Joseph & Elizabeth Hoffart Charitable Foundation
- Assets
- $14.5m
- Revenue
- $6.2m
- Investments
- $13.3m
- Employees
- 0
- Location
- Bend, OR
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-3813601
Organization Overview
Joseph & Elizabeth Hoffart Charitable Foundation is located in Bend, OR. The organization was established in 2017. 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. Joseph & Elizabeth Hoffart Charitable 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, Joseph & Elizabeth Hoffart Charitable Foundation generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $487.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Joseph & Elizabeth Hoffart Charitable Foundation has awarded 40 individual grants totaling $810,000. 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 |
|---|---|---|---|
Ian A Walker Director | 4 | $0 | |
Craig Hoffart Director | 14 | $20,942 | |
Rick Hoffart Director | 10 | $17,567 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,844,878 |
| Interest on Savings | $0 |
| Dividends & Interest | $216,973 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $186,546 |
| Capital Gain Net Income | $186,546 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,248,397 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,509 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,688 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $64,238 |
| Total operating and administrative expenses | $112,483 |
| Contributions, gifts, grants paid | $374,500 |
| Total expenses and disbursements | $486,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,226,936 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,514,627 |
| 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, Joseph & Elizabeth Hoffart Charitable Foundation has awarded $374,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CASCADE POLICY INSTITUTE PURPOSE: TO SUPPORT EDUCATION. | $15,000 |
FRIENDS OF THE CHILDREN PURPOSE: TO SUPPORT EDUCATION. | $20,000 |
DE LA SALLE NORTH PURPOSE: TO SUPPORT EDUCATION. | $24,000 |
FRIENDS OF THE CHILDREN PURPOSE: TO SUPPORT EDUCATION. | $20,000 |
GOOD SAMARITAN HEALTH SERVICE FOUNDATION PURPOSE: TO SUPPORT EDUCATION. | $125,000 |
NDSU FOUNDATION PURPOSE: TO SUPPORT EDUCATION. | $15,000 |