Virginia Hobbs Charitable Trust
- Assets
- $12.0m
- Revenue
- $757.2k
- Investments
- $8.9m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 11/2007
- Data as of
- 06/2022
- EIN
- 20-7142456
Organization Overview
Virginia Hobbs Charitable Trust is located in Fort Worth, TX. The organization was established in 2007. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Hobbs Charitable Trust 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 06/2022, Virginia Hobbs Charitable Trust generated $757.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (31.7%) each year. All expenses for the organization totaled $908.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Virginia Hobbs Charitable Trust has awarded 368 individual grants totaling $5,717,654. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $223,429 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $392,031 |
| Capital Gain Net Income | $392,031 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $141,692 |
| Total Revenue | $757,152 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $155,633 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,914 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,976 |
| Total operating and administrative expenses | $190,490 |
| Contributions, gifts, grants paid | $718,133 |
| Total expenses and disbursements | $908,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,130,938 |
| 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 | $315,166 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $18,579 |
| Total assets | $12,048,278 |
| 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 | $10,668 |
| Total liabilities | $10,668 |
Grants Awarded
Over the last fiscal year, Virginia Hobbs Charitable Trust has awarded $865,275 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR CHILDREN PURPOSE: CHILDRENS HEALTH AND MEDICAL | $40,000 |
AMERICAN HEART ASSOCIATION PURPOSE: RESEARCH, SUPPORT, AND OUTREACH | $20,000 |
ALLIE'S HAVEN ANIMAL RESCUE PURPOSE: EMERGENCY MEDICAL CARE | $3,500 |
AMERICAN RED CROSS PURPOSE: RESEARCH, SUPPORT, AND OUTREACH | $20,000 |
ANIMAL GRANTMAKERS PURPOSE: SUPPORT THE EFFECTIVENESS OF WORK UNDERTAKEN BY ANIMAL PROTECTION FUNDERS | $1,250 |
ANIMAL REFUGE FOUNDATION PURPOSE: SUPPORT MEDICAL AND ADOPTION SERVICES FOR ABANDONED ANIMALS | $10,000 |