H FUND: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
H FUND (EIN 75-2853493)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-02-16
IRS object ID
202230479349100118
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)
Return2022-02-16T14:34:03-08:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

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 Line11800 S Washington Suite 215AddressLine1Txt
CityAmarilloCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79102ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

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 Line11800 S WASHINGTON ST STE 215AddressLine1Txt
CityAMARILLOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79102ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJack S Hudgins JrPersonNm
Person TitlePresidentPersonTitleTxt
Signature2022-02-16SignatureDt
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

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)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,252,618FMVAssetsEOYAmt
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$41,727DividendsRevAndExpnssAmt
Dividends Net Invst Incm$41,727DividendsNetInvstIncmAmt
Dividends Adj Net Incm$41,727DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$249,598NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,475,352GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$249,598CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$291,325TotalRevAndExpnssAmt
Total Net Invst Incm$291,325TotalNetInvstIncmAmt
Total Adj Net Incm$41,727TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$17,422OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$17,422OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$17,422OtherProfFeesAdjNetIncmAmt
Taxes Rev And Expnss$543TaxesRevAndExpnssAmt
Taxes Net Invst Incm$543TaxesNetInvstIncmAmt
Taxes Adj Net Incm$543TaxesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$17,965TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$17,965TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$17,965TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$56,333ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$56,333ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$74,298TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$17,965TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$17,965TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$56,333TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$217,027ExcessRevenueOverExpensesAmt
Net Investment Income$273,360NetInvestmentIncomeAmt
Adjusted Net Income$23,762AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$32,998CashBOYAmt
Cash EOY$47,006CashEOYAmt
Cash EOYFMV$47,006CashEOYFMVAmt
Corporate Stock BOY$1,443,903CorporateStockBOYAmt
Corporate Stock EOY$1,646,922CorporateStockEOYAmt
Corporate Stock EOYFMV$2,205,612CorporateStockEOYFMVAmt
Total Assets BOY$1,476,901TotalAssetsBOYAmt
Total Assets EOY$1,693,928TotalAssetsEOYAmt
Total Assets EOYFMV$2,252,618TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,476,901RetainedEarningBOYAmt
Retained Earning EOY$1,693,928RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,476,901TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,693,928TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,476,901TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,693,928TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,476,901TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$217,027ExcessRevenueOverExpensesAmt
Subtotal$1,693,928SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,693,928TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
How AcquiredPHowAcquiredCd
Acquired2001-01-01AcquiredDt
Sold2021-12-31SoldDt
Gross Sales Price$1,475,352GrossSalesPriceAmt
Cost Or Other Basis$1,225,754CostOrOtherBasisAmt
Gain Or Loss$249,598GainOrLossAmt
Gains Minus Excess Or Losses$249,598GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$249,598CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3,800InvestmentIncomeExciseTaxAmt
Subtotal$3,800SubtotalAmt
Tax Based On Investment Income$3,800TaxBasedOnInvestmentIncomeAmt
Tax Due$3,800TaxDueAmt

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
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 Line11800 S WASHINGTON ST STE 215AddressLine1Txt
CityAMARILLOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79102ZIPCd
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 (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Jack S Hudgins
1800 S WASHINGTON SUITE 215AmarilloTX79102Vice President0.00$0
Marlene Hoge Hudgins
1800 S WASHINGTON SUITE 215AmarilloTX79102Vice President0.00$0
Jack S Hudgins Jr
3009 HaydenAmarilloTX79109President0.00$0
Julie Hudgins Morris
406 Murray PlacePeachtree CityGA30269Vice President0.00$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$2,069,079AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$31,010AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,100,089TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,100,089AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$31,501CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,068,588NetVlNoncharitableAssetsAmt
Minimum Investment Return$103,429MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$103,429MinimumInvestmentReturnAmt
Tax Based On Investment Income$3,800TaxBasedOnInvestmentIncomeAmt
Total Tax$3,800TotalTaxAmt
Distributable Before Adj$99,629DistributableBeforeAdjAmt
Distributable Before Ded$99,629DistributableBeforeDedAmt
Distributable As Adjusted$99,629DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$56,333ExpensesAndContributionsAmt
Qualifying Distributions$56,333QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$99,629DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$29,530ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$24,585ExcessDistributionCyovYr4Amt
Total Excess Distribution Cyov$54,115TotalExcessDistributionCyovAmt
Qualifying Distributions$56,333QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$56,333AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$43,296ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$43,296ExcessDistributionCyovAppCYAmt
Total Corpus$10,819TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$10,819ExcessDistriCyovToNextYrAmt
Excess From Year4$10,819ExcessFromYear4Amt

Supplementary Information SupplementaryInformationGrp

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

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonH FUNDRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11800 S WASHINGTON STE 215AddressLine1Txt
CityAMARILLOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79102ZIPCd
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 (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
WESTMINSTER PRESBYTERIAN CHRCH
2525 WIMBERLY ROADAMARILLOTX79109NONEPUB CHGENERAL OPERATING BUDGET & CAPITAL CAMPAIGN$12,000
RICE UNIVERSITY
PO BOX 1892HOUSTONTX77251NONESTATEGENERAL OPERATING BUDGET$7,000
TRINITY FELLOWSHIP
5000 HOLLYWOOD RDAMARILLOTX79118NONEPUB CHGENERAL OPERATING BUDGET$20,000
FIRST BAPTIST CHURCH-AMARILLO
1208 S TYLERAMARILLOTX79101NONECHARMEMORIAL$1,000
CARRIAGE LANE PRES CH
101 CARRIAGE LANDPEACHTREE CITYGA30289NONEPCGeneral Operating Budget$5,000
TEXAS NURSES ASSOC
4807 SPICEWOOD SPRINGS RDAUSTINTX78759NONEPCSCOLARSHIPS$5,000
OPPORTUNITY PLAN
504 24TH sTREETcANYONTX79105NONEPCSCHOLARSHIPS$6,333
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$56,333TotalGrantOrContriPdDurYrAmt

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
Exclusion$41,727ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$249,598RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$41,727ExclusionAmt
Related Or Exempt Function Incm$249,598RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$291,325TotalIncomeProducingActyAmt

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 Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$17,422Amt
Net Investment Income$17,422NetInvestmentIncomeAmt
Adjusted Net Income$17,422AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
FOREIGN TAXES$267$267$267
INVESTMENT INCOME TAX$276$276$276

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