The Hite Foundation Inc

Melville, NY
Tax-exempt since Oct. 2004
EIN: 22-2856867

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$630k (2024)

Expenses

$795k (2024)

Total Assets

$15.1M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Revenue

$629,566

Expenses

$795,409

Net Income

-$165,843

Net Assets

$15,148,185

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	15.9%
Interest Revenue	$1,214	0.2%
Dividends	$37,935	6.0%
Sales of Assets	$23,525	3.7%
Other Income	$466,892	74.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$733,192	92.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,148,185
Total Liabilities	$0
Net Assets	$15,148,185

Compensation

Key Employees and Officers	Compensation	Other
Lawrence D Hite (President)	$0	$0
Alex Greyserman (Treasurer)	$0	$0
Sharon Hite (Director)	$0	$0

990-PF

Filed on May 15, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2023

Revenue

$2,470,921

Expenses

$1,572,975

Net Income

$897,946

Net Assets

$15,307,718

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,799,456	72.8%
Interest Revenue	$1,150	0.0%
Dividends	$43,487	1.8%
Sales of Assets	$303,506	12.3%
Other Income	$323,322	13.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$923,530	58.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,307,718
Total Liabilities	$0
Net Assets	$15,307,718

Compensation

Key Employees and Officers	Compensation	Other
Lawrence D Hite (President)	$0	$0
Alex Greyserman (Treasurer)	$0	$0
Sharon Hite (Director)	$0	$0

990-PF

Filed on May 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2022

Revenue

$3,197,121

Expenses

$3,302,032

Net Income

-$104,911

Net Assets

$14,409,772

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$56	0.0%
Dividends	$60,751	1.9%
Sales of Assets	$658,970	20.6%
Other Income	$2,477,344	77.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$839,086	25.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,409,772
Total Liabilities	$0
Net Assets	$14,409,772

Compensation

Key Employees and Officers	Compensation	Other
Lawrence D Hite (President)	$0	$0
Alex Greyserman (Treasurer)	$0	$0
Sharon Hite (Director)	$0	$0

990-PF

Filed on May 10, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2021

Revenue

$1,253,581

Expenses

$762,329

Net Income

$491,252

Net Assets

$14,514,683

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$150,000	12.0%
Interest Revenue	$10	0.0%
Dividends	$17,260	1.4%
Sales of Assets	-$573,209
Other Income	$1,659,520	> 100%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$440,753	57.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,756,397
Total Liabilities	$241,714
Net Assets	$14,514,683

Compensation

Key Employees and Officers	Compensation	Other
Lawrence D Hite (President)	$0	$0
Simon Levin (Secretary)	$0	$0
Alex Greyserman (Vice President)	$0	$0
Sharon Hite (Treasurer)	$0	$0

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990-PF

Filed on May 13, 2022

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2020

Revenue

$3,395,661

Expenses

$2,780,439

Net Income

$615,222

Net Assets

$14,023,431

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$605,000	17.8%
Interest Revenue	$19	0.0%
Dividends	$38,062	1.1%
Sales of Assets	$9,680	0.3%
Other Income	$2,742,900	80.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$671,043	24.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,124,181
Total Liabilities	$100,750
Net Assets	$14,023,431

Compensation

Key Employees and Officers	Compensation	Other
Lawrence D Hite (President)	$0	$0
Simon Levin (Secretary)	$0	$0
Alex Greyserman (Vice President)	$0	$0
Sharon Hite (Treasurer)	$0	$0

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990-PF

Filed on May 14, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2019

Revenue

-$665,304

Expenses

$748,695

Net Income

-$1,413,999

Net Assets

$13,422,756

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$673,682
Interest Revenue	$23
Dividends	$6,864
Sales of Assets	$0
Other Income	-$715,040

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$680,899	90.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,572,756
Total Liabilities	$150,000
Net Assets	$13,422,756

Compensation

Key Employees and Officers	Compensation	Other
Lawrence D Hite (President)	$0	$0
Simon Levin (Secretary)	$0	$0
Alex Greyserman (Vice President)	$0	$0
Sharon Hite (Treasurer)	$0	$0

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990-PF

Filed on July 2, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2018

Revenue

$1,385,343

Expenses

$651,717

Net Income

$733,626

Net Assets

$14,841,964

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$411,810	29.7%
Interest Revenue	$43	0.0%
Dividends	$8,209	0.6%
Sales of Assets	$169,352	12.2%
Other Income	$795,929	57.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$643,884	98.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,996,394
Total Liabilities	$154,430
Net Assets	$14,841,964

