Civic Intelligence

The Hunter Foundation Inc

990 • Fiscal year 2022 • EIN 14-1798918

Oct 01, 2021 to Sep 30, 2022 • Filed on Jan 31, 2024

PO Box 563Tannersville, NY 12485

(518) 589-5050

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$12,463,051

Up $84,203 (+0.7%) from 2021

Net Assets

Up

$2,044,288

Up $581,462 (+40%) from 2021

Liabilities

Down

$10,418,763

Down $497,259 (-4.6%) from 2021

Revenue And Expenses

Revenue

Down

$1,886,227

Down $101,683 (-5.1%) from 2021

Expenses

Down

$1,577,719

Down $302,952 (-16%) from 2021

Net Income

Up

$308,508

Up $201,269 (+188%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0-$5.0MAssets 2010: $10,552,238Liabilities 2010: $10,314,705Net Assets 2010: $237,5332010Assets 2011: $11,241,243Liabilities 2011: $11,154,032Net Assets 2011: $87,2112011Assets 2012: $9,376,806Liabilities 2012: $9,362,143Net Assets 2012: $14,6632012Assets 2013: $8,603,599Liabilities 2013: $8,019,617Net Assets 2013: $583,9822013Assets 2014: $8,041,889Liabilities 2014: $7,523,755Net Assets 2014: $518,1342014Assets 2015: $8,679,475Liabilities 2015: $8,767,542Net Assets 2015: -$88,0672015Assets 2016: $7,689,086Liabilities 2016: $7,454,871Net Assets 2016: $234,2152016Assets 2017: $9,116,138Liabilities 2017: $8,355,957Net Assets 2017: $760,1812017Assets 2018: $11,747,535Liabilities 2018: $10,802,083Net Assets 2018: $945,4522018Assets 2019: $12,621,040Liabilities 2019: $10,652,106Net Assets 2019: $1,968,9342019Assets 2020: $12,288,373Liabilities 2020: $10,931,287Net Assets 2020: $1,357,0862020Assets 2021: $12,378,848Liabilities 2021: $10,916,022Net Assets 2021: $1,462,8262021Assets 2022: $12,463,051Liabilities 2022: $10,684,115Net Assets 2022: $1,778,9362022Assets 2022: $12,463,051Liabilities 2022: $10,418,763Net Assets 2022: $2,044,2882022Assets 2023: $10,793,703Liabilities 2023: $9,757,028Net Assets 2023: $1,036,6752023Assets 2024: $10,103,818Liabilities 2024: $8,738,363Net Assets 2024: $1,365,4552024

Highlighted filing

2022

Assets$12,463,051
Liabilities$10,418,763
Net Assets$2,044,288

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $988,4132010Expenses 2011: $1,419,8002011Expenses 2012: $4,520,8052012Expenses 2013: $3,677,3852013Revenue 2014: $2,998,515Expenses 2014: $2,339,700Net Income 2014: $658,8152014Revenue 2015: $2,739,451Expenses 2015: $3,058,238Net Income 2015: -$318,7872015Revenue 2016: $1,843,550Expenses 2016: $1,587,356Net Income 2016: $256,1942016Revenue 2017: $1,975,055Expenses 2017: $1,470,959Net Income 2017: $504,0962017Revenue 2018: $1,939,228Expenses 2018: $1,830,377Net Income 2018: $108,8512018Revenue 2019: $2,947,957Expenses 2019: $1,924,475Net Income 2019: $1,023,4822019Revenue 2020: $2,123,087Expenses 2020: $2,099,921Net Income 2020: $23,1662020Revenue 2021: $1,987,910Expenses 2021: $1,880,671Net Income 2021: $107,2392021Revenue 2022: $1,906,208Expenses 2022: $1,582,393Net Income 2022: $323,8152022Revenue 2022: $1,886,227Expenses 2022: $1,577,719Net Income 2022: $308,5082022Revenue 2023: $976,756Expenses 2023: $1,984,369Net Income 2023: -$1,007,6132023Revenue 2024: $1,981,665Expenses 2024: $1,524,298Net Income 2024: $457,3672024

Highlighted filing

2022

Revenue$1,886,227
Expenses$1,577,719
Net Income$308,508
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jan 31, 2024
Return Version
2021v4.0
Gross Receipts
$2,912,236
Mission and Program Overview

