Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 20,045,000 | 442,948 | 20,487,948 | |||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 20,045,000 | 442,948 | 20,487,948 | |||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | 20,487,948 | |||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 20,045,000 | 442,948 | 20,487,948 | |||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 313,089 | 540,296 | 853,385 | |||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | 21,341,333 | |||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2023 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2023 |
(iii) Distributable Amount for 2023 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2023 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2023 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2023: | ||||
| a From 2018....... | ||||
| b From 2019....... | ||||
| c From 2020....... | ||||
| d From 2021....... | ||||
| e From 2022....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2023 distributable amount | ||||
|
i
Carryover from 2018 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2023 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2023 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2023, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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6
Remaining underdistributions for 2023. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2024. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2019..... | ||||
| b Excess from 2020..... | ||||
| c Excess from 2021..... | ||||
| d Excess from 2022..... | ||||
| e Excess from 2023..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
| Return Reference | Explanation |
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| FORM 990, PART VI, SECTION A, LINE 4 | EFFECTIVE JANUARY 18, 2024, AND PURSUANT TO THE APPROVAL FROM ITS SOLE MEMBER, THE ORGANIZATION'S BOARD OF DIRECTORS APPROVED AMENDMENTS TO ITS CERTIFICATE OF INCORPORATION AND BYLAWS TO PROVIDE THAT THE MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS SHALL SERVE AS ITS MEMBER AND TO PROVIDE THAT ALL AUTHORITY PREVIOUSLY VESTED IN THE MEMBER, INCLUDING THE RIGHT TO ELECT AND REMOVE DIRECTORS AND APPROVE SIGNIFICANT TRANSACTIONS, SUCH AS MERGER, CONSOLIDATION, DISSOLUTION AND APPROVAL OF AMENDMENTS TO ITS CERTIFICATE OF INCORPORATION AND BYLAWS, SHALL BE NOW BE VESTED IN AND EXERCISED BY ITS BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE SOLE MEMBER OF HPF WAS ZZYZX FOUNDATION, INC. UNTIL JANUARY 18, 2024. SEE FORM 990, PART VI, LINE 4 DISCLOSURE FOR DETAILS REGARDING THE AMENDMENTS TO THE BYLAWS AND ARTICLES OF INCORPORATION, WHICH REMOVED THE SOLE MEMBER AS OF JANUARY 18, 2024. |
| FORM 990, PART VI, SECTION A, LINE 7A | PRIOR TO EFFECTING AMENDMENTS TO ITS CERTIFICATE OF INCORPORATION AND BYLAWS ON JANUARY 18, 2024, THE ORGANIZATION'S SOLE MEMBER HAD THE RIGHT TO ELECT AND REMOVE DIRECTORS AND TO APPROVE OTHER SIGNIFICANT TRANSACTIONS, SUCH AS MERGER, CONSOLIDATION, DISSOLUTION, AND AMENDMENTS TO THE ORGANIZATION'S CERTIFICATE OF INCORPORATION AND BYLAWS. AS NOTED, IN RESPONSE TO PART VI, SECTION A, LINE 4 ABOVE, EFFECTIVE JANUARY 18, 2024, AND WITH THE APPROVAL OF ITS SOLE MEMBER, THE ORGANIZATION EFFECTED AMENDMENTS TO ITS CERTIFICATE OF INCORPORATION AND BYLAWS TO PROVIDE THAT THE MEMBERS OF ITS BOARD OF DIRECTORS SHALL SERVE AS THE ORGANIZATION'S MEMBER, AND THAT ALL AUTHORITY PREVIOUSLY HELD AND EXERCISED BY THE MEMBER SHALL NOW BE HELD AND EXERCISED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | SEE RESPONSE TO PART VI, SECTION A, LINE 7A ABOVE. |
| FORM 990, PART VI, SECTION B, LINE 11B | WITH ASSISTANCE FROM LEGAL COUNSEL, THE EXECUTIVE DIRECTOR REVIEWS THE COMPLETED FORM 990 INTERNALLY FOR HOME PLANET FUND. FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR, OFFICER, AND EXECUTIVE SHALL ANNUALLY SIGN A DISCLOSURE STATEMENT WHICH AFFIRMS: (1) THEY HAVE RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY AND PROCEDURES; (2) THEY HAVE AGREED TO COMPLY WITH THE POLICY; (3) THEY HAVE DISCLOSED ALL FINANCIAL TRANSACTIONS OF HOME PLANET FUND IN WHICH THEY MIGHT HAVE A FINANCIAL BENEFIT; AND (4) THEY WILL NOTIFY THE CHAIR IF THEY BECOME AWARE OF ANY ERROR OR MATERIAL CHANGE IN THE INFORMATION PROVIDED IN THEIR ANNUAL STATEMENT. EACH MEMBER OF THE BOARD (EACH, A "DIRECTOR") OR ANY COMMITTEE OF THE BOARD IS EXPECTED TO USE GOOD JUDGMENT, TO ADHERE TO HIGH ETHICAL STANDARDS, AND TO CONDUCT THEIR AFFAIRS IN SUCH A MANNER AS TO AVOID ANY ACTUAL OR POTENTIAL CONFLICT BETWEEN THE DIRECTOR'S PERSONAL INTERESTS OR THE INTERESTS OF ANOTHER ENTITY, ON THE ONE HAND, AND THE INTERESTS OF HOME PLANET FUND ON THE OTHER HAND. BOTH THE FACT AND THE APPEARANCE OF A CONFLICT OF INTEREST SHOULD BE AVOIDED. TRANSACTIONS THAT PROVIDE FINANCIAL BENEFIT OR COMPENSATION TO DIRECTORS, OFFICERS, OR EXECUTIVE ARE NOT FORBIDDEN BY THE CONFLICT OF INTEREST POLICY. RATHER SUCH TRANSACTIONS MUST BE DISCLOSED AND REVIEWED AND APPROVED BY THE BOARD OR A BOARD COMMITTEE. A DIRECTOR, OFFICER, OR EXECUTIVE MUST DISCLOSE TO THE CHAIR THE EXISTENCE OF A FINANCIAL BENEFIT THAT MIGHT RESULT FROM ANY PROPOSED FINANCIAL TRANSACTION INVOLVING HOME PLANET FUND. THE BOARD MAY CREATE A CONFLICTS COMMITTEE AUTHORIZED TO REVIEW TRANSACTIONS AND TO DETERMINE CONFLICTS OF INTEREST WHERE RELIANCE ON A COMMITTEE IS PERMITTED BY LAW AND HPF'S BYLAWS. THE MEMBERS OF SUCH CONFLICTS COMMITTEE MUST CONSIST EXCLUSIVELY OF DIRECTORS WHO ARE NOT RELATED TO OR SUBJECT TO THE CONTROL OF THE PERSON DISCLOSING THE FINANCIAL INTEREST OR POTENTIAL CONFLICT. NEVERTHELESS, FINAL RESPONSIBILITY FOR IDENTIFYING AND RESOLVING CONFLICTS OF INTEREST RESTS ON THE BOARD. WHEN A DIRECTOR, OFFICER, EXECUTIVE OR THEIR FAMILY MEMBERS HAS A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST IN A PROPOSED TRANSACTION, THE DIRECTOR, OFFICER OR EXECUTIVE SHALL: DISCLOSE SUCH AFFILIATION OR ARRANGEMENT IN ACCORDANCE WITH THIS POLICY; AND, UNLESS OTHERWISE DETERMINED BY THE BOARD, RECUSE THEMSELVES FROM ANY DISCUSSION OR VOTE BY THE BOARD REGARDING ANY ARRANGEMENT BETWEEN HOME PLANET FUND AND ANY SUCH ENTITY; PROVIDED, HOWEVER, THAT THE DIRECTOR, OFFICER OR EXECUTIVE MAY, AT THE REQUEST OF THE BOARD, ANSWER QUESTIONS OR PROVIDE ADDITIONAL INFORMATION TO THE BOARD REGARDING ANY SUCH AFFILIATION OR ARRANGEMENT. THE BOARD OR COMMITTEE'S REVIEW OF ANY CONFLICT OF INTEREST TRANSACTION WILL REQUIRE INVESTIGATING AND GATHERING INFORMATION AND DATA ON COMPARABLE TRANSACTIONS OR COMPENSATION ARRANGEMENTS AND/OR FAIR MARKET VALUE, AND DEVELOPING A REPORT THAT ADEQUATELY DOCUMENTS THE BASIS FOR THE BOARD OR COMMITTEE'S FINDINGS AND DETERMINATION. THE BOARD OR COMMITTEE MAY APPROVE A FINANCIAL TRANSACTION THAT PROVIDES A FINANCIAL BENEFIT TO A DIRECTOR, OFFICER, OR EXECUTIVE ONLY IF IT DETERMINES, UPON REVIEW OF THE FACTS AND RESULTS OF ITS INVESTIGATION, THAT THE VALUE OF THE FINANCIAL BENEFIT DOES NOT EXCEED THE VALUE RECEIVED BY THE ORGANIZATION. FOR ANY MATTER IN WHICH A DIRECTOR RECEIVES A FINANCIAL BENEFIT, THE FOLLOWING ADDITIONAL PROCEDURES AND FINDINGS ARE REQUIRED BEFORE THE BOARD OR COMMITTEE MAY APPROVE THE FINANCIAL TRANSACTION, SUCH BODY DETERMINES IN GOOD FAITH THAT A) THE ORGANIZATION WILL ENTER INTO THE FINANCIAL TRANSACTION FOR ITS OWN BENEFIT; B) FINANCIAL TRANSACTION IS FAIR AND REASONABLE TO THE ORGANIZATION; AND C) AFTER REASONABLE INVESTIGATION THAT ORGANIZATION COULD NOT HAVE OBTAINED A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORT UNDER THE CIRCUMSTANCES. |
| FORM 990, PART VI, SECTION B, LINE 15 | HOME PLANET FUND'S BOARD OF DIRECTORS HAS APPROVED A COMPENSATION POLICY, WHICH SETS FORTH THE BOARD'S REVIEW AND APPROVAL OF COMPENSATION AND BENEFITS PROVIDED TO HOME PLANET FUND'S EXECUTIVES. THE PURPOSE OF THE POLICY IS TO ENSURE THAT THE BOARD CARRIES OUT ITS RESPONSIBILITIES AND THAT TOTAL COMPENSATION, INCLUDING ANY BONUS OPPORTUNITIES, PAID TO THE EXECUTIVES IS REASONABLE AND IS CONSISTENT WITH HOME PLANET FUND'S PURPOSES. THE POLICY FURTHER SETS FORTH A PROCESS FOR THE BOARD TO APPROVE COMPENSATION FOLLOWING PROCEDURES UNDER THE TAX LAW TO ENSURE THAT COMPENSATION TRANSACTIONS DO NOT RESULT IN EXCESS BENEFIT TRANSACTIONS, AND SPECIFICALLY, IF DESIRED, TO ESTABLISH A "REBUTTABLE PRESUMPTION OF REASONABLENESS" WITH RESPECT TO ANY SPECIFIC COMPENSATION ARRANGEMENT. SPECIFICALLY, TO ENSURE COMPENSATION PAID TO ITS EXECUTIVES IS REASONABLE, HOME PLANET FUND WILL GATHER, OR WILL, AS APPLICABLE, DIRECT A COMPENSATION CONSULTANT TO GATHER, APPROPRIATE COMPARABILITY DATA (E.G. EITHER PUBLISHED OR SPECIALLY CONDUCTED COMPENSATION SURVEYS) THAT INCLUDES TOTAL COMPENSATION PAID BY SIMILARLY SITUATED ORGANIZATIONS FOR POSITIONS THAT ARE FUNCTIONALLY COMPARABLE TO EACH OF THE EXECUTIVES. COMPARABILITY DATA SHOULD COVER EMPLOYEES WITH COMPARABLE RESPONSIBILITIES TO THE EXECUTIVES AT A SIGNIFICANT NUMBER OF ORGANIZATIONS, AND SHOULD BE SORTED BY A NUMBER OF DIFFERENT VARIABLES, INCLUDING: THE SIZE OF THE ORGANIZATION, THE GEOGRAPHIC LOCATION OF THE ORGANIZATION, THE NATURE OF THE SERVICES THE ORGANIZATION PROVIDES, WHETHER THE ORGANIZATION IS A NONPROFIT OR FOR PROFIT, THE LEVEL OF EXPERIENCE AND SPECIFIC RESPONSIBILITIES OF THE EMPLOYEES SURVEYED, AND THE COMPOSITION OF THE COMPENSATION PACKAGES OFFERED TO EMPLOYEES AT THOSE ORGANIZATIONS. THE BOARD WILL THEN CONSIDER THE SIGNIFICANT TERMS OF THE ARRANGEMENT WITH EACH EXECUTIVE INCLUDING THE TOTAL COMPENSATION TO BE PAID AND THE EXECUTIVE'S DUTIES AND RESPONSIBILITIES BASED UPON THE COMPARABILITY DATA. THE, THE BOARD WILL THOROUGHLY REVIEW AND DISCUSS THE COMPARABILITY DATA TO DETERMINE WHETHER THE TOTAL COMPENSATION FOR EACH OF THE EXECUTIVES IS REASONABLE, TAKING INTO CONSIDERATION THE JOB DUTIES OF EACH POSITION AND THE PERFORMANCE OF EACH EXECUTIVE. IF APPLICABLE, THE BOARD ALSO WILL CONSIDER ANY OPINIONS FROM COMPENSATION CONSULTANTS CONCERNING THE REASONABLENESS OF EXECUTIVE COMPENSATION AND ANY OPINIONS OBTAINED FROM LEGAL OR OTHER CONSULTANTS IN THEIR RESPECTIVE AREAS OF EXPERTISE. WITH RESPECT TO OTHER HPF-PAID EMPLOYEES, THE BOARD HAS DELEGATED THE REVIEW AND APPROVAL OF SUCH COMPENSATION ARRANGEMENTS TO HOME PLANET FUND'S EXECUTIVE DIRECTOR, WHO WILL GENERALLY FOLLOW A PROCESS SIMILAR TO THAT OF THE BOARD DESCRIBED ABOVE. |
| FORM 990, PART VI, SECTION C, LINE 19 | HOME PLANET FUND MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE AND/OR UPON REQUEST |
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