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← HAMELS FOUNDATION INC

Form 990 for tax year 2023

Filed by HAMELS FOUNDATION INC.

Totals

Total revenue
$45,689
Total expenses
$121,945
Contributions and grants received
$21,942
Grants paid
$47,863
Program service revenue
$0
Investment income
$23,747
Other revenue
$0
Total assets, end of year
$890,007
Total liabilities, end of year
$4,464
Net assets or fund balances, end of year
$885,543
Program services expenses (Part IX)
$90,986
Management and general expenses
$30,879
Fundraising expenses
$80
Program service expenses (Part III)
$90,986

Program services were 74.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $21,942

  • 3 · Investment income

    total $16,770 · related or exempt $16,770

  • 7a · Gross sales of assets other than inventory

    securities $56,584

  • 7b · Less cost or other basis and sales expenses

    securities $49,607

  • 7c · Gain or loss

    securities $6,977

  • 7d · Net gain or loss

    total $6,977 · related or exempt $6,977

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $47,863 · program services $47,863

  • 5 · Compensation of officers, directors and key employees

    total $16,250 · management and general $16,250

  • 10 · Payroll taxes

    total $1,285 · management and general $1,285

  • 11a · Fees: management

    total $39,250 · program services $39,250

  • 11b · Fees: legal

    total $1,000 · management and general $1,000

  • 11c · Fees: accounting

    total $1,634 · management and general $1,634

  • 13 · Office expenses

    total $9,364 · management and general $9,364

  • 17 · Travel

    total $193 · program services $193

  • 19 · Conferences, conventions and meetings

    total $3,680 · program services $3,680

  • 23 · Insurance

    total $1,346 · management and general $1,346

  • 24a · Other expenses: credit card fees

    total $12 · fundraising $12

  • 24b · Other expenses: meals

    total $68 · fundraising $68

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $69,847 · end of year $19,988

  • 4 · Accounts receivable

    beginning of year $15 · end of year $15

  • 10a · Land, buildings and equipment: cost or other basis

    $49,275

  • 10b · Land, buildings and equipment: accumulated depreciation

    $44,811

  • 10c · Land, buildings and equipment, net

    beginning of year $4,464 · end of year $4,464

  • 11 · Investments: publicly traded securities

    beginning of year $830,901 · end of year $865,540

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,414 · end of year $4,464

  • 27 · Net assets without donor restrictions

    beginning of year $902,813 · end of year $885,543

Mission and programs · 2023

Mission

THE HAMELS FOUDATION IS DEDICATED TO ENRICHING THE LIVES OF CHILDREN THROUGH THE POWER OF EDUCATION BY GIVING THEM THE TOOLS THEY NEED TO ACHIEVE THEIR GOALS.

  • THE HAMELS FOUNDATION HAS A DUAL PURPOSE TO PROVIDE SUPPORT FOR QUALITY EDUCATION IN THE UNITED STATES AND ESTABLISH A SCHOOL IN MALAWI, AFRICA. THE HAMELS FOUNDATION TAKES A COMMUNITY-BASED APPROACH TO EDUCATION BY PROVIDING ASSISTANCE TO SCHOOLS AS WELL AS SUPPORTING OTHER EDUCATION BASED NON-PROFIT ENTITIES IN THE UNITED STATES IN NEED OF SUPPORT. THIS INCLUDES BUT IS NOT LIMITED TO PROVIDING STIMULATING LEARNING ENVIRONMENTS, HIGH-QUALITY EDUCATIONAL PROGRAMS AND NECESSARY PROVISIONS TO PROMOTE LEARNING.

    Expenses $90,986 · Grants $47,147

As filed on the 2023 return.

Listed in Part VII

  • Kathleen Greene

    Chief Operations Officer

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Stuart ONeal III

    Board President

    Total calculated
    $0
    Hours/week
    0.5

  • Rob Keegan

    Board Vice President

    Total calculated
    $0
    Hours/week
    0.5

  • Sophie Riegel

    Head Board Chair

    Total calculated
    $0
    Hours/week
    0.5

  • Heidi Hamels

    President

    Total calculated
    $0
    Hours/week
    10

  • BJ Richardson

    Board SecretaryTreasurer

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202423199349304077

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