TY 2022 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022

Name of foundation
HOOGLAND FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)209 POWELL PLACE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BRENTWOOD, TN37024

A Employer identification number

36-4427146

B Telephone number (see instructions)

(217) 544-2001

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$30,634,146J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	2,479		2,473
4	Dividends and interest from securities...	273,822		288,073
5a	Gross rents............	2,497,680		2,497,680
b	Net rental income or (loss) 2,225,661
6a	Net gain or (loss) from sale of assets not on line 10		2,057
b	Gross sales price for all assets on line 6a 3,189,316
7	Capital gain net income (from Part IV, line 2)...			40,035
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).......	List of Attached Documents: // Content	-98,051	924
12	Total. Add lines 1 through 11........	2,677,987		2,829,185
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	98,652	71,984	26,668
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	378,106	296,234	0
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	272,019	307,810
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	263,235	263,235	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,012,012		939,263	26,668
25	Contributions, gifts, grants paid.......	1,444,286			1,644,286
26	Total expenses and disbursements. Add lines 24 and 25	2,456,298		939,263	1,670,954
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	221,689
b	Net investment income (if negative, enter -0-)			1,889,922
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2022)

Form 990-PF (2022)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	260,086	563,339	563,339
	2	Savings and temporary cash investments.........
	3	Accounts receivable 48,316
		Less: allowance for doubtful accounts		48,316	48,316
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	11,246,188	List of Attached Documents: // Content 12,871,252	12,578,243
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis 14,435,942
		Less: accumulated depreciation (attach schedule) 6,389,743	7,843,573	List of Attached Documents: // Content 8,046,199	16,530,000
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	0	List of Attached Documents: // Content 839,303	839,303
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 0	List of Attached Documents: // Content 74,945	List of Attached Documents: // Content 74,945
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	19,349,847	22,443,354	30,634,146
	17	Accounts payable and accrued expenses..........	215,278
	18	Grants payable.................	400,000	200,000
	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 )
	23	Total liabilities (add lines 17 through 22).........	615,278	200,000
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	18,734,569	22,243,354
	29	Total net assets or fund balances (see instructions).....	18,734,569	22,243,354
	30	Total liabilities and net assets/fund balances (see instructions).	19,349,847	22,443,354

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

18,734,569

Enter amount from Part I, line 27a .....................

221,689

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

3,287,096

Add lines 1, 2, and 3 ..........................

22,243,354

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

22,243,354

Form 990-PF (2022)

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
1 a	PUBLICLY TRADED SECURITIES	P
b	CAPITAL GAINS DIVIDENDS	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	3,066,240	3,149,281	-83,041
b	123,076		123,076
c
d
e

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			-83,041
b			123,076
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	40,035
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 ...................		3

Form 990-PF (2022)

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	26,270
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	0
3	Add lines 1 and 2...........................	3	26,270
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	26,270
6	Credits/Payments:

a	2022 estimated tax payments and 2021 overpayment credited to 2022	6a	41,500
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	41,500
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. List of Attached Documents: // Content		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	15,230
11	Enter the amount of line 10 to be: Credited to 2023 estimated tax15,230	Refunded	11	0

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2022)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

KEITH A HOOGLAND Telephone no. right arrow

(217) 544-2001

Located at right arrow

209 POWELL PLACEBRENTWOODTN ZIP+4 right arrow

37024

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2022, 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 right arrow

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(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)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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 2022? .............

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)):

At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2022?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2022 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 2022.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2022? ..

Form 990-PF (2022)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
KEITH A HOOGLAND	PRESIDENT 0.50	0	0	0
209 POWELL PLACE BRENTWOOD,TN37024	PRESIDENT 0.50	0	0	0
SUSAN RM HOOGLAND	SECRETARY 0.50	0	0	0
209 POWELL PLACE BRENTWOOD,TN37024	SECRETARY 0.50	0	0	0
KEITH M HOOGLAND	ASSISTANT SECRETARY 0.50	0	0	0
209 POWELL PLACE BRENTWOOD,TN37024	ASSISTANT SECRETARY 0.50	0	0	0
KATHLEEN HOOGLAND	DIRECTOR 0.50	0	0	0
209 POWELL PLACE BRENTWOOD,TN37024	DIRECTOR 0.50	0	0	0
CHARLES E HOOGLAND	DIRECTOR 0.50	0	0	0
209 POWELL PLACE BRENTWOOD,TN37024	DIRECTOR 0.50	0	0	0

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...................				0

Form 990-PF (2022)

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............. right arrow

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


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2022)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

13,288,176

Average of monthly cash balances.......................

