STEWART W & WILLMA C HOYT FOUNDATION INC: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- STEWART W & WILLMA C HOYT FOUNDATION INC (EIN 22-3209342)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-06-12
- IRS object ID
- 201701639349100160
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- General Explanation Attachment
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-06-12T08:40:18-07:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sbarra & Company CPAS PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1701 N St Bdg 40-2 Ste J34 | AddressLine1Txt |
| City | Endicott | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 13760 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223209342 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE STEWART W & WILLMA C HOYT | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | STEW | BusinessNameControlTxt |
| Phone | 6077720780 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 FRONT STREET | AddressLine1Txt |
| City | BINGHAMTON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 13905 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CATHERINE SCHWOEFFERMANN | PersonNm |
| Person Title | Executive Director | PersonTitleTxt |
| Signature | 2017-06-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | THOMAS K SBARRA | PreparerPersonNm |
| PTIN | P00169397 | PTIN |
| Phone | 6077547707 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $21,371,335 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $6,182 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $6,182 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $363,567 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $363,567 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $13,200 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $13,200 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | -$35,864 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $934,397 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,115,947 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $934,397 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $87,908 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $87,908 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,405,254 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,405,254 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $138,834 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $13,883 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $124,951 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $43,155 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $13,100 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $30,055 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $2,672 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $1,069 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $1,603 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $3,846 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $962 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $2,884 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $10,100 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $4,040 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $6,060 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $15,724 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $15,724 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $23,259 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,769 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $9,490 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $20,992 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $6,579 | DeprecAndDpltnNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $6,089 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $609 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $5,480 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $220 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $220 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $104,922 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $49,265 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $55,657 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $369,813 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $107,000 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $236,400 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $777,605 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $777,605 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,147,418 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $107,000 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,014,005 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $257,836 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,298,254 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $245,863 | CashBOYAmt |
| Cash EOY | $531,193 | CashEOYAmt |
