BETA

HOOK FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
HOOK FAMILY FOUNDATION (EIN 76-0574363)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-15
IRS object ID
202211359349100531
Schema version
2021v4.2
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)
Return2022-05-15T17:07:59-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FOUNDATION SOURCEBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1ONE HOLLOW LN STE 212AddressLine1Txt
CityLAKE SUCCESSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN760574363EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Hook Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% KAREN ANNE HOOK KINGInCareOfNm
Business Name ControlHOOKBusinessNameControlTxt
Phone7133490711PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1One Greenway Plaza Suite 1003AddressLine1Txt
CityHoustonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77046ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKAREN HOOK KINGPersonNm
Person TitleTREASURERPersonTitleTxt
Phone7133490711PhoneNum
Signature2022-05-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKAREN HOOKPersonFirstNm
Person LastKINGPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum

Additional Filer Information AdditionalFilerInformation

FieldValueIRS element (for citing)
Trusted CustomerTrustedCustomerGrp
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$22,936,484FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$74InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$74InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$678,766DividendsRevAndExpnssAmt
Dividends Net Invst Incm$678,766DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$163,847NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$175,845GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$163,753CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$842,687TotalRevAndExpnssAmt
Total Net Invst Incm$842,593TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Taxes Rev And Expnss$9,527TaxesRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$183TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$183TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$22,245OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$22,245OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$31,955TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$22,428TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$925,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$925,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$956,955TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$947,428TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$114,268ExcessRevenueOverExpensesAmt
Net Investment Income$842,593NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$201,321SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$99,050SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$99,050SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$11,885,117CorporateStockBOYAmt
Corporate Stock EOY$11,873,120CorporateStockEOYAmt
Corporate Stock EOYFMV$22,837,434CorporateStockEOYFMVAmt
Total Assets BOY$12,086,438TotalAssetsBOYAmt
Total Assets EOY$11,972,170TotalAssetsEOYAmt
Total Assets EOYFMV$22,936,484TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$12,086,438RetainedEarningBOYAmt
Retained Earning EOY$11,972,170RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$12,086,438TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$11,972,170TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$12,086,438TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$11,972,170TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$12,086,438TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$114,268ExcessRevenueOverExpensesAmt
Subtotal$11,972,170SubtotalAmt
Tot Net Ast Or Fund Balances EOY$11,972,170TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$175,845GrossSalesPriceAmt
Cost Or Other Basis$12,092CostOrOtherBasisAmt
Gain Or Loss$163,753GainOrLossAmt
Gains Minus Excess Or Losses$163,753GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$163,753CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$11,712InvestmentIncomeExciseTaxAmt
Subtotal$11,712SubtotalAmt
Tax Based On Investment Income$11,712TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$9,200EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$9,200TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Tax Due$2,512TaxDueAmt