Mission

Programs and support activities to improve community, primarily in the town of hunter, ny. Programs focus on rehabilitation and renovation of the route 23a corridor through government, commercial, foundation and individual support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,746,953$10,499,658▼ $247,295
Other Notes and Loans Receivable, Net-$1,296,369-
Cash and Non-Interest-Bearing Accounts$583,839$614,345▲ $30,506
Investments Program Related$529,646--
Investments Other Securities$476,112--
Intangible Assets$30,336$30,336→ $0
Inventories for Sale or Use$8,526$15,765▲ $7,239
Accounts Receivable$3,436$6,578▲ $3,142
Total Assets$12,378,848$12,463,051▲ $84,203
Liabilities
Unsecured Notes Loans Payable$10,552,152$10,353,454▼ $198,698
Accounts Payable and Accrued Expenses$64,765$35,413▼ $29,352
Other Liabilities$299,105$29,896▼ $269,209
Total Liabilities$10,916,022$10,418,763▼ $497,259
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,354,349$1,939,395▲ $585,046
Net Assets With Donor Restrictions$108,477$104,893▼ $3,584
Total Net Assets Fund Balance$1,462,826$2,044,288▲ $581,462
Total Liabilities and Net Assets / Fund Balance$12,378,848$12,463,051▲ $84,203

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,854,274$1,124,482$9,978,756
Land$1,602,818-$1,602,818
Equipment$42,566$420,549$463,115
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sean MahoneyExecutive DiPT$25,000$25,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,250,373
Program Service Revenue
$0
Investment Income
$83,378
Other Revenue
$552,476
All Other Contributions
$1,203,114
Change in Net Assets
$308,508
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,114,851
Salaries, Compensation, and Employee Benefits$462,868
Total Fundraising Expense$1,812
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$288,786$97,453-$386,239
Occupancy$339,167$13,049-$352,216
Depreciation Depletion$155,867$52,546-$208,413
Insurance$166,512$1,709-$168,221
All Other Expenses$53,782$14,964$524$69,270
Fees for Services Accounting$34,459$24,038-$58,497
Fees for Services Other$43,115$6,920-$50,035
Payroll Taxes$27,314$13,931-$41,245
Current Officers, Directors, Trustees, and Key Employees$26,456$8,928-$35,384
Fees for Services Legal$23,691--$23,691
Interest$19,878--$19,878
Other Expenses$18,859$34,749-$18,859
Advertising$5,178$295$1,288$6,761
Office Expenses$1,145$1,376-$2,521
Travel$176$1,839-$2,015
Total Functional Expenses$1,304,110$271,797$1,812$1,577,719
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$26,261
Fundraising Direct Expenses$17,481
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Eve$73,520$26,261$5,540$20,721
Total Events$73,520$26,261$17,481$8,780
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Payables$23,636
Security Deposit$6,260
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 is sent to the board to review before filing

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request to the organization

Filing and Contact Details

Filer

Filer Name
Hunter Foundation Inc
EIN
14-1798918
Phone
5185895050
Address
PO BOX 563, TANNERSVILLE, NY 12485

Signing Officer

Name
Sean Mahoney
Title
Executive Director
Phone
5185895050
Signed
2024-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sean Mahoney
Formed
1997
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
25

Preparer

Firm
Rbt Cpas Llp
Address
11 RACQUET RD, NEWBURGH, NY 12550
Preparer
Vincent J Buono CPA
Phone
8455679000
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

The form 990 was amended due to the fact that there were changes made to the audited financial statements after the return was filed. The following changes were made: part i, revenue, line 8 contributions and grants on the original return 1,187,505 part i, revenue, line 8 contributions and grants on the amended return 1,250,373 part i, revenue, line 10 investment income on the original return 169,427 part i, revenue, line 10 investment income on the amended return 83,378 part i, revenue, line 11 other revenue on original return 549,276 part i, revenue, line 11 other revenue on amended return 552,476 part i, revenue, line 12 total revenue on the original return 1,906,208 part i, revenue, line 12 total revenue on the amended return 1,886,227 part i, expenses, line 15 salaries, other compensation, employee benefits on the original return 461,064 part i, expenses, line 15 salaries, other compensation, employee benefits on the amended return 462,868 part i, expenses, line 17 other expenses on the original return 1,121,329 part i, expenses, line 17 other expenses on the amended return 1,114,851 part i, expenses, line 18 total expenses on the original return 1,582,393 part i, expenses, line 18 total expenses on the amended return 1,577,719 part i, expenses, line 19 revenue less expenses on the original return 323,815 part i, expenses, line 19 revenue less expenses on the amended return 308,508 part i, net assets or fund balances, line 21 total liabilities on the original return 10,684,115 part i, net assets or fund balances, line 21 total liabilities on the amended return 10,418,763 part i, net assets or fund balances, line 22 net assets or fund balances on the original return 1,778,936 part i, net assets or fund balances, line 22 net assets or fund balances on the amended return 2,044,288

FORM 990 - ORGANIZATION'S MISSION

Programs and support activities to improve community, primarily in the town of hunter, ny. Programs focus on rehabilitation and renovation of the route 23a corridor through government, commercial, foundation and individual support.

