Hoyt Foundation INC

Tax-deductible

Sturbridge, MA501(c)(3)Human ServicesEIN 22-2940515Revenue $351K in FY2024

On file with the IRSteamhoyt.com316 Main St Unit 1168, 01566-1659 · Sturbridge, MATax-exempt since Mar 1993Publicly supported charity — 170(b)(1)(A)(vi)

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Educate society about the inclusion of people with disabilities in family and community activities.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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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
0 of 5
filings with a surplus
Average deficit $51K a year · 20% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5K
to officers and key staff · 1% of spending
Top officer’s pay lower than 98% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $223K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$351K
-2% vs prior year
Spent
$356K
To programs
92%
Net assets
$978K
By yearFY2020–FY2024
Revenue
$351K
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$154K
FY2021$95K
FY2022$303K
FY2023$357K
FY2024$351K
Expenses
$356K
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$251K
FY2021$242K
FY2022$303K
FY2023$362K
FY2024$356K
Net assets
$978K
FY2024▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$972K
FY2022$868K
FY2023$892K
FY2024$978K

From the FY2024 Form 990 (year ending September 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1993.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $329K Management & general 8% · $27K

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; $5K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director
$5,000Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President, C
$0Pt VII · Sec A

Zoe Hoyt’s $5K as Director is at the 2nd percentile of top reported officer pay among 2167 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2020
Zoe Hoyt$5,000—
Kathleen Boyer—$5,000

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes inclusion of people with disabilities in family and community activities.

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Provided by the organization

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1 program · $329K · in their own filed words · FY2023
01

To educate society about the inclusion of people with disabilities in family and community activities through direct participation in road races, triathlons and other endurance events. The foundation also provides advice and support to groups and individuals who share this mission.

$329Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$223K
Grants paid · 25 grants · $894K · 2019–2023
See all 25 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$351K
Ln 12
Gifts and grantsLn 1h$336K
Investment incomeLn 3$38K
Fees for servicesLn 2g$24K
Money outPt IX
$356K
Ln 25
Programscol B$329K
Managementcol C$27K
Owns and owesPt X
$978K
net assets · Ln 32
Cash and savingsLn 1–2$69K
Total assetsLn 16$989K
LiabilitiesLn 26$10K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$336K
Noncash giftsLn 1g$1K
Fees for servicesLn 2g$24K
Investment incomeLn 3$38K
Gains on assetsLn 7−$47K
Total revenueLn 12$351K
Assets in detailPt X, end of year
CashLn 1$69K
Cash and savings togetherLn 1–2$69K
InvestmentsLn 11–13$913K
Other assetsLn 15$6K
Total assetsLn 16$989K
LiabilitiesLn 26$10K
Net assetsLn 32$978K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
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$30K$69K
InvestmentsLn 11–13$866K$913K
Total assetsLn 16$902K$989K
LiabilitiesLn 26$10K$10K
Net assetsLn 32$892K$978K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$145K$145K
Pay of current officers, directors and key staffLn 5$5K$5K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$115K$115K$319
Advertising and promotionLn 12$39K$39K
Office expensesLn 13$16K$16K
OccupancyLn 16$1K$1K
TravelLn 17$30K$30K
Total functional expensesLn 25$356K$329K$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $351K$356K−$6K$978K 990 PDF
FY2023 $357K$362K−$5K$892K 990 PDF
FY2022 $303K$303K−$644$868K 990 PDF
FY2021 $95K$242K−$147K$972K 990 PDF
FY2020 $154K$251K−$98K$1.1M 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 $350,597 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $336,681$336,345
I-9 Program service revenue$24,406
I-10 Investment incomePrior year $20,549−$8,990
I-11 Other revenue−$1,164
I-12 Total revenuePrior year $357,230$350,597
I-13 Grants and similar amounts paidPrior year $187,101$145,012
I-14 Benefits paid to members$0
I-15 Salaries and benefits$5,000
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $174,928$206,108
I-18 Total expensesPrior year $362,029$356,120
I-19 Revenue less expensesPrior year −$4,799−$5,523
Part VI · Governance 3 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $350,597 across 8 lines filed
VIII-1f All other contributions, gifts and grants$336,345
VIII-1g Noncash contributions (included above)$1,200
VIII-1h Total contributions, gifts and grants$336,345
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $24,406$24,406
VIII-3 Investment incomeRelated to mission $37,515$37,515
VIII-7 Net gain or loss on sales of assetsRelated to mission −$46,505−$46,505
VIII-8 Net income from fundraising events−$1,164
VIII-12 Total revenueRelated to mission $15,416$350,597
Part IX · Statement of functional expenses $356,120 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $145,012$145,012
IX-5 Pay of current officers, directors and key staffManagement $5,000$5,000
IX-11c Accounting feesManagement $5,000$5,000
IX-11g Other fees for servicesPrograms $114,833 · Management $319$115,152
IX-12 Advertising and promotionPrograms $39,107$39,107
IX-13 Office expensesManagement $15,518$15,518
IX-16 OccupancyManagement $1,200$1,200
IX-17 TravelPrograms $30,131$30,131
IX-25 Total functional expensesPrograms $329,083 · Management $27,037 · Fundraising $0$356,120
Part X · Balance sheet $988,651 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $29,914$68,829
X-11 Publicly traded securitiesStart of year $866,000$913,377
X-15 Other assetsStart of year $6,230$6,445
X-16 Total assetsStart of year $902,144$988,651
X-17 Accounts payable and accrued expensesStart of year $10,200$10,200
X-26 Total liabilitiesStart of year $10,200$10,200
X-32 Total net assets or fund balancesStart of year $891,944$978,451
X-33 Total liabilities and net assetsStart of year $902,144$988,651
Part XI · Reconciliation of net assets $978,451 net assets at year end
XI-1 Total revenue$350,597
XI-2 Total expenses$356,120
XI-3 Revenue less expenses−$5,523
XI-4 Net assets at start of year$891,944
XI-5 Net unrealized gains (losses) on investments$92,030
XI-10 Net assets at end of year$978,451

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

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