Hoover Foundation
- Assets
- $17.5m
- Revenue
- $15.6m
- Investments
- $17.2m
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 06/1949
- Data as of
- 12/2021
- EIN
- 36-6063814
Organization Overview
Hoover Foundation is located in Vero Beach, FL. The organization was established in 1949. 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. Hoover 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, Hoover Foundation generated $15.6m in total revenue.
Since 2020, Hoover Foundation has awarded 24 individual grants totaling $280,000. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Leppen Trustee | 5 | $50,000 | |
Thomas E Swaney Trustee | 5 | $37,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,323,763 |
| Interest on Savings | $0 |
| Dividends & Interest | $201,674 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,923 |
| Capital Gain Net Income | $48,923 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,574,360 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $87,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,151 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $136,795 |
| Contributions, gifts, grants paid | $125,000 |
| Total expenses and disbursements | $261,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,136 |
| Savings and temporary cash investments | $278,948 |
| 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 | $17,208,562 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $16,037 |
| Total assets | $17,507,683 |
| 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, Hoover Foundation has awarded $125,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
EPISCOPAL DIOCESE OF NORTHERN MICHIGAN - CHURCH OF THE TRANSFIGURATION TRUS PURPOSE: UNRESTRICTED | $30,000 |
Chicago, IL PURPOSE: UNRESTRICTED | $20,000 |
Highland Park, IL PURPOSE: UNRESTRICTED | $10,000 |
Winnetka, IL PURPOSE: UNRESTRICTED | $10,000 |
WTTW PURPOSE: UNRESTRICTED | $10,000 |
UNIVERSITY OF MICHIGAN - ENGINEERING FUND PURPOSE: UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |