FURP.ORG / PUBLIC DATA EXPLORER

ELIZABETH HOOK ARMSTRONG FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ELIZABETH HOOK ARMSTRONG FOUNDATION (EIN 77-0547321)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-10-15
IRS object ID
202412899349101336
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-10-15T15:59:50-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN770296692PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Finn & Cohen CPAs APCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1425 Pacific Street Suite 302AddressLine1Txt
CityMontereyCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93940ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN770547321EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Elizabeth Hook Armstrong FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlELIZBusinessNameControlTxt
Phone8313752327PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1215 West Franklin Street 312AddressLine1Txt
CityMontereyCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93940ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJeffrey W GormanPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2024-10-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMark Kintz CPAPreparerPersonNm
PTINP00966850PTIN
Phone8313755166PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,339,066FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$26,790DividendsRevAndExpnssAmt
Dividends Net Invst Incm$26,790DividendsNetInvstIncmAmt
Dividends Adj Net Incm$26,790DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$92,229NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$132,324GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$92,229CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$119,019TotalRevAndExpnssAmt
Total Net Invst Incm$119,019TotalNetInvstIncmAmt
Total Adj Net Incm$26,790TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$795AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$25OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$820TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$62,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$62,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$62,820TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$62,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$56,199ExcessRevenueOverExpensesAmt
Net Investment Income$119,019NetInvestmentIncomeAmt
Adjusted Net Income$26,790AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$189,135CashBOYAmt
Cash EOY$90,445CashEOYAmt
Cash EOYFMV$90,445CashEOYFMVAmt
US Government Obligations EOY$94,984USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$96,751USGovtObligationsEOYFMVAmt
Corporate Stock BOY$431,354CorporateStockBOYAmt
Corporate Stock EOY$391,259CorporateStockEOYAmt
Corporate Stock EOYFMV$1,051,765CorporateStockEOYFMVAmt
Corporate Bonds EOY$100,000CorporateBondsEOYAmt
Corporate Bonds EOYFMV$100,105CorporateBondsEOYFMVAmt
Total Assets BOY$620,489TotalAssetsBOYAmt
Total Assets EOY$676,688TotalAssetsEOYAmt
Total Assets EOYFMV$1,339,066TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$620,489NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$676,688NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$620,489TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$676,688TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$620,489TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$676,688TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$620,489TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$56,199ExcessRevenueOverExpensesAmt
Subtotal$676,688SubtotalAmt
Tot Net Ast Or Fund Balances EOY$676,688TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property295 IShares Core S&P 500 ETFPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2021-12-31AcquiredDt
Sold2023-09-20SoldDt
Gross Sales Price$132,324GrossSalesPriceAmt
Cost Or Other Basis$40,095CostOrOtherBasisAmt
Gain Or Loss$92,229GainOrLossAmt
Gains Minus Excess Or Losses$92,229GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$92,229CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,654InvestmentIncomeExciseTaxAmt
Subtotal$1,654SubtotalAmt
Tax Based On Investment Income$1,654TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$368EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$368TotalPaymentsAndCreditsAmt
Tax Due$1,286TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Jeffrey W GormanBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8313752327PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1215 West Franklin Ste 312AddressLine1Txt
CityMontereyCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93940ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYYes (true)UndistributedIncomePYInd
Undistributed Income PY12022UndistributedIncomePY1Yr
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Mike Kelly
PO Box 222634CarmelCA93922President1.00$0
Jeffrey W Gorman
215 West Franklin Street 312MontereyCA93940Treasurer1.00$0
Lisa Tarsitano
27535 Loma Del ReyCarmelCA93923Secretary1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,086,909AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$196,684AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,283,593TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,283,593AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$19,254CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,264,339NetVlNoncharitableAssetsAmt
Minimum Investment Return$63,217MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$63,217MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,654TaxBasedOnInvestmentIncomeAmt
Total Tax$1,654TotalTaxAmt
Distributable Before Adj$61,563DistributableBeforeAdjAmt
Distributable Before Ded$61,563DistributableBeforeDedAmt
Distributable As Adjusted$61,563DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$62,000ExpensesAndContributionsAmt
Qualifying Distributions$62,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$61,563DistributableAsAdjustedAmt
Undistributed Income PY$62,121UndistributedIncomePYAmt
Qualifying Distributions$62,000QualifyingDistributionsAmt
Applied To Year1$62,000AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Taxable2$121Taxable2Amt
Undistributed Income CY$61,563UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonNoneRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1215 West Franklin StreetAddressLine1Txt
CityMontereyCityNm
State AbbreviationCAStateAbbreviationCd
ZIP93940ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8313752327RecipientPhoneNum
Recipient Email AddressnoneRecipientEmailAddressTxt
Form And Info And MaterialsElizabeth Hook Armstrong Foundation Application FormFormAndInfoAndMaterialsTxt
Submission DeadlinesNoneSubmissionDeadlinesTxt
Restrictions On AwardsAs stated in the Articles of Incorporation, grant benefits are for programs that serve students with special needs who are, will be, or have been enrolled at the AB Ingham School ( a special needs program administered by the Monterey County Office of Education).RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Josephine Kernes Memorial Pool
15 Portola AveMontereyCA93940Foundation BeneficiaryPCHandicapped exercise$31,000
Tatum's Garden Foundation
10 San Miguel AvenueSalinasCA93901PCHandicapped Playground$31,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$62,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$26,790ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$92,229RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$26,790ExclusionAmt
Related Or Exempt Function Incm$92,229RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$119,019TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccounting FeesCategoryTxt
Amt$795Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondPathward Natl Assoc CDBondNm
EOY Book Value$100,000EOYBookValueAmt
EOYFMV$100,105EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Ishares TIPS Bond ETF (Tip)$122,553$107,490
Ishares Core S&P 500 ETF$268,706$944,275

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$94,984USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$96,751USGovtObligationsEOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescAttorney General FeesDesc
Revenue And Expenses Per Books$25RevenueAndExpensesPerBooksAmt