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Nonprofiteer
← HAMELS FOUNDATION INC

Form 990 for tax year 2024

Filed by HAMELS FOUNDATION INC.

Totals

Total revenue
$61,527
Total expenses
$206,439
Contributions and grants received
$55,527
Grants paid
$65,383
Program service revenue
$0
Investment income
$6,000
Other revenue
$0
Total assets, end of year
$740,631
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$740,631
Program services expenses (Part IX)
$106,960
Management and general expenses
$89,531
Fundraising expenses
$9,948
Program service expenses (Part III)
$106,960

Program services were 51.8% 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.

  • 1c · Fundraising events

    $15,250

  • 1f · All other contributions, gifts and grants

    $40,277

  • 3 · Investment income

    total $6,000 · related or exempt $6,000

  • 8a · Fundraising events: contributions included on line 1c

    $15,250

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $63,853 · program services $63,853

  • 2 · Grants to domestic individuals

    total $1,530 · program services $1,530

  • 5 · Compensation of officers, directors and key employees

    total $49,342 · management and general $49,342

  • 10 · Payroll taxes

    total $4,896 · management and general $4,896

  • 11a · Fees: management

    total $41,050 · program services $41,050

  • 11b · Fees: legal

    total $39 · management and general $39

  • 11c · Fees: accounting

    total $11,064 · management and general $11,064

  • 12 · Advertising and promotion

    total $10,536 · management and general $588 · fundraising $9,948

  • 13 · Office expenses

    total $19,774 · management and general $19,774

  • 16 · Occupancy

    total $2,214 · management and general $2,214

  • 17 · Travel

    total $312 · program services $312

  • 19 · Conferences, conventions and meetings

    total $215 · program services $215

  • 23 · Insurance

    total $929 · management and general $929

  • 24a · Other expenses: credit card fees

    total $685 · management and general $685

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $19,988 · end of year $57,002

  • 4 · Accounts receivable

    beginning of year $15 · end of year $46

  • 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 $865,540 · end of year $679,119

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,464

  • 27 · Net assets without donor restrictions

    beginning of year $885,543 · end of year $740,631

Mission and programs · 2024

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 $106,960 · Grants $65,383

As filed on the 2024 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

  • Sophie Riegel

    Head Board Chair

    Total calculated
    $0
    Hours/week
    0.5

  • Heidi Hamels

    President

    Total calculated
    $0
    Hours/week
    10

  • Stuart ONeal III

    Board President

    Total calculated
    $0
    Hours/week
    0.5

  • Rob Keegan

    Board Vice President

    Total calculated
    $0
    Hours/week
    0.5

  • 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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349328124

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