Charley Hoffman Foundation
- Assets
- $524.7k
- Revenue
- $323.0k
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 01/2010
- Data as of
- 05/2022
- EIN
- 27-0878940
Organization Overview
Charley Hoffman Foundation is located in San Diego, CA. The organization was established in 2010. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charley 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 05/2022, Charley Hoffman Foundation generated $323.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $266.1k during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT AND ASSISTANCE TO CHILDREN IN HEALTH, EDUCATIONAL AND SPORTS ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS 501(C)(3) CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Mahoney Executive Dir. | Trustee | 0 | $30,000 |
Charley Hoffman President | Trustee | 0 | $0 |
Stacy Hoffman Vice President | Trustee | 0 | $0 |
Dan Arroyo Secretary | Trustee | 0 | $0 |
Ernie Hoffman Treasurer | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $322,983 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $322,986 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $175 |
| Fees for services: Accounting | $1,892 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,403 |
| All other expenses | $353 |
| Total functional expenses | $266,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $508,434 |
| Savings and temporary cash investments | $16,286 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $524,720 |
| Accounts payable and accrued expenses | $26 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $26 |
| Net assets without donor restrictions | $524,694 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $524,720 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Charley Hoffman Foundation has recieved totaling $29,567.
| Awarding Organization | Amount |
|---|---|
Phil And Amy Mickelson Charitable Foundation Melville, NY PURPOSE: CHARITABLE | $12,000 |
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $12,000 |
Michael Zelman Charitable Inc Escondido, CA PURPOSE: CHARITABLE SUPPORT | $3,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Los Angeles Dodgers Foundation Los Angeles, CA | $3,410,551 | $8,089,122 |
Golden State Warriors Community Foundation San Francisco, CA | $12,318,802 | $3,080,465 |
Everykidsports Bend, OR | $1,406,515 | $1,984,529 |
Regional Parks Foundation Oakland, CA | $19,291,052 | $7,078,188 |
Angels Baseball Foundation Inc Anaheim, CA | $12,036,127 | $3,125,940 |
Arizona Tennis Charities Phoenix, AZ | $163,967 | $845,443 |
Hollyrod Foundation Woodland Hills, CA | $454,892 | $514,993 |
Chaparral Firebirds Baseball Club Phoenix, AZ | $33,145 | $562,494 |
Half Moon Bay High School Boosters Athletics Half Moon Bay, CA | $272,556 | $432,462 |
Chico High Sports Boosters Chico, CA | $346,681 | $319,018 |
Az Omega Booster Club Cashion, AZ | $44,101 | $369,076 |
Littlewing Athletics Inc Bend, OR | $882,311 | $30,593 |