Hobbs Charitable Foundation
- Assets
- $908.7k
- Revenue
- $15.2k
- Investments
- $758.8k
- Employees
- 0
- Location
- Marco Island, FL
- Founding
- 04/2013
- Data as of
- 09/2023
- EIN
- 45-4067573
Organization Overview
Hobbs Charitable Foundation is located in Marco Island, FL. The organization was established in 2013. 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. Hobbs 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 09/2023, Hobbs Charitable Foundation generated $15.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $36.5k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hobbs Charitable Foundation has awarded 98 individual grants totaling $2,053,207. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Hamm Hobbs Trustee | 2 | $0 | |
Deborah Hobbs Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $695 |
| Dividends & Interest | $14,550 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,245 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,123 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,953 |
| Contributions, gifts, grants paid | $14,500 |
| Total expenses and disbursements | $36,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $149,836 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $100 |
| 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 | $365,400 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $908,726 |
| 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 Charitable Foundation has awarded $14,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF COLLIER CTY PURPOSE: ADDRESS COMMUNITY NEEDS/COLLIER CTY | $10,000 |
FAIRFIELD UNIVERSITY PURPOSE: EDUCATION ADVANCEMENT | $1,000 |
MARCO ISLAND CHARTER MIDDLE SCH PURPOSE: EDUCATION ADVANCEMENT | $2,500 |
FAIRFIELD UNIVERSITY PURPOSE: EDUCATION ADVANCEMENT | $1,000 |