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HOPE ELIZABETH FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
HOPE ELIZABETH FOUNDATION (EIN 75-2627591)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-06-07
IRS object ID
201841589349100804
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)
Return2018-06-07T10:53:58-07:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HATTER & ASSOCIATES LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11300 S UNIVERSITY DR STE 620AddressLine1Txt
CityFORT WORTHCityNm
State AbbreviationTXStateAbbreviationCd
ZIP761075766ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN752627591EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Hope Elizabeth FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHOPEBusinessNameControlTxt
Phone8175294009PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12016 Martin Luther King FwyAddressLine1Txt
CityFort WorthCityNm
State AbbreviationTXStateAbbreviationCd
ZIP761046303ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOHN PASTUSEKPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone8175294009PhoneNum
Signature2018-06-05SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWALTER D HATTERPreparerPersonNm
PTINP00168769PTIN
Phone8173359258PhoneNum
Preparation2018-06-07PreparationDt
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,653,874FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,179,450ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1,688InterestOnSavRevAndExpnssAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$1,181,138TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,300AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$4,605OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$4,605OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$592TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$592TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$4,890DeprecAndDpltnRevAndExpnssAmt
Occupancy Rev And Expnss$44,242OccupancyRevAndExpnssAmt
Occupancy Dsbrs Chrtbl$44,242OccupancyDsbrsChrtblAmt
Other Expenses Rev And Expnss$7,515OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$2,920OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$63,144TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$52,359TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$63,144TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$52,359TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,117,994ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$347,561SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$838,988SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$838,988SavAndTempCashInvstEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$1,738,382LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$6,969LandBldgEquipAccumDeprecAmt
Land BOY$1,717,156LandBOYAmt
Land EOY$1,731,413LandEOYAmt
Land EOYFMV$1,731,413LandEOYFMVAmt
Other Assets BOY$613OtherAssetsBOYAmt
Other Assets EOY$83,473OtherAssetsEOYAmt
Other Assets EOYFMV$83,473OtherAssetsEOYFMVAmt
Total Assets BOY$2,065,330TotalAssetsBOYAmt
Total Assets EOY$2,653,874TotalAssetsEOYAmt
Total Assets EOYFMV$2,653,874TotalAssetsEOYFMVAmt
Loans From Officers BOY$704,450LoansFromOfficersBOYAmt
Loans From Officers EOY$175,000LoansFromOfficersEOYAmt
Total Liabilities BOY$704,450TotalLiabilitiesBOYAmt
Total Liabilities EOY$175,000TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$1,360,880UnrestrictedBOYAmt
Unrestricted EOY$2,478,874UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,360,880TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,478,874TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,065,330TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,653,874TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,360,880TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,117,994ExcessRevenueOverExpensesAmt
Subtotal$2,478,874SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,478,874TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Adjusted Qlfy Distri Yr1$1,748,014AdjustedQlfyDistriYr1Amt
Distribution Yr10.000000DistributionYr1Rt
Adjusted Qlfy Distri Yr2$24,723AdjustedQlfyDistriYr2Amt
Distribution Yr20.000000DistributionYr2Rt
Adjusted Qlfy Distri Yr3$27,797AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$487,203NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.057054DistributionYr3Rt
Distribution Yr40.000000DistributionYr4Rt
Adjusted Qlfy Distri Yr5$2,800AdjustedQlfyDistriYr5Amt
Distribution Yr50.000000DistributionYr5Rt
Total Distribution0.057054TotalDistributionRt
Average Distribution0.011411AverageDistributionRt
Net Vl Noncharitable Assets$2,156,714NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$24,610AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$24,610AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$154,366QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksTIFFANY STREBECKIndividualWithBooksNm
Phone8175294009PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12016 Martin Luther King FrwyAddressLine1Txt
CityFort WorthCityNm
State AbbreviationTXStateAbbreviationCd
ZIP761046303ZIPCd
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 PYfalseUndistributedIncomePYInd
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JOHN WESLEY PASTUSEK
2016 Martin Luther King FrwyFort WorthTX76104Chairman5.00$0$0$0
MICHAEL JOHN PASTUSEK
2016 Martin Luther King FrwyFort WorthTX76104Director2.00$0$0$0
ANNA LEIGH PASTUSEK
2016 Martin Luther King FrwyFort WorthTX76104Director2.00$0$0$0
KIMBERLY LEIGH PHELPS
2016 Martin Luther King FrwyFort WorthTX76104Director2.00$0$0$0
LISA KAY HILGEMEIER
2016 Martin Luther King FrwyFort WorthTX76104Director2.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$375,284AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$1,814,273FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,189,557TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,189,557AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$32,843CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,156,714NetVlNoncharitableAssetsAmt
Minimum Investment Return$107,836MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$107,836MinimumInvestmentReturnAmt
Distributable Before Adj$107,836DistributableBeforeAdjAmt
Distributable Before Ded$107,836DistributableBeforeDedAmt
Distributable As Adjusted$107,836DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$52,359ExpensesAndContributionsAmt
Charitable Assets Acquis Paid$102,007CharitableAssetsAcquisPaidAmt
Qualifying Distributions$154,366QualifyingDistributionsAmt
Adjusted Qualifying Distri$154,366AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$107,836DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$2,800ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$27,797ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$24,729ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,748,014ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,803,340TotalExcessDistributionCyovAmt
Qualifying Distributions$154,366QualifyingDistributionsAmt
Remaining Distri From Corpus$154,366RemainingDistriFromCorpusAmt
Total Corpus$1,957,706TotalCorpusAmt
Undistributed Income CY$107,836UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$2,800ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,954,906ExcessDistriCyovToNextYrAmt
Excess From Year3$27,797ExcessFromYear3Amt
Excess From Year2$24,729ExcessFromYear2Amt
Excess From Year1$1,748,014ExcessFromYear1Amt
Excess From Current Year$154,366ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonJOHN PASTUSEKRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12016 Martin Luther King FrwyAddressLine1Txt
CityFort WorthCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76104ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8175294009RecipientPhoneNum
Form And Info And MaterialsIN WRITINGFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsCHRISTIAN EDUCATIONRestrictionsOnAwardsTxt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,688RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,688RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,688TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number3LineNumberTxt
Relationship StatementInterest earned on funds set aside for qualified distributions.RelationshipStatementTxt

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 (4 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
MICHAEL PASTUSEK
15808 Bay Club DrArlingtonTX76013$250,000Yes (X)
JOHN PASTUSEK
22404 Medford Ct EastFort WorthTX76109$415,300Yes (X)
DAVID PASTUSEK
32413 Medford Ct EastFort WorthTX76109$414,150Yes (X)
MICHAEL PASTUSEK
42430 Winton Terrace WestFort WorthTX76109$350,000Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryHatter & Associates Tax Return prepCategoryTxt
Amt$1,300Amt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (3 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmt
Furniture & equipment$2,615$560$2,055
Land$1,659,840$1,659,840
Land improvements$75,927$6,409$69,518

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Unrealized gain on investment$613$613$613
Work in Progress$82,860$82,860

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Unrealized gain on investment$613$613$613
Work in Progress$82,860$82,860

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Unrealized gain on investment$613$613$613
Work in Progress$82,860$82,860

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Bank service charges$195
Other costs$2,920$2,920
Office supplies$3,919
Insurance D&O$481

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryOutback Rifle Training Rifle trainingCategoryTxt
Amt$4,605Amt
Disbursements Charitable Prps$4,605DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryProperty taxesCategoryTxt
Amt$592Amt
Disbursements Charitable Prps$592DisbursementsCharitablePrpsAmt

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