Fay S Hoy Charitable Remainder Tr
- Assets
- $383.1k
- Revenue
- $28.2k
- Investments
- $372.2k
- Employees
- 0
- Location
- Blacksburg, VA
- Founding
- Data as of
- 12/2022
- EIN
- 85-6607375
Organization Overview
Fay S Hoy Charitable Remainder Tr is located in Blacksburg, VA. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fay S Hoy Charitable Remainder Tr 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, Fay S Hoy Charitable Remainder Tr generated $28.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (73.4%) each year. All expenses for the organization totaled $22.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,717 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,488 |
| Capital Gain Net Income | $10,488 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,205 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,780 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $491 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,088 |
| Contributions, gifts, grants paid | $13,811 |
| Total expenses and disbursements | $22,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40 |
| Savings and temporary cash investments | $10,849 |
| 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 | $383,057 |
| 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, Fay S Hoy Charitable Remainder Tr has awarded $13,811 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
NEW RIVER FAMILY SHELTER PURPOSE: OPERATING FUNDS | $1,381 |
FREE CLINIC OF THE NEW RIVER VALLEY PURPOSE: OPERATING FUNDS | $1,381 |
UNITED DAUGHTERS OF THE CONFEDERACY PURPOSE: OPERATING FUNDS | $1,381 |
BLACKSBURG UNITED METHODIST CHURCH PURPOSE: OPERATING FUNDS | $3,453 |
BLACKSBURG INTERFAITH FOOD PANTRY PURPOSE: OPERATING FUNDS | $1,381 |
HUMANE SOCIETY OF MONTGOMERY COUNTY PURPOSE: OPERATING FUNDS | $2,762 |