Hoopes Family Foundation Inc
- Assets
- $13.8m
- Revenue
- $1.0m
- Investments
- $13.7m
- Employees
- 0
- Location
- Glens Falls, NY
- Founding
- 01/2011
- Data as of
- 12/2023
- EIN
- 27-1546276
Organization Overview
Hoopes Family Foundation Inc is located in Glens Falls, NY. The organization was established in 2011. 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. Hoopes Family 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.
For the year ending 12/2023, Hoopes Family Foundation Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $729.8k during the year ending 12/2023. While expenses have increased by 16.9% per year over the past 9 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 2015, Hoopes Family Foundation Inc has awarded 52 individual grants totaling $3,483,910. 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 |
|---|---|---|---|
Joshua Silver Secretary | 0 | $0 | |
Samuel P Hoopes III President & CEO | 0 | $0 | |
Charnell H Thompson Vice President | 0 | $0 | |
Benjamin R Pratt Treasurer | 0 | $0 | |
Patricia B Hoopes Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $395,080 |
| Interest on Savings | $195 |
| Dividends & Interest | $362,799 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $244,231 |
| Capital Gain Net Income | $244,231 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,002,305 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,015 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,099 |
| Total operating and administrative expenses | $109,789 |
| Contributions, gifts, grants paid | $620,000 |
| Total expenses and disbursements | $729,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,174 |
| 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 | $13,740,213 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,758,387 |
| 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, Hoopes Family Foundation Inc has awarded $620,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GLENS FALLS HOSPITAL FOUNDATION PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $400,000 |
BOLTON EMERGENCY MEDICAL SERVICES INC PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $25,000 |
LAKE GEORGE CLUB HISTORIC PRESERVATION PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $20,000 |
THE HYDE COLLECTION PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $150,000 |
HUDSON HEADWATERS HEALTH NETWORK PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $25,000 |