Hayes Foundation
- Assets
- $28.9m
- Revenue
- $3.7m
- Investments
- $24.4m
- Employees
- 0
- Location
- New Haven, CT
- Founding
- 03/2003
- Data as of
- 12/2023
- EIN
- 06-1636828
Organization Overview
Hayes Foundation is located in New Haven, CT. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Hayes 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 12/2023, Hayes Foundation generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Hayes Foundation has awarded 293 individual grants totaling $6,656,685. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hayes Trustee/exec | 20 | $80,000 | |
Elizabeth Hayes Trustee/exec | 5 | $40,000 | |
Kathleen Hayes Trustee/exec | 5 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,648,275 |
| Interest on Savings | $163,632 |
| Dividends & Interest | $852,020 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $94,262 |
| Capital Gain Net Income | $94,262 |
| Net ST Capital Gain | $291,688 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$9,862 |
| Total Revenue | $3,748,327 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $160,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $11,953 |
| Interest | $0 |
| Taxes | $5,553 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47,056 |
| Total operating and administrative expenses | $276,576 |
| Contributions, gifts, grants paid | $1,513,185 |
| Total expenses and disbursements | $1,789,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,121 |
| Savings and temporary cash investments | $474,860 |
| 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 | $3,830,838 |
| Total assets | $28,870,478 |
| Accounts payable and accrued expenses | $144 |
| 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 | $144 |
Grants Awarded
Over the last fiscal year, Hayes Foundation has awarded $1,513,185 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
ALDEA CHILDREN & FAMILY SERVICES PURPOSE: FAMILY SERVICES | $30,000 |
AMERICAN FOUNDATION FOR SUICIDE PURPOSE: MEDICAL | $20,000 |
APPALACHIAN MOUNTAIN CLUB PURPOSE: CONSERVATION | $15,000 |
ART LEAGUE OF LONG ISLAND PURPOSE: CULTURAL | $10,000 |
BOWDOIN COLLEGE ALUMNI FUND PURPOSE: EDUCATIONAL | $30,000 |
BREAKWATER SAILING CENTER INC PURPOSE: EDUCATIONAL | $15,000 |