Hmshost Foundation Inc
- Assets
- $752.1k
- Revenue
- $593.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 08/2015
- Data as of
- 12/2021
- EIN
- 47-4494775
Organization Overview
Hmshost Foundation Inc is located in Bethesda, MD. The organization was established in 2015. According to its NTEE Classification (T30) the organization is classified as: Public 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. Hmshost 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 12/2021, Hmshost Foundation Inc generated $593.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $612.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Hmshost Foundation Inc has awarded 139 individual grants totaling $2,222,200. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FIGHT POVERTY WITH FOOD, SHELTER, EDUCATION, AND WORKFORCE DEVELOPMENT OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUND LOCAL CHARITIES THAT FIGHT POVERTY THROUGH GRANTS.
HMSHOST FOUNDATION, INC. (THE "FOUNDATION") ESTABLISHED THE HMSHOST CARES FUND (THE "FUND") IN 2017 TO HELP EMPLOYEES OF HMSHOST CORPORATION, INC. (THE "CORPORATION") AND ITS AFFILIATES AND THE FAMILIES OF SUCH EMPLOYEES. HMSHOST CARES IS AN EMPLOYEE ASSISTANCE FUND DESIGNED TO PROVIDE FINANCIAL RELIEF FOR QUALIFIED INCIDENTS. HMSHOST CARES RECEIVES CONTRIBUTIONS AND IS PRIMARILY FUNDED BY HMSHOST ASSOCIATES IN ORDER TO HELP FELLOW ASSOCIATES IN CRISIS. THE COMPANY CREATED THE PROGRAM AND CONTRIBUTED INITIAL FUNDING. PAYMENTS TO EMPLOYEES ARE NOT TAXABLE TO THE EMPLOYEE; HOWEVER, EMPLOYEE CONTRIBUTIONS TO THE FUND ARE ELIGIBLE FOR A CHARITABLE DEDUCTION.THE FOUNDATION REQUIRES THAT EACH EMPLOYEE APPLYING FOR ASSISTANCE FROM THE FUND DEMONSTRATE AN IMMEDIATE NEED BEFORE A GRANT IS MADE TO SUCH EMPLOYEE. THUS, EMPLOYEES MUST PROVIDE A PERSONAL FINANCIAL STATEMENT DETAILING THE MONTHLY FINANCES OF THE EMPLOYEE AND HIS/HER FAMILY. IN ADDITION, THE EMPLOYEE MUST DESCRIBE THE INCIDENT AND HOW IT IS CAUSING FINANCIAL HARDSHIP FOR THE EMPLOYEE AND HIS/HER FAMILY AND ATTACH APPROPRIATE DOCUMENTATION TO SHOW PROOF OF THE FINANCIAL HARDSHIP. IF THE EMPLOYEE REQUESTS THAT THE FOUNDATION PAY BILLS ON BEHALF OF THE EMPLOYEE, THE FOUNDATION REQUIRES A COPY OF THE BILL. APPLICATIONS FOR ASSISTANCE FROM THE FUND ARE REVIEWED BY AN INDEPENDENT SELECTION COMMITTEE WHICH CONSISTS OF EMPLOYEES OF THE CORPORATION, A MAJORITY OF WHICH ARE NOT IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE CORPORATION'S AFFAIRS. CURRENTLY, ELIGIBLE PARTICIPANTS INCLUDE ANY EMPLOYEE OF HMSHOST WHO HAS INCURRED AN ELIGIBLE FINANCIAL HARDSHIP AND WHO IS ACTIVELY WORKING OR ON AN APPROVED LEAVE OF ABSENCE OF NO MORE THAN ONE YEAR. APPLICATIONS TO THE FUND ARE TREATED IN A CONFIDENTIAL MANNER. GRANTS FROM THE FUND ARE MADE ON AN OBJECTIVE, NONDISCRIMINATORY BASIS AND AS SUCH NO EMPLOYEE IS ENTITLED TO RECEIVE ASSISTANCE FROM THE FUND BY REASON OF THE EMPLOYEE'S LENGTH OR TYPE OF SERVICE WITH THE CORPORATION, OR THE EMPLOYEE'S HISTORY OF CONTRIBUTIONS TO THE FUND. 132 EMPLOYEES WERE ASSISTED IN 2021 THROUGH THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Mamalian President | OfficerTrustee | 2 | $0 |
Stephanie Havard Secretary & Treasurer | OfficerTrustee | 2 | $0 |
Sheila Mcgee Director | Officer | 40 | $0 |
Steve Johnson Director | Trustee | 2 | $0 |
Derryl Benton Director | Trustee | 2 | $0 |
Sarah Naqvi Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Professional Golf Events Golf Tournament Host Company | 12/30/21 | $123,837 |
Reunion Resort And Club Country Club For Golf Tournament | 12/30/21 | $106,184 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $220,760 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $372,822 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $593,582 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $593,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $212,500 |
| Grants and other assistance to domestic individuals. | $192,259 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $142,364 |
| Compensation of current officers, directors, key employees. | $7,117 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,756 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,871 |
| Advertising and promotion | $377 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $612,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $596,924 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $141,431 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $13,735 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $752,090 |
| Accounts payable and accrued expenses | $160,885 |
| Grants payable | $0 |
| Deferred revenue | $21,774 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $182,659 |
| Net assets without donor restrictions | $405,387 |
| Net assets with donor restrictions | $164,044 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $752,090 |
Grants Awarded
Over the last fiscal year, Hmshost Foundation Inc has awarded $192,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: TEACHES INNER-CITY ADOLESCENT GIRLS OF COLOR THE TRUE MEANING OF FARM-TO-TABLE | $30,000 |
Brooklyn, NY PURPOSE: TO EMPOWER REFUGEES, ASYLEES, AND SURVIVORS OF HUMAN TRAFFICKING THROUGH CULINARY EDUCATION. | $30,000 |
Washington, DC PURPOSE: PROVIDE FREE ACADEMIC AND ENRICHMENT PROGRAMS TO PUBLIC AND CHARTER SCHOOL STUDENTS | $25,000 |
Kansas City, MO PURPOSE: PROVIDE SHELTER AND SERVICES TO HOMELESS VETERANS | $20,000 |
Philadelphia, PA PURPOSE: PROVIDE HEALTHCARE, EDUCATION, AND SUPPORT TO PHILADELPHIA'S IMMIGRANT COMMUNITY | $15,000 |
Chicago, IL PURPOSE: TO DEVELOP CAREER PATHS FOR THE UNEMPLOYED OR UNDEREMPLOYED IN THE CHICAGO AREA | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hmshost Foundation Inc has recieved totaling $20.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |