JACK & KATHERINE PEARCE EDUCATIONAL FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- JACK & KATHERINE PEARCE EDUCATIONAL FOUNDATION (EIN 74-6035546)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-07-21
- IRS object ID
- 202102029349100415
- Schema version
- 2020v4.0
- 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 Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-07-21T12:39:51-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 832933734 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HEAD MAXWELL & MCKENNA LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2200 MARKET ST STE 401 | AddressLine1Txt |
| City | GALVESTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77550 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 746035546 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JACK AND KATHERINE PEARCE | BusinessNameLine1Txt |
| Business Name Line2 | EDUCATIONAL FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | JACK | BusinessNameControlTxt |
| Phone | 4097705665 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | FROST BANK 2201 MARKET 3RD FLOOR | AddressLine1Txt |
| City | GALVESTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77550 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | FROST BANK | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 4097705665 | PhoneNum |
| Signature | 2021-07-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | LINDSAY J | PersonFirstNm |
| Person Last | GLOVER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN R MCKENNA JR | PreparerPersonNm |
| PTIN | P00618649 | PTIN |
| Phone | 4097636479 | PhoneNum |
| Preparation | 2021-07-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | 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 | $3,787,096 | 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 | $1,660 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,660 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $1,660 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $48,902 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $48,902 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $48,902 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $13,438 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $373,838 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $13,438 | CapGainNetIncmNetInvstIncmAmt |
| Incm Modifications Adj Net Incm | $122,070 | IncmModificationsAdjNetIncmAmt |
| Other Income Rev And Expnss | $31 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $31 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $31 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $64,031 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $64,031 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $172,663 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $52,714 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $21,073 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $21,073 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $31,641 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $2,750 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,375 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $1,375 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $1,375 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $3,372 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $598 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $598 | TaxesAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $810 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $2 | OtherExpensesAdjNetIncmAmt |
| Tot Opr Expenses Rev And Expnss | $59,646 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $23,048 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $23,048 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $33,016 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $80,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $80,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $139,646 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $23,048 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $23,048 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $113,016 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$75,615 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $40,983 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $149,615 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $509,082 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $179,576 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $179,576 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $3,256 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $1,400 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $1,400 | PrepaidExpensesEOYFMVAmt |
| Other Investments BOY | $2,508,765 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,907,517 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,603,735 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $1,018 | OtherAssetsBOYAmt |
| Other Assets EOY | $2,130 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $2,385 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $3,022,121 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,090,623 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $3,787,096 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $3,022,121 | RetainedEarningBOYAmt |
| Retained Earning EOY | $3,090,623 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,022,121 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,090,623 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,022,121 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,090,623 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,022,121 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$75,615 | ExcessRevenueOverExpensesAmt |
| Other Increases | $144,165 | OtherIncreasesAmt |
| Subtotal | $3,090,671 | SubtotalAmt |
| Other Decreases | $48 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $3,090,623 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | AcquiredAcquiredDt |
|---|---|---|---|---|---|---|---|
| 1550.57 INVESCO EMERGING MKTS | P | 2020-01-29 | $59,139 | $51,700 | $7,439 | $7,439 | |
| 3363.248 AMERICAN BEACON STEPHENS | P | 2020-04-22 | $44,126 | $50,817 | -$6,691 | -$6,691 | |
| 12137.163 FIDELITY EMER MKST INDEX | P | 2020-04-22 | $107,171 | $128,533 | -$21,362 | -$21,362 | 2019-07-24 |
| 1599.193 FROST CREDIT FUND INSTL | P | 2020-07-22 | $13,977 | $15,497 | -$1,520 | -$1,520 | |
| 923.529 HARDING LOEVNER EMER MKST | P | 2020-04-22 | $41,365 | $47,647 | -$6,282 | -$6,282 | |
| 3136.099 HARTFORD FLOATING RT FD | P | 2020-04-22 | $23,583 | $27,210 | -$3,627 | -$3,627 | 2017-01-11 |
| 1461.322 LAZARD INTL EQTY | P | 2020-04-22 | $21,350 | $24,024 | -$2,674 | -$2,674 | 2017-01-11 |
| 278.138 T ROWE PRICE INTL DISC FD | P | 2020-04-22 | $16,324 | $14,972 | $1,352 | $1,352 | 2017-01-04 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $13,438 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$21,362 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $570 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $570 | SubtotalAmt |
| Tax Based On Investment Income | $570 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,400 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $1,400 | TotalPaymentsAndCreditsAmt |
| Overpayment | $830 | OverpaymentAmt |
| Applied To ES Tax | $600 | AppliedToESTaxAmt |
| Refund | $230 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | TX | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FROST BANK TRUST DEPT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4097705665 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2201 MARKET STREET 3RD FLOOR | AddressLine1Txt |
| City | GALVESTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77550 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 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 |
|---|---|---|---|---|---|---|---|---|
| FROST BANK | ||||||||
| 2201 MARKET STREET 3RD FLOOR | GALVESTON | TX | 77550 | TRUSTEE | 4.00 | $52,714 | $0 | $0 |
| TRAVIS FANNING | ||||||||
| FROST BANK 2201 MARKET 3RDFLOOR | GALVESTON | TX | 77550 | DIRECTOR | 0.16 | $0 | $0 | $0 |
| REVEREND LILLIAN HYDE | ||||||||
| FROST BANK 2201 MARKET 3RD FLOOR | GALVESTON | TX | 77550 | DIRECTOR | 0.16 | $0 | $0 | $0 |
| MAUREEN MCCUTCHEN | ||||||||
| FROST BANK 2201 MARKET 3RD FLOOR | GALVESTON | TX | 77550 | DIRECTOR | 0.16 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | PROVIDING INTEREST FREE LOANS TO QUALIFIED RESIDENTS OF GALVESTON, TEXAS, WHO ENROLL AS FULL-TIME STUDENTS AT AN INSTITUTION OF HIGHER LEARNING IN THE U.S. | Description1Txt |
| Expenses1 | $113,016 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $3,061,673 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $227,337 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $3,741 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,292,751 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $3,292,751 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $49,391 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,243,360 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $162,168 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $113,016 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $113,016 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $113,016 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $149,615 | CurrentYearAmt |
| Year1 | $153,885 | Year1Amt |
| Year2 | $145,779 | Year2Amt |
| Year3 | $146,414 | Year3Amt |
| Total | $595,693 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $127,173 | CurrentYearAmt |
| Year1 | $130,802 | Year1Amt |
| Year2 | $123,912 | Year2Amt |
| Year3 | $124,452 | Year3Amt |
| Total | $506,339 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $113,016 | CurrentYearAmt |
| Year1 | $161,609 | Year1Amt |
| Year2 | $147,016 | Year2Amt |
| Year3 | $151,007 | Year3Amt |
| Total | $572,648 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $113,016 | CurrentYearAmt |
| Year1 | $161,609 | Year1Amt |
| Year2 | $147,016 | Year2Amt |
| Year3 | $151,007 | Year3Amt |
| Total | $572,648 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $108,112 | CurrentYearAmt |
| Year1 | $102,590 | Year1Amt |
| Year2 | $97,186 | Year2Amt |
| Year3 | $97,609 | Year3Amt |
| Total | $405,497 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | PEARCE EDUCATIONAL FOUNDATION | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O FROST BANK PO BOX 8210 | AddressLine1Txt |
| City | GALVESTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 775538210 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 4097705665 | RecipientPhoneNum |
| Form And Info And Materials | SEE ATTACHED APPLICATION FORM | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | APPLICATIONS ACCEPTED JANUARY THROUGH MARCH EACH YEAR. | SubmissionDeadlinesTxt |
| Restrictions On Awards | AWARDS HAVE BEEN LIMITED TO WORTHY YOUNG PEOPLE OF GALVESTON TO OBTAIN COLLEGE &/OR PROFESSIONAL EDUCATION. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | SEE ATTACHED LIST | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2201 MARKET ST 3RD FLOOR | AddressLine1Txt |
| City | GALVESTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77550 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | N/A | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | EDUCATIONAL | GrantOrContributionPurposeTxt |
| Amt | $80,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $80,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,660 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $48,902 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $31 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $13,438 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $64,031 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $64,031 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PREPARATION OF FORM 990-PF | CategoryTxt |
| Amt | $2,750 | Amt |
| Net Investment Income | $1,375 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $1,375 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $1,375 | DisbursementsCharitablePrpsAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | MUTUAL FUNDS | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $2,907,517 | BookValueAmt |
| EOYFMV | $3,603,735 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| MINERAL INTERESTS | $2 | $2 | $257 |
| ACCRUED INTEREST/DIVIDEND RECEIVABLE | $1,016 | $2,128 | $2,128 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | COST BASIS ADJUSTMENT | Desc |
| Amt | $48 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| EXPENSES | |||
| D & O INSURANCE | $808 | ||
| MINERAL INTEREST FEES | $2 | $2 | $2 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ROYALTY INCOME | Desc |
| Revenue And Expenses Per Books | $31 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $31 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $31 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| REPAYMENTS OF PRIOR DISTRIBUTIONS | $143,871 |
| COST BASIS ADJUSTMENT | $294 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| PRODUCTION TAXES ON ROYALTY INC | $1 | $1 | $1 |
| FOREIGN TAXES | $597 | $597 | $597 |
| EXCISE TAX ON INVESTMENT INCOME | $2,774 |