Hetrick-Martin Institute Inc
- Assets
- $20.9m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 75
- Location
- New York, NY
- Founding
- 11/1982
- Data as of
- 06/2023
- EIN
- 13-3104537
Organization Overview
Hetrick-Martin Institute Inc is located in New York, NY. The organization was established in 1982. According to its NTEE Classification (P01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Human Services and related organizations. As of 06/2023, Hetrick-Martin Institute Inc employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hetrick-Martin Institute 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 06/2023, Hetrick-Martin Institute Inc generated $11.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $10.4m during the year ending 06/2023. While expenses have increased by 3.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT THE INTERESTS OF LGBTQ YOUTH, PROMOTE THEIR PHYSICAL AND EMOTIONAL HEALTH, AND EDUCATE THE GENERAL PUBLIC WITH RESPECT TO THE NEEDS OF THESE YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OLDEST NON-PROFIT AGENCY SERVING LESBIAN, GAY, BISEXUAL, TRANSGENDER AND QUESTIONING (LGBTQ) YOUNG PEOPLE FOR MORE THAN 40 YEARS. DURING FY23, HMI SERVICED MORE THAN 2000 YOUTH MEMBERS AND THEIR FAMILIES FROM THE FIVE BOROUGHS OF NEW YORK CITY AND BEYOND. THOSE MEMBERS RECEIVED SERVICES ON A CONTINUUM RANGING FROM INDIVIDUAL COUNSELING AND CASE MANAGEMENT SERVICES, OTHER MENTAL HEALTH SERVICES SUCH AS SUPPORT GROUPS AND PSYCHIATRIC SERVICES, ACADEMIC SUPPORT PROGRAMS, EXPANDED LEARNING TIME AND OUT OF SCHOOL PROGRAMMING, JOB READINESS PROGRAMS AND PAID INTERNSHIPS, HEALTH EDUCATION AND PREGNANCY PREVENTION, HIV PREVENTION, TESTING AND LINKAGE TO CARE, AS WELL AS COMMUNITY EDUCATION AND OUTREACH ACTIVITIES, INCLUDING STREET OUTREACH TO YOUTH EXPERIENCING HOMELESSNESS, AND OUTREACH EFFORTS TO SUPPORT COVID TESTING AND VACCINE INITIATIVES AND TO DISTRIBUTE PPE AND INFORMATION. HMI ALSO PROVIDES HOT MEALS TO LGBTQIA+ YOUTH. HMI HEADQUARTERS ARE LOCATED IN NEW YORK CITY. WHILE ALL PROGRAMS ARE OFFERED IN-PERSON, WHEN NECESSARY, HMI HAS PROVIDED CONTINUOUS CARE AND SERVICES TO YOUTH VIA TELEHEALTH PLATFORMS AN IMPLEMENTED A FULL CONTINUUM OF VIRTUAL, ONLINE PROGRAMS USING VIDEO CONFERENCING SERVICES AND ONLINE CHAT ROOMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Saterman Co-Chair | OfficerTrustee | 2 | $0 |
Dom Dipasquale Co-Chair | OfficerTrustee | 2 | $0 |
Chris Wanlass Vice Chair | OfficerTrustee | 2 | $0 |
Jeanne Feldhusen Treasurer | OfficerTrustee | 2 | $0 |
Fabian Astic Secretary | OfficerTrustee | 2 | $0 |
Bonnie Rabin Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Btq Financial Financial Management | 6/29/23 | $334,195 |
Gurucharran Kaloo Consulting | 6/29/23 | $208,120 |
Soraya Elcock Consulting | 6/29/23 | $172,085 |
Strength In Numbers Consulting Group Inc Consulting | 6/29/23 | $145,067 |
Robert Half Recruitment | 6/29/23 | $121,706 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,282,879 |
| Related organizations | $0 |
| Government grants | $4,240,281 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,729,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,252,662 |
| Total Program Service Revenue | $1,091,275 |
| Investment income | $1,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,417,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $200,501 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $558,004 |
| Compensation of current officers, directors, key employees. | $89,430 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,640,021 |
| Pension plan accruals and contributions | $94,978 |
| Other employee benefits | $656,770 |
| Payroll taxes | $318,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,648,178 |
| Advertising and promotion | $0 |
| Office expenses | $28,813 |
| Information technology | $34,627 |
| Royalties | $0 |
| Occupancy | $1,723,044 |
| Travel | $91,314 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,124 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $51,698 |
| All other expenses | $467,906 |
| Total functional expenses | $10,432,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,460,413 |
| Savings and temporary cash investments | $29,854 |
| Pledges and grants receivable | $1,229,066 |
| Accounts receivable, net | $1,565,018 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $147,970 |
| Net Land, buildings, and equipment | $14,700 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,424,550 |
| Total assets | $20,871,571 |
| Accounts payable and accrued expenses | $976,864 |
| Grants payable | $0 |
| Deferred revenue | $109,803 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,876,316 |
| Total liabilities | $17,962,983 |
| Net assets without donor restrictions | -$238,792 |
| Net assets with donor restrictions | $3,147,380 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,871,571 |