Walter H Hayes Sr Foundation
- Assets
- $423.0k
- Revenue
- $46.7k
- Investments
- $408.5k
- Employees
- 0
- Location
- Rutland, VT
- Founding
- 09/1986
- Data as of
- 12/2021
- EIN
- 03-0284264
Organization Overview
Walter H Hayes Sr Foundation is located in Rutland, VT. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walter H Hayes Sr Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Walter H Hayes Sr Foundation generated $46.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $45.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE IN THE EDUCATION AND ABILITIES OF THE YOUTH OF RUTLAND COUNTY VERMONT WITH AN EMPHASIS ON ASSISTANCE TO INTELLECTUALLY GIFTED AND MOTIVATED CHILDREN
PROVIDED FUNDS TO SUMMER CAMP FOR CAMPERSHIPS FOR FINANCIALLY NEEDY RUTLAND COUNTY CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Krate Duda Secretary | 1 | $3,500 | |
Lorraine Bargmann Metz Chairman | 1 | $3,500 | |
Edward Hasenohr Treasurer | 1 | $0 | |
Debra Gardner-Baasch Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,968 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,702 |
| Capital Gain Net Income | $36,702 |
| Net ST Capital Gain | $5,129 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,670 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $859 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $570 |
| Total operating and administrative expenses | $18,556 |
| Contributions, gifts, grants paid | $27,055 |
| Total expenses and disbursements | $45,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,425 |
| Savings and temporary cash investments | $3,787 |
| Net Accounts receivable | $281 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $408,499 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $422,992 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $421 |
| Total liabilities | $421 |
Grants Awarded
Over the last fiscal year, Walter H Hayes Sr Foundation has awarded $27,055 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
RUTLAND AREA ROBOTICS PURPOSE: EDUCATIONAL-SUPPORT OPERATIONS FOR 60-75 RUTLAND COUNTY STUDENTS INVOLVED IN ROBOTICS TEAMS | $15,000 |
THEATER IN THE WOODS VERMONT PURPOSE: CAMPERSHIP SUPPORT - SUMMER THEATER PROGRAM | $4,000 |
ABIGAIL HAYES PURPOSE: EDUCATIONAL - GLOBAL ROUTES COSTA RICA | $2,200 |
BRONSON PATCH PURPOSE: EDUCATIONAL - INSPIRIT AI | $800 |
PAYTON DAILEY PURPOSE: EDUCATIONAL - VIOLIN INTENSIVE | $700 |
NATE WORLAND PURPOSE: CAMPERSHIP - THEATER IN THE WOODS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
Motulsky-Nacht Family Foundation New York, NY | $171,149,787 | $10,722,392 |
Griffith R Harsh Iv And Margaret Cwhitman Charitable Foundation Albany, NY | $153,022,620 | $10,234,389 |