Hoffberger Foundation Inc
- Assets
- $20.7m
- Revenue
- $1.1m
- Investments
- $20.0m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 12/1942
- Data as of
- 12/2022
- EIN
- 52-0794249
Organization Overview
Hoffberger Foundation Inc is located in Baltimore, MD. The organization was established in 1942. 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 the central organization for a national or regional group of organizations. Hoffberger 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 12/2022, Hoffberger Foundation Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hoffberger Foundation Inc has awarded 160 individual grants totaling $2,607,996. 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 |
|---|---|---|---|
Alison Fass President | 0 | $0 | |
Heller Zaiman Vice President | 0 | $0 | |
Corie Hoffberger Secretary | 0 | $0 | |
Harry Halpert Treasurer | 0 | $0 | |
Ben Fass Director | 0 | $0 | |
Douglas M Hoffberger Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,882 |
| Dividends & Interest | $430,136 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $637,857 |
| Capital Gain Net Income | $637,857 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,112 |
| Total Revenue | $1,106,987 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $138,876 |
| Other employee salaries and wages | $37,500 |
| Pension plans, employee benefits | $43,414 |
| Interest | $0 |
| Taxes | $31,947 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,631 |
| Printing and publications | $0 |
| Other expenses | $16,620 |
| Total operating and administrative expenses | $354,884 |
| Contributions, gifts, grants paid | $862,103 |
| Total expenses and disbursements | $1,216,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,658 |
| Savings and temporary cash investments | $436,459 |
| 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 | $18,209 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,262,095 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,714,870 |
| Accounts payable and accrued expenses | $17,753 |
| Grants payable | $150,000 |
| 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 | $167,753 |
Grants Awarded
Over the last fiscal year, Hoffberger Foundation Inc has awarded $862,103 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
ABORTION CARE NETWORK PURPOSE: UNRESTRICTED | $2,500 |
ANTI-DEFAMATION LEAGUE PURPOSE: UNRESTRICTED | $2,500 |
ART WITH A HEART PURPOSE: UNRESTRICTED | $250 |
ASSOCIATED - JEWISH COMMUNITY FOUNDATION PURPOSE: UNRESTRICTED | $50,000 |
ASSOCIATED - JEWISH COMMUNITY FOUNDATION PURPOSE: UNRESTRICTED | $9,950 |
ASYLEE WOMEN ENTERPRISE PURPOSE: UNRESTRICTED | $2,500 |