The Richard M & Yvonne Hamlin Foundation
- Assets
- $889.4k
- Revenue
- $80.3k
- Investments
- $836.2k
- Employees
- 0
- Location
- Akron, OH
- Founding
- 12/1995
- Data as of
- 12/2022
- EIN
- 34-1812974
Organization Overview
The Richard M & Yvonne Hamlin Foundation is located in Akron, OH. The organization was established in 1995. 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. Richard M & Yvonne Hamlin 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 12/2022, Richard M & Yvonne Hamlin Foundation generated $80.3k 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 (17.7%) each year. All expenses for the organization totaled $238.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Richard M & Yvonne Hamlin Foundation has awarded 119 individual grants totaling $4,070,847. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvonne F Hamlin Trustee | 1 | $0 | |
Richard M Hamlin Jr Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,449 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,152 |
| Capital Gain Net Income | $58,152 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,307 |
| Total Revenue | $80,294 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $272 |
| Total operating and administrative expenses | $22,687 |
| Contributions, gifts, grants paid | $216,000 |
| Total expenses and disbursements | $238,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,906 |
| Savings and temporary cash investments | $49,247 |
| 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 | $46,990 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $889,380 |
| 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, The Richard M & Yvonne Hamlin Foundation has awarded $216,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
OUR LADY OF THE ELMS PURPOSE: PROGRAM AND OPERATIONAL SUPPORT | $100,000 |
SUMMA FOUNDATION PURPOSE: PROGRAM AND OPERATIONAL SUPPORT | $100,000 |
AKRON GARDEN CLUB PURPOSE: PROGRAM AND OPERATIONAL SUPPORT | $10,000 |
BLUECOATS INC PURPOSE: PROGRAM AND OPERATIONAL SUPPORT | $5,000 |
AMERICAN FOUNDATION FR SUICIDE PREVENTION PURPOSE: PROGRAM AND OPERATIONAL SUPPORT | $1,000 |