Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
THE MELVIN AND VIRGINIA HUTSON
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2716
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DECATUR, AL356022716
A Employer identification number

63-0885492
B Telephone number (see instructions)

(256) 353-7826
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$11,229,980J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 341,926 341,926  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 7,486
b Gross sales price for all assets on line 6a 481,708
7 Capital gain net income (from Part IV, line 2)... 7,486
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 12 12  
12 Total. Add lines 1 through 11........ 349,424 349,424  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 57,475 22,342   28,737
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,260      
c Other professional fees (attach schedule).... Click to see attachment 69,440 69,440    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 10,000      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,821 536   893
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 5,985 171   184
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 146,981 92,489   29,814
25 Contributions, gifts, grants paid....... 510,000 510,000
26 Total expenses and disbursements. Add lines 24 and 25 656,981 92,489   539,814
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -307,557
b Net investment income (if negative, enter -0-) 256,935
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,499,818 1,283,406 1,283,406
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 635,000 Click to see attachment635,000 726,343
b Investments—corporate stock (attach schedule)....... 5,164,135 Click to see attachment5,223,948 8,360,821
c Investments—corporate bonds (attach schedule)....... 894,700 Click to see attachment743,742 859,410
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,193,653 7,886,096 11,229,980
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 8,193,653 7,886,096
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 8,193,653 7,886,096
30 Total liabilities and net assets/fund balances (see instructions). 8,193,653 7,886,096
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
8,193,653
2
Enter amount from Part I, line 27a .....................
2
-307,557
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
7,886,096
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,886,096
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 150,000 LLOYDS TSB BANK PLC NTS P 2011-02-08 2021-01-21
b 4,000 JP MORGAN CHASE & CO P 2015-06-19 2021-06-01
c 4,000 HANCOCK HOLDINGS CO P 2015-04-30 2021-06-15
d 1,000 REGIONS FINANCIAL CORP P 2015-09-04 2021-06-15
e 2,000 REGIONS FINANCIAL CORP P 2018-08-07 2021-06-15
2,000 REGIONS FINANCIAL CORP P 2012-10-25 2021-06-15
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 150,000   150,958 -958
b 100,000   98,415 1,585
c 100,000   98,811 1,189
d 25,000   25,173 -173
e 50,000   50,860 -860
50,000   50,005 -5
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -958
b       1,585
c       1,189
d       -173
e       -860
      -5
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 7,486
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 3,571
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,571
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 11,637
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,637
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 8,066
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet8,066 RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletAL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTIMOTHY A SMALLEY Telephone no.bullet (256) 353-1611

    Located atbullet237 JOHNSTON ST SEDECATURAL ZIP+4bullet35601
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    KAREN W TRUITT PRESIDENT
    10.00     		51,000 0 0
    3709 SABINE COURT SW
    DECATUR,AL35603
    MIKE STERYOUS VP/SECRETARY
    1.00     		3,525 0 0
    5141 WAXMYRTLE DRIVE
    ROANOKE,VA24019
    KENTON STERYOUS TREASURER
    000.00     		2,950 0 0
    78 GLOUCESTER CT
    TROUTVILLE,VA24175
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    9,311,019
    b
    Average of monthly cash balances.......................
    1b
    1,287,172
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,598,191
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    10,598,191
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    158,973
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    10,439,218
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    521,961
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    521,961
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    3,571
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,571
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    518,390
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    518,390
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    518,390
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 518,390
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 4,234
    b From 2017...... 13,726
    c From 2018...... 24,582
    d From 2019...... 11,596
    e From 2020...... 55,724
    f Total of lines 3a through e ........ 109,862
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 539,814
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 518,390
    e Remaining amount distributed out of corpus 21,424
    5 Excess distributions carryover applied to 2021.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 131,286
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		4,234
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		127,052
    10 Analysis of line 9:
    a Excess from 2017.... 13,726
    b Excess from 2018.... 24,582
    c Excess from 2019.... 11,596
    d Excess from 2020.... 55,724
    e Excess from 2021.... 21,424
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AGAPE OF NORTH ALABAMA
    PO BOX 127
    MADISON,AL35758     		NONE PUBLIC CHARITABLE 10,000
    ALTA MONS
    2813 CHROCKETT SPRINGS RD
    SHAWVILLE,VA24162     		NONE PUBLIC CHARITABLE 12,000
    BAPTIST WORLD MISSION
    PO BOX 2149
    DECATUR,AL35602     		NONE PUBLIC CHARITABLE 14,000
    BIBLICAL MINISTRIES WORLDWIDE
    1595 HERRINGTON ROAD
    LAWRENCEVILLE,GA30043     		NONE PUBLIC CHARITABLE 10,000
    CHILD EVANGELISM FELLOWSHIP OF NW A
    PO BOX 1414
    DECATUR,AL35602     		NONE PUBLIC CHARITABLE 5,000
    CHILDHAVEN
    PO BOX 2070
    CULLMAN,AL35056     		NONE PUBLIC CHARITABLE 10,000
    FIRST BAPTIST CHURCH
    123 CHURCH STREET NE
    DECATUR,AL35601     		NONE PUBLIC CHARITABLE 3,000
    FISHERS OF MEN INTERNATIONAL
    PO BOX 387
    SELMA,AL36702     		NONE PUBLIC CHARITABLE 5,000
    FLINT CHURCH OF CHRIST
    1205 MILL ROAD SE
    DECATUR,AL35603     		NONE PUBLIC CHARITABLE 20,000
    FRONTLINE MISSIONS INTERNATIONAL
    PO BOX 829
    TAYLORS,SC29687     		NONE PUBLIC CHARITABLE 56,000
    GOSPEL FELLOWSHIP ASSOCIATION
    1809 WADE HAMPTON BLVD
