Hamrick Mills Foundation Inc
- Assets
- $1.4m
- Revenue
- $72.9k
- Investments
- $1.3m
- Employees
- 0
- Location
- Gaffney, SC
- Founding
- 04/1953
- Data as of
- 12/2022
- EIN
- 57-6024261
Organization Overview
Hamrick Mills Foundation Inc is located in Gaffney, SC. The organization was established in 1953. 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. Hamrick Mills 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 12/2022, Hamrick Mills Foundation Inc generated $72.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $90.7k during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 4 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, Hamrick Mills Foundation Inc has awarded 46 individual grants totaling $214,195. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles F Hamrick II Director | 1 | $0 | |
Wardlaw Hamrick Director | 1 | $0 | |
Lyman Hamrick Director | 1 | $0 | |
Carlisle Hamrick Director | 1 | $0 | |
David Dorman Treasurer & Director | 1 | $0 | |
Cameron Hamrick Chair & Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $52,332 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,598 |
| Capital Gain Net Income | $20,598 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $72,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,379 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $450 |
| Depreciation | $2,564 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,005 |
| Total operating and administrative expenses | $12,450 |
| Contributions, gifts, grants paid | $78,285 |
| Total expenses and disbursements | $90,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,314 |
| Savings and temporary cash investments | $57,626 |
| 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 | $16,740 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,354,854 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $831 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $831 |
Grants Awarded
Over the last fiscal year, Hamrick Mills Foundation Inc has awarded $78,285 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CANCER ASSOCIATION PURPOSE: TRAVEL VOUCHERS FOR CANCER PATIENTS | $2,000 |
BOYS GIRLS CLUBS - KIDS CLUBS PURPOSE: GENERAL OPERATIONS | $5,000 |
CC CHAMBER OF COMMERCE PURPOSE: LEADERSHIP CHEROKEE | $2,500 |
CHEROKEE CHILDREN'S HOME PURPOSE: GENERAL OPERATIONS | $7,000 |
CHEROKEE COUNTY MEALS ON WHEELS PURPOSE: CONTINUE UWP HOUSING | $3,000 |
CHEROKEE PREGNANCY CENTER OPTIONS PURPOSE: 4 TV DVD PLAYERS | $2,500 |