2025-03-26T12:04:51-04:00 2024-06-30 921496310 CLIENTS 1ST CPA PC PO BOX 878 YORKTOWN VA 23692 990 2023-07-01 540971072 SARAH BONWELL HUDGINS FOUNDATION INC SARA 7578278757 1706 TODDS LANE BOX 194 HAMPTON VA 23666 JENNIFER REGISTER PRESIDENT 7578278757 2024-03-17 true false KATHRYN LIGHTNER CPA P01231145 8772513687 2025-03-21 2023 2025-03-06 01:10:19Z WWWSARAHBONWELLHUDGINSORG X JENNIFER REGISTER 2340215 false X WWW.SARAHBONWELLHUDGINS.ORG X 1966 VA TO ENHANCE AND ELEVATE THE LIVES OF INDIVIDUALS WITH DISABILITIES ACROSS THE HAMPTON ROADS REGION IN VIRGINIA THROUGH SUSTAINABLE GIVING PROGRAMS. 12 12 3 12 0 12045 28543 161921 41189 99715 -736814 0 273681 -667082 2500 16133 0 146367 137605 0 0 423440 262075 572307 415813 -298626 -1082895 6206422 5264279 195385 4050 6011037 5260229 X TO ENHANCE AND ELEVATE THE LIVES OF INDIVIDUALS WITH DISABILITIES ACROSS THE HAMPTON ROADS REGION IN VIRGINIA THROUGH SUSTAINABLE GIVING PROGRAMS. true true 319325 16133 TO ENHANCE AND ELEVATE THE LIVES OF INDIVIDUALS WITH DISABILITIES ACROSS THE HAMPTON ROADS REGION IN VIRGINIA THROUGH SUSTAINABLE GIVING PROGRAMS. 319325 true false false false false false false false false false true false false false true true true false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 3 0 3 true false false false false false false false false X 12 12 false false false false false false false true true false false true true true false true true true false false VA X LORRI POWERS 7578278757 1706 TODDS LANE BOX 194 HAMPTON VA 23666 LORRI POWERS EXECUTIVE DI 40.00 X 101261 0 0 JENNIFER REGISTER PRESIDENT 1.00 X X 0 0 0 ANDREW SULLIVAN FIRST VICE P 1.00 X X 0 0 0 RICHARD BAGLEY JR SECOND VICE 1.00 X X 0 0 0 HERBERT GREEN SECRETARY 1.00 X X 0 0 0 SARAH PUCKETT TREASURER 1.00 X X 0 0 0 JONATHAN MINKOFF ASSOCIATE TR 1.00 X X 0 0 0 PAUL BABCOCK TRUSTEE 1.00 X 0 0 0 KRISTI CHAMBERLAIN TRUSTEE 1.00 X 0 0 0 GEORGE LEAGUE TRUSTEE 1.00 X 0 0 0 DONALD SWAIN TRUSTEE 1.00 X 0 0 0 ASHLEY SMITH TRUSTEE 1.00 X 0 0 0 KIRK WALL TRUSTEE 1.00 X 0 0 0 101261 1 false false false 28543 28543 COMPLEX RENTAL 532000 41189 41189 41189 107690 107690 170793 1992000 122841 2884456 47952 -892456 -844504 -844504 -667082 -695625 16133 16133 101261 60757 40504 20626 12375 8251 4245 2547 1698 11473 1160 10313 6500 3705 2795 33923 19318 14605 750 750 11471 11471 50081 47577 2504 12087 8224 3863 POST 140 EXPENSES 110851 110851 REPAIRS AND MAINTENANCE 13411 7242 6169 UTILITIES 10592 8540 2052 MISCELLANEOUS 4408 2865 1543 8001 5810 2191 415813 319325 96488 0 474137 227738 3935 3662 2901675 273 2825142 5000588 5468 35680 6206422 5264279 3821 1845 184564 7000 2205 195385 4050 X 6011037 5260229 6011037 5260229 6206422 5264279 -1082895 335296 -3209 X X false true X true false X 30833 133344 85570 12045 28543 290335 30833 133344 85570 12045 28543 290335 290335 161966 176798 160260 99715 107690 706429 