Stewart W & Willma C Hoyt Foundation Inc
- Assets
- $22.5m
- Revenue
- $738.2k
- Investments
- $20.3m
- Employees
- 0
- Location
- Binghamton, NY
- Founding
- 03/1993
- Data as of
- 12/2023
- EIN
- 22-3209342
Organization Overview
Stewart W & Willma C Hoyt Foundation Inc is located in Binghamton, NY. The organization was established in 1993. According to its NTEE Classification (T31) the organization is classified as: Community 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. Stewart W & Willma C Hoyt 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 12/2023, Stewart W & Willma C Hoyt Foundation Inc generated $738.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Stewart W & Willma C Hoyt Foundation Inc has awarded 118 individual grants totaling $6,011,574. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine A Schwoeffermann Executive Director | 50 | $152,855 | |
Marena Gonz Chair | 3 | $0 | |
Roberta Peterson Board Member | 1 | $0 | |
Aubrey Clark Vice-Chair | 2 | $0 | |
Jeffery Smith Secretary-Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $591,520 |
| Net Rental Income | -$37,053 |
| Net Gain on Sale of Assets | $133,220 |
| Capital Gain Net Income | $133,220 |
| Net ST Capital Gain | $0 |
| Income Modifications | $47,486 |
| Profit on Inventory Sales | $0 |
| Other Income | $96 |
| Total Revenue | $738,226 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $179,071 |
| Other employee salaries and wages | $61,726 |
| Pension plans, employee benefits | $4,353 |
| Interest | $0 |
| Taxes | $38,966 |
| Depreciation | $27,715 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,678 |
| Printing and publications | $270 |
| Other expenses | $80,273 |
| Total operating and administrative expenses | $508,830 |
| Contributions, gifts, grants paid | $746,935 |
| Total expenses and disbursements | $1,255,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,141 |
| Savings and temporary cash investments | $1,696,747 |
| Net Accounts receivable | $0 |
| 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 | $20,263,690 |
| Net Land, buildings, and equipment | $315,348 |
| Other assets | $0 |
| Total assets | $22,518,926 |
| 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 | $600 |
| Total liabilities | $600 |
Grants Awarded
Over the last fiscal year, Stewart W & Willma C Hoyt Foundation Inc has awarded $1,506,935 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION FOR OLDER PERSONS PURPOSE: FOR A STAFF POSITION | $15,000 |
AMERICAN CIVIC ASSOCIATION PURPOSE: TO ESTABLISH A PART-TIME POSITION FOR AN IMMIGRATION/REFUGEE ATTORNEY ($50,000 PER YEAR FOR 3 YEARS) | $35,000 |
BROOME COMMUNITY COLLEGE FOUNDATION PURPOSE: GRANTS-IN-AID PROGRAM. | $25,000 |
BROOME COUNTY ARTS COUNCIL PURPOSE: 2023 ART GUIDE | $40,000 |
BROOME COUNTY ARTS COUNCIL PURPOSE: UNITED CULTURAL FUND CAMPAIGN 2023 | $100,000 |
BROOME COUNTY ARTS COUNCIL PURPOSE: 2024 UNITED CULTURAL FUND CAMPAIGN | $50,000 |