Hamp Foundation Inc
- Assets
- $1.6m
- Revenue
- $398.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 01/2006
- Data as of
- 12/2023
- EIN
- 20-2059847
Organization Overview
Hamp Foundation Inc is located in Milwaukee, WI. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hamp Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Hamp Foundation Inc generated $398.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $212.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hamp Foundation Inc has awarded 40 individual grants totaling $745,637. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO CANDIDATES SELECTED IN CONNECTION WITH APPROVED SCHOLARSHIP PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dudley J Godfrey III President, Director | 1 | $0 | |
Anna M Geyso Vice-Pres/secy, Director | 1 | $0 | |
Adam P Godfrey Treasurer, Director | 1 | $0 | |
Sue E Christensen Asst. Secretary | 2 | $0 | |
Jeffrey S Billings Asst. Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $354,000 |
| Interest on Savings | $44,847 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $398,847 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $196 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $245 |
| Total operating and administrative expenses | $16,560 |
| Contributions, gifts, grants paid | $195,916 |
| Total expenses and disbursements | $212,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,560,985 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,560,985 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hamp Foundation Inc has awarded $195,916 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGIA HANCOCK PURPOSE: SCHOLARSHIP | $25,923 |
MATEO VEGA-RIVERA PURPOSE: SCHOLARSHIP | $25,721 |
ABIGAIL GANDRUD PURPOSE: SCHOLARSHIP | $25,818 |
MATTHEW CEELEN PURPOSE: SCHOLARSHIP | $25,944 |
CORINNE WRIGHT PURPOSE: SCHOLARSHIP | $18,451 |
KAYLEEANNA THAO PURPOSE: SCHOLARSHIP | $23,888 |