Hofheinz Fund Private Bank
- Assets
- $404.2k
- Revenue
- $7.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Springs, CA
- Founding
- 03/1984
- Data as of
- 09/2021
- EIN
- 76-0090167
Organization Overview
Hofheinz Fund Private Bank is located in Palm Springs, CA. The organization was established in 1984. 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. Hofheinz Fund Private Bank 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 09/2021, Hofheinz Fund Private Bank generated $7.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 54.5% each year . All expenses for the organization totaled $18.3k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOFHEINZ FUND IS A TEXAS CHARITABLE TRUST ESTABLISHED IN 1983 BY A BEQUEST FROM THE ROY M. HOFHEINZ CHARITABLE FOUNDATION OF HOUSTON, TEXAS. SINCE ITS FOUNDING, THE FUND HAS DEVOTED ITSELF TO A BROAD RANGE OF SCIENTIFIC, EDUCATIONAL AND CHARITABLE VENTURES, INCLUDING GRANTS TO ORGANIZATIONS SUCH AS HOUSTON GRAND OPERA ASSOCIATION, ACCESS HOUSTON, THE UNIVERSITY OF HOUSTON, PALM SPRINGS CULTURAL CENTER AND OTHER PUBLIC CHARITIES. AFTER 1989 THE PRESENT LEADERSHIP OF THE FUND LED IT INTO DIRECT ACTIVITIES AS A PRIVATE OPERATING FOUNDATION. FOR MORE THAN TWO DECADES, IN ADDITION TO OTHER CHARITABLE ACTIVITIES, THE FUND HAS OPERATED AS INDEPENDENT SUPPORT FOR SEVERAL OTHER OPERATING CHARITIES, NOTABLY THE UNITED STATES AIR FORCE AUXILIARY CIVIL AIR PATROL, AN ORGANIZATION SIMILARLY ORGANIZED UNDER INTERNAL REVENUE CODE SECTION 501(C) (3). THIS SUPPORT TAKES THE FORM OF PROVIDING THE USE OF EQUIPMENT, CONSULTING AND TROUBLESHOOTING SERVICES, WHICH ARE DONATED WITHOUT CHARGE. FOR EXAMPLE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,151 |
| Interest on Savings | $149 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,400 |
| Total Revenue | $7,700 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $81 |
| Taxes | $1,598 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,837 |
| Total operating and administrative expenses | $18,266 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $18,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,603 |
| Savings and temporary cash investments | $210,354 |
| 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 | $0 |
| Net Land, buildings, and equipment | $16,200 |
| Other assets | $0 |
| Total assets | $404,157 |
| Accounts payable and accrued expenses | $732 |
| 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 | $732 |
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