HB FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: HB FOUNDATION INC (EIN 86-1901735)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-10-18
IRS object ID: 202332919349100223
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
Form 990-PF
Schedule B

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-10-18T18:20:10-04:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	850366848	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BEASLEY MITCHELL & CO LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO DRAWER 550	AddressLine1Txt
City	LAS CRUCES	CityNm
State Abbreviation	NM	StateAbbreviationCd
ZIP	880040550	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	861901735	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	HB FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	HBFO	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	425 S TELSHOR BLVD STE C204	AddressLine1Txt
City	LAS CRUCES	CityNm
State Abbreviation	NM	StateAbbreviationCd
ZIP	88011	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JOSHUA HAKES	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	5753738300	PhoneNum
Signature	2023-07-14	SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	JOSHUA	PersonFirstNm
Person Last	HAKES	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	false	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	BRADLEY M BEASLEY CPA	PreparerPersonNm
PTIN	P00498877	PTIN
Phone	5755286700	PhoneNum
Preparation	2023-07-17	PreparationDt

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Initial Return	Yes (X)	InitialReturnInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$115,172	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$137,672	ContriRcvdRevAndExpnssAmt
Total Rev And Expnss	$137,672	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$0	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$22,500	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$22,500	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$22,500	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$22,500	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$115,172	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash EOY	$115,172	CashEOYAmt
Cash EOYFMV	$115,172	CashEOYFMVAmt
Total Assets EOY	$115,172	TotalAssetsEOYAmt
Total Assets EOYFMV	$115,172	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests EOY	$115,172	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances EOY	$115,172	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$0	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$115,172	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Excess Revenue Over Expenses	$115,172	ExcessRevenueOverExpensesAmt
Subtotal	$115,172	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$115,172	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	NM	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	SAMUEL HERNANDEZ	IndividualWithBooksNm
Phone	5756351177	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 2022	AddressLine1Txt
City	LAS CRUCES	CityNm
State Abbreviation	NM	StateAbbreviationCd
ZIP	88011	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
JOSHUA HAKES
5545 REMINGTON RD	LAS CRUCES	NM	88011	PRESIDENT	000.00	$0	$0	$0
KIMBALL HAKES
7515 DOMINIQUES PL	LAS CRUCES	NM	88007	CFO	000.00	$0	$0	$0
CHRISTOPHER HAKES
10500 PALOMAS AVENUE NE	ALBUQUERQUE	NM	87122	DIRECTOR	000.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	TO SOLICIT AND PROVIDE FUNDING TO SUPPORT EDUCATIONAL, CULTURAL, AND CHARITABLE ACTIVITIES.	Description1Txt
Expenses1	$22,500	Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$123,705	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$123,705	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$123,705	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,856	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$121,849	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$6,092	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$6,092	MinimumInvestmentReturnAmt
Distributable Before Adj	$6,092	DistributableBeforeAdjAmt
Distributable Before Ded	$6,092	DistributableBeforeDedAmt
Distributable As Adjusted	$6,092	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$22,500	ExpensesAndContributionsAmt
Qualifying Distributions	$22,500	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$6,092	DistributableAsAdjustedAmt
Qualifying Distributions	$22,500	QualifyingDistributionsAmt
Applied To Current Year	$6,092	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$16,408	RemainingDistriFromCorpusAmt
Total Corpus	$16,408	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$16,408	ExcessDistriCyovToNextYrAmt
Excess From Current Year	$16,408	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	TS CONSTRUCTION	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 3707	AddressLine1Txt
City	CORRALES	CityNm
State Abbreviation	NM	StateAbbreviationCd
ZIP	87048	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	5052638143	RecipientPhoneNum
Recipient Email Address	TSCONSTRUCTION58@GMAIL.COM	RecipientEmailAddressTxt
Form And Info And Materials	THE BOARD OF DIRECTORS EVALUATE THE SUBMISSION REQUESTS AND MAKE DECISIONS BASED ON THE REQUIREMENTS FOR ORGANIZATION GRANT/DONATION. CHARITABLE CONTRIBUTION REQUEST FORM MUST BE SUBMITTED BY APPLICANT.	FormAndInfoAndMaterialsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2Txt	Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
SOUTHERN NEW MEXICO FOSTER ADOPTION
MINISTRY INC	3422 MONTECITO CT	LAS CRUCES	NM	88011	NONE	501(C)(3)	FOSTER PROGRAM	$5,000
BIG BROTHERS BIG SISTERS
	PO BOX 601	LAS CRUCES	NM	88004	NONE	501(C)(3)	MENTORING	$6,000
TURNING POINT OF LAS CRUCES
	3201 S MAINT ST SUITE C	LAS CRUCES	NM	88005	NONE	501(C)(3)	PREGNANCY SUPPORT SERVICES	$8,000
ELIAS TRUJILLO
	PO BOX 3707	CORRALES	NM	87048	COMMUNITY	INDIVIDUAL	ASSISTANCE FOR MEDICAL PURPOSES	$3,500

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$22,500	TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	HB ADMINISTRATION	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 2022	AddressLine1Txt
City	LAS CRUCES	CityNm
State Abbreviation	NM	StateAbbreviationCd
ZIP	88011	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$137,672	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

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