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Hot Room Foundation INC

Tax-deductible

Indianapolis, IN501(c)(3)Mental HealthEIN 86-3600548Revenue $7K in FY2024

On file with the IRSbreathefoundation.co8555 River Road Ste 415, 46240-4311 · Indianapolis, INTax-exempt since Feb 2022Publicly supported charity — 170(b)(1)(A)(vi)

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The Hot Room Foundation INC. Principally exists to (a) help individuals learn coping mechanisms and stress reduction strategies through the practice of yoga; (b) support other organizations and individuals that espouse the same mission of spreading the practice of yoga and other charitable causes; (c) solicit and receive funds for the accomplishment of the above purposes; and (d) pursue any other purpose permitted to be pursued by a charity.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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 4
filings with a surplus
Average surplus $4K a year · 60% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
52 mo
of spending, in cash
Looks good: 52.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $117
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7K
-12% vs prior year
Spent
$4K
To programs
0%
Net assets
$17K
By yearFY2021–FY2024
Revenue
$7K
FY2024▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2021$51
FY2022$13K
FY2023$8K
FY2024$7K
Expenses
$4K
FY2024▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2021$51
FY2022$4K
FY2023$4K
FY2024$4K
Net assets
$17K
FY2024▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2021$0
FY2022$9K
FY2023$14K
FY2024$17K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2022.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $4K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Ana Magallon
Secretary
$0Pt VII · Sec A
Daniel Marsh
Treasurer
$0Pt VII · Sec A
Erin Polley
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hot Room Foundation 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

Teaches yoga for stress reduction and supports other charitable yoga initiatives.

Questions for Hot Room Foundation INC

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Provided by the organization

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1 program · in their own filed words · FY2024
01

The hot room foundation inc. Principally exists to (a) help individuals learn coping mechanisms and stress reduction strategies through the practice of yoga; (b) support other organizations and individuals that espouse the same mission of spreading the practice of yoga and other charitable causes; (c) solicit and receive funds for the…

Pt IX · col B

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 · FY2022
The Morgridge Family FoundationFY2022$117
Total grants receivedfrom 1 funder$117

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$7K
Ln 12
Gifts and grantsLn 1h$7K
Money outPt IX
$4K
Ln 25
Managementcol C$4K
Owns and owesPt X
$17K
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$17K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7K
Total revenueLn 12$7K
Assets in detailPt X, end of year
CashLn 1$17K
Cash and savings togetherLn 1–2$17K
Total assetsLn 16$17K
LiabilitiesLn 26$0
Net assetsLn 32$17K
OperationsPt I, VI
EmployeesI 50
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$14K$17K
Total assetsLn 16$14K$17K
LiabilitiesLn 26$0$0
Net assetsLn 32$14K$17K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$4K$4K
Total functional expensesLn 25$4K$0$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $7K$4K$3K$17K 990 PDF
FY2023 $8K$4K$5K$14K 990 PDF
FY2022 $13K$4K$9K$9K 990 PDF
FY2021 $51$51$0$0 990 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 $7,217 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,156$7,217
I-9 Program service revenuePrior year $5,000$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $8,156$7,217
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,608$3,953
I-18 Total expensesPrior year $3,608$3,953
I-19 Revenue less expensesPrior year $4,548$3,264
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $7,217 across 3 lines filed
VIII-1f All other contributions, gifts and grants$7,217
VIII-1h Total contributions, gifts and grants$7,217
VIII-12 Total revenue$7,217
Part IX · Statement of functional expenses $3,953 across 1 line filed
IX-13 Office expensesManagement $3,953$3,953
IX-25 Total functional expensesPrograms $0 · Management $3,953 · Fundraising $0$3,953
Part X · Balance sheet $17,284 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $14,020$17,284
X-16 Total assetsStart of year $14,020$17,284
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $14,020$17,284
X-32 Total net assets or fund balancesStart of year $14,020$17,284
X-33 Total liabilities and net assetsStart of year $14,020$17,284
Part XI · Reconciliation of net assets $17,284 net assets at year end
XI-1 Total revenue$7,217
XI-2 Total expenses$3,953
XI-3 Revenue less expenses$3,264
XI-4 Net assets at start of year$14,020
XI-10 Net assets at end of year$17,284

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

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