JAMES W HOOD FAMILY FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- JAMES W HOOD FAMILY FOUNDATION (EIN 20-2640916)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2023-02-09
- IRS object ID
- 202320409349100507
- Schema version
- 2021v4.2
- 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
- Depreciation Schedule
- Distribution From Corpus Election
- Investments Other Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Notes Loans Rcvbl Long Sch
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-02-09T09:20:43-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
| Disaster Relief | EM-3582-MS | DisasterReliefTxt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FORVIS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1400 Meadowbrook Road Suite 300 | AddressLine1Txt |
| City | Jackson | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 392116349 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 202640916 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | James W Hood Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % JAMES W HOOD | InCareOfNm |
| Business Name Control | JAME | BusinessNameControlTxt |
| Phone | 6019823730 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 4931 | AddressLine1Txt |
| City | Jackson | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39296 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES W HOOD | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6015408600 | PhoneNum |
| Signature | 2023-02-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JAMES W | PersonFirstNm |
| Person Last | HOOD | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Peyton L Parks CPA | PreparerPersonNm |
| PTIN | P01850908 | PTIN |
| Phone | 6019486700 | PhoneNum |
| Preparation | 2023-02-15 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-03-07 01:45:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $19,692,056 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $102,332 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $102,332 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $275,859 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $275,859 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $346,961 | GrossRentsRevAndExpnssAmt |
| Net Rental Income Or Loss | $283,539 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $671,896 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,970,581 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $671,896 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$1,866 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$1,866 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,395,182 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,048,221 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $27 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $27 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $6,611 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $60,722 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $60,722 | OtherProfFeesNetInvstIncmAmt |
| Interest Rev And Expnss | $21,778 | InterestRevAndExpnssAmt |
| Interest Dsbrs Chrtbl | $21,778 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $6,912 | TaxesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $21,705 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $38,589 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $19,939 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $156,344 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $60,722 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $41,744 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $651,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $401,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $807,344 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $60,722 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $442,744 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $587,838 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $987,499 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $618,778 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $548,615 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $548,615 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $4,328,840 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $4,328,840 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $4,328,840 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $4,328,840 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Corporate Stock BOY | $11,790,175 | CorporateStockBOYAmt |
| Corporate Stock EOY | $12,850,072 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $12,850,072 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $1,012,432 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $507,601 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $507,601 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $1,661,849 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $204,921 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $642,673 | LandBOYAmt |
| Land EOY | $1,456,928 | LandEOYAmt |
| Land EOYFMV | $1,456,928 | LandEOYFMVAmt |
| Total Assets BOY | $18,392,898 | TotalAssetsBOYAmt |
| Total Assets EOY | $19,692,056 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $19,692,056 | TotalAssetsEOYFMVAmt |
| Mortgages And Notes Payable BOY | $1,610,529 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $1,585,529 | MortgagesAndNotesPayableEOYAmt |
| Total Liabilities BOY | $1,610,529 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,585,529 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $16,782,369 | RetainedEarningBOYAmt |
| Retained Earning EOY | $18,106,527 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $16,782,369 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $18,106,527 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $18,392,898 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $19,692,056 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $16,782,369 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $587,838 | ExcessRevenueOverExpensesAmt |
| Other Increases | $974,415 | OtherIncreasesAmt |
| Subtotal | $18,344,622 | SubtotalAmt |
| Other Decreases | $238,095 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $18,106,527 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|---|
| LPL SHORT TERM GAIN | 2021-06-30 | 2021-12-31 | $2,022,537 | $1,907,966 | $114,571 | $114,571 | |
| LPL LONG TERM GAIN | 2020-01-01 | 2021-12-31 | $2,856,823 | $2,390,719 | $466,104 | $466,104 | |
| CAPITAL GAIN DIVIDENDS | $87,424 | P | |||||
| CAPITAL GAIN DIVIDENDS | $87,424 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $671,896 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $13,726 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $13,726 | SubtotalAmt |
| Tax Based On Investment Income | $13,726 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $10,400 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $7,500 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $17,900 | TotalPaymentsAndCreditsAmt |
| Overpayment | $4,174 | OverpaymentAmt |
| Applied To ES Tax | $4,174 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MS | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (true) | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JAMES W HOOD | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6015408600 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 4931 | AddressLine1Txt |
| City | JACKSON | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39296 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| James W Hood | ||||||||
| PO Box 4931 | Jackson | MS | 39296 | President | 2.0 | $0 | $0 | $0 |
| Paula J Hood | ||||||||
| PO Box 4931 | Jackson | MS | 39296 | Director | 0.0 | $0 | $0 | $0 |
| J Wilson Hood Jr | ||||||||
| 3100 Old Canton Road Ste 200 | Jackson | MS | 39216 | Secretary | 2.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | BUILDING AND LAND IMPROVEMENTS - SEE FOOTNOTE | Description1Txt |
| Expenses1 | $835,960 | Expenses1Amt |
| Total | $835,960 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $12,360,175 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $183,363 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $4,844,809 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $17,388,347 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $1,585,529 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $15,802,818 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $237,042 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $15,565,776 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $778,289 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $778,289 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $13,726 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $13,726 | TotalTaxAmt |
| Distributable Before Adj | $764,563 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $764,563 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $764,563 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $442,744 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $835,960 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,278,704 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $764,563 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2019 | PriorYear1Yr |
| Prior Year2 | 2018 | PriorYear2Yr |
| Prior Year3 | 2017 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $623,395 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $275,298 | ExcessDistributionCyovYr4Amt |
| Total Excess Distribution Cyov | $898,693 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,278,704 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $764,563 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $514,141 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,412,834 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $623,395 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov To Next Yr | $789,439 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $275,298 | ExcessFromYear4Amt |
| Excess From Current Year | $514,141 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JAMES W HOOD | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | James W Hood | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 4931 | AddressLine1Txt |
| City | JACKSON | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39296 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 6015408600 | RecipientPhoneNum |
| Form And Info And Materials | NO SPECIFIC FORM IS REQUIRED | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | NONE | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| Belhaven University | ||||||||
| 1500 PEACHTREE STREET | JACKSON | MS | 39202 | NONE | PC | TO PROVIDE EDUCATION OPPORTUNITIES AND SUPPORT | $300,000 | |
| Reformed University Fellowship | ||||||||
| 1700 N Brown Road Suite 104 | Lawrenceville | GA | 30043 | NONE | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $15,000 | |
| Mission to the World | ||||||||
| PO BOX 744165 | ATLANTA | GA | 303744165 | none | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $10,000 | |
| Community Foundation for Mississippi | ||||||||
| 119 S President St | Jackson | MS | 39201 | none | PC | to support purposes of the organization | $2,500 | 1st Floor |
| Fellowship of Christian Athletes | ||||||||
| 323 US-51 | RIDGELAND | MS | 39157 | NONE | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $5,000 | |
| Stewpot Community Services | ||||||||
| 1100 W Capitol Street | JACKSON | MS | 39203 | NONE | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $2,000 | |
| CRU | ||||||||
| 100 LAKE HART DRIVE | ORLANDO | FL | 32832 | NONE | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $2,000 | |
| Trans World Radio | ||||||||
| 300 GREGSON DR | CARY | NC | 27511 | NONE | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $2,000 | |
| University of Mississippi Foundation | ||||||||
| 406 University Avenue | Oxford | MS | 38655 | NONE | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $10,000 | |
| Sigma Chi Foundation | ||||||||
| 1714 Hinman Avenue | Evanston | IL | 60201 | NONE | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $50,000 | |
| Mission First | ||||||||
| 275 Roseneath Ave | Jackson | MS | 39203 | NONE | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $2,500 | |
| Warren A Hood Jr Family Foundation | ||||||||
| 1978 HOOD BLVD SUITE 300 | HATTIESBURG | MS | 39401 | NONE | PF | TO SUPPORT PURPOSES OF THE ORGANIZATION | $250,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $651,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $102,332 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $275,859 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $283,539 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $671,896 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | -$1,866 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,048,221 | ExclusionAmt |
| Related Or Exempt Function Incm | $283,539 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,331,760 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 5 | LineNumberTxt |
| Relationship Statement | THE RENTAL INCOME OF $283,539 WAS RECEIVED FROM ENTITIES PROVIDING EDUCATION, SPORTS PROGRAMS FOR YOUTH, EVANGELICAL MINISTRIES, AND OTHER SUCH SERVICES IN LINE WITH THE PURPOSE OF THE FOUNDATION. THUS, THE RENTAL INCOME FROM THESE ACTIVITIES FURTHERS THE EXEMPT PURPOSES OF THE FOUNDATION. | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $6,611 | Amt |
Depreciation Schedule DepreciationSchedule
Distribution From Corpus Election DistributionFromCorpusElection
| Field | Value | IRS element (for citing) |
|---|---|---|
| Election | THE TAXPAYER IS MAKING THE ELECTION UNDER REGULATION SECTION 53.4942(A)-3(C)(2) TO APPLY EXCESS DISTRIBUTIONS FROM PRIOR YEARS. | ElectionDesc |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| 4165 EASTOVER DRIVE | FMV | $0 | $0 |
| RECEIVABLES | FMV | $0 | $0 |
| LIVE OAK INVESTMENT FUND I | FMV | $27,855 | $27,855 |
| WHITE SANDS PHARMA, LLC | FMV | $229,746 | $229,746 |
| CONTRACT RECEIVABLE - GRITS | FMV | $250,000 | $250,000 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $27 | LegalFeesAmt |
| Disbursements Charitable Prps | $27 | DisbursementsCharitablePrpsAmt |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
Note Payable NotePayableGrp
Lender Name LenderNameGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TRISTATE CAPITAL BANK | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Loan Original | $2,312,581 | LoanOriginalAmt |
| Balance Due | $1,585,529 | BalanceDueAmt |
| Note | 2016-11 | NoteDt |
| Interest | 1.54 | InterestRt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED LOSS ON DONATION OF ASSETS | $150,000 |
| LOSS ON WORTHLESS RECEIVABLE | $88,095 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| BANK SERVICE FEES | $30 | $10 |
| INSURANCE | $2,417 | $2,417 |
| REPAIRS & MAINTENANCE | $29,142 | $10,512 |
| MISCELLANEOUS EXPENSE | $4,100 | $4,100 |
| YARD & GROUND MAINTENANCE | $2,900 | $2,900 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| LIVE OAK INVESTMENT FUND I | -$200 | -$200 |
| WHITE SANDS PHARMA, LLC | -$1,666 | -$1,666 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN/LOSS ON SECURITIES | Desc |
| Amt | $974,415 | Amt |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp
Borrower Name BorrowerNameGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FBC INVESTMENT FUND 20 LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Loan Original | $4,328,840 | LoanOriginalAmt |
| Balance Due | $4,328,840 | BalanceDueAmt |
| Interest | 0 | InterestRt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| INVESTMENT FEES - JPM #6004 | $3,074 | $3,074 |
| INVESTMENT FEES - LPL | $57,648 | $57,648 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | OTHER TAXES | CategoryTxt |
| Amt | $6,912 | Amt |