New Hytes Inc
- Assets
- $306.7k
- Revenue
- $419.8k
- Investments
- $0.0
- Employees
- 3
- Location
- New Haven, CT
- Founding
- 03/2010
- Data as of
- 12/2022
- EIN
- 27-0772846
Organization Overview
New Hytes Inc is located in New Haven, CT. The organization was established in 2010. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, New Hytes Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hytes 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 12/2022, New Hytes Inc generated $419.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $264.5k during the year ending 12/2022. While expenses have increased by 8.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE LIVES AND POSITIVELY AFFECT THE FUTURES OF NEW HAVEN'S ECONOMICALLY DISADVANTAGED YOUTH THROUGH A PROGRAM THAT INCORPORATES LIFE SKILLS CURRICULUM AND ACADEMIC SUPPORTS AND PROMOTES BOTH CHARACTER BUILDING AND THE HEALTH BENEFITS OF PARTICIPATION IN ATHLETICS THROUGH TENNIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENRICH THE LIVES AND POSITIVELY AFFECT THE FUTURES OF NEW HAVEN'S ECONOMICALLY DISADVANTAGED YOUTH THROUGH A PROGRAM THAT INCORPORATES LIFE SKILLS CURRICULUM AND ACADEMIC SUPPORTS AND PROMOTES BOTH CHARACTER BUILDING AND THE HEALTH BENEFITS OF PARTICIPATION IN ATHLETICS THROUGH TENNIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Dorato President | Trustee | 3 | $0 |
Robert Alpern Board Of Directors | Trustee | 1 | $0 |
Kathleen Brown-Dorato Board Of Directors | Trustee | 1 | $0 |
Connor Dawson Board Of Directors | Trustee | 1 | $0 |
Jeff Dawson Board Of Directors | Trustee | 1 | $0 |
Kyle Dawson Board Of Directors | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,846 |
| Related organizations | $0 |
| Government grants | $30,625 |
| All other contributions, gifts, grants, and similar amounts not included above | $384,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $423,021 |
| Total Program Service Revenue | $0 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,227 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $419,818 |
| 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. | $125,000 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $7,058 |
| Other salaries and wages | $30,168 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,651 |
| Payroll taxes | $13,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,805 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,363 |
| Advertising and promotion | $6,250 |
| Office expenses | $866 |
| Information technology | $5,063 |
| Royalties | $0 |
| Occupancy | $11,071 |
| 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 | $9,255 |
| Insurance | $4,483 |
| All other expenses | $4,923 |
| Total functional expenses | $264,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,767 |
| Savings and temporary cash investments | $47,851 |
| Pledges and grants receivable | $52,301 |
| 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 | $92,213 |
| Net Land, buildings, and equipment | $50,571 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $306,703 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $204,402 |
| Net assets with donor restrictions | $102,301 |
| 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 | $306,703 |