Aaron A Hofmann Foundation Inc
- Assets
- $5.3m
- Revenue
- $554.0k
- Investments
- $5.1m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 06/1995
- Data as of
- 12/2021
- EIN
- 87-0552765
Organization Overview
Aaron A Hofmann Foundation Inc is located in Salt Lake City, UT. The organization was established in 1995. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Aaron A Hofmann 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, Aaron A Hofmann Foundation Inc generated $554.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $285.6k during the year ending 12/2021. While expenses have increased by 11.3% per year over the past 7 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 2015, Aaron A Hofmann Foundation Inc has awarded 61 individual grants totaling $2,588,907. 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 |
|---|---|---|---|
Aaron A Hofmann President | 0 | $0 | |
Suzanne Hofmann Treasurer | 0 | $0 | |
Corinee Hofmann Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $95,595 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $443,638 |
| Capital Gain Net Income | $443,638 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,729 |
| Total Revenue | $553,975 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,806 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,064 |
| Total operating and administrative expenses | $55,591 |
| Contributions, gifts, grants paid | $230,000 |
| Total expenses and disbursements | $285,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,541 |
| Savings and temporary cash investments | $83,630 |
| 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 | $360,863 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,253,091 |
| 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, Aaron A Hofmann Foundation Inc has awarded $230,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE UNIVERSITY PURPOSE: RESEARCH AND CHARITY | $100,000 |
Huron, SD PURPOSE: GENERAL SUPPORT | $50,000 |
CAMPAIGN FOR TKE AT NDSU PURPOSE: RESEARCH AND CHARITY | $50,000 |
MT CARMEL BAPTIST CHURCH PURPOSE: GENERAL SUPPORT | $10,000 |
Davidson, NC PURPOSE: GENERAL SUPPORT | $10,000 |
Park City, UT PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Waterstone Support Foundation Inc Colorado Springs, CO | $127,103,327 | $45,122,757 |
Just One Project Las Vegas, NV | $1,280,784 | $8,846,231 |
Jewish Community Association Of Greater Phoenix Scottsdale, AZ | $31,119,150 | $6,708,831 |
United Labor Agency Of Nevada Inc Las Vegas, NV | $492,532 | $3,236,061 |
David And Molly Pyott Foundation Avon, CO | $9,634,209 | $3,719,915 |
The Moonridge Foundation Las Vegas, NV | $1,474,323 | $2,560,150 |
Schulz Charitable Foundation Inc Scottsdale, AZ | $0 | $32,141 |
Epicpromise Employee Foundation Broomfield, CO | $1,990,176 | $1,259,560 |
James Daniel Humphrey Foundation Las Vegas, NV | $23,283,782 | $2,678,768 |
Warrior Rising South Jordan, UT | $428,862 | $1,557,370 |
Roberts Percival Jr Tw 1513847357 Las Vegas, NV | $12,229,868 | $1,610,230 |
Brandon S Bourbon Chandler, AZ | $343,742 | $1,244,808 |