Civic Intelligence

The Harold Hunter Foundation

990 • Fiscal year 2023 • EIN 20-5126705

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 01, 2024

151 1st Avenue Suite 210New York, NY 10003

(877) 829-5500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.20x

Higher debt load relative to assets than 74% of similar nonprofits.

2023 filings • NTEE O • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

74th percentile

0.14x

Higher debt load relative to revenue than 74% of similar nonprofits.

2023 filings • NTEE O • $500k-$1M nonprofits • Source year 2023

Net Margin

27th percentile

-2.3%

Higher net margin than 27% of similar nonprofits.

2023 filings • NTEE O • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

78th percentile

$90,000

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 16.0% of source-year revenue.

2023 filings • NTEE O • $500k-$1M nonprofits • Source year 2023

Asset Growth

18th percentile

-14%

Faster asset growth than 18% of similar nonprofits.

2023 filings • NTEE O • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

43rd percentile

9.3%

Faster revenue growth than 43% of similar nonprofits.

2023 filings • NTEE O • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$389,000

Down $65,932 (-14%) from 2022

Net Assets

Down

$309,326

Down $12,923 (-4.0%) from 2022

Liabilities

Down

$79,674

Down $53,009 (-40%) from 2022

Revenue

Up

$561,226

Up $47,705 (+9.3%) from 2022

Expenses

Up

$574,149

Up $166,327 (+41%) from 2022

Net Income

Down

-$12,923

Down $118,622 (-112%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2012: $15,018Net Assets 2012: $15,0182012Assets 2013: $22,925Net Assets 2013: $22,9252013Assets 2014: $47,807Net Assets 2014: $47,8072014Assets 2015: $55,679Net Assets 2015: $55,6792015Assets 2016: $86,408Net Assets 2016: $86,4082016Assets 2017: $123,696Liabilities 2017: $0Net Assets 2017: $123,6962017Assets 2018: $154,012Liabilities 2018: $0Net Assets 2018: $154,0122018Assets 2019: $238,587Liabilities 2019: $0Net Assets 2019: $238,5872019Assets 2020: $296,735Liabilities 2020: $82,300Net Assets 2020: $214,4352020Assets 2021: $300,158Liabilities 2021: $83,781Net Assets 2021: $216,3772021Assets 2022: $454,932Liabilities 2022: $132,683Net Assets 2022: $322,2492022Assets 2023: $389,000Liabilities 2023: $79,674Net Assets 2023: $309,3262023Assets 2024: $166,142Liabilities 2024: $78,353Net Assets 2024: $87,7892024

Highlighted filing

2023

Assets$389,000
Liabilities$79,674
Net Assets$309,326

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2012: $36,469Expenses 2012: $26,193Net Income 2012: $10,2762012Revenue 2013: $65,110Expenses 2013: $57,205Net Income 2013: $7,9052013Revenue 2014: $71,465Expenses 2014: $46,583Net Income 2014: $24,8822014Revenue 2015: $67,548Expenses 2015: $59,676Net Income 2015: $7,8722015Revenue 2016: $102,237Expenses 2016: $71,508Net Income 2016: $30,7292016Revenue 2017: $161,079Expenses 2017: $123,791Net Income 2017: $37,2882017Revenue 2018: $165,075Expenses 2018: $134,759Net Income 2018: $30,3162018Revenue 2019: $249,102Expenses 2019: $164,027Net Income 2019: $85,0752019Revenue 2020: $147,512Expenses 2020: $171,664Net Income 2020: -$24,1522020Revenue 2021: $309,804Expenses 2021: $310,595Net Income 2021: -$7912021Revenue 2022: $513,521Expenses 2022: $407,822Net Income 2022: $105,6992022Revenue 2023: $561,226Expenses 2023: $574,149Net Income 2023: -$12,9232023Revenue 2024: $232,106Expenses 2024: $453,643Net Income 2024: -$221,5372024

Highlighted filing

2023

Revenue$561,226
Expenses$574,149
Net Income-$12,923
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 1, 2024
Return Version
2023v5.1
Gross Receipts
$561,226
Mission and Program Overview

Mission

Hhf is a grassroots, skateboard community-based organization that provides support, opportunity, and advocacy for skateboarders in nyc so they can reach their full potential as skateboarders and as people. The mission is to use skateboarding as a vehicle to provide inner city youth with valuable life experiences that nurture individual creativity, resourcefulness, and the development of life skills.

