Nonprofit · EIN 26-0481920
WALTER AND JERE HUBBARD FAMILYFOUNDATION
Tax-exempt · MIDLAND, TX 79702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $12,216 | $32,251 | -$20,035 | $204,223 | $0 | $204,223 |
| December 31, 2023 | 990-PF | $58,910 | $37,214 | $21,696 | $224,914 | $600 | $224,314 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $11,223
- Interest
- $688
- Net gain from sales of assets
- $305
Expenses
- Grants and similar amounts paid
- $28,300
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $29,140
- Excise tax on investment income
- $128
Balance sheet and other
- Total assets, start of year
- $224,914
- Total assets, end of year
- $204,223
- Total liabilities, end of year
- $0
- Net assets, end of year
- $204,223
- Fair market value of assets
- $236,458
- Qualifying distributions
- $29,140
- Net investment income
- $12,216
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRAIG HUBBARD 1604 GULF AVENUE, MIDLAND, TX 79705 | PRESIDENT | 0 | $0 |
| KATIE L HUBBARD 1604 GULF AVENUE, MIDLAND, TX 79705 | VICE PRESIDENT | 0 | $0 |
| PATRICK C HUBBARD 2602 W 48TH STREET, AUSTIN, TX 79731 | DIRECTOR | 0 | $0 |
| KATHARINE M HUBBARD 1302 LAWSON AVENUE, MIDLAND, TX 79701 | DIRECTOR | 0 | $0 |
| CHRISTOPHER L HUBBARD 1210 DOUGLAS AVENUE, MIDLAND, TX 79701 | DIRECTOR | 0 | $0 |
| JOHN D SWALLOW 1307 WEST TEXAS AVENUE, MIDLAND, TX 79701 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRAIG HUBBARD PO BOX 3282, MIDLAND, TX 797023282 | PRESIDENT | 0 | $0 |
| KATIE L HUBBARD PO BOX 3282, MIDLAND, TX 797023282 | VICE PRESIDENT | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3282, MIDLAND, TX 79702-3282
- In care of
- % CRAIG E HUBBARD
- Signed the 990-PF
- CRAIG HUBBARD, PRESIDENT
- Phone
- (432) 683-4777
- Return prepared by
- WEAVER AND TIDWELL LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 26-0481920
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $204,223
- Income (IRS master file)
- $12,216
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $12,216 | $32,251 | $204,223 | XML |
| 990-PF | December 2023 | $58,910 | $37,214 | $224,914 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-0481920).
Questions about WALTER AND JERE HUBBARD FAMILYFOUNDATION
- What is the EIN of WALTER AND JERE HUBBARD FAMILYFOUNDATION?
- The employer identification number (EIN) of WALTER AND JERE HUBBARD FAMILYFOUNDATION is 26-0481920.
- Is WALTER AND JERE HUBBARD FAMILYFOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to WALTER AND JERE HUBBARD FAMILYFOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WALTER AND JERE HUBBARD FAMILYFOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WALTER AND JERE HUBBARD FAMILYFOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WALTER AND JERE HUBBARD FAMILYFOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of WALTER AND JERE HUBBARD FAMILYFOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does WALTER AND JERE HUBBARD FAMILYFOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $12,216, expenses of $32,251 and total assets of $204,223 at year end.
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All nonprofits in MIDLAND · Texas · Philanthropy, voluntarism and grantmaking foundations