Norman And Ann Hoffman Foundation
- Assets
- $4.8m
- Revenue
- $164.5k
- Investments
- $4.2m
- Employees
- 0
- Location
- Waconia, MN
- Founding
- 09/2012
- Data as of
- 12/2022
- EIN
- 45-3080856
Organization Overview
Norman And Ann Hoffman Foundation is located in Waconia, MN. The organization was established in 2012. 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. Norman And Ann Hoffman 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, Norman And Ann Hoffman Foundation generated $164.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $272.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Norman And Ann Hoffman Foundation has awarded 80 individual grants totaling $5,066,875. 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 |
|---|---|---|---|
Norman H Hoffman Director | 0.1 | $0 | |
Anna M Hoffman Director | 0.1 | $0 | |
Gerald R Storms Director/vp/treasurer | 1 | $7,466 | |
Jeanne H Hoffman Director/president | 1 | $0 | |
Julia K Hoffman Director/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,055 |
| Interest on Savings | $20,229 |
| Dividends & Interest | $126,206 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,027 |
| Capital Gain Net Income | $10,027 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $164,517 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,466 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $754 |
| Taxes | $3,409 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $73 |
| Total operating and administrative expenses | $51,878 |
| Contributions, gifts, grants paid | $220,555 |
| Total expenses and disbursements | $272,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,111 |
| Savings and temporary cash investments | $504,380 |
| 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 | $3,160,943 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,752,840 |
| 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, Norman And Ann Hoffman Foundation has awarded $220,555 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN DIABETES ASSOCIATION PURPOSE: PROGRAM SUPPORT | $25,000 |
ART LITERATURE LABORATORY PURPOSE: PROGRAM SUPPORT | $425 |
HOLY FAMILY CATHOLIC HIGH SCHOOL PURPOSE: EDUCATION - GENERAL PROGRAM SUPPORT | $25,000 |
LA CROSSE CITIZEN ADVOCACY PURPOSE: PROGRAM SUPPORT | $1,100 |
ASCENSION CATHOLIC SCHOOL PURPOSE: EDUCATION - GENERAL PROGRAM SUPPORT | $5,000 |
CARVER COUNTY MN PURPOSE: CONEY ISLAND & WACONIA REGIONAL PARK SUPPORT | $2,205 |