Hoffman Legacy Foundation Inc
- Assets
- $624.3k
- Revenue
- $84.3k
- Investments
- $582.0k
- Employees
- 0
- Location
- Syracuse, IN
- Founding
- 05/2002
- Data as of
- 12/2022
- EIN
- 30-0024915
Organization Overview
Hoffman Legacy Foundation Inc is located in Syracuse, IN. The organization was established in 2002. 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. Hoffman Legacy 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 12/2022, Hoffman Legacy Foundation Inc generated $84.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $135.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hoffman Legacy Foundation Inc has awarded 75 individual grants totaling $745,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Hoffman Director | 1 | $0 | |
Susanne Hoffman Director | 1 | $0 | |
Matt Hoffman President | 0.5 | $0 | |
Rachel Hoffman Vice Pres | 0.5 | $0 | |
Claire Davidson Treasurer | 0.5 | $0 | |
Amanda Collins Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $63,500 |
| Interest on Savings | $14 |
| Dividends & Interest | $18,983 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,755 |
| Capital Gain Net Income | $10,742 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $84,252 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $546 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,783 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,829 |
| Contributions, gifts, grants paid | $128,000 |
| Total expenses and disbursements | $135,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,242 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $624,250 |
| 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, Hoffman Legacy Foundation Inc has awarded $128,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERITY OF NOTRE DAME PURPOSE: CHARITABLE | $25,000 |
FOCUS - FELLOWSHIP OF CATHOLIC PURPOSE: CHARITABLE | $50,000 |
HOLY CROSS COLLEGE PURPOSE: CHARITABLE | $15,000 |
ST FRANCIS BY THE SEA CATHOLIC CH PURPOSE: CHARITABLE | $5,000 |
ST MARTIN DE PORRES PURPOSE: CHARITABLE | $5,000 |
DIOCESE OF FORT WAYNE PURPOSE: CHARITABLE | $1,000 |