WALTER AND JERE HUBBARD FAMILYFOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
WALTER AND JERE HUBBARD FAMILYFOUNDATION (EIN 26-0481920)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-15
IRS object ID
202333199349105778
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)
Return2023-11-15T15:01:00-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN825390981PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BENNETT BENNETT & TRICE PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16807 INDIANA AVE STE 200AddressLine1Txt
CityLUBBOCKCityNm
State AbbreviationTXStateAbbreviationCd
ZIP794136109ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN260481920EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WALTER & JERE HUBBARD FAMILYBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlWALTBusinessNameControlTxt
Phone4326834777PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 3282AddressLine1Txt
CityMIDLANDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP797023282ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCRAIG E HUBBARDPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone4326384777PhoneNum
Signature2023-11-15SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCRAIGPersonFirstNm
Person LastHUBBARDPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKIM BAIRRINGTON CPAPreparerPersonNm
PTINP01011783PTIN
Phone8065895111PhoneNum
Preparation2023-11-15PreparationDt
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$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$22,205ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$217InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$217InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$217InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$5,086DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,086DividendsNetInvstIncmAmt
Dividends Adj Net Incm$5,086DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$862NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$862GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$862CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$28,370TotalRevAndExpnssAmt
Total Net Invst Incm$6,165TotalNetInvstIncmAmt
Total Adj Net Incm$5,303TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$127OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$127TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$26,525ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$26,525ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$26,652TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$26,525TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,718ExcessRevenueOverExpensesAmt
Net Investment Income$6,165NetInvestmentIncomeAmt
Adjusted Net Income$5,303AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$27,156CashBOYAmt
Corporate Stock BOY$170,495CorporateStockBOYAmt
Corporate Stock EOY$199,836CorporateStockEOYAmt
Land Bldg Equip Cost Or Other Bss$3,270LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,270LandBldgEquipAccumDeprecAmt
Land BOY$127LandBOYAmt
Total Assets BOY$197,778TotalAssetsBOYAmt
Total Assets EOY$199,836TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Accounts Payable EOY$447AccountsPayableEOYAmt
Total Liabilities EOY$447TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$197,778RetainedEarningBOYAmt
Retained Earning EOY$199,389RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$197,778TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$199,389TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$197,778TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$199,836TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$197,778TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,718ExcessRevenueOverExpensesAmt
Subtotal$199,496SubtotalAmt
Other Decreases$107OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$199,389TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$862CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$86InvestmentIncomeExciseTaxAmt
Subtotal$86SubtotalAmt
Tax Based On Investment Income$86TaxBasedOnInvestmentIncomeAmt
Tax Due$86TaxDueAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
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 FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksCRAIG HUBBARDIndividualWithBooksNm
Phone4326834777PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 3282AddressLine1Txt
CityMIDLANDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79702ZIPCd
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
CRAIG E HUBBARD
PO BOX 3282MIDLANDTX79702PRESIDENT000.00$0$0$0
KATIE L HUBBARD
PO BOX 3282MIDLANDTX79702VICE PRESIDE000.00$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$177,823AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$17,026AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$194,849TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$194,849AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,923CashDeemedCharitableAmt
Net Vl Noncharitable Assets$191,926NetVlNoncharitableAssetsAmt
Minimum Investment Return$9,596MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$9,596MinimumInvestmentReturnAmt
Tax Based On Investment Income$86TaxBasedOnInvestmentIncomeAmt
Total Tax$86TotalTaxAmt
Distributable Before Adj$9,510DistributableBeforeAdjAmt
Distributable Before Ded$9,510DistributableBeforeDedAmt
Distributable As Adjusted$9,510DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$26,525ExpensesAndContributionsAmt
Qualifying Distributions$26,525QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$9,510DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$32,825ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$25,161ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$25,300ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$12,036ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$95,322TotalExcessDistributionCyovAmt
Qualifying Distributions$26,525QualifyingDistributionsAmt
Applied To Current Year$9,510AppliedToCurrentYearAmt
Remaining Distri From Corpus$17,015RemainingDistriFromCorpusAmt
Total Corpus$112,337TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$112,337ExcessDistriCyovToNextYrAmt
Excess From Year4$32,825ExcessFromYear4Amt
Excess From Year3$25,161ExcessFromYear3Amt
Excess From Year2$25,300ExcessFromYear2Amt
Excess From Year1$12,036ExcessFromYear1Amt
Excess From Current Year$17,015ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
ST ANN'S CATHOLIC CHURCH
1906 W TEXAS AVEMIDLANDTX79701NONEPUBLICOPERATIONAL EXPENSES$15,000
FIRST TEE - WEST TEXAS
PO BOX 53035MIDLANDTX79710NONEPUBLICOPERATIONAL EXPNESES$3,700
SIBLEY NATURE CENTER
1307 E WADLEY AVENUEMIDLANDTX79705NONEPUBLICOPERATIONAL EXPENSES$2,500
FRIENDS OF SLRSP
PO BOXMIDLANDTX79701NONEPUBLICOPERATIONAL EXPENSE$2,000
FOCUS ON THE FAMILY
8605 EXPLORER DRIVECOLORADO SPRINGSCO80920NONEPUBLICOPERATIONAL EXPENSES$1,100
HICH SKY CHILDRENS RANCH
8613 W COUNTY RD 60MIDLANDTX79707NONEPUBLICOPERATIONAL EXPENSES$500
GIFTS OF HOPE
2006 W TENNESSEE AVEMIDLANDTX79701NONEPUBLICOPERATIONAL EXPENSES$500
THE LIFE CENTER
2101 W WALLMIDLANDTX79701NONEPUBLICOPERATIONAL EXPENSES$500
VARIOUS
PO BOXMIDLANDTX79701NONEOPERATIONAL EXPENSE$350
ARC OF ACADIAN
6400 HIGHWAY 90 WESTNEW IBERIALA70560NONEPUBLICOPERATIONAL EXPENSES$100
MIDLAND MEMORIAL FOUNDATION
400 ROSALIND REDFERNMIDLANDTX79701NONEPUBLICOPERATIONAL EXPENSES$100GROVER PARKWAY
KNIGHTS OF COLUMBUS
4601 FM 1788MIDLANDTX79707NONEPUBLICOPERATIONAL EXPENSES$100
CASA DE AMIGOS
1101 GARDEN LNMIDLANDTX79705NONEPUBLICOPERATIONAL EXPENSES$50
ST JUDES CHILDRENS HOSPIATL
262 DANNY THOMAS PLACEMEMPHISTN38105OPERATIONAL EXPENSES$25
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$26,525TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$217ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5,086ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$862ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$6,165ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$6,165TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonCRAIG HUBBARDContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 3282AddressLine1Txt
CityMIDLANDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79702ZIPCd
FieldValueIRS element (for citing)
Total Contributions$22,205TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Amortization Schedule AmortizationSchedule

Amortization Schedule Detail AmortizationScheduleDetail

FieldValueIRS element (for citing)
Amortized ExpensesORGANIZATION COSTSAmortizedExpensesDesc
Acquired Completed Or Expended2007-08-01AcquiredCompletedOrExpendedDt
Amortized$3,270AmortizedAmt
Deduction For Prior Years$3,143DeductionForPriorYearsAmt
Amortization Period15.0000AmortizationPeriodRt
Current Year Amortization$127CurrentYearAmortizationAmt
Total Amortization$3,270TotalAmortizationAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockRAYMOND JAMES MUTUAL FUNDSStockNm
EOY Book Value$199,836EOYBookValueAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Cost Or Other Basis$3,270CostOrOtherBasisAmt
Accumulated Depreciation$3,270AccumulatedDepreciationAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescPRIOR YEAR EXCISE TAXDesc
Amt$107Amt

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