Skip to content
Nonprofiteer
← HARTFORD MARATHON FOUNDATION INC

Form 990 for tax year 2022

Filed by HARTFORD MARATHON FOUNDATION INC.

Totals

Total revenue
$2,630,130
Total expenses
$2,717,105
Contributions and grants received
$674,703
Grants paid
$0
Program service revenue
$1,875,521
Investment income
$24,429
Other revenue
$55,477
Total assets, end of year
$1,476,454
Total liabilities, end of year
$224,519
Net assets or fund balances, end of year
$1,251,935
Program services expenses (Part IX)
$2,329,656
Management and general expenses
$239,879
Fundraising expenses
$147,570
Program service expenses (Part III)
$2,329,656

Program services were 85.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $674,703

  • 1g · Noncash contributions included above

    $53,982

  • 2a · Program service revenue: ENTRY FEES

    total $1,520,723 · related or exempt $1,520,723

  • 2b · Program service revenue: OTHER EVENT FEES

    total $354,798 · related or exempt $354,798

  • 3 · Investment income

    total $25,447 · excluded $25,447

  • 7b · Less cost or other basis and sales expenses

    other assets $1,018

  • 7c · Gain or loss

    other assets -$1,018

  • 7d · Net gain or loss

    total -$1,018 · related or exempt -$1,018

  • 10a · Gross sales of inventory

    $97,861

  • 10b · Cost of goods sold

    $42,384

  • 10c · Net income from sales of inventory

    total $55,477 · excluded $55,477

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $160,000 · program services $48,000 · management and general $96,000 · fundraising $16,000

  • 7 · Other salaries and wages

    total $487,131 · program services $367,896 · management and general $55,107 · fundraising $64,128

  • 8 · Pension plan contributions

    total $13,452 · program services $8,645 · management and general $3,141 · fundraising $1,666

  • 9 · Other employee benefits

    total $27,322 · program services $22,061 · management and general $3,509 · fundraising $1,752

  • 10 · Payroll taxes

    total $52,166 · program services $33,526 · management and general $12,181 · fundraising $6,459

  • 11f · Fees: investment management

    total $3,118 · management and general $3,118

  • 11g · Fees: other

    total $1,022,228 · program services $967,233 · management and general $6,015 · fundraising $48,980

  • 12 · Advertising and promotion

    total $249,646 · program services $233,609 · management and general $9,646 · fundraising $6,391

  • 13 · Office expenses

    total $100,606 · program services $61,452 · management and general $37,958 · fundraising $1,196

  • 14 · Information technology

    total $12,047 · program services $9,638 · management and general $2,409

  • 16 · Occupancy

    total $49,944 · program services $44,950 · management and general $4,994

  • 17 · Travel

    total $25,913 · program services $24,392 · management and general $1,521

  • 22 · Depreciation, depletion and amortization

    total $8,057 · program services $5,178 · management and general $1,881 · fundraising $998

  • 23 · Insurance

    total $31,808 · program services $29,409 · management and general $2,399

  • 24a · Other expenses: ATHLETE APPAREL

    total $153,517 · program services $153,517

  • 24b · Other expenses: RACE PRIZES

    total $133,758 · program services $133,758

  • 24c · Other expenses: EQUIPMENT RENTALS

    total $121,518 · program services $121,518

  • 24d · Other expenses: CONTRIBUTED GOODS

    total $53,982 · program services $53,982

  • 24e · All other expenses

    total $10,892 · program services $10,892

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $259,254 · end of year $144,941

  • 2 · Savings and temporary cash investments

    beginning of year $628,269 · end of year $627,498

  • 3 · Pledges and grants receivable

    beginning of year $155,212 · end of year $37,403

  • 8 · Inventories for sale or use

    beginning of year $12,706 · end of year $12,323

  • 9 · Prepaid expenses and deferred charges

    beginning of year $64,427 · end of year $44,295

  • 10a · Land, buildings and equipment: cost or other basis

    $111,547

  • 10b · Land, buildings and equipment: accumulated depreciation

    $82,420

  • 10c · Land, buildings and equipment, net

    beginning of year $36,288 · end of year $29,127

  • 11 · Investments: publicly traded securities

    beginning of year $692,325 · end of year $580,867

  • 17 · Accounts payable and accrued expenses

    beginning of year $221,177 · end of year $190,917

  • 19 · Deferred revenue

    beginning of year $159,399 · end of year $33,602

  • 27 · Net assets without donor restrictions

    beginning of year $1,217,905 · end of year $1,040,349

  • 28 · Net assets with donor restrictions

    beginning of year $250,000 · end of year $211,586

Mission and programs · 2022

Mission

THE FOUNDATION'S MISSION IS TO PROVIDE HEALTH AND FITNESS OPPORTUNITIES FOR THE COMMUNITY.

  • THE FOUNDATION PRODUCES THE HARTFORD MARATHON AND OVER 30 OTHER ATHLETIC EVENTS ANNUALLY. IN ADDITION, THE FOUNDATION PRODUCES FREE, RUNNING BASED, TRAINING PROGRAMS FOR SCHOOL CHILDREN THROUGHOUT CONNECTICUT.

    Expenses $2,329,656 · Revenue $1,881,428

As filed on the 2022 return.

Listed in Part VII

  • Elizabeth G Shluger

    CEO & EXECUT

    Total calculated
    $200,000
    From this org
    $200,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $50,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $200,000

  • Raymond Hassett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Brian Foley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Nicole Mule

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Patrick Steigman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Christopher A Montross

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Peter Holowesko

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Irvin Girard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Cynthia Costanzo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Earle Smola

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Andrew Worthington

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Kate Hernandez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Kevin E Verge

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Peter A Gutermann

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Robert M Haggett

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Sivasenthil Arumugam

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    0.5

  • Christine Andrews

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
19 September 2023
IRS schema version
2022v5.0
Source object
202332689349300708

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.