Hugh M Inman Foundation Inc
- Assets
- $4.9m
- Revenue
- $548.2k
- Investments
- $4.7m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 08/2001
- Data as of
- 12/2022
- EIN
- 58-2588890
Organization Overview
Hugh M Inman Foundation Inc is located in Atlanta, GA. The organization was established in 2001. 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. Hugh M Inman 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, Hugh M Inman Foundation Inc generated $548.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $429.6k during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 8 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 2014, Hugh M Inman Foundation Inc has awarded 324 individual grants totaling $2,727,236. 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 |
|---|---|---|---|
Hugh M Inman Jr Chairman, Treasurer | 0 | $0 | |
John S Inman Secretary, Trustee | 0 | $0 | |
William E Inman Trustee | 0 | $0 | |
Margaret I Wilson Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $275,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $173,241 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $99,934 |
| Capital Gain Net Income | $99,934 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $548,175 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,578 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $71,195 |
| Contributions, gifts, grants paid | $358,450 |
| Total expenses and disbursements | $429,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,186 |
| Savings and temporary cash investments | $0 |
| 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 | $4,693,650 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,943,536 |
| 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, Hugh M Inman Foundation Inc has awarded $358,450 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
CARON TREATMENT CENTERS PURPOSE: PROVIDE OPERATING FUNDS | $2,500 |
FAITH LUTHERAN PURPOSE: PROVIDE OPERATING FUNDS | $12,000 |
FAMILY PROMISE PURPOSE: PROVIDE OPERATING FUNDS | $5,000 |
SKYLAND TRAIL PURPOSE: PROVIDE OPERATING FUNDS | $27,000 |
GRACE GATE PURPOSE: PROVIDE OPERATING FUNDS | $2,000 |
HABERSHAM UNITED WAY PURPOSE: PROVIDE OPERATING FUNDS | $7,000 |