FRIENDS OF THE HAMILTON SCHOOLS FOUNDATION INC

EIN: 363892303 501(c)(3) Education

HAMILTON, MT

Total Revenue
$133,739
Total Expenses
$206,210
Total Assets
$3,891,812
Net Assets
$3,747,346
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
MT
Principal Officer
JANE MASON
Phone
4063967279
Tax Period
2023-01-01 to 2023-12-31

FRIENDS OF THE HAMILTON SCHOOLS FOUNDATION INC, founded in 1993, is a small nonprofit in the Education sector that reported $134K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $206K exceeded revenue, resulting in a 54% operating deficit.

Mission

THE FOUNDATION EXISTS TO CREATE AND MAINTAIN A FINANCIAL BASE TO SUPPORT THE NON-FUNDED NEEDS OF THE HAMILTON SCHOOL DISTRICT AND TO FUND SCHOLARSHIPS FOR THEIR GRADUATES ATTENDING POST GRADUATE EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $119,650 Revenue: $0

FORTY-FOUR SCHOLARSHIPS WERE PAID OUT TO COLLEGES AND UNIVERSITIES THROUGHOUT THE NATION ON BEHALF OF GRADUATING SENIORS AND HHS ALUMNI FROM DONATIONS AND ENDOWMENT EARNINGS ACCUMULATED SINCE 1993...

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FORTY-FOUR SCHOLARSHIPS WERE PAID OUT TO COLLEGES AND UNIVERSITIES THROUGHOUT THE NATION ON BEHALF OF GRADUATING SENIORS AND HHS ALUMNI FROM DONATIONS AND ENDOWMENT EARNINGS ACCUMULATED SINCE 1993. THE SCHOLARSHIPS ARE PAID BASED ON CRITERIA ESTABLISHED WHEN THE FUNDS WERE COLLECTED.

Program 2
Expenses: $19,422 Revenue: $0

TWENTY-ONE GRANTS WERE PAID OUT TO PROVIDE FUNDS FOR SPECIAL PROJECTS IN THE HAMILTON SCHOOL DISTRICT AND LOCAL COMMUNITY THAT WERE NOT FUNDED WITHIN THE NORMAL SCHOOLS OPERATING BUDGETS.

Program 3
Expenses: $0 Revenue: $0

ZERO SCHOLARSHIPS WERE PAID OUT ON BEHALF OF CURRENT TEACHERS IN THE HAMILTON SCHOOL DISTRICT FOR CONTINUING EDUCATION. THIS PROGRAM WILL RESUME IN 2024.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $44,676
Program Service Revenue $0
Investment Income $89,063
Other Revenue $0
TOTAL REVENUE $133,739

Expense Breakdown

Grants Paid $139,072
Salaries & Benefits $1,500
Fundraising Expenses $0
Program Expenses $139,072
Other Expenses $65,638
TOTAL EXPENSES $206,210

Year-over-Year Comparison

2023 2022 Change
Revenue $133,739 $235,228 -0.4%
Expenses $206,210 $179,031 +0.2%
Net Income $-72,471 $56,197 -2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
11
$1,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN MIKESELL PRESIDENT 1.00
Officer Director
$0 $0 $0
JANE MASON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KERRY HANSON DIRECTOR 1.00
Director
$0 $0 $0
TAYLOR KING DIRECTOR 1.00
Director
$0 $0 $0
SHARON MATTIX DIRECTOR 1.00
Director
$750 $0 $750
MONA MCCARTY DIRECTOR 1.00
Director
$750 $0 $750
MARISA NEYENHUIS DIRECTOR 1.00
Director
$0 $0 $0
JEAN STEELE DIRECTOR 1.00
Director
$0 $0 $0
MARIE ANTONIOLI DIRECTOR 1.00
Director
$0 $0 $0
ALEXIS HOLLAND DIRECTOR 1.00
Director
$0 $0 $0
JAMIE TADVICK DIRECTOR 1.00
Director
$0 $0 $0
JILL HANSEN TREASURER 3.00
Officer
$0 $0 $0
RONDA HANSEN SECRETARY 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $133,739 $206,210 $3,891,812 $-72,471
2022 $235,228 $179,031 $3,623,308 $56,197
2021 $255,344 $157,567 $4,151,800 $97,777
2020 $391,049 $146,027 $3,792,829 $245,022
2019 $199,399 $144,871 $3,368,830 $54,528
2018 $326,948 $140,975 $2,896,336 $185,973
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