WELBORN-PAYNE ENDOWMENT TRUST: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- WELBORN-PAYNE ENDOWMENT TRUST (EIN 75-6435671)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-05-08
- IRS object ID
- 202311289349104056
- Schema version
- 2022v5.0
- 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
- 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 | 2023-05-08T16:22:36-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | 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 | 2022-01-01 | 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 | 2023-05-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | PROSPERITY | PersonFirstNm |
| Person Last | BANK | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| 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 | 2023-05-02 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $33,827,012 | 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 | $132,923 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $24,448 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $24,448 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $518,074 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $518,074 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $27,712 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $27,712 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $24,955 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $1,046,611 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,978,888 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,046,611 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $733,913 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $410,363 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,483,681 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,027,208 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $125,735 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $62,867 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $62,868 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $5,200 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $3,900 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $1,300 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $205,510 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $14,836 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $84,111 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $72,792 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $966 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $966 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $0 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $27,157 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $27,157 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $448,679 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $182,518 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $64,168 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,777,675 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,777,675 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,226,354 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $182,518 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,841,843 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $257,327 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,844,690 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash EOY | $819 | CashEOYAmt |
| Cash EOYFMV | $819 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $3,225,593 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,830,492 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,830,492 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl BOY | $10,881 | AcctRcvblBOYAmt |
| Pledges Rcvbl | $587 | PledgesRcvblAmt |
| Pledges Rcvbl BOY | $18,109 | PledgesRcvblBOYAmt |
| Pledges Rcvbl EOY | $587 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $587 | 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 | $282,642 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $32,904,645 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $34,584,657 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $30,404,713 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $353,023 | OtherAssetsBOYAmt |
| Other Assets EOY | $353,023 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,307,759 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $36,632,251 | TotalAssetsBOYAmt |
| Total Assets EOY | $36,889,578 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $33,827,012 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $36,606,281 | CapitalStockBOYAmt |
| Capital Stock EOY | $36,863,608 | 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 | $36,632,251 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $36,889,578 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $36,632,251 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $36,889,578 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $36,632,251 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $257,327 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $36,889,578 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $36,889,578 | 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 |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | $2,156,157 | $1,932,277 | $223,880 | $223,880 | |
| CEP JR LTD K-1 | $49 | $49 | $49 | P | |
| CAPITAL GAINS DIVIDENDS | $822,682 | $822,682 | $822,682 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,046,611 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $25,641 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $25,641 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $25,641 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $59,612 | 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 | $59,612 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $33,971 | OverpaymentAmt |
