Maximilian E & Marion O Hoffman Foundation Inc
- Assets
- $45.7m
- Revenue
- $2.4m
- Investments
- $45.4m
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 02/1986
- Data as of
- 06/2023
- 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.
For the year ending 06/2023, Maximilian E & Marion O Hoffman Foundation Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $3.0m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Maximilian E & Marion O Hoffman Foundation Inc has awarded 148 individual grants totaling $6,511,500. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marion L Barrak President/director | 40 | $150,480 | |
Michael B Chaho Treasurer/cfo | 40 | $134,420 | |
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 | $114 |
| Dividends & Interest | $2,359,314 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$407,156 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $492,586 |
| Total Revenue | $2,444,858 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $430,431 |
| Other employee salaries and wages | $69,740 |
| Pension plans, employee benefits | $138,471 |
| Interest | $0 |
| Taxes | $45,331 |
| Depreciation | $74 |
| Occupancy | $45,743 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,827 |
| Total operating and administrative expenses | $911,421 |
| Contributions, gifts, grants paid | $2,068,000 |
| Total expenses and disbursements | $2,979,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3 |
| Savings and temporary cash investments | $328,713 |
| 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 | $5,140,551 |
| Net Land, buildings, and equipment | $76 |
| Other assets | $4,350 |
| Total assets | $45,693,954 |
| Accounts payable and accrued expenses | $70,075 |
| 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 | $70,075 |
Grants Awarded
Over the last fiscal year, Maximilian E & Marion O Hoffman Foundation Inc has awarded $2,068,000 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
HILL-STEAD MUSEUM PURPOSE: GENERAL | $50,000 |
NEW BRITAIN MUSEUM OF AMERICAN ART INC PURPOSE: GENERAL | $25,000 |
ODD FELLOWS PLAYHOUSE PURPOSE: GENERAL | $10,000 |
GREATER CONNECTICUT YOUTH ORCHESTRAS INC PURPOSE: GENERAL | $10,000 |
GOODSPEED OPERA HOUSE FOUNDATION INC PURPOSE: GENERAL | $12,500 |
CONNECTICUT CHOPIN FOUNDATION INC PURPOSE: GENERAL | $6,000 |