George & Mary Josephine Hamman Foundation
- Assets
- $89.0m
- Revenue
- $15.1m
- Investments
- $85.1m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 10/1955
- Data as of
- 12/2021
- EIN
- 74-6061447
Organization Overview
George & Mary Josephine Hamman Foundation is located in Houston, TX. The organization was established in 1955. 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. George & Mary Josephine Hamman 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 12/2021, George & Mary Josephine Hamman Foundation generated $15.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $6.9m during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 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 2016, George & Mary Josephine Hamman Foundation has awarded 12 individual grants totaling $29,724,876. 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
COLLEGE SCHOLARSHIP PROGRAM -- 1,224,250 RELATED ADMINISTRATIVE EXPENSES -- 520,175
235 GRANTS TO VARIOUS CHURCHES, SCHOOLS, AND OTHER NONPROFIT CAUSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Troy Derouen Executive Director | 40 | $170,626 | |
Henry R Hamman Chief Investment Officer | 35 | $74,321 | |
Anne H Sheperd President | 35 | $28,379 | |
Charles D Milby Jr Treasurer | 3 | $13,317 | |
Mary J Milby Secretary | 2 | $13,317 | |
Russell R Hamman Director | 2 | $13,317 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,870 |
| Dividends & Interest | $1,531,616 |
| Net Rental Income | $329,336 |
| Net Gain on Sale of Assets | $10,699,309 |
| Capital Gain Net Income | $10,699,309 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,829,089 |
| Total Revenue | $15,061,884 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $324,807 |
| Other employee salaries and wages | $57,754 |
| Pension plans, employee benefits | $186,985 |
| Interest | $0 |
| Taxes | $73,252 |
| Depreciation | $0 |
| Occupancy | $37,480 |
| Travel, conferences, and meetings | $8,553 |
| Printing and publications | $3,555 |
| Other expenses | $41,443 |
| Total operating and administrative expenses | $1,544,179 |
| Contributions, gifts, grants paid | $5,336,250 |
| Total expenses and disbursements | $6,880,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $545,516 |
| Savings and temporary cash investments | $2,994,417 |
| 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 | $1,782 |
| Net Investments - land, buildings, equipment | $310,478 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,831,268 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $96,839 |
| Total assets | $89,049,806 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,742,500 |
| 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 | $2,742,500 |
Grants Awarded
Over the last fiscal year, George & Mary Josephine Hamman Foundation has awarded $5,336,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS ORGANIZATIONS PURPOSE: SCHOOLS, MEDICAL ARTS, CONSERVATION | $4,112,000 |
VARIOUS STUDENTS PURPOSE: SCHOLARSHIPS | $1,224,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |