Hyman Foundation
- Assets
- $385.7k
- Revenue
- $20.1k
- Investments
- $268.0k
- Employees
- 0
- Location
- Fairhope, AL
- Founding
- 11/1997
- Data as of
- 12/2023
- EIN
- 72-6186167
Organization Overview
Hyman Foundation is located in Fairhope, AL. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is the central organization for a national or regional group of organizations. Hyman 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 12/2023, Hyman Foundation generated $20.1k 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 (28.4%) each year. All expenses for the organization totaled $27.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hyman Foundation has awarded 82 individual grants totaling $179,800. 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 |
|---|---|---|---|
Robert L Hyman Trustee | 0.25 | $0 | |
Philip J Hyman Trustee | 0.25 | $0 | |
Cathy H Mosteller Trustee | 0.25 | $0 | |
Ellen H Cunningham Trustee | 0.25 | $0 | |
Clifton Mosteller Trustee And President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $18,450 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,637 |
| Capital Gain Net Income | $1,637 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,098 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $455 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $400 |
| Total operating and administrative expenses | $4,779 |
| Contributions, gifts, grants paid | $22,850 |
| Total expenses and disbursements | $27,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $117,735 |
| 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 | $385,713 |
| 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, Hyman Foundation has awarded $22,850 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF THE APOSTLES PURPOSE: YOUTH GROUP | $1,000 |
BALDWIN FAMILY VILLAGE FOUNDATION PURPOSE: GENERAL PURPOSES | $2,000 |
DISTINGUISHED YOUNG WOMEN PURPOSE: GENERAL PURPOSES | $1,000 |
MULHERIN HOME PURPOSE: GENERAL PURPOSES | $1,750 |
NORTH BALDWIN ANIMAL SHELTER PURPOSE: GENERAL PURPOSES | $1,500 |
PRODISEE PANTRY PURPOSE: GENERAL PURPOSES | $250 |