Compensation

Key Employees and Officers	Compensation	Other
Lawrence D Hite (Pres)	$0	$0
Simon Levin (Secy/Tres)	$0	$0
Alex Greyserman (Vice President)	$0	$0

990-PF

Filed on May 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2017

Revenue

$2,852,433

Expenses

$615,173

Net Income

$2,237,260

Net Assets

$14,108,984

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,152,667	> 100%
Interest Revenue	$13	0.0%
Dividends	$13,242	0.5%
Sales of Assets	-$292,977
Other Income	-$20,512

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$652,408	> 100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,383,984
Total Liabilities	$275,000
Net Assets	$14,108,984

Compensation

Key Employees and Officers	Compensation	Other
Lawrence D Hite (Pres)	$0	$0
Simon Levin (Secy/Tres)	$0	$0
Alex Greyserman (Vice President)	$0	$0

990-PF

Filed on May 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2016

Revenue

$2,164,626

Expenses

$1,148,776

Net Income

$1,015,850

Net Assets

$11,871,162

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$420,000	19.4%
Interest Revenue	$14	0.0%
Dividends	$28,277	1.3%
Sales of Assets	$1,593,383	73.6%
Other Income	$122,952	5.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$719,246	62.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,255,665
Total Liabilities	$384,503
Net Assets	$11,871,162

Compensation

Key Employees and Officers	Compensation	Other
Lawrence D Hite (Pres)	$0	$0
Simon Levin (Secy/Tres)	$0	$0
Alex Greyserman (Vice President)	$0	$0

990-PF

Filed on Jan. 16, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2015

Revenue

$3,743,839

Expenses

$509,620

Net Income

$3,234,219

Net Assets

$10,864,772

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$325,000	8.7%
Interest Revenue	$14	0.0%
Dividends	$42	0.0%
Sales of Assets	$3,386,734	90.5%
Other Income	$32,049	0.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$411,731	80.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,942,354
Total Liabilities	$77,582
Net Assets	$10,864,772

Compensation

Key Employees and Officers	Compensation	Other
Lawrence D Hite (Pres)	$0	$0
Simon Levin (Secy/Tres)	$0	$0
Alex Greyserman (Vice President)	$0	$0

990-PF

Filed on May 10, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2014

Revenue

$2,097,310

Expenses

$618,684

Net Income

$1,478,626

Net Assets

$7,628,661

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$538,790	25.7%
Interest Revenue	$24	0.0%
Dividends	$432	0.0%
Sales of Assets	$1,681,905	80.2%
Other Income	-$123,841

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$383,524	62.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,789,495
Total Liabilities	$160,834
Net Assets	$7,628,661

Compensation

Key Employees and Officers	Compensation	Other
Lawrence D Hite (Pres)	$0	$0
Simon Levin (Secy/Tres)	$0	$0
Alex Greyserman (Vice President)	$0	$0

990-PF

Filed on Feb. 12, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2013

Revenue

-$979,212

Expenses

$719,213

Net Income

-$1,698,425

Net Assets

$6,168,088

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000
Interest Revenue	$1,162
Dividends	$16
Sales of Assets	$0
Other Income	-$96,967

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$337,895	47.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,408,757
Total Liabilities	$240,669
Net Assets	$6,168,088

990-PF

Filed on Dec. 27, 2013

Primary tax return for a private foundation's activities, finances, and governance

View Filing

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PDF XML

Fiscal Year Ending June
2012

Revenue

$223,805

Expenses

$511,899

Net Income

-$288,094

Net Assets

$7,921,197

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,000	89.4%
Interest Revenue	$1,346	0.6%
Dividends	$2,089	0.9%
Sales of Assets	$0
Other Income	$370,135	> 100%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$307,381	60.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,942,508
Total Liabilities	$21,311
Net Assets	$7,921,197

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$3,588,206

Expenses

$762,058

Net Income

$2,826,148

Net Assets

$8,196,064

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$300,000	8.4%
Interest Revenue	$1,890	0.1%
Dividends	$3,621	0.1%
Sales of Assets	$3,277,133	91.3%
Other Income	$5,562	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$362,360	47.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,254,420
Total Liabilities	$58,356
Net Assets	$8,196,064

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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The Hite Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $630k (2024)

Expenses $795k (2024)

Total Assets $15.1M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$630k (2024)

Expenses

$795k (2024)

Total Assets

$15.1M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002