Haymakers For Hope Inc
- Assets
- $644.4k
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Wellesley, MA
- Founding
- 07/2012
- Data as of
- 06/2022
- EIN
- 30-0694643
Organization Overview
Haymakers For Hope Inc is located in Wellesley, MA. The organization was established in 2012. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. As of 06/2022, Haymakers For Hope Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haymakers For Hope 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 06/2022, Haymakers For Hope Inc generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $3.9m during the year ending 06/2022. While expenses have increased by 19.2% per year over the past 7 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.
Since 2015, Haymakers For Hope Inc has awarded 156 individual grants totaling $5,128,554. 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'S MISSION IS TO RAISE MONEY AND AWARENESS FOR CHARITIES THAT MEET THE QUALIFICATIONS AS DESCRIBED IN SECTION 501(C)(3) THROUGH AMATEUR ATHLETIC EVENTS BY: 1) DEVELOPING, ORGANIZING, AND CONDUCTING AMATEUR ATHLETIC EVENTS AND RELATED EVENTS, 2) CONDUCTING PROGRAMS TO RAISE AWARENESS ABOUT ISSUES OF PUBLIC CONCERN, INCLUDING BUT NOT LIMITED TO PUBLIC HEALTH AND MEDICAL RESEARCH ISSUES, 3) THROUGH ATHLETIC AND OTHER EVENTS RAISING FUNDS FOR OTHER NON PROFIT ORGANIZATIONS THAT ARE FOCUSED ON CANCER RESEARCH AND EDUCATION IN UNDERPRIVILEGED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAYMAKERS FOR HOPE'S MISSION IS TO KNOCKOUT CANCER THE ONLY WAY WE KNOW HOW, BY LITERALLY FIGHTING FOR A CURE. WE GIVE EVERDAY MEN AND WOMEN THE OPPORTUNITY TO FIGHT BACK AGAINST THIS TERRIBLE DISEASE BY TRAINING FOR, AND COMPETING IN CHARITY BOXING EVENTS TO RAISE MONEY AND AWARENESS. TO PREPARE FOR EACH EVENT, WE COMBINE THE EFFORTS OF FIRST TIME AMATEUR BOXING PARTICIPANTS, LOCAL BOXING GYMS, AND VOLUNTEERS. WE HOPE TO HELP GIVE LIFE SAVING RESEARCHERS THE RESOURCES NEEDED TO FULLY FOCUS THEIR EFFORTS ON FINDING A CURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Myerson Executive Director | OfficerTrustee | 50 | $161,538 |
Mark Avery Treasurer, Clerk, Director | Officer | 50 | $119,231 |
Julie Anne Kelly Director, Assistant Clerk | OfficerTrustee | 50 | $96,923 |
Paul Palandjian Director | Trustee | 1 | $0 |
Jonathan Halvorson Director | Trustee | 1 | $0 |
Jason Harris Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $194,413 |
| All other contributions, gifts, grants, and similar amounts not included above | $183,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $377,532 |
| Total Program Service Revenue | $3,671,303 |
| Investment income | $9,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,253 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,070,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,586,644 |
| 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. | $568,904 |
| Compensation of current officers, directors, key employees. | $199,117 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $304,317 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $99,896 |
| Payroll taxes | $58,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,410 |
| Fees for services: Accounting | $30,238 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $124,723 |
| Advertising and promotion | $16,208 |
| Office expenses | $28,359 |
| Information technology | $38,396 |
| 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 | $7,642 |
| All other expenses | $137,624 |
| Total functional expenses | $3,870,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,488 |
| Savings and temporary cash investments | $0 |
| 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 | $103,291 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $196,632 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $644,411 |
| Accounts payable and accrued expenses | $185,766 |
| Grants payable | $0 |
| Deferred revenue | $129,691 |
| 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 | $315,457 |
| Net assets without donor restrictions | $328,954 |
| 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 | $644,411 |
Grants Awarded
Over the last fiscal year, Haymakers For Hope Inc has awarded $1,513,231 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
DANA-FARBER CANCER INSTITUTE PURPOSE: TO AID DANA-FARBER CANCER INSTITUTE IN THEIR RESEARCH EFFORTS. | $483,342 |
SIBLEY MEMORIAL HOSPITAL FOUNDATION PURPOSE: TO AID SIBLEY MEMORIAL HOSPITAL FOUNDATION IN THEIR RESEARCH EFFORTS. | $148,306 |
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: TO AID MEMORIAL SLOAN KETTERING CANCER CENTER IN THEIR RESEARCH EFFORTS. | $93,931 |
FIRST DESCENTS PURPOSE: TO AID FIRST DESCENTS IN THEIR MISSION. | $58,360 |
HOPE AND HEROES PURPOSE: TO AID HOPE AND HEROES IN THEIR MISSION. | $55,119 |
BAND OF PARENTS PURPOSE: TO AID BAND OF PARENTS IN THEIR MISSION. | $51,052 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Haymakers For Hope Inc has recieved totaling $73,451.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $59,689 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: MEDICAL/SCIENTIFIC RESEARCH & PROGRAMS | $6,800 |
American Endowment Foundation Hudson, OH PURPOSE: MEDICAL RESEARCH | $6,250 |
The@norwood Charitable Foundation Inc Norwood, MA PURPOSE: EXEMPT PURPOSE | $500 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 11/03/21 | $106 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $106 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Effects Institute Boston, MA | $12,526,721 | $12,481,645 |
Hope For Depression Research Foundation New York, NY | $59,831,359 | $6,866,948 |
Israel Cancer Research Fund Inc New York, NY | $17,015,756 | $7,146,502 |
Life Science Cares Inc Cambridge, MA | $8,104,702 | $8,289,428 |
Haymakers For Hope Inc Wellesley, MA | $644,411 | $4,070,620 |
The Progeria Research Foundation Inc Peabody, MA | $53,690,802 | $49,219,762 |
Improvecarenow Inc Essex, VT | $802,029 | $3,120,134 |
Dubai Harvard Foundation For Medical Research Inc Boston, MA | $15,096,309 | $431,547 |
Hitchcock Foundation Lebanon, NH | $36,127,473 | $2,527,806 |
The Curetivity Foundation Darien, CT | $568,541 | $2,365,515 |
Jett Foundation Inc Plymouth, MA | $2,196,455 | $2,598,639 |
Adenoid Cystic Carcinoma Researchfoundation Needham, MA | $3,133,519 | $2,427,133 |