George & Mary Josephine Hamman Foundation
- Assets
- $85.3m
- Revenue
- $3.4m
- Investments
- $80.3m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 10/1955
- Data as of
- 12/2022
- EIN
- 74-6061447
Organization Overview
George & Mary Josephine Hamman Foundation is located in Houston, TX. The organization was established in 1955. 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. George & Mary Josephine Hamman 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 12/2022, George & Mary Josephine Hamman Foundation generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $6.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, George & Mary Josephine Hamman Foundation has awarded 12 individual grants totaling $30,073,876. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIP PROGRAM -- 1,227,500 RELATED ADMINISTRATIVE EXPENSES -- 582,702
221 GRANTS TO VARIOUS CHURCHES, SCHOOLS, AND OTHER NONPROFIT CAUSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry R Hamman Chief Investment Officer | 35 | $76,223 | |
Anne H Sheperd President | 35 | $76,223 | |
Charles D Milby Jr Treasurer | 3 | $12,704 | |
Mary J Milby Secretary | 2 | $12,704 | |
Russell R Hamman Director | 2 | $12,704 | |
D Troy Derouen Executive Director | 40 | $176,897 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $42,167 |
| Dividends & Interest | $1,416,033 |
| Net Rental Income | $487,083 |
| Net Gain on Sale of Assets | -$328,073 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,261,471 |
| Total Revenue | $3,391,598 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $378,454 |
| Other employee salaries and wages | $59,747 |
| Pension plans, employee benefits | $216,502 |
| Interest | $0 |
| Taxes | $87,614 |
| Depreciation | $0 |
| Occupancy | $34,397 |
| Travel, conferences, and meetings | $5,616 |
| Printing and publications | $3,985 |
| Other expenses | $41,650 |
| Total operating and administrative expenses | $1,556,550 |
| Contributions, gifts, grants paid | $5,389,500 |
| Total expenses and disbursements | $6,946,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,073,295 |
| Savings and temporary cash investments | $3,570,303 |
| 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 | $1,782 |
| Net Investments - land, buildings, equipment | $309,978 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,551,123 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $96,839 |
| Total assets | $85,330,044 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,767,500 |
| 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 | $2,767,500 |
Grants Awarded
Over the last fiscal year, George & Mary Josephine Hamman Foundation has awarded $5,389,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS ORGANIZATIONS PURPOSE: SCHOOLS, MEDICAL ARTS, CONSERVATION | $4,162,000 |
VARIOUS STUDENTS PURPOSE: SCHOLARSHIPS | $1,227,500 |