Hobbs Family Charitable Tr
- Assets
- $1.2m
- Revenue
- $203.1k
- Investments
- $1.1m
- Employees
- 0
- Location
- New Canaan, CT
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 06-1602789
Organization Overview
Hobbs Family Charitable Tr is located in New Canaan, CT. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hobbs Family Charitable Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Hobbs Family Charitable Tr generated $203.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $55.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hobbs Family Charitable Tr has awarded 293 individual grants totaling $349,165. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL
REVENUE CODE SECTION 501(C)(3)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael D Hobbs Trustee | 0 | $0 | |
Hazel R Hobbs Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $38,999 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $164,096 |
| Capital Gain Net Income | $164,096 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $203,102 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $55,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,431 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,216,365 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hobbs Family Charitable Tr has awarded $55,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICARES PURPOSE: UNRESTRICTED CONTRIBUTION | $10,000 |
FAMILY CENTERS PURPOSE: UNRESTRICTED CONTRIBUTION | $10,000 |
Stamford, CT PURPOSE: UNRESTRICTED CONTRIBUTION | $10,000 |
New Canaan, CT PURPOSE: UNRESTRICTED CONTRIBUTION | $7,500 |
New Canaan, CT PURPOSE: UNRESTRICTED CONTRIBUTION | $5,000 |
PARKINGSON'S FOUNDATION PURPOSE: UNRESTRICTED CONTRIBUTION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |
Citizen Of Burma Award Organization Inc Jackson Heights, NY | $195,993 | $9,716,460 |
Cullen Foundation Buffalo, NY | $115,865,929 | $16,357,498 |
Fiduciary Charitable Foundation Boston, MA | $117,480,981 | $103,573,534 |
Danoff Fam Private Charitable Foundation Tr Albany, NY | $116,755,274 | $33,799,667 |
Herbert Allen Foundation New York, NY | $9,223,512 | $1,023,254 |
Select Equity Group Foundation New York, NY | $25,414,802 | $25,600,265 |
Salem Foundation Providence, RI | $36,287,179 | $36,691,105 |
Mark And Anla Cheng Kingdon Fund New York, NY | $181,150,001 | $35,415,082 |
Arbella Insurance Foundation Inc Boston, MA | $24,058,916 | $7,386,813 |
John And Patricia Klingenstein Fund New York, NY | $121,264,191 | $78,254,052 |
Moodys Foundation New York, NY | $23,503,838 | $16,004,922 |