H FUND: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
H FUND (EIN 75-2853493)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-06-12
IRS object ID
202341639349101204
Schema version
2022v5.0
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)
Return2023-06-12T12:00:41-07:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN752493198PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Hudgins Crosier Sumpter PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1301 S Polk Suite 375AddressLine1Txt
CityAmarilloCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79101ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN752853493EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1H FUNDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHFUNBusinessNameControlTxt
Phone8063718771PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13009 S HAYDENAddressLine1Txt
CityAMARILLOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79109ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJack S Hudgins JrPersonNm
Person TitlePresidentPersonTitleTxt
Signature2023-06-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJack S HudginsPersonFirstNm
Person LastJrPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJACK S HUDGINS JRPreparerPersonNm
PTINP00040711PTIN
Phone8063718771PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,682,084FMVAssetsEOYAmt
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$37,438DividendsRevAndExpnssAmt
Dividends Net Invst Incm$37,438DividendsNetInvstIncmAmt
Dividends Adj Net Incm$37,438DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$101,110NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$544,180GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$101,110CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$11,667OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$150,215TotalRevAndExpnssAmt
Total Net Invst Incm$138,548TotalNetInvstIncmAmt
Total Adj Net Incm$37,438TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$14,364OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$14,364OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$14,364OtherProfFeesAdjNetIncmAmt
Taxes Rev And Expnss$4,040TaxesRevAndExpnssAmt
Taxes Net Invst Incm$4,040TaxesNetInvstIncmAmt
Taxes Adj Net Incm$4,040TaxesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$18,404TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$18,404TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$18,404TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$393,212ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$393,212ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$411,616TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$18,404TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$18,404TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$393,212TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$261,401ExcessRevenueOverExpensesAmt
Net Investment Income$120,144NetInvestmentIncomeAmt
Adjusted Net Income$19,034AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$47,006CashBOYAmt
Cash EOY$24,305CashEOYAmt
Cash EOYFMV$24,305CashEOYFMVAmt
Corporate Stock BOY$1,646,922CorporateStockBOYAmt
Corporate Stock EOY$1,408,222CorporateStockEOYAmt
Corporate Stock EOYFMV$1,657,779CorporateStockEOYFMVAmt
Total Assets BOY$1,693,928TotalAssetsBOYAmt
Total Assets EOY$1,432,527TotalAssetsEOYAmt
Total Assets EOYFMV$1,682,084TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,693,928RetainedEarningBOYAmt
Retained Earning EOY$1,432,527RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,693,928TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,432,527TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,693,928TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,432,527TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,693,928TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$261,401ExcessRevenueOverExpensesAmt
Subtotal$1,432,527SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,432,527TotNetAstOrFundBalancesEOYAmt

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
FIDELITY ACCOUNTP2001-01-012022-12-31$520,806$443,070$77,736$77,736
FIDELITY TRANSFERP2001-01-012022-12-31$23,374$23,374$23,374
FieldValueIRS element (for citing)
Capital Gain Net Income$101,110CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,670InvestmentIncomeExciseTaxAmt
Subtotal$1,670SubtotalAmt
Tax Based On Investment Income$1,670TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$1,670ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$1,670TotalPaymentsAndCreditsAmt
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 StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundYes (true)DonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1JACK S HUDGINS JRBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8063718771PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13009 S HAYDENAddressLine1Txt
CityAMARILLOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79109ZIPCd
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 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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Jack S Hudgins
3712 FARWELLAmarilloTX79109Vice President0.00$0
Marlene Hoge Hudgins
3712 FARWELLAmarilloTX79109Vice President0.00$0
Jack S Hudgins Jr
3009 HaydenAmarilloTX79109President0.00$0
Debbie Land Hudgins
3009 HaydenAMARILLOTX79109Vice President0.00$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$1,768,152AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$53,296AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,821,448TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,821,448AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$27,322CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,794,126NetVlNoncharitableAssetsAmt
Minimum Investment Return$89,706MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$89,706MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,670TaxBasedOnInvestmentIncomeAmt
Total Tax$1,670TotalTaxAmt
Distributable Before Adj$88,036DistributableBeforeAdjAmt
Distributable Before Ded$88,036DistributableBeforeDedAmt
Distributable As Adjusted$88,036DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$393,212ExpensesAndContributionsAmt
Qualifying Distributions$393,212QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$88,036DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$10,819ExcessDistributionCyovYr5Amt
Total Excess Distribution Cyov$10,819TotalExcessDistributionCyovAmt
Qualifying Distributions$393,212QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$88,036AppliedToCurrentYearAmt
Remaining Distri From Corpus$305,176RemainingDistriFromCorpusAmt
Total Corpus$315,995TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$10,819ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$305,176ExcessDistriCyovToNextYrAmt
Excess From Current Year$305,176ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJack S HudginsContributingManagerNm
Contributing ManagerMarlene Hoge HudginsContributingManagerNm
Contributing ManagerJack S Hudgins JrContributingManagerNm
Contributing ManagerDebbie Land HudginsContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonH FUNDRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line13009 S HAYDENAddressLine1Txt
CityAMARILLOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79109ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8063718771RecipientPhoneNum
Form And Info And MaterialsAPPLICATION MAY BE MADE IN THE FORM OF A WRITTEN LETTER AND SHOULD INCLUDE GENERAL ORGANIZATIONAL INFORMATION, AMOUNTS REQUESTED, USE OF FUNDS REQUESTED AND CURRENT INFORMATION REGARDING QUALIFICATION UNDER IRS SECTION 501(c)(3).FormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsORGANIZATION MUST BE A QUALIFIED 501(C)(3) ORGANIZATION.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MARRIAGE TODAY
PO BOX 59888DALLASTX75229NONEPCGENERAL OPERATING BUDGET$20,000
TEXAS NURSES ASSOC
4807 SPICEWOOD SPRINGS RDAUSTINTX78759NONEPCSCOLARSHIPS$5,000
FIDELITY CHARITABLE
P O BOX 770001CINCINNATIOH45277NONEPCGRANTS TO CHARITIES$368,212
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$393,212TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Related Or Exempt Function Incm$37,438RelatedOrExemptFunctionIncmAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$11,667RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$101,110RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$150,215RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$150,215TotalIncomeProducingActyAmt

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

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$11,667RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$14,364Amt
Net Investment Income$14,364NetInvestmentIncomeAmt
Adjusted Net Income$14,364AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT TAXESCategoryTxt
Amt$4,040Amt
Net Investment Income$4,040NetInvestmentIncomeAmt
Adjusted Net Income$4,040AdjustedNetIncomeAmt

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