Hoffman Foundation Inc
- Assets
- $55.4k
- Revenue
- $2.8k
- Investments
- $51.0k
- Employees
- 0
- Location
- Sewickley, PA
- Founding
- 03/2001
- Data as of
- 12/2022
- EIN
- 25-1855299
Organization Overview
Hoffman Foundation Inc is located in Sewickley, PA. The organization was established in 2001. 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. 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 12/2022, Hoffman Foundation Inc generated $2.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $6.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda D Hoffman Sec/treas | 0 | $0 | |
Edward B Aufman Manager | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $890 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,950 |
| Capital Gain Net Income | $1,950 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,846 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $97 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $820 |
| Contributions, gifts, grants paid | $5,500 |
| Total expenses and disbursements | $6,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,417 |
| Savings and temporary cash investments | $0 |
| 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 | $50,992 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $55,409 |
| 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 Foundation Inc has awarded $5,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GIVING2GROW PURPOSE: CHILDREN HEALTH & NUTRITION | $500 |
CENTER FOR THEATER ARTS PURPOSE: STUDENT THEATER ARTS EXPLORATION | $2,500 |
PITTSBURGH CULTURAL TRUST PURPOSE: PROMOTION OF ARTS | $2,500 |