Hallowell Foundation
- Assets
- $6.9m
- Revenue
- $1.0m
- Investments
- $6.5m
- Employees
- 0
- Location
- Gainesville, FL
- Founding
- 09/1958
- Data as of
- 12/2021
- EIN
- 23-6234545
Organization Overview
Hallowell Foundation is located in Gainesville, FL. The organization was established in 1958. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hallowell 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, Hallowell Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.3% each year . All expenses for the organization totaled $503.8k during the year ending 12/2021. While expenses have increased by 28.6% per year over the past 5 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 2020, Hallowell Foundation has awarded 26 individual grants totaling $829,500. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne H Miller Trustee | 5 | $0 | |
Elaine Reed Trustee | 5 | $0 | |
Linda A Miller Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $181,422 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $805,671 |
| Capital Gain Net Income | $805,671 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,932 |
| Total Revenue | $1,011,025 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,411 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $784 |
| Total operating and administrative expenses | $82,292 |
| Contributions, gifts, grants paid | $421,500 |
| Total expenses and disbursements | $503,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,564 |
| Savings and temporary cash investments | $437,661 |
| 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 | $6,496,454 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,936,679 |
| 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, Hallowell Foundation has awarded $421,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
RICHARD A HENSON FAMILY YMCA PURPOSE: GENERAL OPERATING | $91,000 |
ASBURY UNITED METHODIST CHURCH PURPOSE: GENERAL OPERATING | $47,000 |
THE GAINESVILLE ORCHESTRA PURPOSE: GENERAL OPERATING | $45,000 |
CHRIST COMM CHURCH OF GAINESVILLE PURPOSE: GENERAL OPERATING | $45,000 |
Whitefish, MT PURPOSE: GENERAL OPERATING | $30,000 |
PRMC FOUNDATION PURPOSE: GENERAL OPERATING | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |