Civic Intelligence

Hoyt Foundation Inc.

990 • Fiscal year 2020 • EIN 22-2940515

Oct 01, 2019 to Sep 30, 2020 • Filed on Feb 15, 2021

Organization ProfileWWW.TEAMHOYT.COM
241 Mashapaug RoadHolland, MA 01521

(413) 245-9466

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

30th percentile

0.04x

Higher debt load relative to revenue than 30% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

6th percentile

-64%

Higher net margin than 6% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

38th percentile

$5,000

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

11th percentile

-7.2%

Faster asset growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

30th percentile

-12%

Faster revenue growth than 30% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Down

$1,071,603

Down $83,481 (-7.2%) from 2019

Net Assets

Down

$1,066,003

Down $83,481 (-7.3%) from 2019

Liabilities

Flat

$5,600

Flat from 2019

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin6th percentile

Revenue

Down

$153,545

Down $21,909 (-12%) from 2019

Expenses

Down

$251,062

Down $25,012 (-9.1%) from 2019

Net Income

Up

-$97,517

Up $3,103 (+3.1%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $322,875Net Assets 2011: $322,8752011Assets 2012: $448,745Liabilities 2012: $0Net Assets 2012: $448,7452012Assets 2013: $581,899Liabilities 2013: $0Net Assets 2013: $581,8992013Assets 2014: $742,936Liabilities 2014: $4,799Net Assets 2014: $738,1372014Assets 2015: $848,045Liabilities 2015: $2,898Net Assets 2015: $845,1472015Assets 2016: $1,241,608Liabilities 2016: $4,400Net Assets 2016: $1,237,2082016Assets 2017: $1,263,365Liabilities 2017: $5,600Net Assets 2017: $1,257,7652017Assets 2018: $1,247,523Liabilities 2018: $5,600Net Assets 2018: $1,241,9232018Assets 2019: $1,155,084Liabilities 2019: $5,600Net Assets 2019: $1,149,4842019Assets 2020: $1,071,603Liabilities 2020: $5,600Net Assets 2020: $1,066,0032020Assets 2021: $977,493Liabilities 2021: $5,601Net Assets 2021: $971,8922021Assets 2022: $873,233Liabilities 2022: $5,601Net Assets 2022: $867,6322022Assets 2023: $902,144Liabilities 2023: $10,200Net Assets 2023: $891,9442023Assets 2024: $988,651Liabilities 2024: $10,200Net Assets 2024: $978,4512024

Highlighted filing

2020

Assets$1,071,603
Liabilities$5,600
Net Assets$1,066,003
Open 2020 Filing

Operations Trend

Revenue Growth30th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $171,598Expenses 2011: $74,692Net Income 2011: $96,9062011Expenses 2012: $130,2892012Expenses 2013: $82,2442013Revenue 2014: $288,296Expenses 2014: $132,058Net Income 2014: $156,2382014Revenue 2015: $234,075Expenses 2015: $127,065Net Income 2015: $107,0102015Revenue 2016: $494,509Expenses 2016: $102,448Net Income 2016: $392,0612016Revenue 2017: $222,230Expenses 2017: $201,673Net Income 2017: $20,5572017Revenue 2018: $220,710Expenses 2018: $201,446Net Income 2018: $19,2642018Revenue 2019: $175,454Expenses 2019: $276,074Net Income 2019: -$100,6202019Revenue 2020: $153,545Expenses 2020: $251,062Net Income 2020: -$97,5172020Revenue 2021: $95,211Expenses 2021: $242,340Net Income 2021: -$147,1292021Revenue 2022: $302,835Expenses 2022: $303,479Net Income 2022: -$6442022Revenue 2023: $357,230Expenses 2023: $362,029Net Income 2023: -$4,7992023Revenue 2024: $350,597Expenses 2024: $356,120Net Income 2024: -$5,5232024

Highlighted filing

2020

Revenue$153,545
Expenses$251,062
Net Income-$97,517
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Feb 15, 2021
Return Version
2019v5.0
Gross Receipts
$153,545
Mission and Program Overview

Mission

Educate society about the inclusion of people with disabilities in family and community activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,149,484$1,066,003▼ $83,481
Investments in Publicly Traded Securities$1,116,452$1,001,746▼ $114,706
Cash and Non-Interest-Bearing Accounts$30,344$61,043▲ $30,699
Accounts Receivable$8,288$8,814▲ $526
Total Assets$1,155,084$1,071,603▼ $83,481
Liabilities
Accounts Payable and Accrued Expenses$5,600$5,600→ $0
Total Liabilities$5,600$5,600→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,149,484$1,066,003▼ $83,481
Total Liabilities and Net Assets / Fund Balance$1,155,084$1,071,603▼ $83,481
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleBaseTotal
Kathleen BoyerClerk$5,000$5,000

Board Members and Trustees

NameTitle
Richard Hoyt SrPresident, T
Michael GiallongoDirector
Richard Hoyt JrDirector
Robert HoytDirector
Russell HoytDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$137,474
Program Service Revenue
$0
Investment Income
$16,071
Other Revenue
$0
All Other Contributions
$137,474
Change in Net Assets
$-97,517
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$207,023
Other Expenses$44,039
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$207,023--$207,023
Fees for Services Accounting-$5,210-$5,210
Fees for Services Other$4,000$1,085-$5,085
Other Expenses$4,425--$4,425
Office Expenses-$1,760-$1,760
Conferences and Meetings-$1,500-$1,500
Occupancy-$1,200-$1,200
Total Functional Expenses$240,307$10,755$0$251,062
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
BOSTON CHILDREN'S HOSPITALBoston, MA501c3-$50,000
Easter Seals of MassWorcester, MA501c3-$50,000
Center of HopeSouthbridge, MA501c3-$35,000
Venture Community Services IncSturbridge, MA501c3-$35,000
Metrowest YmcaHopkinton, MA--$15,000
PathNatick, MA501c3-$10,000
Chelmsford Integrated PreschoolChelmsford, MA501c3-$6,417
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kathleen BoyerOfficerCompensationNo$5,000
Richard Hoyt SrOfficerIn-kind DonationNo$1,200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Richard hoyt sr. Richard hoyt jr. President director parent/child richard hoyt sr. Russell hoyt president director parent/child richard hoyt sr. Robert hoyt president director parent/child richard hoyt jr. Russell hoyt director director siblings richard hoyt jr. Robert hoyt director director siblings russell hoyt robert hoyt director director siblings”

Form 990, Page 6, Part VI, Line 8B

“There are no committees with the powers to act on behalf of the board of directors”

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

“A copy of the form 990 is reviewed and approved by the board of directors before it is filed.”

Form 990, Page 6, Part VI, Line 19

“The organization's form 990 and financial statements are filed with the ma attorney general's non-profit organizations/public charities division. Additional governing documents are available on the secretary of the commonwealth of massachusetts' website. All documents are also available upon request.”

Filing and Contact Details

Filer

Filer Name
Hoyt Foundation Inc
EIN
22-2940515
Phone
4132459466
Address
241 MASHAPAUG ROAD, HOLLAND, MA 01521

Signing Officer

Name
Richard Hoyt Sr
Title
President, Treasurer
Signed
2021-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Hoyt Sr
Formed
1988
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
1
Employees
0
Volunteers
6

Preparer

Firm
Dubrey Culliton & Associates LLC
Address
139 MAIN ST, STURBRIDGE, MA 01566-1208
Preparer
Thomas a Dubrey
Phone
5083473495
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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 disabled young people 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, team hoyts primary spokespeople, world renowned athletes, dick and rick hoyt, show the world how to do this 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.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization qualifies as a tax-exempt organization, other than a private foundation, under section 501(c)(3) of the internal revenue code and therefore has made no provision for federal or state income taxes in the accompanying financial statements. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely- than-not be sustained upon examination by taxing authorities. The organization believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse affect on the organization's financial condition, reported activity, or cash flows. The organization is subject to audits by taxing jurisdictions; however there are currently no audits for any tax periods in progress. The organization believes it is no longer subject to income tax examination for the years prior to 2017.”

Raw XML Appendix382 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE 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 DISABLED YOUNG PEOPLE 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, TEAM HOYTS PRIMARY SPOKESPEOPLE, WORLD RENOWNED ATHLETES, DICK AND RICK HOYT, SHOW THE WORLD HOW TO DO THIS 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.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION, OTHER THAN A PRIVATE FOUNDATION, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THEREFORE HAS MADE NO PROVISION FOR FEDERAL OR STATE INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY- THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, REPORTED ACTIVITY, OR CASH FLOWS. THE ORGANIZATION IS SUBJECT TO AUDITS BY TAXING JURISDICTIONS; HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION FOR THE YEARS PRIOR TO 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BOSTON CHILDREN'S HOSPITAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CENTER OF HOPE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2EASTER SEALS OF MASS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3PATH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4VENTURE COMMUNITY SERVICES INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5CHELMSFORD INTEGRATED PRESCHOOL
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3179 BODEN LANE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt41 PICKER ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5170 DALTON RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt645 EAST STREET
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IRS990ScheduleI/RecipientTable/USAddress/CityNm1SOUTHBRIDGE
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IRS990ScheduleI/RecipientTable/USAddress/CityNm3NATICK
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IRS990ScheduleI/RecipientTable/USAddress/CityNm6HOPKINTON
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0KATHLEEN BOYER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1RICHARD HOYT SR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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 DISABLED YOUNG PEOPLE 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, TEAM HOYTS PRIMARY SPOKESPEOPLE, WORLD RENOWNED ATHLETES, DICK AND RICK HOYT, SHOW THE WORLD HOW TO DO THIS 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RICHARD HOYT SR. RICHARD HOYT JR. PRESIDENT DIRECTOR PARENT/CHILD RICHARD HOYT SR. RUSSELL HOYT PRESIDENT DIRECTOR PARENT/CHILD RICHARD HOYT SR. ROBERT HOYT PRESIDENT DIRECTOR PARENT/CHILD RICHARD HOYT JR. RUSSELL HOYT DIRECTOR DIRECTOR SIBLINGS RICHARD HOYT JR. ROBERT HOYT DIRECTOR DIRECTOR SIBLINGS RUSSELL HOYT ROBERT HOYT DIRECTOR DIRECTOR SIBLINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES WITH THE POWERS TO ACT ON BEHALF OF THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S FORM 990 AND FINANCIAL STATEMENTS ARE FILED WITH THE MA ATTORNEY GENERAL'S NON-PROFIT ORGANIZATIONS/PUBLIC CHARITIES DIVISION. ADDITIONAL GOVERNING DOCUMENTS ARE AVAILABLE ON THE SECRETARY OF THE COMMONWEALTH OF MASSACHUSETTS' WEBSITE. ALL DOCUMENTS ARE ALSO AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD HOYT SR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT, TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-15
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ReturnHeader/Filer/PhoneNum04132459466
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DUBREY CULLITON & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0139 MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0STURBRIDGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0015661208
ReturnHeader/PreparerPersonGrp/PhoneNum05083473495
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS A DUBREY
ReturnHeader/ReturnTs02021-02-15T12:51:20-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-10-01
ReturnHeader/TaxPeriodEndDt02020-09-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,071,603
Liabilities
$5,600
Net assets
$1,066,003
Revenue
$153,545
Expenses
$251,062
Net income
-$97,517
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.99$0.01$0.98$0.35$0.36$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.90$0.01$0.89$0.36$0.36$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.87$0.01$0.87$0.30$0.30$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.98$0.01$0.97$0.10$0.24$0.15
2020Detailed filing. Detailed filing data is available for this year.$1.07$0.01$1.07$0.15$0.25$0.10
2019Detailed filing. Detailed filing data is available for this year.$1.16$0.01$1.15$0.18$0.28$0.10
2018Detailed filing. Detailed filing data is available for this year.$1.25$0.01$1.24$0.22$0.20$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.26$0.01$1.26$0.22$0.20$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$0.49$0.10$0.39
2015Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.23$0.13$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.29$0.13$0.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.00$0.58$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.00$0.45$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.32$0.17$0.07$0.10