Overview
What is Hobart Preservation Foundation?
Hobart Preservation Foundation is a nonprofit organization based in San Francisco, California. Situated at 582 Market Street Suite 412, this organization is dedicated to preserving and maintaining the historically significant Hobart Building, a San Francisco landmark. With a team of five dedicated individuals, the foundation's primary mission is to protect and uphold the integrity of this important architectural landmark. The Hobart Preservation Foundation's work contributes to the rich cultural heritage of San Francisco and plays an essential role in preserving the city's historical legacy.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 71%)
The Hobart Preservation Foundation has received a two-star rating from Charity Navigator, indicating areas that require improvement, particularly in governance and board independence. The foundation scored 71% overall, reflecting strong financial practices, highlighted by a perfect program expense ratio of 100%. This suggests that all expenses are directed towards program activities, which is a positive aspect of their financial management.
However, the organization has notable weaknesses in its governance structure, particularly the lack of independent board members, which scored 0%. Furthermore, several important policies, such as those regarding whistleblower protections and document retention, are missing, which raises concerns about transparency and accountability. The absence of a website listed on the tax form and the failure to post tax documents on their site also detracts from their overall performance in accountability practices.
In summary, while the Hobart Preservation Foundation demonstrates commendable financial responsibility with its program expenses, it must address significant governance issues to enhance its credibility and effectiveness. The foundation could benefit from establishing independent board membership and implementing essential policies that ensure better oversight and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Hobart Preservation Foundation legitimate?
Hobart Preservation Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hobart Preservation Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $111,009
Professional Fundraising Fees: $0
Other Salaries and Wages: $374,847
For more financial information, click here
What is the mission statement of Hobart Preservation Foundation?
The Hobart Preservation Foundation's mission is centered around preserving and maintaining a historically significant building, the Hobart Building, which is a landmark in San Francisco. Their primary goal is to safeguard this architectural gem, ensuring its continued relevance and integrity for future generations. Through their efforts, they aim to contribute to the maintenance and upkeep of the Hobart Building, ensuring it remains a testament to the city's rich historical and cultural heritage. The foundation's activities primarily revolve around the conservation and upkeep of this iconic structure, ensuring it maintains its status as a San Francisco landmark.
Who is the CEO of Hobart Preservation Foundation?
John W Zellerbach is the Secretary of Hobart Preservation Foundation. The CEO's salary of Hobart Preservation Foundation is $21,585 and their total compensation is $21,585.
What is the revenue of Hobart Preservation Foundation?
Hobart Preservation Foundation's revenue in 2022 was $2,746,844.
Who are the executives of Hobart Preservation Foundation and what are their salaries?
The average compensation at Hobart Preservation Foundation during 2022 was $97,171. There are 5 employees and 2 volunteers at Hobart Preservation Foundation.
Here are 5 key members and their salaries (Hobart Preservation Foundation's CEO's salary is $21,585 and their total compensation is $21,585):
- Compensation: $22,356
- Related: $0
- Other: $0
- Compensation: $22,356
- Related: $0
- Other: $0
- Compensation: $22,356
- Related: $0
- Other: $0
- Compensation: $22,356
- Related: $0
- Other: $0
- Compensation: $21,585
- Related: $0
- Other: $0
Where can I find the form 990 for Hobart Preservation Foundation?
Hobart Preservation Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hobart Preservation Foundation
The Hobart Preservation Foundation is committed to safeguarding and maintaining the historic Hobart Building, a significant landmark in San Francisco. This nonprofit organization's mission revolves around preserving the architectural and historical integrity of this iconic structure, ensuring it continues to stand as a testament to the city's rich past. By undertaking regular maintenance and restoration efforts, the Hobart Preservation Foundation plays a critical role in protecting San Francisco's cultural heritage.
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Impact
July, 2024
The Hobart Preservation Foundation has had a significant impact in preserving and maintaining the historic Hobart Building, a San Francisco landmark. By focusing on the maintenance and preservation of this historically important building, the foundation plays a crucial role in safeguarding a piece of San Francisco's rich architectural heritage. Through its mission to preserve and maintain the Hobart Building, the foundation contributes to the cultural and historical fabric of the city, ensuring that this unique landmark remains a part of San Francisco's arts and architectural legacy.
This information is meant to be a general summary of Hobart Preservation Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,387
- Program Service Revenue: $2,628,419
- Gross Receipts: $2,746,844
Assets and Liabilities:
- Total Assets: $23,706,501
- Total Liabilities: $10,903,442
- Net Assets: $12,803,059
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOBART BUILDING OPERATION
Revenue
$2,628,419
Organization Details
Founding Year
2009
Phone
(415) 421-4100Principal Officer
John W Zellerbach
Main Address
582 MARKET STREET SUITE 412, SAN FRANCISCO, CA, 94104
NTEE Category
Code: A80 - Arts
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