Hamilton Community Foundation INC

Tax-deductible

Aurora, NE501(c)(3)Foundations & GrantmakersEIN 47-6038289Revenue $2.7M in FY2024

On file with the IRS1108 L St, 68818-2039 · Aurora, NETax-exempt since Jan 1966Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Foundation is to receive, administer, and disburse funds for the charitable or educational purposes as will, in the discretion of the board of directors, make for the mental, moral, intellectual, and physical improvement, assistance and relief of the inhabitants of Hamilton county, nebraska.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 40 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $843K a year · 36% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$62K
to officers and key staff · 4% of spending
Top officer’s pay lower than 90% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$385K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+322% vs prior year
Spent
$1.8M
To programs
81%
Net assets
$21.3M
By yearFY2020–FY2024
Revenue
$2.7M
FY2024▲ +322%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.0M
FY2021$4.3M
FY2022$917K
FY2023$649K
FY2024$2.7M
Expenses
$1.8M
FY2024▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.5M
FY2022$1.7M
FY2023$1.4M
FY2024$1.8M
Net assets
$21.3M
FY2024▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$19.2M
FY2021$21.3M
FY2022$17.5M
FY2023$19.4M
FY2024$21.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1966.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $1.4M Management & general 17% · $296K Fundraising 2% · $33K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990; $62K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$62,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Tammy Morris’s $62K as Executive Di is at the 10th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Tammy Morris$62,000$52,000$52,000$52,225$42,083

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Hamilton Community Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Distributes funds to improve the lives of Hamilton County, Nebraska residents.

Questions for Hamilton Community Foundation INC

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2024
01

Hamilton community foundation, inc. Administers donated funds for approximately 158 different funds.

$1.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 95 grants · $5.0M · 2020–2024
Unitemized GrantFY2024$374,831
Heartland United Way INCNE · FY2024$113,000
Memorial Foundation INCNE · FY2024$86,102
Village of HordvilleFY2024$83,187
Bremer Community Center INCNE · FY2024$80,000
Nebraska Wesleyan UniversityNE · FY2024$67,500
Hampton Public Schools FoundationFY2024$50,000
Hamilton CountyFY2024$25,000
Hastings College FoundationNE · FY2024$19,469
Aurora United Methodist ChurchFY2024$19,469
Aurora Library FoundationNE · FY2024$15,989
Three Pillars InitiativeIL · FY2024$11,500
The Plainsman MuseumNE · FY2024$9,932
Marquette Rural Volunteer FirerescFY2024$8,517
American LegionNE · FY2024$8,444
See all 95 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$1.9M
Investment incomeLn 3$795K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.4M
Managementcol C$296K
Fundraisingcol D$33K
Owns and owesPt X
$21.3M
net assets · Ln 32
Cash and savingsLn 1–2$420K
Total assetsLn 16$21.7M
LiabilitiesLn 26$385K
PeoplePt VI, VII
22
listed · VII A
PaidVII A1
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Investment incomeLn 3$795K
Gains on assetsLn 7$208K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$420K
Cash and savings togetherLn 1–2$420K
InvestmentsLn 11–13$21.0M
Land, buildings, equipmentLn 10c$162K
Total assetsLn 16$21.7M
LiabilitiesLn 26$385K
Net assetsLn 32$21.3M
OperationsPt I, VI
EmployeesI 53
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$131K$420K
InvestmentsLn 11–13$19.3M$21.0M
Land, buildings, equipmentLn 10c$163K$162K
Total assetsLn 16$19.6M$21.7M
LiabilitiesLn 26$253K$385K
Net assetsLn 32$19.4M$21.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.0M$1.0M
Grants to domestic individualsLn 2$375K$375K
Pay of current officers, directors and key staffLn 5$62K$50K$12K
Other salaries and wagesLn 7$69K$55K$14K
Payroll taxesLn 10$10K$8K$2K
Management feesLn 11a$3K$3K
Accounting feesLn 11c$10K$10K
Investment management feesLn 11f$113K$113K
Advertising and promotionLn 12$9K$7K$2K
Office expensesLn 13$5K$4K$957
Information technologyLn 14$31K$8K$22K$1K
OccupancyLn 16$6K$6K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$10K$10K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$13K$12K$1K$650
All other expensesLn 24e$586$586
Total functional expensesLn 25$1.8M$1.4M$296K$33K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.7M$1.8M$980K$21.3M 990 PDF
FY2023 $649K$1.4M−$772K$19.4M 990 PDF
FY2022 $917K$1.7M−$755K$17.5M 990 PDF
FY2021 $4.3M$1.5M$2.8M$21.3M 990 PDF
FY2020 $3.0M$1.1M$1.9M$19.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $2,739,458 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $595,579$1,948,647
I-9 Program service revenue$0
I-10 Investment incomePrior year $51,156$795,342
I-11 Other revenuePrior year $2,350−$4,531
I-12 Total revenuePrior year $649,085$2,739,458
I-13 Grants and similar amounts paidPrior year $1,102,340$1,411,321
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $129,478$141,111
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $189,614$206,984
I-18 Total expensesPrior year $1,421,432$1,759,416
I-19 Revenue less expensesPrior year −$772,347$980,042
Part VI · Governance 21 of 21 board members independent, 2 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,739,458 across 7 lines filed
VIII-1f All other contributions, gifts and grants$1,948,647
VIII-1h Total contributions, gifts and grants$1,948,647
VIII-3 Investment incomeExcluded from tax $587,018$587,018
VIII-7 Net gain or loss on sales of assetsRelated to mission $208,324$208,324
VIII-8 Net income from fundraising events−$8,371
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,840$3,840
VIII-12 Total revenueRelated to mission $212,164 · Excluded from tax $587,018$2,739,458
Part IX · Statement of functional expenses $1,759,416 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $1,036,490$1,036,490
IX-2 Grants to domestic individualsPrograms $374,831$374,831
IX-5 Pay of current officers, directors and key staffManagement $49,600 · Fundraising $12,400$62,000
IX-7 Other salaries and wagesManagement $55,304 · Fundraising $13,826$69,130
IX-10 Payroll taxesManagement $7,985 · Fundraising $1,996$9,981
IX-11a Management feesManagement $3,151$3,151
IX-11c Accounting feesManagement $9,550$9,550
IX-11f Investment management feesManagement $112,661$112,661
IX-12 Advertising and promotionManagement $7,040 · Fundraising $1,760$8,800
IX-13 Office expensesManagement $3,830 · Fundraising $957$4,787
IX-14 Information technologyPrograms $7,754 · Management $22,405 · Fundraising $1,078$31,237
IX-16 OccupancyManagement $6,181$6,181
IX-19 Conferences, conventions and meetingsManagement $1,644$1,644
IX-22 Depreciation, depletion and amortizationManagement $10,080$10,080
IX-23 InsuranceManagement $4,990$4,990
IX-24 Other expenses (24a–d)Programs $11,562 · Management $1,105 · Fundraising $650$13,317
IX-24e All other expensesManagement $586$586
IX-25 Total functional expensesPrograms $1,430,637 · Management $296,112 · Fundraising $32,667$1,759,416
Part X · Balance sheet $21,669,401 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $130,630$420,244
X-3 Pledges and grants receivableStart of year $90,000$96,619
X-10c Land, buildings and equipment, netStart of year $163,114$161,850
X-11 Publicly traded securitiesStart of year $19,260,493$20,990,688
X-16 Total assetsStart of year $19,644,481$21,669,401
X-17 Accounts payable and accrued expensesStart of year $14,747$17,956
X-18 Grants payableStart of year $238,419$367,247
X-26 Total liabilitiesStart of year $253,166$385,203
X-27 Net assets without donor restrictionsStart of year $4,980,084$5,220,175
X-28 Net assets with donor restrictionsStart of year $14,411,231$16,064,023
X-32 Total net assets or fund balancesStart of year $19,391,315$21,284,198
X-33 Total liabilities and net assetsStart of year $19,644,481$21,669,401
Part XI · Reconciliation of net assets $21,284,198 net assets at year end
XI-1 Total revenue$2,739,458
XI-2 Total expenses$1,759,416
XI-3 Revenue less expenses$980,042
XI-4 Net assets at start of year$19,391,315
XI-5 Net unrealized gains (losses) on investments$912,841
XI-10 Net assets at end of year$21,284,198

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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