Morgan Hoffmann Foundation
- Assets
- $2.2m
- Revenue
- $672.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 02/2018
- Data as of
- 12/2021
- EIN
- 82-4228151
Organization Overview
Morgan Hoffmann Foundation is located in Cleveland, OH. The organization was established in 2018. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morgan Hoffmann 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 12/2021, Morgan Hoffmann Foundation generated $672.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.5%) each year. All expenses for the organization totaled $301.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO LEAD THE RACE TO FIND A CURE FOR MUSCULAR DYSTROPHY THROUGH RESEARCH AND THE ESTABLISHMENT OF HEALTH & WELLNESS CENTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING
PROMOTING RESEARCH
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Hoffman President/director | Officer | 0 | $0 |
Dave Lightner Treasurer | Officer | 0 | $0 |
Chelsea Colvard Vice President/director | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,989 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,989 |
| Total Program Service Revenue | $0 |
| Investment income | $71,464 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $548,113 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $672,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,700 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,078 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,543 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,158 |
| Fees for services: Accounting | $22,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $115,403 |
| Fees for services: Investment Management | $11,941 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,955 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $98 |
| Total functional expenses | $301,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,229 |
| Savings and temporary cash investments | $555,493 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,571,757 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,241,479 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,164 |
| Total liabilities | $6,164 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,235,315 |
| Total liabilities and net assets/fund balances | $2,241,479 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Morgan Hoffmann Foundation has recieved totaling $130,734.
| Awarding Organization | Amount |
|---|---|
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $30,000 |
Stephen M Dowicz Foundation New York, NY PURPOSE: TO AID DONEE ORGANIZATIONS IN CARRYING OUT THEIR EXEM | $29,400 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $25,000 |
The Pohly Turaj Family Foundation New York, NY PURPOSE: CHARITABLE | $25,000 |
Walrath Family Foundation New York, NY PURPOSE: CHARITABLE | $20,000 |
Matthew 18 5 Foundation Rivervale, NJ PURPOSE: GENERAL PURPOSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan Health Endowment Fund Brighton, MI | $367,711,952 | $101,875,561 |
Service Coordination Unlimited Inc Pittsburgh, PA | $4,474,883 | $7,015,271 |
Eagles Autism Challenge Inc Philadelphia, PA | $4,671,801 | $3,218,137 |
Hope For Haitis Children Ministries Inc Cincinnati, OH | $7,123,949 | $4,468,101 |
Nf Forward Detroit, MI | $11,092,671 | $8,373,465 |
The Abim Foundation Philadelphia, PA | $92,491,227 | $11,488,048 |
Bringing Hope Home Inc Malvern, PA | $706,369 | $2,303,858 |
Resort Charity Events Inc Bloomington, IN | $167,488 | $1,958,916 |
Southern Chester County Emergency Medical Services Inc Avondale, PA | $1,825,972 | $1,565,526 |
Caribbean Christian Centre For The Deaf Inc Zeeland, MI | $419,881 | $1,266,757 |
Sharpe-Strumia Research Foundation Of The Bryn Mawr Hospital Bryn Mawr, PA | $25,307,489 | $1,417,708 |
Poetice Holland, MI | $490,843 | $1,098,533 |