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Hobart Ames Foundation

Boston, MA · EIN 04-6009940 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Hobart Ames Foundation reported $24.6 million in revenue and $3.3 million in expenses for calendar year 2024. Of every $100 it spent, $97.19 went to program services, $2.81 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 89.1% of the total. The highest compensation it reported for one person was $6,952 (CO-TRUSTEE). Revenue rose 738% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $3.3M

Program services$97.19 $3.3M
Management & general$2.81 $94,198
Fundraising$0.00 $0

For context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $25M

Contributions & grants (non-government)$4.85 $1.2M
Government grants$0.02 $5,015
Program service revenue$5.98 $1.5M
Investment income$89.14 $22M
Other revenue$0.01 $3,000

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 2,433 covered charities in this category, from their latest filings.
Measure	2024	Median
Program services Part IX 25(B) ÷ 25(A)	97.2%	86.7%
Management & general Part IX 25(C) ÷ 25(A)	2.8%	11.5%
Fundraising Part IX 25(D) ÷ 25(A)	0.0%	0.0%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.00	$0.01
Contributions & grants share of revenue Part VIII 1h ÷ 12	4.9%	29.9%
Government grants share of revenue Part VIII 1e ÷ 12	0.0%	3.8%
Program service revenue share Part VIII 2g ÷ 12	6.0%	58.9%
Highest reported compensation Part VII-A, columns D–F	$6,952	$301,601
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	0.21%	1.38%
People paid over $100,000 Part VII, line 2	0	6
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	137.7	6.8
Independent voting board members Part VI 1a–1b	3 of 3	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense

$3.3M expenses · 100.0% of program spending · revenue $1.5M

Research and educational programs at ames plantation focus on the preservation, interpretation, and understanding of the agricultural and cultural heritage of southwestern tennessee. Work is conducted under a cooperative program between the ames plantation trustees and the university of tennessee.research efforts include beef cattle biotechnologies, agricultural field studies, forestry management, and wildlife habitat development. Studies are designed to improve production efficiencies, improve land stewardship practices, enhance sustainability, and advance understanding of rural land use in…

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
CO-TRUSTEE Director/trustee, 1.00 hrs/week	$6,952	$0	$0	$6,952
CO-TRUSTEE Director/trustee, 1.00 hrs/week	$6,952	$0	$0	$6,952
CO-TRUSTEE Director/trustee, 1.00 hrs/week	$6,952	$0	$0	$6,952
PLANTATION MANAGER Officer, 1.00 hrs/week	$3,000	$0	$0	$3,000

0 people received more than $100,000 in reportable compensation from Hobart Ames Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $23,856 (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
2024 ⓘ	$25M	$3.3M	97.2%	$38M	$6,952
2023 ⓘ	$5.9M	$3.5M	90.4%	$16M	$4,595
2022 ⓘ	$2.2M	$3.2M	91.4%	$13M	$106,937
2021 ⓘ	$2.8M	$2.9M	90.4%	$14M	$114,724
2020 ⓘ	$2.2M	$2.8M	89.0%	$14M	$101,970
2019 ⓘ	$2.9M	$3.0M	89.1%	$15M	$129,182

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b3 · 3 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aNo
Board given the 990 before filing Part VI 11aNo
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 50
Volunteers Part I, line 63

Correct a figure or respond

Every number above is copied from Hobart Ames Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Hobart Ames Foundation, you can publish a response that is linked from this page.

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All unclassified charities · Largest charities in Massachusetts

Questions people ask

How much of Hobart Ames Foundation's spending goes to programs?

In calendar year 2024, Hobart Ames Foundation reported that 97.2% of its $3.3 million in expenses went to program services, 2.8% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Hobart Ames Foundation pay its top executive?

The largest total compensation Hobart Ames Foundation reported for one person in calendar year 2024 was $6,952, for the role of CO-TRUSTEE (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Hobart Ames Foundation get its money?

Of $24.6 million in revenue in calendar year 2024, 4.9% came from contributions and grants (including 0.0% from government grants) and 6.0% from program service revenue (Form 990, Part VIII).

Is Hobart Ames Foundation a registered charity?

The IRS lists EIN 04-6009940 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

2024: Form 990 for calendar year 2024, object 202503119349302715 · read the filing · XML
2023: Form 990 for calendar year 2023, object 202442709349301139 · read the filing
2022: Form 990 for calendar year 2022, object 202303069349302080 · read the filing
2021: Form 990 for calendar year 2021, object 202232139349301458 · read the filing
2020: Form 990 for calendar year 2020, object 202141749349300804 · read the filing
2019: Form 990 for calendar year 2019, object 202021429349300972 · read the filing

All filings for EIN 04-6009940: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.