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← HOYT FOUNDATION INC

Form 990 for tax year 2023

Filed by HOYT FOUNDATION INC.

Totals

Total revenue
$350,597
Total expenses
$356,120
Contributions and grants received
$336,345
Grants paid
$145,012
Program service revenue
$24,406
Investment income
-$8,990
Other revenue
-$1,164
Total assets, end of year
$988,651
Total liabilities, end of year
$10,200
Net assets or fund balances, end of year
$978,451
Program services expenses (Part IX)
$329,083
Management and general expenses
$27,037
Fundraising expenses
$0
Program service expenses (Part III)
$329,083

Program services were 92.4% 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

    $336,345

  • 1g · Noncash contributions included above

    $1,200

  • 2a · Program service revenue: GEAR SALES AND RACE INCOME

    total $24,406 · related or exempt $24,406

  • 3 · Investment income

    total $37,515 · related or exempt $37,515

  • 7a · Gross sales of assets other than inventory

    securities $502,231

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

    securities $548,736

  • 7c · Gain or loss

    securities -$46,505

  • 7d · Net gain or loss

    total -$46,505 · related or exempt -$46,505

  • 8a · Fundraising events: gross income

    $22,033

  • 8b · Fundraising events: direct expenses

    $23,197

  • 8c · Net income from fundraising events

    total -$1,164

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $145,012 · program services $145,012

  • 5 · Compensation of officers, directors and key employees

    total $5,000 · management and general $5,000

  • 11c · Fees: accounting

    total $5,000 · management and general $5,000

  • 11g · Fees: other

    total $115,152 · program services $114,833 · management and general $319

  • 12 · Advertising and promotion

    total $39,107 · program services $39,107

  • 13 · Office expenses

    total $15,518 · management and general $15,518

  • 16 · Occupancy

    total $1,200 · management and general $1,200

  • 17 · Travel

    total $30,131 · program services $30,131

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $29,914 · end of year $68,829

  • 11 · Investments: publicly traded securities

    beginning of year $866,000 · end of year $913,377

  • 15 · Other assets

    beginning of year $6,230 · end of year $6,445

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,200 · end of year $10,200

  • 31 · Retained earnings, endowment or other funds

    beginning of year $891,944 · end of year $978,451

Mission and programs · 2023

Mission

THE HOYT FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION THAT WAS FORMED IN 1989. THE HOYT FOUNDATION ASPIRES TO BUILD THE INDIVIDUAL CHARACTER, SELF- CONFIDENCE AND SELF-ESTEEM OF AMERICAS YOUNG PEOPLE WITH DISABILITIES THROUGH INCLUSION IN ALL FACETS OF DAILY LIFE; INCLUDING IN FAMILY AND COMMUNITY ACTIVITIES, ESPECIALLY SPORTS, AT HOME, IN SCHOOLS, AND IN THE WORKPLACE. EACH YEAR, THE HOYT FAMILY CONTINUES TO GROW DICK, JUDY AND RICK HOYTS LEGACY, BY SPEAKING BEFORE COMMUNITY AND PROFESSIONAL GROUPS, AND BY DIRECT PARTICIPATION IN MANY ROAD RACES, TRIATHLONS AND OTHER ENDURANCE EVENTS. THE FOUNDATION ALSO PROVIDES ADVICE AND SUPPORT TO GROUPS AND INDIVIDUALS WHO SHARE THIS MISSION.

Activities or mission (Part I)

EDUCATE SOCIETY ABOUT THE INCLUSION OF PEOPLE WITH DISABILITIES IN FAMILY AND COMMUNITY ACTIVITIES.

  • TO EDUCATE SOCIETY ABOUT THE INCLUSION OF PEOPLE WITH DISABILITIES IN FAMILY AND COMMUNITY ACTIVITIES THROUGH DIRECT PARTICIPATION IN ROAD RACES, TRIATHLONS AND OTHER ENDURANCE EVENTS. THE FOUNDATION ALSO PROVIDES ADVICE AND SUPPORT TO GROUPS AND INDIVIDUALS WHO SHARE THIS MISSION.

    Expenses $329,083 · Grants $145,012

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Zoe Hoyt

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • John Costello

    DIRECTOR

    Total calculated
    $0
    Hours/week
    12

  • Michael Giallongo

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    12

  • Susan Grillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    35

  • Robert Hoyt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    30

  • Russell Hoyt

    PRESIDENT, C

    Total calculated
    $0
    Hours/week
    30

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202532269349302668

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