| Applied To ES Tax | $33,971 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
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 | $125,735 | 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 | $31,844,098 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,559,842 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,539,329 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $34,943,269 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $34,943,269 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $524,149 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $34,419,120 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,720,956 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,720,956 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $25,641 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $112,810 | IncomeTaxAmt |
| Total Tax | $138,451 | TotalTaxAmt |
| Distributable Before Adj | $1,582,505 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,582,505 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,582,505 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,841,843 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,841,843 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,582,505 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,775,592 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,841,843 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,775,592 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $66,251 | 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 | $1,516,254 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (17 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 | $115,000 |
| 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 | $60,000 |
| 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 |
| FAMILY COUNSELING SERVICES | |||||||
| 5701 AVE P | LUBBOCK | TX | 79412 | N/A | PC | TO PROVIDE FUNDS FOR COUNSELING AND EDUCATIONAL SERVICES TO RESIDENTS OF WEST TEXAS | $22,000 |
| FIRST UNITED METHODIST CHURCH | |||||||
| 1411 BROADWAY | LUBBOCK | TX | 79401 | N/A | PC | TO SUPPORT THE MISSION OF THE METHODIST CHURCH | $295,000 |
| FIRST UNITED METHODIST CHURCH-EVERLIVING CHURCH TRUST | |||||||
| 1411 BROADWAY | LUBBOCK | TX | 79401 | N/A | PC | RELIGIOUS | $1,376 |
| 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 | $40,000 |
| LUBBOCK ARTS ALLIANCE | |||||||
| PO BOX 5092 | LUBBOCK | TX | 79408 | N/A | PC | TO SUPPORT AND FOSTER THE CREATION, UNDERSTANDING AND ENJOYMENT OF THE ARTS | $10,000 |
| LUBBOCK MEALS ON WHEELS | |||||||
| 2403 34TH STREET | LUBBOCK | TX | 79411 | N/A | PC | TO PROVIDE MEALS FOR INDIVIDUALS | $115,000 |
| LUBBOCK WOMENS CLUB | |||||||
| 2020 BROADWAY | LUBBOCK | TX | 79401 | N/A | PC | TO FUND SPEAKER SERIES | $75,000 |
| NAVIGATORS FIRST RESPONDER MINISTRY | |||||||
| PO BOX 6000 | COLORADO SPRINGS | CO | 80934 | N/A | PC | TO FUND THE MINISTRY OF SHARING THE GOSPEL OF JESUS. | $29,000 |
| SCIENCE SPECTRUM INC | |||||||
| 2579 S LOOP 289 250 | LUBBOCK | TX | 79423 | N/A | PC | TO FUND THE ACTIVITIES OF THE MUSEUM. | $190,000 |
| SOUTH PLAINS FOOD BANK | |||||||
| 5605 MLK JR BLVD | LUBBOCK | TX | 79404 | N/A | PC | ASSIST THE HUNGRY | $225,000 |
| TEXAS BOYS RANCH FOUNDATION | |||||||
| PO BOX 5665 | LUBBOCK | TX | 79408 | N/A | SO III FI | FOSTER CHILDREN | $130,299 |
| 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. | $160,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,777,675 | 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 | $24,448 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $518,074 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $24,955 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $410,363 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,046,611 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|
| CEP, JR LTD ORDINARY BUSINESS INCOME | 211100 | -$2,525 |
| J.M. WELBORN TRUST - OIL & GAS WORKING INTEREST | 211100 | $326,075 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $323,550 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,024,451 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,348,001 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $5,200 | Amt |
| Net Investment Income | $3,900 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $1,300 | DisbursementsCharitablePrpsAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| LTD. PARTNERSHIP INTEREST/CLOSELY HELD STOCK | AT COST | $3,588,717 | $1,187,329 |
| STOCK MUTUAL FUNDS | AT COST | $30,260,683 | $29,216,439 |
| MINERAL INTERESTS | AT COST | $735,257 | $945 |
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 | $353,023 | EOYBookValueAmt |
| EOYFMV | $1,307,759 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PASSTHROUGH PORTFOLIO DEDUCTIONS FROM K-1 | $27,135 | $27,135 | $0 |
| MISCELLANEOUS | $11 | $11 | $0 |
| INSPECTION | $11 | $11 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| CEP, JR LTD NET ROYALTIES PER K-1 | $5,294 | $5,294 | $5,294 |
| ROYALTY INCOME | $19,979 | $19,979 | $19,979 |
| J.M. WELBORN TRUST - ROYALTIES | $383,830 | $383,830 | $383,830 |
| CLIFFORD E PAYNE, JR TRUST - ROYALTIES | $203 | $203 | $203 |
| CLIFFORD E PAYNE, FAMILY TRUST - ROYALTIES | $1,057 | $1,057 | $1,057 |
| CEP, JR LTD ORDINARY BUSINESS INCOME | -$2,525 | -$2,525 | |
| J.M. WELBORN TRUST - OIL & GAS WORKING INTEREST | $326,075 | $326,075 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $10,992 | $10,992 | $0 |
| SEVERANCE TAXES ON ROYALTIES | $1,617 | $1,617 | $0 |
| FEDERAL INCOME AND EXCISE TAX | $190,674 | $0 | $0 |
| STATE INCOME TAX | $447 | $447 | $0 |
| PROPERTY TAXES | $1,780 | $1,780 | $0 |