Hillmen Foundation EIN 68-0168995 Form 990 (PDF) Claim this org

Hillmen Foundation FY2024 filing

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Subsidizes programs and offers scholarships to enhance student education at Placer High School. For fiscal year 2024 it reported $129K in revenue, $91K in expenses, and $297K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Auburn, CA
Website
hillmenfoundation.org
Filings
5 on file (2021–2024)
Revenue
$129KFY2024
Expenses
$91K
Net assets
$297K
People
29
Filings
5
Updates
0
More identity details & actions ⌄
EIN  68-0168995 Public charity (501(c)(3)) Auburn, CA
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Subsidizes programs and offers scholarships to enhance student education at Placer High School.
Leadership
Shana McDonald · Board Chair
Money in and out
$129K revenue, $91K expenses
Bottom line
96% program efficiency
Where the money goes · FY2024
Total revenue
$129K
Pt VIII · Ln 12
Total expenses
$91K
Pt IX · Ln 25
Net assets
$297K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $38K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs
Operating runway
39.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+29%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$129K
FY2024▼ -3%
Expenses
$91K
FY2024▼ -4%
Total assets
$297K
FY2024▲ +11%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$129K
Pt VIII · Ln 12
Total expenses
$91K
Pt IX · Ln 25
Net assets
$297K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$38K
Total assetsPt X · Ln 16$297K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 329
Independent voting membersPt I · Ln 429
Mission & Programs · Part III

Where the work happens

3 program services account for $88K of program spending, described in the organization's own filed words · FY2023.
01

Offer scholarships to outstanding students at placer high schools senior graduating class.

$42Kprogram expense
02

Grants to placer high school to use for athletics programs, scholastic programs, school activities and alumni events.

$41Kprogram expense
03

Promoted the efforts and purpose of the organization and the students and grads of placer high school

$5Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHillmen Foundation
EINHdr · item D68-0168995
Principal addressHdr · item CAuburn, CA
WebsiteHdr · item Jhillmenfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 1989

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a29
Independent voting membersPt VI · Ln 1b29
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer/Fi
$0Pt VII · Sec A
Recorder
$0Pt VII · Sec A
Alumni Coord
$0Pt VII · Sec A
Comm/School
$0Pt VII · Sec A
$0Pt VII · Sec A
Fund Develop
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$125K · 96%
Investment income$10K · 8%
Contributions & grants96%$125K
Investment income8%$10K
Total revenueLn 12$129K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$88K
Management & general4%$3K
Total functional expensesLn 25$91K

Balance Sheet

Part X · end of year
CashLn 1$297K
Total assetsLn 16$297K
Total liabilitiesLn 26$0
Total net assetsLn 32$297K
Months of cash on handcomputed39.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $297K · Operating expenses/yr $91K
39.0 months
Where the money goes
Program services
Program services $88K · Total expenses $91K
96%
Management & General
Management & general $3K · Total expenses $91K
4%
Fundraising
Fundraising $0 · Total expenses $91K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $42 · Solicited contributions (2-yr avg) $114K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $125K · Total revenue $129K
96%
Government reliance
Government grants — · Total revenue $129K
Earned-income share
Program service revenue $0 · Total revenue $129K
0%
Investment reliance
Investment income $10K · Total revenue $129K
+8%
Program self-sufficiency
Program service revenue $0 · Total expenses $91K
0%
Growth & trend
Revenue growth (YoY)
This year $129K · Prior year $133K
-3%
Net-asset trend (YoY)
End of year $297K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $129K · Expenses $91K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $297K
Net-asset ratio
Net assets $297K · Total assets $297K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $297K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Shana McDonald · Reported title BOARD CHAIR · Highest reported compensation $0 · Total expenses $91K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $91K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth -3%
Investment management fee ratio 0.03%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$10K
Grants paid · 5 grants · $183K · 2022–2024
Unitemized GrantFY2024$46,000
Placer High SchoolFY2024$44,491
Unitemized GrantFY2023$42,000
Placer High SchoolFY2023$40,749
Placer High SchoolFY2022$10,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$122K revenue · ⤓ 990 PDF
FY2024$129K revenue · viewing · ⤓ 990 PDF
FY2023$133K revenue · ⤓ 990 PDF
FY2022$65K revenue · ⤓ 990 PDF
FY2021$44K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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