Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $228,974

• 1f · All other contributions, gifts and grants

  $7,018,821

• 1g · Noncash contributions included above

  $5,303

• 2a · Program service revenue: PROCESS REVENUE

  total $10,564,035 · related or exempt $10,564,035

• 3 · Investment income

  total $28,713 · excluded $28,713

• 10a · Gross sales of inventory

  $85,184

• 10b · Cost of goods sold

  $60,942

• 10c · Net income from sales of inventory

  total $24,242 · unrelated business $16,970 · excluded $7,272

• 11a · Other revenue: PROPERTY TAX REFUND

  total $103,104 · excluded $103,104

• 11b · Other revenue: LEASE SIGN ON BONUS

  total $10,000 · excluded $10,000

• 11d · All other revenue

  total $4,299 · excluded $4,299

• 11e · Other revenue, total

  $117,403

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,505,000 · program services $4,505,000

• 2 · Grants to domestic individuals

  total $781,423 · program services $781,423

• 5 · Compensation of officers, directors and key employees

  total $879,322 · program services $402,354 · management and general $261,381 · fundraising $215,587

• 7 · Other salaries and wages

  total $5,094,468 · program services $4,144,669 · management and general $637,739 · fundraising $312,060

• 9 · Other employee benefits

  total $807,147 · program services $575,921 · management and general $199,125 · fundraising $32,101

• 10 · Payroll taxes

  total $433,300 · program services $315,762 · management and general $78,048 · fundraising $39,490

• 11c · Fees: accounting

  total $16,619 · management and general $16,619

• 11g · Fees: other

  total $166,962 · program services $65,392 · management and general $92,342 · fundraising $9,228

• 12 · Advertising and promotion

  total $121,846 · program services $32,372 · fundraising $89,474

• 13 · Office expenses

  total $52,803 · program services $20,355 · management and general $26,826 · fundraising $5,622

• 14 · Information technology

  total $36,929 · program services $7,386 · management and general $25,850 · fundraising $3,693

• 15 · Royalties

  total $285,240 · program services $285,240

• 16 · Occupancy

  total $586,821 · program services $413,238 · management and general $137,597 · fundraising $35,986

• 17 · Travel

  total $247,580 · program services $208,497 · management and general $39,083

• 20 · Interest

  total $243,770 · program services $165,377 · management and general $50,043 · fundraising $28,350

• 22 · Depreciation, depletion and amortization

  total $5,139 · management and general $5,139

• 23 · Insurance

  total $213,737 · program services $147,560 · management and general $66,177

• 24a · Other expenses: OTHER PROCESS COSTS

  total $2,062,865 · program services $2,028,855 · management and general $34,010

• 24b · Other expenses: SUPPLIES

  total $336,158 · program services $327,010 · management and general $9,148

• 24c · Other expenses: EQUIPMENT LEASES

  total $79,925 · program services $54,375 · management and general $25,550

• 24e · All other expenses

  total $14,179 · program services $333 · management and general $13,512 · fundraising $334

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,727,143 · end of year $665,226

• 2 · Savings and temporary cash investments

  beginning of year $74,115 · end of year $2,960,792

• 4 · Accounts receivable

  beginning of year $9,699 · end of year $20,669

• 7 · Other notes and loans receivable

  end of year $520,368

• 9 · Prepaid expenses and deferred charges

  beginning of year $47,679 · end of year $89,108

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

  $79,708

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

  $66,896

• 10c · Land, buildings and equipment, net

  beginning of year $17,951 · end of year $12,812

• 14 · Intangible assets

  end of year $164,677

• 15 · Other assets

  beginning of year $856,016 · end of year $470,522

• 17 · Accounts payable and accrued expenses

  beginning of year $184,598 · end of year $331,080

• 19 · Deferred revenue

  beginning of year $1,201,470 · end of year $1,447,412

• 24 · Unsecured notes and loans payable

  beginning of year $199,001 · end of year $194,068

• 25 · Other liabilities

  beginning of year $699,996 · end of year $473,121

• 27 · Net assets without donor restrictions

  beginning of year $1,392,371 · end of year $2,403,326

• 28 · Net assets with donor restrictions

  beginning of year $55,167 · end of year $55,167

The filer's explanations (Part III)

PART I, LINE 7

YEAR-END ANNUAL BONUSES WERE REVIEWED BY A COMMITTEE AND FACTORS SUCH AS TENURE, LEADERSHIP ROLES IN THE PRIOR YEAR, AND COMPLETION OF KEY INITIATIVES WERE CONSIDERED.

Related corporations and trusts

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

• HOFFMAN INSTITUTE CANADA ULC

  C · EDUCATIONAL RETREATS · CA · 100% owned · share of income -$42,292 · share of assets $1,069,227 · controlled entity

  Directly controlled by HOFFMAN INSTITUTE FOUNDATION