Holmdel Youth Activities Association
- Assets
- $193.2k
- Revenue
- $243.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Holmdel, NJ
- Founding
- 02/1965
- Data as of
- 08/2021
- EIN
- 22-6059311
Organization Overview
Holmdel Youth Activities Association, operating under the name Hyaa, is located in Holmdel, NJ. The organization was established in 1965. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 08/2021, Hyaa employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hyaa 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 08/2021, Hyaa generated $243.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $228.2k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE VARIOUS SPORTING ACTIVITIES FOR THE TOWNSHIP YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE VARIOUS SPORTING ACTIVITIES FOR TOWNSHIP YOUTH
TO PROVIDE VARIOUS SPORTING ACTIVITIES FOR TOWNSHIP YOUTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brendan Sharpe President | Officer | 10 | $0 |
Bruce Henderson Vice President | Officer | 10 | $0 |
Brian Hynes Secretary | Officer | 10 | $0 |
Christopher Briamonte Treasurer | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,198 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,198 |
| Total Program Service Revenue | $225,027 |
| Investment income | $410 |
| 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 | $243,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,972 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,265 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $997 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,992 |
| All other expenses | $128,825 |
| Total functional expenses | $228,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,066 |
| Savings and temporary cash investments | $133,141 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $193,207 |
| Accounts payable and accrued expenses | $10,863 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $10,863 |
| Net assets without donor restrictions | $107,344 |
| Net assets with donor restrictions | $75,000 |
| 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 | $193,207 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Holmdel Youth Activities Association has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
Verizon Foundation Basking Ridge, NJ PURPOSE: VIP PAYOUT FOR 12/03/21 | $1,500 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 12/03/21 | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania Interscholastic Athletic Association Inc Mechanicsburg, PA | $8,620,824 | $8,959,016 |
The Patriot League Bethlehem, PA | $9,439,156 | $5,239,747 |
N J State Interscholastic Athletic Association Robbinsville, NJ | $4,281,078 | $5,144,812 |
Oakcliff Sailing Incorporated Oyster Bay, NY | $7,177,824 | $2,437,513 |
Howell Township Police Athletic League Inc Howell, NJ | $384,420 | $2,796,726 |
Gold Medal Karate Inc Philadelphia, PA | $325,219 | $2,265,129 |
South Jersey Barons Youth Club Inc Marlton, NJ | $793,189 | $1,661,298 |
Prince Athletic Association York, PA | $561,511 | $1,218,167 |
New York State Public High School Athletic Association Section Iii East Syracuse, NY | $1,180,840 | $1,444,967 |
Pine-Richland Youth Center Gibsonia, PA | $1,819,568 | $1,015,041 |
The Skating Club Of Wilmington Inc Wilmington, DE | $1,097,562 | $1,328,074 |
The Deep Run Valley Sports Association Inc Hilltown, PA | $517,093 | $840,585 |