Burton & Phyllis Hoffman Foundation Inc
- Assets
- $154.7k
- Revenue
- $358.7k
- Investments
- $0.0
- Employees
- 0
- Location
- East Hartford, CT
- Founding
- 06/2000
- Data as of
- 06/2022
- EIN
- 06-1546659
Organization Overview
Burton & Phyllis Hoffman Foundation Inc is located in East Hartford, CT. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Burton & Phyllis Hoffman Foundation Inc 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 06/2022, Burton & Phyllis Hoffman Foundation Inc generated $358.7k in total revenue. All expenses for the organization totaled $428.6k during the year ending 06/2022. While expenses have increased by 36.5% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Burton & Phyllis Hoffman Foundation Inc has awarded 55 individual grants totaling $410,825. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd W Hoffman Co-President/director | 1 | $0 | |
Phyllis B Keyes Secretary | 1 | $0 | |
Phyllis W Hoffman Chairman Of Board/director | 1 | $0 | |
Jeffrey S Hoffman Co-President/director | 1 | $0 | |
I Bradley Hoffman Co-President/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $358,711 |
| Total Revenue | $358,711 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $172,808 |
| Total operating and administrative expenses | $174,133 |
| Contributions, gifts, grants paid | $254,475 |
| Total expenses and disbursements | $428,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $146,161 |
| Net Accounts receivable | $8,551 |
| 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 | $154,712 |
| 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, Burton & Phyllis Hoffman Foundation Inc has awarded $254,475 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
CONNECTICUT CHILDREN'S FOUNDATION INC PURPOSE: BURTON & PHYLLIS HOFFMAN FAMILY ENDOWED CHAIR IN ADOLESCENT HEALTH | $50,000 |
HARTFORD HEALTHCARE PURPOSE: PLEDGE 7 OF 9 | $41,875 |
West Hartford, CT PURPOSE: ENCORE 2021 GALA FOR $5K/21-22 SEASON PRODUCTIONS FOR $15K FOR KILL MOVE PARADISE, CONNECTICUT SHAKESPEARE FESTIVAL, AND MAINSTAGE SEASON 13 | $20,000 |
Hartford, CT PURPOSE: $5,000 FOR RUTH BADER GINSBURG MURAL PROJECT AND $11,000 FOR HOLIDAY BASKETS/GIFT CARDS | $16,000 |
Hartford, CT PURPOSE: HARTFORD HOSPITAL'S 30TH ANNUAL BLACK & RED | $15,000 |
Hartford, CT PURPOSE: ANONYMOUS ENDOW HARTFORD 21 FUND | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Burton & Phyllis Hoffman Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Antonacci Family Foundation Enfield, CT PURPOSE: CHARITY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peoples United Community Foundation Bridgeport, CT | $0 | $2,660,856 |
Goldman Sachs Foundation New York, NY | $0 | $131,861,636 |
Commonwealth Fund New York, NY | $0 | $69,444,117 |
Clark Foundation New York, NY | $443,485,871 | $14,281,811 |
John A Hartford Foundation New York, NY | $722,012,839 | $47,164,108 |
Blackstone Charitable Foundation New York, NY | $141,651,293 | $22,568,243 |
Oneworld Boston Inc Woburn, MA | $219,473,176 | $23,349,707 |
Deloitte Foundation Stamford, CT | $61,773,232 | $17,876,963 |
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Massmutual Foundation Inc Springfield, MA | $16,295,000 | $8,380,000 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |