SEMMES FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- SEMMES FOUNDATION INC (EIN 74-6062264)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-05-10
- IRS object ID
- 202241309349101519
- Schema version
- 2021v4.2
- 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 Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-10T11:41:17-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 475186683 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HANNAH CPA PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 NAVARRO STREET SUITE 200 | AddressLine1Txt |
| City | SAN ANTONIO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78205 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 746062264 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEMMES FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SEMM | BusinessNameControlTxt |
| Phone | 2102250887 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 NAVARRO SUITE 210 | AddressLine1Txt |
| City | SAN ANTONIO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78205 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | THOMAS R SEMMES | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2102250887 | PhoneNum |
| Signature | 2022-05-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | THOMAS | PersonFirstNm |
| Person Last | SEMMES | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | J ROBERT HANNAH JR | PreparerPersonNm |
| PTIN | P00944294 | PTIN |
| Phone | 2102291829 | PhoneNum |
| Preparation | 2022-05-06 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $69,861,940 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $14 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $14 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,007,276 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,007,276 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,794,982 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $7,893,967 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,794,982 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $697,217 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $697,217 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $3,499,489 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,499,489 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $23,017 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $11,508 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $11,509 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $239,690 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $189,690 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $50,000 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $104,691 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $61,278 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $95,052 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $95,052 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Printing And Pub Rev And Expnss | $601 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $0 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Adj Net Incm | $0 | PrintingAndPubAdjNetIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $601 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $26,050 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $18,753 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $7,297 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $489,101 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $376,281 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $69,407 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,236,950 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,236,950 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,726,051 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $376,281 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,306,357 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $773,438 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,123,208 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $154,683 | CashBOYAmt |
| Cash EOY | $108,764 | CashEOYAmt |
| Cash EOYFMV | $108,764 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,430,296 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $5,429,834 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $5,429,834 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $62,446 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $62,446 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $53,850 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $21,443,788 | CorporateStockBOYAmt |
| Corporate Stock EOY | $18,386,598 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $62,863,045 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $2,979 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,979 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,405,911 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $24,611 | OtherAssetsBOYAmt |
| Other Assets EOY | $536 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $536 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $23,118,803 | TotalAssetsBOYAmt |
| Total Assets EOY | $23,991,157 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $69,861,940 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $3,864 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,864 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $23,118,803 | RetainedEarningBOYAmt |
| Retained Earning EOY | $23,987,293 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $23,118,803 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $23,987,293 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $23,118,803 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $23,991,157 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $23,118,803 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $773,438 | ExcessRevenueOverExpensesAmt |
| Other Increases | $95,052 | OtherIncreasesAmt |
| Subtotal | $23,987,293 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $23,987,293 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (13 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| COVERED ST - FROST - 3100 | P | 2021-01-01 | 2021-12-31 | $389,844 | $405,350 | -$15,506 | -$15,506 |
| COVERED LT - FROST - 3100 | P | 2020-01-01 | 2021-12-31 | $2,846,662 | $2,006,291 | $840,371 | $840,371 |
| NONCOVERED LT - FROST -3100 | P | 2020-01-01 | 2021-12-31 | $198,230 | $14,646 | $183,584 | $183,584 |
| COVERED LT - FROST - 3000 | P | 2020-01-01 | 2021-12-31 | $18 | $14 | $4 | $4 |
| COVERED ST - FROST - FC695 | P | 2021-01-01 | 2021-12-31 | $108,645 | $91,761 | $16,884 | $16,884 |
| COVERED LT - FROST - FC695 | P | 2020-01-01 | 2021-12-31 | $248,869 | $197,619 | $51,250 | $51,250 |
| COVERED ST - TIFF MAF - 181 | P | 2021-01-01 | 2021-12-31 | $37,588 | $29,583 | $8,005 | $8,005 |
| COVERED LT - TIFF MAF - 181 | P | 2020-01-01 | 2021-12-31 | $1,805,489 | $1,419,063 | $386,426 | $386,426 |
| NONCOVERED LT - TIFF MAF - 181 | P | 2020-01-01 | 2021-12-31 | $2,009,235 | $1,933,278 | $75,957 | $75,957 |
| TIFF PARTNERS IV K-1 | P | 2020-01-01 | 2021-12-31 | $1,380 | -$1,380 | -$1,380 | |
| FROST - 3000 CAP GAIN DISTRIBUTIONS | P | 2020-01-01 | 2021-12-31 | $249,332 | $249,332 | $249,332 | |
| FROST - 3100 CAP GAIN DISTRIBUTIONS | P | 2020-01-01 | 2021-12-31 | $3 | $3 | $3 | |
| FROST - FC695 CAP GAIN DISTRIBUTIONS | P | 2020-01-01 | 2021-12-31 | $52 | $52 | $52 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,794,982 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $43,413 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $43,413 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $43,413 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $39,549 | 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 | $39,549 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $3,864 | 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 | 0 | UnrelatedBusIncmOverLimitInd |
| 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 | WWW.SEMMESFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | THOMAS R SEMMES | IndividualWithBooksNm |
| Phone | 2102250887 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 NAVARRO STE 210 | AddressLine1Txt |
| City | SAN ANTONIO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78205 | 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 | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| 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 (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| THOMAS R SEMMES | ||||||||
| 800 NAVARRO STE 210 | SAN ANTONIO | TX | 78205 | PRESIDENT | 15.00 | $0 | $0 | $0 |
| DOUGLAS R SEMMES | ||||||||
| 134 KINROSS | SAN ANTONIO | TX | 78209 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| PATRICIA SEMMES | ||||||||
| 800 NAVARRO STE 210 | SAN ANTONIO | TX | 78205 | VICE-PRESIDENT | 1.00 | $0 | $0 | $0 |
| WILLIAM M FISHER | ||||||||
| 755 E MULBERRY | SAN ANTONIO | TX | 78212 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| CAROL DUFFELL | ||||||||
| 800 NAVARRO STE 210 | SAN ANTONIO | TX | 78205 | SECRETARY | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LEGACY 7 CONSULTING LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 27751 RANCH LANE | AddressLine1Txt |
| City | BOERNE | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78006 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | FOUNDATION MANAGEMENT | ServiceTypeTxt |
| Compensation | $50,000 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | $59,676,580 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,465,670 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,294,231 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $62,436,481 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $62,436,481 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $936,547 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $61,499,934 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,074,997 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,074,997 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $43,413 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $43,413 | TotalTaxAmt |
