Td Securities Underwriting Hope Fund Inc
- Assets
- $112.2k
- Revenue
- $380.7k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/2018
- Data as of
- 12/2022
- EIN
- 82-3775525
Organization Overview
Td Securities Underwriting Hope Fund Inc is located in New York, NY. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Td Securities Underwriting Hope Fund Inc 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 12/2022, Td Securities Underwriting Hope Fund Inc generated $380.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $400.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Td Securities Underwriting Hope Fund Inc has awarded 95 individual grants totaling $2,089,500. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION MAKES GRANTS TO 501(C)(3)CHARITABLE ORGANIZATIONS OPERATING IN NY, NJ, CT, AND TX, INCLUDING CHARITABLE ORGANIZATIONS THAT SUPPORT YOUTH-RELATED CAUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SOLICITS DONATIONS AND CONDUCTS FUNDRAISING EVENTS IN ORDER TO RAISE FUNDS FOR CHARITABLE CAUSES. THE ORGANIZATION THEN GRANTS THOSE FUNDS TO SECTION 501(C)(3) CHARITABLE ORGANIZATIONS OPERATING IN NEW YORK, NEW JERSEY, CONNECTICUT AND TEXAS. THE ORGANIZATION'S OBJECTIVES ARE TO PROMOTE INITIATIVES BENEFITTING CHILDREN AND YOUTH IN ITS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juliette Robinson Director; Vice President | OfficerTrustee | 5 | $0 |
Christina Petrou Director; Vice Pres & Sec | OfficerTrustee | 5 | $0 |
Glenn Gibson Director; Chair | OfficerTrustee | 5 | $0 |
Robert Weinman Director; VP & Auct Co-Chair | OfficerTrustee | 5 | $0 |
Ed Rubin Director; VP & Auct Co-Chair | OfficerTrustee | 5 | $0 |
Anna Yaroshenko Director; Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $380,697 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $380,697 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $380,697 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $331,500 |
| 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 | $19,615 |
| 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 | $1,285 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $47,655 |
| Total functional expenses | $400,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,339 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,893 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $112,232 |
| Accounts payable and accrued expenses | $19,614 |
| Grants payable | $75,000 |
| 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 | $0 |
| Total liabilities | $94,614 |
| Net assets without donor restrictions | $0 |
| 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 | $17,618 |
| Total liabilities and net assets/fund balances | $112,232 |
Grants Awarded
Over the last fiscal year, Td Securities Underwriting Hope Fund Inc has awarded $307,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
TRAIL BLAZERS CAMPS PURPOSE: PROGRAM SUPPORT | $10,000 |
AMERICA SCORES NEW YORK PURPOSE: PROGRAM SUPPORT | $7,500 |
THE CARYING PLACE PURPOSE: PROGRAM SUPPORT | $25,000 |
CARVER FOUNDATION OF NORWALK PURPOSE: PROGRAM SUPPORT | $10,000 |
APEX FOR YOUTH INC PURPOSE: PROGRAM SUPPORT | $20,000 |
GIRLS LEADERSHIP INSTITUTE INC PURPOSE: PROGRAM SUPPORT | $20,000 |