Hamer Foundation
- Assets
- $1.3m
- Revenue
- $64.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- Kenova, WV
- Founding
- 12/1974
- Data as of
- 11/2023
- EIN
- 23-7349926
Organization Overview
Hamer Foundation is located in Kenova, WV. The organization was established in 1974. 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. Hamer 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 11/2023, Hamer Foundation generated $64.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $113.5k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Hamer Foundation has awarded 106 individual grants totaling $575,351. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gladys F Hamer Trustee | 0.5 | $0 | |
Lori Dale Hamer Trustee | 0.5 | $0 | |
Jim P Hamer II Trustee | 0.5 | $0 | |
Stephen A Hamer II Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $105,653 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$41,688 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,965 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $113 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,073 |
| Contributions, gifts, grants paid | $109,411 |
| Total expenses and disbursements | $113,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,191 |
| Savings and temporary cash investments | $0 |
| 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 | $889,748 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,270,653 |
| 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, Hamer Foundation has awarded $109,411 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
20TH STREET BAPTIST CHURCH PURPOSE: EVANGELISM | $10,000 |
FIRST BAPTIST CHURCH OF KENOVA PURPOSE: HAMER SCHOLARSHIP FUND AND CHURCH PROJECTS | $48,631 |
GEORGE W BUSH PRESIDENTIAL CENTER PURPOSE: ENSURE OPPORTUNITY FOR EVERYONE, STRENGTHEN DEMOCRACY, ADVANCE FREE SOCIETIES | $2,000 |
C-K AUTUMN FEST PURPOSE: COMMUNITY SUPPORT | $2,000 |
GOOD SAMARITAN CENTER PURPOSE: FOOD PANTRY SUPPORT | $2,000 |
KENOVA VOLUNTEER FIRE DEPT PURPOSE: EQUIPMENT NEEDS | $10,000 |