JAMES W HOOD FAMILY FOUNDATION: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- JAMES W HOOD FAMILY FOUNDATION (EIN 20-2640916)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-11-14
- IRS object ID
- 201813189349101511
- Schema version
- 2017v2.3
- 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
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Notes Loans Rcvbl Long Sch
- Other Professional Fees Schedule
- Taxes Schedule
- Transfers To Controlled Entities
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-11-14T11:18:07-06:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BKD LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 190 E Capitol Street Ste 500 | AddressLine1Txt |
| City | Jackson | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 392012190 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | 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 | 6019823730 | PhoneNum |
| Signature | 2018-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Mary F Overstreet CPA | PreparerPersonNm |
| PTIN | P01270094 | PTIN |
| Phone | 6019486700 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 167.68.126.162 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 64248120183185000001 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2018-11-14 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 64963C025DC0449842D1C097F97B396B309C2815 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 823702202746770B51A67577CD28BFC4F54EFBFB | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $18,065,256 | 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 | $1,030,892 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $48,574 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $48,574 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $287,065 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $287,065 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $105,017 | GrossRentsRevAndExpnssAmt |
| Net Rental Income Or Loss | $105,017 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $884,994 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $13,558,350 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $539,025 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $3,048 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $3,048 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,359,590 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $877,712 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $1,149 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $1,149 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $21,515 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $21,515 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $69,700 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $69,700 | OtherProfFeesNetInvstIncmAmt |
| Interest Rev And Expnss | $74,326 | InterestRevAndExpnssAmt |
| Interest Dsbrs Chrtbl | $74,326 | InterestDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $40,724 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $17,398 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $30 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $16,868 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $224,812 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $91,245 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $92,343 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $347,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $347,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $572,312 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $91,245 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $439,843 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,787,278 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $786,467 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,086,007 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $558,458 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $558,458 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $4,328,840 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl EOY | $4,328,840 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $4,328,840 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Corporate Stock BOY | $10,071,925 | CorporateStockBOYAmt |
| Corporate Stock EOY | $11,745,193 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $11,745,193 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $0 | CorporateBondsBOYAmt |
| Other Investments BOY | $691,414 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $856,141 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $766,141 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $692,840 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $26,216 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $2,284,991 | LandBOYAmt |
| Land EOY | $666,624 | LandEOYAmt |
| Land EOYFMV | $666,624 | LandEOYFMVAmt |
| Total Assets BOY | $14,134,337 | TotalAssetsBOYAmt |
| Total Assets EOY | $18,155,256 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $18,065,256 | TotalAssetsEOYFMVAmt |
| Mortgages And Notes Payable BOY | $2,312,581 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $3,560,529 | MortgagesAndNotesPayableEOYAmt |
| Total Liabilities BOY | $2,312,581 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,560,529 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $11,821,755 | RetainedEarningBOYAmt |
| Retained Earning EOY | $14,594,727 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $11,821,755 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $14,594,727 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $14,134,336 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $18,155,256 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $11,821,755 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,787,278 | ExcessRevenueOverExpensesAmt |
| Other Increases | $985,694 | OtherIncreasesAmt |
| Subtotal | $14,594,727 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $14,594,727 | 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 |
|---|---|---|---|---|---|---|
| LPL #4853 SHORT TERM LOSS | 2017-06-30 | 2017-12-31 | $264,807 | $281,494 | -$16,687 | -$16,687 |
| LPL #4853 LONG TERM GAIN | 2016-01-01 | 2017-12-31 | $7,034 | $5,553 | $1,481 | $1,481 |
| LPL #6498 SHORT TERM GAIN | 2017-06-30 | 2017-12-31 | $9,104,940 | $8,730,971 | $373,969 | $373,969 |
| LPL #6498 LONG TERM GAIN | 2016-01-01 | 2017-12-31 | $1,811,116 | $1,630,854 | $180,262 | $180,262 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $539,025 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,181,514 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $11,273,930 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.104801 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,978,502 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $12,434,839 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.15911 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $430,000 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $12,905,140 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.03332 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $239,300 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $11,839,519 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.020212 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $245,000 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $10,215,869 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.023982 | DistributionYr5Rt |
| Total Distribution | 0.341425 | TotalDistributionRt |
| Average Distribution | 0.068285 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $12,385,041 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $845,713 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $7,865 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $853,578 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $886,685 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $7,865 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $7,865 | SubtotalAmt |
| Tax Based On Investment Income | $7,865 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $2,912 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $2,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $4,912 | TotalPaymentsAndCreditsAmt |
| Tax Due | $2,953 | TaxDueAmt |
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 | false | BusinessHoldingsInd |
| 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 |
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 | 0 | $0 | $0 | $0 |
| Paula J Hood | ||||||||
| PO Box 4931 | Jackson | MS | 39296 | Director | 0 | $0 | $0 | $0 |
| J Wilson Hood Jr | ||||||||
| 3100 Old Canton Road Ste 200 | Jackson | MS | 39216 | Secretary | 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 RENOVATIONS - SEE FOOTNOTE | Description1Txt |
| Expenses1 | $446,842 | Expenses1Amt |
| Total | $446,842 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $11,030,608 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $614,804 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $928,234 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $12,573,646 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $12,573,646 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $188,605 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $12,385,041 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $619,252 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $619,252 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $7,865 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $7,865 | TotalTaxAmt |
| Distributable Before Adj | $611,387 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $611,387 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $611,387 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $439,843 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $446,842 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $886,685 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $7,865 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $878,820 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $611,387 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2015 | PriorYear1Yr |
| Prior Year2 | 2014 | PriorYear2Yr |
| Prior Year3 | 2013 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $0 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $720,273 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $623,395 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,343,668 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $886,685 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $611,387 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $275,298 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,618,966 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $1,618,966 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $720,273 | ExcessFromYear2Amt |
| Excess From Year1 | $623,395 | ExcessFromYear1Amt |
| Excess From Current Year | $275,298 | 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 (9 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Ole Miss Athletic Foundation | |||||||
| PO Box 1519 | Oxford | MS | 38655 | NONE | PC | TO SUPPORT THE MISSION OF THE SCHOOL | $6,000 |
| Belhaven University | |||||||
| 1500 PEACHTREE STREET | JACKSON | MS | 39202 | NONE | PC | TO PROVIDE EDUCATION OPPORTUNITIES AND SUPPORT | $300,000 |
| Mission First | |||||||
| PO Box 250 | Jackson | MS | 39205 | NONE | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $2,500 |
| Friends of Children's Hospital | |||||||
| 3900 LAKELAND DRIVE SUITE 205 | FLOWOOD | MS | 39232 | NONE | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $500 |
| Jackson Heart Foundation | |||||||
| PO Box 5021 | Jackson | MS | 39296 | NONE | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $1,000 |
| Goodwill | |||||||
| 4950 I 55 NORTH | JACKSON | MS | 39211 | NONE | TO SUPPORT PURPOSES OF THE ORGANIZATION | $1,500 | |
| Mississippi Children's Museum | |||||||
| 2145 Museum Boulevard | Jackson | MS | 39202 | none | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $1,000 |
| Sow Reap & Feed | |||||||
| PO Box 16077 | Jackson | MS | 39236 | none | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $10,000 |
| Boy Scouts of America | |||||||
| PO Box 152079 | Irving | TX | 750152079 | none | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $25,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $347,500 | 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 | $48,574 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $287,065 | 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 | $105,017 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $539,025 | ExclusionAmt |
| Related Or Exempt Function Incm | $345,969 | RelatedOrExemptFunctionIncmAmt |
| 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 | $3,048 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $877,712 | ExclusionAmt |
| Related Or Exempt Function Incm | $450,986 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,328,698 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 5 | THE RENTAL INCOME OF $105,017 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. |
| 8 | Gain of $345,969 is from the deemed sale of program-related assets. It is derived from the long-term capital lease signed in July 2017 with Republic Schools for the purpose of operating Smilow Prep. The building and related property that was leased will be used by Smilow Prep to further the foundation's exempt purpose of supporting all types of educational institutions and supporting the general welfare of the community. |
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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | MuniStrategies MS NMTC 20 LLC | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 12868 | AddressLine1Txt |
| City | Jackson | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39236 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $1,030,892 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $21,515 | Amt |
| Net Investment Income | $21,515 | NetInvestmentIncomeAmt |
Depreciation Schedule DepreciationSchedule
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Asset | DEEMED SALE DUE TO CAPITAL LEASE | AssetDesc |
| Acquired | 2015-10 | AcquiredDt |
| How Acquired | P | HowAcquiredTxt |
| Sold | 2017-07 | SoldDt |
| Gross Sales Price | $2,370,453 | GrossSalesPriceAmt |
| Basis | $2,024,484 | BasisAmt |
| Total Net | $345,969 | TotalNetAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| 4165 EASTOVER DRIVE | FMV | $400,000 | $310,000 |
| RECEIVABLES | FMV | $88,095 | $88,095 |
| LIVE OAK INVESTMENT FUND I | FMV | $123,590 | $123,590 |
| WHITE SANDS PHARMA, LLC | FMV | $244,456 | $244,456 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $1,149 | LegalFeesAmt |
| Disbursements Charitable Prps | $1,149 | 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 | $3,560,529 | BalanceDueAmt |
| Note | 2016-11 | NoteDt |
| Interest | 2.5333 | InterestRt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK SERVICE FEES | $30 | $30 | |
| INSURANCE | $16,788 | $16,788 | |
| MISCELLANEOUS EXPENSE | $580 | $80 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| LIVE OAK INVESTMENT FUND I | $6,489 | $6,489 |
| UTILITY REIMBURSEMENT | $2,000 | $2,000 |
| WHITE SANDS PHARMA, LLC | -$5,441 | -$5,441 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN/LOSS ON SECURITIES | Desc |
| Amt | $985,694 | 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 | $1,325 | $1,325 |
| INVESTMENT FEES - LPL | $68,375 | $68,375 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt |
|---|
| FOREIGN TAXES PAID |
| OTHER TAXES |
Transfers To Controlled Entities TransfersToControlledEntities
Transfers To Controlled Ent TransfersToControlledEntGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Charter School Properties LLC | BusinessNameLine1Txt |
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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 300884675 | EIN |
| Desc | Cash Transfer | Desc |
| Amt | $50,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,000 | TotalAmt |