Joseph & Elizabeth Hoffart Charitable Foundation
- Assets
- $10.2m
- Revenue
- $3.0m
- Investments
- $8.6m
- Employees
- 0
- Location
- Bend, OR
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 81-3813601
Organization Overview
Joseph & Elizabeth Hoffart Charitable Foundation is located in Bend, OR. The organization was established in 2017. 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. Joseph & Elizabeth Hoffart Charitable 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 12/2021, Joseph & Elizabeth Hoffart Charitable Foundation generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $287.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Joseph & Elizabeth Hoffart Charitable Foundation has awarded 35 individual grants totaling $572,000. 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 |
|---|---|---|---|
Ian A Walker Director | 4 | $0 | |
Rick Hoffart Director | 10 | $0 | |
Craig Hoffart Director | 14 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,875,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $102,824 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $754 |
| Capital Gain Net Income | $754 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,978,578 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $719 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,806 |
| Total operating and administrative expenses | $43,740 |
| Contributions, gifts, grants paid | $243,500 |
| Total expenses and disbursements | $287,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $607,412 |
| Savings and temporary cash investments | $1,007,765 |
| 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 | $10,193,378 |
| 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, Joseph & Elizabeth Hoffart Charitable Foundation has awarded $243,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Sunriver, OR PURPOSE: TO SUPPORT EDUCATION. | $37,500 |
Portland, OR PURPOSE: TO SUPPORT EDUCATION. | $35,000 |
PRAIRE VILLAGE MUSEUM PURPOSE: TO SUPPORT EDUCATION. | $25,000 |
DE LA SALLE NORTH PURPOSE: TO SUPPORT EDUCATION. | $24,000 |
Portland, OR PURPOSE: TO SUPPORT EDUCATION. | $20,000 |
PERRY TECHNICAL INSTITUTE PURPOSE: TO SUPPORT EDUCATION. | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |