Marion O & Maximilian E Hoffman Fdn
- Assets
- $21.4m
- Revenue
- $1.2m
- Investments
- $20.9m
- Employees
- 0
- Location
- East Norwich, NY
- Founding
- 01/1986
- Data as of
- 06/2022
- EIN
- 11-2697957
Organization Overview
Marion O & Maximilian E Hoffman Fdn is located in East Norwich, NY. The organization was established in 1986. 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. Marion O & Maximilian E Hoffman Fdn 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 06/2022, Marion O & Maximilian E Hoffman Fdn generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Marion O & Maximilian E Hoffman Fdn has awarded 15 individual grants totaling $2,642,150. 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 |
|---|---|---|---|
Ursula C Niarakis President | 40 | $156,425 | |
Margareta Jackel Director | 10 | $0 | |
Lisa A Lolis Director | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Withumsmith&brown Pc | 6/29/22 | $61,683 |
Williams Jones Associates | 6/29/22 | $170,570 |
Withumsmith&brown Pc | 6/29/22 | $9,381 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $523,624 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $548,424 |
| Capital Gain Net Income | $548,424 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $87,949 |
| Total Revenue | $1,159,997 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $156,425 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $30,000 |
| Interest | $0 |
| Taxes | $27,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,705 |
| Printing and publications | $0 |
| Other expenses | $28,611 |
| Total operating and administrative expenses | $482,675 |
| Contributions, gifts, grants paid | $883,000 |
| Total expenses and disbursements | $1,365,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $431,287 |
| Savings and temporary cash investments | $0 |
| 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 | $20,940,578 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,371,865 |
| 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, Marion O & Maximilian E Hoffman Fdn has awarded $883,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HOFFMAN CENTER PURPOSE: UNRESTRICTED | $700,000 |
THE CAUMSETT FOUNDATION INC PURPOSE: UNRESTRICTED | $100,000 |
VOLUNTEERS FOR WILDLIFE PURPOSE: UNRESTRICTED | $20,000 |
FRIENDS OF HEMPSTEAD PLAINS PURPOSE: UNRESTRICTED | $3,000 |
RENAISSANCE RESCUE INC PURPOSE: UNRESTRICTED | $30,000 |
SPLASHES OF HOPE PURPOSE: UNRESTRICTED | $30,000 |