Maximilian E & Marion O Hoffman Foundation Inc
- Assets
- $46.2m
- Revenue
- $829.7k
- Investments
- $45.6m
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 02/1986
- Data as of
- 06/2022
- EIN
- 22-2648036
Organization Overview
Maximilian E & Marion O Hoffman Foundation Inc is located in West Hartford, CT. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Maximilian E & Marion O 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.
Since 2021, Maximilian E & Marion O Hoffman Foundation Inc has awarded 96 individual grants totaling $4,443,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marion L Barrak President/director | 40 | $156,268 | |
Michael B Chaho Treasurer/cfo | 40 | $139,590 | |
Sami Barrak Vice President/secretary | 40 | $112,530 | |
Robert M Jeresaty MD Director | 2 | $11,000 | |
Marie Gustin PHD Director | 2 | $11,000 | |
Ann Marie Fauliso Director | 2 | $11,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $146 |
| Dividends & Interest | $1,699,790 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$870,208 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $829,728 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $554,514 |
| Other employee salaries and wages | $72,422 |
| Pension plans, employee benefits | $21,624 |
| Interest | $0 |
| Taxes | $50,685 |
| Depreciation | $75 |
| Occupancy | $40,185 |
| Travel, conferences, and meetings | $160 |
| Printing and publications | $0 |
| Other expenses | $25,091 |
| Total operating and administrative expenses | $970,651 |
| Contributions, gifts, grants paid | $2,183,500 |
| Total expenses and disbursements | $3,154,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $588,272 |
| 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 | $6,944,373 |
| Net Land, buildings, and equipment | $150 |
| Other assets | $4,350 |
| Total assets | $46,228,518 |
| Accounts payable and accrued expenses | $70,076 |
| 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 | $70,076 |
Grants Awarded
Over the last fiscal year, Maximilian E & Marion O Hoffman Foundation Inc has awarded $2,183,500 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
Hartford, CT PURPOSE: GENERAL | $600,000 |
HARTFORD BISHOP'S FOUNDATION INC PURPOSE: GENERAL | $225,000 |
NORTHWEST CATHOLIC HIGH SCHOOL PURPOSE: GENERAL | $100,000 |
AMERICAN RED CROSS PURPOSE: GENERAL | $100,000 |
FOUNDATION FOR ADVANCEMENT OF CATHOLIC SCHOOLS PURPOSE: GENERAL | $100,000 |
West Hartford, CT PURPOSE: GENERAL | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |