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← THE FLORENCE AND CHARLES HOFFBERGER CHARITABLE FOUNDATION INC

Form 990 for tax year 2023

Filed by THE FLORENCE AND CHARLES HOFFBERGER CHARITABLE FOUNDATION INC.

Totals

Total revenue
$14,970
Total expenses
$28,265
Contributions and grants received
$0
Grants paid
$19,000
Program service revenue
$0
Investment income
$14,970
Other revenue
$0
Total assets, end of year
$965,248
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$965,248
Program services expenses (Part IX)
$19,000
Management and general expenses
$9,265
Fundraising expenses
$0
Program service expenses (Part III)
$19,000

Program services were 67.2% 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.

  • 3 · Investment income

    total $13,719 · excluded $13,719

  • 7a · Gross sales of assets other than inventory

    securities $1,251

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

    securities $0

  • 7c · Gain or loss

    securities $1,251

  • 7d · Net gain or loss

    total $1,251 · excluded $1,251

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,000 · program services $19,000

  • 11f · Fees: investment management

    total $9,265 · management and general $9,265

Balance sheet

Part X, book values.

  • 12 · Investments: other securities

    beginning of year $900,454 · end of year $965,248

  • 27 · Net assets without donor restrictions

    beginning of year $900,454 · end of year $965,248

Mission and programs · 2023

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

TO CARRY OUT THE CHARITABLE, EDUCATIONAL, & RELIGIOUS PURPOSES OF THE ASSOCIATED.

  • PROVIDE GRANTS TO PUBLIC CHARITABLE ORGANIZATIONS IN FURTHERANCE OF THE MISSION OF THE ASSOCIATED JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC.

    Expenses $19,000 · Grants $19,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael I Friedman

    PRESIDENT & PUBLIC DIRECTO

    Total calculated
    $259,711
    From this org
    $0
    From related orgs
    $247,832
    Other
    $11,879
    Hours/week
    0.15 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,832 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,781 related
    Nontaxable benefits
    $0 + $2,098 related
    Filer's total
    $0 + $259,711 related

  • Lauren Klein

    SECRETARY & PUBLIC DIRECTOR

    Total calculated
    $120,721
    From this org
    $0
    From related orgs
    $115,395
    Other
    $5,326
    Hours/week
    0.15 + 40 related

  • Lois H Halpert

    VICE PRESIDENT & DONOR DIR

    Total calculated
    $0
    Hours/week
    0.15

  • Heller H Zaiman

    TREASURER & DONOR DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • Deborah Wechsler

    PUBLIC DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • Harry Halpert

    DONOR DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • Jenny Gamliel

    PUBLIC DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

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
OFFICERS ARE COMPENSATED BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, A COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART II, COLUMN A
THE DIRECTORS OF THE FLORENCE AND CHARLES HOFFBERGER CHARITABLE FOUNDATION, INC. RECEIVE NO COMPENSATION FOR THEIR SERVICES, HOWEVER, TWO OF THE DIRECTORS ARE EMPLOYED BY THE SUPPORTED ENTITY, THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC. (THE ASSOCIATED). ALL OF THE COMPENSATION AND BENEFITS ARE PAID BY THE ASSOCIATED, NONE OF IT IS ATTRIBUTABLE TO THE SERVICE AS A DIRECTOR AND/OR OFFICER OF THE FOUNDATION.

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
5 April 2024
IRS schema version
2023v5.0
Source object
202431009349301403

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