Burton & Phyllis Hoffman Foundation Inc
- Assets
- $134.7k
- Revenue
- $486.2k
- Investments
- $0.0
- Employees
- 0
- Location
- East Hartford, CT
- Founding
- 06/2000
- Data as of
- 06/2023
- 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 06/2023, Burton & Phyllis Hoffman Foundation Inc generated $486.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 74.6% each year . All expenses for the organization totaled $506.5k during the year ending 06/2023. While expenses have increased by 31.7% per year over the past 4 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 83 individual grants totaling $814,750. 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 |
|---|---|---|---|
Phyllis W Hoffman Chairman Of Board/director | 1 | $0 | |
Jeffrey S Hoffman Co-President/director | 1 | $0 | |
Todd W Hoffman Co-President/director | 1 | $0 | |
I Bradley Hoffman Co-President/director | 1 | $0 | |
Phyllis B Keyes Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $283 |
| 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 | $485,873 |
| Total Revenue | $486,156 |
| 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 | $101,140 |
| Total operating and administrative expenses | $102,531 |
| Contributions, gifts, grants paid | $403,925 |
| Total expenses and disbursements | $506,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $134,711 |
| 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 | $134,711 |
| 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 $403,925 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
2-4-1 CARE INC PURPOSE: GOLD SPONSORSHIP OF 2-4-1 SPORTS PROGRAM | $1,250 |
AURORA WOMEN & GIRLS FOUNDATION INC PURPOSE: $1,000 FOR 2023 SPONSORSHIP AND $1,000 FOR 100 MEN'S GIVING CAMPAIGN 2022 SILVER SPONSORSHIP | $2,000 |
BIG BROTHERS BIG SISTERS OF CONNECTICUT PURPOSE: $5,000 FOR 2022 BIG BROTHERS BIG SISTERS OF CONNECTICUT GOLF CLASSIC SILVER SPONSHIP AND $15,000 FOR 2023 BIG BROTHERS BIG SISTERS OF CONNECTICUT GALA SPONSORSHIP | $20,000 |
BOYS & GIRLS CLUBS OF HARTFORD PURPOSE: $1,000 FOR GOLF CLASSIC AND $5,000 FOR THE 2023 GREAT FUTURES CELEBRATION AS A VISIONARY SPONSOR | $6,000 |
BRAIN INJURY ALLIANCE OF CONNECTICUT INC PURPOSE: 2023-24 SILVER CORPORATE PARTNER SPONSORSHIP | $5,000 |
CAMP COURANT INCORPORATED PURPOSE: 2022 BUDDY BASH SPONSORSHIP "PLAY WITH A PURPOSE" | $5,000 |