2025-11-14T07:25:43+00:00 2024-12-31 440160260 Forvis Mazars LLP 1400 Meadowbrook Road Suite 300 Jackson MS 392116349 990PF 2024-01-01 202640916 James W Hood Family Foundation JAME 6019823730 PO Box 4931 Jackson MS 39296 James W Hood President 6019823730 2025-11-14 true Peyton Parks P01850908 6019486700 2025-11-15 2024 2025-03-06 01:10:19Z X 20464515 X 61950 61950 363095 363095 277146 -8904 4115510 8959161 716204 0 0 0 -70 -70 0 4817631 1141179 0 409 0 0 0 16310 0 0 0 62391 62391 0 0 160249 160249 29133 0 0 0 83685 0 0 34603 0 0 34603 386780 62391 0 194852 347500 347500 734280 62391 0 542352 4083351 1078788 0 369806 3189511 3189511 0 0 0 0 0 0 0 0 0 0 0 4328840 0 0 0 0 0 11439282 13745277 13745277 0 0 0 0 0 0 503589 503518 503518 2773246 95568 3718686 2677678 2677678 404126 348531 348531 20764329 20464515 20464515 0 0 2380529 1784557 2380529 1784557 X 18383800 18679958 18383800 18679958 20764329 20464515 18383800 4083351 541647 23008798 4328840 18679958 LPL Short Term Gain P 2024-01-01 2024-12-31 34611 34611 0 34611 LPL Long Term Gain P 2023-01-01 2024-12-31 638444 638444 0 638444 TOTAL CAPITAL GAIN DISTRIBUTIONS P 43149 43149 0 43149 716204 14995 0 14995 14995 12800 0 10000 22800 7805 7805 0 false false false false false false false true true MS true false false true false true JAMES W HOOD 6015408600 PO BOX 4931 Jackson MS 39296 false false false false false false false false false true false false false false false false false false false false false false 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 BUILDING AND LAND IMPROVEMENTS - SEE FOOTNOTE 0 0 12730983 216756 503554 13451293 0 1784557 11666736 175001 11491735 574587 574587 14995 14995 559592 559592 559592 542352 0 0 542352 559592 0 2020 0 0 0 514141 101256 1930731 2546128 542352 0 0 0 542352 0 17240 17240 2528888 0 0 0 0 0 0 2528888 0 496901 101256 1930731 0 JAMES W HOOD JAMES W HOOD PO BOX 4931 JACKSON MS 39296 6015408600 NO SPECIFIC FORM IS REQUIRED NONE NONE Belhaven University 1500 PEACHTREE STREET Jackson MS 39202 NONE PC TO PROVIDE EDUCATION OPPORTUNITIES AND SUPPORT 300000 CASA PO BOX 23879 JACKSON MS 39225 NONE PC TO SUPPORT PURPOSES OF THE ORGANIZATION 25000 Junior League of Jackson 805 Riverside Drive Jackson MS 39202 NONE PC TO SUPPORT PURPOSES OF THE ORGANIZATION 7500 University of Mississippi Foundation 406 University Avenue Oxford MS 38655 NONE PC TO SUPPORT PURPOSES OF THE ORGANIZATION 7000 Fellowship of Christian Athletes 323 US-51 Ridgeland MS 39157 NONE PC TO SUPPORT PURPOSES OF THE ORGANIZATION 5000 MIssion First 275 ROSENEATH AVE Jackson MS 39203 NONE PC TO SUPPORT PURPOSES OF THE ORGANIZATION 5000 First Presbyterian Day School 1390 N State Street Jackson MS 39202 NONE PC TO SUPPORT PURPOSES OF THE ORGANIZATION 2500 New Horizon Ministries 10501 Highway 613 Moss Point MS 39562 NONE PC TO SUPPORT PURPOSES OF THE ORGANIZATION 2500 354500 0 14 61950 14 363095 -8904 18 4115510 other income 1 -70 0 4540485 -8904 4531581 Form 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. false false false false false false false false false false ACCOUNTING FEES 16310 SL 39.0 83685 LPL Short Term Gain 2024-01 2024-12 34611 34611 LPL Long Term Gain 2023-01 2024-12 638444 638444 TOTAL CAPITAL GAIN DISTRIBTUIONS 43149 43149 Disposal of Charter School Building 2016-04 P 2024-12 4328840 929534 3399306 Form 990-PF, Part VIII-B 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. CORPORATE STOCKS 13745277 13745277 LIVE OAK INVESTMENT FUND I FMV 27562 27562 WHITE SANDS PHARMA, LLC FMV 225956 225956 CONTRACT RECEIVABLE - GRITS FMV 250000 250000 2773246 95568 2677678 2677678 Legal Fees 409 2380529 TRISTATE CAPITAL BANK 2312581 1784557 2016-11 0.0594 JPM ALTERNATIVE INVESTMENT 404126 348531 348531 termination of note receivable 4328840 BANK SERVICE FEES 10 10 INSURANCE 16238 16238 MISCELLANEOUS EXPENSE 1510 1510 GROUNDS MAINTENANCE 8350 8350 ENGINEERING EXPENSE 750 750 Land Survey 7745 7745 LIVE OAK INVESTMENT FUND I -22 -22 WHITE SANDS PHARMA, LLC -48 -48 UNREALIZED GAIN/LOSS ON SECURITIES 541647 FCB INVESTMENT FUND 20 LLC 4328840 0 0 INVESTMENT FEES - JPM #6004 2210 2210 INVESTMENT FEES - LPL 60181 60181 OTHER TAXES 29133