JAMES W HOOD FAMILY FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- JAMES W HOOD FAMILY FOUNDATION (EIN 20-2640916)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-14
- IRS object ID
- 202523189349100622
- Schema version
- 2024v5.1
- 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
- Gain Loss Sale Other Assets Sch
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- 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 | 2025-11-14T07:25:43+00:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 440160260 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Forvis Mazars 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 | 2024-01-01 | 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) |
|---|---|---|
| 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 | 2025-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Peyton Parks | PreparerPersonNm |
| PTIN | P01850908 | PTIN |
| Phone | 6019486700 | PhoneNum |
| Preparation | 2025-11-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $20,464,515 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Interest On Sav Rev And Expnss | $61,950 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $61,950 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $363,095 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $363,095 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $277,146 | GrossRentsRevAndExpnssAmt |
| Net Rental Income Or Loss | -$8,904 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $4,115,510 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $8,959,161 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $716,204 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $0 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | -$70 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$70 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $4,817,631 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,141,179 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $409 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $16,310 | 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 | $62,391 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $62,391 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $160,249 | InterestRevAndExpnssAmt |
| Interest Dsbrs Chrtbl | $160,249 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $29,133 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $83,685 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $34,603 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $34,603 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $386,780 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $62,391 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $194,852 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $347,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $347,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $734,280 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $62,391 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $542,352 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,083,351 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,078,788 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $369,806 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $3,189,511 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $3,189,511 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl BOY | $0 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $0 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $0 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl BOY | $0 | PledgesRcvblBOYAmt |
| Pledges Rcvbl EOY | $0 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $0 | PledgesRcvblEOYFMVAmt |
| Rcvbl From Officers BOY | $0 | RcvblFromOfficersBOYAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Rcvbl From Officers EOYFMV | $0 | RcvblFromOfficersEOYFMVAmt |
| Other Nts And Loans Rcvbl | $0 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $4,328,840 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $0 | OtherNtsAndLoansRcvblEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $11,439,282 | CorporateStockBOYAmt |
| Corporate Stock EOY | $13,745,277 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $13,745,277 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $0 | CorporateBondsBOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $0 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $0 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $0 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOYFMV | $0 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $503,589 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $503,518 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $503,518 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $2,773,246 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $95,568 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $3,718,686 | LandBOYAmt |
| Land EOY | $2,677,678 | LandEOYAmt |
| Land EOYFMV | $2,677,678 | LandEOYFMVAmt |
| Other Assets BOY | $404,126 | OtherAssetsBOYAmt |
| Other Assets EOY | $348,531 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $348,531 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $20,764,329 | TotalAssetsBOYAmt |
| Total Assets EOY | $20,464,515 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $20,464,515 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $0 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $2,380,529 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $1,784,557 | MortgagesAndNotesPayableEOYAmt |
| Total Liabilities BOY | $2,380,529 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,784,557 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $18,383,800 | RetainedEarningBOYAmt |
| Retained Earning EOY | $18,679,958 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $18,383,800 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $18,679,958 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $20,764,329 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $20,464,515 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $18,383,800 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,083,351 | ExcessRevenueOverExpensesAmt |
| Other Increases | $541,647 | OtherIncreasesAmt |
| Subtotal | $23,008,798 | SubtotalAmt |
| Other Decreases | $4,328,840 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $18,679,958 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| LPL Short Term Gain | P | 2024-01-01 | 2024-12-31 | $34,611 | $34,611 | $0 | $34,611 |
| LPL Long Term Gain | P | 2023-01-01 | 2024-12-31 | $638,444 | $638,444 | $0 | $638,444 |
| TOTAL CAPITAL GAIN DISTRIBUTIONS | P | $43,149 | $43,149 | $0 | $43,149 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $716,204 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $14,995 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $14,995 | SubtotalAmt |
| Tax Based On Investment Income | $14,995 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $12,800 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $10,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $22,800 | TotalPaymentsAndCreditsAmt |
| Overpayment | $7,805 | OverpaymentAmt |
| Applied To ES Tax | $7,805 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
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 |
| Individual With Books | JAMES W HOOD | IndividualWithBooksNm |
| 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 |
| 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 |
|---|---|---|---|---|---|---|---|
| JAMES W HOOD | |||||||
| PO BOX 4931 | JACKSON | MS | 39296 | PRESIDENT | 2.00 | $0 | $0 |
| PAULA J HOOD | |||||||
| PO Box 4931 | JACKSON | MS | 39296 | DIRECTOR | 0.00 | $0 | $0 |
| J WILSON HOOD JR | |||||||
| 3100 Old Canton Road Ste 200 | JACKSON | MS | 39216 | SECRETARY | 2.00 | $0 | $0 |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | BUILDING AND LAND IMPROVEMENTS - SEE FOOTNOTE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $12,730,983 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $216,756 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $503,554 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $13,451,293 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $1,784,557 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $11,666,736 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $175,001 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $11,491,735 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $574,587 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $574,587 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $14,995 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $14,995 | TotalTaxAmt |
| Distributable Before Adj | $559,592 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $559,592 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $559,592 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $542,352 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $542,352 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $559,592 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year3 | 2020 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $0 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $0 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $514,141 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $101,256 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,930,731 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $2,546,128 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $542,352 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $542,352 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $17,240 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $17,240 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $2,528,888 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $2,528,888 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $0 | ExcessFromYear4Amt |
| Excess From Year3 | $496,901 | ExcessFromYear3Amt |
| Excess From Year2 | $101,256 | ExcessFromYear2Amt |
| Excess From Year1 | $1,930,731 | ExcessFromYear1Amt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JAMES W HOOD | ContributingManagerNm |
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 (8 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Belhaven University | |||||||
| 1500 PEACHTREE STREET | Jackson | MS | 39202 | NONE | PC | TO PROVIDE EDUCATION OPPORTUNITIES AND SUPPORT | $300,000 |
| CASA | |||||||
| PO BOX 23879 | JACKSON | MS | 39225 | NONE | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $25,000 |
| Junior League of Jackson | |||||||
| 805 Riverside Drive | Jackson | MS | 39202 | NONE | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $7,500 |
| University of Mississippi Foundation | |||||||
| 406 University Avenue | Oxford | MS | 38655 | NONE | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $7,000 |
| Fellowship of Christian Athletes | |||||||
| 323 US-51 | Ridgeland | MS | 39157 | NONE | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $5,000 |
| MIssion First | |||||||
| 275 ROSENEATH AVE | Jackson | MS | 39203 | NONE | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $5,000 |
| First Presbyterian Day School | |||||||
| 1390 N State Street | Jackson | MS | 39202 | NONE | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $2,500 |
| New Horizon Ministries | |||||||
