Homer Hoyt Institute
- Assets
- $2.1m
- Revenue
- $198.0k
- Investments
- $6.5k
- Employees
- 4
- Location
- North Palm Beach, FL
- Founding
- 04/1968
- Data as of
- 05/2024
- EIN
- 52-6078282
Organization Overview
Homer Hoyt Institute is located in North Palm Beach, FL. The organization was established in 1968. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 05/2024, Homer Hoyt Institute employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homer Hoyt Institute 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 05/2024, Homer Hoyt Institute generated $198.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $303.4k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Homer Hoyt Institute has awarded 17 individual grants totaling $767,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND DISSEMINATE KNOWLEDGE IN REAL ESTATE, LAND ECONOMICS AND RELATED AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND AWARDS INCLUDE 75,000 MADE TO MAURY SELDIN ADVANCED STUDIES INSTITUTE, THE ORGANIZATION'S SUPPORTED ORGANIZATION.
RESEARCH, ROUNDTABLES AND CONFERENCES - THIS INCLUDES GRANTS GIVEN TO STUDY AND ADDRESS CRITICAL ISSUES IN MORTGAGE MARKETS AND THEIR RELATED CONSEQUENCES.
HOYT FELLOWS, LLC WAS ORGANIZED AS A MEMBERSHIP VEHICLE TO FACILITATE THE SUPPORT OF THE ORGANIZATION IN ACHIEVING ITS OBJECTIVES IN THE DEVELOPMENT AND DISSEMINATION OF KNOWLEDGE IN REAL ESTATE, LAND ECONOMICS AND RELATED AREAS. HOMER HOYT INSTITUTE, INC. IS THE SOLE MEMBER OF HOYT FELLOWS, LLC. THEREFORE, ALL OF THE ACTIVITY OF HOYT FELLOWS, LLC IS REPORTED ON HOMER HOYT INSTUTUTE, INC'S FORM 990.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ron M Donohue Exec Vp/trea | OfficerTrustee | 8 | $28,378 |
Dr Jeffrey Fisher Board Chair/ | OfficerTrustee | 4 | $36,000 |
Dr Norman G Miller Vp/asst Trea | OfficerTrustee | 2 | $7,200 |
Thomas L Howard ESQ Asst Secreta | OfficerTrustee | 0.2 | $0 |
Dr Daniel B Kohlhepp Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,929 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,229 |
| Total Program Service Revenue | $0 |
| Investment income | $47,187 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $75,508 |
| Net Gain/Loss on Asset Sales | $22,112 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $198,036 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $97,000 |
| 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. | $71,578 |
| Compensation of current officers, directors, key employees. | $37,589 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,508 |
| Pension plan accruals and contributions | $2,345 |
| Other employee benefits | $8,000 |
| Payroll taxes | $7,355 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,440 |
| Fees for services: Accounting | $6,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,000 |
| Fees for services: Other | $19,859 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,929 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,088 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $840 |
| All other expenses | $128 |
| Total functional expenses | $303,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,233 |
| Savings and temporary cash investments | $435,748 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,286 |
| 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 | $11,281 |
| Net Land, buildings, and equipment | $693,301 |
| Investments—publicly traded securities | $780,319 |
| Investments—other securities | $6,462 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $329 |
| Total assets | $2,100,959 |
| Accounts payable and accrued expenses | $7,862 |
| Grants payable | $0 |
| Deferred revenue | $307 |
| 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 | $31,708 |
| Total liabilities | $39,877 |
| Net assets without donor restrictions | $2,061,082 |
| 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 | $2,100,959 |
Grants Awarded
Over the last fiscal year, Homer Hoyt Institute has awarded $95,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MAURY SELDIN ADVANCED STUDIES INSTI PURPOSE: SUPPORT ORGANIZATION | $10,000 |
MAURY SELDIN ADVANCED STUDIES INSTI PURPOSE: SUPPORT ORGANIZATION | $75,000 |
REAL PROPERTY & INFRASTRUCTURE INST PURPOSE: LAND ECONOMIC STUDIE | $10,000 |