Hoyt Foundation
- Assets
- $31.7m
- Revenue
- $3.8m
- Investments
- $26.7m
- Employees
- 0
- Location
- New Castle, PA
- Founding
- 05/1964
- Data as of
- 10/2022
- EIN
- 25-6064468
Organization Overview
Hoyt Foundation is located in New Castle, PA. The organization was established in 1964. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Hoyt Foundation 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 10/2022, Hoyt Foundation generated $3.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.9m during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hoyt Foundation has awarded 649 individual grants totaling $4,724,458. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED $273,764 IN POST-SECONDARY SCHOLARSHIPS TO OVER 90 PERSONS. RELATED ADMINISTRATIVE EXPENSES CONSISTED OF HONORARIUMS OF $2,500 EACH TO THE THREE MEMBERS OF THE SCHOLARSHIP COMMITTEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Y Mansell President | 12 | $53,550 | |
Stephen R Sant Director | 5 | $21,420 | |
Steven C Warner Director | 5 | $21,420 | |
Floyd H Mcelwain Director | 5 | $21,420 | |
Debra A Lynch Director | 5 | $21,420 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $56 |
| Dividends & Interest | $674,630 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,660,115 |
| Capital Gain Net Income | $1,660,115 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,505,855 |
| Total Revenue | $3,840,656 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $139,230 |
| Other employee salaries and wages | $18,207 |
| Pension plans, employee benefits | $5,888 |
| Interest | $1,004 |
| Taxes | $10,428 |
| Depreciation | $224,634 |
| Occupancy | $7,408 |
| Travel, conferences, and meetings | $7,108 |
| Printing and publications | $0 |
| Other expenses | $59,494 |
| Total operating and administrative expenses | $599,187 |
| Contributions, gifts, grants paid | $1,326,287 |
| Total expenses and disbursements | $1,925,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,140 |
| Savings and temporary cash investments | $1,253,605 |
| 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 | $1,786,015 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,430,989 |
| Total assets | $31,722,903 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hoyt Foundation has awarded $1,326,287 in support to 159 organizations.
| Grant Recipient | Amount |
|---|---|
WESTERN PENNSYLVANIA FOUNDATION FOR THE ARTS PURPOSE: GENERAL SUPPORT | $250,000 |
NEW WILMINGTON PRESBYTERIAN CHURCH PURPOSE: GENERAL SUPPORT | $201,350 |
New Castle, PA PURPOSE: GENERAL SUPPORT | $80,000 |
NEW VISIONS FOR LAWRENCE COUNTY PURPOSE: GENERAL SUPPORT | $80,000 |
LARK ENTERPRISES PURPOSE: GENERAL SUPPORT | $74,500 |
LAWRENCE COUNTY YMCA PURPOSE: ANNUAL CAMPAIGN | $51,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hoyt Foundation has recieved totaling $150.
| Awarding Organization | Amount |
|---|---|
Joseph Y Moses Foundation Inc New Castle, PA PURPOSE: GENERAL PURPOSES | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |