Hamico Inc
- Assets
- $0.0
- Revenue
- $2.7m
- Investments
- $28.2m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 05/1959
- Data as of
- 12/2020
- EIN
- 62-6040782
Organization Overview
Hamico Inc is located in Chattanooga, TN. The organization was established in 1959. 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. Hamico 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 12/2020, Hamico Inc generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hamico Inc has awarded 359 individual grants totaling $15,422,113. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexis G Bogo Executive Director | 40 | $192,500 | |
Zan Guerry Pres/dir | 40 | $137,500 | |
Robert E Bosworth Vice Pres/dir | 40 | $137,500 | |
John P Guerry Director | 2 | $75,000 | |
Herbert Barks Director | 2 | $62,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $521,172 |
| Dividends & Interest | $240,311 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,387 |
| Total Revenue | $2,710,688 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $440,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $3,067 |
| Occupancy | $65,281 |
| Travel, conferences, and meetings | $503 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,365,820 |
| Contributions, gifts, grants paid | $2,096,918 |
| Total expenses and disbursements | $3,462,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,756,864 |
| Investments—mortgage loans | $0 |
| Investments—other | $28,164,988 |
| Other assets | $237,594 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hamico Inc has awarded $2,508,281 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION PURPOSE: DONATION | $800,000 |
Chattanooga, TN PURPOSE: DONATION | $250,000 |
Chattanooga, TN PURPOSE: DONATION | $200,000 |
UCF WOLFORD FAMILY ATHLETICS COMPLEX PURPOSE: DONATION | $166,668 |
UC FOUNDATION PURPOSE: DONATION | $166,667 |
UNITED WAY OF GREATER CHATTANOOGA PURPOSE: DONATION | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |