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HOBBS FOUNDATION C/O STERLING FOUNDATION MANAGEMENT LLC

HOBBS FOUNDATION C/O STERLING FOUNDATION MANAGEMENT LLC

Reston, VA, US
•
501(c)3
•
EIN
52-2287607
•
WWW.HOBBSFOUNDATION.ORG
•
Private Foundation
Regional Funder
Family Foundation
funder logo

HOBBS FOUNDATION C/O STERLING FOUNDATION MANAGEMENT LLC

Reston, VA, US
•
501(c)3
•
EIN
52-2287607
•
WWW.HOBBSFOUNDATION.ORG
•
Private Foundation
Regional Funder
Family Foundation
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Income Statement
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Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$2,885,179

Other
72%
Investments
28%
Contributions
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$929,707

Grants
75%
Salaries & Benefits
15%
Other
8%
Fees to Service Providers
2%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$69,697
$6,329
-91%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$714,993
$802,493
+12%
Other
$448,860
$2,076,357
+363%
Total Revenues
$1,233,550
$2,885,179
+134%
Expenses
2023
2024
Change
Grants
$650,000
$700,000
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$134,903
$137,082
+2%
Fees to Service Providers
$21,495
$20,744
-3%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$2,656
$2,029
-24%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$51,493
$69,852
+36%
Total Expenses
$860,547
$929,707
+8%
Net income
2023
2024
Change
Net income
+$373,003
+$1,955,472
+424%
Income Statement
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