Hill Institute

Tax-deductible

Florence, MA501(c)(3)Since 1876EIN 04-2111391Revenue $669K in FY2024

On file with the IRShillinstitute.com83 Pine St, 01062-1924 · Florence, MATax-exempt since Mar 1944Publicly supported charity — 170(b)(1)(A)(vi)

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Provide low cost domestic arts and science classes to adults and youth students

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 6 volunteers and 43 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 4
filings with a surplus
Average surplus $323K a year · 43% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$133K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$17K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 8 voting members
Looks good: 5 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$669K
+36% vs prior year
Spent
$528K
To programs
66%
Net assets
$10.6M
By yearFY2021–FY2024
Revenue
$669K
FY2024▲ +36%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.4M
FY2022$567K
FY2023$482K
FY2024$493K
FY2024$669K
Expenses
$528K
FY2024▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2021$358K
FY2022$376K
FY2023$484K
FY2024$471K
FY2024$528K
Net assets
$10.6M
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2021$10.5M
FY2022$8.8M
FY2023$9.3M
FY2024$10.0M
FY2024$10.6M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1944.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $351K Management & general 34% · $178K

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

9 people listed on the 990; $133K paid to officers and key staff.

Part VII, Section A · reportable compensation
Trustee/Executive Director
$106,789Pt VII · Sec A
Treasurer/Trustee
$22,717Pt VII · Sec A
Asst Treasurer/Trustee
$3,107Pt VII · Sec A
President/Trustee
$0Pt VII · Sec A
Secretary/Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Chris Hammel$106,789$102,275$97,078$91,493$98,270
Kenneth P Deso$22,717$21,605$20,839$20,588$20,589
Lynn Bacigalupo$3,107$2,955$2,147——
Adele J Barkowski———$2,816$2,816

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.

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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

Offers affordable classes in home economics and science for all ages.

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Provided by the organization

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2 programs · $351K · in their own filed words · FY2024
01

Adult and youth domestic arts and science classes

$350Kprogram expense
02

Grant under will to free congregational society

$1Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$669K
Ln 12
Investment incomeLn 3$535K
Fees for servicesLn 2g$129K
Other incomeLn 4–11$6K
Money outPt IX
$528K
Ln 25
Programscol B$351K
Managementcol C$178K
Owns and owesPt X
$10.6M
net assets · Ln 32
Cash and savingsLn 1–2$45K
Total assetsLn 16$10.7M
LiabilitiesLn 26$17K
PeoplePt VI, VII
9
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$129K
Investment incomeLn 3$535K
Other incomeLn 4–11$6K
Gains on assetsLn 7$327K
Total revenueLn 12$669K
Assets in detailPt X, end of year
CashLn 1$45K
Cash and savings togetherLn 1–2$45K
InvestmentsLn 11–13$9.9M
Land, buildings, equipmentLn 10c$728K
Total assetsLn 16$10.7M
LiabilitiesLn 26$17K
Net assetsLn 32$10.6M
OperationsPt I, VI
EmployeesI 543
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$120K$45K
InvestmentsLn 11–13$9.2M$9.9M
Land, buildings, equipmentLn 10c$648K$728K
Total assetsLn 16$10.0M$10.7M
LiabilitiesLn 26$17K$17K
Net assetsLn 32$10.0M$10.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K$1K
Pay of current officers, directors and key staffLn 5$162K$28K$134K
Other salaries and wagesLn 7$170K$170K
Payroll taxesLn 10$32K$19K$13K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$11K$11K
OccupancyLn 16$65K$58K$6K
Depreciation, depletion and amortizationLn 22$33K$30K$3K
InsuranceLn 23$19K$18K$2K
Other expenses (24a–d)Ln 24$23K$23K$479
Total functional expensesLn 25$528K$351K$178K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $493K$471K$22K$10.0M 990 PDF
FY2023 $482K$484K−$2K$9.3M 990 PDF
FY2022 $567K$376K$192K$8.8M 990 PDF
FY2021 $1.4M$358K$1.1M$10.5M 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 $668,755 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $126,160$128,565
I-10 Investment incomePrior year $360,464$534,518
I-11 Other revenuePrior year $6,655$5,672
I-12 Total revenuePrior year $493,279$668,755
I-13 Grants and similar amounts paidPrior year $1,000$1,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $326,687$364,407
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $143,224$163,059
I-18 Total expensesPrior year $470,911$528,466
I-19 Revenue less expensesPrior year $22,368$140,289
Part VI · Governance 5 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $668,755 across 4 lines filed
Lines not itemized here account for $5,672 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $128,565$128,565
VIII-3 Investment incomeExcluded from tax $207,125$207,125
VIII-7 Net gain or loss on sales of assetsExcluded from tax $327,393$327,393
VIII-12 Total revenueRelated to mission $134,237 · Unrelated business $0 · Excluded from tax $534,518$668,755
Part IX · Statement of functional expenses $528,466 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $1,000$1,000
IX-5 Pay of current officers, directors and key staffPrograms $28,165 · Management $133,911$162,076
IX-7 Other salaries and wagesPrograms $170,333$170,333
IX-10 Payroll taxesPrograms $19,108 · Management $12,890$31,998
IX-11c Accounting feesManagement $8,250$8,250
IX-12 Advertising and promotionPrograms $3,968$3,968
IX-13 Office expensesManagement $10,636$10,636
IX-16 OccupancyPrograms $58,101 · Management $6,456$64,557
IX-22 Depreciation, depletion and amortizationPrograms $29,690 · Management $3,299$32,989
IX-23 InsurancePrograms $17,532 · Management $1,948$19,480
IX-24 Other expenses (24a–d)Programs $22,700 · Management $479$23,179
IX-25 Total functional expensesPrograms $350,597 · Management $177,869 · Fundraising $0$528,466
Part X · Balance sheet $10,666,550 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $119,715$45,415
X-9 Prepaid expenses and deferred chargesStart of year $10,668$10,006
X-10c Land, buildings and equipment, netStart of year $648,032$728,474
X-11 Publicly traded securitiesStart of year $9,213,956$9,882,655
X-16 Total assetsStart of year $9,992,371$10,666,550
X-17 Accounts payable and accrued expensesStart of year $16,682$17,074
X-26 Total liabilitiesStart of year $16,682$17,074
X-27 Net assets without donor restrictionsStart of year $9,975,689$10,649,476
X-32 Total net assets or fund balancesStart of year $9,975,689$10,649,476
X-33 Total liabilities and net assetsStart of year $9,992,371$10,666,550
Part XI · Reconciliation of net assets $10,649,476 net assets at year end
XI-1 Total revenue$668,755
XI-2 Total expenses$528,466
XI-3 Revenue less expenses$140,289
XI-4 Net assets at start of year$9,975,689
XI-5 Net unrealized gains (losses) on investments$578,511
XI-7 Investment expenses−$45,013
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,649,476

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

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