Hoffer Foundation
- Assets
- $5.4m
- Revenue
- $42.0k
- Investments
- $5.3m
- Employees
- 0
- Location
- South Elgin, IL
- Founding
- 08/1967
- Data as of
- 11/2023
- EIN
- 36-6160991
Organization Overview
Hoffer Foundation is located in South Elgin, IL. The organization was established in 1967. 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. Hoffer 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 11/2023, Hoffer Foundation generated $42.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.5%) each year. All expenses for the organization totaled $678.8k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hoffer Foundation has awarded 80 individual grants totaling $3,161,940. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William A Hoffer President | 1 | $0 | |
Gretchen Hoffer Farb Secretary | 1 | $0 | |
Mary H Eagin Treasurer | 1 | $0 | |
Robert Hoffer Jr Vice President | 1 | $0 | |
Charlotte Hoffer Canning Director | 1 | $0 | |
Sara Eagin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,243 |
| Dividends & Interest | $149,057 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$137,266 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,034 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,782 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $60,613 |
| Contributions, gifts, grants paid | $618,225 |
| Total expenses and disbursements | $678,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,555 |
| 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 | $5,407,948 |
| 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, Hoffer Foundation has awarded $618,225 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHERN ILLINOIS FOOD BANK PURPOSE: MILK 2 PLATE PROGRAM | $10,000 |
ALIGNMENT COLLABORATION PURPOSE: ANNUAL SUPPORT | $10,000 |
ELGIN YOUTH SYMPHONY PURPOSE: SPRING CONCERT SERIES | $5,000 |
ELGIN LIONS CLUB FOUNDATION PURPOSE: FOX TROT 2023 | $1,000 |
ECC FOUNDATION PURPOSE: ANNUAL GALA SUPPORT | $10,000 |
VILLAGE OF SOUTH ELGIN PURPOSE: SUMMER COMMUNITY PROGRAM | $1,000 |