Hoffman & Mcnamara Foundation
- Assets
- $585.1k
- Revenue
- $22.5k
- Investments
- $555.6k
- Employees
- 0
- Location
- Hastings, MN
- Founding
- 10/1998
- Data as of
- 12/2022
- EIN
- 41-1894440
Organization Overview
Hoffman & Mcnamara Foundation is located in Hastings, MN. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoffman & Mcnamara 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, Hoffman & Mcnamara Foundation generated $22.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $34.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hoffman & Mcnamara Foundation has awarded 131 individual grants totaling $155,581. 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 |
|---|---|---|---|
Dennis Mcnamara Director | 1 | $0 | |
Gary Hoffman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $389 |
| Dividends & Interest | $10,638 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,487 |
| Capital Gain Net Income | $11,487 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,514 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $192 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $496 |
| Total operating and administrative expenses | $1,338 |
| Contributions, gifts, grants paid | $33,534 |
| Total expenses and disbursements | $34,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,588 |
| 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 | $481,313 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $585,139 |
| 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 & Mcnamara Foundation has awarded $33,534 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
LYNDEN WILSON PURPOSE: ISD 200 SCHOLARSHIP | $2,200 |
CARTER WILLIAMS PURPOSE: ISD 200 SCHOLARSHIP | $2,200 |
MCKENZIE WILSON PURPOSE: ISD 200 SCHOLARSHIP | $2,200 |
LUKE HARRIS PURPOSE: ISD 200 SCHOLARSHIP | $2,300 |
MN NURSERY & LANDSCAPE ASSOCIATION PURPOSE: SCHOLARSHIP | $1,500 |
AMERICAN CANCER SOCIETY PURPOSE: DONATION TO FUND CHARITABLE ORG | $200 |