Miriam U And H Earl Hoover Foundation
- Assets
- $16.0m
- Revenue
- $490.0k
- Investments
- $15.7m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/1949
- Data as of
- 12/2023
- EIN
- 36-6063814
Organization Overview
Miriam U And H Earl Hoover Foundation is located in Chicago, IL. 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. Miriam U And H Earl 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 12/2023, Miriam U And H Earl Hoover Foundation generated $490.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Miriam U And H Earl Hoover Foundation has awarded 71 individual grants totaling $2,020,000. 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 |
|---|---|---|---|
Michael A Leppen Trustee | 5 | $100,000 | |
Thomas E Swaney Trustee | 5 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $53,965 |
| Interest on Savings | $0 |
| Dividends & Interest | $402,317 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,670 |
| Capital Gain Net Income | $207,266 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $489,952 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,722 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $246,362 |
| Contributions, gifts, grants paid | $855,000 |
| Total expenses and disbursements | $1,101,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,391 |
| Savings and temporary cash investments | $292,357 |
| 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 | $15,657,299 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,954,047 |
| 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, Miriam U And H Earl Hoover Foundation has awarded $855,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AIDS FOUNDATION OF CHICAGO PURPOSE: UNRESTRICTED | $25,000 |
BISHOP ANDERSON HOUSE PURPOSE: UNRESTRICTED | $5,000 |
CATHEDRAL COUNSELING CENTER PURPOSE: UNRESTRICTED | $10,000 |
CENTER ON HALSTED PURPOSE: UNRESTRICTED | $5,000 |
CHICAGO BOTANIC GARDEN PURPOSE: UNRESTRICTED | $5,000 |
CHICAGO SYMPHONY ORCHESTRA ASSOCIATION PURPOSE: UNRESTRICTED | $10,000 |