WELBORN-PAYNE ENDOWMENT TRUST: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- WELBORN-PAYNE ENDOWMENT TRUST (EIN 75-6435671)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-05-15
- IRS object ID
- 202501359349104840
- Schema version
- 2024v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-15T16:46:33-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 750882037 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLINGER SEGARS GILBERT AND MOSS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8215 NASHVILLE AVENUE | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79423 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 756435671 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WELBORN-PAYNE ENDOWMENT TRUST | BusinessNameLine1Txt |
| Business Name Line2 | C/O PROSPERITY BANK TRUSTEE | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WELB | BusinessNameControlTxt |
| Phone | 8067677000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1401 AVENUE Q | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 794013819 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PROSPERITY BANK | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 8067677000 | PhoneNum |
| Signature | 2025-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATT R WILLIS | PreparerPersonNm |
| PTIN | P00419741 | PTIN |
| Phone | 8067473806 | PhoneNum |
| Preparation | 2025-05-15 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $77,569,751 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $33,934,993 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $243,174 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $38,188 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,057,205 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,057,205 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $58,822 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $58,822 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $46,367 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $3,259,122 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,975,752 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,259,122 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $607,961 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $493,818 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $39,161,277 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,907,155 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $185,554 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $92,777 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $92,777 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $5,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $4,125 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $1,375 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $81,147 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $41,474 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $61,153 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $54,619 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $2,019 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $2,019 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $0 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $98,433 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $98,433 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $433,806 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $293,447 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $94,152 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,831,020 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,831,020 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,264,826 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $293,447 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,925,172 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $36,896,451 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $4,613,708 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash EOY | $879 | CashEOYAmt |
| Cash EOYFMV | $879 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,479,860 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $4,406,548 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $4,406,548 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $14,807 | AcctRcvblAmt |
| Acct Rcvbl BOY | $25,472 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $14,807 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $14,807 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl | $30,203,337 | PledgesRcvblAmt |
| Pledges Rcvbl BOY | $16,443 | PledgesRcvblBOYAmt |
| Pledges Rcvbl EOY | $30,203,337 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $30,203,337 | PledgesRcvblEOYFMVAmt |
| Invst Land Cost Or Other Basis | $120,000 | InvstLandCostOrOtherBasisAmt |
| Land Bldg Investments BOY | $120,000 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $120,000 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $381,984 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $35,192,329 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $38,950,257 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $40,986,289 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $353,023 | OtherAssetsBOYAmt |
| Other Assets EOY | $387,750 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,575,907 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $37,187,127 | TotalAssetsBOYAmt |
| Total Assets EOY | $74,083,578 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $77,569,751 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $37,161,157 | CapitalStockBOYAmt |
| Capital Stock EOY | $74,057,608 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $25,970 | RetainedEarningBOYAmt |
| Retained Earning EOY | $25,970 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $37,187,127 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $74,083,578 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $37,187,127 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $74,083,578 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $37,187,127 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $36,896,451 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $74,083,578 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $74,083,578 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| PUPLICLY TRADED SECURITIES | $2,576,379 | $1,703,101 | $873,278 | $873,278 | |
| JAMES T.S. TRUST | $13,529 | -$13,529 | -$13,529 | P | |
| CAPITAL GAINS DIVIDENDS | $2,399,373 | $2,399,373 | $2,399,373 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,259,122 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $64,131 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $64,131 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $64,131 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $24,823 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $24,823 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $2,106 | EsPenaltyAmt |
| Tax Due | $41,414 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | TX | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | TROY HARRISON PROSPERITY BANK | IndividualWithBooksNm |
| Phone | 8067677000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1401 AVENUE Q | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PROSPERITY BANK | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1401 AVENUE Q | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 794013819 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | TRUSTEE | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 10.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $185,554 | CompensationAmt |
| Employee Benefit Program | $0 | EmployeeBenefitProgramAmt |
| Expense Account Other Allwnc | $0 | ExpenseAccountOtherAllwncAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $52,242,684 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,356,220 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,813,098 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $55,412,002 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $55,412,002 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $831,180 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $54,580,822 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,729,041 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,729,041 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $64,131 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $30,546 | IncomeTaxAmt |
| Total Tax | $94,677 | TotalTaxAmt |
