Stewart W & Willma C Hoyt Foundation Inc
- Assets
- $25.8m
- Revenue
- $1.8m
- Investments
- $23.2m
- Employees
- 0
- Location
- Binghamton, NY
- Founding
- 03/1993
- Data as of
- 12/2021
- 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 12/2021, Stewart W & Willma C Hoyt Foundation Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 6 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.
Since 2020, Stewart W & Willma C Hoyt Foundation Inc has awarded 95 individual grants totaling $4,477,926. 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 | $126,582 | |
Marena Gonz Vice-Chair | 1 | $0 | |
Roberta Peterson Board Member | 1 | $0 | |
Aubrey Clark Chair | 3 | $0 | |
Gail Kovac Secretary/treasurer | 2 | $0 | |
Jeffery Smith Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $441,639 |
| Net Rental Income | -$44,135 |
| Net Gain on Sale of Assets | $1,303,975 |
| Capital Gain Net Income | $1,303,975 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $624 |
| Total Revenue | $1,759,438 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $149,803 |
| Other employee salaries and wages | $55,606 |
| Pension plans, employee benefits | $3,948 |
| Interest | $0 |
| Taxes | $20,428 |
| Depreciation | $31,433 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,084 |
| Printing and publications | $225 |
| Other expenses | $73,341 |
| Total operating and administrative expenses | $462,084 |
| Contributions, gifts, grants paid | $928,852 |
| Total expenses and disbursements | $1,390,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,380 |
| Savings and temporary cash investments | $2,142,933 |
| 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 | $23,243,650 |
| Net Land, buildings, and equipment | $348,151 |
| Other assets | $0 |
| Total assets | $25,823,114 |
| 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 $1,617,352 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ROBERSON MUESEUM & SCIENCE PURPOSE: RENOVATIONS | $150,000 |
MERCY HOUSE PURPOSE: RENOVATIONS | $140,000 |
Binghamton, NY PURPOSE: RENOVATIONS | $125,840 |
Binghamton, NY PURPOSE: LEGAL FEES, NYCON POLICIES & AFGHANIS RESETTLEMENT | $100,000 |
MERCY HOUSE PURPOSE: RENOVATIONS | $100,000 |
Endicott, NY PURPOSE: ANNUAL ARTS GUIDE | $80,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |
Essex County Community Foundation Incorporated Danvers, MA | $116,029,343 | $28,414,247 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA | $235,546,714 | $26,961,716 |
Greater Worcester Community Foundation Inc Worcester, MA | $200,476,252 | $22,847,423 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Community Foundation Of Eastern Connecticut New London, CT | $123,416,332 | $10,480,728 |
Southcoast Community Foundation Inc New Bedford, MA | $53,147,669 | $13,725,688 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Connecticut Community Foundation Inc Waterbury, CT | $154,014,275 | $11,174,882 |