| 10501 Highway 613 | Moss Point | MS | 39562 | NONE | PC | TO SUPPORT PURPOSES OF THE ORGANIZATION | $2,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $354,500 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $61,950 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $363,095 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | -$8,904 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $4,115,510 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | other income | Desc |
| Exclusion | 1 | ExclusionCd |
| Exclusion | -$70 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $4,540,485 | ExclusionAmt |
| Related Or Exempt Function Incm | -$8,904 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,531,581 | 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 | Form | LineNumberTxt |
| Relationship Statement | THE RENTAL LOSS OF $8,904 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 | $16,310 | Amt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Computation Method | SL | ComputationMethodTxt |
| Rt | 39.0 | Rt |
| Current Year Expense | $83,685 | CurrentYearExpenseAmt |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (4 entries)
| AssetAssetDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Total NetTotalNetAmt | How AcquiredHowAcquiredTxt | BasisBasisAmt |
|---|---|---|---|---|---|---|
| LPL Short Term Gain | 2024-01 | 2024-12 | $34,611 | $34,611 | ||
| LPL Long Term Gain | 2023-01 | 2024-12 | $638,444 | $638,444 | ||
| TOTAL CAPITAL GAIN DISTRIBTUIONS | $43,149 | $43,149 | ||||
| Disposal of Charter School Building | 2016-04 | 2024-12 | $4,328,840 | $3,399,306 | P | $929,534 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Form 990-PF, Part VIII-B | FormAndLineReferenceDesc |
| Medium Explanation | ONE OF THE EXEMPT PURPOSES OF THE JAMES W HOOD FAMILY FOUNDATION IS TO SUPPORT ALL TYPES OF EDUCATIONAL INSTITUTIONS AND TO SUPPORT THE GENERAL WELFARE OF THE COMMUNITY. DURING 2015 THE FOUNDATION ACQUIRED A BUILDING IN INNER CITY JACKSON, MISSISSIPPI FOR THE PURPOSE OF LEASING THE BUILDING TO REPUBLIC SCHOOLS, A 501(C)(3) NONPROFIT ORGANIZATION. THE INTENT OF THE LEASE WAS TO PROVIDE AFFORDABLE OCCUPANCY COST DURING THE INITIAL YEARS OF REPUBLIC SCHOOLS. REPUBLIC SCHOOLS OPERATES A NUMBER OF CHARTER SCHOOLS IN TN AND MS. THE MISSION OF REPUBLIC SCHOOLS IS TO REIMAGINE PUBLIC EDUCATION IN THE SOUTH. REPUBLIC PREPARES SCHOLARS TO ENTER, SUCCEED IN, AND GRADUATE FROM COLLEGE, AND OPERATES SCHOOLS THAT VALUE INNOVATION AND OWNERSHIP. THE BUILDING WAS ACQUIRED DURING 2015. IN 2016, THE BUILDING'S INITIAL RENOVATION WAS COMPLETED WITH ADDITIONAL RENOVATIONS IN 2017, 2018, 2019, 2020, & 2021. IN JULY 2017, THE FOUNDATION ENTERED INTO A LONG-TERM CAPITAL LEASE WITH REPUBLIC SCHOOLS FOR THE PURPOSE OF OPERATING SMILOW PREP, A CHARTER SCHOOL WHICH OPENED IN FALL 2016. THE SCHOOL IS CURRENTLY SERVING 4 GRADES (5TH THROUGH 8TH GRADE). THE FOUNDATION IS COMMITTED TO PROMOTING THE EDUCATIONAL OPPORTUNITIES WITHIN INNER CITY JACKSON. BY ACQUIRING THE PROPERTY AND LEASING THE BUILDING TO REPUBLIC SCHOOLS FOR THE OPERATION OF SMILOW PREP, THE FOUNDATION IS IMPROVING THE VALUE OF EDUCATION WITHIN THE COMMUNITY. IN 2024, THE FOUNDATION SOLD THE BUILDING TO REPUBLIC SCHOOLS ONCE THE SCHOOL HAD THE FINANCIAL ABILITY TO ACQUIRE THE PROPERTY ON THEIR OWN. IN 2021, THE FOUNDATION ACQUIRED TWO BUILDINGS IN RIDGELAND, MISSISSIPPI FOR THE PURPOSE OF LEASING THE BUILDING TO CHRIST COVENANT SCHOOL, A MINISTRY OF PEAR ORCHARD PRESBYTERIAN CHURCH (PCA). THIS PURCHASE ALLOWS THE EXPANSION OF CHRIST COVENANT SCHOOL TO START AN UPPER SCHOOL TO INCLUDE GRADES 9 - 12. | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORPORATE STOCKS | StockNm |
| EOY Book Value | $13,745,277 | EOYBookValueAmt |
| EOYFMV | $13,745,277 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| LIVE OAK INVESTMENT FUND I | FMV | $27,562 | $27,562 |
| WHITE SANDS PHARMA, LLC | FMV | $225,956 | $225,956 |
| CONTRACT RECEIVABLE - GRITS | FMV | $250,000 | $250,000 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cost Or Other Basis | $2,773,246 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $95,568 | AccumulatedDepreciationAmt |
| Book Value | $2,677,678 | BookValueAmt |
| EOYFMV | $2,677,678 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $409 | LegalFeesAmt |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mortgage | $2,380,529 | MortgageAmt |
Note Payable NotePayableGrp
Lender Name LenderNameGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRISTATE CAPITAL BANK | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Loan Original | $2,312,581 | LoanOriginalAmt |
| Balance Due | $1,784,557 | BalanceDueAmt |
| Note | 2016-11 | NoteDt |
| Interest | 0.0594 | InterestRt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | JPM ALTERNATIVE INVESTMENT | Desc |
| BOY Book Value | $404,126 | BOYBookValueAmt |
| EOY Book Value | $348,531 | EOYBookValueAmt |
| EOYFMV | $348,531 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | termination of note receivable | Desc |
| Amt | $4,328,840 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| BANK SERVICE FEES | $10 | $10 |
| INSURANCE | $16,238 | $16,238 |
| MISCELLANEOUS EXPENSE | $1,510 | $1,510 |
| GROUNDS MAINTENANCE | $8,350 | $8,350 |
| ENGINEERING EXPENSE | $750 | $750 |
| Land Survey | $7,745 | $7,745 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| LIVE OAK INVESTMENT FUND I | -$22 | -$22 |
| WHITE SANDS PHARMA, LLC | -$48 | -$48 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN/LOSS ON SECURITIES | Desc |
| Amt | $541,647 | 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 | FCB INVESTMENT FUND 20 LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Loan Original | $4,328,840 | LoanOriginalAmt |
| Balance Due | $0 | 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 | $2,210 | $2,210 |
| INVESTMENT FEES - LPL | $60,181 | $60,181 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | OTHER TAXES | CategoryTxt |
| Amt | $29,133 | Amt |