Hoffman Family Foundation
- Assets
- $281.0k
- Revenue
- $156.1k
- Investments
- $172.9k
- Employees
- 0
- Location
- Golden, CO
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 38-3945350
Organization Overview
Hoffman Family Foundation is located in Golden, CO. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Hoffman 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 12/2023, Hoffman Family Foundation generated $156.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $335.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hoffman Family Foundation has awarded 27 individual grants totaling $2,441,233. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATIVE EXPENSES FOR SCHOOL IN JINJA, UGANDA.
KITCHEN EXPANSION RAYS OF GRACE CAMPUS IN JINJA, UGANDA.
CHILDREN'S PLAYGROUND EXPANDED & ROADS ON CAMPUS PAVED WITH GRAVEL SCHOOL IN JINJA, UGANDA.
PURCHASED 5 ACRES FOR FUTURE SECONDARY VOCATIONAL SCHOOL RAYS OF GRACE IN JINJA, UGANDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tami Hoffman President | 10 | $0 | |
David Hoffman Secretary | 10 | $0 | |
Julie King Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $168,644 |
| Interest on Savings | $1,005 |
| Dividends & Interest | $3,174 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$16,773 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $156,050 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,115 |
| Printing and publications | $1,988 |
| Other expenses | $12,452 |
| Total operating and administrative expenses | $27,845 |
| Contributions, gifts, grants paid | $307,207 |
| Total expenses and disbursements | $335,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,795 |
| Savings and temporary cash investments | $38,385 |
| 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 | $172,858 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $281,038 |
| 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, Hoffman Family Foundation has awarded $307,207 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WT HFF UGANDA PURPOSE: IMPROVEMENTS FOR SCHOOL IN JINJA, UGANDA AND RELATED ADMINISTRATIVE EXPENSES. | $306,607 |
SHEPHERD'S HEART MINISTRY PURPOSE: MINISTRY SUPPORT | $600 |