| Cash EOYFMV | $531,193 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,334,946 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $3,374,620 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $3,374,620 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $18,845,930 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $17,184,922 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $17,184,922 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $700,341 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $468,035 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $241,658 | LandBOYAmt |
| Land EOY | $232,306 | LandEOYAmt |
| Land EOYFMV | $280,600 | LandEOYFMVAmt |
| Other Assets BOY | $334,096 | OtherAssetsBOYAmt |
| Total Assets BOY | $21,002,493 | TotalAssetsBOYAmt |
| Total Assets EOY | $21,323,041 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $21,371,335 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $600 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $600 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $600 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $600 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $21,001,893 | UnrestrictedBOYAmt |
| Unrestricted EOY | $21,322,441 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $21,001,893 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $21,322,441 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $21,002,493 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $21,323,041 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $21,001,893 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $257,836 | ExcessRevenueOverExpensesAmt |
| Other Increases | $62,712 | OtherIncreasesAmt |
| Subtotal | $21,322,441 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $21,322,441 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| VARIOUS SHS HAHN CAPITAL MANAGEMENT LLC | P | 2016-01-01 | 2016-01-01 | $184,390 | $171,409 | $12,981 | $12,981 |
| TIFF PARTNERS II | P | 2016-01-01 | 2016-04-30 | $3,256 | $59,926 | -$56,670 | -$56,670 |
| 41302.403 SHS TIFF MULTI ASSET FUND | P | 2016-01-01 | 2016-04-19 | $603,015 | $622,990 | -$19,975 | -$19,975 |
| 35288.803 SHS TIFF MULTI ASSET FUND | P | 2016-01-01 | 2016-06-16 | $502,513 | $532,283 | -$29,770 | -$29,770 |
| GATOR FINANCIAL PARTNERS | P | 2016-01-01 | 2016-12-31 | $200,797 | $277,855 | -$77,058 | -$77,058 |
| 22807 SHS VANGUARD MID CAP INDEX FD | P | 2016-01-01 | 2017-06-16 | $2,003,834 | $2,052,925 | -$49,091 | -$49,091 |
| 336.938 SHS TIFF ABSOLUTE RETURN POOL | P | 2016-01-01 | 2016-12-31 | $1,500,000 | $464,162 | $1,035,838 | $1,035,838 |
| Capital Gain Dividends | $118,142 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $934,397 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,087,225 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $21,553,129 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.05044 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,042,890 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $22,166,495 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.04705 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $559,893 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $21,004,616 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.02666 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $488,091 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $19,207,932 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.02541 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $557,233 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $18,948,779 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.02941 | DistributionYr5Rt |
| Total Distribution | 0.178966 | TotalDistributionRt |
| Average Distribution | 0.035793 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $20,013,102 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $716,329 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $12,983 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $729,312 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,021,524 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $12,983 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $12,983 | SubtotalAmt |
| Tax Based On Investment Income | $12,983 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $28,024 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $28,024 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $15,041 | OverpaymentAmt |
| Applied To ES Tax | $15,041 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | false | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (true) | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | www.hoytfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE HOYT FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6077720780 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 FRONT STREET | AddressLine1Txt |
| City | Binghamton | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 13905 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | false | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt |
|---|---|---|---|---|---|---|---|
| MICHAEL J GAVIN | |||||||
| 70 FRONT STREET | BINGHAMTON | NY | 13905 | BOARD MEMBER | 1.00 | $0 | |
| LOUISE DONOHUE | |||||||
| 70 FRONT STREET | BINGHAMTON | NY | 13905 | BOARD MEMBER | 1.00 | $0 | |
| GAIL KOVAC | |||||||
| 70 FRONT STREET | BINGHAMTON | NY | 13905 | BOARD MEMBER | 1.00 | $0 | |
