The Hofmann Family Foundation
- Assets
- $28.9m
- Revenue
- $1.6m
- Investments
- $16.5m
- Employees
- 0
- Location
- Concord, CA
- Founding
- 08/1964
- Data as of
- 12/2022
- EIN
- 94-6108897
Organization Overview
The Hofmann Family Foundation is located in Concord, CA. The organization was established in 1964. 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. Hofmann Family 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 12/2022, Hofmann Family Foundation generated $1.6m 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 $5.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Hofmann Family Foundation has awarded 31 individual grants totaling $7,550,250. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Drew Treasurer/cfo | 4 | $0 | |
Lisa A Hofmann-Morgan President | 2 | $0 | |
Martha Jean Hofmann Director | 0.5 | $0 | |
Vita Sechrest Director | 0.5 | $0 | |
Steve Gonsalves Director | 2 | $0 | |
Richard L Greene Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $679,555 |
| Dividends & Interest | $286,587 |
| Net Rental Income | $18,705 |
| Net Gain on Sale of Assets | $507,929 |
| Capital Gain Net Income | $407,795 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,648,652 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $59,526 |
| Depreciation | $67,706 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $162,804 |
| Total operating and administrative expenses | $404,353 |
| Contributions, gifts, grants paid | $5,362,000 |
| Total expenses and disbursements | $5,766,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,227,843 |
| Savings and temporary cash investments | $366,129 |
| Net Accounts receivable | $298,793 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $9,423,470 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,125 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,289,867 |
| Net Land, buildings, and equipment | $1,093,599 |
| Other assets | $0 |
| Total assets | $28,934,533 |
| 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, The Hofmann Family Foundation has awarded $5,362,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
DE LA SALLE ACADEMY PURPOSE: GENERAL SUPPORT | $1,100,000 |
COMMUNITY YOUTH CENTER PURPOSE: GENERAL SUPPORT | $800,000 |
WHEELCHAIR FOUNDATION PURPOSE: GENERAL SUPPORT | $25,000 |
CRISTO REY DE LA SALLE PURPOSE: GENERAL SUPPORT | $50,000 |
UNIVERSITY OF NOTRE DAME PURPOSE: GENERAL SUPPORT | $100,000 |
MARTIS CAMP FOUNDATION PURPOSE: GENERAL SUPPORT | $50,000 |