Hoban Family Charitable Foundation
- Assets
- $2.3m
- Revenue
- $495.8k
- Investments
- $1.8m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/2006
- Data as of
- 06/2024
- EIN
- 20-5256729
Organization Overview
Hoban Family Charitable Foundation is located in Chicago, IL. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Hoban Family Charitable Foundation 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 06/2024, Hoban Family Charitable Foundation generated $495.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $277.0k during the year ending 06/2024. While expenses have increased by 6.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Hoban Family Charitable Foundation has awarded 167 individual grants totaling $1,743,541. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony T Hoban President | 1 | $0 | |
Charles P Hoban Secretary | 1 | $0 | |
Cameron W Hoban Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,079 |
| Dividends & Interest | $54,051 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $439,666 |
| Capital Gain Net Income | $439,666 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $495,796 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,239 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13 |
| Total operating and administrative expenses | $40,482 |
| Contributions, gifts, grants paid | $236,541 |
| Total expenses and disbursements | $277,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $450,431 |
| 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 | $1,052,801 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,266,446 |
| 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, Hoban Family Charitable Foundation has awarded $236,541 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
DARTMOUTH COLLEGE PURPOSE: GENERAL PURPOSE | $5,000 |
EVANS SCHOLARS FOUNDATION PURPOSE: GENERAL PURPOSE | $5,000 |
JUNIOR ACHIEVEMENT OF GREATER BOSTON PURPOSE: GENERAL PURPOSE | $20,000 |
NEW ART CENTER PURPOSE: GENERAL PURPOSE | $10,000 |
LURIE CHILDRENS HOSPITAL PURPOSE: GENERAL PURPOSE | $10,000 |
NORTH CHICAGO COMMUNITY PARTNERS PURPOSE: GENERAL PURPOSE | $50,000 |