Cincy Hat Foundation INC

Tax-deductible

Cincinnati, OH501(c)(3)EmploymentEIN 99-4143088

The organization is a 501(c)(3) nonprofit dedicated to supporting and empowering individuals with intellectual and developmental disabilities (idd). Housing and education initiatives are funded through community-driven merchandise sales and philanthropic engagement.

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
$32K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$32K
to officers and key staff · 24% of spending
Top officer’s pay lower than 59% of similar orgs
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 13.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $90K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$26K
10% of total assets
Looks good: liabilities are 10% 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
$374K
Spent
$137K
To programs
57%
Net assets
$237K

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 Aug 2024.

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

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $78K Management & general 43% · $59K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990; $32K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice President
$32,295Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Matthew Renie’s $32K as Vice President is at the 41st percentile of top reported officer pay among 1216 $100K–1M employment 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.

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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

Empowers individuals with disabilities through housing and education funded by merchandise sales and donations.

Provided by the organization

This section is blank until Cincy Hat Foundation INC claims this page.

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2 program services account for $78K of program spending, described in the organization's own filed words · FY2024.
01

The organization provided $76,000 in funding for two full-ride scholarships for students with idd through the university of cincinnati's transition and access program (tap). In addition, the foundation donated $2,000 to the ken anderson alliance to support their mission of creating life, work, and engagement opportunities for adults with…

$78Kprogram expense
02

Through merchandise sales and public appearances, the organization generated $123,329 to further its goal of empowering individuals with idd. These activities raised awareness and provided critical funding to support scholarships, housing initiatives, and community programs.

Pt IX · col B

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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 · FY2024
Total grants receivedfrom 2 funders$90K
Grants paid · 2 grants · $78K · 2024–2024
Ken Anderson AllianceOH · FY2024$2,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$374K
Ln 12
Gifts and grantsLn 1h$251K
Other incomeLn 4–11$98K
Fees for servicesLn 2g$25K
Money outPt IX
$137K
Ln 25
Programscol B$78K
Managementcol C$59K
Owns and owesPt X
$237K
net assets · Ln 32
Cash and savingsLn 1–2$152K
Total assetsLn 16$262K
LiabilitiesLn 26$26K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$251K
Fees for servicesLn 2g$25K
Other incomeLn 4–11$98K
Total revenueLn 12$374K
Assets in detailPt X, end of year
CashLn 1$152K
Cash and savings togetherLn 1–2$152K
Total assetsLn 16$262K
LiabilitiesLn 26$26K
Net assetsLn 32$237K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$152K
Total assetsLn 16$0$262K
LiabilitiesLn 26$0$26K
Net assetsLn 32$0$237K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$78K$78K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$38K$38K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$912$912
TravelLn 17$731$731
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$137K$78K$59K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $374K$137K$237K$237K 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 (4 parts)
Part VIII · Statement of revenue $373,895 across 4 lines filed
Lines not itemized here account for $98,329 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$250,566
VIII-1h Total contributions, gifts and grants$250,566
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $25,000$25,000
VIII-12 Total revenueRelated to mission $123,329 · Unrelated business $0 · Excluded from tax $0$373,895
Part IX · Statement of functional expenses $137,371 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $78,000$78,000
IX-11b Legal feesManagement $6,148$6,148
IX-11c Accounting feesManagement $2,000$2,000
IX-11g Other fees for servicesManagement $37,695$37,695
IX-12 Advertising and promotionManagement $2,740$2,740
IX-13 Office expensesManagement $912$912
IX-17 TravelManagement $731$731
IX-23 InsuranceManagement $6,945$6,945
IX-24 Other expenses (24a–d)Management $2,200$2,200
IX-25 Total functional expensesPrograms $78,000 · Management $59,371 · Fundraising $0$137,371
Part X · Balance sheet $262,378 assets, 7 lines filed
X-1 Cash, non-interest-bearing$152,306
X-8 Inventories for sale or use$110,072
X-16 Total assetsStart of year $0$262,378
X-25 Other liabilitiesStart of year $0$25,854
X-26 Total liabilitiesStart of year $0$25,854
X-32 Total net assets or fund balancesStart of year $0$236,524
X-33 Total liabilities and net assetsStart of year $0$262,378
Part XI · Reconciliation of net assets $236,524 net assets at year end
XI-1 Total revenue$373,895
XI-2 Total expenses$137,371
XI-3 Revenue less expenses$236,524
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$236,524

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

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