Renate Hofmann Article 3 Charitable Trust 1874860
- Assets
- $3.0m
- Revenue
- $288.3k
- Investments
- $3.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/1997
- Data as of
- 09/2023
- EIN
- 13-7102174
Organization Overview
Renate Hofmann Article 3 Charitable Trust 1874860 is located in Chicago, IL. The organization was established in 1997. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renate Hofmann Article 3 Charitable Trust 1874860 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 09/2023, Renate Hofmann Article 3 Charitable Trust 1874860 generated $288.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $205.9k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Renate Hofmann Article 3 Charitable Trust 1874860 has awarded 11 individual grants totaling $612,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $121,418 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $166,262 |
| Capital Gain Net Income | $166,262 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $636 |
| Total Revenue | $288,316 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $43,978 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,666 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $45,894 |
| Contributions, gifts, grants paid | $160,000 |
| Total expenses and disbursements | $205,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,884 |
| Savings and temporary cash investments | $47,083 |
| 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 | $175,895 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,011,043 |
| 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, Renate Hofmann Article 3 Charitable Trust 1874860 has awarded $160,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
INDIESPACE INC PURPOSE: GENERAL | $50,000 |
FOUNTAIN HOUSE INC PURPOSE: GENERAL SUPPORT | $60,000 |
NAMI NYC METRO PURPOSE: GENERAL | $50,000 |