Maximilian E & Marion O Hoffman Foundation Inc is located in West Hartford, CT. 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. Maximilian E & Marion O Hoffman Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Maximilian E & Marion O Hoffman Foundation Inc has awarded 96 individual grants totaling $4,443,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marion L Barrak President/director | 40 | $156,268 | |
Michael B Chaho Treasurer/cfo | 40 | $139,590 | |
Sami Barrak Vice President/secretary | 40 | $112,530 | |
Robert M Jeresaty MD Director | 2 | $11,000 | |
Marie Gustin PHD Director | 2 | $11,000 | |
Ann Marie Fauliso Director | 2 | $11,000 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $146 |
Dividends & Interest | $1,699,790 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | -$870,208 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $829,728 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $554,514 |
Other employee salaries and wages | $72,422 |
Pension plans, employee benefits | $21,624 |
Interest | $0 |
Taxes | $50,685 |
Depreciation | $75 |
Occupancy | $40,185 |
Travel, conferences, and meetings | $160 |
Printing and publications | $0 |
Other expenses | $25,091 |
Total operating and administrative expenses | $970,651 |
Contributions, gifts, grants paid | $2,183,500 |
Total expenses and disbursements | $3,154,151 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $588,272 |
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 | $6,944,373 |
Net Land, buildings, and equipment | $150 |
Other assets | $4,350 |
Total assets | $46,228,518 |
Accounts payable and accrued expenses | $70,076 |
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 | $70,076 |
Over the last fiscal year, Maximilian E & Marion O Hoffman Foundation Inc has awarded $2,183,500 in support to 47 organizations.
Grant Recipient | Amount |
---|---|
Hartford, CT PURPOSE: GENERAL | $600,000 |
HARTFORD BISHOP'S FOUNDATION INC PURPOSE: GENERAL | $225,000 |
NORTHWEST CATHOLIC HIGH SCHOOL PURPOSE: GENERAL | $100,000 |
West Hartford, CT PURPOSE: GENERAL | $100,000 |
AMERICAN RED CROSS PURPOSE: GENERAL | $100,000 |
FOUNDATION FOR ADVANCEMENT OF CATHOLIC SCHOOLS PURPOSE: GENERAL | $100,000 |
Organization Name | Assets | Revenue |
---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |