HOBBS CHARITABLE FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
HOBBS CHARITABLE FOUNDATION (EIN 45-4067573)
Tax period
2023-10-01 to 2024-09-30
Filed
2025-02-22
IRS object ID
202530539349100503
Schema version
2023v6.0
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)
Return2025-02-22T13:14:20-05:00ReturnTs
Tax Period End2024-09-30TaxPeriodEndDt

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 Begin2023-10-01TaxPeriodBeginDt

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 GATE HOUSE COURTAddressLine1Txt
CityMARCO ISLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34145ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonALLEN HAMM HOBBSPersonNm
Person TitleTRUSTEEPersonTitleTxt
Signature2025-02-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEVELYN GARCIAPreparerPersonNm
PTINP00377220PTIN
Phone2393255200PhoneNum
Preparation2025-02-19PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,354,340FMVAssetsEOYAmt
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$461InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$461InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$461InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$15,900DividendsRevAndExpnssAmt
Dividends Net Invst Incm$15,900DividendsNetInvstIncmAmt
Dividends Adj Net Incm$15,900DividendsAdjNetIncmAmt
Total Rev And Expnss$16,361TotalRevAndExpnssAmt
Total Net Invst Incm$16,361TotalNetInvstIncmAmt
Total Adj Net Incm$16,361TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,500AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,500AccountingFeesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$2,500TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,500TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$104,600ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$104,600ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$107,100TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,500TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$104,600TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$90,739ExcessRevenueOverExpensesAmt
Net Investment Income$13,861NetInvestmentIncomeAmt
Adjusted Net Income$16,361AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$149,836SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$59,096SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$59,096SavAndTempCashInvstEOYFMVAmt
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$1,897,404CorporateStockEOYFMVAmt
Other Investments BOY$365,400OtherInvestmentsBOYAmt
Other Investments EOY$365,400OtherInvestmentsEOYAmt
Other Investments EOYFMV$397,740OtherInvestmentsEOYFMVAmt
Total Assets BOY$908,726TotalAssetsBOYAmt
Total Assets EOY$817,986TotalAssetsEOYAmt
Total Assets EOYFMV$2,354,340TotalAssetsEOYFMVAmt
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-$830,374RetainedEarningBOYAmt
Retained Earning EOY-$921,114RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$908,726TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$817,986TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$908,726TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$817,986TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$908,726TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$90,739ExcessRevenueOverExpensesAmt
Subtotal$817,987SubtotalAmt
Other Decreases$1OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$817,986TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$193InvestmentIncomeExciseTaxAmt
Subtotal$193SubtotalAmt
Tax Based On Investment Income$193TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$9,600EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$9,600TotalPaymentsAndCreditsAmt
Overpayment$9,407OverpaymentAmt
Applied To ES Tax$9,407AppliedToESTaxAmt

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$1,935,555AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$95,421AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,030,976TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,030,976AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$30,465CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,000,511NetVlNoncharitableAssetsAmt
Minimum Investment Return$100,026MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$100,026MinimumInvestmentReturnAmt
Tax Based On Investment Income$193TaxBasedOnInvestmentIncomeAmt
Total Tax$193TotalTaxAmt
Distributable Before Adj$99,833DistributableBeforeAdjAmt
Distributable Before Ded$99,833DistributableBeforeDedAmt
Distributable As Adjusted$99,833DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$104,600ExpensesAndContributionsAmt
Qualifying Distributions$104,600QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$99,833DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$140,350ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr2$496,260ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$636,610TotalExcessDistributionCyovAmt
Qualifying Distributions$104,600QualifyingDistributionsAmt
Applied To Current Year$99,833AppliedToCurrentYearAmt
Remaining Distri From Corpus$4,767RemainingDistriFromCorpusAmt
Total Corpus$641,377TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$641,377ExcessDistriCyovToNextYrAmt
Excess From Year4$140,350ExcessFromYear4Amt
Excess From Year2$496,260ExcessFromYear2Amt
Excess From Current Year$4,767ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
COMMUNITY SCHOOL OF NAPLES
13275 LIVINGSTON ROADNAPLESFL34109NONE501(C)(3)EDUCATION ADVANCEMENT$10,000
FAIRFIELD UNIVERSITY
1073 NORTH BENSON ROADFAIRFIELDCT06824NONE501(C)(3)EDUCATION ADVANCEMENT$2,000
MARCO ISLAND CHARTER MIDDLE SCH
1401 TRINIDAD AVEMARCO ISLANDFL34145NONE501(C)(3)EDUCATION ADVANCEMENT$2,500
COMMUNITY SCHOOL OF NAPLES
13275 LIVINGSTON ROADNAPLESFL34109NONE501(C)(3)EDUCATION ADVANCEMENT$20,100
COMMUNITY SCHOOL OF NAPLES
13275 LIVINGSTON ROADNAPLESFL34109NONE501(C)(3)EDUCATION ADVANCEMENT$70,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$104,600TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$461ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$15,900ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$16,361ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$16,361TotalIncomeProducingActyAmt

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$2,500Amt
Net Investment Income$2,500NetInvestmentIncomeAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
15,000 SHARES OF EBAY, INC.$177,497$976,650
11,800 SHARES OF PAYPAL HOLDINGS INC$215,893$920,754

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$397,740EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescROUNDINGDesc
Amt$1Amt

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