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Margaret M Grow Charitable Foundation

Hobbs Floyd Jr Ttee

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$64.2k (2024)

Expenses
$109k (2024)

Total Assets
$675k (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$64,182
Expenses
$108,578
Net Income
-$44,396
Net Assets
$674,919
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $680
1.1%
Dividends $34,666
54.0%
Sales of Assets $28,809
44.9%
Other Income $27
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $76,800
70.7%
Compensation of Officers* $28,000
25.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $674,919
Total Liabilities $0
Net Assets $674,919
Compensation
Key Employees and Officers Compensation Other
Rita W Hobbs (Trustee) $28,000 $0
Floyd Hobbs Jr (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$46,592
Expenses
$101,581
Net Income
-$54,989
Net Assets
$724,298
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $694
1.5%
Dividends $33,007
70.8%
Sales of Assets $12,891
27.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $71,500
70.4%
Compensation of Officers* $26,000
25.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $724,298
Total Liabilities $0
Net Assets $724,298
Compensation
Key Employees and Officers Compensation Other
Rita W Hobbs (Trustee) $26,000 $0
Floyd Hobbs Jr (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$36,910
Expenses
$91,629
Net Income
-$54,719
Net Assets
$671,580
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $120
0.3%
Dividends $31,248
84.7%
Sales of Assets $5,542
15.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $61,750
67.4%
Compensation of Officers* $26,000
28.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $671,580
Total Liabilities $0
Net Assets $671,580
Compensation
Key Employees and Officers Compensation Other
Rita W Hobbs (Trustee) $26,000 $0
Floyd Hobbs Jr (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$74,097
Expenses
$77,808
Net Income
-$3,711
Net Assets
$727,770
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $38,836
52.4%
Interest Revenue $64
0.1%
Dividends $32,183
43.4%
Sales of Assets $2,964
4.0%
Other Income $50
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $75,200
96.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $727,770
Total Liabilities $0
Net Assets $727,770
Compensation
Key Employees and Officers Compensation Other
Floyd Hobbs Jr (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$266,234
Expenses
$49,124
Net Income
$217,110
Net Assets
$731,480
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $38,836
14.6%
Interest Revenue $58
0.0%
Dividends $67,613
25.4%
Sales of Assets $159,390
59.9%
Other Income $337
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $46,450
94.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $731,481
Total Liabilities $1
Net Assets $731,480
Compensation
Key Employees and Officers Compensation Other
Floyd Hobbs Jr (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$63,971
Expenses
$46,000
Net Income
$17,971
Net Assets
$505,082
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $38,836
60.7%
Interest Revenue $82
0.1%
Dividends $20,743
32.4%
Sales of Assets $4,310
6.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $43,400
94.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $505,082
Total Liabilities $0
Net Assets $505,082

Document Links

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$50,771
Expenses
$29,410
Net Income
$21,361
Net Assets
$368,368
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $38,836
76.5%
Interest Revenue $187
0.4%
Dividends $11,748
23.1%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $27,000
91.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $368,368
Total Liabilities $0
Net Assets $368,368

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$49,055
Expenses
$28,165
Net Income
$20,890
Net Assets
$347,007
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $38,836
79.2%
Interest Revenue $139
0.3%
Dividends $10,080
20.5%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,750
91.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $347,007
Total Liabilities $0
Net Assets $347,007

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$47,068
Expenses
$25,860
Net Income
$21,208
Net Assets
$326,117
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $38,836
82.5%
Interest Revenue $105
0.2%
Dividends $8,127
17.3%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $23,550
91.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $326,117
Total Liabilities $0
Net Assets $326,117

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$46,881
Expenses
$21,497
Net Income
$25,384
Net Assets
$304,909
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $38,836
82.8%
Interest Revenue $56
0.1%
Dividends $7,989
17.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $18,250
84.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $304,909
Total Liabilities $0
Net Assets $304,909

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$39,683
Expenses
$17,252
Net Income
$22,431
Net Assets
$279,525
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $38,836
97.9%
Interest Revenue $118
0.3%
Dividends $6,371
16.1%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,950
92.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $279,525
Total Liabilities $0
Net Assets $279,525

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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