JAMES AND BRENDA HOYT FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
JAMES AND BRENDA HOYT FOUNDATION (EIN 65-0754834)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-15
IRS object ID
202223199349106312
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)
Return2022-11-15T15:15:26-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN381335762PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1COOLEY HEHL SABO & CALKINS PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11 SOUTH MONROEAddressLine1Txt
CityMONROECityNm
State AbbreviationMIStateAbbreviationCd
ZIP48161ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN650754834EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JAMES AND BRENDA HOYT FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJAMEBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11819 MAIN ST SUITE 610AddressLine1Txt
CitySARASOTACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34236ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES HOYTPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7342417200PhoneNum
Signature2022-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJAMESPersonFirstNm
Person LastHOYTPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonNICKLAUS W CALKINSPreparerPersonNm
PTINP00186342PTIN
Phone7342417200PhoneNum
Preparation2022-11-14PreparationDt
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$10,441,112FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$5,000,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$400InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$400InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$173,464DividendsRevAndExpnssAmt
Dividends Net Invst Incm$169,727DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$80,388NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$545,589GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$81,907CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$126OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$126OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$5,254,378TotalRevAndExpnssAmt
Total Net Invst Incm$252,160TotalNetInvstIncmAmt
Taxes Rev And Expnss$5,347TaxesRevAndExpnssAmt
Taxes Net Invst Incm$5,347TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$489OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$489OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$5,836TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$5,836TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$316,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$316,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$322,336TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$5,836TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$316,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$4,932,042ExcessRevenueOverExpensesAmt
Net Investment Income$246,324NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$203,352CashBOYAmt
Cash EOY$181,740CashEOYAmt
Cash EOYFMV$181,740CashEOYFMVAmt
Sav And Temp Cash Invst BOY$5,000,000SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$196,438SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$196,438SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOY$10,055,652CorporateStockEOYAmt
Corporate Stock EOYFMV$10,055,652CorporateStockEOYFMVAmt
Other Assets EOY$7,282OtherAssetsEOYAmt
Other Assets EOYFMV$7,282OtherAssetsEOYFMVAmt
Total Assets BOY$5,203,352TotalAssetsBOYAmt
Total Assets EOY$10,441,112TotalAssetsEOYAmt
Total Assets EOYFMV$10,441,112TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$5,203,352NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$10,441,112NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$5,203,352TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$10,441,112TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,203,352TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$10,441,112TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,203,352TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$4,932,042ExcessRevenueOverExpensesAmt
Other Increases$305,718OtherIncreasesAmt
Subtotal$10,441,112SubtotalAmt
Tot Net Ast Or Fund Balances EOY$10,441,112TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$81,907CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3,424InvestmentIncomeExciseTaxAmt
Subtotal$3,424SubtotalAmt
Tax Based On Investment Income$3,424TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$3,500ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$3,500TotalPaymentsAndCreditsAmt
Overpayment$76OverpaymentAmt
Applied To ES Tax$0AppliedToESTaxAmt
Refund$76RefundAmt

