Hoffman Institute Supportingfoundation

Organization Overview

Hoffman Institute Supportingfoundation is located in San Rafael, CA. The organization was established in 2006. According to its NTEE Classification (H11) the organization is classified as: Single Organization Support, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoffman Institute Supportingfoundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE SPECIFIC AND PRIMARY PURPOSE OF THE CORPORATION IS TO ENGAGE IN CHARITABLE AND EDUCATIONAL ACTIVITIES THAT BENEFITS, PERFORMS THE FUNCTIONS OF, OR CARRIES OUT THE PURPOSES OF THE HOFFMAN INSTITUTE FOUNDATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE KEY ACTIVITY IN 2021 WAS THE ACQUISITION OF THE HOFFMAN REFREAT CENTER (HRC) SITE ON DECEMBER 1, 2021, FOR WHICH A MAJOR FUNDRAISING INITIATIVE AND THREE SIGNIFICANT DONATIONS OF $6.9MM RECEIVED TO HIF AND HISF AS WELL AS A $10MM BUSINESS LOAN FROM CITY NATIONAL BANK EMPOWERED THE $16MM PURCHASE. LEGAL EXPENSES FOR PURCHASE AGREEMENTS AND SUCCESSFUL LOAN AND CLOSE OF ESCROW WERE INCURRED. THE SECOND MAJOR INITIATIVE WAS THE PREPARATION OF THE WSS PROPERTY FOR LISTING AND EVENTUAL SALE IN 2022 INCLUDING LEGAL, ARCHITECTURAL, AND ADDITIONAL POST FIRE CLEANUP OF SITE DEBRIS AND RESTORING POWER AND UTILITIES TO THE REMAINING STRUCTURES.


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Board, Officers & Key Employees

Name (title)Compensation
Charles J Ingrasci
President
$0
Jake Tarr
Vp/treasurer
$0
Sharon Roe
Secretary
$0
Cort Schwanebeck
Director
$0
Rich Cerick
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$3,020,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,900,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,920,000
Total Program Service Revenue$1,250
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,921,250

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Hoffman Institute Supportingfoundation has recieved totaling $3,000,000.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$3,000,000
View Grant Recipient Profile

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