Robert M Hoffer Family Foundation
- Assets
- $113.7k
- Revenue
- $6.1k
- Investments
- $95.4k
- Employees
- 0
- Location
- Waterford, MI
- Founding
- 03/1987
- Data as of
- 12/2022
- EIN
- 39-1575117
Organization Overview
Robert M Hoffer Family Foundation is located in Waterford, MI. The organization was established in 1987. 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. Robert M Hoffer Family 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 12/2022, Robert M Hoffer Family Foundation generated $6.1k 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 (23.3%) each year. All expenses for the organization totaled $13.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS ORGANIZED AND OPERATED FOR THE SOLE PURPOSE OF MAKING CONTRIBUTIONS TO QUALIFYING PUBLIC CHARITIES. THE FOUNDATION DOES NOT ENGAGE IN ANY OTHER DIRECT CHARITABLE ACTIVITIES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $3,597 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,497 |
| Capital Gain Net Income | $2,497 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,099 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $154 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,645 |
| Contributions, gifts, grants paid | $6,500 |
| Total expenses and disbursements | $13,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,268 |
| 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 | $95,438 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $113,706 |
| 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, Robert M Hoffer Family Foundation has awarded $6,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CORAL REEF ALLIANCE PURPOSE: GENERAL CHARITABLE | $1,000 |
MICHIGAN INTERSCHOLASTIC FORENSIC ASSOCIATION PURPOSE: GENERAL CHARITABLE | $1,000 |
MICHIGAN HUMANE SOCIETY PURPOSE: GENERAL CHARITABLE | $500 |
OCEAN DEFENDERS ALLIANCE PURPOSE: GENERAL CHARITABLE | $500 |
TUFTS UNIVERSITY PURPOSE: GENERAL CHARITABLE | $500 |
UNIVERSITY SCHOOL OF MILWAUKEE PURPOSE: GENERAL CHARITABLE | $3,000 |