    GREENVILLE,SC29609     		NONE PUBLIC CHARITABLE 50,000
    GREENTREE GLOBAL
    PO BOX 309
    TAYLORS,SC29687     		NONE PUBLIC CHARITABLE 25,000
    HATTON CHURCH OF CHRIST
    7045 HIGHWAY 101
    TOWN CREEK,AL35672     		NONE PUBLIC CHARITABLE 5,000
    HERITAGE CHRISTIAN UNIVERSITY
    PO BOX HCU
    FLORENCE,AL35630     		NONE PUBLIC CHARITABLE 20,000
    HIGHLAND PARK CHURCH OF CHRIST
    PO BOX 2216
    MUSCLE SHOALS,AL35662     		NONE PUBLIC CHARITABLE 10,000
    INT'L FELLOWSHIP CHRISTIANS & JEWS
    PO BOX 96125
    WASHINGTON,DC20090     		NONE PUBLIC CHARITABLE 8,000
    INTERNATIONAL PARTNERSHIP MINISTRIE
    PO BOX 337
    HANOVER,PA17331     		NONE PUBLIC CHARITABLE 7,000
    MAYFAIR CHURCH OF CHRIST
    1095 CARL T JONES DRIVE
    HUNTSVILLE,AL35802     		NONE PUBLIC CHARITABLE 10,000
    MOUNT ABARIM BAPTIST MISSION
    PO BOX 173067
    ARLINGTON,TX76003     		NONE PUBLIC CHARITABLE 34,500
    NEIGHBORHOOD CHRISTIAN CENTER
    619 BANK STREET
    DECATUR,AL35601     		NONE PUBLIC CHARITABLE 5,000
    NORTH LOVE BAPTIST CHURCH
    5301 E RIVERSIDE BLVD
    ROCKFORD,IL61114     		NONE PUBLIC CHARITABLE 48,000
    OPEN DOORS USA
    PO BOX 1595
    MERRIFIELD,VA22116     		NONE PUBLIC CHARITABLE 41,000
    PROJECT RESCUE
    179 CAVE SPRINGS ROAD
    DECATUR,AL35603     		NONE PUBLIC CHARITABLE 10,000
    THE FRIENDS OF ISRAEL GOSPEL MINIST
    PO BOX 908
    BELLMAWR,NJ08099     		NONE PUBLIC CHARITABLE 13,000
    THE VOICE OF THE MARTYR
    1815 SE BISON ROAD
    BARTLESVILLE,OK74006     		NONE PUBLIC CHARITABLE 15,500
    TRINITY UNITED METHODIST CHURCH
    PO BOX 38
    TRINITY,AL35673     		NONE PUBLIC CHARITABLE 5,000
    COMMUNITY FOUNDATION OF GREATER DEC
    PO BOX 79
    DECATUR,AL35602     		NONE PUBLIC CHARITABLE 10,000
    NORTH HIGHLANDS CHURCH OF CHRIST
    PO DRAWER H
    RUSSELLVILLE,AL35653     		NONE PUBLIC CHARITABLE 5,000
    DECATUR CHURCH OF CHRIST
    2833 DANVILLE ROAD SW
    DECATUR,AL35603     		NONE PUBLIC CHARITABLE 5,000
    SHENANDOAH BAPTIST CHURCH
    PO BOX 7010
    ROANOKE,VA24019     		NONE PUBLIC CHARITABLE 5,000
    RED BANK CHURCH OF CHRIST
    3600 DAYTON BOULEVARD
    CHATTANOOGA,TN37415     		NONE PUBLIC CHARITABLE 5,000
    NATIONAL THEOLOGICAL COLLEGE & SEMI
    307 HOLT STREET
    LEXINGTON,NC27292     		NONE PUBLIC CHARITABLE 6,000
    CENTRAL UNITED METHODIST CHURCH
    616 JACKSON STREET SE
    DECATUR,AL35601     		NONE PUBLIC CHARITABLE 2,000
    HARTSELLE CHURCH OF CHRIST
    700 SPARKMAN STREET SW
    HARTSELLE,AL35640     		NONE PUBLIC CHARITABLE 5,000
    PRICEVILLE CHURCH OF CHRIST
    1938 N BETHEL ROAD
    DECATUR,AL35603     		NONE PUBLIC CHARITABLE 5,000
    MORGAN COUNTY CHILD ADVOCACY
    PO BOX 2006
    DECATUR,AL35602     		NONE PUBLIC CHARITABLE 5,000
    NEW HOPE CHURCH OF CHRIST
    8245 LAUDERDALE CO RD 15
    FLORENCE,AL35633     		NONE PUBLIC CHARITABLE 5,000
    Total .................................bullet 3a 510,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 7,486  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aBRINK WINSTAR SETTLEMENT     		    18 12  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   349,424  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    349,424
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE MELVIN AND VIRGINIA HUTSON
     
