WALTER AND JERE HUBBARD FAMILYFOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
WALTER AND JERE HUBBARD FAMILYFOUNDATION (EIN 26-0481920)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-15
IRS object ID
202133199349100323
Schema version
2020v4.0
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)
Return2021-11-15T07:18:56-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN752745426PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1NEWBERRY LEONARD HORTON & BAIRRINGTONBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 790AddressLine1Txt
CityLAMESACityNm
State AbbreviationTXStateAbbreviationCd
ZIP793310790ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

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
ZIP79702ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCRAIG E HUBBARDPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone4326384777PhoneNum
Signature2021-11-09SignatureDt

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 BAIRRINGTONPreparerPersonNm
PTINP01011783PTIN
Phone8068725426PhoneNum
Preparation2021-11-09PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
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)
Contri Rcvd Rev And Expnss$56,471ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$3,180DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,180DividendsNetInvstIncmAmt
Dividends Adj Net Incm$3,180DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$1,062NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,062GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,062CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$60,714TotalRevAndExpnssAmt
Total Net Invst Incm$4,243TotalNetInvstIncmAmt
Total Adj Net Incm$3,181TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$124AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$125TaxesRevAndExpnssAmt
Taxes Net Invst Incm$125TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$218OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$467TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$125TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$25,300ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$25,300ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$25,767TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$125TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$25,300TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$34,947ExcessRevenueOverExpensesAmt
Net Investment Income$4,118NetInvestmentIncomeAmt
Adjusted Net Income$3,181AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$76,134CashBOYAmt
Cash EOY$50,713CashEOYAmt
Corporate Stock BOY$104,361CorporateStockBOYAmt
Corporate Stock EOY$164,901CorporateStockEOYAmt
Land Bldg Equip Cost Or Other Bss$3,270LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,925LandBldgEquipAccumDeprecAmt
Land BOY$563LandBOYAmt
Land EOY$345LandEOYAmt
Total Assets BOY$181,058TotalAssetsBOYAmt
Total Assets EOY$215,959TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$181,058RetainedEarningBOYAmt
Retained Earning EOY$215,959RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$181,058TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$215,959TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$181,058TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$215,959TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$181,058TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$34,947ExcessRevenueOverExpensesAmt
Subtotal$216,005SubtotalAmt
Other Decreases$46OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$215,959TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$1,062CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$57InvestmentIncomeExciseTaxAmt
Subtotal$57SubtotalAmt
Tax Based On Investment Income$57TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$57ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$57TotalPaymentsAndCreditsAmt

