Hamico Inc
- Assets
- $0.0
- Revenue
- $4.5m
- Investments
- $39.4m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 05/1959
- Data as of
- 12/2021
- EIN
- 62-6040782
Organization Overview
Hamico Inc is located in Chattanooga, TN. The organization was established in 1959. 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. Hamico 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, Hamico Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 8.5% 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, Hamico Inc has awarded 404 individual grants totaling $17,145,539. 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 |
|---|---|---|---|
Zan Guerry Pres/dir | 40 | $150,000 | |
Robert E Bosworth Vice Pres/dir | 40 | $150,000 | |
Alexis G Bogo Executive Director | 40 | $210,000 | |
John P Guerry Director | 2 | $45,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $541,523 |
| Dividends & Interest | $524,099 |
| Profit on Inventory Sales | $0 |
| Other Income | $49,922 |
| Total Revenue | $4,486,934 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $605,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $2,585 |
| Occupancy | $56,208 |
| Travel, conferences, and meetings | $790 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,751,426 |
| Contributions, gifts, grants paid | $2,508,281 |
| Total expenses and disbursements | $4,259,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,526,174 |
| Investments—mortgage loans | $0 |
| Investments—other | $39,437,839 |
| Other assets | $17,230 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hamico Inc has awarded $1,723,426 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
A STEP AHEAD FOUNDATION PURPOSE: DONATION | $15,000 |
ARTS BUILD PURPOSE: DONATION | $12,500 |
ASSOCIATION FOR VISUAL ARTS PURPOSE: DONATION | $2,500 |
AUSTIN HATCHER FOUNDATION PURPOSE: DONATION | $13,200 |
BAYLOR SCHOOL PURPOSE: DONATION | $353,379 |
BOYS & GIRLS CLUB OF CHATTANOOGA PURPOSE: DONATION | $30,000 |