Overview
What is Hoffman Institute Supporting Foundation?
The Hoffman Institute Supporting Foundation is a charitable organization situated in San Rafael, California, with the primary aim of supporting the Hoffman Institute Foundation's objectives. In 2022, their key activities involved capital improvements at their recently acquired Hoffman Refreat Center (HRC) Site, such as installing a generator, implementing fire mitigation landscaping measures, and upgrading electrical systems. Additionally, they focused on legal matters related to potentially selling the White Sulphur Springs property and reducing property taxes. The Foundation's mission is centered around engaging in charitable and educational activities that contribute to, or serve the objectives of, the Hoffman Institute Foundation.
Official website here: www.hoffmaninstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%
The Hoffman Institute Supporting Foundation has received a One-Star out of Four Star rating from Charity Navigator, indicating a below-average performance in accountability and finance. This rating reflects a score of 57%, which suggests significant areas for improvement, particularly in financial management and transparency.
The organization does demonstrate strengths in governance, including a fully independent board and comprehensive policies such as conflict of interest and whistleblower protections. These factors contributed positively to their accountability score. However, the foundation's low program expense ratio of 6.95% raises concerns about the effectiveness of its spending relative to its mission.
Furthermore, the absence of the tax form on the nonprofit's website and a liabilities to assets ratio of 42.12% are notable weaknesses. These issues indicate potential financial vulnerabilities that could impact the organization’s long-term sustainability and effectiveness. Overall, while there are commendable governance practices in place, the foundation's financial metrics highlight critical areas requiring attention.
This AI summary has been generated from information found on Charity Navigator.
Is Hoffman Institute Supporting Foundation legitimate?
Hoffman Institute Supporting Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hoffman Institute Supporting Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hoffmaninstitute.org
What is the mission statement of Hoffman Institute Supporting Foundation?
The Hoffman Institute Supporting Foundation's primary mission is centered around engaging in charitable and educational activities. This mission aims to support or carry out the objectives of the Hoffman Institute Foundation. The foundation does not provide specific details about the nature of these activities or the goals they aim to achieve, as per the provided information. In 2022, the foundation focused on several capital improvements for the Hoffman Refreat Center and addressed legal matters related to potential property sales and tax reductions. However, no donations were received during this fiscal year.
Official website here: www.hoffmaninstitute.org
Who is the CEO of Hoffman Institute Supporting Foundation?
Charles J Ingrasci is the President of Hoffman Institute Supporting Foundation.
Official website here: www.hoffmaninstitute.org
What is the revenue of Hoffman Institute Supporting Foundation?
Hoffman Institute Supporting Foundation's revenue in 2022 was $16,213.
Official website here: www.hoffmaninstitute.org
Who are the executives of Hoffman Institute Supporting Foundation and what are their salaries?
There 7 volunteers at Hoffman Institute Supporting Foundation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $179,448
- Other: $12,382
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hoffmaninstitute.org
Where can I find the form 990 for Hoffman Institute Supporting Foundation?
Hoffman Institute Supporting Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hoffmaninstitute.org
Learn more at the official website: www.hoffmaninstitute.org
Mission Statement of Hoffman Institute Supporting Foundation
The Hoffman Institute Supporting Foundation is an organization dedicated to carrying out the charitable and educational activities of the Hoffman Institute Foundation. Its primary mission is to benefit from and support the functions of the Hoffman Institute Foundation, serving a purpose beyond its own. In 2022, the Foundation focused on various capital improvements at the Hoffman Refract Center Site, including installing a generator, implementing fire mitigation landscaping measures, and managing electrical projects. Additionally, the organization invested in legal expenses related to potential property sales and property tax reduction measures. While the focus of the Hoffman Institute Supporting Foundation is on charitable and educational activities, it is essential to note that the details provided primarily revolve around the 2022 capital improvements and legal expenses. The mission of the Hoffman Institute Supporting Foundation remains committed to supporting the Hoffman Institute Foundation and its objectives.
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Impact
October, 2024
The Hoffman Institute Supporting Foundation has made a significant impact through its charitable and educational initiatives, primarily focused on enhancing the Hoffman Retreat Center's infrastructure. In 2022, the foundation undertook several capital improvement projects, including the installation of a generator, fire mitigation landscaping, and upgrading electrical systems. These enhancements are critical for ensuring safety and sustainability at the retreat center.
Additionally, the foundation has been involved in legal efforts to manage the potential sale of the White Sulphur Springs property and reduce property tax burdens, which reflects its commitment to optimizing resources for future activities. While there were no donations received during the fiscal year, the foundation's strategic efforts have laid a solid groundwork for supporting the mission of the Hoffman Institute Foundation and promoting its charitable objectives.
This information is meant to be a general summary of Hoffman Institute Supporting Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,213
- Program Service Revenue: $15,000
- Gross Receipts: $16,213
Assets and Liabilities:
- Total Assets: $23,842,299
- Total Liabilities: $10,042,600
- Net Assets: $13,799,699
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME FROM HIF
Revenue
$15,000
Organization Details
Founding Year
2006
Phone
(415) 485-5220Principal Officer
Charles J Ingrasci
Main Address
1299 FOURTH ST STE 600, SAN RAFAEL, CA, 94901
Website
www.hoffmaninstitute.orgNTEE Category
Code: H11 - Medical research
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