Hoyt Trust
- Assets
- $13.3m
- Revenue
- $317.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Saginaw, MI
- Founding
- 07/1982
- Data as of
- 06/2022
- EIN
- 38-2413669
Organization Overview
Hoyt Trust is located in Saginaw, MI. The organization was established in 1982. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoyt Trust 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 06/2022, Hoyt Trust generated $317.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $754.5k during the year ending 06/2022. 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
THE TRUST PROVIDES MODEST FINANCIAL SUPPORT TO SUPPORT THE HOYT LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAINTAIN AND PROVIDE A PHYSICAL STRUCTURE FOR THE LIBRARY.
OTHER EXPENSES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Schneider Branch President | OfficerTrustee | 1 | $0 |
Diane Kloc Treasurer | OfficerTrustee | 1 | $0 |
Ralph Martin Vice Preside | OfficerTrustee | 1 | $0 |
Maria Mccarville Executive Di | Officer | 1 | $0 |
Pam Clark Trustee | Trustee | 1 | $0 |
Michael Thompson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,504 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,504 |
| Total Program Service Revenue | $377,866 |
| Investment income | $32,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$144,978 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $317,292 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,886 |
| 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 | $113,926 |
| 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 | $249,994 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $213,661 |
| Insurance | $9,640 |
| All other expenses | $0 |
| Total functional expenses | $754,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $692,537 |
| Pledges and grants receivable | $19,438 |
| Accounts receivable, net | $79,571 |
| 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 | $10,433,793 |
| Investments—publicly traded securities | $1,229,862 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $857,186 |
| Total assets | $13,312,387 |
| Accounts payable and accrued expenses | $50,872 |
| 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 | $3,000,000 |
| Total liabilities | $3,050,872 |
| Net assets without donor restrictions | $9,106,804 |
| Net assets with donor restrictions | $1,154,711 |
| 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 | $13,312,387 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hoyt Trust has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Richard J Garber Foundation Saginaw, MI PURPOSE: CHARITABLE | $7,500 |
Endowment Analysis
| Beg. Balance | $46,500 |
| Ending Balance | $46,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midwest Collaborative For Library Services Inc Lansing, MI | $15,149,263 | $26,161,639 |
Stark County District Library Canton, OH | $22,550,169 | $20,470,010 |
Willard Library Battle Creek, MI | $5,504,980 | $5,978,429 |
Willard Library Of Evansville Evansville, IN | $2,845,085 | $1,302,512 |
Hoyt Trust Saginaw, MI | $13,312,387 | $317,292 |
Galion Public Library Association Galion, OH | $2,277,244 | $693,780 |
Mabel Tainter Literary Library & Educational Society Menomonie, WI | $4,637,206 | $653,036 |
Peninsula Library & Historical Society Peninsula, OH | $2,480,822 | $546,522 |
Ligonier Public Library Ligonier, IN | $2,052,265 | $370,383 |
Detroit Public Library Friends Foundation Inc Detroit, MI | $4,265,630 | $310,193 |
Southeastern Wisconsin Information Technology Exchange Inc Milwaukee, WI | $184,005 | $425,122 |
Cleveland Public Library Foundation Cleveland, OH | $692,602 | $436,979 |