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2003

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2002

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2001