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 FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1KAREN ANNE HOOK KINGBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7133490711PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11 Greenway Plaza Suite 1003AddressLine1Txt
CityHoustonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP770460126ZIPCd
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 PrsnYes (true)PayCompDisqualifiedPrsnInd
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Joanne H Hook
One Greenway Plaza Suite 1003HoustonTX77046Dir, Assistant Sec1.0$0$0$0
Randall Townsend Hook
One Greenway Plaza Suite 1003HoustonTX77046Dir, Pres2.0$0$0$0
Thomas Wesley Hook
One Greenway Plaza Suite 1003HoustonTX77046Dir, Sec1.0$0$0$0
Karen Anne Hook King
One Greenway Plaza Suite 1003HoustonTX77046Dir, Treas2.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$21,295,889AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$472,243AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$21,768,132TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$21,768,132AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$326,522CashDeemedCharitableAmt
Net Vl Noncharitable Assets$21,441,610NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,072,081MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,072,081MinimumInvestmentReturnAmt
Tax Based On Investment Income$11,712TaxBasedOnInvestmentIncomeAmt
Total Tax$11,712TotalTaxAmt
Distributable Before Adj$1,060,369DistributableBeforeAdjAmt
Distributable Before Ded$1,060,369DistributableBeforeDedAmt
Distributable As Adjusted$1,060,369DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$947,428ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$947,428QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,060,369DistributableAsAdjustedAmt
Prior Year12019PriorYear1Yr
Prior Year22018PriorYear2Yr
Prior Year32017PriorYear3Yr
Excess Distribution Cyov Yr1$212,728ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$212,728TotalExcessDistributionCyovAmt
Qualifying Distributions$947,428QualifyingDistributionsAmt
Applied To Current Year$947,428AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$112,941ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$112,941ExcessDistributionCyovAppCYAmt
Total Corpus$99,787TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$99,787ExcessDistriCyovToNextYrAmt
Excess From Year1$99,787ExcessFromYear1Amt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJoanne H HookContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BOYS AND GIRLS COUNTRY OF HOUSTON INC
18806 ROBERTS RDHOCKLEYTX77447N/APCGeneral & Unrestricted$10,000
CAL FARLEYS BOYS RANCH
600 SW 11TH AVEAMARILLOTX79101N/APCGeneral & Unrestricted$10,000
COLLEGE OF THE OZARKS
100 OPPORTUNITY AVEPOINT LOOKOUTMO65726N/APCGeneral & Unrestricted$75,000
HILLSDALE COLLEGE
33 E COLLEGE STHILLSDALEMI49242N/APCGeneral & Unrestricted$150,000
HOUSTONS AMAZING PLACE INC
3735 DREXEL DRHOUSTONTX77027N/APCGeneral & Unrestricted$25,000
LEADERSHIP INSTITUTE
1101 N HIGHLAND STARLINGTONVA22201N/APCIntern Program$10,000
MAIN STREET MINISTRIES HOUSTON
5100 TRAVIS STHOUSTONTX77002N/APCGeneral & Unrestricted$10,000
PTSD FOUNDATION OF AMERICA
9724 DERRINGTON RDHOUSTONTX77064N/APCGeneral & Unrestricted$25,000
TEXAS PUBLIC POLICY FOUNDATION
901 CONGRESS AVEAUSTINTX78701N/APCCenter for the American Future program$75,000
TEXAS PUBLIC POLICY FOUNDATION
901 CONGRESS AVEAUSTINTX78701N/APCGeneral & Unrestricted$225,000
TRUE THE VOTE INC
PO BOX 3109HOUSTONTX77253N/APCGeneral & Unrestricted$300,000
TURNING POINT USA INC
4940 EAST BEVERLY RDPHOENIXAZ85044N/APCGeneral & Unrestricted$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$925,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$74ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$678,766ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$163,847ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$842,687ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$842,687TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (17 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AMER INTERNATIONAL GROUP INC$319,309$24,052
AT&T, INC$888,678$651,900
BANK OF AMERICA CORP$542,574$800,820
COLGATE-PALMOLIVE COMPANY$1,050,250$1,706,800
CORTEVA INC$159,476$419,232
DOW INC$311,426$502,936
DU PONT DE NEMOURS$457,021$716,276
DUKE ENERGY CO$1,123,643$1,927,342
ENBRIDGE INC$994,562$1,444,123
EXXON MOBIL CORP$2,292,131$1,621,535
FORD MOTOR COMPANY$582,167$882,725
JP MORGAN CHASE$1,086,500$3,958,750
KIMBERLY CLARK CORP$1,576,383$2,758,356
PFIZER INC$261,458$651,085
UNION PACIFIC$209,759$4,752,660
VIATRIS ORD SHS$14,356$18,509
VISTEON CORP$3,427$333

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$22,220$22,220
Postage/Delivery Service$25$25

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmt
990-PF Estimated Tax for 2021$9,200
990-PF Excise Tax for 2020$7
990-PF Extension for 2020$320

Comments

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