Hamilton Community Foundation Inc
- Assets
- $19.6m
- Revenue
- $649.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Aurora, NE
- Founding
- 01/1966
- Data as of
- 12/2023
- EIN
- 47-6038289
Organization Overview
Hamilton Community Foundation Inc is located in Aurora, NE. The organization was established in 1966. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Hamilton Community Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hamilton Community 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, Hamilton Community Foundation Inc generated $649.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hamilton Community Foundation Inc has awarded 149 individual grants totaling $5,326,886. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION IS TO RECEIVE, ADMINISTER, AND DISBURSE FUNDS FOR THE CHARITABLE OR EDUCATIONAL PURPOSES AS WILL, IN THE DISCRETION OF THE BOARD OF DIRECTORS, MAKE FOR THE MENTAL, MORAL, INTELLECTUAL, AND PHYSICAL IMPROVEMENT, ASSISTANCE AND RELIEF OF THE INHABITANTS OF HAMILTON COUNTY, NEBRASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAMILTON COMMUNITY FOUNDATION, INC. ADMINISTERS DONATED FUNDS FOR APPROXIMATELY 148 DIFFERENT FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy Morris Executive Di | Officer | 20 | $52,000 |
Rob Anderson Board Member | Trustee | 1 | $0 |
Robert Cool Board Member | Trustee | 1 | $0 |
Phil Fendt Board Member | Trustee | 1 | $0 |
Asia Haack Treasurer | OfficerTrustee | 1 | $0 |
Zach Hunnicutt Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $595,579 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $595,579 |
| Total Program Service Revenue | $0 |
| Investment income | $470,154 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$418,998 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $649,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $862,190 |
| Grants and other assistance to domestic individuals. | $240,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $52,000 |
| Compensation of current officers, directors, key employees. | $41,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,338 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,140 |
| Fees for services: Management | $3,631 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $98,663 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,612 |
| Office expenses | $9,276 |
| Information technology | $28,252 |
| Royalties | $0 |
| Occupancy | $5,815 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,456 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,000 |
| Insurance | $4,005 |
| All other expenses | $913 |
| Total functional expenses | $1,421,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,630 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $90,000 |
| Accounts receivable, net | $244 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| 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 | $163,114 |
| Investments—publicly traded securities | $19,260,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,644,481 |
| Accounts payable and accrued expenses | $14,747 |
| Grants payable | $238,419 |
| Deferred revenue | $0 |
| 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 | $253,166 |
| Net assets without donor restrictions | $4,980,084 |
| Net assets with donor restrictions | $14,411,231 |
| 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 | $19,644,481 |
Grants Awarded
Over the last fiscal year, Hamilton Community Foundation Inc has awarded $698,513 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AURORA HUMANE SOCIETY PURPOSE: ANIMAL WELFARE | $44,000 |
AURORA HOUSING DEVELOPMENT CORP PURPOSE: RWHF GRANT MATCH | $80,000 |
BREMER COMMUNITY CENTER PURPOSE: RENOVATION PROJECT | $100,000 |
EDGERTON EDUCATION FOUNDATION PURPOSE: GEN SUPP/COVID-19 | $30,000 |
GILTNER PUBLIC SCHOOLS PURPOSE: OPERATIONS SUPPORT | $15,197 |
HAMILTON COUNTY AG SOCIETY PURPOSE: CAPITAL IMPROVEMENTS | $10,000 |