Cecil A And Mabel Lene Hamman Foundation Inc
- Assets
- $16.6m
- Revenue
- $3.3m
- Investments
- $16.5m
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 08/2008
- Data as of
- 12/2023
- EIN
- 26-2724931
Organization Overview
Cecil A And Mabel Lene Hamman Foundation Inc is located in Evansville, IN. The organization was established in 2008. 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. Cecil A And Mabel Lene Hamman 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, Cecil A And Mabel Lene Hamman Foundation Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 46.3% each year . All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 9.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cecil A And Mabel Lene Hamman Foundation Inc has awarded 359 individual grants totaling $6,091,535. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wilfred C Bussing III President | 3 | $0 | |
Steven G Kuester Vice President | 4 | $0 | |
Patrick A Rayburn Secretary-Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $510 |
| Dividends & Interest | $390,345 |
| Net Rental Income | $6,400 |
| Net Gain on Sale of Assets | $2,883,181 |
| Capital Gain Net Income | $2,883,181 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,280,436 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,309 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,834 |
| Contributions, gifts, grants paid | $2,335,545 |
| Total expenses and disbursements | $2,346,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,698 |
| 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 | $1,000,000 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,624,499 |
| 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, Cecil A And Mabel Lene Hamman Foundation Inc has awarded $2,335,545 in support to 95 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG LIFE PURPOSE: GENERAL OPERATING EXPENSE | $5,000 |
WESSELMAN NATURE SOCIETY INC PURPOSE: CAPITAL CAMPAIGN | $800,000 |
YOUNG MENS CHRISTIAN ASSOCIATION PURPOSE: GENERAL OPERATING EXPENSE | $54,000 |
YOUTH FIRST INC PURPOSE: GENERAL OPERATING EXPENSE | $75,000 |
WELBORN BAPTIST FOUNDATION PURPOSE: GENERAL OPERATING EXPENSE | $15,000 |
VICTORY TEMPLE CHURCH OF EVANSVILLE PURPOSE: GENERAL OPERATING EXPENSE | $7,000 |