HOBBS CHARITABLE FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
HOBBS CHARITABLE FOUNDATION (EIN 45-4067573)
Tax period
2015-10-01 to 2016-09-30
Filed
2017-10-12
IRS object ID
201712859349100301
Schema version
2015v3.0
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)
Return2017-10-12T05:38:02-07:00ReturnTs
Tax Period End2016-09-30TaxPeriodEndDt

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 Begin2015-10-01TaxPeriodBeginDt

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
Signature2017-10-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMichael A LichtPreparerPersonNm
PTINP00275534PTIN
Phone2392624513PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2018-03-14 21:41:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,978,583FMVAssetsEOYAmt
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$4InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$4InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$4InterestOnSavingsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$9,589NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$136,309GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$9,589CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$9,593TotalRevAndExpnssAmt
Total Net Invst Incm$9,593TotalNetInvstIncmAmt
Total Adj Net Incm$4TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,825AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,825AccountingFeesChrtblPrpsAmt
Trav Conf Meeting Rev And Expnss$2,887TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$2,887TravConfMeetingDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$4,712TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,712TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$66,153ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$66,153ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$70,865TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$70,865TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$61,272ExcessRevenueOverExpensesAmt
Net Investment Income$9,593NetInvestmentIncomeAmt
Adjusted Net Income$4AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$22,427SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$76,183SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$76,183SavAndTempCashInvstEOYFMVAmt
Pledges Rcvbl$11,693PledgesRcvblAmt
Pledges Rcvbl EOY$11,693PledgesRcvblEOYAmt
Corporate Stock BOY$692,990CorporateStockBOYAmt
Corporate Stock EOY$692,990CorporateStockEOYAmt
Corporate Stock EOYFMV$1,613,910CorporateStockEOYFMVAmt
Other Investments BOY$678,600OtherInvestmentsBOYAmt
Other Investments EOY$443,700OtherInvestmentsEOYAmt
Other Investments EOYFMV$288,490OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,394,017TotalAssetsBOYAmt
Total Assets EOY$1,224,566TotalAssetsEOYAmt
Total Assets EOYFMV$1,978,583TotalAssetsEOYFMVAmt
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-$345,083RetainedEarningBOYAmt
Retained Earning EOY-$514,534RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,394,017TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,224,566TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,394,017TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,224,566TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,394,017TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$61,272ExcessRevenueOverExpensesAmt
Subtotal$1,332,745SubtotalAmt
Other Decreases$108,179OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,224,566TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
3,000 Shrs. Ishares Silver TrustP2009-05-202016-03-28$43,345$42,240$1,105$1,105
6,000 Shrs. Ishares Silver TrustP2009-05-202016-05-27$92,964$84,480$8,484$8,484
FieldValueIRS element (for citing)
Capital Gain Net Income$9,589CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$192InvestmentIncomeExciseTaxAmt
Subtotal$192SubtotalAmt
Tax Based On Investment Income$192TaxBasedOnInvestmentIncomeAmt
Tax Due$192TaxDueAmt

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$1,831,990AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$37,426AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,869,416TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,869,416AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$28,041CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,841,375NetVlNoncharitableAssetsAmt
Minimum Investment Return$92,069MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$92,069MinimumInvestmentReturnAmt
Tax Based On Investment Income$192TaxBasedOnInvestmentIncomeAmt
Total Tax$192TotalTaxAmt
Distributable Before Adj$91,877DistributableBeforeAdjAmt
Distributable Before Ded$91,877DistributableBeforeDedAmt
Distributable As Adjusted$91,877DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$70,865ExpensesAndContributionsAmt
Qualifying Distributions$70,865QualifyingDistributionsAmt
Adjusted Qualifying Distri$70,865AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$91,877DistributableAsAdjustedAmt
Undistributed Income PY$9,590UndistributedIncomePYAmt
Qualifying Distributions$70,865QualifyingDistributionsAmt
Applied To Year1$9,590AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$61,275AppliedToCurrentYearAmt
Undistributed Income CY$30,602UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Landon High School
6101 Wilson LaneBethesdaMD20817NoneEducation Advancement$5,000
National Lutheran Home Village
2301 Research BlvdRockvilleMD20850NoneElderly Support$5,000
Marco Island Academy
1450 Winterberry DrMarco IslandFL34145NoneEducation Advancement$29,653
Red Cross
2610 North Brooke Plaza DrNaplesFL34119NoneDisaster Relief$5,000
Catholic Charities
4848 Cordell AveBethesdaMD20814NoneServe the poor and needy$5,000
Wounded Warriors
4899 Belfort Rd Ste 300JacksonvilleFL32256NoneWounded Warriors Support$5,000
SWFL Council
1801 Boy Scout DriveFort MyersFL33907NoneCommunity Youth Programs$5,000
Fairfield University
1073 North Benson RoadFairfieldCT06824NoneEducation Advancement$1,000
Education Foundation of Collier
3606 Enterprise Ave 150NaplesFL34104NoneFoster learning opportunities$500
Southwest Fl Community Foundation
8771 College Parkway Bldg 2 201Fort MyersFL33919NoneCommunity Development and better quality of life$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$66,153TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion3ExclusionCd
Exclusion$4ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$9,589RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$4ExclusionAmt
Related Or Exempt Function Incm$9,589RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$9,593TotalIncomeProducingActyAmt

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$1,825Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,825DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
23,000 Shares of Ebay, Inc.$420,853$655,730
23,000 Shares of Paypal Holdings Inc.$272,137$958,180

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or Item26,000 IShares Silver Trust Index FundCategoryOrItemTxt
Listed At Cost Or FMVFMVListedAtCostOrFMVCd
Book Value$443,700BookValueAmt
EOYFMV$288,490EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescUnrealized LossDesc
Amt$108,179Amt

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