Alice D Hamling Inc
- Assets
- $504.4k
- Revenue
- $39.1k
- Investments
- $455.1k
- Employees
- 0
- Location
- College Park, GA
- Founding
- 11/2012
- Data as of
- 12/2023
- EIN
- 45-4596959
Organization Overview
Alice D Hamling Inc is located in College Park, GA. The organization was established in 2012. 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. Alice D Hamling 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, Alice D Hamling Inc generated $39.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $121.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Alice D Hamling Inc has awarded 183 individual grants totaling $674,946. 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
PROVIDED FUNDS FOR VARIOUS SCHOLARSHIPS. AMOUNTS PAID UNDER THIS PROGRAM ARE PAID DIRECTLY TO THE INSTITUTION. SEE PART XV.
SUPPORT TO OTHER NONPROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James L Hamling Director | 1 | $0 | |
Timothy J Hamling Director | 3 | $0 | |
Kathleen M Wassiliew Director | 3 | $0 | |
Thomas W Hamling Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $43,200 |
| Interest on Savings | $212 |
| Dividends & Interest | $13,857 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$18,157 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,085 |
| Total operating and administrative expenses | $7,468 |
| Contributions, gifts, grants paid | $113,775 |
| Total expenses and disbursements | $121,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,340 |
| 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 | $504,425 |
| 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, Alice D Hamling Inc has awarded $113,775 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA CAMP SEAFARER PURPOSE: SCHOLARSHIP FUND | $5,075 |
COLLEGE TRACKS PURPOSE: SUPPORT STAFF | $26,000 |
ABIGAIL DERBIE CO UNIV OF MD BALTI PURPOSE: SCHOLARSHIP | $1,300 |
ALLISON SIERRA CO WASH ADVENTIST U PURPOSE: SCHOLARSHIP | $1,600 |
AMENE ERESSA CO UNIV OF MARYLAND PURPOSE: SCHOLARSHIP | $1,000 |
ANH LE CO UNIV OF MARYLAND PURPOSE: SCHOLARSHIP | $600 |