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Hoyt Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 382413669 ✦ Saginaw, MI ✦ Designated as a 501(c)(3)

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Overview

What is Hoyt Trust?

Hoyt Trust is a nonprofit organization situated in Saginaw, Michigan, with an address at 505 Janes Street. Its primary mission is to provide financial support to ensure the upkeep and operation of the Hoyt Library. The trust's activities are focused on offering modest financial assistance to maintain this vital community resource. The Hoyt Trust's objective is to contribute to the library's continued existence and accessibility for the benefit of the local community.


Official website here: www.saginawlibrary.org

Is Hoyt Trust legitimate?

Hoyt Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hoyt Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.saginawlibrary.org

What is the mission statement of Hoyt Trust?

The Hoyt Trust's mission is centered around providing modest financial assistance to support the operation of a library. Specifically, its goal is to maintain and preserve a physical structure for this library, ensuring its continued availability for use by the community. The trust does not engage in any other activities beyond this primary mission. It solely focuses on the well-being and continuity of the library, providing it with the necessary financial resources to thrive.


Official website here: www.saginawlibrary.org

Who is the CEO of Hoyt Trust?

Maria Mccarville is the Executive Di of Hoyt Trust.


Official website here: www.saginawlibrary.org

What is the revenue of Hoyt Trust?

Hoyt Trust's revenue in 2023 was $633,786.


Official website here: www.saginawlibrary.org

Who are the executives of Hoyt Trust and what are their salaries?

There 5 volunteers at Hoyt Trust.


Here are 6 key members and their salaries:


Maria Mccarville (Executive Di)
  • Compensation: $0
  • Related: $86,725
  • Other: $16,048
Trisha Baker (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Schneider Branch (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pam Clark (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Kloc (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ralph Martin (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.saginawlibrary.org

Where can I find the form 990 for Hoyt Trust?

Hoyt Trust's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.saginawlibrary.org

Learn more at the official website: www.saginawlibrary.org

Mission Statement of Hoyt Trust

The Hoyt Trust, as a nonprofit entity, is committed to providing modest financial assistance to uphold the Hoyt Library. Its mission is centered around maintaining and ensuring the availability of a physical structure for this library. By offering financial support, the Hoyt Trust plays a significant role in preserving and nurturing this vital educational resource, thereby contributing to the overall well-being of the community that relies on it.

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Impact




October, 2024

Hoyt Trust significantly impacts the Saginaw community by providing essential financial support for the Hoyt Library, ensuring its operation and maintenance. This support helps sustain the library as a vital educational resource, offering a physical space for learning and community engagement. By maintaining the library's infrastructure, Hoyt Trust reinforces the importance of accessible education and fosters a love for reading and learning among residents. The trust’s contributions help preserve a valuable cultural asset, enriching the lives of those in the community.




This information is meant to be a general summary of Hoyt Trust. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$633,786 (2023)
2011201220132014201520162017201820192020202120222023$0$800k$1.6M$2.4M$3.2M
Expenses
$782,540 (2023)
2011201220132014201520162017201820192020202120222023$0$300k$600k$900k$1.2M
Efficiency
20112012201320142015201620172018201920202021202220230%0.2%0.4%0.6%0.8%1%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $12,140
  • Program Service Revenue: $425,595
  • Gross Receipts: $893,339

Assets and Liabilities:

  • Total Assets: $13,448,313
  • Total Liabilities: $3,202,987
  • Net Assets: $10,245,326

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT CONTRACT

Revenue

$425,595

Organization Details

Founding Year

1882

Principal Officer

Maria Mccarville

Main Address

505 JANES ST, SAGINAW, MI, 48607

NTEE Category

Code: B71I - Education

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