Hobbs Family Foundation
- Assets
- $5.9m
- Revenue
- $389.9k
- Investments
- $5.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 81-4349009
Organization Overview
Hobbs Family Foundation is located in Wilmington, DE. The organization was established in 2017. 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. Hobbs 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 12/2021, Hobbs Family Foundation generated $389.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year.
Since 2017, Hobbs Family Foundation has awarded 56 individual grants totaling $1,068,600. 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 |
|---|---|---|---|
Whitney L Hobbs Dir, VP | 1 | $0 | |
Charles Scott Hobbs Dir, Pres, Sec, Treas | 4 | $0 | |
Holly Hobbs Martin Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $610 |
| Dividends & Interest | $193,749 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $195,590 |
| Capital Gain Net Income | $195,590 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $389,949 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,665 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,405 |
| Total operating and administrative expenses | $58,318 |
| Contributions, gifts, grants paid | $490,000 |
| Total expenses and disbursements | $548,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $742,188 |
| 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 | $5,911,551 |
| 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 | $39,879 |
| Total liabilities | $39,879 |
Grants Awarded
Over the last fiscal year, Hobbs Family Foundation has awarded $490,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Destin, FL PURPOSE: DR. ASHER CHANAN KHAN RESEARCH FUND | $100,000 |
Destin, FL PURPOSE: DR. ASHER CHANAN KHAN RESEARCH FUND | $100,000 |
Jacksonville, FL PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
Jacksonville, FL PURPOSE: THE PLAYERS CHAMPIONSHIP BOYS & GIRLS CLUB TEEN PROGRAMS AND FUNDS FOR ROOM ENHANCEMENT | $35,000 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
Denver, CO PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Segal Family Foundation Inc Warren, NJ | $106,923,735 | $21,683,461 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |