Herman And Hazel Owen Foundation
- Assets
- $1.1m
- Revenue
- $47.1k
- Investments
- $1.0m
- Employees
- 0
- Location
- Columbus, MS
- Founding
- 07/1978
- Data as of
- 01/2022
- EIN
- 64-0601824
Organization Overview
Herman And Hazel Owen Foundation is located in Columbus, MS. The organization was established in 1978. 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. Herman And Hazel Owen Foundation 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 01/2022, Herman And Hazel Owen Foundation generated $47.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $55.4k during the year ending 01/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Herman And Hazel Owen Foundation has awarded 102 individual grants totaling $300,039. 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
PROVIDED MEDICAL AND MISC. ASSISTANCE FOR INDIVIDUAL INDIGENTS.
ALL OTHER DISTRIBUTIONS ARE MADE THROUGH OTHER QUALIFIED EXEMPT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronny Roberts Chairman And President | 1 | $300 | |
Sa Bray Vice-President (gov't Aff) | 1 | $300 | |
Jim Wilson Director | 1 | $300 | |
Leslie Peel Secretary And Treasurer | 5 | $300 | |
Mary Anna Ford Director | 1 | $300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,454 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,647 |
| Capital Gain Net Income | $13,647 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,101 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $739 |
| Total operating and administrative expenses | $18,756 |
| Contributions, gifts, grants paid | $36,650 |
| Total expenses and disbursements | $55,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,492 |
| Savings and temporary cash investments | $36,082 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,083,931 |
| 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, Herman And Hazel Owen Foundation has awarded $36,650 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
HELPING HANDS INC PURPOSE: INDIGENT CARE | $25,500 |
Columbus, MS PURPOSE: INDIGENT CARE | $2,000 |
SALVATION ARMY PURPOSE: INDIGENT CARE | $2,000 |
GOOD SAMARITAN MEDICAL CLINIC PURPOSE: INDIGENT CARE | $2,000 |
Columbus, MS PURPOSE: INDIGENT CARE | $2,000 |
LOAVES AND FISHES SOUP KITCHEN OF LOWNDES COUNTY PURPOSE: INDIGENT CARE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Alumbra Innovations Foundation Bentonville, AR | $55,483,470 | $25,346,784 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Lyndhurst Foundation Inc Chattanooga, TN | $133,731,560 | $17,356,041 |
Huey And Angelina Wilson Foundation Baton Rouge, LA | $180,086,901 | $15,078,122 |
Ayers Foundation Parsons, TN | $11,206,154 | $10,940,393 |
BBVA Foundation Birmingham, AL | $0 | $7,925,433 |