Hoya Foundation
- Assets
- $269.3k
- Revenue
- $467.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Wheat Ridge, CO
- Founding
- 06/2014
- Data as of
- 01/2024
- EIN
- 46-3636632
Organization Overview
Hoya Foundation is located in Wheat Ridge, CO. The organization was established in 2014. According to its NTEE Classification (J02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Employment and related organizations. As of 01/2024, Hoya Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoya 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 01/2024, Hoya Foundation generated $467.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $471.9k during the year ending 01/2024. While expenses have increased by 22.8% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TWOFOLD: 1 HELP SMALL BUSINESSES - ESPECIALLY MINORITY AND WOMAN OWNED - DEVELOP TO BETTER BE ABLE TO DO WORK IN TRANSPORTATION AND CONSTRUCTION AND 2 HELP GIRLS DISCOVER SUSTAINABLE CAREERS IN TRANSPORTATION AND CONSTRUCTION. MINORITY AND WOMEN OWNED BUSINESSES TRADITIONALLY GET LESS THAN 12 OF THE WORK ON PUBLIC CONSTRUCTION AND TRANSPORTATION PROJECTS. WOMEN ARE ONLY 8 OF THE CONSTRUCTION WORKFORCE. WITH HIGH PAYING AND SUSTAINABLE JOBS IN CONSTRUCTION, THIS CAREER CAN HAVE A HUGE IMPACT ON A WOMAN'S ECONOMIC EQUITY OVER HER LIFETIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
US DEPARTMENT OF TRANSPORTATION - WEST CENTRAL SMALL BUSINESS TRANSPORTATION RESOURCE CENTER. THE HOYA FOUNDATION MANAGES THIS FEDERAL GRANT FROM THE US DEPARTMENT OF TRANSPORTATION TO ASSIST SMALL DISADVANTAGED BUSINESSES IN BUILDING THEIR CAPACITY TO BID ON AND PERFORM ON TRANSPORTATION PROJECTS AND PROFESSIONAL SERVICE PROCUREMENTS. THIS GRANT COVERS A 5 STATE AREA - COLORADO, WYOMING, UTAH, NEBRASKA AND SOUTH DAKOTA. THE HOYA FOUNDATION PROVIDES OUTREACH, WORK WITH STATE AGENCIES, BUILDING BUSINESS CAPACITY COACHING FOR SMALL BUSINESSES AND BONDING EDUCATION PROGRAMS.
TRANSPORTATION AND CONSTRUCTION GIRL IS COMMITTED TO EXPANDING CAREER OPPORTUNITIES FOR YOUNG WOMEN, SUPPORTING EQUITY FOR YOUNG WOMEN, ENHANCING YOUNG WOMEN'S SELF-ESTEEM AND HELPING TO MEET THE WORKFORCE SHORTAGE IN CONSTRUCTION. CURRENTLY, ONLY 8 OF THE CONSTRUCTION WORKFORCE IS WOMEN. THAT MEANS HUGE OPPORTUNITY FOR YOUNG WOMEN. TRANSPORTATION AND CONSTRUCTION GIRL DAY STARTS WITH FUN AND COOL EXHIBITS FROM 8:30AM - 11:30AM. THE HOYA FOUNDATION PRESENTS 4 SCHOLARSHIPS AND HONORS THE YOUNG GIRLS WHO GRADUATED FROM CAREER DAYS FOR GIRLS. GIRLS ARE SEATED WITH SPONSORS SO THAT THEY CAN LEARN MORE ABOUT THE BUSINESS OF CONSTRUCTION AND CREATE CONNECTIONS THAT CAN SUPPORT THEM THROUGH THEIR CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Serna Director | Trustee | 40 | $81,440 |
Earl Lee Executive Dir. | Trustee | 10 | $5,004 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $270,468 |
| All other contributions, gifts, grants, and similar amounts not included above | $193,207 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $463,675 |
| Total Program Service Revenue | $0 |
| Investment income | $3,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $467,723 |
| 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. | $81,440 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,537 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,700 |
| Fees for services: Accounting | $10,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,422 |
| Office expenses | $25,631 |
| Information technology | $284 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,666 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,025 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,463 |
| Insurance | $799 |
| All other expenses | $13,823 |
| Total functional expenses | $471,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,576 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$201 |
| Total assets | $269,270 |
| Accounts payable and accrued expenses | -$159 |
| 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 | -$125 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,718 |
| Total liabilities | $16,434 |
| Net assets without donor restrictions | $252,836 |
| Net assets with donor restrictions | $0 |
| 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 | $269,270 |