Edwards-Hobgood Foundation Inc
- Assets
- $199.7k
- Revenue
- $2.2k
- Investments
- $184.3k
- Employees
- 0
- Location
- Atlantic Beach, NC
- Founding
- 03/1993
- Data as of
- 12/2022
- EIN
- 56-1789818
Organization Overview
Edwards-Hobgood Foundation Inc is located in Atlantic Beach, NC. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Edwards-Hobgood Foundation Inc 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 12/2022, Edwards-Hobgood Foundation Inc generated $2.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (22.2%) each year. All expenses for the organization totaled $8.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Edwards-Hobgood Foundation Inc has awarded 61 individual grants totaling $131,011. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
NONE
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Hobgood IV Pres/sec | 0 | $0 | |
Elizabeth H Wellons Vp/sec | 0 | $0 | |
Thomas A Hobgood Director | 0 | $0 | |
Kenneth E Hobgood Treas/dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $49 |
| Dividends & Interest | $2,347 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$163 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,233 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8 |
| Total operating and administrative expenses | $3,353 |
| Contributions, gifts, grants paid | $4,718 |
| Total expenses and disbursements | $8,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,357 |
| 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 | $199,652 |
| 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, Edwards-Hobgood Foundation Inc has awarded $4,718 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
KANSAS GOVERNOR'S ONE SHOT TURKEY S PURPOSE: NEEDS | $968 |
INTERACT PURPOSE: NEEDS | $1,000 |
NWTF PURPOSE: NEEDS | $1,250 |
LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: NEEDS | $1,000 |
BOYS & GIRLS CLUB PURPOSE: NEEDS | $500 |