Horatio Williams Foundation FY2024 filing

Tax-deductible

Detroit, MI501(c)(3)Since 1999Recreation & SportsEIN 20-4981277Revenue $997K in FY2024

On file with the IRShoratiowilliamsfoundation.org1010 Antietam Ave, 48207-2832 · Detroit, MITax-exempt since Aug 2007Publicly supported charity — 170(b)(1)(A)(vi)

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The organizations mission is to receive and administer funds for recreational activities, tutoring and scholarships for disadvantaged youth

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $76K a year · 10% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $58K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$160K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$997K
+111% vs prior year
Spent
$676K
To programs
91%
Net assets
$1.4M
By yearFY2020–FY2025
Revenue
$997K
FY2024▲ +111%
Tap a bar for its year
Revenue by fiscal year
FY2020$756K
FY2021$334K
FY2022$408K
FY2023$473K
FY2024$997K
FY2025$1.7M
Expenses
$676K
FY2024▲ +37%
Tap a bar for its year
Expenses by fiscal year
FY2020$355K
FY2021$468K
FY2022$600K
FY2023$495K
FY2024$676K
FY2025$1.6M
Net assets
$1.4M
FY2024▲ +28%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.1M
FY2023$1.1M
FY2024$1.4M
FY2025$1.6M

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

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2007.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $618K Management & general 9% · $58K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Co-Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Horatio Williams Foundation 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 15aNo

Programs and updates

Funds recreational activities, tutoring, and scholarships for disadvantaged youth.

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Provided by the organization

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1 program · $618K · in their own filed words · FY2024
01

The organization provides recreational activities and tutoring for disadvantaged youth.

$618Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$58K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$997K
Ln 12
Gifts and grantsLn 1h$985K
Investment incomeLn 3$7K
Fees for servicesLn 2g$5K
Money outPt IX
$676K
Ln 25
Programscol B$618K
Managementcol C$58K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$680K
Total assetsLn 16$1.5M
LiabilitiesLn 26$160K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$985K
Fees for servicesLn 2g$5K
Investment incomeLn 3$7K
Total revenueLn 12$997K
Assets in detailPt X, end of year
CashLn 1$680K
Cash and savings togetherLn 1–2$680K
Land, buildings, equipmentLn 10c$703K
Total assetsLn 16$1.5M
LiabilitiesLn 26$160K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 50
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$320K$680K
Land, buildings, equipmentLn 10c$741K$703K
Total assetsLn 16$1.2M$1.5M
LiabilitiesLn 26$163K$160K
Net assetsLn 32$1.1M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$8K$8K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$25K$23K$3K
Office expensesLn 13$163K$148K$15K
Information technologyLn 14$5K$5K
RoyaltiesLn 15$0
OccupancyLn 16$149K$144K$5K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$800$800
InterestLn 20$1K$1K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$39K$39K
InsuranceLn 23$9K$8K$945
Other expenses (24a–d)Ln 24$276K$258K$18K
All other expensesLn 24e$0
Total functional expensesLn 25$676K$618K$58K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.7M$1.6M$84K$1.6M 990 PDF
FY2024 Viewing $997K$676K$321K$1.4M 990 PDF
FY2023 $473K$495K−$22K$1.1M 990 PDF
FY2022 $408K$600K−$192K$1.1M 990 PDF
FY2021 $334K$468K−$134K$1.3M 990 PDF
FY2020 $756K$355K$401K$1.2M 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 $997,369 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $471,650$985,202
I-9 Program service revenuePrior year $940$4,723
I-10 Investment income$7,444
I-11 Other revenue$0
I-12 Total revenuePrior year $472,590$997,369
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $494,766$676,076
I-18 Total expensesPrior year $494,766$676,076
I-19 Revenue less expensesPrior year −$22,176$321,293
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $997,369 across 5 lines filed
VIII-1f All other contributions, gifts and grants$985,202
VIII-1h Total contributions, gifts and grants$985,202
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,723$4,723
VIII-3 Investment incomeRelated to mission $7,444$7,444
VIII-12 Total revenueRelated to mission $12,167$997,369
Part IX · Statement of functional expenses $676,076 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $8,167$8,167
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $22,700 · Management $2,625$25,325
IX-13 Office expensesPrograms $147,995 · Management $15,408$163,403
IX-14 Information technologyManagement $4,958$4,958
IX-15 Royalties$0
IX-16 OccupancyPrograms $143,615 · Management $5,406$149,021
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $800$800
IX-20 InterestManagement $1,070$1,070
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $38,597$38,597
IX-23 InsurancePrograms $8,069 · Management $945$9,014
IX-24 Other expenses (24a–d)Programs $257,521 · Management $18,200$275,721
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $618,497 · Management $57,579 · Fundraising $0$676,076
Part X · Balance sheet $1,512,306 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $319,763$679,652
X-4 Accounts receivableStart of year $158,266$129,913
X-10c Land, buildings and equipment, netStart of year $741,337$702,741
X-16 Total assetsStart of year $1,219,366$1,512,306
X-25 Other liabilitiesStart of year $160,187$160,187
X-26 Total liabilitiesStart of year $163,151$160,187
X-27 Net assets without donor restrictionsStart of year $1,056,215$1,352,119
X-32 Total net assets or fund balancesStart of year $1,056,215$1,352,119
X-33 Total liabilities and net assetsStart of year $1,219,366$1,512,306
Part XI · Reconciliation of net assets $1,352,119 net assets at year end
XI-1 Total revenue$997,369
XI-2 Total expenses$676,076
XI-3 Revenue less expenses$321,293
XI-4 Net assets at start of year$1,056,215
XI-8 Prior period adjustments−$25,389
XI-10 Net assets at end of year$1,352,119

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

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