Hole In The Wall Gang Fund Inc
- Assets
- $148.8m
- Revenue
- $14.6m
- Investments
- $76.8m
- Employees
- 140
- Location
- New Haven, CT
- Founding
- 02/1987
- Data as of
- 11/2023
- EIN
- 06-1157655
Organization Overview
Hole In The Wall Gang Fund Inc, operating under the name The Hole In The Wall Gang Camp, is located in New Haven, CT. The organization was established in 1987. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. As of 11/2023, Hole In The Wall Gang Camp employed 140 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hole In The Wall Gang Camp 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 11/2023, Hole In The Wall Gang Camp generated $14.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $18.3m during the year ending 11/2023. While expenses have increased by 3.5% per year over the past 8 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
TO PROVIDE A SUMMER, RESIDENTIAL CAMPING EXPERIENCE FOR CHILDREN, ADOLESCENTS AND YOUNG ADULTS WITH CANCER AND OTHER SERIOUS ILLNESSES. TO PROVIDE YEAR-ROUND SUPPORT AND PROGRAMS FOR THOSE INDIVIDUALS, THEIR FAMILIES, AND THEIR CAREGIVERS. TO PROVIDE ASSISTANCE TO OTHER ORGANIZATIONS WITH SIMILAR MISSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ON-SITE PROGRAMS FOR 2,272 PARTICIPANTS TOTALING 9,178 "CAMPER" DAYS.
PROVIDED 36,356 IN-PERSON HOSPITAL VISITS. PROVIDED VIRTUAL PROGRAMMING IN HOSPITALS AND HOMES AND ALTERNATIVE COMMUNITY GROUP PROGRAMMING FOR 1,508 PARTICIPANTS.
PROVIDED SUPPORT TO ORGANIZATIONS WITH SIMILAR MISSIONS TO ASSIST WITH CAPITAL AND OPERATING NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Lamontagne Chair | OfficerTrustee | 1 | $0 |
Lynn Fusco Vice-Chair, Treasurer | OfficerTrustee | 1 | $0 |
Terry Coughlin Secretary | OfficerTrustee | 1 | $0 |
Khaled F Alhegelan Director | Trustee | 1 | $0 |
Gregory P Brousseau Director | Trustee | 1 | $0 |
Steven Choi MD Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alchemy Celebrations Special Event Caterer | 11/29/23 | $105,151 |
Mike's Log Home Restoration Llc Log Cabin Repairs | 11/29/23 | $152,930 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,783,658 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,264,604 |
| Noncash contributions included in lines 1a–1f | $264,674 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,048,262 |
| Total Program Service Revenue | $0 |
| Investment income | $2,411,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$90,211 |
| Net Income from Fundraising Events | -$778,697 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,606,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,000 |
| 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. | $1,107,632 |
| Compensation of current officers, directors, key employees. | $533,837 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,742,660 |
| Pension plan accruals and contributions | $333,512 |
| Other employee benefits | $1,343,978 |
| Payroll taxes | $542,776 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,697 |
| Fees for services: Accounting | $106,459 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,702 |
| Fees for services: Other | $669,391 |
| Advertising and promotion | $0 |
| Office expenses | $427,995 |
| Information technology | $665,933 |
| Royalties | $0 |
| Occupancy | $401,175 |
| Travel | $467,785 |
| 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 | $2,097,308 |
| Insurance | $410,778 |
| All other expenses | $51,821 |
| Total functional expenses | $18,266,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,505 |
| Savings and temporary cash investments | $1,387,822 |
| Pledges and grants receivable | $1,167,527 |
| 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 | $427,300 |
| Net Land, buildings, and equipment | $34,770,971 |
| Investments—publicly traded securities | $33,632,076 |
| Investments—other securities | $76,785,809 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $522,573 |
| Total assets | $148,796,583 |
| Accounts payable and accrued expenses | $812,029 |
| 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 | $4,167 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $547,478 |
| Total liabilities | $1,363,674 |
| Net assets without donor restrictions | $143,113,103 |
| Net assets with donor restrictions | $4,319,806 |
| 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 | $148,796,583 |
Grants Awarded
Over the last fiscal year, Hole In The Wall Gang Fund Inc has awarded $1,246,417 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SERIOUSFUN CHILDREN'S NETWORK PURPOSE: OPERATING ASSISTANCE | $1,000,000 |
DOUBLE H RANCH PURPOSE: OPERATING ASSISTANCE | $246,417 |