HOBBS CHARITABLE FOUNDATION: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
HOBBS CHARITABLE FOUNDATION (EIN 45-4067573)
Tax period
2013-10-01 to 2014-09-30
Filed
2015-02-17
IRS object ID
201510489349100206
Schema version
2013v4.0
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)
Return2015-02-17T12:42:10-08:00ReturnTs
Tax Period End2014-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Gualario Licht & Andrews PABusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1791 Tenth Street S 302AddressLine1
CityNaplesCity
StateFLState
ZIP Code34102ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN454067573EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Hobbs Charitable FoundationBusinessNameLine1
Business Name Line2UA DTD 12162011BusinessNameLine2
FieldValueIRS element (for citing)
Business Name ControlHOBBBusinessNameControlTxt
Phone9418705592PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1720 N Collier Blvd Unit 501AddressLine1
CityMarco IslandCity
StateFLState
ZIP Code34145ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAllen HobbsPersonNm
Person TitleTrusteePersonTitleTxt
Signature2015-02-17SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMichael A LichtPreparerPersonNm
PTINP00275534PTIN
Phone2392624513PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,727,590FMVAssetsEOYAmt
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$14InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$14InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$14InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$14TotalRevAndExpnssAmt
Total Net Invst Incm$14TotalNetInvstIncmAmt
Total Adj Net Incm$14TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$490LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$490LegalFeesDsbrsChrtblAmt
Taxes Rev And Expnss-$1,200TaxesRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$861TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$861TravConfMeetingDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$151TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,351TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$45,100ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$45,100ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$45,251TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$46,451TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$45,237ExcessRevenueOverExpensesAmt
Net Investment Income$14NetInvestmentIncomeAmt
Adjusted Net Income$14AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$170,572CashBOYAmt
Cash EOY$125,335CashEOYAmt
Corporate Stock BOY$692,990CorporateStockBOYAmt
Corporate Stock EOY$692,990CorporateStockEOYAmt
Corporate Stock EOYFMV$1,302,490CorporateStockEOYFMVAmt
Other Investments BOY$678,600OtherInvestmentsBOYAmt
Other Investments EOY$678,600OtherInvestmentsEOYAmt
Other Investments EOYFMV$425,100OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,542,162TotalAssetsBOYAmt
Total Assets EOY$1,496,925TotalAssetsEOYAmt
Total Assets EOYFMV$1,727,590TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$1,542,162CapitalStockBOYAmt
Capital Stock EOY$1,496,925CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,542,162TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,496,925TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,542,162TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,496,925TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,542,162TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$45,237ExcessRevenueOverExpensesAmt
Subtotal$1,496,925SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,496,925TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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 HobbsBusinessNameLine1
FieldValueIRS element (for citing)
Phone9418705592PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1720 N Collier Blvd Unit 501AddressLine1
CityMarco IslandCity
StateFLState
ZIP Code34145ZIPCode
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/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage 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$1,731,006AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$140,096AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,871,102TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,871,102AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$28,067CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,843,035NetVlNoncharitableAssetsAmt
Minimum Investment Return$92,152MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$92,152MinimumInvestmentReturnAmt
Distributable Before Adj$92,152DistributableBeforeAdjAmt
Distributable Before Ded$92,152DistributableBeforeDedAmt
Distributable As Adjusted$92,152DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$46,451ExpensesAndContributionsAmt
Qualifying Distributions$46,451QualifyingDistributionsAmt
Adjusted Qualifying Distri$46,451AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$92,152DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$22,465ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$22,465TotalExcessDistributionCyovAmt
Qualifying Distributions$46,451QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$46,451AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$22,465ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$22,465ExcessDistributionCyovAppCYAmt
Undistributed Income CY$23,236UndistributedIncomeCYAmt

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/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Landon High School
6101 Wilson LaneBethesdaMD20817NoneEducation Advancement$5,000
National Lutheran Home Village
2301 Research BlvdRockvilleMD20850NoneElderly Support$3,000
Marco Island Academy
1450 Winterberry DrMarco IslandFL34145NoneEducation Advancement$750
Catholic Charities
4848 Cordell AveBethesdaMD20814NoneServe the poor and needy$3,000
Wounded Warriors
4899 Belfort Rd Ste 300JacksonvilleFL32256NoneWounded Warriors Support$4,000
Fairfield University
1073 North Benson RoadFairfieldCT06824NoneEducation Advancement$1,250
Coast Guard Foundation
394 Taugwonk RoadStoningtonCT06378NoneEducation Advancement$500
Boys Scouts of America
1801 Boy Scout DriveFort MyersFL33907NoneYouth Development$2,500
The Breast Cancer Society
6859 East Rembrandt Ave Ste 128MesaAZ85212NoneRelief for Cancer Victims$100
Zeta Psi Education Foundation
15 South Henry StPearl RiverNY10965NoneForge Academic Excellence$25,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$45,100TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion3ExclusionCd
Exclusion$14ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$14ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$14TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
Stock23,000 Shares of Ebay, Inc.StockNm
EOY Book Value$692,990EOYBookValueAmt
EOYFMV$1,302,490EOYFMVAmt

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$678,600BookValueAmt
EOYFMV$425,100EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLegal FeesCategoryTxt
Legal Fees$490LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$490DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIRS RefundCategoryTxt
Amt$1,200Amt

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