HOBBS CHARITABLE FOUNDATION: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- HOBBS CHARITABLE FOUNDATION (EIN 45-4067573)
- Tax period
- 2012-10-01 to 2013-09-30
- Filed
- 2014-05-19
- IRS object ID
- 201401399349100400
- Schema version
- 2012v2.0
- 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
- Form 990-PF
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-19T06:23:42-07:00 | Timestamp |
| Tax Period End Date | 2013-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Gualario Licht & Andrews PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 791 Tenth Street S 302 | AddressLine1 |
| City | Naples | City |
| State | FL | State |
| ZIP Code | 34102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2012-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 454067573 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Hobbs Charitable Foundation | BusinessNameLine1 |
| Business Name Line2 | UA DTD 12162011 | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | HOBB | NameControl |
| Phone | 9418705592 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 720 N Collier Blvd Unit 501 | AddressLine1 |
| City | Marco Island | City |
| State | FL | State |
| ZIP Code | 34145 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Allen Hobbs | Name |
| Title | Trustee | Title |
| Date Signed | 2014-05-15 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Michael A Licht | Name |
| PTIN | P00275534 | PTIN |
| Phone | 2392624513 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-12-30 17:16:21Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 1997257 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Interest On Savings Rev And Expnss | 21 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 21 | InterestOnSavingsNetInvstIncm |
| Interest On Savings Adj Net Incm | 21 | InterestOnSavingsAdjNetIncm |
| Total Revenue And Expenses | 21 | TotalRevenueAndExpenses |
| Total Net Investment Income | 21 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 21 | TotalAdjustedNetIncome |
| Legal Fees Rev And Expnss | 9676 | LegalFeesRevAndExpnss |
| Legal Fees Dsbrs Chrtbl Prps | 9676 | LegalFeesDsbrsChrtblPrps |
| Taxes Rev And Expnss | 8224 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 8224 | TaxesNetInvstIncm |
| Trav Conf Meeting Rev And Expnss | 1746 | TravConfMeetingRevAndExpnss |
| Trav Conf Meeting Dsbrs Chrtbl Prps | 1746 | TravConfMeetingDsbrsChrtblPrps |
| Other Expenses Rev And Expnss | 850 | OtherExpensesRevAndExpnss |
| Other Expenses Dsbrs Chrtbl Prps | 850 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 20496 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 8224 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 12272 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 116700 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 116700 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 137196 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 8224 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 128972 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -137175 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 21 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 307747 | CashBOY |
| Cash EOY | 170572 | CashEOY |
| Cash EOYFMV | 170572 | CashEOYFMV |
| Investments Corp Stock BOY | 692990 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 692990 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 1283285 | InvestmentsCorpStockEOYFMV |
| Investments Other BOY | 678600 | InvestmentsOtherBOY |
| Investments Other EOY | 678600 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 543400 | InvestmentsOtherEOYFMV |
| Total Assets BOY | 1679337 | TotalAssetsBOY |
| Total Assets EOY | 1542162 | TotalAssetsEOY |
| Total Assets EOYFMV | 1997257 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Capital Stock BOY | 1679337 | CapitalStockBOY |
| Capital Stock EOY | 1542162 | CapitalStockEOY |
| Total Net Assets BOY | 1679337 | TotalNetAssetsBOY |
| Total Net Assets EOY | 1542162 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 1679337 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 1542162 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 1679337 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -137175 | ExcessOfRevenueOverExpenses |
| Subtotal | 1542162 | Subtotal |
| Total Net Assets Fund Balances EOY | 1542162 | TotalNetAssetsFundBalancesEOY |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 0 | InvestmentIncomeExciseTax |
| Est Tax Payments And Overpayment | 4800 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 4800 | TotalCreditsAndPayments |
| Overpayment | 4800 | Overpayment |
| Amount To Be Refunded | 4800 | AmountToBeRefunded |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Form990 T Filed | false | Form990TFiled |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | false | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | FL | StatesFiledWith |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Allan Hamm Hobbs | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 9418705592 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 720 N Collier Blvd Unit 501 | AddressLine1 |
