HOBBS CHARITABLE FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
HOBBS CHARITABLE FOUNDATION (EIN 45-4067573)
Tax period
2017-10-01 to 2018-09-30
Filed
2019-09-16
IRS object ID
201932599349100218
Schema version
2017v2.2
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)
Return2019-09-16T12:00:43-07:00ReturnTs
Tax Period End2018-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN811010213PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LICHT & ANDREWS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13033 Riviera Dr Suite 106AddressLine1Txt
CityNaplesCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34103ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN454067573EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Hobbs Charitable FoundationBusinessNameLine1Txt
Business Name Line2UA DTD 12162011BusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlHOBBBusinessNameControlTxt
Phone9418705592PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1720 N Collier Blvd Unit 501AddressLine1Txt
CityMarco IslandCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34145ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAllen HobbsPersonNm
Person TitleTrusteePersonTitleTxt
Signature2019-09-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMichael A LichtPreparerPersonNm
PTINP00275534PTIN
Phone2392624513PhoneNum
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,759,598FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$73InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$73InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$73InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$73TotalRevAndExpnssAmt
Total Net Invst Incm$73TotalNetInvstIncmAmt
Total Adj Net Incm$73TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$4,120AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$4,120AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$9,460TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$9,460TaxesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$1,108TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$1,108TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$15OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$15OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$14,703TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$14,703TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$79,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$79,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$93,703TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$93,703TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$93,630ExcessRevenueOverExpensesAmt
Net Investment Income$73NetInvestmentIncomeAmt
Adjusted Net Income$73AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$92,405SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$10,468SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$10,468SavAndTempCashInvstEOYFMVAmt
Pledges Rcvbl$100PledgesRcvblAmt
Pledges Rcvbl BOY$11,793PledgesRcvblBOYAmt
Pledges Rcvbl EOY$100PledgesRcvblEOYAmt
Pledges Rcvbl EOYFMV$100PledgesRcvblEOYFMVAmt
Corporate Stock BOY$451,950CorporateStockBOYAmt
Corporate Stock EOY$451,950CorporateStockEOYAmt
Corporate Stock EOYFMV$2,515,620CorporateStockEOYFMVAmt
Other Investments BOY$443,700OtherInvestmentsBOYAmt
Other Investments EOY$443,700OtherInvestmentsEOYAmt
Other Investments EOYFMV$233,410OtherInvestmentsEOYFMVAmt
Total Assets BOY$999,848TotalAssetsBOYAmt
Total Assets EOY$906,218TotalAssetsEOYAmt
Total Assets EOYFMV$2,759,598TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$1,739,100CapitalStockBOYAmt
Capital Stock EOY$1,739,100CapitalStockEOYAmt
Retained Earning BOY-$739,252RetainedEarningBOYAmt
Retained Earning EOY-$832,882RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$999,848TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$906,218TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$999,848TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$906,218TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$999,848TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$93,630ExcessRevenueOverExpensesAmt
Subtotal$906,218SubtotalAmt
Tot Net Ast Or Fund Balances EOY$906,218TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$249,269AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$2,081,756NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.11974DistributionYr1Rt
Adjusted Qlfy Distri Yr2$70,865AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,841,375NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.03849DistributionYr2Rt
Adjusted Qlfy Distri Yr3$102,916AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$1,785,395NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.05764DistributionYr3Rt
Adjusted Qlfy Distri Yr4$46,451AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,843,036NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.02520DistributionYr4Rt
Adjusted Qlfy Distri Yr5$128,972AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$2,057,407NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.06269DistributionYr5Rt
Total Distribution0.303759TotalDistributionRt
Average Distribution0.060752AverageDistributionRt
Net Vl Noncharitable Assets$2,671,742NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$162,314AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$1NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$162,315AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$93,703QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1InvestmentIncomeExciseTaxAmt
Subtotal$1SubtotalAmt
Tax Based On Investment Income$1TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$4,800EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$4,800TotalPaymentsAndCreditsAmt
Overpayment$4,799OverpaymentAmt
Applied To ES Tax$4,799AppliedToESTaxAmt

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
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Allan Hamm HobbsBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9418705592PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1720 N Collier Blvd Unit 501AddressLine1Txt
CityMarco IslandCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34145ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Allen Hamm Hobbs
720 N Collier Blvd Unit 501Marco IslandFL34145Trustee2.00$0
Deborah Hobbs
720 N Collier Blvd Unit 501Marco IslandFL34145Trustee2.00$0
Allen Hobbs Jr
11 Savannah CourtBethesdaMD20817Trustee2.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,658,399AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$54,029AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,712,428TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,712,428AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$40,686CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,671,742NetVlNoncharitableAssetsAmt
Minimum Investment Return$133,587MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$133,587MinimumInvestmentReturnAmt
Tax Based On Investment Income$1TaxBasedOnInvestmentIncomeAmt
Total Tax$1TotalTaxAmt
Distributable Before Adj$133,586DistributableBeforeAdjAmt
Distributable Before Ded$133,586DistributableBeforeDedAmt
Distributable As Adjusted$133,586DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$93,703ExpensesAndContributionsAmt
Qualifying Distributions$93,703QualifyingDistributionsAmt
Adjusted Qualifying Distri$93,703AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$133,586DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$121,271ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$121,271TotalExcessDistributionCyovAmt
Qualifying Distributions$93,703QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$93,703AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$39,883ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$39,883ExcessDistributionCyovAppCYAmt
Total Corpus$81,388TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$81,388ExcessDistriCyovToNextYrAmt
Excess From Year1$81,388ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerAllen Hamm HobbsContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Landon High School
6101 Wilson LaneBethesdaMD20817NonePCEducation Advancement$10,000
National Lutheran Home Village
2301 Research BlvdRockvilleMD20850NonePCElderly Support$5,000
Marco Island Academy
1450 Winterberry DrMarco IslandFL34145NonePCEducation Advancement$11,500
Red Cross
2610 North Brooke Plaza DrNaplesFL34119NonePCDisaster Relief$5,000
Rensselaer Polytechnic Institute
PO Box 3164BostonMA02241NonePCEducation Advancement$5,000
Catholic Charities
4848 Cordell AveBethesdaMD20814NonePCServe the poor and needy$5,000
Wounded Warriors
4899 Belfort Rd Ste 300JacksonvilleFL32256NonePCWounded Warriors Support$5,000
Fairfield University
1073 North Benson RoadFairfieldCT06824NonePCEducation Advancement$500
Zeta Phi Education Foundation
15 South Henry StPearl RiverNY10965NonePCForge Academic Excellence$25,000
Naples Community Sailing Center
1100 9th Street SouthNaplesFL34102NonePCCommunity Development$5,000
American Cancer Society
583 Tallwood Court Ste 101Marco IslandFL34145PCCancer Research$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$79,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion3ExclusionCd
Exclusion$73ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$73ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$73TotalIncomeProducingActyAmt

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)
CategoryAccounting FeesCategoryTxt
Amt$4,120Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$4,120DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
15,000 Shares of Ebay, Inc.$179,813$495,300
23,000 Shares of Paypal Holdings Inc.$272,137$2,020,320

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or Item17,000 IShares Silver Trust Index FundCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$443,700BookValueAmt
EOYFMV$233,410EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBank ChargesDesc
Revenue And Expenses Per Books$15RevenueAndExpensesPerBooksAmt
Disbursements Charitable Prps$15DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFederal Income TaxesCategoryTxt
Amt$9,460Amt
Disbursements Charitable Prps$9,460DisbursementsCharitablePrpsAmt

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