1,775,208

Fair market value of all other assets (see instructions)................

16,329,973

Total (add lines 1a, b, and c).........................

31,393,357

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

31,393,357

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

470,900

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

30,922,457

Minimum investment return. Enter 5% (0.05) of line 5................

1,546,123

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.)

Minimum investment return from Part IX, line 6..................

1,546,123

Tax on investment income for 2022 from Part V, line 5.......

26,270

Income tax for 2022. (This does not include the tax from Part V.) ...

1,830

Add lines 2a and 2b............................

28,100

Distributable amount before adjustments. Subtract line 2c from line 1............

1,518,023

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,518,023

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

1,518,023

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,670,954

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

1,670,954

Form 990-PF (2022)

Page 9

Part XII

Undistributed Income (see instructions)

	(a) Corpus	(b) Years prior to 2021	(c) 2021	(d) 2022
1 Distributable amount for 2022 from Part X, line 7				1,518,023
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only.......			1,527,921
b Total for prior years:2020, 20, 20		99,141
3 Excess distributions carryover, if any, to 2022:
a From 2017......
b From 2018......
c From 2019......
d From 2020......
e From 2021......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2022 from Part
XI, line 4: $ 1,670,954
a Applied to 2021, but not more than line 2a			1,527,921
b Applied to undistributed income of prior years (Election required—see instructions).....		List of Attached Documents: // Content 99,141
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2022 distributable amount.....				43,892
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2022.	0			0
(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	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
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......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2021. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2022. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2023 ..........				1,474,131
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) .......	0
8 Excess distributions carryover from 2017 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2023. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2018....
b Excess from 2019....
c Excess from 2020....
d Excess from 2021....
e Excess from 2022....

Form 990-PF (2022)

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 2022, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2022	(b) 2021	(c) 2020	(d) 2019	(e) Total

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 right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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 (2022)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
HARBOR SPRINGS LIBRARY 206 S SPRING ST HARBOR SPRINGS,MI49740		PC	EDUCATION	10,000
UNIVERSITY OF CHICAGO MEDICINE 5841 S MARYLAND AVENUE CHICAGO,IL60637		PC	EDUCATION	714,286
VANDERBILT UNIVERSITY 2201 WEST END AVENUE NASHVILLE,TN37240		PC	EDUCATION	710,000
STANFORD UNIVERSITY 450 SERRA MALL STANFORD,CA94305		PC	EDUCATION	200,000
HARBOR SPRINGS AREA HISTORICAL SOCIETY PO BOX 812 HARBOR SPRINGS,MI49740		PC	CHARITABLE	10,000
Total ................................. 3a				1,644,286

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2022)

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	(e) Related or exempt function income (See instructions.)
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 ...........			14	2,479
4 Dividends and interest from securities ....			14	273,822
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	2,225,661
6 Net rental income or (loss) from personal property
7 Other investment income .....			14	1,793
8 Gain or (loss) from sales of assets other than inventory ............			18	2,057
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aMAKENA K-1 INCOME			14	-99,844
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		2,405,968	0

13Total. Add line 12, columns (b), (d), and (e)..................

2,405,968

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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 (2022)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2022)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2022 AppliedToPriorYearElection

Name:

HOOGLAND FAMILY FOUNDATION

EIN:

36-4427146

Election:

PURSUANT TO IRC SEC. 4942(H)(2) AND REG. 53.4942(A)-3(D)(2), THE HOOGLAND FAMILY FOUNDATION HEREBY ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF 2020 IN THE AMOUNT OF $99,141.

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2022 DepreciationSchedule

Name:

HOOGLAND FAMILY FOUNDATION

EIN:

36-4427146

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income
BAY CITY #17 - SHOPPING CENTER LAND	2001-01-01	54,000		L		0	0
BAY CITY #17 - SHOPPING CENTER BUILDING	2001-01-01	486,000	261,183	SL	39.000000000000	12,462	12,462
BAY CITY #45 - LAND @ 2610 CENTER AVE	2001-12-31	48,500		L		0	0
BAY CITY #45 - BUILDING @ 2610 CENTER AVE	2001-12-31	436,500	223,840	SL	39.000000000000	11,192	11,192
MONMOUTH BUILDING #36	2002-12-31	491,400	239,400	SL	39.000000000000	12,600	12,600
MONMOUTH LAND #36	2002-12-31	54,600		L		0	0
STERLING HEIGHTS #38	1995-03-01	400,000	274,778	SL	39.000000000000	10,256	10,256
STERLING HEIGHTS LAND # 38	1995-03-01	80,000	80,000	150DB	15.000000000000	0	0
COLUMBIA BUILDING #113	2005-01-01	306,000	137,044	SL	39.000000000000	7,846	7,846
COLUMBIA LEASEHOLD IMPROVEMENTS #113	2005-01-01	49,500	49,500	150DB	15.000000000000	0	0
COLUMBIA LAND #113	2005-01-01	94,500		L		0	0
NORTH MUSKEGAN #33	2005-12-31	378,628	155,733	SL	39.000000000000	9,708	9,708
NORTH MUSKEGAN #33	2005-12-31	66,817		L		0	0
GRAND RAPIDS BUILDING # 9	2006-12-31	400,000	332,574	SL	39.000000000000	10,256	10,256
GRAND RAPIDS BUILDING # 9	2006-12-31	113,400		L		0	0
#136 LAND	1998-11-27	441,300		L		0	0
#136 BUILDING	1998-11-27	648,478	405,374	SL	39.000000000000	16,628	16,628
# 55 IONA BUILDING	2007-01-01	600,000	230,134	SL	39.000000000000	15,385	15,385
#55 IONA LAND	2007-01-01	170,000		L		0	0
#444 BUILDING(FORMERLY 436)	2007-01-01	500,652	192,020	SL	39.000000000000	12,837	12,837
#444 LAND(FORMERLY 436)	2007-01-01	160,000		L		0	0
#279 LAND	2002-12-12	347,893		L		0	0
#279 LANDSCAPING	2002-12-12	94,331	94,331	150DB	15.000000000000	0	0
#279 BUILDING	2002-12-12	293,825	156,634	SL	39.000000000000	7,534	7,534
MARION IN #211 LAND	2009-01-01	147,269		L		0	0
MARION IN #211 SITE WORK	2009-01-01	90,183	39,775	150DB	15.000000000000	2,502	6,012
MARION IN #211 BUILDING	2009-01-01	341,765	180,383	SL	39.000000000000	8,763	8,763
DANVILLE IL 705 GILBERT LAND	2009-01-01	20,000		L		0	0
DANVILLE IL 705 GILBERT BUILDING	2009-01-01	400,000	255,551	SL	39.000000000000	10,256	10,256
TULSA #562 LAND	2008-04-05	476,673		L		0	0
TULSA #562 LAND IMPROVEMENTS	2008-04-05	154,045	70,199	150DB	15.000000000000	4,549	10,270
TULSA #562 BUILDING	2008-04-05	753,510	264,859	SL	39.000000000000	19,321	19,321
HILLSDALE	2009-12-31	395,322	206,947	SL	39.000000000000	10,136	10,136
LAND IMPROVEMENTS	2009-12-31	89,799	39,070	150DB	15.000000000000	2,027	5,987
FLINT - LAND	2010-12-31	127,540		L		0	0
FLINT - BUILDING	2010-12-31	876,916	429,089	SL	39.000000000000	22,485	22,485
FLINT - LAND IMPROVEMENTS	2010-12-31	85,027	79,980	150DB	15.000000000000	1,302	5,047
HOBART, IN - #477 LAND	2010-10-01	353,863		L		0	0
HOBART, IN - #477 LAND IMPROVEMENTS	2010-10-01	153,235	130,319	150DB	15.000000000000	5,914	10,216
HOBART, IN - #477 BUILDING	2010-10-01	467,678	188,419	SL	39.000000000000	11,992	11,992
WESTLAND - BUILDING	2011-12-01	490,000	331,901	SL	39.000000000000	12,564	12,564
WESTLAND - LAND IMPROVEMENTS	2011-12-01	80,000	80,000	150DB	15.000000000000	0	0
MARCO'S BUILD OUT #562 TULSA, OK	2012-10-15	73,003	15,795	200DB	7.000000000000	0	0
KALAMAZOO BUILDING	2012-12-31	600,000	355,773	SL	39.000000000000	15,385	15,385
EDEN NC #434 LAND	2013-12-25	309,215		L		0	0
EDEN NC #434 BUILDING	2013-12-25	453,763	145,922	SL	39.000000000000	11,635	11,635
EDEN NC #434 LAND IMPROVEMENTS	2013-12-25	121,937	106,314	150DB	15.000000000000	2,272	8,129
HVAC - STORE 113	2014-10-01	53,445	9,875	SL	39.000000000000	1,370	1,370
DOLLAR GENERAL #92 IMPROVEMENTS	2020-01-06	28,545		150DB	15.000000000000	0	1,903
DIAMOND FAMILY DENTAL #38 IMPROVEMENTS	2020-01-01	47,067		150DB	15.000000000000	0	3,138
ETHOS FOOD GROUP #136 IMPROVEMENTS	2020-01-01	54,818		150DB	15.000000000000	0	3,655
INDEPENDENCE MO #820	2022-09-22	380,000		SL	39.000000000000	2,842	2,842
INDEPENDENCE MO #820	2022-09-22	95,000		L		0	0

