Hank Aaron Chasing The Dream Foundation Inc
- Assets
- $4.6m
- Revenue
- $929.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 58-2161264
Organization Overview
Hank Aaron Chasing The Dream Foundation Inc is located in Atlanta, GA. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public 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. Hank Aaron Chasing The Dream 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, Hank Aaron Chasing The Dream Foundation Inc generated $929.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 25.5% per year over the past 7 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 2015, Hank Aaron Chasing The Dream Foundation Inc has awarded 48 individual grants totaling $5,683,189. 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
PROVIDE FINANCIAL ASSISTANCE TO UNDERPRIVILEGED CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
4 FOR 4 PROGRAM - PROVIDE ENDOWMENT FOR FOUR-YEAR PARTIAL TUITION SCHOLARSHIPS TO SUPPLEMENT LOANS, GRANTS AND OTHER SCHOLARSHIPS NEEDED TO HELP ELIGIBLE STUDENTS SATISFY THEIR FINANCIAL OBLIGATIONS WHILE PURSUING THEIR DREAMS BY ATTENDING COLLEGE. THE END GOAL IS TO CREATE PERPETUAL SCHOLARSHIPS AT A NUMBER OF COLLEGES AND UNIVERSITIES TO ASSIST DREAM CHASERS REALIZE GOALS THEY MIGHT NOT OTHERWISE ACHIEVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billye Aaron President | OfficerTrustee | 1 | $0 |
Allan J Tanenbaum Secretary/treasurer | OfficerTrustee | 1 | $0 |
John W Daniels Jr Director | Trustee | 1 | $0 |
John Brody Director | Trustee | 1 | $0 |
William H Henneberry Director | Trustee | 1 | $0 |
Cecelia Gore Director | Trustee | 1 | $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 | $914,890 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $914,890 |
| Total Program Service Revenue | $0 |
| Investment income | $14,599 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $929,489 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,223,111 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,006 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,233,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $481,218 |
| Savings and temporary cash investments | $277,246 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,805,710 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,564,174 |
| 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 | $758,464 |
| Net assets with donor restrictions | $3,805,710 |
| 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 | $4,564,174 |
Grants Awarded
Over the last fiscal year, Hank Aaron Chasing The Dream Foundation Inc has awarded $1,184,245 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: FINANCIAL ASSISTANCE | $312,000 |
Atlanta, GA PURPOSE: FINANCIAL ASSISTANCE | $208,000 |
Daytona Beach, FL PURPOSE: FINANCIAL ASSISTANCE | $208,000 |
Talladega, AL PURPOSE: FINANCIAL ASSISTANCE | $208,000 |
Tuskegee Institute, AL PURPOSE: FINANCIAL ASSISTANCE | $104,000 |
New Orleans, LA PURPOSE: FINANCIAL ASSISTANCE | $104,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hank Aaron Chasing The Dream Foundation Inc has recieved totaling $51,500.
| Awarding Organization | Amount |
|---|---|
The Coca-Cola Foundation Inc Atlanta, GA PURPOSE: CHASING THE DREAM FOUNDATION | $25,000 |
Clinton Family Foundation Chappaqua, NY PURPOSE: GENERAL | $25,000 |
Kean Foundation Inc Parsippany, NJ PURPOSE: UNRESTRICTED | $1,000 |
Bill Bartholomay Foundation Chicago, IL PURPOSE: GENERAL EXEMPT PURPOSE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $66,534,235 | $10,949,791 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |
Chapters Health Foundation Inc Temple Terrace, FL | $14,703,109 | $7,254,901 |