| Distributable Before Adj | $2,634,364 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,634,364 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,634,364 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,925,172 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,925,172 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,634,364 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,543,893 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,925,172 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,543,893 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $381,279 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $2,253,085 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | PROSPERITY BANK TRUST DEPARTMENT AT | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1401 AVE Q | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 8067412174 | RecipientPhoneNum |
| Recipient Email Address | TROY.HARRISON@PROSPERITYBANKUSA.COM | RecipientEmailAddressTxt |
| Form And Info And Materials | ONE PAGE APPLICATION WITH NAME, ADDRESS AND CONTACT INFORMATION. A STATEMENT ADDRESSING WHY THE GRANT IS BEING REQUESTED. A DESCRIPTION NOT TO EXCEED 5 PAGES DETAILING THE 1) BACKGROUND OF THE ORGANIZATION, 2) DESCRIPTION OF PROPOSED PROJECT, 3) PLAN FOR SUSTAINING PROJECT AFTER GRANT FUNDS ARE EXHAUSTED, 4) PLAN FOR MAINTENANCE AND UPKEEP OF BUILDING OR EQUIPMENT, IF APPLICABLE, AND 5) PLAN FOR EVALUATING THE EFFECTIVENESS OF THE PROJECT. BUDGET - 1) HOW REQUESTED FUNDS WILL BE USED, 2) TOTAL COST OF PROJECT, 3) OTHER SOURCES OF FUNDS, 4) APPLICATIONS PENDING, 5) DO YOU FILE AN IRS FORM 990. REQUIRED ATTACHMENTS - 1) A COPY OF THE IRS FEDERAL TAX EXEMPTION LETTER, 2) LIST OF BOARD MEMMERS WITH OCCUPATION AND COMMUNITY AFFILIATIONS, 3) LIST OF KEY STAFF WITH QUALIFICATIONS, 4) TIMELINE FOR PROJECT/PROGRAM COMPLETION, 5) A COPY OF THE FIRST TWO PAGES OF THE MOST RECENT IRS FORM 990 | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | JANUARY 31 | SubmissionDeadlinesTxt |
| Restrictions On Awards | GRANTS WILL NOT BE MADE TO INDVIDUALS, NON-GOVERNMENT POLITICAL ORGANIZATIONS, ORGANIZATIONS WHO TRY TO INFLUENCE LEGISLATION, ORGANIZATIONS NOT EXEMPT UNDER IRC SECTION 501(C)(3) OR QUALIFY UNDER CODE SECTION 170(C)(1) OR (C)(2)(B), AND ANY PERSON OR ENTITY THAT WOULD CAUSE SUCH GRANT TO BE A TAXABLE EXPENDITURE UNDER THE INTERNAL REVENUE CODE. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (19 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BALLET LUBBOCK | |||||||
| 1300 MAC DAVIS LANE STE 1 | LUBBOCK | TX | 79401 | N/A | PC | TO SUPPORT PRE-PROFESSIONAL DANCE EDUCATION AND PERFORMANCES | $120,000 |
| BRIDGES TO LIFE | |||||||
| PO BOX 570895 | HOUSTON | TX | 77257 | N/A | PC | TO ASSET WITH THE REHABILITATION OF INMATES | $10,000 |
| CASA OF THE SOUTH PLAINS INC | |||||||
| 4601 S LOOP 289 STE 25 | LUBBOCK | TX | 79401 | N/A | PC | TO SUPPORT THE MISSION OF CASA IN RECRUITING AND TRAINING VOLUNTEERS TO SERVE AS ADVOCATES FOR ABUSED AND NEGLECTED CHILDREN | $50,000 |
| COMMUNITY HEALTH CENTER OF LUBBOCK | |||||||
| 1610 5TH ST | LUBBOCK | TX | 79401 | N/A | PC | TO ASSIST WITH PROVIDING HEALTH CARE SERVICES TO THE NEEDY | $100,000 |
| FIRST UNITED METHODIST CHURCH | |||||||
| 1411 BROADWAY | LUBBOCK | TX | 79401 | N/A | PC | TO SUPPORT THE MISSION OF THE METHODIST CHURCH | $200,000 |
| FIRST UNITED METHODIST CHURCH-EVERLIVING CHURCH TRUST | |||||||
| 1411 BROADWAY | LUBBOCK | TX | 79401 | N/A | PC | RELIGIOUS | $3,108 |
| HIGH POINT VILLAGE | |||||||
| 6223 COUNTY ROAD 6300 | LUBBOCK | TX | 79416 | N/A | PC | TO PROVIDE FUNDS FOR THE INTELLECTUALLY DISABLED. | $60,000 |
| LUBBOCK AREA UNITED WAY | |||||||
| 1655 MAIN ST STE 101 | LUBBOCK | TX | 79401 | N/A | PC | TO SUPPORT THE ORGANIZATIONS ASSOCIATED WITH UNITED WAY | $30,000 |
| LUBBOCK ARTS ALLIANCE | |||||||
| PO BOX 5092 | LUBBOCK | TX | 79408 | N/A | PC | TO SUPPORT AND FOSTER THE CREATION, UNDERSTANDING AND ENJOYMENT OF THE ARTS | $30,000 |
| LUBBOCK MEALS ON WHEELS | |||||||
| 2403 34TH STREET | LUBBOCK | TX | 79411 | N/A | PC | TO PROVIDE MEALS FOR INDIVIDUALS | $102,000 |
| LUBBOCK PUBLIC MEDIA | |||||||
| 620 AVE O | LUBBOCK | TX | 79401 | N/A | PC | TO SUPPORT THE GROWTH OF CLASSICAL MUSIC IN LUBBOCK | $150,000 |
| LUBBOCK WOMENS CLUB | |||||||
| 2020 BROADWAY | LUBBOCK | TX | 79401 | N/A | PC | TO FUND SPEAKER SERIES | $100,000 |
| NAVIGATORS FIRST RESPONDER MINISTRY | |||||||
| PO BOX 6000 | COLORADO SPRINGS | CO | 80934 | N/A | PC | TO FUND THE MINISTRY OF SHARING THE GOSPEL OF JESUS. | $26,250 |
| SCIENCE SPECTRUM INC | |||||||
