Hoffman Institute Foundation
- Assets
- $2.3m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 85
- Location
- San Rafael, CA
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 33-0627187
Organization Overview
Hoffman Institute Foundation is located in San Rafael, CA. The organization was established in 1995. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Hoffman Institute Foundation employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoffman Institute 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 12/2021, Hoffman Institute Foundation generated $11.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $12.0m during the year ending 12/2021. While expenses have increased by 12.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER, PROMOTE, SUPPORT, AUGMENT, DEVELOP, AND ENCOURAGE PERSONAL GROWTH AND HUMAN POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 44 INTENSIVE 7-DAY RESIDENTIAL COURSES IN PERSONAL GROWTH/HUMAN POTENTIAL PROGRAMS (1,043 PARTICIPANTS) AND 7 INTENSIVE 3-DAY GRADUATE COURSES IN SAME (148 PARTICIPANTS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew L Brannagan Dir Of Faculty | 40 | $167,983 | |
Ann L Ingrasci Ceo, Treas | OfficerTrustee | 40 | $156,935 |
Charles Ingrasci Pres Emeritus | Trustee | 40 | $138,181 |
Marissa Ingrasci Sr Teacher | 40 | $134,917 | |
Jo Mattoon Sr Teacher | 40 | $116,778 | |
Crystal Jenkins Sr Teacher | 40 | $106,325 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Guest House Retreat And Conference Center Catering And Lodging | 12/30/21 | $391,003 |
Oak Grove Construction Construction | 12/30/21 | $235,000 |
Insalatas Inc Catering | 12/30/21 | $607,428 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,613,591 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,648,612 |
| Noncash contributions included in lines 1a–1f | $31,817 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,262,203 |
| Total Program Service Revenue | $5,618,483 |
| Investment income | $844 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,064 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $29,291 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,907,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,020,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $494,703 |
| Compensation of current officers, directors, key employees. | $98,245 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,941,324 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $552,505 |
| Payroll taxes | $296,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,174 |
| Advertising and promotion | $88,409 |
| Office expenses | $40,179 |
| Information technology | $31,483 |
| Royalties | $149,238 |
| Occupancy | $194,796 |
| Travel | $113,317 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,236 |
| Insurance | $73,778 |
| All other expenses | $92,079 |
| Total functional expenses | $11,995,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $548,647 |
| Savings and temporary cash investments | $1,535,636 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,642 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,000 |
| Net Land, buildings, and equipment | $19,627 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $171,642 |
| Total assets | $2,301,194 |
| Accounts payable and accrued expenses | $239,667 |
| Grants payable | $0 |
| Deferred revenue | $899,409 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $149,900 |
| Other liabilities | $9,427 |
| Total liabilities | $1,298,403 |
| Net assets without donor restrictions | $1,002,791 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,301,194 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Hoffman Institute Foundation has recieved totaling $324,603.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: QUALITY EDUCATION | $50,000 |
Rodel Foundation Phoenix, AZ PURPOSE: COMMUNITY CONCERN | $50,000 |
Start Something That Matters Foundation Jackson, WY PURPOSE: UNRESTRICTED DONATION FOR DONEE'S EXEMPT PURPOSE | $50,000 |
J Freeman Foundation Inc Miami Beach, FL PURPOSE: SCHOLARSHIP FUND | $34,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $31,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $21,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Room To Read San Francisco, CA | $51,354,748 | $61,954,261 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $7,623,488 | $36,083,167 |
Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |
Teach-Org Inc San Francisco, CA | $5,801,007 | $13,162,873 |
The Reason Foundation Los Angeles, CA | $15,187,245 | $16,170,727 |
San Francisco Study Center Inc San Francisco, CA | $5,230,719 | $12,852,895 |