Hammond Education Foundation Inc
- Assets
- $1.0m
- Revenue
- $152.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Hammond, IN
- Founding
- 04/1987
- Data as of
- 06/2024
- EIN
- 35-1572372
Organization Overview
Hammond Education Foundation Inc is located in Hammond, IN. The organization was established in 1987. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Hammond Education 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 06/2024, Hammond Education Foundation Inc generated $152.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $146.7k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE EDUCATIONAL OPPORTUNITIES FOR STUDENTS AND FACULTY MEMBERS OF THE ELEMENTARY, MIDDLE, AND HIGH SCHOOLS OF THE SCHOOL CITY OF HAMMOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS PROVIDED TO THE SCHOOL CITY OF HAMMOND TO FUND PROGRAMS WHICH BENEFIT THE LEARNING OF CHILDREN IN THE CLASSROOM.; SCHOLARSHIPS PROVIDED TO STUDENTS TO ASSIST WITH COLLEGE TUITION; BLUEPRINT PROGRAM TO HELP STUDENTS PREAPRE FOR, APPLY FOR, AND SUCCEED IN COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Bachmann President | OfficerTrustee | 4 | $0 |
Jerame Hicks Vice Preside | OfficerTrustee | 4 | $0 |
Enrique Magallanes Treasurer | OfficerTrustee | 4 | $0 |
Deborah Trevino Secretary | OfficerTrustee | 4 | $0 |
Rosalva Robles Board Member | Trustee | 2 | $0 |
Kevin Kosek Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,712 |
| Total Program Service Revenue | $0 |
| Investment income | $33,855 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,418 |
| Net Income from Fundraising Events | $18,882 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $152,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,119 |
| Grants and other assistance to domestic individuals. | $12,479 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $49,384 |
| Compensation of current officers, directors, key employees. | $14,815 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,778 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,925 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,111 |
| Office expenses | $1,705 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,940 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,338 |
| All other expenses | $24 |
| Total functional expenses | $146,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,116 |
| Savings and temporary cash investments | $37,313 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $871,839 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,025,268 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $916,268 |
| Net assets with donor restrictions | $109,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,025,268 |