Hoffman Family Foundation
- Assets
- $794.3k
- Revenue
- $282.3k
- Investments
- $565.6k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 04/1986
- Data as of
- 12/2022
- EIN
- 22-2677966
Organization Overview
Hoffman Family Foundation is located in Boston, MA. 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. Hoffman Family Foundation 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 12/2022, Hoffman Family Foundation generated $282.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $534.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hoffman Family Foundation has awarded 342 individual grants totaling $3,531,200. 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 |
|---|---|---|---|
John E Hoffman Jr Trustee | 3 | $0 | |
William A Lowell Trustee | 3 | $1,288 | |
Gilbert M Roddy Jr Trustee | 3 | $7,333 | |
Amory Loring Logan Trustee | 3 | $2,180 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,582 |
| Dividends & Interest | $21,603 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $259,157 |
| Capital Gain Net Income | $259,157 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $282,342 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,801 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,625 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $26,720 |
| Contributions, gifts, grants paid | $508,000 |
| Total expenses and disbursements | $534,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $641 |
| Savings and temporary cash investments | $228,000 |
| 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 | $794,290 |
| 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, Hoffman Family Foundation has awarded $508,000 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
APPLE HILL CENTER FOR CHAMBER MUSIC PURPOSE: OPERATING SUPPORT | $60,000 |
ASHUELOT CONCERTS PURPOSE: GENERAL | $5,000 |
ARTS ALIVE INC PURPOSE: OPERATING SUPPORT | $13,000 |
BRANFORD COMPASSION CLUB PURPOSE: GENERAL | $8,000 |
CHESHIRE COUNTY YMCA PURPOSE: SUPPORT OF CAMP TAKODAH | $1,000 |
CHESHIRE HEALTH FOUNDATION PURPOSE: GENERAL | $10,000 |