STRATEGY STUDIO / PUBLIC DATA EXPLORER

GRACE FULL GIVING FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
GRACE FULL GIVING FOUNDATION (EIN 87-2745809)
Tax period
2021-09-15 to 2021-12-31
Filed
2022-08-03
IRS object ID
202242159349100009
Schema version
2021v4.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2022-08-03T12:00:59-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN752253424PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ANDERSON MARX & BOHL PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1119 N MAIN STAddressLine1Txt
CityCORSICANACityNm
State AbbreviationTXStateAbbreviationCd
ZIP75110ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-09-15TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN872745809EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE GRACE FULL GIVING FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGRACBusinessNameControlTxt
Phone2547166199PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1209 STARCRESTAddressLine1Txt
CityCORSICANACityNm
State AbbreviationTXStateAbbreviationCd
ZIP75109ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM G THOMPSONPersonNm
Person TitleVP/TREASPersonTitleTxt
Phone2547166199PhoneNum
Signature2022-05-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstWILLIAMPersonFirstNm
Person LastTHOMPSONPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonFRANK MARX IIIPreparerPersonNm
PTINP00475693PTIN
Phone9038722571PhoneNum
Preparation2022-08-03PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,030,780FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$2,006,851ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$3,788DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,788DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$3,232NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$3,232GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$3,232CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$2,013,871TotalRevAndExpnssAmt
Total Net Invst Incm$7,020TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$581OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$581OtherProfFeesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$581TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$581TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$581TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$581TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$2,013,290ExcessRevenueOverExpensesAmt
Net Investment Income$6,439NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY$693,975CashEOYAmt
Cash EOYFMV$693,975CashEOYFMVAmt
Corporate Stock EOY$1,319,315CorporateStockEOYAmt
Corporate Stock EOYFMV$1,336,805CorporateStockEOYFMVAmt
Total Assets EOY$2,013,290TotalAssetsEOYAmt
Total Assets EOYFMV$2,030,780TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests EOY$2,013,290NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances EOY$2,013,290TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$0TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,013,290TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Excess Revenue Over Expenses$2,013,290ExcessRevenueOverExpensesAmt
Subtotal$2,013,290SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,013,290TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$3,232CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$90InvestmentIncomeExciseTaxAmt
Subtotal$90SubtotalAmt
Tax Based On Investment Income$90TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$90ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$90TotalPaymentsAndCreditsAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksWILLIAM G THOMPSONIndividualWithBooksNm
Phone2547166199PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1209 STARCRESTAddressLine1Txt
CityCORSICANACityNm
State AbbreviationTXStateAbbreviationCd
ZIP75109ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
WILLIAM G THOMPSON
209 STARCRESTCORSICANATX75109VP/TREAS1.00$0$0$0
MARY K THOMPSON
209 STARCRESTCORSICANATX75109PRESIDENT1.00$0$0$0
SARAH THOMPSON GOODRICH
1904 COTTONWOOD TERRACE CTCOLLEGE STATIONTX77845SECRETARY1.00$0$0$0
JOHN MARC GOODRICH
1904 COTTONWOOD TERRACE CTCOLLEGE STATIONTX77845TRUSTEE1.00$0$0$0
SANDRAA THOMPSON GOODRICH
1768 ZINTARA LOOPTHE VILLIAGESFL32163TRUSTEE1.00$0$0$0
ANN PATTERSON
13000 MISSION RIVER DRIVEMANCHACATX78652TRUSTEE1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,056,101AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$954,337AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,010,438TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,010,438AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$30,157CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,980,281NetVlNoncharitableAssetsAmt
Minimum Investment Return$29,297MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$29,297MinimumInvestmentReturnAmt
Tax Based On Investment Income$90TaxBasedOnInvestmentIncomeAmt
Total Tax$90TotalTaxAmt
Distributable Before Adj$29,207DistributableBeforeAdjAmt
Distributable Before Ded$29,207DistributableBeforeDedAmt
Distributable As Adjusted$29,207DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$29,207DistributableAsAdjustedAmt
Undistributed Income CY$29,207UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerWG AND MK LIVING TRUSTContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonWILLIAM G THOMPSONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1209 STARCRESTAddressLine1Txt
CityCORSICANACityNm
State AbbreviationTXStateAbbreviationCd
ZIP75109ZIPCd
FieldValueIRS element (for citing)
Recipient Email AddressWGTLAW@GMAIL.COMRecipientEmailAddressTxt
Form And Info And MaterialsNAME OF ORGANIZATION, PURPOSE OF GRANT, FUNDS RAISED FOR GRANT PURPOSE FROM OTHER SOURCES, COPY OF 501(C)(3) EXEMPTION LETTER.FormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,788ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$3,232ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$7,020ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$7,020TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonWG AND MK THOMPSON LIVING TRUSTContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1209 STARCRESTAddressLine1Txt
CityCORSICANACityNm
State AbbreviationTXStateAbbreviationCd
ZIP75109ZIPCd
FieldValueIRS element (for citing)
Total Contributions$2,006,851TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertyVARIOUS MARKETABLE SECURITESNoncashPropertyDesc
Fair Market Value$721,851FairMarketValueAmt
Received2021-10-21ReceivedDt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (34 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ADOBE SYSTEMS INC$27,482$28,353
ADVANCED MICRO DEVICES$18,326$20,866
AECOM$20,780$23,205
ALPHABET INC CL A$85,132$86,911
ALPHABET INC CL C$28,556$28,936
AMAZON$137,400$133,374
AMERICAN TOWER CORP$26,278$29,250
APPLE$59,792$71,028
BOEING$19,550$18,119
COSTCO WHOLESALE$27,143$28,385
DISNEY WALT CO.$51,745$46,777
DOW$22,676$22,688
ELI LILLY$19,549$22,098
FEDEX CORP$23,324$25,864
GOLDMAN SACHS$20,787$19,510
HOME DEPOT$54,693$62,252
JP MORGAN CHASE$43,562$40,696
LENNAR$20,845$23,232
LOWES$19,546$21,971
MARATHON PETROLEUM$34,520$32,955
MICROSOFT$31,698$34,305
MORGAN STANLEY$28,949$29,448
PEPSICO$28,016$30,573
PROCTER AND GAMBLE$19,524$22,410
RAYTHEON TECHNOLOGIES$19,972$18,933
ROCKWELL AUTOMATION$34,072$34,885
SIMON PROPERTY GROUP$17,696$19,172
SOUTHWEST AIRLINES$19,549$16,922
VALERO ENERGY$27,872$25,838
VONTIER CORP$19,358$18,438
WALMART$19,590$19,244
AMERICAN EUROPACIF GROWTH FUND$73,413$67,546
AMERICAN GROWTH FUND OF AMERICA$12,323$11,472
VANGUARD SMALL CAP INDEX FUND$205,597$201,149

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT MANAGEMENTCategoryTxt
Amt$581Amt
Net Investment Income$581NetInvestmentIncomeAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonWILLIAM G THOMPSONPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1209 STARCRESTAddressLine1Txt
CityCORSIANACityNm
State AbbreviationTXStateAbbreviationCd
ZIP75109ZIPCd