Heart Of The Hamptons
- Assets
- $1.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Southampton, NY
- Founding
- 07/2003
- Data as of
- 12/2023
- EIN
- 56-2362562
Organization Overview
Heart Of The Hamptons is located in Southampton, NY. The organization was established in 2003. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Heart Of The Hamptons employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Of The Hamptons 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 12/2023, Heart Of The Hamptons generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 24.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HEART OF THE HAMPTONS, LTD. IS TO HELP PEOPLE IN OUR LOCAL COMMUNITY WHO ARE IN NEED, WITHOUT DISCRIMINATION, IN A DIGNIFIED MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD DRIVES, SCHOOL SUPPLIES, RENT ASSISTANCE, UTILITY ASSISTANCE, FUNERAL ASSISTANCE, TRANSPORTATION AND MEDICAL NEEDS ASSISTANCE WERE PROVIDED TO THOSE IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Bishop Executive Di | Trustee | 40 | $142,237 |
Donna Andreassi Board Memebe | Trustee | 2 | $0 |
Gloria Dios Board Member | Trustee | 2 | $0 |
Father Patrick Edwards Board Member | Trustee | 2 | $0 |
Nick Epley Board Member | Trustee | 2 | $0 |
Tanya Luss Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,740,223 |
| Noncash contributions included in lines 1a–1f | $955,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,782,423 |
| Total Program Service Revenue | $0 |
| Investment income | $36,345 |
| 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 | $1,818,768 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,153,639 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $142,237 |
| Compensation of current officers, directors, key employees. | $56,895 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,371 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,200 |
| Payroll taxes | $22,055 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,312 |
| Fees for services: Accounting | $8,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $405 |
| Office expenses | $32,304 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,976 |
| Insurance | $7,011 |
| All other expenses | $0 |
| Total functional expenses | $1,754,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $639,045 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $40,784 |
| 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 | $4,580 |
| Net Land, buildings, and equipment | $9,947 |
| Investments—publicly traded securities | $634,441 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $396,725 |
| Total assets | $1,725,522 |
| Accounts payable and accrued expenses | $0 |
| 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 | $18,441 |
| Total liabilities | $18,441 |
| Net assets without donor restrictions | $1,707,081 |
| 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 | $1,725,522 |