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HOOK FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
HOOK FAMILY FOUNDATION (EIN 76-0574363)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-07-02
IRS object ID
202521839349100612
Schema version
2024v5.1
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)
Return2025-07-02T07:37:52-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

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 HOOK KINGInCareOfNm
Business Name ControlHOOKBusinessNameControlTxt
Phone7133017897PhoneNum

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
Signature2025-06-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$20,043,841FMVAssetsEOYAmt
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$3,930InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3,930InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$682,415DividendsRevAndExpnssAmt
Dividends Net Invst Incm$682,415DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$1,922,830NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,725,245GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$2,336,292CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$2,609,175TotalRevAndExpnssAmt
Total Net Invst Incm$3,022,637TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Taxes Rev And Expnss$42,100TaxesRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$871TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$871TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$23,710OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$23,710OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$66,681TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$24,581TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$3,500,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$3,500,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$3,566,681TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$3,524,581TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$957,506ExcessRevenueOverExpensesAmt
Net Investment Income$3,022,637NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$409,699SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$254,609SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$254,609SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$11,285,755CorporateStockBOYAmt
Corporate Stock EOY$10,483,339CorporateStockEOYAmt
Corporate Stock EOYFMV$19,789,232CorporateStockEOYFMVAmt
Total Assets BOY$11,695,454TotalAssetsBOYAmt
Total Assets EOY$10,737,948TotalAssetsEOYAmt
Total Assets EOYFMV$20,043,841TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$11,695,454RetainedEarningBOYAmt
Retained Earning EOY$10,737,948RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$11,695,454TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$10,737,948TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$11,695,454TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$10,737,948TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$11,695,454TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$957,506ExcessRevenueOverExpensesAmt
Subtotal$10,737,948SubtotalAmt
Tot Net Ast Or Fund Balances EOY$10,737,948TotNetAstOrFundBalancesEOYAmt

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$2,725,245GrossSalesPriceAmt
Cost Or Other Basis$388,953CostOrOtherBasisAmt
Gain Or Loss$2,336,292GainOrLossAmt
Gains Minus Excess Or Losses$2,336,292GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$2,336,292CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$42,015InvestmentIncomeExciseTaxAmt
Subtotal$42,015SubtotalAmt
Tax Based On Investment Income$42,015TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$42,294EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$42,294TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Overpayment$279OverpaymentAmt
Applied To ES Tax$279AppliedToESTaxAmt

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 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 PrsnYes (true)FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnYes (true)TransferAstDisqualifiedPrsnInd
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 Sec2.0$0$0$0
Randall Townsend Hook
One Greenway Plaza Suite 1003HoustonTX77046Dir, Pres1.0$0$0$0
Thomas Wesley Hook
One Greenway Plaza Suite 1003HoustonTX77046Dir, Sec0.0$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$20,967,145AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$504,044AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$21,471,189TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$21,471,189AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$322,068CashDeemedCharitableAmt
Net Vl Noncharitable Assets$21,149,121NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,057,456MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,057,456MinimumInvestmentReturnAmt
Tax Based On Investment Income$42,015TaxBasedOnInvestmentIncomeAmt
Total Tax$42,015TotalTaxAmt
Distributable Before Adj$1,015,441DistributableBeforeAdjAmt
Distributable Before Ded$1,015,441DistributableBeforeDedAmt
Distributable As Adjusted$1,015,441DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$3,524,581ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$3,524,581QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,015,441DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$99,787ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr2$108,115ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$691,579ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$899,481TotalExcessDistributionCyovAmt
Qualifying Distributions$3,524,581QualifyingDistributionsAmt
Applied To Current Year$1,015,441AppliedToCurrentYearAmt
Remaining Distri From Corpus$2,509,140RemainingDistriFromCorpusAmt
Total Corpus$3,408,621TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$3,408,621ExcessDistriCyovToNextYrAmt
Excess From Year4$99,787ExcessFromYear4Amt
Excess From Year2$108,115ExcessFromYear2Amt
Excess From Year1$691,579ExcessFromYear1Amt
Excess From Current Year$2,509,140ExcessFromCurrentYearAmt
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 (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
TEXAS PUBLIC POLICY FOUNDATION
901 CONGRESS AVEAUSTINTX78701N/APCGeneral & Unrestricted$3,000,000
TRUE THE VOTE INC
3120 SW FWY STE 101 PMB 19128HOUSTONTX77098N/APCGeneral & Unrestricted$500,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$3,500,000TotalGrantOrContriPdDurYrAmt

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$3,930ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$682,415ExclusionAmt
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$1,922,830ExclusionAmt
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$2,609,175ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,609,175TotalIncomeProducingActyAmt

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 (15 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AMER INTERNATIONAL GROUP INC$319,309$30,794
AT&T, INC$677,501$603,405
BANK OF AMERICA CORP$542,574$791,100
COLGATE-PALMOLIVE COMPANY$940,289$1,627,834
CORTEVA INC$159,476$505,064
DOW INC$311,426$355,833
DU PONT DE NEMOURS$457,021$676,109
DUKE ENERGY CO$1,009,280$1,778,047
ENBRIDGE INC$994,562$1,567,916
EXXON MOBIL CORP$1,985,764$2,469,592
FORD MOTOR COMPANY$582,167$420,750
JP MORGAN CHASE$715,178$3,944,668
KIMBERLY CLARK CORP$1,406,983$2,257,295
PFIZER INC$261,458$292,520
UNION PACIFIC$120,351$2,468,305

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$23,699$23,699
Office Supplies$11$11

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Category990-PF Estimated Tax for 2024CategoryTxt
Amt$42,100Amt

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