Grove W & Agnes M Hinman Charitable Foundation
- Assets
- $377.2k
- Revenue
- $9.9k
- Investments
- $309.9k
- Employees
- 0
- Location
- Hamilton, NY
- Founding
- 02/1973
- Data as of
- 04/2023
- EIN
- 23-7194828
Organization Overview
Grove W & Agnes M Hinman Charitable Foundation is located in Hamilton, NY. The organization was established in 1973. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grove W & Agnes M Hinman Charitable Foundation 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 04/2023, Grove W & Agnes M Hinman Charitable Foundation generated $9.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $28.2k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Grove W & Agnes M Hinman Charitable Foundation has awarded 133 individual grants totaling $114,450. 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
SCHOLARSHIPS (SEE STATEMENT 10) GRANTS (SEE STATEMENT 10)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank O White Jr Trustee | 5 | $0 | |
Susan Schapiro Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,688 |
| Dividends & Interest | $6,735 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$494 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,929 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36 |
| Total operating and administrative expenses | $4,494 |
| Contributions, gifts, grants paid | $23,750 |
| Total expenses and disbursements | $28,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,447 |
| Savings and temporary cash investments | $60,790 |
| 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 | $111 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $449 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,500 |
| Other assets | $0 |
| Total assets | $377,229 |
| Accounts payable and accrued expenses | $7,938 |
| Grants payable | $33,000 |
| 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 | $40,938 |
Grants Awarded
Over the last fiscal year, Grove W & Agnes M Hinman Charitable Foundation has awarded $23,750 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ABRAMSSUNY MORRISVILLE PURPOSE: SCHOLARSHIP | $500 |
AKERSSUNY ONEONTA PURPOSE: SCHOLARSHIP | $1,000 |
ANTHONYLEMOYNE COLLEGE PURPOSE: SCHOLARSHIP | $1,000 |
BAKERNAZARETH COLLEGE PURPOSE: SCHOLARSHIP | $1,000 |
BASHERCORNELL UNIVERSITY PURPOSE: SCHOLARSHIP | $500 |
DRAKELIBERTY UNIVERSITY PURPOSE: SCHOLARSHIP | $1,500 |