HOBBS CHARITABLE FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
HOBBS CHARITABLE FOUNDATION (EIN 45-4067573)
Tax period
2021-10-01 to 2022-09-30
Filed
2023-02-08
IRS object ID
202320399349100207
Schema version
2021v4.0
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)
Return2023-02-08T12:12:44-05:00ReturnTs
Tax Period End2022-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN813495742PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GARCIA & CARLSON CPA PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12367 VANDERBILT BEACH RD STE 811AddressLine1Txt
CityNAPLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34109ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN454067573EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HOBBS CHARITABLE FOUNDATIONBusinessNameLine1Txt
Business Name Line2U/A DTD 12/16/2011BusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlHOBBBusinessNameControlTxt
Phone2394047602PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1475 GATEHOUSE CTAddressLine1Txt
CityMARCO ISLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34145ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonALLEN HAMM HOBBSPersonNm
Person TitleTRUSTEEPersonTitleTxt
Signature2023-02-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstALLEN HAMMPersonFirstNm
Person LastHOBBSPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTACY CARLSONPreparerPersonNm
PTINP00869005PTIN
Phone2393255200PhoneNum
Preparation2023-02-08PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-03-07 01:45:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,983,920FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$85InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$85InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$85InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$12,600DividendsRevAndExpnssAmt
Dividends Net Invst Incm$12,600DividendsNetInvstIncmAmt
Dividends Adj Net Incm$12,600DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$680,091NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$762,441GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$680,091CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$692,776TotalRevAndExpnssAmt
Total Net Invst Incm$692,776TotalNetInvstIncmAmt
Total Adj Net Incm$12,685TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$3,482LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$7,950AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$7,950AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$146TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$11,578TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,950TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$630,704ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$630,704ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$642,282TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,950TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$630,704TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$50,494ExcessRevenueOverExpensesAmt
Net Investment Income$684,826NetInvestmentIncomeAmt
Adjusted Net Income$12,685AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$33,959SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$171,044SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$171,044SavAndTempCashInvstEOYFMVAmt
Pledges Rcvbl$100PledgesRcvblAmt
Pledges Rcvbl BOY$100PledgesRcvblBOYAmt
Pledges Rcvbl EOY$100PledgesRcvblEOYAmt
Pledges Rcvbl EOYFMV$100PledgesRcvblEOYFMVAmt
Prepaid Expenses BOY$4,241PrepaidExpensesBOYAmt
Corporate Stock BOY$475,740CorporateStockBOYAmt
Corporate Stock EOY$393,390CorporateStockEOYAmt
Corporate Stock EOYFMV$1,567,776CorporateStockEOYFMVAmt
Other Investments BOY$365,400OtherInvestmentsBOYAmt
Other Investments EOY$365,400OtherInvestmentsEOYAmt
Other Investments EOYFMV$245,000OtherInvestmentsEOYFMVAmt
Total Assets BOY$879,440TotalAssetsBOYAmt
Total Assets EOY$929,934TotalAssetsEOYAmt
Total Assets EOYFMV$1,983,920TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,739,100CapitalStockBOYAmt
Capital Stock EOY$1,739,100CapitalStockEOYAmt
Retained Earning BOY-$859,660RetainedEarningBOYAmt
Retained Earning EOY-$809,166RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$879,440TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$929,934TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$879,440TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$929,934TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$879,440TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$50,494ExcessRevenueOverExpensesAmt
Subtotal$929,934SubtotalAmt
Tot Net Ast Or Fund Balances EOY$929,934TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
3,500 SHARES PAYPAL HOLDINGSP2008-11-062021-12-27$674,673$64,050$610,623$610,623
1,000 SHARES PAYPAL HOLDINGSP2008-11-062022-06-30$87,768$18,300$69,468$69,468
FieldValueIRS element (for citing)
Capital Gain Net Income$680,091CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$9,519InvestmentIncomeExciseTaxAmt
Subtotal$9,519SubtotalAmt
Tax Based On Investment Income$9,519TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$4EsPenaltyAmt
Tax Due$9,523TaxDueAmt

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
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
Individual With BooksALLEN HAMM HOBBSIndividualWithBooksNm
Phone2394047602PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1475 GATEHOUSE COURTAddressLine1Txt
CityMARCO ISLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34145ZIPCd
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
Undistributed Income PYfalseUndistributedIncomePYInd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ALLEN HAMM HOBBS
475 GATEHOUSE COURTMARCO ISLANDFL34145TRUSTEE2.00$0$0$0
DEBORAH HOBBS
475 GATEHOUSE COURTMARCO ISLANDFL34145TRUSTEE2.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,817,008AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$106,094AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,923,102TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,923,102AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$43,847CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,879,255NetVlNoncharitableAssetsAmt
Minimum Investment Return$143,963MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$143,963MinimumInvestmentReturnAmt
Tax Based On Investment Income$9,519TaxBasedOnInvestmentIncomeAmt
Total Tax$9,519TotalTaxAmt
Distributable Before Adj$134,444DistributableBeforeAdjAmt
Distributable Before Ded$134,444DistributableBeforeDedAmt
Distributable As Adjusted$134,444DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$630,704ExpensesAndContributionsAmt
Qualifying Distributions$630,704QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$134,444DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$222,718ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$222,718TotalExcessDistributionCyovAmt
Qualifying Distributions$630,704QualifyingDistributionsAmt
Applied To Current Year$134,444AppliedToCurrentYearAmt
Remaining Distri From Corpus$496,260RemainingDistriFromCorpusAmt
Total Corpus$718,978TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$718,978ExcessDistriCyovToNextYrAmt
Excess From Year2$222,718ExcessFromYear2Amt
Excess From Current Year$496,260ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (13 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AMERICAN HEART ASSOCIATION
7272 GREENVILLE AVEDALLASTX75231NONE501 (C)(3)HEART HEALTH IMPROVEMENT$10,000
AMERICAN RED CROSS
2610 NORTH BROOKE PLAZA DNAPLESFL34119NONE501(C)(3)DISASTER RELIEF$1,000
COMMUNITY SCHOOL NAPLES
13275 LIVINGSTON RDNAPLESFL34109NONE501(C)(3)EDUCATION ADVANCEMENT$250,000
COMMUNITY SCHOOL NAPLES
13275 LIVINGSTON RDNAPLESFL34109NONE501(C)(3)EDUCATION ADVANCEMENT$50,000
COMMUNITY SCHOOL NAPLES
13275 LIVINGSTON RDNAPLESFL34109NONE501(C)(3)EDUCATION ADVANCEMENT$250,000
COMMUNITY SCHOOL NAPLES
13275 LIVINGSTON RDNAPLESFL34109NONE501(C)(3)EDUCATION ADVANCEMENT$6,104
COAST GUARD FOUNDATION
394 TAUGWONK RDSTONINGTONCT06378NONE501(C)(3)EDUCATION ADVANCEMENT$100
LANDON HIGH SCHOOL
6101 WILSON LANEBETHESDAMD20817NONE501(C)(3)EDUCATION ADVANCEMENT$10,000
MARCO ISLAND ACADEMY
1450 WINTERBERRY DRMARCO ISLANDFL34145NONE501(C)(3)EDUCATION ADVANCEMENT$3,500
RENSSELAER POLYTECHNIC
PO BOX 3164BOSTONMA02241NONE501(C)(3)EDUCATION ADVANCEMENT$10,000
YOUNG AMERICANS FOR LIBERTY
500 NCAPITAL OF TEXAS HWYAUSTINTX78746NONE501(C)(3)EDUCATION ADVANCEMENT OF LIBERTY$10,000
ZETA PSI EDUCATION FOUNDATION
15 SOUTH HENRY STPEARL RIVERNY10965NONE501(C)(3)FORGE ACADEMIC EXCELLENCE$10,000
COMMUNITY SCHOOL NAPLES
13275 LIVINGSTON RDNAPLESFL34109NONE501(C)(3)EDUCATION ADVANCEMENT$20,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$630,704TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$85ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$12,600ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$680,091ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$692,776ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$692,776TotalIncomeProducingActyAmt

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$7,950Amt
Net Investment Income$7,950NetInvestmentIncomeAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
15,000 SHARES OF EBAY, INC.$177,497$552,150
11,800 SHARES OF PAYPAL HOLDINGS INC$215,893$1,015,626

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or Item14,000 ISHARES SILVER TRUST INDEX FUCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$365,400BookValueAmt
EOYFMV$245,000EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$3,482LegalFeesAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL INCOME TAXCategoryTxt
Amt$146Amt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.