R C Hobbs Foundation
- Assets
- $2.4k
- Revenue
- $1.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Orange, CA
- Founding
- 03/2005
- Data as of
- 12/2023
- EIN
- 20-2037484
Organization Overview
R C Hobbs Foundation is located in Orange, CA. The organization was established in 2005. 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. R C Hobbs 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, R C Hobbs Foundation generated $1.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $3.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRINCIPAL ACTIVITY OF THE FOUNDATION IS TO MAKE GRANTS TO CHARITABLE ORGANIZATIONS TO HELP PROMOTE THEIR CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger C Hobbs President | 1 | $0 | |
Kathy Hobbs Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,825 |
| Interest on Savings | $0 |
| Dividends & Interest | $1 |
| 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 | $1,826 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40 |
| Total operating and administrative expenses | $1,890 |
| Contributions, gifts, grants paid | $1,500 |
| Total expenses and disbursements | $3,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,436 |
| 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 | $2,436 |
| 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, R C Hobbs Foundation has awarded $1,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDLY CENTER PURPOSE: GENERAL SUPPORT FOR IMPOVERISHED FAMILIES OF ORANGE COUNTY PROVIDING FOOD AND ENRICHMENT ACTIVITIES | $1,000 |
ORANGE COUNTY COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT TO SUPPORT THE FOUNDATION IN PROVIDING LONG-TERM LEADERSHIP IN MANY AREAS OF ORANGE COUNTY SUCH AS HUMAN SERVICES, EDUCATION, HEALTH AND WELLNESS, ENVIRONMENT, THE ARTS, AND COMMUNITY DEVELOPMENT. | $500 |