The Hyams Foundation Inc is located in Boston, MA. The organization was established in 1995. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hyams Foundation Inc 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, Hyams Foundation Inc generated $20.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $9.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hyams Foundation Inc has awarded 732 individual grants totaling $34,466,874. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
CIVIC ENGAGEMENT - STAFF TIME AND CONSULTING SERVICES RELATED TO A CONTINUED FOUNDATION INITIATIVE TO CREATE A BROADER SET OF RESOURCES TO BUILD THE CAPACITY OF ORGANIZATIONS FOCUSED ON DEVELOPING GRASSROOTS LEADERS IN LOW-INCOME COMMUNITIES OF COLOR; PERIODIC CONVENING OF A GROUP OF LOCAL SOCIAL JUSTICE FUNDERS (SOCIAL JUSTICE FUNDERS NETWORK) TO LEARN TOGETHER ABOUT THIS AREA OF GRANTMAKING AND SHARE RESPECTIVE FUNDING APPROACHES AND THEORIES OF CHANGE; AND MONTHLY CONVENING OF SMALLER GROUP OF FUNDERS (ECONOMIC JUSTICE FUNDERS) TO PLAN FOR FUTURE JOINT FUNDING INITIATIVES TO BUILD THE "FIELD" OF LEADERSHIP DEVELOPMENT AND COMMUNITY ORGANIZING.
TEEN DEVELOPMENT - STAFF TIME AND CONSULTING SERVICES RELATED TO TWO FOUNDATION INITIATIVES AND ONE DONOR COLLABORATIVE: 1) TEEN FUTURES - CONTINUED IMPLEMENTATION OF THIS SPECIAL INITIATIVE TO INCREASE THE LONG-TERM SUCCESS OF YOUTH WHO HAVE DROPPED OUT OF HIGH SCHOOL AND ARE OUT OF WORK THROUGH GRANTEE CONVENINGS, OVERSIGHT OF ONGOING FORMAL EVALUATION PROCESS WITH BRANDEIS UNIVERSITY, SHARING OF RESOURCES AND MATERIALS, AND OVERSIGHT OF TECHNICAL ASSISTANCE TO IMPROVE PROGRAM QUALITY; 2) RACIAL JUSTICE - CONVENING AND SUPPORT OF A GROUP OF FOUNDATION GRANTEES THAT ARE FOCUSED ON INCREASING "FAIR REVENUES" TO ADDRESS THE NEEDS OF LOW-INCOME YOUTH OF COLOR; AND 3) BOSTON OPPORTUNITY YOUTH COLLABORATIVE - STAFF TIME DEVOTED TO THIS CITY-WIDE PUBLIC AND PRIVATE SECTOR EFFORT TO INCREASE THE SUCCESS OF YOUNG PEOPLE WHO ARE OUT OF SCHOOL AND OUT OF WORK IN BOSTON.
SPECIAL OPPORTUNITIES FUND - STAFF TIME RELATED TO MONITORING AND PROVIDING LEADERSHIP TO TWO ONGOING DONOR COLLABORATIVES: 1) THE CATALYST FUND FOR NONPROFITS - STAFF PARTICIPATION IN THE OVERSIGHT AND ASSESSMENT OF THE INTERMEDIARY RESPONSIBLE FOR THIS RELATIVELY NEW DONOR COLLABORATIVE DESIGNED TO FACILITATE AND SUPPORT NEW FORMS OF COLLABORATION AMONG LOCAL NONPROFIT ORGANIZATIONS INCLUDING MERGERS; AND 2) BLACK AND LATINO BOYS COLLABORATIVE - NEW EFFORT BY LOCAL PRIVATE FUNDERS TO CONVENE THE LOCAL FUNDING COMMUNITY AND NONPROFITS IN ORDER TO SHARE INFORMATION ON THE SCOPE OF NEEDS OF THIS POPULATION AND EFFORTS TO ADDRESS THEM.