| Distributable Before Adj | $3,031,584 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $3,031,584 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $3,031,584 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,306,357 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,306,357 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,031,584 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,219,676 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,306,357 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,219,676 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $86,681 | 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 | $2,944,903 | 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 | CORY ALBRACHT | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 NAVARRO SUITE 210 | AddressLine1Txt |
| City | SAN ANTONIO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78205 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2102250887 | RecipientPhoneNum |
| Form And Info And Materials | CONCISE WRITTEN PROPOSALS. MUST SHOW EXEMPT STATUS. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | GENERALLY SAN ANTONIO AREA. NO INDIVIDUAL GRANTS, LOANS. THE MAJORITY OF CONTRIBUTIONS ARE IN AREAS OF INTEREST, OR INTITUTIONS SPECIFIED BY THE BOARD OF DIRECTORS. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| SAN ANTONIO AREA FOUNDATION | ||||||
| 303 PEARL PKWY | SAN ANTONIO | TX | 78215 | PC | GENERAL SUPPORT | $1,800,000 |
| SOUTHWEST SCHOOL OF ART | ||||||
| 300 AUGUSTA ST | SAN ANTONIO | TX | 78205 | PC | GENERAL SUPPORT | $1,000 |
| TEXAS BAR FOUNDATION | ||||||
| 505 LAVACA ST SUITE 105 | AUSTIN | TX | 78701 | PC | EDUCATIONAL SUPPORT | $2,000 |
| TEXAS BIOMEDICAL RESEARCH INSTITUTE | ||||||
| 5PO BOX 760549 | SAN ANTONIO | TX | 78245 | PC | MEDICAL RESEARCH SUPPORT | $950 |
| UNIVERSITY OF TEXAS AUSTIN | ||||||
| 110 INNER CAMPUS DR | AUSTIN | TX | 78701 | PC | MCDONALD OBSERVATORY | $2,000 |
| UT HEALTH SCIENCE CENTER - SA | ||||||
| 7703 FLOYD CURL DR | SAN ANTONIO | TX | 78229 | PC | GENERAL OPERATIONS SUPPORT FOR MEDICAL AND EDUCATIONAL DEVELOPMENT | $1,000 |
| BRACKENRIDGE PARK CONSERVANCY | ||||||
| 531 BRACKENRIDGE WAY | SAN ANTONIO | TX | 78212 | PC | GENERAL SUPPORT | $250,000 |
| MEALS ON WHEELS SAN ANTONIO | ||||||
| 4306 NORTHWEST LOOP 410 | SAN ANTONIO | TX | 78229 | PC | GENERAL SUPPORT | $50,000 |
| UNITED WAY SAN ANTONIO | ||||||
| 700 S ALAMO ST | SAN ANTONIO | TX | 78205 | PC | GENERAL SUPPORT | $100,000 |
| CHILDRENS HOSPITAL OF SAN ANTONIO FOUNDATIOIN | ||||||
| 333 N SANTA ROSA ST | SAN ANTONIO | TX | 78207 | PC | MATERNAL FETAL MEDICINE PROGRAM | $20,000 |
| SNIPSA SAN ANTONIO SPAY-NEUTER | ||||||
| PO BOX 90325 | SAN ANTONIO | TX | 78209 | PC | GENERAL SUPPORT | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,236,950 | 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 | $14 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,007,276 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $697,217 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,794,982 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $3,499,489 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,499,489 | 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 FEES | CategoryTxt |
| Amt | $23,017 | Amt |
| Net Investment Income | $11,508 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $11,509 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| FROST BANK | $15,866,463 | $53,973,677 |
| TIFF INVESTMENT PROGRAM | $96,383 | $2,021 |
| VANGUARD GROUP | $2,423,752 | $8,887,347 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $0 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $62,446 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $53,850 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | ROYALTY INTEREST | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $2,979 | BookValueAmt |
| EOYFMV | $1,405,911 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PREPAID FEDERAL EXCISE TAX | $9,549 | ||
| PREPAID EXPENSES | $12,500 | ||
| INVESTMENT INCOME ACCRUAL | $2,562 | $536 | $536 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| OTHER OIL & GAS EXPENSE | $11,431 | $11,431 | $0 | $0 |
| BANK CHARGES | $26 | $26 | $0 | $0 |
| RENT/PARKING/UTILITIES | $13,800 | $6,900 | $0 | $6,900 |
| OFFICE EXPENSE | $683 | $341 | $0 | $342 |
| POSTAGE/MAILING SERVICE | $110 | $55 | $0 | $55 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| SABINE ROYALTY TRUST | $58,909 | $58,909 |
| OIL & GAS GROSS ROYALTIES | $633,678 | $633,678 |
| MISCELLANEOUS INCOME | $119 | $119 |
| NONDIVIDEND DISTRIBUTIONS | $4,511 | $4,511 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PERCENT DEPLETION | Desc |
| Amt | $95,052 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FEDERAL EXCISE TAX PAYABLE | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $3,864 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| CONTRACT SERVICES | $50,475 | $475 | $0 | $50,000 |
| INVESTMENT FEES | $189,215 | $189,215 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PRODUCTION TAXES | $43,171 | $43,171 | $0 | $0 |
| FOREIGN TAXES | $2,959 | $2,959 | $0 | $0 |
| AD VALOREM TAXES | $15,148 | $15,148 | $0 | $0 |
| EXCISE TAX | $43,413 | $0 | $0 | $0 |