Mary T And Frank L Hoffman Family Foundation
Mary T And Frank L Hoffman Family Foundation experiences fluctuating revenues and expenses, operating with no officer compensation.
EIN: 146186745 · Richland Ctr, WI · NTEE: T20J · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $111K |
| Total Expenses | $134K |
| Program Spending | 90% |
| Net Assets | $102K |
| Transparency Score | 75/100 |
Is Mary T And Frank L Hoffman Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mary T And Frank L Hoffman Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mary T And Frank L Hoffman Family Foundation
Mary T And Frank L Hoffman Family Foundation (EIN: 146186745) is a nonprofit organization based in Richland Ctr, WI, classified under NTEE code T20J. The organization reported total revenue of $111K and total assets of $42K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mary T And Frank L Hoffman Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mary T And Frank L Hoffman Family Foundation is a small nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $134K |
| Surplus / Deficit | $-76,836 |
| Total Assets | $102K |
| Total Liabilities | $1 |
| Net Assets | $102K |
| Operating Margin | -134.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 9.2 months |
Financial Health Grade: B
In 2023, Mary T And Frank L Hoffman Family Foundation reported a deficit of $77K with expenses exceeding revenue, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Mary T And Frank L Hoffman Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1403.5% | +5.5% | -42.9% |
| 2022 | -97.6% | +35.0% | -40.7% |
| 2021 | +120.1% | +39.8% | +26.0% |
| 2020 | +4.0% | -17.3% | -0.3% |
| 2019 | +63.8% | +97.6% | +4905.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mary T And Frank L Hoffman Family Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Mary T And Frank L Hoffman Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $77K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives, which is highly efficient for a foundation of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mary T And Frank L Hoffman Family Foundation's IRS 990 filings:
- Significant deficits in recent years (e.g., 2023 expenses $133,833 vs. revenue $56,997)
- Substantial decrease in assets from 2021 to 2023 ($302,142 to $102,269)
Strengths
The following positive indicators were identified for Mary T And Frank L Hoffman Family Foundation:
- Zero officer compensation reported across all filings, indicating low administrative overhead related to executive pay.
- Consistently low liabilities ($1), suggesting strong financial stability and no debt.
- Long filing history (10 filings) demonstrates consistent compliance and operation.
Frequently Asked Questions about Mary T And Frank L Hoffman Family Foundation
Is Mary T And Frank L Hoffman Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mary T And Frank L Hoffman Family Foundation (EIN: 146186745) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Mary T And Frank L Hoffman Family Foundation spend its money?
Mary T And Frank L Hoffman Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mary T And Frank L Hoffman Family Foundation tax-deductible?
Mary T And Frank L Hoffman Family Foundation is registered as a tax-exempt nonprofit (EIN: 146186745). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Mary T And Frank L Hoffman Family Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Mary T And Frank L Hoffman Family Foundation is above average for NTEE category T20J nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mary T And Frank L Hoffman Family Foundation located?
Mary T And Frank L Hoffman Family Foundation is headquartered in Richland Ctr, Wisconsin and files with the IRS under EIN 146186745. It is classified under NTEE code T20J.
How many years of IRS 990 filings does Mary T And Frank L Hoffman Family Foundation have?
Mary T And Frank L Hoffman Family Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $111K in total revenue.
What caused the significant decrease in assets from $302,142 in 2021 to $102,269 in 2023?
The decrease in assets is likely due to the foundation's expenses exceeding its revenue in 2022 and 2023. For example, in 2022, expenses were $126,828 while revenue was only $3,791, and in 2023, expenses were $133,833 against $56,997 in revenue, drawing down its asset base.
How does the foundation manage to operate with consistently $1 in liabilities?
The consistent reporting of $1 in liabilities suggests the foundation operates on a cash basis or has minimal to no outstanding debts, indicating strong financial management and a lack of reliance on credit.
What is the primary source of the foundation's revenue, given its fluctuations?
Without detailed 990 schedules, the exact primary source of revenue is unclear. However, for a family foundation, revenue often comes from investment income, contributions from family members, or a combination thereof. The fluctuations suggest reliance on variable sources or market performance.
Filing History
IRS 990 filing history for Mary T And Frank L Hoffman Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mary T And Frank L Hoffman Family Foundation's revenue has grown by 9.9%, moving from $52K to $57K. Total assets increased by 2846.4% over the same period, from $3K to $102K. Total functional expenses rose by 156.5%, from $52K to $134K. In its most recent filing year (2023), Mary T And Frank L Hoffman Family Foundation reported a deficit of $77K, with expenses exceeding revenue. The organization holds $1 in liabilities against $102K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $102K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $57K | $134K | $102K | $1 | — | — |
| 2022 | $4K | $127K | $179K | $1 | — | View 990 |
| 2021 | $156K | $94K | $302K | $1 | — | View 990 |
| 2020 | $71K | $67K | $240K | $1 | — | — |
| 2019 | $68K | $81K | $241K | $1 | — | View 990 |
| 2015 | $42K | $41K | $5K | $1 | — | View 990 |
| 2014 | $42K | $42K | $4K | $1 | — | View 990 |
| 2013 | $50K | $50K | $4K | $1 | — | View 990 |
| 2012 | $53K | $53K | $4K | $1 | — | View 990 |
| 2011 | $52K | $52K | $3K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $57K, expenses of $134K, and assets of $102K (revenue +1403.5% year-over-year).
- 2022: Revenue of $4K, expenses of $127K, and assets of $179K (revenue -97.6% year-over-year).
- 2021: Revenue of $156K, expenses of $94K, and assets of $302K (revenue +120.1% year-over-year).
- 2020: Revenue of $71K, expenses of $67K, and assets of $240K (revenue +4.0% year-over-year).
- 2019: Revenue of $68K, expenses of $81K, and assets of $241K (revenue +63.8% year-over-year).
- 2015: Revenue of $42K, expenses of $41K, and assets of $5K (revenue -0.1% year-over-year).
- 2014: Revenue of $42K, expenses of $42K, and assets of $4K (revenue -17.0% year-over-year).
- 2013: Revenue of $50K, expenses of $50K, and assets of $4K (revenue -5.7% year-over-year).
- 2012: Revenue of $53K, expenses of $53K, and assets of $4K (revenue +2.7% year-over-year).
- 2011: Revenue of $52K, expenses of $52K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mary T And Frank L Hoffman Family Foundation:
Data Sources and Methodology
This transparency report for Mary T And Frank L Hoffman Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.