Youth sports and after-school programs are becoming less affordable. The mission of the Hv3 Foundation is to increase access and inclusion for all youth in sports through education, advocacy, and sport programs, by subsidizing and/or operating such programs for individuals who cannot afford them.

501(c)(3) charity; gifts are tax-deductible.
41¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
4 of 5
filings with a surplus
Average surplus $293K a year · 27% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
41%
of spending
Concern: 41% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
18 mo
of spending, in cash
Looks good: 17.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 10 voting members
Concern: none of 10 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-15% vs prior year
Spent
$969K
To programs
41%
Net assets
$1.4M
By yearFY2020–FY2025
Revenue
$1.2M
FY2023▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$81K
FY2021$764K
FY2022$1.4M
FY2023$1.2M
FY2024$1.3M
FY2025$756K
Expenses
$969K
FY2023▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$208K
FY2022$782K
FY2023$969K
FY2024$900K
FY2025$1.0M
Net assets
$1.4M
FY2023▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$31K
FY2021$588K
FY2022$1.2M
FY2023$1.4M
FY2024$1.8M
FY2025$1.4M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2019.

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

Where the money goes

41 cents of each dollar spent went to programs.

Program services 41% · $400K Management & general 35% · $340K Fundraising 24% · $229K

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
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hv3 Foundation 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

Provides affordable youth sports and after-school programs through subsidies and operations.

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1 program · $400K · in their own filed words · FY2023
01

Work with sports programs to grant youth access to sports; develop and promote youth access to sport camps and after-school programs; distribute funds to various organizations promoting youth sports programs

$400Kprogram 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$6K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$47K
Investment incomeLn 3$23K
Money outPt IX
$969K
Ln 25
Programscol B$400K
Managementcol C$340K
Fundraisingcol D$229K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$1.4M
LiabilitiesLn 26$2K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$47K
Investment incomeLn 3$23K
Gains on assetsLn 7$0
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.4M
LiabilitiesLn 26$2K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$1.2M$1.4M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.2M$1.4M
LiabilitiesLn 26$540$2K
Net assetsLn 32$1.2M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$320K$320K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$100K$100K
Pension plan contributionsLn 8$12K$12K
Other employee benefitsLn 9$0
Payroll taxesLn 10$8K$8K
Management feesLn 11a$0
Legal feesLn 11b$49K$49K
Accounting feesLn 11c$6K$6K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$75K$75K
Office expensesLn 13$37K$37K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$22K$22K
TravelLn 17$25K$25K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$268K$80K$64K$124K
All other expensesLn 24e$36K$6K$30K
Total functional expensesLn 25$969K$400K$340K$229K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $756K$1.0M−$268K$1.4M 990 PDF
FY2024 $1.3M$900K$355K$1.8M 990 PDF
FY2023 Viewing $1.2M$969K$212K$1.4M 990 PDF
FY2022 $1.4M$782K$610K$1.2M 990 PDF
FY2021 $764K$208K$557K$588K 990 PDF
FY2020 $81K$31K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,180,931 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,348,794$1,111,011
I-9 Program service revenuePrior year $32,811$46,990
I-10 Investment incomePrior year $10,487$22,930
I-11 Other revenue$0
I-12 Total revenuePrior year $1,392,092$1,180,931
I-13 Grants and similar amounts paidPrior year $154,089$320,066
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $107,930$119,946
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $519,762$528,977
I-18 Total expensesPrior year $781,781$968,989
I-19 Revenue less expensesPrior year $610,311$211,942
Part VI · Governance 0 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members0
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,180,931 across 9 lines filed
VIII-1f All other contributions, gifts and grants$1,111,011
VIII-1h Total contributions, gifts and grants$1,111,011
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $46,990$46,990
VIII-3 Investment incomeRelated to mission $22,930$22,930
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $69,920$1,180,931
Part IX · Statement of functional expenses $968,989 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $320,066$320,066
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $100,000$100,000
IX-8 Pension plan contributionsManagement $12,000$12,000
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $7,946$7,946
IX-11a Management fees$0
IX-11b Legal feesManagement $48,776$48,776
IX-11c Accounting feesManagement $6,100$6,100
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionFundraising $75,270$75,270
IX-13 Office expensesManagement $36,864$36,864
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $21,987$21,987
IX-17 TravelManagement $24,516$24,516
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $12,261$12,261
IX-24 Other expenses (24a–d)Programs $80,192 · Management $63,646 · Fundraising $123,787$267,625
IX-24e All other expensesManagement $5,745 · Fundraising $29,833$35,578
IX-25 Total functional expensesPrograms $400,258 · Management $339,841 · Fundraising $228,890$968,989
Part X · Balance sheet $1,410,213 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $1,197,296$1,410,213
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,197,296$1,410,213
X-17 Accounts payable and accrued expensesStart of year $540$1,515
X-26 Total liabilitiesStart of year $540$1,515
X-27 Net assets without donor restrictionsStart of year $1,196,756$1,408,698
X-32 Total net assets or fund balancesStart of year $1,196,756$1,408,698
X-33 Total liabilities and net assetsStart of year $1,197,296$1,410,213
Part XI · Reconciliation of net assets $1,408,698 net assets at year end
XI-1 Total revenue$1,180,931
XI-2 Total expenses$968,989
XI-3 Revenue less expenses$211,942
XI-4 Net assets at start of year$1,196,756
XI-10 Net assets at end of year$1,408,698

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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