Hamels Foundation Inc
- Assets
- $1.1m
- Revenue
- $86.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Springfield, MO
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 26-3128059
Organization Overview
Hamels Foundation Inc is located in Springfield, MO. The organization was established in 2009. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hamels Foundation Inc 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, Hamels Foundation Inc generated $86.9k 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 (26.0%) each year. All expenses for the organization totaled $220.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hamels Foundation Inc has awarded 36 individual grants totaling $1,226,905. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENRICHES THE LIVES OF CHILDREN THROUGH ORGANIZATIONAL GRANTS, EDUCATIONAL GRANTS AND PITCHING CLINICS AND COOPERATES WITH GAIA TO BUILD SCHOOLS IN AFRICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HAMELS FOUNDATION HAS A DUAL PURPOSE TO PROVIDE SUPPORT FOR QUALITY EDUCATION IN THE UNITED STATES AND ESTABLISH A SCHOOL IN MALAWI, AFRICA. THE HAMELS FOUNDATION TAKES A COMMUNITY-BASED APPROACH TO EDUCATION BY PROVIDING ASSISTANCE TO SCHOOLS AS WELL AS SUPPORTING OTHER EDUCATION BASED NON-PROFIT ENTITIES IN THE UNITED STATES IN NEED OF SUPPORT. THIS INCLUDES BUT IS NOT LIMITED TO PROVIDING STIMULATING LEARNING ENVIRONMENTS, HIGH-QUALITY EDUCATIONAL PROGRAMS AND NECESSARY PROVISIONS TO PROMOTE LEARNING. SEE ADDITIONAL INFORMATION IN SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Greene Chief Operations Officer | Officer | 40 | $15,000 |
Sophie Riegel Head Board Chair | OfficerTrustee | 0.5 | $0 |
Heidi Hamels President | OfficerTrustee | 10 | $0 |
Stuart T O'neal III Board President | OfficerTrustee | 0.5 | $0 |
Rob Keegan Board Vice President | OfficerTrustee | 0.5 | $0 |
Bj Richardson Secretary/treasurer | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,279 |
| Investment income | $19,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,666 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $86,913 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,925 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,039 |
| Fees for services: Accounting | $2,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,958 |
| Fees for services: Other | $500 |
| Advertising and promotion | $0 |
| Office expenses | $28,623 |
| Information technology | $2,235 |
| Royalties | $0 |
| Occupancy | $1,964 |
| Travel | $6,461 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,409 |
| Insurance | $3,561 |
| All other expenses | $0 |
| Total functional expenses | $220,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $108,656 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $1,025,460 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,140,455 |
| Accounts payable and accrued expenses | $3,568 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,568 |
| Net assets without donor restrictions | $1,136,887 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,136,887 |
Grants Awarded
Over the last fiscal year, Hamels Foundation Inc has awarded $80,332 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL AIDS INTERFAITH ALLIANCE (GAIA) PURPOSE: AFRICA PROJECTS | $67,213 |
AMY MIDDLE SCHOOL PURPOSE: SUPPORT | $13,119 |