| 2579 S LOOP 289 250 | LUBBOCK | TX | 79423 | N/A | PC | TO FUND THE ACTIVITIES OF THE MUSEUM. | $98,563 |
| SOUTH PLAINS FOOD BANK | |||||||
| 5605 MLK JR BLVD | LUBBOCK | TX | 79404 | N/A | PC | ASSIST THE HUNGRY | $200,000 |
| TEXAS BOYS RANCH FOUNDATION | |||||||
| PO BOX 5665 | LUBBOCK | TX | 79408 | N/A | SO III FI | FOSTER CHILDREN | $126,599 |
| TEXAS TECH FOUNDATION | |||||||
| PO BOX 41081 | LUBBOCK | TX | 79409 | N/A | PC | TO FUND PUBLIC BROADCASTING STATION KTTZ-FM | $150,000 |
| THE SALVATION ARMY | |||||||
| 1614 AVE J | LUBBOCK | TX | 79401 | N/A | PC | TO PROVIDE FUNDS TO HELP SATISFY HUMAN NEEDS, AND PROVIDE DISASTER SUPPORT. | $124,500 |
| THE WESLEY AT TEXAS TECH UNIVERSITY | |||||||
| 2420 15TH STREET | LUBBOCK | TX | 79401 | N/A | PC | TO ASSIST WITH RAISING THE NEXT GENERATION OF CHRISTIAN LEADERS | $150,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,831,020 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $243,174 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,057,205 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $46,367 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $493,818 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $3,259,122 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|
| CEP, JR LTD ORDINARY BUSINESS INCOME | 211100 | -$5,474 |
| J.M. WELBORN TRUST - OIL & GAS WORKING INTEREST | 211100 | $119,617 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $114,143 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $5,099,686 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $5,213,829 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (5 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| JM WELBORN TRUST | |||||||
| 1 | C/O PROSPERITY BANK 1401 AVENUE Q | LUBBOCK | TX | 794013819 | $75,748 | Yes (X) | |
| JAMES TS WELBORN CHARITABLE REMAINDER ANNUITY TRUST | |||||||
| 2 | C/O PROSPERITY BANK 1401 AVENUE Q | LUBBOCK | TX | 794013819 | $3,396,962 | Yes (X) | |
| JAMES TS WELBORN 1992 TRUST | |||||||
| 3 | C/O PROSPERITY BANK 1401 AVENUE Q | LUBBOCK | TX | 794013819 | $1,070,532 | Yes (X) | |
| JAMES TS WELBORN | |||||||
| 4 | C/O PROSPERITY BANK 1401 AVENUE Q | LUBBOCK | TX | 794013819 | $187,467 | Yes (X) | |
| JAMES TS WELBORN CHARITABLE REMAINDER UNITRUST | |||||||
| 5 | C/O PROSPERITY BANK 1401 AVENUE Q | LUBBOCK | TX | 794013819 | $29,203,477 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp (3 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 2 | PUBLICLY TRADED SECURITIES | $3,396,962 | 2024-12-30 |
| 3 | PUBLICLY TRADED SECURITIES AND 34.407 ACRES IN WOOD COUNTY TX. | $1,070,532 | 2024-12-30 |
| 5 | PUBLICLY TRADED SECURITIES, MINERAL INTERESTS AND 80.873 ACRES WOOD COUNTY TX. | $29,023,477 | 2024-07-07 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $5,500 | Amt |
| Net Investment Income | $4,125 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $1,375 | DisbursementsCharitablePrpsAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| LTD. PARTNERSHIP INTEREST/CLOSELY HELD STOCK | AT COST | $3,785,425 | $1,252,898 |
| STOCK MUTUAL FUNDS | AT COST | $32,964,372 | $38,286,125 |
| MINERAL INTERESTS | AT COST | $735,257 | $33,174 |
| MUNICIPAL BONDS & NOTES | AT COST | $1,465,203 | $1,414,092 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REMAINDER INTEREST IN REAL PROPERTY | Desc |
| BOY Book Value | $353,023 | BOYBookValueAmt |
| EOY Book Value | $387,750 | EOYBookValueAmt |
| EOYFMV | $1,575,907 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PASSTHROUGH PORTFOLIO DEDUCTIONS FROM K-1 | $28,011 | $28,011 | $0 |
| MISCELLANEOUS | $37 | $37 | $0 |
| OTHER DEDUCTIONS ON ROYALTIES | $3,993 | $3,993 | $0 |
| TRUSTEE FEES | $66,392 | $66,392 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| CEP, JR LTD NET ROYALTIES PER K-1 | $3,244 | $3,244 | $3,244 |
| ROYALTY INCOME | $198,345 | $198,345 | $198,345 |
| J.M. WELBORN TRUST - ROYALTIES | $292,229 | $292,229 | $292,229 |
| CEP, JR LTD ORDINARY BUSINESS INCOME | -$5,474 | -$5,474 | |
| J.M. WELBORN TRUST - OIL & GAS WORKING INTEREST | $119,617 | $119,617 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $20,951 | $20,951 | $0 |
| SEVERANCE TAXES ON ROYALTIES | $9,267 | $9,267 | $0 |
| FEDERAL INCOME AND EXCISE TAX | $39,673 | $0 | $0 |
| STATE INCOME TAX | $820 | $820 | $0 |
| PROPERTY TAXES | $10,436 | $10,436 | $0 |