    FOUNDATION
    EIN:
    63-0885492
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BYRD SMALLEY ADAMS PC 2,260      

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE MELVIN AND VIRGINIA HUTSON
     
    FOUNDATION
    EIN:
    63-0885492
    Name of Bond End of Year Book Value End of Year Fair Market Value
    150,000 PACIFIC BELL DEBENTURE 160,586 180,055
    150,000 WAL-MART STORES INC. 185,471 214,047
    100,000 GOLDMAN SACHS GRP INC 100,005 114,595
    57,000 JOHNSON & JOHNSON NTS 63,417 82,672
    150,000 LLOYDS TSB BANK PLC NTS    
    100,000 GOLDMAN SACHS GRP 100,005 101,822
    18,000 BELLSOUTH TELECOMMUNICATIONS 22,517 20,884
    50,000 CITIGROUP INC DEBENTURE 61,736 92,525
    50,000 GOLDMAN SACHS GROUP INC 50,005 52,810

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE MELVIN AND VIRGINIA HUTSON
     
    FOUNDATION
    EIN:
    63-0885492
    Name of Stock End of Year Book Value End of Year Fair Market Value
    7,500 SHARES AT&T INCORPORATED 255,752 184,500
    1,500 SHARES ABBVIE INCORPORATED 160,105 203,100
    1,595 SHARES AMERICAN ELEC PWR INC 77,188 141,907
    5,000 SHARES BP PLC (UNITED KINGDOM) 193,207 133,150
    10,800 SHARES CSX CORPORATION 20,682 406,080
    2,000 SHARES CAMPBELL SOUP COMPANY 84,300 86,920
    1,000 SHARES CATERPILLAR INCORPORATE 99,465 206,740
    3,200 SHARES CHEVRON CORPORATION 141,824 375,520
    2,300 SHARES CONAGRA FOODS 52,057 78,545
    1,130 SHARES CONOCOPHILLIPS 48,085 81,563
    1,000 SHARES CONSOLIDATED INCORPORAT 77,875 85,320
    2,000 DOW INCORPORATED 107,858 113,440
    1,500 SHARES DUKE ENERGY CORPORATION 115,556 157,350
    1,635 SHARES EXELON CORPORATION 57,842 94,437
    3,000 SHARES EXXON MOBIL CORPORATION 180,655 183,570
    1,250 SHARES HOME DEPOT INCORPORATED 33,977 518,763
    3,000 HUNTINGTON BANCSHARES INC 39,540 46,260
    2,000 SHARES INTEL CORPORATION 41,912 103,000
    1,000 SHARES JOHNSON & JOHNSON 59,241 171,070
    2,000 SHARES KELLOGG COMPANY 109,393 128,840
    1,000 SHARES KIMBERLY CLARK CORP 59,986 142,920
    3,000 SHARES KRAFT HEINZ COMPANY 138,800 107,700
    1,900 SHARES MERCK & COMPANY 81,324 145,616
    1,000 SHARES NEXTERA ENERGY INC. 45,639 256,740
    1,500 NATIONAL GRID PLC 96,852 108,480
    190 SHARES ORGANON & COMPANY 4,073 5,786
    1,500 SHARES PEPSICO INCORPORATED 101,919 260,565
    4,000 SHARES PFIZER INCORPORATED 105,174 236,200
    2,000 PRINCIPAL FINANCIAL GROUP INC 96,140 144,660
    1,450 SHARES PROCTER & GAMBLE COMPAN 112,385 237,191
    1,500 SHARES RAYMOND JAMES FINANCIAL 75,522 150,600
    5,275 SHARES REGIONS FINANCIAL CORP 68,260 114,995
    5,000 SHARES SOUTHERN COMPANY 212,938 342,900
    2,000 SHARES SYSCO CORPORATION 60,388 157,100
    1,000 SHARES 3M COMPANY 108,053 177,630
    800 SHARES TARGET CORPORATION 50,959 185,152
    960 SHARES WAL-MART STORES INC 69,232 138,902
    3,000 ATLANTICA SUSTAINABLE INFR PLC 104,637 107,280
    5,000 SHARES WILLIAMS COMPANIES INC 124,062 130,200
    3,500 SHARES VERIZON COMMUNICATIONS 133,966 181,860
    4,000 SHARES HANCOCK HOLDING COMPANY    
    4,000 SHARES JPMORGAN CHASE & COMPAN    
    3,000 SHARES ARGO GROUP US INC 75,601 77,430
    1,500 SHARES PEBBLEBROOK HOTEL 34,687 37,980
    5,000 SHARES REGIONS FINANCIAL CORP    
    5,000 SHARES AGNC INVT CORPORATION 96,901 75,200
    1,000 SHARES DIGITAL RLTY TR INC 73,299 176,870
    3,000 SHARES IRON MTN INCORPORATED 102,183 156,990
    8,000 SHARES SABRA HEALTH CARE REIT 142,436 108,320
    3,000 SHARES WEYERHAEUSER COMPANY 90,956 123,540
    7,500 SHARES BLACKROCK TAX MUNICIPAL 149,393 196,350
    10,00000 SHARES FIRST TR SR FLG RTE 155,616 120,600
    12,500 SHARES INVESCO SR INC TRST 100,294 54,125
    4,000 SHARES VOYA PRIME RATE TR SH 24,858 18,080
    4,000 SHARES VANECK VECTORS MORTGAGE 81,812 71,840
    3,000 ISHARES TR MTG REL ETF 112,143 103,530
    4,100 SHARES INVESCO FINANCIAL PREFE 76,158 77,162
    825 SHARES SECTOR SPDR TR SBI INT EN 50,051 45,788
    1,180 SHARES SECTOR SPDR TR SBI INT 50,737 84,464

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    THE MELVIN AND VIRGINIA HUTSON
     
    FOUNDATION
    EIN:
    63-0885492
    US Government Securities - End of Year Book Value:

    635,000
    US Government Securities - End of Year Fair Market Value:

    726,343
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2021 OtherExpensesSchedule
    Name:
    THE MELVIN AND VIRGINIA HUTSON
     
    FOUNDATION
    EIN:
    63-0885492
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    LIABILITY INSURANCE 4,473      
    POST OFFICE BOX RENT 322 161   161
    POSTAGE 33 10   23
    STORAGE UNIT RENT 1,157      


    TY 2021 OtherIncomeSchedule2
    Name:
    THE MELVIN AND VIRGINIA HUTSON
     
    FOUNDATION
    EIN:
    63-0885492
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BRINK WINSTAR SETTLEMENT 12 12  


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE MELVIN AND VIRGINIA HUTSON
     
    FOUNDATION
    EIN:
    63-0885492
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    RAYMOND JAMES & ASSOCIATES 69,440 69,440    


    TY 2021 TaxesSchedule
    Name:
    THE MELVIN AND VIRGINIA HUTSON
     
    FOUNDATION
    EIN:
    63-0885492
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 10,000