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Nonprofit · EIN 52-2287607

HOBBS FOUNDATION

Tax-exempt · HERNDON, VA 20171

Financials

$1.2M$861K2023$2.9M$930K2024$2.6M$995K2025
Revenue Expenses · by fiscal year end
Financials of HOBBS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$2,558,257$995,475$1,562,782$14,349,441$0$14,349,441
December 31, 2024990-PF$2,885,179$929,707$1,955,472$12,786,659$0$12,786,659
December 31, 2023990-PF$1,233,550$860,547$373,003$10,831,187$0$10,831,187
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$4,273
Dividends
$934,093
Net gain from sales of assets
$1,639,550
Other income
-$19,659

Expenses

Grants and similar amounts paid
$750,000
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$129,801
Disbursements for charitable purposes
$944,301
Excise tax on investment income
$35,649

Balance sheet and other

Total assets, start of year
$12,786,659
Total assets, end of year
$14,349,441
Total liabilities, end of year
$0
Net assets, end of year
$14,349,441
Fair market value of assets
$19,498,827
Qualifying distributions
$944,301
Net investment income
$2,573,643

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
AMANDA LONG
808 NORTH FRANKLIN STREET 2103, TAMPA, FL 33602
MANAGING DIRECTOR
Highest-paid employee
40$129,801
RUSSELL HOBBS
12030 SUNRISE VALLEY DRIVE SUITE, 450, RESTON, VA 20191
PRESIDENT/DIRECTOR1$0
990-PF for the year ended December 31, 2024: 2 people
NameTitleHours / weekCompensation
AMANDA LONG
808 NORTH FRANKLIN STREET 2103, TAMPA, FL 33602
MANAGING DIRECTOR
Highest-paid employee
40$124,981
RUSSELL HOBBS
12030 SUNRISE VALLEY DRIVE SUITE, 450, RESTON, VA 20191
PRESIDENT/DIRECTOR1$0
990-PF for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
AMANDA LONG
808 NORTH FRANKLIN STREET 2103, TAMPA, FL 33602
MANAGING DIRECTOR
Highest-paid employee
40$119,970
RUSSELL HOBBS
12030 SUNRISE VALLEY DRIVE SUITE, 450, RESTON, VA 20191
PRESIDENT/DIRECTOR1$0

Address and contacts

Address (IRS master file)
C/O STERLING FOUNDATION MANAGEMENT, HERNDON, VA 20171-0000
In care of
% STERLING FOUNDATION MGMT LLC 23
Signed the 990-PF
RUSSELL HOBBS, PRESIDENT
Phone
(703) 437-9720
Return prepared by
GORFINE SCHILLER & GARDYN PA

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
52-2287607
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2003
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$14,349,441
Income (IRS master file)
$2,851,928

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$2,558,257$995,475$14,349,441XML
990-TDecember 2025–––IRS
990-PFDecember 2024$2,885,179$929,707$12,786,659IRS
990-TDecember 2024–––IRS
990-PFDecember 2023$1,233,550$860,547$10,831,187XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS
990-PFDecember 2019–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-2287607).

Questions about HOBBS FOUNDATION

What is the EIN of HOBBS FOUNDATION?
The employer identification number (EIN) of HOBBS FOUNDATION is 52-2287607.
Is HOBBS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to HOBBS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does HOBBS FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of HOBBS FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HOBBS FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of HOBBS FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 2 people; 1 received compensation from the organization, the highest $129,801 (AMANDA LONG, MANAGING DIRECTOR).
How much revenue does HOBBS FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $2,558,257, expenses of $995,475 and total assets of $14,349,441 at year end.

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