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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0SEAN MAHONEY
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IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS AMENDED DUE TO THE FACT THAT THERE WERE CHANGES MADE TO THE AUDITED FINANCIAL STATEMENTS AFTER THE RETURN WAS FILED. THE FOLLOWING CHANGES WERE MADE: PART I, REVENUE, LINE 8 CONTRIBUTIONS AND GRANTS ON THE ORIGINAL RETURN 1,187,505 PART I, REVENUE, LINE 8 CONTRIBUTIONS AND GRANTS ON THE AMENDED RETURN 1,250,373 PART I, REVENUE, LINE 10 INVESTMENT INCOME ON THE ORIGINAL RETURN 169,427 PART I, REVENUE, LINE 10 INVESTMENT INCOME ON THE AMENDED RETURN 83,378 PART I, REVENUE, LINE 11 OTHER REVENUE ON ORIGINAL RETURN 549,276 PART I, REVENUE, LINE 11 OTHER REVENUE ON AMENDED RETURN 552,476 PART I, REVENUE, LINE 12 TOTAL REVENUE ON THE ORIGINAL RETURN 1,906,208 PART I, REVENUE, LINE 12 TOTAL REVENUE ON THE AMENDED RETURN 1,886,227 PART I, EXPENSES, LINE 15 SALARIES, OTHER COMPENSATION, EMPLOYEE BENEFITS ON THE ORIGINAL RETURN 461,064 PART I, EXPENSES, LINE 15 SALARIES, OTHER COMPENSATION, EMPLOYEE BENEFITS ON THE AMENDED RETURN 462,868 PART I, EXPENSES, LINE 17 OTHER EXPENSES ON THE ORIGINAL RETURN 1,121,329 PART I, EXPENSES, LINE 17 OTHER EXPENSES ON THE AMENDED RETURN 1,114,851 PART I, EXPENSES, LINE 18 TOTAL EXPENSES ON THE ORIGINAL RETURN 1,582,393 PART I, EXPENSES, LINE 18 TOTAL EXPENSES ON THE AMENDED RETURN 1,577,719 PART I, EXPENSES, LINE 19 REVENUE LESS EXPENSES ON THE ORIGINAL RETURN 323,815 PART I, EXPENSES, LINE 19 REVENUE LESS EXPENSES ON THE AMENDED RETURN 308,508 PART I, NET ASSETS OR FUND BALANCES, LINE 21 TOTAL LIABILITIES ON THE ORIGINAL RETURN 10,684,115 PART I, NET ASSETS OR FUND BALANCES, LINE 21 TOTAL LIABILITIES ON THE AMENDED RETURN 10,418,763 PART I, NET ASSETS OR FUND BALANCES, LINE 22 NET ASSETS OR FUND BALANCES ON THE ORIGINAL RETURN 1,778,936 PART I, NET ASSETS OR FUND BALANCES, LINE 22 NET ASSETS OR FUND BALANCES ON THE AMENDED RETURN 2,044,288
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROGRAMS AND SUPPORT ACTIVITIES TO IMPROVE COMMUNITY, PRIMARILY IN THE TOWN OF HUNTER, NY. PROGRAMS FOCUS ON REHABILITATION AND RENOVATION OF THE ROUTE 23A CORRIDOR THROUGH GOVERNMENT, COMMERCIAL, FOUNDATION AND INDIVIDUAL SUPPORT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS SENT TO THE BOARD TO REVIEW BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0HUNTER FND
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1HUNTER FND
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2HUNTER FND

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.1$8.74$1.37$1.98$1.52$0.46
2023Detailed filing. Detailed filing data is available for this year.$10.8$9.76$1.04$0.98$1.98$1.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.5$10.7$1.78$1.91$1.58$0.32
2022Detailed filing. Detailed filing data is available for this year.$12.5$10.4$2.04$1.89$1.58$0.31
2021Detailed filing. Detailed filing data is available for this year.$12.4$10.9$1.46$1.99$1.88$0.11
2020Detailed filing. Detailed filing data is available for this year.$12.3$10.9$1.36$2.12$2.10$0.02
2019Detailed filing. Detailed filing data is available for this year.$12.6$10.7$1.97$2.95$1.92$1.02
2018Detailed filing. Detailed filing data is available for this year.$11.7$10.8$0.95$1.94$1.83$0.11
2017Detailed filing. Detailed filing data is available for this year.$9.12$8.36$0.76$1.98$1.47$0.50
2016Detailed filing. Detailed filing data is available for this year.$7.69$7.45$0.23$1.84$1.59$0.26
2015Detailed filing. Detailed filing data is available for this year.$8.68$8.77$0.09$2.74$3.06$0.32
2014Detailed filing. Detailed filing data is available for this year.$8.04$7.52$0.52$3.00$2.34$0.66
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.60$8.02$0.58$3.68
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.38$9.36$0.01$4.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$11.2$0.09$1.42
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$10.3$0.24$0.99