R S Hoyt Jr Family Foundation
- Assets
- $13.0m
- Revenue
- $483.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 08/1999
- Data as of
- 03/2023
- EIN
- 86-0958722
Organization Overview
R S Hoyt Jr Family Foundation is located in Phoenix, AZ. The organization was established in 1999. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. R S Hoyt Jr Family Foundation 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 03/2023, R S Hoyt Jr Family Foundation generated $483.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $525.6k during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, R S Hoyt Jr Family Foundation has awarded 96 individual grants totaling $1,913,149. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE ARIZONA COMMUNITY FOUNDATION, AN AZ NONPROFIT CORPORATION, SO LONG AS THE ARIZONA COMMUNITY FOUNDATION, INC. REMAINS A QUALIFIED ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO CHARITABLE ORGANIZATIONS IN SUPPORT OF THE PURPOSES OF THE ARIZONA COMMUNITY FOUNDATION, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R David Threshie Director | Trustee | 1 | $0 |
Scot Benefiel Director | Trustee | 1 | $0 |
Wade Hoyt Director | Trustee | 1 | $0 |
Briggs Hoyt Director | Trustee | 1 | $0 |
Kevin Zeigler Director | Trustee | 1 | $0 |
Randy Warner Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $49,035 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $577,882 |
| Net Gain/Loss on Asset Sales | -$143,014 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $483,903 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $382,000 |
| 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. | $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 | $105,321 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,866 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $7,292 |
| All other expenses | $0 |
| Total functional expenses | $525,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,493 |
| Savings and temporary cash investments | $86,822 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,200,000 |
| Investments—publicly traded securities | $3,627,963 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,965,278 |
| Accounts payable and accrued expenses | $755 |
| Grants payable | $1,000 |
| 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 | $1,755 |
| Net assets without donor restrictions | $12,963,523 |
| 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 | $12,965,278 |
Grants Awarded
Over the last fiscal year, R S Hoyt Jr Family Foundation has awarded $365,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
THE FIRST TEE OF PHOENIX PURPOSE: GENERAL SUPPORT | $15,000 |
ARIZONA COMMUNITY FOUNDATION PURPOSE: FOREST HIGHLANDS TO SUPPORT THEIR FLAGSTAFF COMMUNITY EFFORTS. | $10,000 |
BARROW NEUROLOGICAL FOUNDATION PURPOSE: DESIGNATED SUPPORT FOR THE 2023 BARROW GRAND BALL AND FOR THE CROQUET FOR A CURE EVENT | $26,500 |
HONORHEALTH FOUNDATION PURPOSE: FOR BREAST CANCER SERVICES AND THE 2023 HONOR BALL | $30,500 |
SUN DEVIL CLUB PURPOSE: FOR THE 2023 SUN DEVIL THUNDERBIRD PRO-AM (MEN'S & WOMEN'S GOLF) | $20,000 |
MVP FOUNDATION PURPOSE: TO SUPPORT THE 2023 LEADERSHIP ACADEMY CAMP | $10,000 |