Renate Hofmann Article 3 Charitable Trust 1874860
- Assets
- $2.9m
- Revenue
- $147.3k
- Investments
- $2.8m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/1997
- Data as of
- 09/2022
- 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 09/2022, Renate Hofmann Article 3 Charitable Trust 1874860 generated $147.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $211.1k during the year ending 09/2022. While expenses have increased by 5.1% per year over the past 4 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 2020, Renate Hofmann Article 3 Charitable Trust 1874860 has awarded 11 individual grants totaling $602,000. 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 | $104,002 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,251 |
| Capital Gain Net Income | $43,251 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $147,253 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,893 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,943 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $59,086 |
| Contributions, gifts, grants paid | $152,000 |
| Total expenses and disbursements | $211,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,434 |
| Savings and temporary cash investments | $37,376 |
| 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 | $180,560 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,928,622 |
| 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 $152,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Astoria, NY PURPOSE: GENERAL | $52,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
NAMI NYC METRO PURPOSE: GENERAL | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indianapolis Museum Of Art Inc Indianapolis, IN | $570,410,766 | $52,226,027 |
Nelson Gallery Foundation Kansas City, MO | $610,782,059 | $25,702,378 |
Museum Of Contemporary Art Chicago, IL | $199,455,132 | $15,185,579 |
Milwaukee Art Museum Inc Milwaukee, WI | $162,007,595 | $17,721,477 |
J B Speed Art Museum Louisville, KY | $144,061,757 | $14,473,949 |
Edmundson Art Foundation Inc Des Moines, IA | $123,873,821 | $5,221,950 |
Jayne Wrightsman Irr Trust Xxxxx7008 Chicago, IL | $23,809,573 | $29,559,094 |
Kemper Museum Operating Foundation Kansas City, MO | $21,285,156 | $4,170,305 |
Madison Museum Of Contemporary Art Inc Madison, WI | $15,382,994 | $2,302,239 |
Fort Wayne Museum Of Art Inc Fort Wayne, IN | $14,143,825 | $4,976,518 |
Paine Art Center & Gardens Inc Oshkosh, WI | $23,894,891 | $2,871,435 |
Racine Art Museum Association Inc Racine, WI | $13,099,169 | $1,971,714 |