Hailey Mayz Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 80-0459455)

Revenue by fiscal year
FY2020	$878K
FY2021	$1.2M
FY2022	$1.5M
FY2023	$1.8M
FY2024	$1.6M

Expenses by fiscal year
FY2020	$808K
FY2021	$1.2M
FY2022	$1.5M
FY2023	$1.8M
FY2024	$1.8M

Net assets by fiscal year
FY2020	$381K
FY2021	$463K
FY2022	$517K
FY2023	$517K
FY2024	$388K

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

81 cents of each dollar spent went to programs.

81%

19%

Program services 81% · $1.4M Management & general 19% · $326K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation

Sean Vassilaros

President/Chairman

$0Pt VII · Sec A

Wendy Vassilaros

Secretary/Treasurer

$0Pt VII · Sec A

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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

Helps families pay for medical and other costs for children with special needs.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2024

01

The hailey mayz foundation inc. Provides physical, speech and occupational therapy for children in need. The foundation offers financial assistance to lower-income families with special needs children by providing treatment for their child at a reduced cost.

$1.4Mprogram 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

La Esperanza De Nuestra ComunidadFY2024$2K

Total grants receivedfrom 1 funder$2K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.6M

Ln 12

Fees for servicesLn 2g$1.6M

Gifts and grantsLn 1h$5K

Other incomeLn 4–11$4K

Money outPt IX

$1.8M

Ln 25

Programscol B$1.4M

Managementcol C$326K

Owns and owesPt X

$388K

net assets · Ln 32

Cash and savingsLn 1–2$411K

Total assetsLn 16$413K

LiabilitiesLn 26$25K

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$5K

Fees for servicesLn 2g$1.6M

Investment incomeLn 3$2K

Other incomeLn 4–11$4K

Total revenueLn 12$1.6M

Assets in detailPt X, end of year

CashLn 1$411K

Cash and savings togetherLn 1–2$411K

Land, buildings, equipmentLn 10c$2K

Total assetsLn 16$413K

LiabilitiesLn 26$25K

Net assetsLn 32$388K

OperationsPt I, VI

EmployeesI 519

VolunteersI 65

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$533K	$411K
Land, buildings, equipmentLn 10c	$2K	$2K
Total assetsLn 16	$535K	$413K
LiabilitiesLn 26	$18K	$25K
Net assetsLn 32	$517K	$388K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$1.2M	$975K	$214K
Other employee benefitsLn 9	$10K		$10K
Payroll taxesLn 10	$84K	$69K	$15K
Accounting feesLn 11c	$5K	$4K	$978
Other fees for servicesLn 11g	$94K	$77K	$17K
Advertising and promotionLn 12	$1K		$1K
Office expensesLn 13	$12K	$10K	$2K
OccupancyLn 16	$78K	$64K	$14K
TravelLn 17	$6K	$5K	$1K
InterestLn 20	$272	$272
Depreciation, depletion and amortizationLn 22	$133	$109	$24
InsuranceLn 23	$9K	$8K	$2K
Other expenses (24a–d)Ln 24	$209K	$175K	$34K
All other expensesLn 24e	$55K	$41K	$15K
Total functional expensesLn 25	$1.8M	$1.4M	$326K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$1.6M	$1.8M	−$143K	$388K	990 PDF
FY2023	$1.8M	$1.8M	−$7K	$517K	990 PDF
FY2022	$1.5M	$1.5M	−$59K	$517K	990 PDF
FY2021	$1.2M	$1.2M	$4K	$463K	990 PDF
FY2020	$878K	$808K	$69K	$381K	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 $1,611,438 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $131$4,932

I-9 Program service revenuePrior year $1,776,376$1,599,745

I-10 Investment incomePrior year $2,057$2,436

I-11 Other revenuePrior year −$1,172$4,325

I-12 Total revenuePrior year $1,777,392$1,611,438

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 $1,070,816$1,283,547

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $713,594$470,408

I-18 Total expensesPrior year $1,784,410$1,753,955

I-19 Revenue less expensesPrior year −$7,018−$142,517

Part VI · Governance 2 of 2 board members independent, 2 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

VI-2 Family or business relationship among officers or directorsYes

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $1,611,438 across 7 lines filed

VIII-1f All other contributions, gifts and grants$4,932

VIII-1h Total contributions, gifts and grants$4,932

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,599,745$1,599,745

VIII-3 Investment incomeExcluded from tax $2,436$2,436

VIII-8 Net income from fundraising eventsExcluded from tax $3,750$3,750

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $575$575

VIII-12 Total revenueRelated to mission $1,600,320 · Unrelated business $0 · Excluded from tax $6,186$1,611,438

Part IX · Statement of functional expenses $1,753,955 across 14 lines filed

IX-7 Other salaries and wagesPrograms $974,864 · Management $213,994$1,188,858

IX-9 Other employee benefitsManagement $10,247$10,247

IX-10 Payroll taxesPrograms $69,242 · Management $15,200$84,442

IX-11c Accounting feesPrograms $4,457 · Management $978$5,435

IX-11g Other fees for servicesPrograms $76,764 · Management $16,852$93,616

IX-12 Advertising and promotionManagement $1,364$1,364

IX-13 Office expensesPrograms $9,559 · Management $2,099$11,658

IX-16 OccupancyPrograms $63,822 · Management $14,010$77,832

IX-17 TravelPrograms $4,815 · Management $1,057$5,872

IX-20 InterestPrograms $272$272

IX-22 Depreciation, depletion and amortizationPrograms $109 · Management $24$133

IX-23 InsurancePrograms $7,705 · Management $1,691$9,396

IX-24 Other expenses (24a–d)Programs $175,211 · Management $34,246$209,457

IX-24e All other expensesPrograms $40,692 · Management $14,681$55,373

IX-25 Total functional expensesPrograms $1,427,512 · Management $326,443 · Fundraising $0$1,753,955

Part X · Balance sheet $412,527 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $533,151$410,709

X-10c Land, buildings and equipment, netStart of year $1,836$1,818

X-16 Total assetsStart of year $534,987$412,527

X-25 Other liabilitiesStart of year $17,753$24,848

X-26 Total liabilitiesStart of year $17,753$24,848

X-27 Net assets without donor restrictionsStart of year $517,234$387,679

X-32 Total net assets or fund balancesStart of year $517,234$387,679

X-33 Total liabilities and net assetsStart of year $534,987$412,527

Part XI · Reconciliation of net assets $387,679 net assets at year end

XI-1 Total revenue$1,611,438

XI-2 Total expenses$1,753,955

XI-3 Revenue less expenses−$142,517

XI-4 Net assets at start of year$517,234

XI-8 Prior period adjustments$12,962

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$387,679

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

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