Haymakers for Hope INC

Tax-deductible

Wellesley, MA501(c)(3)Medical ResearchEIN 30-0694643Revenue $4.6M in FY2025

On file with the IRShaymakersforhope.org31 Edmunds Rd, 02481-2907 · Wellesley, MATax-exempt since Jul 2012Publicly supported charity — 170(b)(1)(A)(vi)

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The organization's mission is to raise money and awareness for charities that meet the qualifications as described in section 501(c)(3) through amateur athletic events by: 1) developing, organizing, and conducting amateur athletic events and related events, 2) conducting programs to raise awareness about issues of public concern, including but not limited to public health and medical research issues, 3) through athletic and other events raising funds for other non profit organizations that are focused on cancer research and education in underprivileged communities.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 10 volunteers and 8 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
2 of 6
filings with a surplus
Average deficit $89K a year · 2% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$714K
to officers and key staff · 14% of spending
Top officer’s pay higher than 82% of similar orgs
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
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
Named funders
5
named funders · $17K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$388K
71% of total assets
Worth a look: liabilities are 71% of assets; over 65%.
Pt X · Ln 26
Independent board members
8
of 11 voting members
Looks good: 8 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.6M
+7% vs prior year
Spent
$4.9M
To programs
75%
Net assets
$160K
By yearFY2020–FY2025
Revenue
$4.6M
FY2025▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.2M
FY2021$629K
FY2022$4.1M
FY2023$4.8M
FY2024$4.3M
FY2025$4.6M
Expenses
$4.9M
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.5M
FY2021$864K
FY2022$3.9M
FY2023$4.2M
FY2024$4.7M
FY2025$4.9M
Net assets
$160K
FY2025▼ -70%
Tap a bar for its year
Net assets by fiscal year
FY2020$350K
FY2021$186K
FY2022$329K
FY2023$916K
FY2024$531K
FY2025$160K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2012.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $3.7M Management & general 15% · $733K Fundraising 10% · $479K

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

11 people listed on the 990; $714K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$293,500Pt VII · Sec A
Treasurer, Clerk, Director
$218,219Pt VII · Sec A
Director, Assistant Clerk
$202,038Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Andrew Myerson’s $294K as Executive Director is at the 82nd percentile of top reported officer pay among 360 $1–10M medical research 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Andrew Myerson$293,500$280,500$255,000$161,538$169,019$244,750
Mark Avery$218,219$209,000$190,000$119,231$124,645$189,371
Julie Anne Kelly$202,038$189,339$149,223$96,923$99,162$122,923

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.

See Haymakers for Hope INC 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 15aYes

Programs and updates

Organizes athletic events to raise money and awareness for charities, especially cancer research in underprivileged communities.

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Provided by the organization

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1 program · $3.7M · in their own filed words · FY2024
01

Haymakers for hope's mission is to knockout cancer the only way we know how, by literally fighting for a cure. We give everday men and women the opportunity to fight back against this terrible disease by training for, and competing in charity boxing events to raise money and awareness.

