Hoefer Family Foundation
- Assets
- $4.6m
- Revenue
- $244.1k
- Investments
- $4.0m
- Employees
- 0
- Location
- Burlingame, CA
- Founding
- 05/1958
- Data as of
- 12/2022
- EIN
- 36-6065404
Organization Overview
Hoefer Family Foundation is located in Burlingame, CA. The organization was established in 1958. 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. Hoefer Family 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 12/2022, Hoefer Family Foundation generated $244.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $401.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Hoefer Family Foundation has awarded 260 individual grants totaling $1,858,050. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS BEGUN TO ACQUIRE A COLLECTION OF ARTWORK OF PAINTERS USING THE PLEIN AIR APPROACH TO PAINTING WHO PAINTED CALIFORNIA SCENES FROM APPROXIMATELY THE POST GOLD RUSH ERA TO 1940. WHEN A SUFFICIENT NUMBER OF PAINTINGS HAVE BEEN ACQUIRED, THE FOUNDATION WILL SEEK TO EXHIBIT THEM AS A STAND ALONE COLLECTION IN PUBLIC ART MUSEUMS AND LIBRARIES IN ORDER TO HELP EDUCATE THE GENERAL PUBLIC ABOUT THIS FORM OF WELL KNOWN AND APPRECIATED PAINTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Hoefer President & Director | 2 | $0 | |
Craig Hoefer Director | 1 | $0 | |
Kurt Hoefer Treasurer & Director | 1 | $0 | |
Gladys Hoefer Director | 1 | $0 | |
Alan Hoefer Jr Director | 1 | $0 | |
Melanie Hoefer Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $771 |
| Dividends & Interest | $102,709 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $140,599 |
| Capital Gain Net Income | $140,599 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $244,079 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,290 |
| Depreciation | $1,628 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $242 |
| Printing and publications | $814 |
| Other expenses | $4,409 |
| Total operating and administrative expenses | $24,608 |
| Contributions, gifts, grants paid | $376,750 |
| Total expenses and disbursements | $401,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,934 |
| Savings and temporary cash investments | $162,885 |
| 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 | $1,237 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $370,281 |
| Total assets | $4,568,834 |
| 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, Hoefer Family Foundation has awarded $376,750 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
AL J CONDIT PTO PURPOSE: GENERAL OPERATIONS | $500 |
BURLINGAME LIBRARY FOUNDATION PURPOSE: GENERAL OPERATIONS | $5,000 |
CALIFORNIA STATE RAILROAD MUSEUM FOUNDATION PURPOSE: GENERAL OPERATIONS | $10,000 |
CATHEDRAL SCHOOL FOR BOYS PURPOSE: GENERAL OPERATIONS | $2,000 |
BURLINGAME PARKS AND RECREATION FOUNDATION PURPOSE: GENERAL OPERATIONS | $50,000 |
CALIFORNIA ACADEMY OF SCIENCES PURPOSE: GENERAL OPERATIONS | $10,000 |