To use skateboarding as a vehicle to provide underserved youth with valuable life experiences that nurture individual creativity, resourcefulness, & development of life skills.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$0$170,213▲ $170,213
Inventories for Sale or Use$20,515$122,857▲ $102,342
Cash and Non-Interest-Bearing Accounts$302,988$53,097▼ $249,891
Pledges and Grants Receivable$124,796$27,674▼ $97,122
Prepaid Expenses and Deferred Charges$519$11,745▲ $11,226
Land, Buildings, and Equipment, Net$4,200$2,450▼ $1,750
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$454,932$389,000▼ $65,932
Other Assets Total$1,914$964▼ $950
Liabilities
Mortgage Notes Payable Secured by Investment Property$81,677$79,674▼ $2,003
Grants Payable$50,000$0▼ $50,000
Accounts Payable and Accrued Expenses$1,006$0▼ $1,006
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$132,683$79,674▼ $53,009
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$197,453$259,326▲ $61,873
Net Assets With Donor Restrictions$124,796$50,000▼ $74,796
Total Net Assets Fund Balance$322,249$309,326▼ $12,923
Total Liabilities and Net Assets / Fund Balance$454,932$389,000▼ $65,932

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,450$1,750$4,200
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Barbara Heislerinterim EDFT$90,000$90,000

Board Members and Trustees

NameTitle
Patrick KigongoBoard chair
Alex CorporanBoard Member
David FoucherBoard Member
Mike A CohenBoard Member
Ron HunterBoard Member
Steve RodriguezBoard Member
Joanna Slater LCSWSecretary
Adam SchatzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$560,100
Program Service Revenue
$0
Investment Income
$1,126
Other Revenue
$0
All Other Contributions
$532,426
Change in Net Assets
$-12,923

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table3,152$146,833appraised value
Total Noncash Contributions3,152$146,833-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$277,381
Salaries, Compensation, and Employee Benefits$254,583
Grants and Similar Amounts Paid$42,185
Total Fundraising Expense$10,109
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$148,854$6,178$35$155,067
Current Officers, Directors, Trustees, and Key Employees$50,000$40,000-$90,000
Other Expenses$89,390$33,057-$89,390
Fees for Services Other$47,377-$10,069$57,446
Grants to Domestic Individuals$42,185--$42,185
Fees for Services Accounting-$37,020-$37,020
Travel$14,441--$14,441
Insurance$9,618$3,206-$12,824
Occupancy$8,972$2,991-$11,963
Payroll Taxes$8,554$962-$9,516
Office Expenses$302$6,295$5$6,602
Information Technology$3,044$1,015-$4,059
Conferences and Meetings$3,950--$3,950
Advertising$2,658--$2,658
Interest-$2,221-$2,221
Depreciation Depletion$1,750--$1,750
Total Functional Expenses$431,095$132,945$10,109$574,149
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The organization's form 990 was provided to each voting member of its governing body, its board of directors, prior to filing with the internal revenue service ("irs"). The organization's board of directors has been delegated the responsibility to oversee and coordinate the form 990 preparation, review and filing process for the organization and its affiliate. As part of the tax return preparation process, the organization hired a professional cpa firm with experience and expertise in nonprofit tax return preparation to prepare the form 990. The cpa firm prepared a draft form 990 and furnished it to the organization's internal working group for review. The internal working group reviewed the draft form 990 and discussed questions and comments with the cpa firm. Revisions were made to the draft form 990 where necessary and a final draft was furnished by the cpa firm to the organization's internal working group for final review and approval. Following the internal working group's review and approval of the form 990, the form 990 was provided to each voting member of the organization's board of directors for review prior to filing with the irs.

Form 990, Part VI, Section C, Line 19

The organization's 990 is available to the public upon request.

Form 990, Part VI, Section B, Line 12C

The organization has a written conflict of interest policy with which it regularly monitors and enforces compliance. The purpose of the policy is to protect the interests of the organization when it has entered into or is contemplating entering into a transaction or arrangement that might benefit a private interest of an interested person. Interested persons must disclose all conflicts of interest as defined in the policy, including those that might influence or be perceived to influence the actions or decisions of the interested person. Each interested person shall complete a conflict of interest disclosure form annually; however, such annual disclosures shall be supplemented promptly by additional written disclosures as required by this policy, i.e., when an actual or potential conflict of interest arises. All interested persons shall bring to the attention of/disclose to the organization any actual or perceived conflict of interest involving any other interested person, and any necessary mitigating behavior is taken at that time.

FORM 990, PART VI, SECTION B, LINE 15A

The organization's board of directors has a compensation committee ("committee") which is a standing committee. The committee reviews the "total compensation" of the organization's president/chief executive officer ("ceo") and other members of the senior management team which is intended to include both current and deferred compensation and all employee benefits, both qualified and non-qualified. The committee ensures that the "total compensation" of the president/ceo and members of senior management of the organization is reasonable by obtaining and relying upon "appropriate data as to comparability" prior to making its determination. The committee is comprised of members of the board of directors, each of whom are independent and are free from any conflicts of interest. The compensation committee shall determine the compensation of the president/ceo , it shall approve the compensation of staff officers and staff directors and it shall review and approve the compensation policies and practices for other staff personnel. The president shall participate in all matters that come before the compensation committee, except matters that relate to the president/ceo's compensation. The actions taken by the committee enable the organization to receive the rebuttable presumption of reasonableness for purposes of internal revenue code 4958 with respect to the total compensation of the president/ceo and the senior management team. The three factors which must be satisfied in order to receive the rebuttable presumption of reasonableness are the following: 1. The compensation arrangement is approved in advance by an "authorized body" of the applicable tax-exempt organization which is composed entirely of individuals who do not have a "conflict of interest" with respect to the compensation arrangement; 2. The authorized body obtained and relied upon "appropriate data as to comparability" prior to making its determination; and 3. The authorized body "adequately documented the basis for its determination" concurrently with making that determination. The committee is comprised of members of the board of directors each of who are independent and are free from any conflicts of interest. The committee relied upon appropriate comparable data; specifically the committee worked with a management consulting firm specializing in strategic planning, organizational development and human resource systems. Salary grades, which set compensation ranges, are periodically reviewed by this independent consultant, who compares those grades to industry averages for not-for-profits. Compensation for the president/ceo and the senior management personnel are set within the appropriate salary grades. The committee reports directly to the board of directors wherein all discussions at the committee level are documented in written meeting minutes of the full board of directors.

Filing and Contact Details

Filer

Filer Name
The Harold Hunter Foundation
EIN
20-5126705
In Care Of
% ADAM SCHATZ
Phone
8778295500
Address
151 1st Avenue Suite 210, New York, NY 10003

Signing Officer

Name
Adam Schatz
Title
Treasurer/Director
Phone
9177544389
Signed
2024-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Schatz
Formed
2007
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
17
Volunteers
38

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Brad Caruso
Phone
7328281614
Supplemental Narrative

Additional Explanations

Form 990, Part III - Program Service

COMMUNITY OUTREACH PROGRAMS Skate Clinics Our open-enrollment outreach-based program that serves as the primary point of entry into all HHF programs, events, and opportunity. Locations of open skate clinics are posted weekly on our Instagram page. Skate Camp Program In our SKATE CAMP motivated teen skaters (age 14-17) participate in HHF's year-round Skate Program and are invited to our amazing week away in the mountains of NY state for a week of skating, swimming, camping, hiking, bonding, and so much more! Women & Girls Initiative The Women & Girls Initiative is a pioneering program designed to empower and engage girls at a younger age in the world of skateboarding. This initiative creates a safe and supportive space for organic mentorship between women and girls, fostering connections within the traditionally male-dominated sport. LGBTQIA+ Initiative HHF's Women & LGBTQIA+ Initiative seeks to provide support, advocacy and opportunity to skateboarders in the NYC area who identify as women and/or LGBTQIA+. Men's Mental Health Initiative The Men's Health Initiative focuses on male-identifying skaters and their impact within the skateboard community. We host a series of workshops and events that support men's ability to listen, learn, and become better allies and role models. Rider Development Program This initiative provides structured support to talented competitive skateboarders, who often face unique challenges due to their singular focus on skateboarding. It ensures they can balance their passion for skateboarding with other essential life goals. Creative Careers Program This program offers pathways to skateboarding adjacent careers, helping young individuals explore and pursue creative professions that align with their passion for skateboarding. Workforce Development This component creates internship opportunities for young adults, offering them structured work environments to gain valuable experience and prepare for their future careers. Grow With Google Grow With Google @ HHF is a collaboration between Google and HHF to provide NYC skateboarders scholarships for Google Career Certificates, which is a self-paced, online training program that offers professional certificates in the fast-growing high-demand fields of project management, user experience (UX) design, data analytics, digital marketing & e-commerce, and IT support. provide NYC skateboarders scholarships for Google Career Certificates, which is a self-paced, online training program that offers professional certificates in the fast-growing high-demand fields of project management, user experience (UX) design, data analytics, digital marketing & e-commerce, and IT support. marketing & e-commerce, and IT support. support. marketing & e-commerce, and IT support. support. marketing & e-commerce, and IT support. support. marketing & e-commerce, and IT support.

Form 990 Part IX Line 11G

Description:consultants total fees:57446

Financial Statement Notes

Form 990, Schedule D, Part X, Line 2

The Organization is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and exempt from state taxes under state charities registration laws. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Organization and recognize a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by applicable taxing authorities. Management has analyzed the tax positions taken by the Organization and has concluded that as of December 31, 2023 and 2022, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. There has been no tax related interest or penalties for the period presented in these financial statements.

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