Hoffman Brothers Foundation Inc
- Assets
- $0.0
- Revenue
- $213.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Thornwood, NY
- Founding
- 06/2011
- Data as of
- 12/2021
- EIN
- 45-1071016
Organization Overview
Hoffman Brothers Foundation Inc is located in Thornwood, NY. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoffman Brothers Foundation Inc 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, Hoffman Brothers Foundation Inc generated $213.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $678.9k during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 4 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.
Since 2020, Hoffman Brothers Foundation Inc has awarded 61 individual grants totaling $888,500. 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 P Hoffman Pres, Vp, Treas, Sec, Dir | 1 | $0 | |
James E Hoffman Jr Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9 |
| Dividends & Interest | $7,018 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $206,341 |
| Capital Gain Net Income | $206,341 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $213,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,240 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $20,124 |
| Printing and publications | $0 |
| Other expenses | $12,092 |
| Total operating and administrative expenses | $53,416 |
| Contributions, gifts, grants paid | $625,500 |
| Total expenses and disbursements | $678,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 Brothers Foundation Inc has awarded $625,500 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL SOLIDARITY FUND PURPOSE: FOSTER COLLABORATION TO AID IN HUMAN DEVELOPMENT | $130,000 |
SUFFERN HIGH SCHOOLATHLETIC PURPOSE: SUPPORT SCHOOL ATHLETIC ACTIVITIES | $107,000 |
New York, NY PURPOSE: SUPPORTS ENDING POVERTY | $100,000 |
UGA FOUNDATION PURPOSE: ENRICHING QUALITY OF EDUCATION | $40,000 |
COLLEGE OF MT ST VINCENT PURPOSE: CONTINUE UPGRADE OF FACILITIES | $40,000 |
SCALABRINI INTERNATIONAL MIGRATION NETWORK PURPOSE: HUMAN TRAFFICKING FUND | $32,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |