Hammond Family Foundation
- Assets
- $433.2k
- Revenue
- $19.1k
- Investments
- $430.5k
- Employees
- 0
- Location
- Ames, IA
- Founding
- 02/2008
- Data as of
- 08/2023
- EIN
- 61-1538689
Organization Overview
Hammond Family Foundation is located in Ames, IA. The organization was established in 2008. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Hammond Family 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 08/2023, Hammond Family Foundation generated $19.1k 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 (18.7%) each year. All expenses for the organization totaled $26.4k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hammond Family Foundation has awarded 130 individual grants totaling $157,225. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johnie Hammond Director | 2 | $0 | |
Earl Hammond Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16 |
| Dividends & Interest | $15,514 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,556 |
| Capital Gain Net Income | $3,556 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,086 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $126 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,803 |
| Total operating and administrative expenses | $3,914 |
| Contributions, gifts, grants paid | $22,500 |
| Total expenses and disbursements | $26,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,740 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $433,218 |
| 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, Hammond Family Foundation has awarded $22,500 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
HUMAN RIGHTS INITIATIVE OF NORTH TE PURPOSE: TO ASSIST VICTIMS OF HUMAN RIGHTS ABUSES WHO ARE SEEKING ASYLUM IN THE UNITED STATES | $625 |
ACLU PURPOSE: TO ASSIST THE ORGANIZATION IN PROMOTING PROTECTION FOR INDIVIDUALS AND GROUPS TO SUCURE THE BILL OF RIGHTS. | $1,250 |
BLUE SKY THERAPEUTIC RIDING PURPOSE: TO ASSIST THE ORGANIZATION IN PROVIDING THERAPEUTIC RIDING SESSIONS FOR PERSONS WITH DISABILITIES. | $1,250 |
ANIMAL RESCUE LEAGUE OF IOWA PURPOSE: TO ASSIST IN PROVIDING REFUGE FOR STRAY AND UNWANTED ANIMALS. | $1,250 |
READING PARTNERS PURPOSE: TO ASSIST THE ORGANIZATION TO PROMOTE LITERACY. | $1,250 |
BRAIN INJURY ALLIANCE OF IOWA PURPOSE: PROVIDES AN ONLINE SUPPORT SYSTEM FOR PERSONS WITH BRAIN INJURY AND THEIR FAMILIES | $1,250 |