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Hobbs Family Charitable Tr

Hobbs Michael D 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 / Corporate Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$73.1k (2024)

Expenses
$59.4k (2024)

Total Assets
$1.17M (2024)

Total Liabilities
$0 (2024)

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
$73,100
Expenses
$59,400
Net Income
$13,700
Net Assets
$1,171,326
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $10,860
14.9%
Dividends $35,168
48.1%
Sales of Assets $27,072
37.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $59,400
100%
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 $1,171,326
Total Liabilities $0
Net Assets $1,171,326
Compensation
Key Employees and Officers Compensation Other
Michael D Hobbs (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$13,399
Expenses
$51,118
Net Income
-$64,517
Net Assets
$1,157,626
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,108
Dividends $42,203
Sales of Assets -$56,710
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $50,900
99.6%
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 $1,157,626
Total Liabilities $0
Net Assets $1,157,626
Compensation
Key Employees and Officers Compensation Other
Michael D Hobbs (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$106,634
Expenses
$100,856
Net Income
$5,778
Net Assets
$1,222,143
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $127
0.1%
Dividends $45,459
42.6%
Sales of Assets $61,048
57.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $95,900
95.1%
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 $1,222,143
Total Liabilities $0
Net Assets $1,222,143
Compensation
Key Employees and Officers Compensation Other
Michael D Hobbs (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$203,102
Expenses
$55,000
Net Income
$148,102
Net Assets
$1,216,365
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $7
0.0%
Dividends $38,999
19.2%
Sales of Assets $164,096
80.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $55,000
100%
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 $1,216,365
Total Liabilities $0
Net Assets $1,216,365
Compensation
Key Employees and Officers Compensation Other
Michael D Hobbs (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$55,075
Expenses
$58,152
Net Income
-$113,227
Net Assets
$1,068,262
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $23
Dividends $32,243
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $55,400
95.3%
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 $1,068,263
Total Liabilities $1
Net Assets $1,068,262
Compensation
Key Employees and Officers Compensation Other
Michael D Hobbs (Trustee) $0 $0
Hazel R Hobbs (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$76,546
Expenses
$141,043
Net Income
-$64,497
Net Assets
$1,181,489
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $90,000
> 100%
Interest Revenue $192
0.3%
Dividends $45,580
59.5%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $136,300
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 $1,181,490
Total Liabilities $1
Net Assets $1,181,489
Compensation
Key Employees and Officers Compensation Other
Michael D Hobbs (Trustee) $0 $0
Hazel R Hobbs (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$79,610
Expenses
$61,629
Net Income
$17,981
Net Assets
$1,245,987
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $156
0.2%
Dividends $39,481
49.6%
Sales of Assets $39,973
50.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $56,810
92.2%
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 $1,245,987
Total Liabilities $0
Net Assets $1,245,987
Compensation
Key Employees and Officers Compensation Other
Michael D Hobbs (Trustee) $0 $0
Hazel R Hobbs (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$108,162
Expenses
$91,814
Net Income
$16,348
Net Assets
$1,228,006
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $43
0.0%
Dividends $28,489
26.3%
Sales of Assets $79,630
73.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $88,170
96.0%
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 $1,228,006
Total Liabilities $0
Net Assets $1,228,006
Compensation
Key Employees and Officers Compensation Other
Michael D Hobbs (Trustee) $0 $0
Hazel R Hobbs (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$356,216
Expenses
$47,558
Net Income
$308,658
Net Assets
$1,211,658
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $310,000
87.0%
Interest Revenue $229
0.1%
Dividends $32,982
9.3%
Sales of Assets $13,005
3.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $43,965
92.4%
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 $1,211,658
Total Liabilities $0
Net Assets $1,211,658
Compensation
Key Employees and Officers Compensation Other
Michael D Hobbs (Trustee) $0 $0
Hazel R Hobbs (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$26,422
Expenses
$48,076
Net Income
-$21,654
Net Assets
$903,000
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,175
8.2%
Interest Revenue $1,751
6.6%
Dividends $48,594
> 100%
Sales of Assets -$26,098
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $47,510
98.8%
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 $903,000
Total Liabilities $0
Net Assets $903,000
Compensation
Key Employees and Officers Compensation Other
Michael D Hobbs (Trustee) $0 $0
Hazel R Hobbs (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$58,021
Expenses
$56,845
Net Income
$1,176
Net Assets
$924,654
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $13,519
23.3%
Dividends $14,317
24.7%
Sales of Assets $30,185
52.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $49,820
87.6%
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 $924,654
Total Liabilities $0
Net Assets $924,654
Compensation
Key Employees and Officers Compensation Other
Michael D Hobbs (Trustee) $0 $0
Hazel R Hobbs (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$72,406
Expenses
$60,999
Net Income
$11,407
Net Assets
$923,478
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $30,000
41.4%
Interest Revenue $21,386
29.5%
Dividends $9,484
13.1%
Sales of Assets $11,536
15.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $60,120
98.6%
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 $923,478
Total Liabilities $0
Net Assets $923,478
Compensation
Key Employees and Officers Compensation Other
Michael D Hobbs (Trustee) $0 $0
Hazel R Hobbs (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$45,361
Expenses
$55,590
Net Income
-$10,229
Net Assets
$912,071
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,447
5.4%
Interest Revenue $34,099
75.2%
Dividends $894
2.0%
Sales of Assets $7,921
17.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $52,645
94.7%
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 $913,399
Total Liabilities $1,328
Net Assets $912,071

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$37,777
Expenses
$53,531
Net Income
-$15,754
Net Assets
$922,299
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $32,833
86.9%
Dividends $0
Sales of Assets $4,944
13.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $48,405
90.4%
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 $922,300
Total Liabilities $1
Net Assets $922,299

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

Fiscal Year Ending Dec.
2003

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.
2002

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.
2001

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.

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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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