Valeria E Hoffert Scholarship Trust

Buffalo, NY
Tax-exempt since May 1994
EIN: 23-7763256

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$68.8k (2024)

Expenses

$70.4k (2024)

Total Assets

$948k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$68,751

Expenses

$70,377

Net Income

-$1,626

Net Assets

$947,874

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$744	1.1%
Dividends	$26,876	39.1%
Sales of Assets	$41,131	59.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,004	72.5%
Compensation of Officers*	$18,823	26.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$947,874
Total Liabilities	$0
Net Assets	$947,874

Compensation

Key Employees and Officers	Compensation	Other
M & T Trust Company (Trustee)	$18,823	$0

990-PF

Filed on May 6, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$37,484

Expenses

$72,526

Net Income

-$35,042

Net Assets

$950,559

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,256	3.4%
Dividends	$24,395	65.1%
Sales of Assets	$11,833	31.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$52,382	72.2%
Compensation of Officers*	$17,587	24.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$950,559
Total Liabilities	$0
Net Assets	$950,559

Compensation

Key Employees and Officers	Compensation	Other
M & T Trust Company (Trustee)	$17,587	$0

990-PF

Filed on May 7, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$49,676

Expenses

$81,927

Net Income

-$32,251

Net Assets

$985,817

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$21,575	43.4%
Sales of Assets	$28,101	56.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$59,905	73.1%
Compensation of Officers*	$18,760	22.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$985,817
Total Liabilities	$0
Net Assets	$985,817

Compensation

Key Employees and Officers	Compensation	Other
M&T Bank (Trustee)	$18,760	$0

990-PF

Filed on May 11, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$106,985

Expenses

$77,261

Net Income

$29,724

Net Assets

$1,018,239

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$25,065	23.4%
Sales of Assets	$81,920	76.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$54,095	70.0%
Compensation of Officers*	$21,156	27.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,018,239
Total Liabilities	$0
Net Assets	$1,018,239

Compensation

Key Employees and Officers	Compensation	Other
M&T Trust Co (Trustee)	$21,156	$0

990-PF

Filed on May 11, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$33,253

Expenses

$75,492

Net Income

-$42,239

Net Assets

$988,762

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$22,354	67.2%
Sales of Assets	$10,568	31.8%
Other Income	$331	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$54,575	72.3%
Compensation of Officers*	$18,997	25.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$988,763
Total Liabilities	$1
Net Assets	$988,762

Compensation

Key Employees and Officers	Compensation	Other
M&T Trust Co (Trustee)	$18,997	$0

990-PF

Filed on May 6, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$49,920

Expenses

$78,238

Net Income

-$28,318

Net Assets

$1,030,795

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$24,759	49.6%
Sales of Assets	$25,161	50.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$56,519	72.2%
Compensation of Officers*	$20,630	26.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,030,796
Total Liabilities	$1
Net Assets	$1,030,795

Compensation

Key Employees and Officers	Compensation	Other
M & T Trust Company (Trustee)	$20,630	$0

990-PF

Filed on June 23, 2020

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$67,467

Expenses

$79,000

Net Income

-$11,533

Net Assets

$1,058,955

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$24,160	35.8%
Sales of Assets	$43,307	64.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$55,130	69.8%
Compensation of Officers*	$20,031	25.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,058,955
Total Liabilities	$0
Net Assets	$1,058,955

Compensation

Key Employees and Officers	Compensation	Other
M&T Trust Co (Trustee)	$20,031	$0

990-PF

Filed on May 9, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$77,505

Expenses

$73,216

Net Income

$4,289

Net Assets

$1,070,744

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$23,849	30.8%
Sales of Assets	$52,705	68.0%
Other Income	$951	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,064	72.5%
Compensation of Officers*	$18,101	24.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,070,744
Total Liabilities	$0
Net Assets	$1,070,744

Compensation

Key Employees and Officers	Compensation	Other
M & T Trust Co (Trustee)	$18,101	$0

990-PF

Filed on May 1, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$45,058

Expenses

$71,573

Net Income

-$26,515

Net Assets

$1,066,456

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,057	35.6%
Sales of Assets	$28,481	63.2%
Other Income	$520	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$55,371	77.4%
Compensation of Officers*	$15,171	21.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,066,456
Total Liabilities	$0
Net Assets	$1,066,456

Compensation

Key Employees and Officers	Compensation	Other
M T Trust Co (Trustee)	$15,171	$0

990-PF

Filed on May 9, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$85,885

Expenses

$74,361

Net Income

$11,524

Net Assets

$1,092,971

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$20,124	23.4%
Sales of Assets	$65,761	76.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$54,000	72.6%
Compensation of Officers*	$15,997	21.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,092,971
Total Liabilities	$0
Net Assets	$1,092,971

Compensation

Key Employees and Officers	Compensation	Other
M T Trust Co (Trustee)	$15,997	$0

990-PF

Filed on May 10, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$146,656

Expenses

$79,572

Net Income

$67,084

Net Assets

$1,081,446

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$21,245	14.5%
Sales of Assets	$125,108	85.3%
Other Income	$303	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$61,000	76.7%
Compensation of Officers*	$16,622	20.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,081,446
Total Liabilities	$0
Net Assets	$1,081,446

Compensation

Key Employees and Officers	Compensation	Other
M T Trust Co (Trustee)	$16,622	$0

990-PF

Filed on May 7, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$75,960

Expenses

$66,385

Net Income

$9,575

Net Assets

$1,014,357

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$26,543	34.9%
Sales of Assets	$48,659	64.1%
Other Income	$758	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,000	75.3%
Compensation of Officers*	$15,176	22.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,014,357
Total Liabilities	$0
Net Assets	$1,014,357

Compensation

Key Employees and Officers	Compensation	Other
M T Trust Co (Trustee)	$15,176	$0

990-PF

Filed on May 8, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$43,938

Expenses

$63,335

Net Income

-$19,397

Net Assets

$998,817

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$25,670	58.4%
Sales of Assets	$18,268	41.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,000	80.5%
Compensation of Officers*	$11,591	18.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$998,818
Total Liabilities	$1
Net Assets	$998,817

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$27,853

Expenses

$67,512

Net Income

-$39,659

Net Assets

$1,016,214

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$25,681	92.2%
Sales of Assets	$2,172	7.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$55,000	81.5%
Compensation of Officers*	$11,786	17.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,016,215
Total Liabilities	$1
Net Assets	$1,016,214

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated September 25, 2025

Valeria E Hoffert Scholarship Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $68.8k (2024)

Expenses $70.4k (2024)

Total Assets $948k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$68.8k (2024)

Expenses

$70.4k (2024)

Total Assets

$948k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

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2021

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Fiscal Year Ending Dec.
2019

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2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

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2011

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2010

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