WALTER AND JERE HUBBARD FAMILYFOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
WALTER AND JERE HUBBARD FAMILYFOUNDATION (EIN 26-0481920)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-15
IRS object ID
202233199349108308
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)
Return2022-11-15T16:59:52-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

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 Begin2021-01-01TaxPeriodBeginDt

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
Signature2022-11-15SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCRAIGPersonFirstNm
Person LastHUBBARDPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKIM BAIRRINGTON CPAPreparerPersonNm
PTINP01011783PTIN
Phone8065895111PhoneNum
Preparation2022-11-15PreparationDt
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$0FMVAssetsEOYAmt
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$4,750DividendsRevAndExpnssAmt
Dividends Net Invst Incm$4,750DividendsNetInvstIncmAmt
Dividends Adj Net Incm$4,750DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$848NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$848GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$848CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$5,598TotalRevAndExpnssAmt
Total Net Invst Incm$5,598TotalNetInvstIncmAmt
Total Adj Net Incm$4,750TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$800AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$4TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$218OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,022TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$22,700ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$22,700ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$23,722TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$22,700TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$18,124ExcessRevenueOverExpensesAmt
Net Investment Income$5,598NetInvestmentIncomeAmt
Adjusted Net Income$4,750AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$50,713CashBOYAmt
Cash EOY$27,156CashEOYAmt
Corporate Stock BOY$164,901CorporateStockBOYAmt
Corporate Stock EOY$170,495CorporateStockEOYAmt
Land Bldg Equip Cost Or Other Bss$3,270LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,143LandBldgEquipAccumDeprecAmt
Land BOY$345LandBOYAmt
Land EOY$127LandEOYAmt
Total Assets BOY$215,959TotalAssetsBOYAmt
Total Assets EOY$197,778TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$215,959RetainedEarningBOYAmt
Retained Earning EOY$197,778RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$215,959TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$197,778TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$215,959TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$197,778TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$215,959TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$18,124ExcessRevenueOverExpensesAmt
Subtotal$197,835SubtotalAmt
Other Decreases$57OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$197,778TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$848CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$78InvestmentIncomeExciseTaxAmt
Subtotal$78SubtotalAmt
Tax Based On Investment Income$78TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$55ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$55TotalPaymentsAndCreditsAmt
Tax Due$23TaxDueAmt

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$170,901AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$47,213AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$218,114TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$218,114AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,272CashDeemedCharitableAmt
Net Vl Noncharitable Assets$214,842NetVlNoncharitableAssetsAmt
Minimum Investment Return$10,742MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$10,742MinimumInvestmentReturnAmt
Tax Based On Investment Income$78TaxBasedOnInvestmentIncomeAmt
Total Tax$78TotalTaxAmt
Distributable Before Adj$10,664DistributableBeforeAdjAmt
Distributable Before Ded$10,664DistributableBeforeDedAmt
Distributable As Adjusted$10,664DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$22,700ExpensesAndContributionsAmt
Qualifying Distributions$22,700QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$10,664DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$9,151ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$32,825ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$25,161ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$25,300ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$92,437TotalExcessDistributionCyovAmt
Qualifying Distributions$22,700QualifyingDistributionsAmt
Applied To Current Year$10,664AppliedToCurrentYearAmt
Remaining Distri From Corpus$12,036RemainingDistriFromCorpusAmt
Total Corpus$104,473TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$9,151ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$95,322ExcessDistriCyovToNextYrAmt
Excess From Year3$32,825ExcessFromYear3Amt
Excess From Year2$25,161ExcessFromYear2Amt
Excess From Year1$25,300ExcessFromYear1Amt
Excess From Current Year$12,036ExcessFromCurrentYearAmt

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 PurposeGrantOrContributionPurposeTxtAmtAmt
ALS ASSOCIATION
14555 DALLAS PKWYDALLASTX75254NONEPUBLICOPERATIONAL EXPENSES$50
ALZHEIMERS ASSOCIATION
4400 N BIG SPRING ST 202MIDLANDTX79705NONEPUBLICOPERATIONAL EXPENSES$100
FIRST TEE - WEST TEXAS
PO BOX 53035MIDLANDTX79710NONEPUBLICOPERATIONAL EXPNESES$5,000
FOCUS ON THE FAMILY
8605 EXPLORER DRIVECOLORADO SPRINGSCO80920NONEPUBLICOPERATIONAL EXPENSES$600
HOLY CROSS CATHOLIC HIGH SCHOOL
PO BOX 51252MIDLANDTX79710NONEPUBLICOPERATIONAL EXPENSES$500
SIBLEY NATURE CENTER
1307 E WADLEY AVENUEMIDLANDTX79705NONEPUBLICOPERATIONAL EXPENSES$100
ST ANN'S CATHOLIC CHURCH
1906 W TEXAS AVEMIDLANDTX79701NONEPUBLICOPERATIONAL EXPENSES$15,250
HALEY MEMORIAL LIBRARY
1805 W INDIANA AVEMIDLANDTX79701NONEPUBLICOPERATIONAL EXPENSES$100
FOSTER'S HOME FOR CHILDREN
1779 N GRAHAM STSTEPHENVILLETX76401NONEPUBLICOPERATIONAL EXPENSE$100
NATIONAL RANCHING HERITAGE CENTER
3121 4TH STLUBBOCKTX79409OPERATIONAL EXPENSES$100
RAYMOND JAMES CHARITABLE
PO BOX 23559ST PETERSBURGFL33742CHARTIBLE$100
WASHINGTON SCHOOL FOR GIRLS
1604 MORRIS RD SEWASHINGTONDC20020NONEPUBLICOPERATIONAL EXPENSES$500
ST MARK'S ANGLICAN CHURC
1100 S HARRISONAMARILLOTX79101OPERATIONAL EXPENSES$100
SAFE PLACE OF THE PERMIAN BASIN
700 N GRANT AVEODESSATX79762OPERATIONAL EXPENSES$100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$22,700TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,750ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$848ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$5,598ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,598TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$800Amt

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$2,925DeductionForPriorYearsAmt
Amortization Period15.0000AmortizationPeriodRt
Current Year Amortization$218CurrentYearAmortizationAmt
Total Amortization$3,143TotalAmortizationAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockRAYMOND JAMES MUTUAL FUNDSStockNm
EOY Book Value$170,495EOYBookValueAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Cost Or Other Basis$3,270CostOrOtherBasisAmt
Accumulated Depreciation$3,143AccumulatedDepreciationAmt
Book Value$127BookValueAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescPRIOR YEAR EXCISE TAXDesc
Amt$57Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAX ON INVESTMENTSCategoryTxt
Amt$4Amt

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