The Hoffa Foundation Inc
- Assets
- $98.0k
- Revenue
- $210.8k
- Investments
- $31.2k
- Employees
- 2
- Location
- Sykesville, MD
- Founding
- Data as of
- 12/2023
- EIN
- 85-2401361
Organization Overview
The Hoffa Foundation Inc is located in Sykesville, MD. As of 12/2023, Hoffa Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoffa Foundation Inc 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, Hoffa Foundation Inc generated $210.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 46.9% each year . All expenses for the organization totaled $250.9k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESOURCES THAT WILL ENABLE RESIDENTS OF CARROLL COUNTY, MD AND BEYOND, WHO ARE STRUGGLING WITH ADDICTION, TO FORWARD PROGRESS IN THEIR RECOVERY FROM SUBSTANCE ABUSE, WHILE GAINING HOPE FOR A BRIGHTER FUTURE FOR THEMSELVES AND THEIR FAMILIES. OUR PRIMARY PROGRAM FOR RECOVERY SUPPORT IS A SAFE RECOVERY RESIDENCE WHERE INDIVIDUALS CAN LIVE WHILE SEEKING LONG- TERM FREEDOM FROM ACTIVE ADDICTION TO DRUGS AND ALCOHOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A STABLE SUPPORTIVE HOME FOR MEN IN ADDICTION RECOVERY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Boone Director | Officer | 5 | $0 |
Kelsey Desimone Director | Officer | 5 | $0 |
Michael Hawes Finance Mana | Officer | 20 | $0 |
Christopher Thomas Herb CEO | Officer | 20 | $0 |
Michael Brendan Jenkins Secretary | Officer | 5 | $0 |
Melissa Mccarthy Director | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,894 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,877 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,771 |
| Total Program Service Revenue | $36,028 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $27,428 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,319 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,832 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $77,385 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,920 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,372 |
| Advertising and promotion | $7,567 |
| Office expenses | $5,781 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,236 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,469 |
| All other expenses | $1,057 |
| Total functional expenses | $250,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,619 |
| 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 | $10,871 |
| Inventories for sale or use | $3,150 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,157 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $31,199 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $97,996 |
| 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 | $22,996 |
| Other liabilities | $6,436 |
| Total liabilities | $29,432 |
| Net assets without donor restrictions | $68,564 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $97,996 |