BETA

HOMER & MABEL DERRICK FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
HOMER & MABEL DERRICK FOUNDATION (EIN 54-1587458)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-08
IRS object ID
202111289349100716
Schema version
2020v4.1
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)
Return2021-05-08T04:02:25-00:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Leslie L YoungBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 628AddressLine1Txt
CityLexingtonCityNm
State AbbreviationVAStateAbbreviationCd
ZIP24450ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN541587458EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HOMER & MABEL DERRICK FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHOMEBusinessNameControlTxt
Phone5403191121PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 1111AddressLine1Txt
CityLEXINGTONCityNm
State AbbreviationVAStateAbbreviationCd
ZIP24450ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHomer Derrick JrPersonNm
Person TitlePresdientPersonTitleTxt
Phone5403191121PhoneNum
Signature2021-05-08SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstHomerPersonFirstNm
Person LastDerrickPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLeslie YoungPreparerPersonNm
PTINP01024434PTIN
Phone5404635363PhoneNum
Preparation2021-05-08PreparationDt
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Initial Return Former Pub ChrtyYes (X)InitialReturnFormerPubChrtyInd
Organization4947a1 Trtd PFYes (X)Organization4947a1TrtdPFInd
FMV Assets EOY$4,582,214FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Interest On Sav Rev And Expnss$35,899InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$35,899InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$132,564DividendsRevAndExpnssAmt
Dividends Net Invst Incm$132,564DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$7,026NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$243,447GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$175,489TotalRevAndExpnssAmt
Total Net Invst Incm$168,463TotalNetInvstIncmAmt
Oth Empl Slrs Wgs Rev And Expnss$25,000OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm$12,500OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$12,500OthEmplSlrsWgsDsbrsChrtblAmt
Accounting Fees Rev And Expnss$1,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$500AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$500AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$11,668OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$11,668OtherProfFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$2,602OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$505OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$2,097OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$40,270TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$25,173TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$15,097TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$147,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$147,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$187,770TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$25,173TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$162,597TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$12,281ExcessRevenueOverExpensesAmt
Net Investment Income$143,290NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$9,048CashBOYAmt
Cash EOY$28,286CashEOYAmt
Cash EOYFMV$28,286CashEOYFMVAmt
Corporate Stock BOY$2,170,509CorporateStockBOYAmt
Corporate Stock EOY$2,217,724CorporateStockEOYAmt
Corporate Stock EOYFMV$4,088,655CorporateStockEOYFMVAmt
Corporate Bonds BOY$404,607CorporateBondsBOYAmt
Corporate Bonds EOY$365,547CorporateBondsEOYAmt
Corporate Bonds EOYFMV$449,133CorporateBondsEOYFMVAmt
Other Investments BOY$58,376OtherInvestmentsBOYAmt
Other Investments EOY$16,140OtherInvestmentsEOYAmt
Other Investments EOYFMV$16,140OtherInvestmentsEOYFMVAmt
Total Assets BOY$2,642,540TotalAssetsBOYAmt
Total Assets EOY$2,627,697TotalAssetsEOYAmt
Total Assets EOYFMV$4,582,214TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$2,642,540NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$2,627,697NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$2,642,540TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,627,697TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,642,540TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,627,697TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,642,540TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$12,281ExcessRevenueOverExpensesAmt
Other Increases$2,688OtherIncreasesAmt
Subtotal$2,632,947SubtotalAmt
Other Decreases$5,250OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$2,627,697TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,992InvestmentIncomeExciseTaxAmt
Subtotal$1,992SubtotalAmt
Tax Based On Investment Income$1,992TaxBasedOnInvestmentIncomeAmt
Es Penalty$36EsPenaltyAmt
Tax Due$2,028TaxDueAmt

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
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
Individual With BooksH E DERRICK JRIndividualWithBooksNm
Phone5403191121PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1111AddressLine1Txt
CityLEXINGTONCityNm
State AbbreviationVAStateAbbreviationCd
ZIP24450ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYYes (true)UndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
H E DERRCIK JR
PO BOX 1111LEXINGTONVA24450TRUSTEE000.00$0
MARY D WOFFORD
PO BOX 1111LEXINGTONVA24450TRUSTEE000.00$0
BETSY C ANDERSON
PO BOX 1111LEXINGTONVA24450TRUSTEE000.00$0
H D MORRIS
PO BOX 1111LEXINGTONVA24450TRUSTEE000.00$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$1,992TaxBasedOnInvestmentIncomeAmt
Total Tax$1,992TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$162,597ExpensesAndContributionsAmt
Qualifying Distributions$162,597QualifyingDistributionsAmt
Adjusted Qualifying Distri$162,597AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Undistributed Income PY$211,569UndistributedIncomePYAmt
Qualifying Distributions$162,597QualifyingDistributionsAmt
Applied To Year1$162,597AppliedToYear1Amt
Taxable2$48,972Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerN AContributingManagerNm
Shareholder ManagerN AShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonN ARecipientPersonNm
Recipient Phone5404637700RecipientPhoneNum
Form And Info And MaterialsLETTER INCLUDING ANY NECESSARY SUPPLEMENTAL INFORMATIONFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1Schedule AttachedBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1any streetAddressLine1Txt
Cityany cityCityNm
State AbbreviationVAStateAbbreviationCd
ZIP24450ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipnoneRecipientRelationshipTxt
Grant Or Contribution PurposenoneGrantOrContributionPurposeTxt
Amt$147,500Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$147,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$35,899ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$132,564ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$168,463ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$168,463TotalIncomeProducingActyAmt

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)
CategoryLeslie YoungCategoryTxt
Amt$1,000Amt
Net Investment Income$500NetInvestmentIncomeAmt
Disbursements Charitable Prps$500DisbursementsCharitablePrpsAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetSchedule AttachedAssetDesc
Gross Sales Price$243,447GrossSalesPriceAmt
Basis$236,421BasisAmt
Total Net$7,026TotalNetAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondSCHEDULE ATTACHEDBondNm
EOY Book Value$365,547EOYBookValueAmt
EOYFMV$449,133EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSCHEDULE ATTACHEDStockNm
EOY Book Value$2,217,724EOYBookValueAmt
EOYFMV$4,088,655EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemSCHEDULE ATTACHEDCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$16,140BookValueAmt
EOYFMV$16,140EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDescAmtAmt
Income Tax$2,876
Foreign tax$2,374

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
POSTAGE$110$55$55
DUES$1,568$1,568
AD$24$24
Meeting$900$450$450

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescAdjDesc
Amt$2,688Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryBROKERS FEESCategoryTxt
Amt$11,668Amt
Net Investment Income$11,668NetInvestmentIncomeAmt

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