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$102,280AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$68,047AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$170,327TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$170,327AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,555CashDeemedCharitableAmt
Net Vl Noncharitable Assets$167,772NetVlNoncharitableAssetsAmt
Minimum Investment Return$8,389MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$8,389MinimumInvestmentReturnAmt
Tax Based On Investment Income$57TaxBasedOnInvestmentIncomeAmt
Total Tax$57TotalTaxAmt
Distributable Before Adj$8,332DistributableBeforeAdjAmt
Distributable Before Ded$8,332DistributableBeforeDedAmt
Distributable As Adjusted$8,332DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$25,300ExpensesAndContributionsAmt
Qualifying Distributions$25,300QualifyingDistributionsAmt
Adjusted Qualifying Distri$25,300AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$8,332DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$9,151ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr2$32,825ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$25,161ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$67,137TotalExcessDistributionCyovAmt
Qualifying Distributions$25,300QualifyingDistributionsAmt
Applied To Current Year$8,332AppliedToCurrentYearAmt
Remaining Distri From Corpus$16,968RemainingDistriFromCorpusAmt
Total Corpus$84,105TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$84,105ExcessDistriCyovToNextYrAmt
Excess From Year4$9,151ExcessFromYear4Amt
Excess From Year2$32,825ExcessFromYear2Amt
Excess From Year1$25,161ExcessFromYear1Amt
Excess From Current Year$16,968ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (17 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
AMERICAN HEART ASSOCIATION
3205 WEST CUTHBERT AVE AMIDLANDTX79701NONEPUBLICOPERATIONAL EXPENSES$50
BYNAM SCHOOL
5100 AVALON DRIVEMIDLANDTX79707NONEPUBLICOPERATIONAL EXPENSES$2,500
CASA DE AMIGOS
1101 GARDEN LNMIDLANDTX79705NONEPUBLICOPERATIONAL EXPENSES$250
COOK CHILDREN'S HEALTH FOUNDATION
801 7TH AVENUEFORT WORTHTX76104NONEPUBLICOPERATIONAL EXPENSES$100
FIRST PRESBYTERIAN CHURCH
800 W TEXAS AVENUEMIDLANDTX79701NONEPUBLICOPERATIONAL EXPENSES$100
FIRST TEE - WEST TEXAS
PO BOX 53035MIDLANDTX79710NONEPUBLICOPERATIONAL EXPNESES$5,000
HILLCREST SCHOOL
2800 NORTH A STMIDLANDTX79705NONEPUBLICOPERATIONAL EXPENSES$500
HOLY CROSS CATHOLIC HIGH SCHOOL
PO BOX 51252MIDLANDTX79710NONEPUBLICOPERATIONAL EXPENSES$1,200
HOSPICE OF MIDLAND
911 WEST TEXAS AVENUEMIDLANDTX79701NONEPUBLEOPERATIONAL EXPNESES$200
MEALS ON WHEELS
3301 SINCLAIR AVEMIDLANDTX79707NONEPUBLICOPERATIONAL EXPENSES$100
MIDLAND FAIR HAVENS
2400 WHITMORE BLVD STE 10MIDLANDTX79705NONEPUBLICOPERATIONAL EXPENSES$5,000
MIDLAND MEMORIAL FOUNDATION
400 ROSALIND REDFERNMIDLANDTX79701NONEPUBLICOPERATIONAL EXPENSES$100GROVER PARKWAY
MOVING WATERS
13831 CAMPWOOD LANECYPRESSTX77429NONEPUBLICOPERATIONAL EXPENSES$500
SIBLEY NATURE CENTER
1307 E WADLEY AVENUEMIDLANDTX79705NONEPUBLICOPERATIONAL EXPENSES$3,500
ST ANN'S CATHOLIC CHURCH
1906 W TEXAS AVEMIDLANDTX79701NONEPUBLICOPERATIONAL EXPENSES$5,100
WEST TEXA FOOD BANK
1601 WESTCLIFF DRMIDLANDTX79703NONEPUBLICOPERATIONAL EXPENSES$1,000
WOGO
2014 ELECTRIC RD 280ROANOKEVA24018NONEPUBLICOPERATIONAL EXPENSES$100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$25,300TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,180ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,062ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$4,243ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$4,243TotalIncomeProducingActyAmt

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 PersonCRAIG HUBBARDContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 3282AddressLine1Txt
CityMIDLANDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79702ZIPCd
FieldValueIRS element (for citing)
Total Contributions$56,421TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertyNETFLIX STOCK - 108 SHARESNoncashPropertyDesc
Fair Market Value$56,421FairMarketValueAmt
Received2020-12-17ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
Amt$124Amt

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$2,707DeductionForPriorYearsAmt
Amortization Period15.0000AmortizationPeriodRt
Current Year Amortization$218CurrentYearAmortizationAmt
Total Amortization$2,925TotalAmortizationAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockRAYMOND JAMES MUTUAL FUNDSStockNm
EOY Book Value$164,901EOYBookValueAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Cost Or Other Basis$3,270CostOrOtherBasisAmt
Accumulated Depreciation$2,925AccumulatedDepreciationAmt
Book Value$345BookValueAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescPRIOR YEAR EXCISE TAXDesc
Amt$46Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAX ON INVESTMENTSCategoryTxt
Amt$125Amt
Net Investment Income$125NetInvestmentIncomeAmt

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