John D & Edna A Hofer Tr
- Assets
- $18.7m
- Revenue
- $610.0k
- Investments
- $17.9m
- Employees
- 0
- Location
- Mitchell, SD
- Founding
- 10/2008
- Data as of
- 12/2023
- EIN
- 46-6088580
Organization Overview
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| 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 |
Grants Awarded
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 |