Hits Foundation
- Assets
- $297.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springville, NY
- Founding
- 06/2011
- Data as of
- 12/2022
- EIN
- 27-1040555
Organization Overview
Hits Foundation is located in Springville, NY. The organization was established in 2011. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hits 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 12/2022, Hits Foundation generated $74.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $65.3k during the year ending 12/2022. While expenses have increased by 24.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
STILL IN FUNDRAISING AND CONSTRUCTION PHASE OF PROJECT, PROVIDED FINANCIAL SUPPORT FOR VARIOUS CAUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick R Kaleta President | 5 | $0 | |
Thomas W Kaleta Vice President | 20 | $0 | |
Sandra M Kaleta Treasurer | 10 | $0 | |
Ellen Zimmerman Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,098 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $39,942 |
| Other Revenue | $0 |
| Total Revenue | $74,040 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $39,250 |
| Occupancy, rent, utilities, and maintenance | $135 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,961 |
| Total expenses | $65,346 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $85,589 |
| Other assets | $0 |
| Total assets | $297,792 |
| Total liabilities | $3,491 |
| Net assets or fund balances | $294,301 |