Hamon Charitable Foundation
- Assets
- $66.9m
- Revenue
- $7.2m
- Investments
- $51.9m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/1997
- Data as of
- 12/2023
- EIN
- 75-2734057
Organization Overview
Hamon Charitable Foundation is located in Dallas, TX. The organization was established in 1997. 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. Hamon Charitable 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 12/2023, Hamon Charitable Foundation generated $7.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $10.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hamon Charitable Foundation has awarded 322 individual grants totaling $205,374,905. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Roach President/director | 8 | $120,000 | |
Linda J Dunavant Secretary | 1 | $100,000 | |
Nancy Halbreich Director | 3.5 | $100,000 | |
Kern Wildenthal MD PHD Director | 3.5 | $100,000 | |
Tom M Souers Director | 3.5 | $100,000 | |
Lawrence H Roach Director | 3.5 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $715,099 |
| Dividends & Interest | $1,269,152 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,222,833 |
| Capital Gain Net Income | $5,222,833 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,736 |
| Total Revenue | $7,214,820 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $620,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $97,929 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $141,733 |
| Total operating and administrative expenses | $1,419,863 |
| Contributions, gifts, grants paid | $8,821,500 |
| Total expenses and disbursements | $10,241,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,014,112 |
| 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 | $51,876,268 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $66,890,380 |
| 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, Hamon Charitable Foundation has awarded $9,071,500 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
29 ACRES PURPOSE: ASSIST PEOPLE WITH AUTISM & OTHER NEURODIVERSITY HAVE COMMUNITY & A SAFE PLACE TO LIVE | $71,500 |
ABILITY CONNECTION PURPOSE: TO ENRICH THE LIVES OF PEOPLE WITH DISABILITIES | $10,000 |
ADAPTIVE TRAINING PURPOSE: TO HELP THOSE WITH LIFE-ALTERING INJURIES FIND LIFE-FULFILLING ADAPTIVE PERFORMANCE TRAINING | $100,000 |
ASHFORD RISE SCHOOL OF DLS PURPOSE: PROVIDE EARLY EDUCATION SERVICES TO CHILDREN 6 MOS. TO 6 YEARS WITH/WITHOUT DISABILITIES | $10,000 |
AUSTIN STREET CENTER PURPOSE: FEED, CLOTHE AND SHELTER INDIVIDUALS IN NEED | $10,000 |
BAYLOR UNIVERSITY PURPOSE: TO EDUCATE MEN & WOMEN FOR LEADERSHIP AND SERVICE BY INTEGRATING ACADEMIC EXCELLENCE & CHRISTIAN VALUES | $500,000 |