New Hytes INC

Tax-deductible

Branford, CT501(c)(3)Youth DevelopmentEIN 27-0772846Revenue $677K in FY2024

On file with the IRSnewhytes.org61 Gould Ln, 06405-6124 · Branford, CTTax-exempt since Mar 2010Publicly supported charity — 170(b)(1)(A)(vi)

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To enrich the lives and positively affect the futures of New haven's economically disadvantaged youth through a program that incorporates life skills curriculum and academic supports and promotes both character building and the health benefits of participation in athletics through tennis.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 10 volunteers and 14 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 5
filings with a surplus
Average surplus $129K a year · 30% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 22.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $211K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$894
0.10% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$677K
+0.4% vs prior year
Spent
$402K
To programs
77%
Net assets
$917K
By yearFY2020–FY2024
Revenue
$677K
FY2024+0.4%
Tap a bar for its year
Revenue by fiscal year
FY2020$154K
FY2021$193K
FY2022$420K
FY2023$675K
FY2024$677K
Expenses
$402K
FY2024▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$225K
FY2021$239K
FY2022$265K
FY2023$345K
FY2024$402K
Net assets
$917K
FY2024▲ +44%
Tap a bar for its year
Net assets by fiscal year
FY2020$197K
FY2021$151K
FY2022$307K
FY2023$637K
FY2024$917K

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 2010.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $309K Management & general 11% · $43K Fundraising 12% · $50K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A

Mavi Sanchez’s $82K as Executive Director is at the 74th percentile of top reported officer pay among 1993 $100K–1M youth development 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.

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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 15aYes

Programs and updates

Enriches disadvantaged youth lives through tennis, life skills, academics, and character building.

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Provided by the organization

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1 program · $309K · in their own filed words · FY2024
01

To enrich the lives and positively affect the futures of new haven's economically disadvantaged youth through a program that incorporates life skills curriculum and academic supports and promotes both character building and the health benefits of participation in athletics through tennis.

$309Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$211K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$677K
Ln 12
Gifts and grantsLn 1h$664K
Investment incomeLn 3$14K
Money outPt IX
$402K
Ln 25
Programscol B$309K
Managementcol C$43K
Fundraisingcol D$50K
Owns and owesPt X
$917K
net assets · Ln 32
Cash and savingsLn 1–2$739K
Total assetsLn 16$918K
LiabilitiesLn 26$894
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$664K
Government grantsLn 1e$5K
Noncash giftsLn 1g$5K
Fundraising eventsLn 1c$17K
Investment incomeLn 3$14K
Total revenueLn 12$677K
Assets in detailPt X, end of year
CashLn 1$312K
SavingsLn 2$426K
Cash and savings togetherLn 1–2$739K
Land, buildings, equipmentLn 10c$33K
Other assetsLn 15$147K
Total assetsLn 16$918K
LiabilitiesLn 26$894
Net assetsLn 32$917K
OperationsPt I, VI
EmployeesI 514
VolunteersI 610
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$449K$739K
Land, buildings, equipmentLn 10c$42K$33K
Total assetsLn 16$639K$918K
LiabilitiesLn 26$1K$894
Net assetsLn 32$637K$917K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$137K$68K$27K$41K
Other salaries and wagesLn 7$49K$49K
Other employee benefitsLn 9$18K$18K
Payroll taxesLn 10$15K$10K$2K$3K
Management feesLn 11a$83K$83K
Legal feesLn 11b$256$256
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$3K$2K$414$620
Advertising and promotionLn 12$453$453
Office expensesLn 13$2K$2K
Information technologyLn 14$2K$993$497$497
OccupancyLn 16$42K$42K
TravelLn 17$3K$841$3K
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$6K$3K$3K
Other expenses (24a–d)Ln 24$24K$18K$5K
All other expensesLn 24e$7K$4K$301$2K
Total functional expensesLn 25$402K$309K$43K$50K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $677K$402K$275K$917K 990 PDF
FY2023 $675K$345K$330K$637K 990 PDF
FY2022 $420K$265K$155K$307K 990 PDF
FY2021 $193K$239K−$46K$151K 990 PDF
FY2020 $154K$225K−$71K$197K 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 $677,405 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $676,129$664,169
I-9 Program service revenue$0
I-10 Investment incomePrior year $211$14,142
I-11 Other revenuePrior year −$1,474−$906
I-12 Total revenuePrior year $674,866$677,405
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $229,112$219,442
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $115,938$182,869
I-18 Total expensesPrior year $345,050$402,311
I-19 Revenue less expensesPrior year $329,816$275,094
Part VI · Governance 14 of 14 board members independent, 3 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $677,405 across 8 lines filed
VIII-1c Fundraising events$17,401
VIII-1e Government grants$5,000
VIII-1f All other contributions, gifts and grants$641,768
VIII-1g Noncash contributions (included above)$4,934
VIII-1h Total contributions, gifts and grants$664,169
VIII-3 Investment incomeExcluded from tax $14,142$14,142
VIII-8 Net income from fundraising events−$906
VIII-12 Total revenueExcluded from tax $14,142$677,405
Part IX · Statement of functional expenses $402,311 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $68,425 · Management $27,370 · Fundraising $41,055$136,850
IX-7 Other salaries and wagesPrograms $48,908$48,908
IX-9 Other employee benefitsPrograms $18,234$18,234
IX-10 Payroll taxesPrograms $10,235 · Management $2,086 · Fundraising $3,129$15,450
IX-11a Management feesPrograms $83,208$83,208
IX-11b Legal feesManagement $256$256
IX-11c Accounting feesManagement $2,403$2,403
IX-11g Other fees for servicesPrograms $1,773 · Management $414 · Fundraising $620$2,807
IX-12 Advertising and promotionPrograms $453$453
IX-13 Office expensesManagement $1,599$1,599
IX-14 Information technologyPrograms $993 · Management $497 · Fundraising $497$1,987
IX-16 OccupancyPrograms $41,974$41,974
IX-17 TravelPrograms $841 · Fundraising $2,522$3,363
IX-22 Depreciation, depletion and amortizationPrograms $8,758$8,758
IX-23 InsurancePrograms $2,900 · Management $2,977$5,877
IX-24 Other expenses (24a–d)Programs $18,232 · Management $5,300$23,532
IX-24e All other expensesPrograms $4,443 · Management $301 · Fundraising $1,908$6,652
IX-25 Total functional expensesPrograms $309,377 · Management $43,203 · Fundraising $49,731$402,311
Part X · Balance sheet $917,818 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $176,492$312,184
X-2 Savings and temporary cash investmentsStart of year $272,542$426,367
X-10c Land, buildings and equipment, netStart of year $41,516$32,758
X-15 Other assetsStart of year $146,509$146,509
X-16 Total assetsStart of year $638,559$917,818
X-17 Accounts payable and accrued expensesStart of year $1,477$894
X-26 Total liabilitiesStart of year $1,477$894
X-27 Net assets without donor restrictionsStart of year $505,295$741,130
X-28 Net assets with donor restrictionsStart of year $131,787$175,794
X-32 Total net assets or fund balancesStart of year $637,082$916,924
X-33 Total liabilities and net assetsStart of year $638,559$917,818
Part XI · Reconciliation of net assets $916,924 net assets at year end
XI-1 Total revenue$677,405
XI-2 Total expenses$402,311
XI-3 Revenue less expenses$275,094
XI-4 Net assets at start of year$637,082
XI-5 Net unrealized gains (losses) on investments$4,748
XI-10 Net assets at end of year$916,924

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

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