Ralph S Hoffman Foundation
- Assets
- $2.3m
- Revenue
- $54.9k
- Investments
- $1.9m
- Employees
- 0
- Location
- Lake Bluff, IL
- Founding
- 08/2004
- Data as of
- 12/2022
- EIN
- 20-1337530
Organization Overview
Ralph S Hoffman Foundation is located in Lake Bluff, IL. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ralph S Hoffman 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, Ralph S Hoffman Foundation generated $54.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $216.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ralph S Hoffman Foundation has awarded 35 individual grants totaling $592,090. 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 |
|---|---|---|---|
Allison Hoffman President | 5 | $0 | |
Jonathan Fertel Secretary | 1 | $0 | |
Barbara Ames Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,204 |
| Dividends & Interest | $45,664 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $674 |
| Net ST Capital Gain | $674 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $54,868 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,264 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $188 |
| Printing and publications | $0 |
| Other expenses | $25,509 |
| Total operating and administrative expenses | $30,186 |
| Contributions, gifts, grants paid | $186,250 |
| Total expenses and disbursements | $216,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $364,355 |
| 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 | $1,082,641 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,263,374 |
| 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, Ralph S Hoffman Foundation has awarded $186,250 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
THREAD PURPOSE: GENERAL PURPOSES | $40,000 |
EMPOWERMENT PLAN PURPOSE: GENERAL PURPOSES | $25,000 |
SECOND CHANCE STUDIOS PURPOSE: GENERAL PURPOSES | $25,000 |
CAREERS THROUGH CULINARY ARTS (C-CAP) PURPOSE: GENERAL PURPOSES | $21,200 |
YOUTH GUIDANCE PURPOSE: GENERAL PURPOSES | $30,000 |
CHURCH OF THE GOOD SHEPHARD PURPOSE: GENERAL PURPOSES | $5,000 |