2025-10-13T10:31:20-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 4334 MUNSON STREET SUITE 200 CANTON OH 44718 990 2024-01-01 341204223 HOBAN TRUST FUND INC HOBA 3307736658 ONE HOLY CROSS BOULEVARD AKRON OH 44306 STEVEN A DIMENGO CHAIRMAN 3302586417 2025-10-09 1 1 JENNIFER COLEMAN P00743188 3304972000 2025-10-09 2024 2025-03-06 01:10:19Z STEVEN A DIMENGO 3800 EMBASSY PARKWAY SUITE 300 AKRON OH 44333 1099356 0 X N/A X 1978 OH SUPPORT SCHOLASTIC PROGRAMS AND PROVIDE SCHOLARSHIPS FOR STUDENTS AT ARCHBISHOP HOBAN HIGH SCHOOL. 11 10 0 10 0 0 496926 482603 0 0 371686 616753 0 0 868612 1099356 670000 740166 0 0 0 0 0 0 0 30217 27176 700217 767342 168395 332014 14589155 16047452 0 1000 14589155 16046452 TO SUPPORT SCHOLASTIC PROGRAMS AND PROVIDE SCHOLARSHIPS FOR STUDENTS AT ARCHBISHOP HOBAN HIGH SCHOOL. 0 0 740166 740166 0 TO SUPPORT SCHOLASTIC PROGRAMS AND PROVIDE SCHOLARSHIPS FOR STUDENTS AT ARCHBISHOP HOBAN HIGH SCHOOL. 740166 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 OH X JONATHAN DUNAY CFO 3307736658 ONE HOLY CROSS BOULEVARD AKRON OH 44306 CHRIS DIMAURO TRUSTEE, PRESIDENT HOBAN 0.20 40.00 X 0 198431 19853 STEVEN A DIMENGO CHAIRMAN 1.00 1.00 X X 0 0 0 BR JAMES SPOONER SECRETARY 1.00 40.00 X X 0 0 0 ANDREW SPRUNGLE TREASURER 1.00 0.00 X X 0 0 0 BRIAN DECENZO TRUSTEE 0.20 1.00 X 0 0 0 STEVE HAMMERSMITH TRUSTEE 0.20 1.00 X 0 0 0 DAVID KUNCE TRUSTEE 0.20 0.00 X 0 0 0 ALICE LUSE TRUSTEE 0.20 0.00 X 0 0 0 JAMES MCCOOL TRUSTEE 0.20 0.00 X 0 0 0 JOE MORRIS TRUSTEE 0.20 0.00 X 0 0 0 CHARLIE PETER TRUSTEE 0.20 0.00 X 0 0 0 0 198431 19853 0 0 1 0 0 482603 482603 360019 360019 256734 0 256734 256734 256734 1099356 0 0 616753 740166 740166 27146 27146 MISCELLANEOUS EXPENSES 30 30 767342 740166 27176 0 73489 19228 98599 127560 14417067 15900664 14589155 16047452 0 1000 0 1000 X 1219155 2861461 13370000 13184991 14589155 16046452 14589155 16047452 332014 1125283 0 X 0 0 0 X 275741 694006 689614 496926 482603 2638890 275741 694006 689614 496926 482603 2638890 2638890 187370 230173 236162 317744 360019 1331468 3970358 0.66460 0.67160 X PART IV, SECTION D, LINE 3: THE CHAIRMAN OF HOBAN TRUST FUND, INC. IS A BOARD MEMBER OF ARCHBISHOP HOBAN HIGH SCHOOL. SEVERAL OTHER BOARD MEMBERS OF HOBAN TRUST FUND, INC. ARE ALSO BOARD MEMBERS OF ARCHBISHOP HOBAN HIGH SCHOOL. THE PRESIDENT OF ARCHBISHOP HOBAN HIGH SCHOOL ARE ALSO BOARD MEMBERS OF HOBAN TRUST FUND, INC. DUE TO THESE RELATIONSHIPS, THE ORGANIZATION'S SUPPORTED ORGANIZATION HAS A SIGNIFICANT VOICE IN THE ORGANIZATION'S OPERATIONS. PART IV, SECTION E, LINE 2A: THE ORGANIZATION PROVIDES FUNDS ONLY TO ARCHBISHOP HOBAN HIGH SCHOOL. THESE FUNDS ARE USED FOR STUDENT SCHOLARSHIP ASSISTANCE AND TO SUPPORT SCHOLASTIC PROGRAMS AT ARCHBISHOP HOBAN HIGH SCHOOL, WHICH FURTHERS THE EXEMPT PURPOSE OF ARCHBISHOP HOBAN HIGH SCHOOL. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14417067 508904 1742036 740166 27177 15900664 13007274 387664 1722346 670000 30217 14417067 15130688 734933 -2153091 610000 95256 13007274 12997260 843358 1937840 575000 72770 15130688 12048900 337082 1206517 534000 61239 12997260 0.17079 0.82921 0.00000 0 0 0 DUE TO ARCHBISHOP HOBAN HIGH SCHOOL 1000 1000 PART V, LINE 4: THE ORGANIZATION HAS ADOPTED SPECIFIC INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PRESERVE THE PORTFOLIO'S PURCHASING POWER THROUGH ASSET GROWTH IN EXCESS OF THE SPENDING RATE PLUS THE RATE OF INFLATION. THE LONG-TERM OBJECTIVE FOR THE FUND IS THAT IT WILL EARN AN AVERAGE ANNUAL RETURN OF AT LEAST 7.89%. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. THE OBJECTIVE IS TO MAXIMIZE THE LONG-TERM RETURN WHILE ASSUMING A REASONABLE AND PRUDENT LEVEL OF RISK. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE ORGANIZATION RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). IN ACCORDANCE WITH THE HOBAN TRUST FUND DISTRIBUTION POLICY, IT HAS BEEN DETERMINED A TOTAL OF 5.00% OF THE AVERAGE TOTAL VALUE OF THE ENDOWMENT FUND BASED ON THE MARKET VALUE AT DECEMBER 31 IMMEDIATELY PRIOR TO THE BEGINNING OF THE SCHOOL YEAR AND THE LAST DAY OF EACH OF THE ELEVEN QUARTERS PRIOR TO THAT DECEMBER 31 PLUS THE AGGREGATE AVAILABLE UNDISTRIBUTED AMOUNTS FROM THE PREVIOUS THREE YEARS WILL BE DISTRIBUTED. ALL UNRESTRICTED ACCOUNTS ARE REMOVED FROM THIS CALCULATION. THE FUNDS DISTRIBUTED ARE BOARD DESIGNATED AS UNRESTRICTED FOR ARCHBISHOP HOBAN HIGH SCHOOL AND ARE TO BE USED FOR OPERATIONS, SCHOLARSHIPS, AND FINANCIAL AID FOR TUITION DURING THE SCHOOL YEAR IN WHICH THEY ARE DISTRIBUTED. 1 ARCHBISHOP HOBAN HIGH SCHOOL ONE HOLY CROSS BOULEVARD AKRON OH 44306 340770684 501(C)(3) 740166 0 N/A N/A SCHOLARSHIP ASSISTANCE FOR STUDENTS AT ARCHBISHOP HOBAN HIGH SCHOOL. 1 0 PART I, LINE 2: THE ORGANIZATION PROVIDES FUNDS ONLY TO ARCHBISHOP HOBAN HIGH SCHOOL. IN ACCORDANCE WITH THE HOBAN TRUST FUND DISTRIBUTION POLICY, IT HAS BEEN DETERMINED A MAXIMUM OF 5.00% OF THE AVERAGE TOTAL VALUE OF THE ENDOWMENT FUND BASED ON THE MARKET VALUE AT DECEMBER 31 IMMEDIATELY PRIOR TO THE BEGINNING OF THE SCHOOL YEAR AND THE LAST DAY OF EACH OF THE ELEVEN QUARTERS PRIOR TO THAT DECEMBER 31 PLUS THE AGGREGATE AVAILABLE UNDISTRIBUTED AMOUNTS FROM THE PREVIOUS THREE YEARS MAY BE DISTRIBUTED. ALL UNRESTRICTED ACCOUNTS ARE REMOVED FROM THIS CALCULATION. THE FUNDS DISTRIBUTED ARE BOARD DESIGNATED AS UNRESTRICTED FOR ARCHBISHOP HOBAN HIGH SCHOOL AND ARE TO BE USED FOR OPERATIONS, SCHOLARSHIPS, AND FINANCIAL AID FOR TUITION DURING THE SCHOOL YEAR IN WHICH THEY ARE DISTRIBUTED. 0 0 0 0 0 0 0 0 0 CHRIS DIMAURO TRUSTEE, PRESIDENT HOBAN 0 168431 0 30000 0 0 0 12146 0 7707 0 218284 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS MADE AVAILABLE TO BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE HOBAN TRUST FUND, INC. HAS ADOPTED A CONFLICT OF INTEREST POLICY REQUIRING DIRECTORS, OFFICERS, AND COMMITTEE MEMBERS TO ANNUALLY DISCLOSE ANY FINANCIAL OR NONFINANCIAL INTERESTS THAT COULD RESULT IN A CONFLICT. THE BOARD REVIEWS DISCLOSURES, DETERMINES IF A CONFLICT EXISTS, AND FOLLOWS PROCEDURES TO ADDRESS POTENTIAL CONFLICTS, INCLUDING RECUSAL FROM RELATED DECISIONS. COMPENSATION MATTERS ARE HANDLED TRANSPARENTLY, AND PERIODIC REVIEWS ARE CONDUCTED TO ENSURE COMPLIANCE WITH CHARITABLE PURPOSES AND LEGAL REQUIREMENTS. VIOLATIONS OF THE POLICY ARE SUBJECT TO DISCIPLINARY ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE TRUST FUND HAS NO EMPLOYEES AND DOES NOT COMPENSATE ANY DIRECTOR OR OFFICER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS WILL BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. ARCHBISHOP HOBAN HIGH SCHOOL ONE HOLY CROSS BOULEVARD AKRON OH 44306 340770684 OPERATION OF A CATHOLIC HIGH SCHOOL IN THE HOLY CROSS TRADITION. OH 501(C)(3) LINE 2 BROTHERS OF HOLY CROSS 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0