| MARENA GONZ | |||||||
| 70 FRONT STREET | BINGHAMTON | NY | 13905 | CHAIR | 3.00 | $0 | |
| JEFFERY SMITH | |||||||
| 70 FRONT STREET | BINHAMTON | NY | 13905 | VICE-CHAIR | 1.00 | $0 | |
| CATHERINE SCHWOEFFERMANN | |||||||
| 70 FRONT STREET | BINGHAMTON | NY | 13905 | Executive Direc | 50.00 | $110,600 | $28,234 |
| AUBREY CLARK | |||||||
| 70 FRONT STREET | BINGHAMTON | NY | 13905 | BOARD MEMBER | 1.00 | $0 | |
| GARY DAVID REIN | |||||||
| 70 FRONT ST | BINGHAMTON | NY | 13905 | SECRETARY-TREAS | 2.00 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $19,800,958 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $417,732 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $99,180 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $20,317,870 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $20,317,870 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $304,768 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $20,013,102 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,000,655 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,000,655 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $12,983 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $12,983 | TotalTaxAmt |
| Distributable Before Adj | $987,672 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $987,672 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $987,672 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,014,005 | ExpensesAndContributionsAmt |
| Charitable Assets Acquis Paid | $7,519 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $1,021,524 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $12,983 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,008,541 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $987,672 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $3,110 | UndistributedIncomePYAmt |
| Qualifying Distributions | $1,021,524 | QualifyingDistributionsAmt |
| Applied To Year1 | $3,110 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $987,672 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $30,742 | RemainingDistriFromCorpusAmt |
| Total Corpus | $30,742 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $30,742 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $30,742 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | CATHERINE SCHWOEFFERMANN EXEC DIREC | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 70 FRONT STREET | AddressLine1Txt |
| City | BINGHAMTON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 13905 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 6077720780 | RecipientPhoneNum |
| Form And Info And Materials | SEE APPLICATION FORM ON FOUNDATION WEBSITE AT WWW.HOYFOUNDATION.ORG. ALSO SEE VARIOUS GUIDELINES, CHECKLISTS AND INSTRUCTIONS ATTACHED. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | SEE ATTACHED APPLICATION INSTRUCTIONS | SubmissionDeadlinesTxt |
| Restrictions On Awards | SEE ATTACHED APPLICATION INSTRUCTIONS | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | SEE SCHEDULE ATTACHED | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | FRONT ST | AddressLine1Txt |
| City | BINGHAMTON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 13905 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Grant Or Contribution Purpose | VARIOUS | GrantOrContributionPurposeTxt |
| Amt | $777,605 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $777,605 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | SEE ATTACHED SCHEDULE | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | FRONT ST | AddressLine1Txt |
| City | BINGHAMTON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 13905 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Grant Or Contribution Purpose | VARIOUS | GrantOrContributionPurposeTxt |
| Amt | $558,800 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $558,800 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,182 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $363,567 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | -$35,864 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $934,397 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| INC IN CASH SURR VAL INS | 14 | $83,792 |
| OTHER INCOME | 1 | $4,116 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,356,190 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,356,190 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $10,100 | Amt |
| Net Investment Income | $4,040 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $6,060 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (26 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| 70 FRONT BUILDING | 2001-07-18 | $112,152 | $40,424 | SL | 40.0000 | $2,804 | $993 |
| IMPROVEMENT-FRONT STEPS | 2004-08-15 | $1,840 | $1,404 | SL | 15.0000 | $123 | $44 |
| NEW OFFICES ON 1ST FLOOR | 2006-06-30 | $18,100 | $11,466 | SL | 15.0000 | $1,207 | $121 |
| REPLACE PORCH ROOF | 2006-06-30 | $9,657 | $6,118 | SL | 15.0000 | $644 | $228 |
| THERMOSTAT INSTALLATION | 2006-12-27 | $1,947 | $1,755 | SL | 10.0000 | $192 | $68 |
| CONCRETE SIDEWALK | 2006-08-18 | $4,768 | $2,968 | SL | 15.0000 | $318 | $113 |
