John D & Edna A Hofer Tr is located in Mitchell, SD. The organization was established in 2008. 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. John D & Edna A Hofer Tr 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 12/2023, John D & Edna A Hofer Tr generated $610.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $930.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, John D & Edna A Hofer Tr has awarded 62 individual grants totaling $7,650,473. 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.
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $76,631 |
Dividends & Interest | $254,512 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $276,612 |
Capital Gain Net Income | $276,612 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $2,196 |
Total Revenue | $609,951 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $113,792 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $5,127 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $118 |
Total operating and administrative expenses | $121,678 |
Contributions, gifts, grants paid | $809,200 |
Total expenses and disbursements | $930,878 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $784,093 |
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 | $4,083,740 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $18,724,217 |
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 |
Over the last fiscal year, John D & Edna A Hofer Tr has awarded $809,200 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
BETHANY MENNONITE CHURCH PURPOSE: DONATION | $237,000 |
SALEM MENNONITE BRETH CHU PURPOSE: DONATION | $106,000 |
SALVATION ARMY PURPOSE: DONATION | $227,700 |
GOODWILL INDUSTRIES PURPOSE: DONATION | $116,000 |
ST VINCENT DEPAUL OF SIOU PURPOSE: DONATION | $72,500 |
UNION GOSPEL MISSION PURPOSE: DONATION | $50,000 |