HOBBS CHARITABLE FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
HOBBS CHARITABLE FOUNDATION (EIN 45-4067573)
Tax period
2022-10-01 to 2023-09-30
Filed
2024-02-14
IRS object ID
202430459349101203
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-02-14T11:13:12-05:00ReturnTs
Tax Period End2023-09-30TaxPeriodEndDt
Disaster ReliefFL HURRICANE IDALIADisasterReliefTxt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN813495742PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GARCIA & CARLSON CPA PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12367 VANDERBILT BEACH RD STE 811AddressLine1Txt
CityNAPLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34109ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN454067573EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HOBBS CHARITABLE FOUNDATIONBusinessNameLine1Txt
Business Name Line2U/A DTD 12/16/2011BusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlHOBBBusinessNameControlTxt
Phone2394047602PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1475 GATEHOUSE CTAddressLine1Txt
CityMARCO ISLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34145ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonALLEN HAMM HOBBSPersonNm
Person TitleTRUSTEEPersonTitleTxt
Signature2024-02-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstALLEN HAMMPersonFirstNm
Person LastHOBBSPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEVELYN GARCIAPreparerPersonNm
PTINP00377220PTIN
Phone2393255200PhoneNum
Preparation2024-02-13PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Special ConditionFL HURRICANE IDALIASpecialConditionDesc
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,785,874FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$695InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$695InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$695InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$14,550DividendsRevAndExpnssAmt
Dividends Net Invst Incm$14,550DividendsNetInvstIncmAmt
Dividends Adj Net Incm$14,550DividendsAdjNetIncmAmt
Total Rev And Expnss$15,245TotalRevAndExpnssAmt
Total Net Invst Incm$15,245TotalNetInvstIncmAmt
Total Adj Net Incm$15,245TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,830AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,830AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$19,123TaxesRevAndExpnssAmt
Taxes Net Invst Incm$19,123TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$21,953TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$21,953TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$14,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$14,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$36,453TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$21,953TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$14,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$21,208ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$15,245AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$171,044SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$149,836SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$149,836SavAndTempCashInvstEOYFMVAmt
Pledges Rcvbl$100PledgesRcvblAmt
Pledges Rcvbl BOY$100PledgesRcvblBOYAmt
Pledges Rcvbl EOY$100PledgesRcvblEOYAmt
Pledges Rcvbl EOYFMV$100PledgesRcvblEOYFMVAmt
Corporate Stock BOY$393,390CorporateStockBOYAmt
Corporate Stock EOY$393,390CorporateStockEOYAmt
Corporate Stock EOYFMV$1,351,178CorporateStockEOYFMVAmt
Other Investments BOY$365,400OtherInvestmentsBOYAmt
Other Investments EOY$365,400OtherInvestmentsEOYAmt
Other Investments EOYFMV$284,760OtherInvestmentsEOYFMVAmt
Total Assets BOY$929,934TotalAssetsBOYAmt
Total Assets EOY$908,726TotalAssetsEOYAmt
Total Assets EOYFMV$1,785,874TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,739,100CapitalStockBOYAmt
Capital Stock EOY$1,739,100CapitalStockEOYAmt
Retained Earning BOY-$809,166RetainedEarningBOYAmt
Retained Earning EOY-$830,374RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$929,934TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$908,726TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$929,934TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$908,726TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$929,934TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$21,208ExcessRevenueOverExpensesAmt
Subtotal$908,726SubtotalAmt
Tot Net Ast Or Fund Balances EOY$908,726TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Estimated Plus Ovpmt Incm Tx$9,600EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$9,600TotalPaymentsAndCreditsAmt
Overpayment$9,600OverpaymentAmt
Applied To ES Tax$9,600AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksALLEN HAMM HOBBSIndividualWithBooksNm
Phone2394047602PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1475 GATEHOUSE COURTAddressLine1Txt
CityMARCO ISLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34145ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ALLEN HAMM HOBBS
475 GATEHOUSE COURTMARCO ISLANDFL34145TRUSTEE2.00$0$0$0
DEBORAH HOBBS
475 GATEHOUSE COURTMARCO ISLANDFL34145TRUSTEE2.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,806,453AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$160,406AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,966,859TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,966,859AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$29,503CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,937,356NetVlNoncharitableAssetsAmt
Minimum Investment Return$96,868MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$96,868MinimumInvestmentReturnAmt
Distributable Before Adj$96,868DistributableBeforeAdjAmt
Distributable Before Ded$96,868DistributableBeforeDedAmt
Distributable As Adjusted$96,868DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$14,500ExpensesAndContributionsAmt
Qualifying Distributions$14,500QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$96,868DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$222,718ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$496,260ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$718,978TotalExcessDistributionCyovAmt
Qualifying Distributions$14,500QualifyingDistributionsAmt
Applied To Current Year$14,500AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$82,368ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$82,368ExcessDistributionCyovAppCYAmt
Total Corpus$636,610TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$636,610ExcessDistriCyovToNextYrAmt
Excess From Year3$140,350ExcessFromYear3Amt
Excess From Year1$496,260ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
COMMUNITY FOUNDATION OF COLLIER CTY
1110 PINE RIDGE ROADNAPLESFL34108NONE501(C)(3)ADDRESS COMMUNITY NEEDS/COLLIER CTY$10,000
FAIRFIELD UNIVERSITY
1073 NORTH BENSON ROADFAIRFIELDCT06824NONE501(C)(3)EDUCATION ADVANCEMENT$1,000
FAIRFIELD UNIVERSITY
1073 NORTH BENSON ROADFAIRFIELDCT06824NONE501(C)(3)EDUCATION ADVANCEMENT$1,000
MARCO ISLAND CHARTER MIDDLE SCH
1401 TRINIDAD AVEMARCO ISLANDFL34145NONE501(C)(3)EDUCATION ADVANCEMENT$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$14,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$695ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$14,550ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$15,245ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$15,245TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$2,830Amt
Net Investment Income$2,830NetInvestmentIncomeAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
15,000 SHARES OF EBAY, INC.$177,497$661,350
11,800 SHARES OF PAYPAL HOLDINGS INC$215,893$689,828

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or Item14,000 ISHARES SILVER TRUST INDEX FUCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$365,400BookValueAmt
EOYFMV$284,760EOYFMVAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL INCOME TAXCategoryTxt
Amt$19,123Amt
Net Investment Income$19,123NetInvestmentIncomeAmt

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