- TIN:

TY 2022 InvestmentsCorpStockSchedule

Name:

HOOGLAND FAMILY FOUNDATION

EIN:

36-4427146

Name of Stock	End of Year Book Value	End of Year Fair Market Value
HUNTINGTON	3,291,655	3,635,314
MORGAN STANLEY	9,579,597	8,942,929

- TIN:

TY 2022 InvestmentsLandSchedule2

Name:

HOOGLAND FAMILY FOUNDATION

EIN:

36-4427146

Category/ Item	Cost/Other Basis	Accumulated Depreciation	Book Value
BAY CITY #17 - SHOPPING CENTER LAND	54,000	0	54,000
BAY CITY #17 - SHOPPING CENTER BUILDING	486,000	273,645	212,355
BAY CITY #45 - LAND @ 2610 CENTER AVE	48,500	0	48,500
BAY CITY #45 - BUILDING @ 2610 CENTER AVE	436,500	235,032	201,468
MONMOUTH BUILDING #36	491,400	252,000	239,400
MONMOUTH LAND #36	54,600	0	54,600
STERLING HEIGHTS #38	400,000	285,034	114,966
STERLING HEIGHTS LAND # 38	80,000	80,000	0
COLUMBIA BUILDING #113	306,000	144,890	161,110
COLUMBIA LEASEHOLD IMPROVEMENTS #113	49,500	49,500	0
COLUMBIA LAND #113	94,500	0	94,500
NORTH MUSKEGAN #33	378,628	165,441	213,187
NORTH MUSKEGAN #33	66,817	0	66,817
GRAND RAPIDS BUILDING # 9	400,000	342,830	57,170
GRAND RAPIDS BUILDING # 9	113,400	0	113,400
#136 LAND	441,300	0	441,300
#136 BUILDING	648,478	422,002	226,476
# 55 IONA BUILDING	600,000	245,519	354,481
#55 IONA LAND	170,000	0	170,000
#444 BUILDING(FORMERLY 436)	500,652	204,857	295,795
#444 LAND(FORMERLY 436)	160,000	0	160,000
#279 LAND	347,893	0	347,893
#279 LANDSCAPING	94,331	94,331	0
#279 BUILDING	293,825	164,168	129,657
MARION IN #211 LAND	147,269	0	147,269
MARION IN #211 SITE WORK	90,183	87,369	2,814
MARION IN #211 BUILDING	341,765	189,146	152,619
DANVILLE IL 705 GILBERT LAND	20,000	0	20,000
DANVILLE IL 705 GILBERT BUILDING	400,000	265,807	134,193
TULSA #562 LAND	476,673	0	476,673
TULSA #562 LAND IMPROVEMENTS	154,045	151,771	2,274
TULSA #562 BUILDING	753,510	284,180	469,330
HILLSDALE	395,322	217,083	178,239
LAND IMPROVEMENTS	89,799	85,997	3,802
FLINT - LAND	127,540	0	127,540
FLINT - BUILDING	876,916	451,574	425,342
FLINT - LAND IMPROVEMENTS	85,027	81,282	3,745
HOBART, IN - #477 LAND	353,863	0	353,863
HOBART, IN - #477 LAND IMPROVEMENTS	153,235	136,233	17,002
HOBART, IN - #477 BUILDING	467,678	200,411	267,267
WESTLAND - BUILDING	490,000	344,465	145,535
WESTLAND - LAND IMPROVEMENTS	80,000	80,000	0
MARCO'S BUILD OUT #562 TULSA, OK	73,003	73,003	0
KALAMAZOO BUILDING	600,000	371,158	228,842
EDEN NC #434 LAND	309,215	0	309,215
EDEN NC #434 BUILDING	453,763	157,557	296,206
EDEN NC #434 LAND IMPROVEMENTS	121,937	108,586	13,351
HVAC - STORE 113	53,445	11,245	42,200
DOLLAR GENERAL #92 IMPROVEMENTS	28,545	28,545	0
DIAMOND FAMILY DENTAL #38 IMPROVEMENTS	47,067	47,067	0
ETHOS FOOD GROUP #136 IMPROVEMENTS	54,818	54,818	0
INDEPENDENCE MO #820	380,000	2,842	377,158
INDEPENDENCE MO #820	95,000	0	95,000

- TIN:

TY 2022 InvestmentsOtherSchedule2

Name:

HOOGLAND FAMILY FOUNDATION

EIN:

36-4427146

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MAKENA SIDE POCKET	AT COST	839,303	839,303

- TIN:

TY 2022 OtherAssetsSchedule

Name:

HOOGLAND FAMILY FOUNDATION

EIN:

36-4427146

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
CONSTRUCTION IN PROGRESS		74,945	74,945

- TIN:

TY 2022 OtherExpensesSchedule

Name:

HOOGLAND FAMILY FOUNDATION

EIN:

36-4427146

Description	Revenue and Expenses per Books	Net Investment Income
UTILITIES & MAINTENANCE	227,587	227,587
BANK CHARGES	95	95
INSURANCE	20,297	20,297
COMMISSION	12,987	12,987
OTHER	2,269	2,269

- TIN:

TY 2022 OtherIncomeSchedule2

Name:

HOOGLAND FAMILY FOUNDATION

EIN:

36-4427146

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
MAKENA K-1 INCOME	0	-15,887	0
ORION K-1 INCOME	0	16,811	0
OTHER INCOME	1,793	0	1,793
MAKENA K-1 INCOME	-99,844		-99,844

- TIN:

TY 2022 OtherIncreasesSchedule

Name:

HOOGLAND FAMILY FOUNDATION

EIN:

36-4427146

Description	Amount
CHANGE IN VALUE	3,287,096

- TIN:

TY 2022 OtherProfessionalFeesSchedule

Name:

HOOGLAND FAMILY FOUNDATION

EIN:

36-4427146

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES	71,984	71,984		0
PROFESSIONAL FEES	26,668	0		26,668

- TIN:

TY 2022 TaxesSchedule

Name:

HOOGLAND FAMILY FOUNDATION

EIN:

36-4427146

Category	Amount	Net Investment Income
EXCISE TAXES	88,614	0
FOREIGN TAXES	3,333	10,075
REAL ESTATE TAXES	286,159	286,159