$3.7Mprogram 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 · FY2025
See all 5 funders →
Grants paid · 230 grants · $6.9M · 2019–2024
Memorial Sloan-Kettering Cancer CenterFY2024$200,000
First DescentsCO · FY2024$87,993
Alex's Lemonade Stand FoundationFY2024$80,863
Nick Strong FoundationMA · FY2024$65,351
Boston Fire Cancer FoundationFY2024$40,656
Individual RecipientFY2024$31,377
The Lilabean Foundation INCMD · FY2024$26,910
Children's National Hospital FoundationFY2024$26,909
Brigham & Women's HospitalFY2024$25,550
The Ellie FundMA · FY2024$25,264
Medical University of South Carolina - Hollings Cancer CenterFY2024$24,159
Individual RecipientFY2024$20,221
Ulman FoundationFY2024$20,000
The Thanc Foundation INCNY · FY2024$18,235
See all 230 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$4.6M
Ln 12
Fees for servicesLn 2g$4.4M
Gifts and grantsLn 1h$86K
Investment incomeLn 3$74K
Money outPt IX
$4.9M
Ln 25
Programscol B$3.7M
Managementcol C$733K
Fundraisingcol D$479K
Owns and owesPt X
$160K
net assets · Ln 32
Cash and savingsLn 1–2$398K
Total assetsLn 16$548K
LiabilitiesLn 26$388K
PeoplePt VI, VII
11
listed · VII A
PaidVII A3
Voting boardVI 1a11
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$86K
Noncash giftsLn 1g$3K
Fees for servicesLn 2g$4.4M
Investment incomeLn 3$74K
Other incomeLn 4–11$4K
Gains on assetsLn 7$68K
Total revenueLn 12$4.6M
Assets in detailPt X, end of year
CashLn 1$398K
Cash and savings togetherLn 1–2$398K
InvestmentsLn 11–13$31K
Land, buildings, equipmentLn 10c$62K
Total assetsLn 16$548K
LiabilitiesLn 26$388K
Net assetsLn 32$160K
OperationsPt I, VI
EmployeesI 58
VolunteersI 610
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$148K$398K
InvestmentsLn 11–13$265K$31K
Land, buildings, equipmentLn 10c$101K$62K
Total assetsLn 16$880K$548K
LiabilitiesLn 26$349K$388K
Net assetsLn 32$531K$160K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.4M$1.4M
Grants and assistance to foreign recipientsLn 3$30K$30K
Pay of current officers, directors and key staffLn 5$735K$358K$257K$119K
Other salaries and wagesLn 7$615K$300K$215K$100K
Other employee benefitsLn 9$95K$47K$33K$16K
Payroll taxesLn 10$96K$47K$34K$16K
Accounting feesLn 11c$56K$56K
Other fees for servicesLn 11g$167K$620$167K
Advertising and promotionLn 12$60K$60K
Office expensesLn 13$31K$17K$14K
Information technologyLn 14$52K$6K$45K
TravelLn 17$130K$54K$75K
Depreciation, depletion and amortizationLn 22$43K$17K$9K$17K
InsuranceLn 23$8K$7K$500
Other expenses (24a–d)Ln 24$1.3M$1.3M$4K
All other expensesLn 24e$74K$47K$27K
Total functional expensesLn 25$4.9M$3.7M$733K$479K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4.6M$4.9M−$314K$160K 990 PDF
FY2024 $4.3M$4.7M−$420K$531K 990 PDF
FY2023 $4.8M$4.2M$568K$916K 990 PDF
FY2022 $4.1M$3.9M$200K$329K 990 PDF
FY2021 $629K$864K−$235K$186K 990 PDF
FY2020 $3.2M$3.5M−$333K$350K 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 FY2025 990 (6 parts)
Part I · Summary $4,610,827 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $79,167$86,126
I-9 Program service revenuePrior year $4,208,796$4,446,800
I-10 Investment incomePrior year $5,204$73,708
I-11 Other revenuePrior year $4,546$4,193
I-12 Total revenuePrior year $4,297,713$4,610,827
I-13 Grants and similar amounts paidPrior year $1,455,501$1,458,582
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,496,886$1,542,012
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,765,765$1,923,902
I-18 Total expensesPrior year $4,718,152$4,924,496
I-19 Revenue less expensesPrior year −$420,439−$313,669
Part VI · Governance 8 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,610,827 across 8 lines filed
Lines not itemized here account for $5,700 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$86,126
VIII-1g Noncash contributions (included above)$3,078
VIII-1h Total contributions, gifts and grants$86,126
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,446,800$4,446,800
VIII-3 Investment incomeExcluded from tax $5,632$5,632
VIII-7 Net gain or loss on sales of assetsExcluded from tax $68,076$68,076
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$1,507−$1,507
VIII-12 Total revenueRelated to mission $4,450,993 · Unrelated business $0 · Excluded from tax $73,708$4,610,827
Part IX · Statement of functional expenses $4,924,496 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $1,428,676$1,428,676
IX-3 Grants and assistance to foreign recipientsPrograms $29,906$29,906
IX-5 Pay of current officers, directors and key staffPrograms $358,445 · Management $257,346 · Fundraising $119,482$735,273
IX-7 Other salaries and wagesPrograms $299,735 · Management $215,194 · Fundraising $99,911$614,840
IX-9 Other employee benefitsPrograms $46,544 · Management $33,416 · Fundraising $15,514$95,474
IX-10 Payroll taxesPrograms $47,007 · Management $33,749 · Fundraising $15,669$96,425
IX-11c Accounting feesManagement $56,400$56,400
IX-11g Other fees for servicesManagement $620 · Fundraising $166,807$167,427
IX-12 Advertising and promotionPrograms $59,961$59,961
IX-13 Office expensesPrograms $17,143 · Management $13,823$30,966
IX-14 Information technologyManagement $6,435 · Fundraising $45,070$51,505
IX-17 TravelPrograms $54,367 · Management $75,282$129,649
IX-22 Depreciation, depletion and amortizationPrograms $17,002 · Management $8,501 · Fundraising $17,002$42,505
IX-23 InsurancePrograms $7,482 · Management $500$7,982
IX-24 Other expenses (24a–d)Programs $1,299,198 · Management $3,851$1,303,049
IX-24e All other expensesPrograms $46,967 · Management $27,491$74,458
IX-25 Total functional expensesPrograms $3,712,433 · Management $732,608 · Fundraising $479,455$4,924,496
Part X · Balance sheet $548,136 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $148,446$398,162
X-4 Accounts receivableStart of year $241,783$3,000
X-9 Prepaid expenses and deferred chargesStart of year $124,058$54,058
X-10c Land, buildings and equipment, netStart of year $100,823$62,068
X-11 Publicly traded securitiesStart of year $264,989$30,848
X-16 Total assetsStart of year $880,099$548,136
X-17 Accounts payable and accrued expensesStart of year $333,665$287,138
X-19 Deferred revenueStart of year $15,020$100,509
X-26 Total liabilitiesStart of year $348,685$387,647
X-27 Net assets without donor restrictionsStart of year $531,414$160,489
X-32 Total net assets or fund balancesStart of year $531,414$160,489
X-33 Total liabilities and net assetsStart of year $880,099$548,136
Part XI · Reconciliation of net assets $160,489 net assets at year end
XI-1 Total revenue$4,610,827
XI-2 Total expenses$4,924,496
XI-3 Revenue less expenses−$313,669
XI-4 Net assets at start of year$531,414
XI-5 Net unrealized gains (losses) on investments−$57,256
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$160,489

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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