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← HOFFMAN INSTITUTE SUPPORTINGFOUNDATION

Form 990 for tax year 2024

Filed by HOFFMAN INSTITUTE SUPPORTINGFOUNDATION.

Totals

Total revenue
$4,191,180
Total expenses
$863,248
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,250
Investment income
$3,973,263
Other revenue
$211,667
Total assets, end of year
$20,697,329
Total liabilities, end of year
$135,384
Net assets or fund balances, end of year
$20,561,945
Program services expenses (Part IX)
$0
Management and general expenses
$863,248
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME FROM HIF

    total $6,250 · related or exempt $6,250

  • 3 · Investment income

    total $324,972 · excluded $324,972

  • 6a · Gross rents

    real property $211,667

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $211,667

  • 6d · Net rental income or loss

    total $211,667 · excluded $211,667

  • 7a · Gross sales of assets other than inventory

    other assets $26,000,000

  • 7b · Less cost or other basis and sales expenses

    other assets $22,351,709

  • 7c · Gain or loss

    other assets $3,648,291

  • 7d · Net gain or loss

    total $3,648,291 · excluded $3,648,291

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $121,042 · management and general $121,042

  • 11c · Fees: accounting

    total $15,900 · management and general $15,900

  • 11g · Fees: other

    total $339,968 · management and general $339,968

  • 13 · Office expenses

    total $5,071 · management and general $5,071

  • 16 · Occupancy

    total $76,424 · management and general $76,424

  • 20 · Interest

    total $198,302 · management and general $198,302

  • 22 · Depreciation, depletion and amortization

    total $104,814 · management and general $104,814

  • 23 · Insurance

    total $1,727 · management and general $1,727

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $56,798 · end of year $12,969

  • 2 · Savings and temporary cash investments

    beginning of year $1,054,309 · end of year $8,531,136

  • 10a · Land, buildings and equipment: cost or other basis

    $12,258,039

  • 10b · Land, buildings and equipment: accumulated depreciation

    $104,815

  • 10c · Land, buildings and equipment, net

    beginning of year $22,131,685 · end of year $12,153,224

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,779 · end of year $75,384

  • 19 · Deferred revenue

    beginning of year $0 · end of year $60,000

  • 23 · Secured mortgages and notes payable

    beginning of year $6,000,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $17,234,013 · end of year $20,561,945

Mission and programs · 2024

Mission

THE SPECIFIC AND PRIMARY PURPOSE OF THE SUPPORTING FOUNDATION IS TO ENGAGE IN CHARITABLE AND EDUCATION ACTIVITIES THAT BENEFITS, PERFORMS THE FUNCTIONS OF, OR CARRIES OUT THE PURPOSE OF THE HOFFMAN INSTITUTE FOUNDATION.

Activities or mission (Part I)

THE SPECIFIC AND PRIMARY PURPOSE OF THE CORPORATION IS TO ENGAGE IN CHARITABLE AND EDUCATION ACTIVITIES THAT BENEFITS, PERFORMS THE FUNCTIONS OF, OR CARRIES OUT THE PURPOSE OF THE HOFFMAN INSTITUTE FOUNDATION.

  • THE KEY ACTIVITIES IN YEAR 2024 WERE CENTRALIZED ON THE PURCHASE OF A NEW LONG TERM RETREAT CENTER, PLANNING FOR THE LARGE-SCALE CAPITAL IMPROVEMENT RENOVATION OF SAME, AND THE PAYOFF OF ALL DEBT WITH PROCEEDS FROM THE SALE OF FORMER RETREAT SITES. THE DETAILS OF THE MAJOR TRANSACTIONS ARE: THE SALE FOR $6MM OF THE FORMER RETREAT SITE WHITE SULPHUR SPRINGS IN NAPA, CA WHICH WAS BADLY DAMAGED IN THE 2020 GLASS WILDFIRE; THE SALE FOR $20MM OF THE CURRENT HOFFMAN RETREAT CENTER IN PETALUMA, CA AT WHICH HOFFMAN INSTITUTE FOUNDATION WILL REMAIN A TENANT UNTIL THE NEW SITE IS READY TO OPERATE RETREATS IN YEAR 2026; THE PURCHASE FOR $11.5MM OF THE SANTA SABINA RETREAT CENTER IN SAN RAFAEL, CA; AND THE PAYDOWN OF $6MM TO CITY NATIONAL BANK WHICH ZEROED OUT ALL LONG TERM LIABILITIES. THE SCOPE OF THE CAPITAL RENOVATION AT SANTA SABINA CAPITAL IMPROVEMENTS ARE PROJECTED TO EXCEED $12MM AND INCLUDE CLASSROOMS RENOVATION, MODERNIZATION, FIRE SAFETY, HVAC, ADA ADDITIONS, PAINTING, AND SEVERAL BATHROOM RENOVATIONS ADDITIONS. IMPROVEMENTS TO THIS 2.5+ ACRE SITE ENABLES THE HOFFMAN INSTITUTE FOUNDATION TO INCREASE AND CONSOLIDATE RETREAT OPERATIONAL CAPACITY.

    Revenue $217,917

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles Ingrasci

    PRESIDENT/CHAIRMAN

    Total calculated
    $188,971
    From this org
    $0
    From related orgs
    $161,110
    Other
    $27,861
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,400 related
    Bonus
    $0 + $4,110 related
    Other
    $0 + $10,600 related
    Deferred
    $0 + $18,944 related
    Nontaxable benefits
    $0 + $8,917 related
    Filer's total
    $0 + $188,971 related

  • Matthew Brannagan

    DIRECTOR

    Total calculated
    $214,219
    From this org
    $0
    From related orgs
    $194,462
    Other
    $19,757
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,073 related
    Bonus
    $0 + $4,389 related
    Other
    $0
    Deferred
    $0 + $7,778 related
    Nontaxable benefits
    $0 + $11,979 related
    Filer's total
    $0 + $214,219 related

  • Jake Tarr

    VICE PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Sharon Roe

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3

  • Cort Schwanebeck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Rich Cerick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3:
NO REVIEW OF COMPENSATION WAS REQUIRED SINCE NO OFFICERS WERE PAID BY THIS ORGANIZATION. A RELATED AND SUPPORTED ORGANIZATION, HOFFMAN INSTITUTE FOUNDATION, PERFORMS THE ANNUAL REVIEW PROCESS FOR THESE INDIVIDUALS AS APPLICABLE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HOFFMAN INSTITUTE CANADA ULC

    C · EDUCATIONAL RETREATS · CA

    Directly controlled by HOFFMAN INSTITUTE FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
21 October 2025
IRS schema version
2024v5.2
Source object
202542949349301049

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