Hyatt Memorial Home For Boys
- Assets
- $1.7m
- Revenue
- $47.7k
- Investments
- $1.6m
- Employees
- 0
- Location
- Mocksville, NC
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 56-0891771
Organization Overview
Hyatt Memorial Home For Boys is located in Mocksville, NC. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hyatt Memorial Home For Boys 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, Hyatt Memorial Home For Boys generated $47.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (26.4%) each year. All expenses for the organization totaled $41.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO MEN AND WOMEN ATTENDING ACCREDITED COLLEGES AND UNIVERSITIES. AWARDS ARE BASED PRIMARILY ON NEED AND SCHOLASTIC ACHIEVEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Woolard Director | 1 | $0 | |
E Miles Jones Director | 1 | $0 | |
Lamar Jones Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,117 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,554 |
| Capital Gain Net Income | $1,554 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,081 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $373 |
| Other expenses | $949 |
| Total operating and administrative expenses | $6,728 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $41,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,652 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,652,927 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hyatt Memorial Home For Boys has awarded $35,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MIARI BLOUNT PURPOSE: SCHOLARSHIP | $7,000 |
BRIANNA BROOKS PURPOSE: SCHOLARSHIP | $7,000 |
YASAIRA ESQUIVEL ALCANTARA PURPOSE: SCHOLARSHIP | $7,000 |
ASHLYNN HOLLOMAN PURPOSE: SCHOLARSHIP | $7,000 |
KAHLIA HARGETT PURPOSE: SCHOLARSHIP | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beemok Family Foundation Charleston, SC | $51,753,352 | $227,490 |
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
South Carolina Educational Credit For Exceptional Needs Children Fun Columbia, SC | $1,181,238 | $5,546,279 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |