August J & Thelma S Hoffman Foundation
- Assets
- $4.8m
- Revenue
- $222.5k
- Investments
- $4.5m
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 11/1999
- Data as of
- 12/2023
- EIN
- 55-0769742
Organization Overview
August J & Thelma S Hoffman Foundation is located in Wheeling, WV. The organization was established in 1999. 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. August J & Thelma S 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 12/2023, August J & Thelma S Hoffman Foundation generated $222.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $490.6k during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, August J & Thelma S Hoffman Foundation has awarded 127 individual grants totaling $3,044,000. 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 |
|---|---|---|---|
William J Yaeger Trustee | 1.5 | $33,790 | |
Robert J Krall Trustee | 1 | $33,789 | |
Holly S Planinsic Trustee | 1 | $33,789 | |
Robert P Fitzsimmons Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,105 |
| Dividends & Interest | $214,123 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $230 |
| Capital Gain Net Income | $230 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $222,458 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $101,368 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,506 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,720 |
| Total operating and administrative expenses | $105,594 |
| Contributions, gifts, grants paid | $385,000 |
| Total expenses and disbursements | $490,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,454 |
| Savings and temporary cash investments | $130,208 |
| 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 | $1,810,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,808,655 |
| 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, August J & Thelma S Hoffman Foundation has awarded $385,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
OGLEBAY FOUNDATION PURPOSE: ACCESS TO THE PARKS PROGRAM | $30,000 |
ARC OF OHIO COUNTY INC PURPOSE: SUMMER CAMP | $10,000 |
SOUP KITCHEN OF GREATER WHEELING PURPOSE: GENERAL OPERATIONS | $55,000 |
OGLEBAY INSTITUTE PURPOSE: TOWNGATE THEATRE BUILDING RENOVATION | $50,000 |
ST VINCENT DEPAUL PURPOSE: FOOD PANTRY & PROJECTS | $55,000 |
CATHOLIC CHARITIES WV PURPOSE: WINTER FREEZE SHELTER | $25,000 |