Aaron A Hofmann Foundation Inc
- Assets
- $5.4m
- Revenue
- $498.8k
- Investments
- $5.3m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 06/1995
- Data as of
- 12/2023
- EIN
- 87-0552765
Organization Overview
Aaron A Hofmann Foundation Inc is located in Salt Lake City, UT. The organization was established in 1995. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Aaron A Hofmann 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, Aaron A Hofmann Foundation Inc generated $498.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $377.0k during the year ending 12/2023. While expenses have increased by 12.1% 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, Aaron A Hofmann Foundation Inc has awarded 73 individual grants totaling $2,728,691. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 1 | $0 | |
Name Not Listed Secretary | 1 | $0 | |
Name Not Listed Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,030 |
| Dividends & Interest | $80,771 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $401,928 |
| Capital Gain Net Income | $401,928 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,034 |
| Total Revenue | $498,763 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,347 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $76 |
| Total operating and administrative expenses | $57,045 |
| Contributions, gifts, grants paid | $320,000 |
| Total expenses and disbursements | $377,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,293 |
| Savings and temporary cash investments | $86,801 |
| 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 | $464,916 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,409,396 |
| 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, Aaron A Hofmann Foundation Inc has awarded $320,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
OPERATION WALK INTERNATIONAL PURPOSE: GENERAL SUPPORT | $50,000 |
PARK CITY HIP AND KNEE PURPOSE: GENERAL SUPPORT | $100,000 |
OPERATION WALK IDAHO INC PURPOSE: GENERAL SUPPORT | $50,000 |
OLALASHE FOUNDATION INC PURPOSE: GENERAL SUPPORT | $50,000 |
PEOPLE'S HEALTH CLINIC INC PURPOSE: GENERAL SUPPORT | $20,000 |
DAVIDSON COLLEGE PURPOSE: RESEARCH AND CHARITY | $20,000 |