Mk Hoffman Family Foundation Corp
- Assets
- $1.3m
- Revenue
- $87.4k
- Investments
- $1.2m
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 05/2004
- Data as of
- 12/2022
- EIN
- 51-0448896
Organization Overview
Mk Hoffman Family Foundation Corp is located in Greenville, SC. The organization was established in 2004. 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. Mk Hoffman Family Foundation Corp 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, Mk Hoffman Family Foundation Corp generated $87.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $103.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mk Hoffman Family Foundation Corp has awarded 64 individual grants totaling $200,919. 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 |
|---|---|---|---|
Kimberly Swain-Hoffman President | 0 | $0 | |
Matthew Payne Hoffman Treasurer | 0 | $50,000 | |
Cindy Tipton Secretary | 0 | $0 | |
Blair Anderson Vice Pres. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,550 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,365 |
| Capital Gain Net Income | $54,365 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $3,472 |
| Other Income | $0 |
| Total Revenue | $87,387 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,167 |
| Interest | $0 |
| Taxes | $1,930 |
| Depreciation | $14,077 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $108 |
| Total operating and administrative expenses | $89,242 |
| Contributions, gifts, grants paid | $14,000 |
| Total expenses and disbursements | $103,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,906 |
| 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 | $1,178,442 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $56,306 |
| Total assets | $1,270,654 |
| 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 | $32,026 |
| Total liabilities | $32,026 |
Grants Awarded
Over the last fiscal year, Mk Hoffman Family Foundation Corp has awarded $14,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CHARACTER GPS PURPOSE: SUPPORT ORGANIZATION | $3,500 |
CHRISTIAN SCIENCE SOCIETY PURPOSE: SUPPORT ORGANIZATION | $1,000 |
WAKE FOREST UNIVERSITY PURPOSE: SUPPORT ORGANIZATION | $5,000 |
MIDDLEBURY COLLEGE PURPOSE: SCHOLARSHIP | $1,500 |
TEXAS CHRISTIAN UNIVERSITY PURPOSE: SCHOLARSHIP | $500 |
WOUNDED WARRIOR PROJECT PURPOSE: SUPPORT ORGANIZATION | $500 |