Hyatt Memorial Home For Boys
- Assets
- $2.7m
- Revenue
- $34.3k
- Investments
- $2.7m
- Employees
- 0
- Location
- Mocksville, NC
- Founding
- 03/2000
- Data as of
- 12/2023
- EIN
- 56-0891771
Organization Overview
Hyatt Memorial Home For Boys is located in Mocksville, NC. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hyatt Memorial Home For Boys 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, Hyatt Memorial Home For Boys generated $34.3k 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 (18.7%) each year. All expenses for the organization totaled $76.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hyatt Memorial Home For Boys has awarded 15 individual grants totaling $105,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO MEN AND WOMEN ATTENDING ACCREDITED COLLEGES AND UNIVERSITIES. AWARDS ARE BASED PRIMARILY ON NEED AND SCHOLASTIC ACHIEVEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Woolard Vp, Secy And Director | 7 | $10,000 | |
E Miles Jones President, Treas. And Director | 8 | $15,000 | |
Logan Daniel Director | 2 | $2,000 | |
Shaun Fry Director | 2 | $2,000 | |
Edward Vaunder Director | 2 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $34 |
| Dividends & Interest | $58,225 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$23,911 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,348 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,341 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $949 |
| Total operating and administrative expenses | $55,885 |
| Contributions, gifts, grants paid | $21,000 |
| Total expenses and disbursements | $76,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,018 |
| 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 | $0 |
| Total assets | $2,703,009 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Hyatt Memorial Home For Boys has awarded $21,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ASHLYNN HOLLOMAN PURPOSE: SCHOLARSHIP | $7,000 |
KAHLIA HARGETT PURPOSE: SCHOLARSHIP | $7,000 |
KEASIA SHEPPARD PURPOSE: SCHOLARSHIP | $7,000 |