| BACK SIDE WALK | 2007-06-04 | $1,550 | $884 | SL | 15.0000 | $103 | $36 |
| REPLACE ROOF | 2007-09-20 | $10,000 | $5,503 | SL | 15.0000 | $667 | $236 |
| REPLACE ROOF | 2007-09-20 | $11,267 | $6,196 | SL | 15.0000 | $751 | $266 |
| IMPROVEMENT NEW OFFICE | 2008-09-11 | $5,244 | $3,843 | SL | 10.0000 | $524 | $52 |
| PAINTING BLDG | 2010-10-31 | $77,950 | $40,274 | SL | 10.0000 | $7,795 | $2,759 |
| LANDSCAPING | 2010-11-01 | $5,065 | $1,746 | SL | 15.0000 | $338 | $120 |
| PORCH RECONSTRUCTION | 2010-07-01 | $27,700 | $10,158 | SL | 15.0000 | $1,847 | $654 |
| INSULATION IN ATTIC | 2010-09-01 | $3,600 | $1,280 | SL | 15.0000 | $240 | $85 |
| ALARM SYSTEM | 2011-05-01 | $1,878 | $1,754 | SL | 5.0000 | $124 | $44 |
| TELEPHONE SYSTEM | 2012-01-27 | $2,488 | $1,950 | SL | 5.0000 | $498 | $50 |
| 3 LENOVO DESKTOPS M71Z | 2012-06-05 | $3,616 | $2,591 | SL | 5.0000 | $723 | $72 |
| GUTTER SYSTEM | 2012-06-12 | $5,777 | $1,380 | SL | 15.0000 | $385 | $136 |
| MACBOOK PRO LAPTOP | 2013-02-25 | $1,629 | $1,153 | SL | 4.0000 | $407 | $41 |
| ELECTRIC PANEL | 2013-01-01 | $2,700 | $540 | SL | 15.0000 | $180 | $64 |
| LIGHTING UPGRADE | 2013-09-05 | $1,847 | $432 | SL | 10.0000 | $185 | $65 |
| BRICK REPOINTING | 2015-06-30 | $2,150 | $108 | SL | 10.0000 | $215 | $76 |
| LANDSCAPING - REAR HOUSE | 2015-08-01 | $3,100 | $129 | SL | 10.0000 | $310 | $110 |
| CHIMNEYS REBUILT | 2016-03-31 | $3,750 | SL | 15.0000 | $188 | $67 | |
| LOWER LEVEL AC UNIT | 2016-07-25 | $3,724 | SL | 10.0000 | $155 | $55 | |
| 5 HAIRSTATION COUNTERTOPS | 2016-11-01 | $4,165 | SL | 10.0000 | $69 | $24 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | General Explanation Supplemental Information for Form 990-PF | FormAndLineReferenceDesc |
| Medium Explanation | PART VII-A QUESTION 11THE HOYT FOUNDATION IS THE 100% OWNER OF A SINGLE MEMBER LLC BY THE NAME OF, 70 FRONT STREET, LLC. WHICH OWNS THE OFFICE BUILDING OCCUPIED BY HOYT AND OTHERS. SINCE IT IS 100% OWNED IT IS CONSIDERED A DISREGARDED ENTITY FOR TAX REPORTING PURPOSES. THEREFORE, ALL FINANCIAL TRANSACTIONS OF THE LLC ARE INCLUDED IN THE REPORTING OF THE FOUNDATION AFTER APPROPRIATE ELIMINATIONS OF INTERCOMPANY TRANSACTIONS. THERE IS NO DEBT ON THE BUILDING, THEREFORE THERE IS NO DEBT-FINANCED UNRELATED BUSINESS INCOME. | MediumExplanationTxt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (17 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| TIFF PARTNERS II | FMV | ||
| TIFF MULTI ASSET FUND | FMV | $1,142,899 | $1,142,899 |
| TIFF SHORT TERM FUND | FMV | $5,713 | $5,713 |
| TIFF ABSOLUTE RETURN POOLS A&B | FMV | $1,268,236 | $1,268,236 |
| BROADSTONE REIT | FMV | $1,063,518 | $1,063,518 |
| GATOR FINANCIAL PARTNERS | FMV | ||
| VANGUARD STAR FUND | FMV | $2,566,756 | $2,566,756 |
| VANGUARD HIGH YIELD | FMV | $223,102 | $223,102 |
| LIT-GREG/MASTERS SELECT INTL | FMV | $728,248 | $728,248 |
| VANGUARD PRIMECAP CORE | FMV | $870,852 | $870,852 |
| VANGUARD ST INV GR BONDS | FMV | $693,217 | $693,217 |
| VANGUARD INTER-MED BONDS | FMV | $1,237,408 | $1,237,408 |
| CALAMOS GROWTH | FMV | $489,768 | $489,768 |
| VANGUARD ETF MEGA CAP | FMV | $3,603,351 | $3,603,351 |
| VANGUARD ETF MID CAP | FMV | $504,582 | $504,582 |
| VANGUARD ETF SMALL CAP | FMV | $719,334 | $719,334 |
| HAHN MID CAP MANAGEMENT | FMV | $2,067,938 | $2,067,938 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Furniture and Fixtures | $32,754 | $32,153 | $601 | $600 |
| Buildings | $112,152 | $43,228 | $68,924 | $80,500 |
| Improvements | $485,935 | $392,654 | $93,281 | $130,000 |
| Land | $69,500 | $69,500 | $69,500 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $3,846 | LegalFeesAmt |
| Net Investment Income | $962 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $2,884 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (19 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| BANK FEES | $120 | $120 | |
| BOARD FUNCTIONS | $834 | $751 | $83 |
| BOOKS/SUBSCRIPTIONS | $909 | $909 | |
| CLEANING | $4,390 | $3,951 | $439 |
| COMPUTER SERVICE | $1,735 | $1,562 | $173 |
| CONSULTANT FEES | $31,507 | $31,507 | |
| DUES & MEMBERSHIPS | $4,148 | $4,148 | |
| FILING FEES | $750 | $750 | |
| INSURANCE-GENERAL | $6,384 | $5,746 | $638 |
| MISCELLANEOUS | $802 | $802 | |
| OFFICE FURNITURE & EQ | $115 | $103 | $12 |
| OFFICE SUPPLIES | $2,305 | $2,075 | $230 |
| PARKING | $365 | $328 | $37 |
| PAYROLL SERVICE | $1,267 | $1,068 | $199 |
| POSTAGE & MAILING | $419 | $377 | $42 |
| PUBLIC NOTICE | $10 | $10 | |
| Rental Expenses | $43,382 | $28,025 | $15,357 |
| REPAIRS & MAINTENANCE | $90 | $81 | $9 |
| TELEPHONE | $5,390 | $4,851 | $539 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| INC IN CASH SURR VAL INS | $83,792 | $83,792 |
| OTHER INCOME | $4,116 | $4,116 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SECURITY DEPOSIT | Desc |
| BOY Book Value | $600 | BOYBookValueAmt |
| EOY Book Value | $600 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $15,724 | Amt |
| Net Investment Income | $15,724 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL EXCISE TAX | $12,000 | ||
| PAYROLL TAXES | $11,259 | $1,769 | $9,490 |
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