Hoffman Institute Foundation
- Assets
- $4.9m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 86
- Location
- San Rafael, CA
- Founding
- 03/1995
- Data as of
- 12/2023
- 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 12/2023, Hoffman Institute Foundation employed 86 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 12/2023, Hoffman Institute Foundation generated $18.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $17.0m during the year ending 12/2023. While expenses have increased by 13.8% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
PROVIDED 48 INTENSIVE 7 DAY RESIDENTIAL COURSES IN PERSONAL GROWTH/HUMAN POTENTIAL PROGRAMS (1,704 PARTICIPANTS), 7 INTENSIVE 3 DAY GRADUATE COURSES IN SAME (200 PARTICIPANTS), AND 71 VIRTUAL / OTHER COURSES IN SAME (1,111 PARTICIPANTS) IN THE UNITED STATES. EXPANDED EDUCATION CURRICULUM INTO CANADA THROUGH THE CREATION OF NEW SUBSIDIARY HOFFMAN INSTITUTE CANADA, ULC WHICH PROVIDED 1 INTENSIVE 7 DAY RESIDENTIAL COURSE IN PERSONAL GROWTH/HUMAN POTENTIAL PROGRAM (29 PARTICIPANTS). ISSUED A PASSTHROUGH GRANT OF $4.5MM TO HOFFMAN INSTITUTE SUPPORTING FOUNDATION TO FUND A $4MM PAYDOWN OF THE BUSINESS LOAN WITH CITY NATIONAL BANK AND SEVERAL CAPITAL IMPROVEMENTS TO THE HOFFMAN RETREAT CENTER (HRC) SITE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Ingrasci President & CEO | OfficerTrustee | 40 | $159,917 |
Charles Ingrasci Founder | Trustee | 40 | $159,979 |
Ryan Katz Chairman | Trustee | 2 | $0 |
Joel Appel Director | Trustee | 1 | $0 |
Michelle Barmazel Director | Trustee | 1 | $0 |
Joan Belkin Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Insalata Catering | 12/30/23 | $1,098,161 |
Guest House Retreat Center Catering And Lodging | 12/30/23 | $593,445 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $228,974 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,018,821 |
| Noncash contributions included in lines 1a–1f | $5,303 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,247,795 |
| Total Program Service Revenue | $10,564,035 |
| Investment income | $28,713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $24,242 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,982,188 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,505,000 |
| Grants and other assistance to domestic individuals. | $781,423 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $879,322 |
| Compensation of current officers, directors, key employees. | $261,381 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,094,468 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $807,147 |
| Payroll taxes | $433,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,619 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $166,962 |
| Advertising and promotion | $121,846 |
| Office expenses | $52,803 |
| Information technology | $36,929 |
| Royalties | $285,240 |
| Occupancy | $586,821 |
| Travel | $247,580 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $243,770 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,139 |
| Insurance | $213,737 |
| All other expenses | $14,179 |
| Total functional expenses | $16,971,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $665,226 |
| Savings and temporary cash investments | $2,960,792 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,669 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $520,368 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $89,108 |
| Net Land, buildings, and equipment | $12,812 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $164,677 |
| Other assets | $470,522 |
| Total assets | $4,904,174 |
| Accounts payable and accrued expenses | $331,080 |
| Grants payable | $0 |
| Deferred revenue | $1,447,412 |
| 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 | $194,068 |
| Other liabilities | $473,121 |
| Total liabilities | $2,445,681 |
| Net assets without donor restrictions | $2,403,326 |
| Net assets with donor restrictions | $55,167 |
| 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 | $4,904,174 |