Team Hoyt Vb
- Assets
- $51.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-4755547
Organization Overview
Team Hoyt Vb is located in Virginia Beach, VA. The organization was established in 2014. 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. Team Hoyt Vb 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, Team Hoyt Vb generated $19.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (17.7%) each year. All expenses for the organization totaled $20.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TEAM HOYT VIRGINIA BEACH REMAINS THE PREMIERE RUNNING INCLUSION FOUNDATION OF IT'S KIND AND HOSTS RIDERS AND ATHLETES IN OVER 30 RUNS A YEAR - INCLUDING 5K'S, MARATHONS, HALF MARATHONS AND NOW TRIATHLONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen H White III President | 15 | $0 | |
Stephen Hackforth Secretary/tr | 10 | $0 | |
Steve Brown Vice Preside | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,242 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $19,243 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $2,748 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,766 |
| Total expenses | $20,514 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,918 |
| Other assets | $0 |
| Total assets | $51,769 |
| Total liabilities | $0 |
| Net assets or fund balances | $51,769 |