Hypothekids INC

Tax-deductible

New York, NY501(c)(3)Recreation & SportsEIN 46-3235153Revenue $416K in FY2024

On file with the IRShypothekids.org423 W 127th St Frnt 1, 10027-2562 · New York, NYTax-exempt since Jun 2014Publicly supported charity — 170(b)(1)(A)(vi)

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See attachment 1

501(c)(3) charity; gifts are tax-deductible.
43¢ 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
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
4 of 5
filings with a surplus
Average surplus $42K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
43%
of spending
Concern: 43% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $175K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$17K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$416K
+95% vs prior year
Spent
$548K
To programs
43%
Net assets
$849K
By yearFY2020–FY2024
Revenue
$416K
FY2024▲ +95%
Tap a bar for its year
Revenue by fiscal year
FY2020$389K
FY2021$694K
FY2022$918K
FY2023$493K
FY2023$214K
FY2024$416K
Expenses
$548K
FY2024▲ +214%
Tap a bar for its year
Expenses by fiscal year
FY2020$370K
FY2021$595K
FY2022$720K
FY2023$471K
FY2023$174K
FY2024$548K
Net assets
$849K
FY2024▲ +24%
Tap a bar for its year
Net assets by fiscal year
FY2020$324K
FY2021$423K
FY2022$622K
FY2023$644K
FY2023$684K
FY2024$849K

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 Jun 2014.

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

Where the money goes

43 cents of each dollar spent went to programs.

Program services 43% · $237K Management & general 57% · $310K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Marisa Mitchell’s $61K as Executive Director is at the 70th percentile of top reported officer pay among 1017 $100K–1M recreation & sports 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

NameFY2023FY2023FY2022FY2021FY2020
Marisa Mitchell$61,179$95,000———
Christine Kovich——$84,000$79,440$71,880

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 Hypothekids 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 15aNo

Programs and updates

Hypothekids INC is a recreation and sports nonprofit based in New York, NY.

Provided by the organization

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1 program · $237K · in their own filed words · FY2024
01

Afterschool fees

$237Kprogram 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
See all 7 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$416K
Ln 12
Gifts and grantsLn 1h$416K
Money outPt IX
$548K
Ln 25
Programscol B$237K
Managementcol C$310K
Owns and owesPt X
$849K
net assets · Ln 32
Cash and savingsLn 1–2$638K
Total assetsLn 16$866K
LiabilitiesLn 26$17K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$416K
Total revenueLn 12$416K
Assets in detailPt X, end of year
CashLn 1$638K
Cash and savings togetherLn 1–2$638K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$866K
LiabilitiesLn 26$17K
Net assetsLn 32$849K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$765K$638K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$865K$866K
LiabilitiesLn 26$181K$17K
Net assetsLn 32$684K$849K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$313K$128K$185K
Payroll taxesLn 10$34K$19K$16K
Accounting feesLn 11c$20K$2K$18K
Advertising and promotionLn 12$2K$2K
Information technologyLn 14$10K$10K
OccupancyLn 16$29K$16K$13K
TravelLn 17$10K$8K$3K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$128K$45K$83K
All other expensesLn 24e−$6K$19K−$25K
Total functional expensesLn 25$548K$237K$310K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $416K$548K−$131K$849K 990 PDF
FY2023 $493K$471K$22K$644K 990 PDF
FY2022 $918K$720K$199K$622K 990 PDF
FY2021 $694K$595K$99K$423K 990 PDF
FY2020 $389K$370K$19K$324K 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 $416,408 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $213,880$416,408
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $213,880$416,408
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $115,815$347,545
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $58,637$199,984
I-18 Total expensesPrior year $174,452$547,529
I-19 Revenue less expensesPrior year $39,428−$131,121
Part VI · Governance 8 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
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 $416,408 across 3 lines filed
VIII-1f All other contributions, gifts and grants$416,408
VIII-1h Total contributions, gifts and grants$416,408
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$416,408
Part IX · Statement of functional expenses $547,529 across 10 lines filed
IX-7 Other salaries and wagesPrograms $128,442 · Management $184,815$313,257
IX-10 Payroll taxesPrograms $18,788 · Management $15,500$34,288
IX-11c Accounting feesPrograms $2,107 · Management $17,555$19,662
IX-12 Advertising and promotionManagement $2,119$2,119
IX-14 Information technologyManagement $9,585$9,585
IX-16 OccupancyPrograms $16,259 · Management $13,188$29,447
IX-17 TravelPrograms $7,754 · Management $2,592$10,346
IX-23 InsuranceManagement $6,513$6,513
IX-24 Other expenses (24a–d)Programs $44,999 · Management $83,348$128,347
IX-24e All other expensesPrograms $19,033 · Management −$25,068−$6,035
IX-25 Total functional expensesPrograms $237,382 · Management $310,147 · Fundraising $0$547,529
Part X · Balance sheet $865,798 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $765,253$637,953
X-4 Accounts receivableStart of year $99,942$227,845
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $865,195$865,798
X-17 Accounts payable and accrued expensesStart of year $181,493$17,217
X-26 Total liabilitiesStart of year $181,493$17,217
X-32 Total net assets or fund balancesStart of year $683,702$848,581
X-33 Total liabilities and net assetsStart of year $865,195$865,798
Part XI · Reconciliation of net assets $848,581 net assets at year end
XI-1 Total revenue$416,408
XI-2 Total expenses$547,529
XI-3 Revenue less expenses−$131,121
XI-4 Net assets at start of year$683,702
XI-9 Other changes in net assets$296,000
XI-10 Net assets at end of year$848,581

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

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