Hms Foundation Inc
- Assets
- $16.5m
- Revenue
- $662.3k
- Investments
- $16.1m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 47-2156800
Organization Overview
Hms Foundation Inc is located in Atlanta, GA. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Hms 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, Hms Foundation Inc generated $662.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.8% each year . All expenses for the organization totaled $893.6k during the year ending 12/2021. While expenses have increased by 33.7% per year over the past 4 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 2019, Hms Foundation Inc has awarded 136 individual grants totaling $2,358,767. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
NOT APPLICABLE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $493,951 |
| Net Rental Income | $17,853 |
| Net Gain on Sale of Assets | $31,402 |
| Capital Gain Net Income | $31,402 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $119,102 |
| Total Revenue | $662,308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,334 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,723 |
| Total operating and administrative expenses | $92,257 |
| Contributions, gifts, grants paid | $801,338 |
| Total expenses and disbursements | $893,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,323 |
| Savings and temporary cash investments | $364,034 |
| 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 | $2,378,580 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,469,010 |
| 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, Hms Foundation Inc has awarded $801,338 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: CHARITY | $259,440 |
ATLANTA JEWISH FILM FESTIVAL PURPOSE: CHARITY | $110,000 |
New York, NY PURPOSE: CHARITY | $75,000 |
YEMIN ORDE PURPOSE: CHARITY | $50,000 |
HONEYMOON ISRAEL PURPOSE: CHARITY | $45,000 |
Atlanta, GA PURPOSE: CHARITY | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Access Foundation Inc Miami, FL | $8,531,083 | $32,893,719 |
Duke Corporate Education Durham, NC | $27,489,390 | $18,675,614 |
Early Learning Coalition Of Floridas Heartland Inc Port Charlotte, FL | $2,212,537 | $18,405,437 |
Early Learning Coalition Of Okaloosa And Walton Counties Inc Shalimar, FL | $1,559,642 | $16,151,395 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Cape Fear Tutoring Inc Wilmington, NC | $2,173,027 | $16,040,654 |
Usf Financing Corporation Tampa, FL | $387,045,696 | $13,998,407 |
Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin Tampa, FL | $0 | -$8,161,100 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
White Hall Enrichment Advancement Team Hayneville, AL | $52,157 | $11,823,582 |
A Gift For Teaching Inc Orlando, FL | $5,328,629 | $9,022,570 |
Ninja Academy Incorporated Hollywood, FL | $2,893,530 | $10,861,940 |