HOBBS CHARITABLE FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
HOBBS CHARITABLE FOUNDATION (EIN 45-4067573)
Tax period
2016-10-01 to 2017-09-30
Filed
2019-02-28
IRS object ID
201940599349100704
Schema version
2016v3.0
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)
Return2019-02-28T08:29:39-08:00ReturnTs
Tax Period End2017-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

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 Begin2016-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN454067573EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Hobbs Charitable FoundationBusinessNameLine1Txt
Business Name Line220151015BusinessNameLine2Txt
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
Signature2019-02-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMichael A LichtPreparerPersonNm
PTINP00275534PTIN
Phone2392624513PhoneNum
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,421,369FMVAssetsEOYAmt
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$49InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$49InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$49InterestOnSavingsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$223,003NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$267,773GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$223,003CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$223,052TotalRevAndExpnssAmt
Total Net Invst Incm$223,052TotalNetInvstIncmAmt
Total Adj Net Incm$49TotalAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$0TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$251,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$251,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$251,500TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$251,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$28,448ExcessRevenueOverExpensesAmt
Net Investment Income$223,052NetInvestmentIncomeAmt
Adjusted Net Income$49AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$76,183SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$92,405SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$92,406SavAndTempCashInvstEOYFMVAmt
Pledges Rcvbl$11,793PledgesRcvblAmt
Pledges Rcvbl BOY$11,693PledgesRcvblBOYAmt
Pledges Rcvbl EOY$11,793PledgesRcvblEOYAmt
Pledges Rcvbl EOYFMV$11,793PledgesRcvblEOYFMVAmt
Corporate Stock BOY$692,990CorporateStockBOYAmt
Corporate Stock EOY$451,950CorporateStockEOYAmt
Corporate Stock EOYFMV$2,049,590CorporateStockEOYFMVAmt
Other Investments BOY$443,700OtherInvestmentsBOYAmt
Other Investments EOY$443,700OtherInvestmentsEOYAmt
Other Investments EOYFMV$267,580OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,224,566TotalAssetsBOYAmt
Total Assets EOY$999,848TotalAssetsEOYAmt
Total Assets EOYFMV$2,421,369TotalAssetsEOYFMVAmt
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-$514,534RetainedEarningBOYAmt
Retained Earning EOY-$739,252RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,224,566TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$999,848TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,224,566TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$999,848TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,224,566TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$28,448ExcessRevenueOverExpensesAmt
Subtotal$1,196,118SubtotalAmt
Other Decreases$196,270OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$999,848TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property8,000 Shares EBAYPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2008-11-06AcquiredDt
Sold2017-05-04SoldDt
Gross Sales Price$267,773GrossSalesPriceAmt
Cost Or Other Basis$44,770CostOrOtherBasisAmt
Gain Or Loss$223,003GainOrLossAmt
Gains Minus Excess Or Losses$223,003GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$223,003CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$4,461InvestmentIncomeExciseTaxAmt
Subtotal$4,461SubtotalAmt
Tax Based On Investment Income$4,461TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$6EsPenaltyAmt
Tax Due$4,467TaxDueAmt

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$2,023,155AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$90,303AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,113,458TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,113,458AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$31,702CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,081,756NetVlNoncharitableAssetsAmt
Minimum Investment Return$104,088MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$104,088MinimumInvestmentReturnAmt
Tax Based On Investment Income$4,461TaxBasedOnInvestmentIncomeAmt
Total Tax$4,461TotalTaxAmt
Distributable Before Adj$99,627DistributableBeforeAdjAmt
Distributable Before Ded$99,627DistributableBeforeDedAmt
Distributable As Adjusted$99,627DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$251,500ExpensesAndContributionsAmt
Qualifying Distributions$251,500QualifyingDistributionsAmt
Adjusted Qualifying Distri$251,500AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$99,627DistributableAsAdjustedAmt
Undistributed Income PY$30,602UndistributedIncomePYAmt
Qualifying Distributions$251,500QualifyingDistributionsAmt
Applied To Year1$30,602AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$99,627AppliedToCurrentYearAmt
Remaining Distri From Corpus$121,271RemainingDistriFromCorpusAmt
Total Corpus$121,271TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$121,271ExcessDistriCyovToNextYrAmt
Excess From Current Year$121,271ExcessFromCurrentYearAmt

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
Kidney Cancer Association
PO Box 803338ChicagoIL60680NonePCScientific Research$100,000
Landon High School
6101 Wilson LaneBethesdaMD20817NonePCEducation Advancement$8,000
National Lutheran Home Village
2301 Research BlvdRockvilleMD20850NonePCElderly Support$5,000
Marco Island Academy
1450 Winterberry DrMarco IslandFL34145NonePCEducation Advancement$4,500
Red Cross
2610 North Brooke Plaza DrNaplesFL34119NonePCDisaster Relief$5,000
Rensselaer Polytechnic Institute
PO Box 3164BostonMA02241NonePCEducation Advancement$4,000
Catholic Charities
4848 Cordell AveBethesdaMD20814NonePCServe the poor and needy$5,000
Wounded Warriors
4899 Belfort Rd Ste 300JacksonvilleFL32256NonePCWounded Warriors Support$5,000
Friends of National Institute of He
PO Box 34139BethesdaMD20827NonePCCancer Research$10,000
National Cancer Institute
9609 Medical Center DrBethesdaMD20892NonePCCancer Research$100,000
Marco Island Community Sailing Cent
PO Box 1472Marco IslandFL34146NonePCCommunity Development$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$251,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$49UnrelatedBusinessTaxblIncmAmt
Exclusion3ExclusionCd

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$223,003RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$49UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm$223,003RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$223,052TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
15,000 Shares of Ebay, Inc.$179,813$576,900
23,000 Shares of Paypal Holdings Inc.$272,137$1,472,690

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$267,580EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescUnrealized LossDesc
Amt$196,270Amt

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