Hobson-Wood Foundation Inc
- Assets
- $1.8m
- Revenue
- $21.0k
- Investments
- $1.7m
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 05/1995
- Data as of
- 11/2023
- EIN
- 62-1586595
Organization Overview
Hobson-Wood Foundation Inc is located in Knoxville, TN. The organization was established in 1995. 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. Hobson-Wood 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 11/2023, Hobson-Wood Foundation Inc generated $21.0k 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 (39.9%) each year. All expenses for the organization totaled $74.4k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hobson-Wood Foundation Inc has awarded 60 individual grants totaling $666,714. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Wood President | 5 | $0 | |
J Daniel Pressley Treasurer | 0.5 | $0 | |
Tammy Kaousias Secretary | 1 | $0 | |
Michael Mcclamroch Board Of Directors | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,124 |
| Dividends & Interest | $51,325 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$31,451 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,998 |
| 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 | $21 |
| Total operating and administrative expenses | $11,752 |
| Contributions, gifts, grants paid | $62,658 |
| Total expenses and disbursements | $74,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,850 |
| 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 | $2,750 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,720 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,713,339 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,785,659 |
| 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, Hobson-Wood Foundation Inc has awarded $62,658 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BIG EARS FESTIVAL PURPOSE: BIG EARS 2024 OUTREACH PROGRAM | $25,000 |
BEALS CHAPEL BAPTIST CHURCH PURPOSE: GENERAL | $2,500 |
EMERALD YOUTH FOUNDATION PURPOSE: GENERAL | $2,500 |
FAITH LUTHERAN CHURCH PURPOSE: GENERAL | $5,000 |
ISAIAH 117 HOUSE PURPOSE: FURNITURE | $2,558 |
WESLEY HOUSE COMMUNITY CENTER PURPOSE: AFTER SCHOOL AND SUMMER CAMP PROGRAMS | $2,500 |