Hobbs Foundation

Waco, TX
Tax-exempt since April 1991
EIN: 74-2587600

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Donations to this organization are tax deductible.

Revenue

$17.7k (2024)

Expenses

$18.1k (2024)

Total Assets

$591k (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

Revenue

$17,735

Expenses

$18,063

Net Income

-$328

Net Assets

$591,031

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$14,297	80.6%
Sales of Assets	$3,438	19.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,673	70.2%
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	$591,031
Total Liabilities	$0
Net Assets	$591,031

Compensation

Key Employees and Officers	Compensation	Other
Carey Hobbs (President)	$0	$0

990-PF

Filed on Sept. 24, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$12,223

Expenses

$23,888

Net Income

-$11,665

Net Assets

$591,359

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$11,808	96.6%
Sales of Assets	$415	3.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$18,668	78.1%
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	$591,359
Total Liabilities	$0
Net Assets	$591,359

Compensation

Key Employees and Officers	Compensation	Other
Carey Hobbs (President)	$0	$0

990-PF

Filed on Nov. 12, 2024

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2022

Revenue

$22,636

Expenses

$19,247

Net Income

$3,389

Net Assets

$603,024

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,390	68.0%
Interest Revenue	$0
Dividends	$13,190	58.3%
Sales of Assets	-$5,944
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,219	73.9%
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	$603,024
Total Liabilities	$0
Net Assets	$603,024

Compensation

Key Employees and Officers	Compensation	Other
Carey Hobbs (President)	$0	$0

990-PF

Filed on Nov. 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$82,208

Expenses

$33,131

Net Income

$49,077

Net Assets

$599,635

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$53,130	64.6%
Interest Revenue	$0
Dividends	$18,766	22.8%
Sales of Assets	$10,312	12.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,698	83.6%
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	$599,635
Total Liabilities	$0
Net Assets	$599,635

Compensation

Key Employees and Officers	Compensation	Other
Carey Hobbs (President)	$0	$0

990-PF

Filed on Aug. 10, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$83,227

Expenses

$46,261

Net Income

$36,966

Net Assets

$550,557

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$69,000	82.9%
Interest Revenue	$0
Dividends	$13,125	15.8%
Sales of Assets	$1,102	1.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$40,290	87.1%
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	$550,558
Total Liabilities	$1
Net Assets	$550,557

Compensation

Key Employees and Officers	Compensation	Other
Carey Hobbs (President)	$0	$0

990-PF

Filed on Nov. 5, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$90,421

Expenses

$83,386

Net Income

$7,035

Net Assets

$513,591

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$74,600	82.5%
Interest Revenue	$0
Dividends	$13,044	14.4%
Sales of Assets	$2,777	3.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$71,085	85.2%
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	$513,592
Total Liabilities	$1
Net Assets	$513,591

Compensation

Key Employees and Officers	Compensation	Other
Carey Hobbs (President)	$0	$0

990-PF

Filed on Nov. 16, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$87,337

Expenses

$34,175

Net Income

$53,162

Net Assets

$506,557

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$79,200	90.7%
Interest Revenue	$0
Dividends	$12,993	14.9%
Sales of Assets	-$4,856
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,585	83.6%
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	$506,557
Total Liabilities	$0
Net Assets	$506,557

Compensation

Key Employees and Officers	Compensation	Other
Carey Hobbs (President)	$0	$0

990-PF

Filed on Nov. 15, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$90,527

Expenses

$83,017

Net Income

$7,510

Net Assets

$453,395

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$79,195	87.5%
Interest Revenue	$0
Dividends	$6,344	7.0%
Sales of Assets	$4,988	5.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$78,565	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	$453,395
Total Liabilities	$0
Net Assets	$453,395

Compensation

Key Employees and Officers	Compensation	Other
Carey Hobbs (President)	$0	$0

990-PF

Filed on Nov. 14, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$82,742

Expenses

$58,706

Net Income

$24,036

Net Assets

$445,885

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$82,540	99.8%
Interest Revenue	$0
Dividends	$6,814	8.2%
Sales of Assets	-$6,612
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$55,255	94.1%
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	$445,954
Total Liabilities	$69
Net Assets	$445,885

Compensation

Key Employees and Officers	Compensation	Other
Carey Hobbs (President)	$0	$0

990-PF

Filed on May 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$28,566

Expenses

$26,846

Net Income

$1,720

Net Assets

$429,679

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$16,460	57.6%
Interest Revenue	$0
Dividends	$9,382	32.8%
Sales of Assets	$2,724	9.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,523	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	$430,892
Total Liabilities	$1,213
Net Assets	$429,679

Compensation

Key Employees and Officers	Compensation	Other
Carey Hobbs (President)	$0	$0

990-PF

Filed on Nov. 10, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$76,037

Expenses

$30,139

Net Income

$45,898

Net Assets

$427,959

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$62,673	82.4%
Interest Revenue	$1	0.0%
Dividends	$10,559	13.9%
Sales of Assets	$2,804	3.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,871	79.2%
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	$428,993
Total Liabilities	$1,034
Net Assets	$427,959

Compensation

Key Employees and Officers	Compensation	Other
Carey Hobbs (President)	$0	$0

990-PF

Filed on May 15, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$75,574

Expenses

$77,352

Net Income

-$1,778

Net Assets

$382,061

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$64,130	84.9%
Interest Revenue	$5,404	7.2%
Dividends	$3,791	5.0%
Sales of Assets	$2,249	3.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$75,884	98.1%
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	$382,961
Total Liabilities	$900
Net Assets	$382,061

Compensation

Key Employees and Officers	Compensation	Other
Carey Hobbs (President)	$0	$0

990-PF

Filed on Aug. 12, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$37,958

Expenses

$25,573

Net Income

$12,385

Net Assets

$383,839

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$28,700	75.6%
Interest Revenue	$5,168	13.6%
Dividends	$4,737	12.5%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$24,360	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	$384,939
Total Liabilities	$1,100
Net Assets	$383,839

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$57,480

Expenses

$33,151

Net Income

$24,329

Net Assets

$371,299

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$44,935	78.2%
Interest Revenue	$5,574	9.7%
Dividends	$5,078	8.8%
Sales of Assets	$1,893	3.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,046	93.7%
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	$371,443
Total Liabilities	$144
Net Assets	$371,299

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.

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Hobbs Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $17.7k (2024)

Expenses $18.1k (2024)

Total Assets $591k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$17.7k (2024)

Expenses

$18.1k (2024)

Total Assets

$591k (2024)

Total Liabilities

$0 (2024)

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2024

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