41189 41189 1037953 0.27970 0.17810 X FOR THE CURRENT YEAR, THE FOUNDATION MET THE FACTS AND CIRCUMSTANCES TEST AS FOLLOWS: -DURING THE FISCAL YEAR, THE FOUNDATION RECEIVED GENERAL PUBLIC SUPPORT IN EXCESS OF 10% AND THE PRIOR 5-YEAR AVERAGE WAS IN EXCESS OF 10%. -THE FOUNDATION HAD A BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC. THE EXECUTIVE DIRECTOR WAS TASKED WITH INCREASING THE PUBLIC SUPPORT IN THE UPCOMING YEARS. -THE SUPPORT CAME FROM VARIOUS INDIVIDUAL MEMBERS AND BUSINESSES IN THE LOCAL COMMUNITY. -THE BOARD OF TRUSTEES REPRESENTED A BROAD RANGE OF INDIVIDUALS FROM THE LOCAL COMMUNITY AND PUBLIC OFFICIALS. -THE FOUNDATION PROVIDED HOUSING AND WORK/ACTIVITIES FOR INDIVIDUALS WITH MENTAL AND PHYSICAL DISABILITIES. THIS WAS DONE BY MAINTAINING GROUP HOUSING FOR INDIVIDUALS AND RENTAL OF FACILITIES AT BELOW MARKET RENTS TO ORGANIZATIONS THAT SUPPORT THAT MISSION. DUE TO RECENT CHANGES IN LAW, REGULATIONS, AND REQUIREMENTS FOR PAYMENT ASSISTANCE, CAMPUS-STYLE ASSISTANCE FOR THOSE WITH MENTAL DISABILITIES WAS NO LONGER FEASABLE. AS A RESULT, THE FOUNDATION IS TRANSITIONING TO BECOME A NON-OPERATING, GRANT-GIVING FOUNDATION WHICH WILL ENHANCE AND ELEVATE THE LIVES OF INDIVIDUALS WITH DISABILITIES ACROSS THE HAMPTON ROADS REGION IN VIRGINIA THROUGH SUSTAINABLE GIVING PROGRAMS. PART II, LINE 17A FOR THE CURRENT YEAR, THE FOUNDATION MET THE FACTS AND CIRCUMSTANCES TEST AS FOLLOWS: -DURING THE FISCAL YEAR, THE FOUNDATION RECEIVED GENERAL PUBLIC SUPPORT IN EXCESS OF 10% AND THE PRIOR 5-YEAR AVERAGE WAS IN EXCESS OF 10%. -THE FOUNDATION HAD A BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC. THE EXECUTIVE DIRECTOR WAS TASKED WITH INCREASING THE PUBLIC SUPPORT IN THE UPCOMING YEARS. -THE SUPPORT CAME FROM VARIOUS INDIVIDUAL MEMBERS AND BUSINESSES IN THE LOCAL COMMUNITY. -THE BOARD OF TRUSTEES REPRESENTED A BROAD RANGE OF INDIVIDUALS FROM THE LOCAL COMMUNITY AND PUBLIC OFFICIALS. -THE FOUNDATION PROVIDED HOUSING AND WORK/ACTIVITIES FOR INDIVIDUALS WITH MENTAL AND PHYSICAL DISABILITIES. THIS WAS DONE BY MAINTAINING GROUP HOUSING FOR INDIVIDUALS AND RENTAL OF FACILITIES AT BELOW MARKET RENTS TO ORGANIZATIONS THAT SUPPORT THAT MISSION. DUE TO RECENT CHANGES IN LAW, REGULATIONS, AND REQUIREMENTS FOR PAYMENT ASSISTANCE, CAMPUS-STYLE ASSISTANCE FOR THOSE WITH MENTAL DISABILITIES WAS NO LONGER FEASABLE. AS A RESULT, THE FOUNDATION IS TRANSITIONING TO BECOME A NON-OPERATING, GRANT-GIVING FOUNDATION WHICH WILL ENHANCE AND ELEVATE THE LIVES OF INDIVIDUALS WITH DISABILITIES ACROSS THE HAMPTON ROADS REGION IN VIRGINIA THROUGH SUSTAINABLE GIVING PROGRAMS. PART II, LINE 17B FOR THE PRIOR YEAR, THE FOUNDATION MET THE FACTS AND CIRCUMSTANCES TEST AS FOLLOWS: -DURING THE PRIOR FISCAL YEAR, THE FOUNDATION RECEIVED GENERAL PUBLIC SUPPORT IN EXCESS OF 10% AND THE PRIOR 5-YEAR AVERAGE WAS IN EXCESS OF 10%. -THE FOUNDATION HAD A BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC. THE EXECUTIVE DIRECTOR WAS TASKED WITH INCREASING THE PUBLIC SUPPORT IN THE UPCOMING YEARS. -THE PRIOR YEAR SUPPORT CAME FROM VARIOUS INDIVIDUAL MEMBERS AND BUSINESSES IN THE LOCAL COMMUNITY. -THE BOARD OF DIRECTORS REPRESENTED A BROAD RANGE OF INDIVIDUALS FROM THE LOCAL COMMUNITY AND PUBLIC OFFICIALS. -THE FOUNDATION PROVIDED HOUSING AND WORK/ACTIVITIES FOR INDIVIDUALS WITH MENTAL AND PHYSICAL DISABILITIES. THIS WAS DONE BY MAINTAINING GROUP HOUSING FOR INDIVIDUALS AND RENTAL OF FACILITIES AT BELOW MARKET RENTS TO ORGANIZATIONS THAT SUPPORT THAT MISSION. -CONTRIBUTIONS IN THE PRIOR YEAR, AND THE YEAR BEFORE THAT YEAR, WERE NEGATIVELY IMPACTED BY COVID-19. 3935 3662 273 273 ACCRUED PAYROLL 2205 2205 X -334995 335296 335296 -670291 3209 3209 -667082 415813 415813 415813 SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE FOR ANY INCOME RELATED TO ITS EXEMPT PURPOSE. THE FOUNDATION IS SUBJECT TO TAXATION ON UNRELATED NET BUSINESS INCOME BUT IT HAD NONE FOR THE YEAR ENDED JUNE 30, 2024. SARAH BONWELL HUDGINS FOUNDATION, INC. HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS REQUIRED TO BE DISCLOSED UNDER THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. true SARAH'S CREW 19 VALMOORE DRIVE POQUOSON VA 23662 934098645 3 16133 FORM 990, PAGE 2, PART III, LINE 2 DUE TO RECENT CHANGES IN LAW, REGULATIONS, AND REQUIREMENTS FOR PAYMENT ASSISTANCE, CAMPUS-STYLE ASSISTANCE FOR THOSE WITH MENTAL DISABILITIES WAS NO LONGER FEASABLE. AS A RESULT, THE FOUNDATION IS TRANSITIONING TO BECOME A NON-OPERATING, GRANT-GIVING FOUNDATION WHICH WILL ENHANCE AND ELEVATE THE LIVES OF INDIVIDUALS WITH DISABILITIES ACROSS THE HAMPTON ROADS REGION IN VIRGINIA THROUGH SUSTAINABLE GIVING PROGRAMS. FORM 990, PAGE 2, PART III, LINE 3 THE FOUNDATION HAS BEEN LIMITED IN THE SERVICES IT PROVIDES DUE TO RECENT CHANGES IN THE LAW, REGULATIONS AND IN THE REQUIREMENTS FOR PAYMENT ASSISTANCE. AS A RESULT, THE FOUNDATION IS TRANSITIONING TO BECOME A NON- OPERATING, GRANT-GIVING FOUNDATION WHICH WILL ENHANCE AND ELEVATE THE LIVES OF INDIVIDUALS WITH DISABILITIES ACROSS THE HAMPTON ROADS REGION IN VIRGINIA THROUGH SUSTAINABLE GIVING PROGRAMS. FORM 990, PAGE 6, PART VI, LINE 11B THE TAX RETURN IS INITIALLY REVIEWED BY MANAGEMENT WITH QUESTIONS DIRECTED TO THE CPA. THE TREASURER OF THE BOARD THEN REVIEWS THE TAX RETURN WITH MANAGEMENT PRIOR TO THE SIGNING AND FILING OF THE TAX RETURN. FORM 990, PAGE 6, PART VI, LINE 15A TRUSTEE STAFF SUPPORT COMMITTEE AND BUDGET AND FINANCE COMMITTEE PROPOSE A COST OF LIVING INCREASE BASED ON INFLATION AND THE ENTIRE BOARD APPROVES THE INCREASE AS PART OF THE ANNUAL BUDGET. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE MAINTAINED BY THE EXECUTIVE DIRECTOR AND ARE AVAILABLE UPON REQUEST. FORM 990, PAGE 12, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.