The Clara B Hinson Memorial Foundation
- Assets
- $969.5k
- Revenue
- -$93.5k
- Investments
- $943.8k
- Employees
- 0
- Location
- Lamar, CO
- Founding
- 09/2009
- Data as of
- 12/2023
- EIN
- 90-0567107
Organization Overview
The Clara B Hinson Memorial Foundation is located in Lamar, CO. The organization was established in 2009. 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. Clara B Hinson Memorial Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Clara B Hinson Memorial Foundation has awarded 45 individual grants totaling $148,926. 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
THE FOUNDATION PROVIDES SCHOLARSHIP FUNDS FOR BENT COUNTY AND PROWERS COUNTY COLORADO APPLICANTS WHO ARE ATTENDING COLLEGE COURSES IN THE MEDICAL PROFESSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Hamilton Chairman | 3 | $10,000 | |
John Lefferdink Director | 3 | $10,000 | |
Debra Pelley Director | 3 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $99 |
| Dividends & Interest | $27,488 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$121,184 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $135 |
| Total Revenue | -$93,462 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $879 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,031 |
| Total operating and administrative expenses | $53,295 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $80,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,586 |
| 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 | $2,121 |
| Total assets | $969,476 |
| 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, The Clara B Hinson Memorial Foundation has awarded $27,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE FOR MAURA SMITH PURPOSE: NURSING PROGRAM | $6,000 |
COLLEGE FOR MADELINE WILLIAMS PURPOSE: NURSING PROGRAM | $6,000 |
COLLEGE FOR HOPE HEADLEY PURPOSE: NURSING PROGRAM | $3,000 |
COLLEGE FOR NICOLE WEAKLEY PURPOSE: NURSING PROGRAM | $6,000 |
COLLEGE FOR ISABEL MISENHEIMER PURPOSE: NURSING PROGRAM | $3,000 |
COLLEGE FOR BRECKLYN HERRERA PURPOSE: NURSING PROGRAM | $3,000 |