Hits Foundation
- Assets
- $289.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springville, NY
- Founding
- 06/2011
- Data as of
- 12/2021
- 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 12/2021, Hits Foundation generated $67.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $56.4k during the year ending 12/2021. While expenses have increased by 16.0% 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
2021
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 |
|---|---|---|---|
Thomas W Kaleta Vice President | 20 | $0 | |
Patrick R Kaleta President | 5 | $0 | |
Sandra M Kaleta Treasurer | 10 | $0 | |
Ellen Zimmerman Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,162 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $46,218 |
| Other Revenue | $0 |
| Total Revenue | $67,380 |
| 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 | $39,220 |
| Occupancy, rent, utilities, and maintenance | $137 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,999 |
| Total expenses | $56,356 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $76,845 |
| Other assets | $0 |
| Total assets | $289,098 |
| Total liabilities | $3,491 |
| Net assets or fund balances | $285,607 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hits Foundation has recieved totaling $30,005.
| Awarding Organization | Amount |
|---|---|
Robert And Patricia Colby Foundation Buffalo, NY PURPOSE: GENERAL | $15,000 |
Mulroy Family Foundation Buffalo, NY PURPOSE: GENERAL | $10,000 |
Carlos And Elizabeth Heath Foundation Buffalo, NY PURPOSE: GENERAL | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usta Foundation Incorporated White Plains, NY | $21,092,938 | $14,501,704 |
Womens Sports Foundation New York, NY | $6,988,365 | $6,164,478 |
Roy A Hunt Foundation Pittsburgh, PA | $0 | $8,030,266 |
Pennsylvania National Horse Show Foundation Harrisburg, PA | $536,390 | $3,371,373 |
Sports Humanitarian Group Inc New York, NY | $2,335,161 | $3,283,483 |
Fisher Brothers Foundation Inc New York, NY | $22,918 | $2,660,000 |
Emerald Necklace Conservancy Inc Boston, MA | $8,051,626 | $2,747,205 |
Boston Celtics Shamrock Foundation Inc Boston, MA | $4,628,419 | $2,472,542 |
Kelly S Brush Foundation Burlington, VT | $1,595,240 | $2,359,951 |
Reamstown Athletic Association Reamstown, PA | $734,775 | $1,303,779 |
Connecticut Cancer Foundation Inc Old Saybrook, CT | $10,759,734 | $1,881,982 |
Fishoff Family Foundation Flushing, NY | $3,998,225 | $548,703 |