AFFORDABLE HOUSING - STAFF TIME RELATED TO TWO COLLABORATIVE AFFORDABLE HOUSING INITIATIVES: 1) EQUITABLE TRANSIT ORIENTED DEVELOPMENT FUND - CREATION AND INITIAL START-UP OF THIS NEW LOAN FUND IN CONJUNCTION WITH THE STATE OF MASSACHUSETTS, BOSTON FOUNDATION AND LISC TO SPUR THE CREATION OF AFFORDABLE HOUSING AT TRANSIT-ORIENTED LOCATIONS; 2) HOME FUNDERS - CONTINUED OVERSIGHT OF THIS MAJOR COLLABORATIVE AND LOAN POOL TO CREATE MORE AFFORDABLE HOUSING FOR HOMELESS AND OTHER VERY LOW-INCOME FAMILIES IN MASSACHUSETTS, SOLICITING FUNDS FROM OTHER DONORS, MONITORING THE ACTIVITIES OF TWO HOUSING FINANCE INTERMEDIARIES' ACTIVITIES, AND ASSESSING ONGOING PROGRESS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Moy Deputy Director | 40 | $254,368 | |
Lisa Owens Executive Director | 40 | $223,838 | |
Mark Paley Dir Of Admin/finance | 40 | $203,000 | |
Nahir Torres Sr. Program Officer | 40 | $126,875 | |
Maria Mulkeen Program Officer | 40 | $107,871 | |
Ratchanee Pankam Grants Manager | 40 | $83,830 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Cambridge Associates | 12/30/21 | $297,247 |
Iridian Private Business Value Equity Fund Lp | 12/30/21 | $71,345 |
Fluxx Labs Inc | 12/30/21 | $70,113 |
Axiom Investors | 12/30/21 | $66,716 |
Varadero Capital Lp | 12/30/21 | $59,987 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $770 |
Dividends & Interest | $1,193,254 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $17,264,753 |
Capital Gain Net Income | $17,247,164 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $1,888,552 |
Total Revenue | $20,347,329 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $658,206 |
Other employee salaries and wages | $619,185 |
Pension plans, employee benefits | $316,143 |
Interest | $0 |
Taxes | $172,000 |
Depreciation | $0 |
Occupancy | $198,180 |
Travel, conferences, and meetings | $10,284 |
Printing and publications | $600 |
Other expenses | $1,066,987 |
Total operating and administrative expenses | $4,093,254 |
Contributions, gifts, grants paid | $4,892,375 |
Total expenses and disbursements | $8,985,629 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $206,206 |
Savings and temporary cash investments | $3,242,878 |
Net Accounts receivable | $49,531 |
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 | $15,839 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $89,333,664 |
Net Land, buildings, and equipment | $0 |
Other assets | $4,846,139 |
Total assets | $163,844,341 |
Accounts payable and accrued expenses | $120,982 |
Grants payable | $1,305,000 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $603,417 |
Total liabilities | $2,029,399 |
Over the last fiscal year, The Hyams Foundation Inc has awarded $4,982,940 in support to 84 organizations.
Grant Recipient | Amount |
---|---|
Jamaica Plain, MA PURPOSE: HOMES FOR ALL MASSACHUSETTS AND GENERAL SUPPORT | $265,500 |
MASSACHUSETTS COMMUNITIES ACTION NETWORK PURPOSE: I HAVE A FUTURE PROGRAM AND GENERAL SUPPORT | $255,000 |
Boston, MA PURPOSE: CENTER FOR SUPPORT IMMIGRANT ORGANIZING, DS4SI, VOTER TABLE PROJECT, AND GENERAL SUPPORT | $240,000 |
CENTER FOR ECONOMIC DEMOCRACY PURPOSE: BOSTON UJIMA, CENTER FOR COOPERATIVE DEVELOPMENT AND SOLIDARITY, SOLIDARITY ECONOMY INITIATIVE, AND GENERAL SUPPORT | $235,000 |
Boston, MA PURPOSE: NEW ENGLAND UNITED FOR JUSTICE PROJECT AND GENERAL SUPPORT | $175,500 |
Boston, MA PURPOSE: DELIVERING ON EQUITY PROJECT AND GENERAL SUPPORT | $165,000 |
Organization Name | Assets | Revenue |
---|---|---|
National Minority Supplier Development Council Inc New York, NY | $14,151,024 | $19,123,388 |
All Stars Project Inc New York, NY | $22,721,562 | $11,310,796 |
The Hyams Foundation Inc Boston, MA | $163,844,341 | $20,347,329 |
Neighborhood Trust Financial Partners Inc New York, NY | $10,875,094 | $7,150,796 |
African Services Committee Inc New York, NY | $2,169,110 | $5,702,295 |
Urban Arts Partnership New York, NY | $4,790,105 | $5,921,037 |
Artpark & Company Inc Lewiston, NY | $3,327,523 | $5,321,157 |
Education Through Music Inc New York, NY | $3,082,173 | $4,504,496 |
Ridgefield Playhouse For Movies And The Performing Arts Inc Ridgefield, CT | $15,840,106 | $10,052,125 |
City Access New York Staten Island, NY | $3,686,366 | $4,897,308 |
Partnership Inc Boston, MA | $5,653,072 | $4,577,511 |
Multicultural Aids Coalition Inc Roxbury, MA | $1,116,469 | $3,034,089 |