Michael Hoefflin Foundation EIN 95-4565741

Michael Hoefflin Foundation FY2020 filing

EIN  95-4565741 Public charity (501(c)(3)) Valencia, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides financial and emotional support to children with cancer and funds research.
Leadership
Mike Jaffe · Inter Exec D · $55K
Money in and out
$300K revenue, $331K expenses
Bottom line
75% program efficiency

Provides financial and emotional support to children with cancer and funds research. For fiscal year 2020 it reported $300K in revenue, $331K in expenses, and $444K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$300K
Pt VIII · Ln 12
Total expenses
$331K
Pt IX · Ln 25
Net assets
$444K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$31K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.14 Fundraising $0.11
Program efficiency
75%
of spending reaches programs
Operating runway
18.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-10%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$300K
FY2020
Expenses
$331K
FY2020
Total assets
$481K
FY2020
Total liabilities
$37K
FY2020
Total revenue
$300K
Pt VIII · Ln 12
Total expenses
$331K
Pt IX · Ln 25
Net assets
$444K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$31K
Total assetsPt X · Ln 16$481K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

3 program services account for $244K of program spending, described in the organization's own filed words · FY2020.
01

The foundation provided direct support to young cancer patients and their families through its child patient & family support programs, including home and hospital visits, counseling, food, financial assistance, andother forms of direct support. (approximately 500 families benefited)

$202Kprogram expense
02

The foundation, through its activities and publications, increases awareness of pediatric cancer in the communities of the santa clarita valley and the five other surrounding valleys. The foundation also informs the communities of current treatments, new medications, and support groups available for pediatric cancer patients, their…

$30Kprogram expense
03

The foundation provides financial as well as emotional support for families whose children have been part of the foundation's programs and who have passed away due to their cancer. Each family receives 2,500 to help with medical expenses, funeral costs, or to cover other expenses which have been incurred. (5 families benefited)

$12Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMichael Hoefflin Foundation
EINHdr · item D95-4565741
Principal addressHdr · item CValencia, CA
WebsiteHdr · item Jwww.mhf.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G30)
Ruling yearIRS BMFNov 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Inter Exec D
$54,688Pt VII · Sec A
Executive Di
$15,316Pt VII · Sec A
$0Pt VII · Sec A
Co-President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Mike Jaffe’s $6K as Inter Exec Dir is at the 3rd percentile of top reported officer pay among 901 $100K–1M diseases & disorders nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2021FY2020
Mike Jaffe$6,250$54,688
Gillian Stone$15,316

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$264K · 88%
Other revenue$36K · 12%
Contributions & grants88%$264K
Other revenue12%$36K
Investment income$496
Total revenueLn 12$300K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.14 Fundraising $0.11
Program services75%$248K
Management & general14%$48K
Fundraising11%$36K
Total functional expensesLn 25$331K

Balance Sheet

Part X · end of year
CashLn 1$470K
Total assetsLn 16$481K
Total liabilitiesLn 26$37K
Total net assetsLn 32$444K
Months of cash on handcomputed17.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $470K · Operating expenses (Pt IX) $331K · Less non-cash grants $22K · Cash operating expenses/yr $310K
18.2 months
Where the money goes
Program services
Program services $248K · Total expenses $331K
75%
Management & General
Management & general $48K · Total expenses $331K
14%
Fundraising
Fundraising $36K · Total expenses $331K
11%
Cost to raise $1
Fundraising expense $36K · Solicited contributions $264K
$0.13 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $264K · Total revenue $300K
88%
Government reliance
Government grants — · Total revenue $300K
Earned-income share
Program service revenue $0 · Total revenue $300K
0%
Investment reliance
Investment income $496 · Total revenue $300K
+0.2%
Program self-sufficiency
Program service revenue $0 · Total expenses $331K
0%
Growth & trend
Revenue growth (YoY)
This year $300K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $444K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $300K · Expenses $331K
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $481K
Net-asset ratio
Net assets $444K · Total assets $481K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $481K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mike Jaffe · Reported title INTER EXEC D · Highest reported compensation $55K · Total expenses $331K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $143K · Total expenses $331K
43%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 14%
Fundraising cost ratio 13%
Accounting fee ratio 0.8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 10 grants · $66K · 2020–2024
Unitemized GrantFY2024$13,000
Unitemized GrantFY2024$5,500
Unitemized GrantFY2023$5,000
Unitemized GrantFY2023$2,500
Unitemized GrantFY2022$7,500
Unitemized GrantFY2022$2,000
Unitemized GrantFY2021$12,500
Unitemized GrantFY2021$2,000
Unitemized GrantFY2020$12,500
Unitemized GrantFY2020$4,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$297K revenue · ⤓ 990 PDF
FY2023$263K revenue · ⤓ 990 PDF
FY2022$304K revenue · ⤓ 990 PDF
FY2021$310K revenue · ⤓ 990 PDF
FY2020$300K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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