Nobbs Family Foundation
- Assets
- $85.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 45-6644674
Organization Overview
Nobbs Family Foundation is located in San Diego, CA. The organization was established in 2014. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Nobbs Family 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 12/2023, Nobbs Family Foundation generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Nobbs Family Foundation has awarded 905 individual grants totaling $11,370,754. 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 |
|---|---|---|---|
Jeffrey Nobbs Trustee | 27 | $189,059 | |
Rand Sperry Trustee | 27 | $189,059 | |
Phyllis Kruckenberg Trustee | 27 | $189,059 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $636,349 |
| Dividends & Interest | $753,235 |
| Net Rental Income | $674,578 |
| 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 | $730,508 |
| Total Revenue | $3,701,053 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $567,177 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $39,970 |
| Taxes | $441,216 |
| Depreciation | $155,295 |
| Occupancy | $1,823 |
| Travel, conferences, and meetings | $19,959 |
| Printing and publications | $0 |
| Other expenses | $602,755 |
| Total operating and administrative expenses | $1,944,520 |
| Contributions, gifts, grants paid | $1,796,000 |
| Total expenses and disbursements | $3,740,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,420,265 |
| Savings and temporary cash investments | $4,650,912 |
| Net Accounts receivable | $425,542 |
| 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 | $7,796,319 |
| Net Investments - land, buildings, equipment | $41,134,571 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $25,837,341 |
| Total assets | $85,264,950 |
| Accounts payable and accrued expenses | $1,726,821 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $15,000,000 |
| Other liabilities | $320,211 |
| Total liabilities | $17,047,032 |
Grants Awarded
Over the last fiscal year, Nobbs Family Foundation has awarded $1,796,000 in support to 86 organizations.
| Grant Recipient | Amount |
|---|---|
AQUINAS HIGH SCHOOL PURPOSE: TO PROVIDE FUNDS FOR CHARITABLE ACTIVITIES | $25,000 |
ARIZONA STATE UNIVERSITY PURPOSE: TO PROVIDE FUNDS FOR CHARITABLE ACTIVITIES | $10,000 |
AS UNTO JESUS PURPOSE: TO PROVIDE FUNDS FOR CHARITABLE ACTIVITIES | $10,000 |
BETHANY GLOBAL UNIVERSITY PURPOSE: TO PROVIDE FUNDS FOR CHARITABLE ACTIVITIES | $12,000 |
BOYS AND GIRLS CLUB OF EAST COUNTY PURPOSE: TO PROVIDE FUNDS FOR CHARITABLE ACTIVITIES | $5,000 |
BRIGHAM YOUNG UNIVERSITY PURPOSE: TO PROVIDE FUNDS FOR CHARITABLE ACTIVITIES | $6,000 |