Herman And Hazel Owen Foundation
- Assets
- $1.0m
- Revenue
- $46.4k
- Investments
- $1.0m
- Employees
- 0
- Location
- Columbus, MS
- Founding
- 07/1978
- Data as of
- 01/2024
- EIN
- 64-0601824
Organization Overview
Herman And Hazel Owen Foundation is located in Columbus, MS. The organization was established in 1978. 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. Herman And Hazel Owen 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 01/2024, Herman And Hazel Owen Foundation generated $46.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $63.2k during the year ending 01/2024. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Herman And Hazel Owen Foundation has awarded 105 individual grants totaling $340,635. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MEDICAL AND MISC. ASSISTANCE FOR INDIVIDUAL INDIGENTS.
ALL OTHER DISTRIBUTIONS ARE MADE THROUGH OTHER QUALIFIED EXEMPT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronny Roberts Chairman And President | 1 | $150 | |
Sa Bray Vice-President (gov't Aff) | 1 | $300 | |
Jim Wilson Director | 1 | $300 | |
Mary Anna Ford Director | 1 | $300 | |
Leslie Peel Secretary And Treasurer | 5 | $300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,295 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,144 |
| Capital Gain Net Income | $4,144 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,439 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,350 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $731 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $608 |
| Total operating and administrative expenses | $18,014 |
| Contributions, gifts, grants paid | $45,200 |
| Total expenses and disbursements | $63,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,960 |
| Savings and temporary cash investments | $20,543 |
| 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 | $1,043,106 |
| 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, Herman And Hazel Owen Foundation has awarded $45,200 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
100 WOMEN WHO CARE PURPOSE: INDIGENT CARE | $200 |
GOLDEN TRIANGLE HOMELESS COALITION PURPOSE: INDIGENT CARE | $4,000 |
GOOD SAMARITAN MEDICAL CLINIC PURPOSE: INDIGENT CARE | $2,000 |
HELPING HANDS INC PURPOSE: INDIGENT CARE | $25,000 |
LAST HOUSE ON THE BLOCK PURPOSE: INDIGENT CARE | $8,000 |
LOAVES AND FISHES SOUP KITCHEN OF LOWNDES COUNTY PURPOSE: INDIGENT CARE | $4,000 |