| City | Marco Island | City |
| State | FL | State |
| ZIP Code | 34145 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | false | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Acts Fail To Qualify As Exceptions | false | ActsFailToQualifyAsExceptions |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Undistr Income4942a2 Not Applied | false | UndistrIncome4942a2NotApplied |
| Business Holdings | false | BusinessHoldings |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Tr Fail To Qualify As Exceptions | false | TrFailToQualifyAsExceptions |
| Maint Expend Responsibility | false | MaintExpendResponsibility |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
| Proceeds Or Net Income | false | ProceedsOrNetIncome |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| Allen Hobbs Jr | ||||||
| 11 Savannah Court | Bethesda | MD | 20817 | Trustee | 2.00 | 0 |
| Deborah Hobbs | ||||||
| 720 N Collier Blvd Unit 501 | Marco Island | FL | 34145 | Trustee | 2.00 | 0 |
| Allen Hamm Hobbs | ||||||
| 720 N Collier Blvd Unit 501 | Marco Island | FL | 34145 | Trustee | 2.00 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 1879766 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 208972 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 2088738 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 2088738 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 31331 | CashDeemedCharitable |
| Net Noncharitable Assets | 2057407 | NetNoncharitableAssets |
| Minimum Investment Return | 102870 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 102870 | MinimumInvestmentReturn |
| Distributable Amount Before Adj | 102870 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 102870 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 102870 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 128972 | ExpensesAndContributions |
| Qualifying Distributions | 128972 | QualifyingDistributions |
| Adj Qualifying Distributions | 128972 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 102870 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 3637 | UndistributedIncomePriorYear |
| Qualifying Distributions | 128972 | QualifyingDistributions |
| Applied To Year1 | 3637 | AppliedToYear1 |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 102870 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 22465 | RemainingDistriFromCorpus |
| Total Corpus | 22465 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 22465 | ExcessDistriCyovToNextYear |
| Excess From Current Year | 22465 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Allen Hamm Hobbs | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (9 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|
| Campaign for Liberty | ||||||
| 5211 Port Royal Road Ste 310 | Springfield | VA | 22151 | None | Education Advancement | $2,500 |
| Coast Guard Foundation | ||||||
| 394 Taugwonk Road | Stonington | CT | 06378 | None | Education Advancement | $500 |
| Long Island Royals Youth Hockey Clu | ||||||
| 270 Indian Head Rd | Kings Park | NY | 11754 | None | Community Youth Program | $1,000 |
| Fairfield University | ||||||
| 1073 North Benson Road | Fairfield | CT | 06824 | None | Education Advancement | $1,000 |
| SWFL Council | ||||||
| 1801 Boy Scout Drive | Fort Myers | FL | 33907 | None | Community Youth Programs | $2,500 |
| Revlon Walk NY | ||||||
| 1201 W 5th St Ste T-700 | Los Angeles | CA | 90017 | None | Cancer Research | $250 |
| Rensselaer Polytechnic Institute | ||||||
| PO Box 3164 | Boston | MA | 02241 | None | Education Advancement | $3,000 |
| Marco Island Academy | ||||||
| 1450 Winterberry Dr | Marco Island | FL | 34145 | None | Education Advancement | $100,950 |
| Landon High School | ||||||
| 6101 Wilson Lane | Bethesda | MD | 20817 | None | Education Advancement | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 116700 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 3 | ExclusionCode |
| Exclusion | $21 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $21 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 21 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Stock | 23,000 Shares of Ebay, Inc. | NameOfStock |
| EOY Book Value | 692990 | EOYBookValue |
| EOYFMV | 1283285 | EOYFMV |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | 26,000 IShares Silver Trust Index Fund | CategoryOrItem |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMV |
| Book Value | 678600 | BookValue |
| EOYFMV | 543400 | EOYFMV |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | Category |
| Amount | $9,676 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 9676 | DisbursementsCharitablePrps |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | User Fee | Description |
| Revenue And Expenses Per Books | 850 | RevenueAndExpensesPerBooks |
| Disbursements Charitable Prps | 850 | DisbursementsCharitablePrps |
Taxes Schedule TaxesSchedule
Taxes Taxes (3 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| IRS-2012 Estimated Tax Payments | $4,800 | 4800 |
| IRS-2011 Tax on Investment Income | $4,563 | 4563 |
| IRS Refund | $1,139 | -1139 |
Comments