HOFFMAN INSTITUTE FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$26,166,207
Cash & Equivalents
89%
Other Assets
8%
Receivables (Non-Related)
2%
Investments
<1%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$4,139,153
Other Liabilities
51%
Deferred Revenue
46%
Payables & Accruals
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,626,018
$23,180,196
+539%
Receivables (Non-Related)
$541,037
$573,391
+6%
Related-Party Receivables
-
-
-
Inventories
-
$12,500
-
Prepaid Expenses
$89,108
$94,760
+6%
Investments
-
$164,677
-
Property, Plant, & Equipment (net)
$12,812
$39,330
+207%
Other Assets
$635,199
$2,101,353
+231%
Total Assets
$4,904,174
$26,166,207
+434%
Liabilities
2023
2024
Change
Payables & Accruals
$331,080
$152,553
-54%
Grants Payable
-
-
-
Deferred Revenue
$1,447,412
$1,892,212
+31%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$194,068
$0
-100%
Related-Party Payables
-
-
-
Other Liabilities
$473,121
$2,094,388
+343%
Total Liabilities
$2,445,681
$4,139,153
+69%
Net assets
2023
2024
Change
Restricted Net Assets
$55,167
$161,008
+192%
Unrestricted Net Assets
$2,403,326
$21,866,046
+810%
Net assets
2023
2024
Change
Net assets
+$2,458,493
+$22,027,054
+796%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)