THE JIM HICKS FAMILY FOUNDATION: Form 990PF, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- THE JIM HICKS FAMILY FOUNDATION (EIN 27-1357705)
- Tax period
- 2010-11-01 to 2011-10-31
- Filed
- 2012-03-15
- IRS object ID
- 201240759349100404
- Schema version
- 2010v3.2
- 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
- Form 990-PF
- Accounting Fees Schedule
- General Explanation Attachment
- Legal Fees Schedule
- Other Expenses Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-03-15T11:32:28-07:00 | Timestamp |
| Tax Period End Date | 2011-10-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Genske Mulder & Co LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4150 Concours Ste 250 | AddressLine1 |
| City | Ontario | City |
| State | CA | State |
| ZIP Code | 917645913 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2010-11-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 271357705 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE JIM HICKS FAMILY FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | JIMH | NameControl |
| Phone | 8006922690 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3013 PIETRO DRIVE | AddressLine1 |
| City | HACIENDA HEIGHTS | City |
| State | CA | State |
| ZIP Code | 91745 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JIM HICKS | Name |
| Title | President | Title |
| Date Signed | 2012-03-14 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRADFORD P CARR CPA | Name |
| Phone | 9094832100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 3129080 | 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 |
| Dividends Rev And Expnss | 83948 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 83948 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 83948 | DividendsAdjNetIncm |
| Net Gain Sale Assets Rev And Expnss | 19639 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 217283 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 19639 | CapitalGainNetIncmNetInvstIncm |
| Net STCG Adj Net Incm | 19639 | NetSTCGAdjNetIncm |
| Total Revenue And Expenses | 103587 | TotalRevenueAndExpenses |
| Total Net Investment Income | 103587 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 103587 | TotalAdjustedNetIncome |
| Legal Fees Rev And Expnss | 7924 | LegalFeesRevAndExpnss |
| Legal Fees Dsbrs Chrtbl Prps | 7924 | LegalFeesDsbrsChrtblPrps |
| Accounting Fees Rev And Expnss | 2650 | AccountingFeesRevAndExpnss |
| Accounting Fees Dsbrs Chrtbl Prps | 2650 | AccountingFeesDsbrsChrtblPrps |
| Interest Rev And Expnss | 12 | InterestRevAndExpnss |
| Interest Net Invst Incm | 12 | InterestNetInvstIncm |
| Deprec And Depletion Rev And Expnss | 0 | DeprecAndDepletionRevAndExpnss |
| Other Expenses Rev And Expnss | 1085 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 75 | OtherExpensesNetInvstIncm |
| Other Expenses Dsbrs Chrtbl Prps | 1010 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 11671 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 87 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 11584 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 49800 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 49800 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 61471 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 87 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 61384 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 42116 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 103500 | NetInvestmentIncome |
| Adjusted Net Income | 103587 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investments Corp Stock BOY | 2625901 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 2668017 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 3129080 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 2625901 | TotalAssetsBOY |
| Total Assets EOY | 2668017 | TotalAssetsEOY |
| Total Assets EOYFMV | 3129080 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 2625901 | RetainedEarningsBOY |
| Retained Earnings EOY | 2668017 | RetainedEarningsEOY |
| Total Net Assets BOY | 2625901 | TotalNetAssetsBOY |
| Total Net Assets EOY | 2668017 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 2625901 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 2668017 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 2625901 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 42116 | ExcessOfRevenueOverExpenses |
| Subtotal | 2668017 | Subtotal |
| Total Net Assets Fund Balances EOY | 2668017 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (2 entries)
| Description Of AssetDescriptionOfAsset | How AcquiredHowAcquired | Date AcquiredDateAcquired | Date SoldDateSold | Gross Sales PriceGrossSalesPrice | Cost Or Other BasisCostOrOtherBasis | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses |
|---|---|---|---|---|---|---|---|
| 1500 SHARES MORGAN STANLEY COMMON STOCK | D | 2010-04-23 | 2011-03-09 | 42660 | 47774 | -5114 | -5114 |
| 5200 SHARES LEGG MASON INC COMMON STOCK | D | 2010-07-08 | 2011-01-27 | 174623 | 149870 | 24753 | 24753 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 19639 | CapitalGainNetIncome |
| Net Short Term Capital Gain Or Loss | 19639 | NetShortTermCapitalGainOrLoss |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 10482 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 2147271 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.00488 | DistributionRatioYear1 |
