Hamrick Mills Foundation Inc
- Assets
- $1.7m
- Revenue
- $91.7k
- Investments
- $1.7m
- Employees
- 0
- Location
- Gaffney, SC
- Founding
- 04/1953
- Data as of
- 12/2021
- 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 12/2021, Hamrick Mills Foundation Inc generated $91.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $84.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hamrick Mills Foundation Inc has awarded 29 individual grants totaling $135,910. 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
2021
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 |
|---|---|---|---|
Chris Steed Executive Director | 3 | $5,034 | |
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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $55,873 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,815 |
| Capital Gain Net Income | $35,815 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $91,689 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,034 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $675 |
| Depreciation | $2,564 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $171 |
| Other expenses | $2,019 |
| Total operating and administrative expenses | $15,510 |
| Contributions, gifts, grants paid | $69,410 |
| Total expenses and disbursements | $84,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,311 |
| Savings and temporary cash investments | $17,207 |
| 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 | $19,304 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,711,586 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,270 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,270 |
Grants Awarded
Over the last fiscal year, Hamrick Mills Foundation Inc has awarded $69,410 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
THE SALVATION ARMY PURPOSE: FINANCIAL ASSISTANCE | $10,000 |
MIRACLE HILL MINISTIRES PURPOSE: GENERAL OPERATIONS | $10,000 |
BOYS AND GIRLS CLUB PURPOSE: GENERAL OPERATIONS | $8,000 |
Blacksburg, SC PURPOSE: FINANCIAL ASSISTANCE | $8,000 |
PEACH CENTER MINISTRIES PURPOSE: FINANCIAL ASSISTANCE | $8,000 |
CHEROKEE CHILDREN'S HOME PURPOSE: GENERAL OPERATIONS | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
North Carolina Glaxosmithkline Foundation Research Triangle Park, NC | $82,949,220 | $9,210,244 |
The Peyton Anderson Foundation Inc Macon, GA | $85,371,883 | $13,633,354 |
The Springs Close Foundation Inc Fort Mill, SC | $40,896,237 | $10,062,453 |
Albemarle Foundation Charlotte, NC | $33,633,920 | $20,497,587 |
Donald And Marilyn Keough Foundation Atlanta, GA | $98,883,521 | $27,525,361 |
Wilbur And Hilda Glenn Family Foundaition Atlanta, GA | $96,293,914 | $6,644,438 |
The Eddie And Jo Allison Smith Family Foundation Inc Greenville, NC | $134,122,083 | $44,728,639 |
Trailsend Foundation Atlanta, GA | $118,817,898 | $16,686,920 |