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
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 BooksSAM D NORTONIndividualWithBooksNm
Phone9419544691PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11819 MAIN ST SUITE 610AddressLine1Txt
CitySARASOTACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34236ZIPCd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JAMES HOYT
1410 HILLIVIEW DRIVESARASOTAFL34239PRESIDENT000.00$0$0$0
CARRIE L HOYT
1410 HILLVIEW DRSARASOTAFL34239DIRECTOR000.00$0$0$0
SAM D NORTON
1819 MAIN ST SUITE 610SARASOTAFL34236SECREATRY/TR000.00$0$0$0
JAMES L HOYT
4202 DUNBAR RDMONROEMI48161DIRECTOR000.00$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$5,421,304AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,788,604AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$8,209,908TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$8,209,908AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$123,149CashDeemedCharitableAmt
Net Vl Noncharitable Assets$8,086,759NetVlNoncharitableAssetsAmt
Minimum Investment Return$404,338MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$404,338MinimumInvestmentReturnAmt
Tax Based On Investment Income$3,424TaxBasedOnInvestmentIncomeAmt
Total Tax$3,424TotalTaxAmt
Distributable Before Adj$400,914DistributableBeforeAdjAmt
Distributable Before Ded$400,914DistributableBeforeDedAmt
Distributable As Adjusted$400,914DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$316,500ExpensesAndContributionsAmt
Qualifying Distributions$316,500QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$400,914DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,309,910ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$2,548,854ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$4,890,308ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$9,430,261ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$4,149ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$18,183,482TotalExcessDistributionCyovAmt
Qualifying Distributions$316,500QualifyingDistributionsAmt
Applied To Current Year$316,500AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$84,414ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$84,414ExcessDistributionCyovAppCYAmt
Total Corpus$18,099,068TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,225,496ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$16,873,572ExcessDistriCyovToNextYrAmt
Excess From Year4$2,548,854ExcessFromYear4Amt
Excess From Year3$4,890,308ExcessFromYear3Amt
Excess From Year2$9,430,261ExcessFromYear2Amt
Excess From Year1$4,149ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
HUMANE SOCIETY OF SARASOTA
2331 15TH STSARASOTAFL34237PUBLIC BENEFIT$250,000
OPERATION PATRIOT SUPPORT
1819 MAIN STSARASOTAFL34236HUMAN SERVICES$10,000
HUMANE SOCIET OF MONROE
833 N TELEGRAPHMONROEMI48162PUBLIC BENEFIT$10,000
ALL FAITHS FOOD BANK
8171 BLAIKIE CTSARASOTAFL34240HUMAN SERVICES$45,000
NORTHWEST MICHIGAN COMMUNITY ACTION
3963 THREE MILE RDTRAVERSE CITYMI49686HUMAN SERVICES$1,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$316,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$400ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$173,464ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$126ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$80,388ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$254,378ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$254,378TotalIncomeProducingActyAmt

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 PersonJAMES HOYTContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11410 HILLVIEW DRAddressLine1Txt
CitySARASOTACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34239ZIPCd
FieldValueIRS element (for citing)
Total Contributions$5,000,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (10 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
MFC ISHARES TRUST 5-10 YEAR INV2021-01PURCHASE2021-02$49,074$49,501-$427
MFC FLEX SHARES TR MORNINGSTAR2021-02PURCHASE2021-06$14,064$13,094$970
MFC ISHARES TRUST CORE US2021-01PURCHASE2021-06$127,572$130,555-$2,983
MFC ISHARES TR RUSSELL 20002021-02PURCHASE2021-06$23,632$21,215$2,417
MFB NORTHERN FDS GLOBAL2021-02PURCHASE2021-06$6,885$6,221$664
MFC VANGUARD INDEX2021-02PURCHASE2021-06$29,112$27,191$1,921
MFC ISHARES TRUST CORE US2021-01PURCHASE2021-07$55,768$56,288-$520
MFC VANGUARD INTL EQUITY2021-02PURCHASE2021-07$26,535$29,273-$2,738
MFC VANGUARD INDES TR2021-02PURCHASE2021-07$26,084$23,870$2,214
MFC ISHARES TRUST CORE US2021-01PURCHASE2021-12$104,956$107,993-$3,037

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
EQUITY SECURITIES$6,924,436$6,924,436
FIXED INCOME SECURITIES$1,861,115$1,861,115
REAL ESTATE FUNDS$735,999$735,999
COMMODITIES$534,102$534,102

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescACCRUED DIVIDENDSDesc
EOY Book Value$7,282EOYBookValueAmt
EOYFMV$7,282EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
CT CORPORATION$489$489
STATE OF FLORIDA

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
Revenue And Expenses Per Books$126RevenueAndExpensesPerBooksAmt
Net Investment Income$126NetInvestmentIncomeAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAINSDesc
Amt$305,718Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAX W/H ON DIVIDENDSCategoryTxt
Amt$5,347Amt
Net Investment Income$5,347NetInvestmentIncomeAmt

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