| Total Distribution Ratio | 0.00488 | TotalDistributionRatio |
| Average Distribution Ratio | 0.00488 | AverageDistributionRatio |
| Net Noncharitable Assets | 3122755 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 15245 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 1035 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 16280 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 61384 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 1035 | InvestmentIncomeExciseTax |
| Subtotal | 1035 | Subtotal |
| Tax Based On Investment Income | 1035 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 5500 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 5500 | TotalCreditsAndPayments |
| Form2220 Attached | X | Form2220Attached |
| Penalty For Underpayment | 1 | PenaltyForUnderpayment |
| Overpayment | 4464 | Overpayment |
| Amount Credited To Next Year | 4464 | AmountCreditedToNextYear |
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 | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | CA | 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 | JIM HICKS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 8006922690 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 565 MERCURY LANE | AddressLine1 |
| City | BREA | City |
| State | CA | State |
| ZIP Code | 92821 | 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 | true | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Acts Fail To Qualify As Exceptions | true | 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 (5 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| JENNIFER E HICKS | ||||||
| 565 MERCURY LANE | BREA | CA | 92821 | BOARD MEMBER | 1.00 | 0 |
| GARY MILHOUS | ||||||
| 565 MERCURY LANE | BREA | CA | 92821 | BOARD MEMBER | 1.00 | 0 |
| WAYLAND R HICKS | ||||||
| 565 MERCURY LANE | BREA | CA | 92821 | BOARD MEMBER | 1.00 | 0 |
| GARY H EDELSTONE | ||||||
| 565 MERCURY LANE | BREA | CA | 92821 | Secretary | 2.00 | 0 |
| JIM HICKS | ||||||
| 565 MERCURY LANE | BREA | CA | 92821 | President | 10.00 | 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 | 3161542 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 8768 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 3170310 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 3170310 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 47555 | CashDeemedCharitable |
| Net Noncharitable Assets | 3122755 | NetNoncharitableAssets |
| Minimum Investment Return | 156138 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 156138 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 1035 | TaxBasedOnInvestmentIncome |
| Total Tax | 1035 | TotalTax |
| Distributable Amount Before Adj | 155103 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 155103 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 155103 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 61384 | ExpensesAndContributions |
| Qualifying Distributions | 61384 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 1035 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 60349 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 155103 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 47969 | UndistributedIncomePriorYear |
| Qualifying Distributions | 61384 | QualifyingDistributions |
| Applied To Year1 | 47969 | AppliedToYear1 |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 13415 | AppliedToCurrentYear |
| Undistributed Income CY | 141688 | UndistributedIncomeCY |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JIM HICKS | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (3 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| CA FOUNDATION FOR AGRICULTURE IN CL | |||||||
| 2300 RIVER PLAZA DRIVE | SACRAMENTO | CA | 95833 | N/A | PUBLIC | CHARITY | $25,000 |
| CAL POLY UNIVERSITY POMONA | |||||||
| 3801 WEST TEMPLE AVENUE | POMONA | CA | 91768 | N/A | PUBLIC | CHARITY | $16,800 |
| BOYS TOWN | |||||||
| 200 FLANAGAN BOULEVARD | BOYS TOWN | NE | 68010 | N/A | PUBLIC | CHARITY | $8,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 49800 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $83,948 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $19,639 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $103,587 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 103587 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX RETURN PREPARATION | Category |
| Amount | $2,650 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 2650 | DisbursementsCharitablePrps |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | STATEMENT 5FORM 990-PF, PART VII-B, QUESTION 1A(4)THE ORGANIZATION HAS REIMBURSED THE FOUNDER FOR ITS LEGAL EXPENSES INCURRED, WHICH IS ALLOWED UNDER IRC SECTION 4941(D)(2)(E) AND REG. 53.4941(D)-3(C)(1). | Explanation |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ATTORNEY FEES | Category |
| Amount | $7,924 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 7924 | DisbursementsCharitablePrps |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Disbursements Charitable PrpsDisbursementsCharitablePrps | Net Investment IncomeNetInvestmentIncome |
|---|---|---|---|
| FILING FEES | 160 | 160 | |
| EXEMPT STATUS APPLICATION | 850 | 850 | |
| ADR FEES | 75 | 75 |
Comments