Hoopes Family Foundation Inc
- Assets
- $13.2m
- Revenue
- $9.8m
- Investments
- $13.1m
- Employees
- 0
- Location
- Glens Falls, NY
- Founding
- 01/2011
- Data as of
- 12/2021
- EIN
- 27-1546276
Organization Overview
Hoopes Family Foundation Inc is located in Glens Falls, NY. The organization was established in 2011. 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. Hoopes Family 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 12/2021, Hoopes Family Foundation Inc generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 54.1% each year . All expenses for the organization totaled $430.0k during the year ending 12/2021. While expenses have increased by 13.4% per year over the past 7 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 2015, Hoopes Family Foundation Inc has awarded 35 individual grants totaling $2,103,000. 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 |
|---|---|---|---|
Samuel P Hoopes III President & CEO | 0 | $0 | |
Joshua Silver Secretary | 0 | $0 | |
Charnell H Thompson Vice President | 0 | $0 | |
Benjamin R Pratt Treasurer | 0 | $0 | |
Patricia B Hoopes Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,206,434 |
| Interest on Savings | $11 |
| Dividends & Interest | $350,038 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,227,606 |
| Capital Gain Net Income | $4,227,606 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,784,089 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,088 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $500 |
| Total operating and administrative expenses | $69,970 |
| Contributions, gifts, grants paid | $360,000 |
| Total expenses and disbursements | $429,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,232 |
| 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 | $13,109,615 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,172,847 |
| 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, Hoopes Family Foundation Inc has awarded $360,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Glens Falls, NY PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $250,000 |
Glens Falls, NY PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $50,000 |
Bolton Landing, NY PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $20,000 |
Lake George, NY PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $20,000 |
LAKE GEORGE CLUB HISTORIC PRESERVATION PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $10,000 |
ST PETERS HEALTH PARTNERS FDN PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |