R David And Suzanne A Hoover Charitable Trust
- Assets
- $25.7m
- Revenue
- $3.4m
- Investments
- $25.1m
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 10/2012
- Data as of
- 12/2021
- EIN
- 27-4274566
Organization Overview
R David And Suzanne A Hoover Charitable Trust is located in Boulder, CO. The organization was established in 2012. 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. R David And Suzanne A Hoover Charitable Trust 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, R David And Suzanne A Hoover Charitable Trust generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, R David And Suzanne A Hoover Charitable Trust has awarded 55 individual grants totaling $14,066,164. 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 |
|---|---|---|---|
Jonathan D Hoover Class B Trustee | 0 | $0 | |
Suzanne A Hoover Class A Trustee | 0 | $0 | |
R David Hoover Class A Trustee | 0 | $0 | |
Jennifer S Anderson Class B Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,082,089 |
| Interest on Savings | $116 |
| Dividends & Interest | $766,624 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $547,422 |
| Capital Gain Net Income | $547,422 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,396,251 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,459 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65,552 |
| Total operating and administrative expenses | $301,322 |
| Contributions, gifts, grants paid | $1,475,164 |
| Total expenses and disbursements | $1,776,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $607,574 |
| 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 | $6,141,862 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,702,794 |
| Accounts payable and accrued expenses | $8,925 |
| 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 | $8,925 |
Grants Awarded
Over the last fiscal year, R David And Suzanne A Hoover Charitable Trust has awarded $1,475,164 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Greencastle, IN PURPOSE: EDUCATION | $600,000 |
Denver, CO PURPOSE: COMMUNITY | $250,000 |
Louisville, CO PURPOSE: EDUCATION | $100,000 |
VANDERBILT UNIVERSITY- CANBY ROBINSON SOCIETY- WOMEN'S HEALTH PURPOSE: HEALTH | $100,000 |
Denver, CO PURPOSE: COMMUNITY | $100,000 |
CHILDREN'S HOSPITAL FOUNDATION PURPOSE: EDUCATION | $62,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Air Force Academy Foundation USAF Academy, CO | $121,910,731 | $31,160,927 |
Kemper & Ethel Marley Foundation Phoenix, AZ | $235,853,723 | $45,107,707 |
Lannan Foundation Santa Fe, NM | $172,893,423 | $11,573,580 |
Adolph Coors Foundation Denver, CO | $181,746,526 | $17,055,158 |
Margulf Foundation Glendale, CO | $241,666,410 | $12,944,358 |
Mary K Chapman Foundation Tulsa, OK | $0 | $10,262,149 |