Maximilian E & Marion O Hoffman Foundation Inc
Maximilian E & Marion O Hoffman Foundation: Consistent Grantmaking, High Administrative Costs
EIN: 222648036 · West Hartford, CT · Updated: 2026-04-04
Is Maximilian E & Marion O Hoffman Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maximilian E & Marion O Hoffman Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maximilian E & Marion O Hoffman Foundation Inc
Maximilian E & Marion O Hoffman Foundation Inc (EIN: 222648036) is a nonprofit organization based in West Hartford, CT. The organization reported total revenue of $4.4M and total assets of $45.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maximilian E & Marion O Hoffman Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maximilian E & Marion O Hoffman Foundation Inc is a mid-size nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2012–2024).
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-124,329 |
| Total Assets | $45.6M |
| Total Liabilities | $70K |
| Net Assets | $45.5M |
| Operating Margin | -4.5% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 187.8 months |
Financial Health Grade: B
In 2024, Maximilian E & Marion O Hoffman Foundation Inc reported a deficit of $124K with expenses exceeding revenue, holds 187.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +14.0% | -2.3% | -0.3% |
| 2023 | +194.7% | -5.5% | -1.2% |
| 2022 | -57.7% | +0.4% | -4.8% |
| 2021 | +109.3% | -8.1% | -2.4% |
| 2020 | -64.2% | -6.1% | -13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Maximilian E & Marion O Hoffman Foundation Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Maximilian E & Marion O Hoffman Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $124K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as 'l' (likely referring to 'compensation of officers, directors, trustees, key employees, and highest compensated employees') consistently shows values around $63,000-$70,000, suggesting a fixed stipend or minimal compensation
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 Maximilian E & Marion O Hoffman Foundation Inc's IRS 990 filings:
- A significant portion of expenses (x) consistently exceeds reported revenue (r) in multiple years, leading to a decline in assets (a) over time, e.g., 202206: r $829,728 vs x $3,154,151.
- The consistent 'c0%' for fundraising costs might indicate that fundraising expenses are absorbed into administrative costs or that the foundation relies solely on endowment income and does not actively fundraise, which could be a red flag if not clearly explained.
Strengths
The following positive indicators were identified for Maximilian E & Marion O Hoffman Foundation Inc:
- The foundation consistently distributes grants (implied by 'r' and 'x' values, and the nature of a foundation), demonstrating ongoing commitment to its mission.
- Despite fluctuating revenues, the foundation maintains a substantial asset base, indicating long-term financial stability.
- The consistent 'l' value suggests predictable and potentially modest compensation for leadership, which can be a strength for donor confidence.
Frequently Asked Questions about Maximilian E & Marion O Hoffman Foundation Inc
Is Maximilian E & Marion O Hoffman Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maximilian E & Marion O Hoffman Foundation Inc (EIN: 222648036) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Maximilian E & Marion O Hoffman Foundation Inc spend its money?
Maximilian E & Marion O Hoffman Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maximilian E & Marion O Hoffman Foundation Inc tax-deductible?
Maximilian E & Marion O Hoffman Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222648036). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Maximilian E & Marion O Hoffman Foundation Inc do?
Maximilian E & Marion O Hoffman Foundation Inc is a nonprofit organization in the Unknown sector, located in West Hartford, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Maximilian E & Marion O Hoffman Foundation Inc have?
Maximilian E & Marion O Hoffman Foundation Inc reported total revenue of $4,377,914. Based on 10 IRS 990 filings on record.
What are Maximilian E & Marion O Hoffman Foundation Inc's total assets?
Maximilian E & Marion O Hoffman Foundation Inc holds total assets of $45,812,350 as reported in IRS 990 filings.
Where is Maximilian E & Marion O Hoffman Foundation Inc located?
Maximilian E & Marion O Hoffman Foundation Inc is based in West Hartford, Connecticut.
What is Maximilian E & Marion O Hoffman Foundation Inc's EIN?
Maximilian E & Marion O Hoffman Foundation Inc's Employer Identification Number (EIN) is 222648036. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Maximilian E & Marion O Hoffman Foundation Inc?
Maximilian E & Marion O Hoffman Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Maximilian E & Marion O Hoffman Foundation Inc a registered 501(c)(3)?
Maximilian E & Marion O Hoffman Foundation Inc appears in IRS records (EIN: 222648036). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Maximilian E & Marion O Hoffman Foundation Inc file IRS Form 990?
Yes, Maximilian E & Marion O Hoffman Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Maximilian E & Marion O Hoffman Foundation Inc's revenue in 2024?
In the 202406 filing period, Maximilian E & Marion O Hoffman Foundation Inc reported total revenue of $2,787,339, total expenses of $2,911,668, and net assets of $45,569,625.
Is Maximilian E & Marion O Hoffman Foundation Inc's revenue growing or declining?
Maximilian E & Marion O Hoffman Foundation Inc's revenue is growing. Revenue went from $2,444,858 (202306) to $2,787,339 (202406), a +14.0% change. Based on 10 filings on record.
What is Maximilian E & Marion O Hoffman Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Maximilian E & Marion O Hoffman Foundation Inc covers tax period 202406. It shows revenue of $2,787,339, expenses of $2,911,668, total assets of $45,569,625, and liabilities of $70,075.
How much does Maximilian E & Marion O Hoffman Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Maximilian E & Marion O Hoffman Foundation Inc allocates approximately 80% of expenses to program services, 15% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Maximilian E & Marion O Hoffman Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Maximilian E & Marion O Hoffman Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Maximilian E & Marion O Hoffman Foundation Inc?
The following concerns were identified: A significant portion of expenses (x) consistently exceeds reported revenue (r) in multiple years, leading to a decline in assets (a) over time, e.g., 202206: r $829,728 vs x $3,154,151.. The consistent 'c0%' for fundraising costs might indicate that fundraising expenses are absorbed into administrative costs or that the foundation relies solely on endowment income and does not actively fundraise, which could be a red flag if not clearly explained.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Maximilian E & Marion O Hoffman Foundation Inc's strengths?
Positive indicators for Maximilian E & Marion O Hoffman Foundation Inc include: The foundation consistently distributes grants (implied by 'r' and 'x' values, and the nature of a foundation), demonstrating ongoing commitment to its mission.. Despite fluctuating revenues, the foundation maintains a substantial asset base, indicating long-term financial stability.. The consistent 'l' value suggests predictable and potentially modest compensation for leadership, which can be a strength for donor confidence.. These findings are derived from AI analysis of the organization's financial filings.
How does Maximilian E & Marion O Hoffman Foundation Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, as 'l' (likely referring to 'compensation of officers, directors, trustees, key employees, and highest compensated employees') consistently shows values around $63,000-$70,000, suggesting a fixed stipend or minimal compensation Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Maximilian E & Marion O Hoffman Foundation Inc?
• The foundation consistently reports 0% fundraising costs across all available filings, indicating direct funding or minimal fundraising efforts. • Detailed breakdowns of administrative expenses beyond 'other expenses' are not readily available in the provided data, limiting granular analysis. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent decline in assets from $62,311,634 in 2014 to $45,569,625 in 2024, what is the foundation's long-term strategy for maintaining its grantmaking capacity?
The consistent decline in assets, coupled with expenses often exceeding revenue, suggests the foundation is spending down its endowment. A clear strategy for sustaining its mission beyond the current asset base would be crucial for long-term impact.
How does the foundation manage its investment portfolio to generate revenue, especially considering the variability in reported revenue figures?
The significant fluctuations in reported revenue (e.g., $8,353,629 in 2014 vs. $829,728 in 2022) suggest a reliance on investment returns, which can be volatile. Understanding their investment strategy and risk management would provide insight into their financial sustainability.
Filing History
IRS 990 filing history for Maximilian E & Marion O Hoffman Foundation Inc showing financial trends over 10 years of public records:
Total assets decreased by 20.7% over the same period, from $57.4M to $45.6M. Total functional expenses fell by 23.1%, from $3.8M to $2.9M. In its most recent filing year (2024), Maximilian E & Marion O Hoffman Foundation Inc reported a deficit of $124K, with expenses exceeding revenue. The organization holds $70K in liabilities against $45.6M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $45.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.8M | $2.9M | $45.6M | $70K | — | View 990 |
| 2023 | $2.4M | $3.0M | $45.7M | $70K | — | View 990 |
| 2022 | $830K | $3.2M | $46.2M | $70K | — | View 990 |
| 2021 | $2.0M | $3.1M | $48.5M | $66K | — | View 990 |
| 2020 | $936K | $3.4M | $49.7M | $70K | — | View 990 |
| 2016 | $2.6M | $3.6M | $57.4M | $64K | — | View 990 |
| 2015 | $-151,530 | $3.8M | $58.4M | $64K | — | View 990 |
| 2014 | $8.4M | $3.7M | $62.3M | $64K | — | View 990 |
| 2013 | $4.2M | $3.9M | $57.7M | $64K | — | View 990 |
| 2012 | $-786,446 | $3.8M | $57.4M | $64K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.8M, expenses of $2.9M, and assets of $45.6M (revenue +14.0% year-over-year).
- 2023: Revenue of $2.4M, expenses of $3.0M, and assets of $45.7M (revenue +194.7% year-over-year).
- 2022: Revenue of $830K, expenses of $3.2M, and assets of $46.2M (revenue -57.7% year-over-year).
- 2021: Revenue of $2.0M, expenses of $3.1M, and assets of $48.5M (revenue +109.3% year-over-year).
- 2020: Revenue of $936K, expenses of $3.4M, and assets of $49.7M (revenue -64.2% year-over-year).
- 2016: Revenue of $2.6M, expenses of $3.6M, and assets of $57.4M.
- 2015: Revenue of $-151,530, expenses of $3.8M, and assets of $58.4M (revenue -101.8% year-over-year).
- 2014: Revenue of $8.4M, expenses of $3.7M, and assets of $62.3M (revenue +101.1% year-over-year).
- 2013: Revenue of $4.2M, expenses of $3.9M, and assets of $57.7M.
- 2012: Revenue of $-786,446, expenses of $3.8M, and assets of $57.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maximilian E & Marion O Hoffman Foundation Inc:
Data Sources and Methodology
This transparency report for Maximilian E & Marion O Hoffman Foundation Inc 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.