JHM Foundation
JHM Foundation is a private foundation, based in Ada, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $277K in total assets. In 2024, it made $3K in qualifying distributions. Net investment income was $9K.
JHM Foundation at a glance
- Total assets
- $277,118
- +2.4% vs 2023
- Revenue (2024)
- $112,427
- +8.7% vs 2023
- Qualifying distributions (2024)
- $3,150
- -80.9% vs 2023
- Expenses (2024)
- $19,607
- -34.7% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who JHM Foundation funds
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How JHM Foundation gives
- Giving held roughly steady from 2020 to 2023 (−2%). Method
- In 2024 it paid out 19% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $14K (2021) to $16K (2022). In 2023 it made 1 grant totaling $14K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Words of Hope Grand Rapids, MI | To support the words of hope ministry of proclaiming the gospel through media in order to build the church in hard-to-reach places. | $14,258 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $277,118 | $112,427 | $19,607 | — | — | $3,150 | $9,359 | $16,172 |
| 2023 | $270,581 | $103,423 | $30,004 | $14,258 | 1 | $16,508 | $3,534 | $15,285 |
| 2022 | $283,445 | $102,421 | $30,379 | $15,847 | 1 | $17,547 | $3,423 | $15,958 |
| 2021 | $297,686 | $111,607 | $27,413 | $14,163 | 1 | $15,763 | $13,792 | $17,447 |
| 2020 | $299,775 | $93,971 | $26,812 | $14,565 | 1 | — | — | $15,388 |
Under IRS private-foundation payout rules, JHM Foundation reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
JHM Foundation's 2024 filing lists 3 officers; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
Larry E. Roslund
Trustee
On filings since 2020
1 hr/week
$5K (2020) → $13K (2024)
Lori Neitzel
Advisory Committee Trustee
On filings since 2020
No compensation reported
Timothy Myaard
Advisory Committee Trustee
On filings since 2020
No compensation reported
Former officers (1)
- Former: Michael Myaard (2020–2021) — Advisory Committee Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $13K, to Larry E Roslund (Trustee).
Frequently asked questions about JHM Foundation
How large is JHM Foundation?
JHM Foundation reported $277K in total assets on its 2024 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $16K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does JHM Foundation operate?
JHM Foundation has awarded grants in Michigan.
What is JHM Foundation's EIN?
JHM Foundation's EIN (Employer Identification Number) is 20-4188086. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Figures come from JHM Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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