STRATEGY STUDIO / PUBLIC DATA EXPLORER

BEHANNON CHARITABLE TRUST: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
BEHANNON CHARITABLE TRUST (EIN 90-0596239)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-14
IRS object ID
202111349349100836
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 ReturnHeader

FieldValueIRS element (for citing)
Return2021-05-14T11:33:36-07:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN742640010PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Hampton Brown & Associates PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1615 N Upper Broadway Ste 1930AddressLine1Txt
CityCorpus ChristiCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78401ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN900596239EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BEHANNON CHARITABLE TRUSTBusinessNameLine1Txt
Business Name Line2WELLS FARGO BANK NA EIN 94-3080771BusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlBEHABusinessNameControlTxt
Phone3367478667PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16325 S RAINBOW BLVD 3RD FLAddressLine1Txt
CityLAS VEGASCityNm
State AbbreviationNVStateAbbreviationCd
ZIP89118ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSTACEY ASHTONPersonNm
Person TitleAVP; FID TAX LIAISONPersonTitleTxt
Signature2021-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSTACEYPersonFirstNm
Person LastASHTONPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonStacy R BlairPreparerPersonNm
PTINP00031700PTIN
Phone3618887711PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,896,138FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$54,232DividendsRevAndExpnssAmt
Dividends Net Invst Incm$54,232DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$85,491NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$836,330GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$85,491CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$139,723TotalRevAndExpnssAmt
Total Net Invst Incm$139,723TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$25,936CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$23,342CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$2,594CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$3,385AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$3,385AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$5,724TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$104OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$104OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$35,149TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$23,446TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$5,979TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$86,928ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$86,928ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$122,077TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$23,446TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$92,907TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$17,646ExcessRevenueOverExpensesAmt
Net Investment Income$116,277NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$56,321SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$53,979SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$53,979SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$1,566,057OtherInvestmentsBOYAmt
Other Investments EOY$1,590,272OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,836,625OtherInvestmentsEOYFMVAmt
Other Assets BOY$9,761OtherAssetsBOYAmt
Other Assets EOY$5,534OtherAssetsEOYAmt
Other Assets EOYFMV$5,534OtherAssetsEOYFMVAmt
Total Assets BOY$1,632,139TotalAssetsBOYAmt
Total Assets EOY$1,649,785TotalAssetsEOYAmt
Total Assets EOYFMV$1,896,138TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Additional Paid In Capital BOY$1,632,139AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$1,649,785AdditionalPaidInCapitalEOYAmt
Tot Net Ast Or Fund Balances BOY$1,632,139TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,649,785TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,632,139TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,649,785TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,632,139TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$17,646ExcessRevenueOverExpensesAmt
Subtotal$1,649,785SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,649,785TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtCost Or Other BasisCostOrOtherBasisAmt
LONG TERM CAPITAL GAIN DISTRIBUTIONSP2001-01-012020-01-01$17,173$17,173$17,173
PUBLICLY TRADED SECURITIES-SHORT TERMP2020-01-012020-01-01$465,151-$11,136-$11,136$476,287
PUBLICLY TRADED SECURITIES-LONG TERMP2001-01-012020-01-01$354,006$79,454$79,454$274,552
FieldValueIRS element (for citing)
Capital Gain Net Income$85,491CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$11,136NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,616InvestmentIncomeExciseTaxAmt
Subtotal$1,616SubtotalAmt
Tax Based On Investment Income$1,616TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,244EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,244TotalPaymentsAndCreditsAmt
Overpayment$1,628OverpaymentAmt
Applied To ES Tax$1,628AppliedToESTaxAmt

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 ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1WELLS FARGO BANK NABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3367478667PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11525 W WT HARRIS BLVD FL 4AddressLine1Txt
CityCHARLOTTECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28288ZIPCd
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 PrsnYes (true)FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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

FieldValueIRS element (for citing)
PersonWELLS FARGO BANK NA-STMT APersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11525 W WT HARRIS BLVDAddressLine1Txt
CityCHARLOTTECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28262ZIPCd
FieldValueIRS element (for citing)
TitleTrusteeTitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$25,936CompensationAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,692,404AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$40,634AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,733,038TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,733,038AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$25,996CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,707,042NetVlNoncharitableAssetsAmt
Minimum Investment Return$85,352MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$85,352MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,616TaxBasedOnInvestmentIncomeAmt
Total Tax$1,616TotalTaxAmt
Distributable Before Adj$83,736DistributableBeforeAdjAmt
Distributable Before Ded$83,736DistributableBeforeDedAmt
Distributable As Adjusted$83,736DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$92,907ExpensesAndContributionsAmt
Qualifying Distributions$92,907QualifyingDistributionsAmt
Adjusted Qualifying Distri$92,907AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$83,736DistributableAsAdjustedAmt
Undistributed Income PY$78,362UndistributedIncomePYAmt
Qualifying Distributions$92,907QualifyingDistributionsAmt
Applied To Year1$78,362AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$14,545AppliedToCurrentYearAmt
Undistributed Income CY$69,191UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
NAVY-MARINE CORPS RELIEF SOCIETY
875 RANDOLPH STREET SUITE 225ARLINGTONVA22203509(a)(1)FOR GENERAL SUPPORT$28,948
GENERAL BOARD OF HIGHER EDUCATION
P O BOX 340007NASHVILLETN37203509(a)(1)FOR GENERAL SUPPORT$57,980
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$86,928TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$54,232ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$85,491RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$54,232ExclusionAmt
Related Or Exempt Function Incm$85,491RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$139,723TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATION FEESCategoryTxt
Amt$3,385Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$3,385DisbursementsCharitablePrpsAmt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
Form And Line ReferenceGeneral Explanation Supplemental Information for Form 990-PFFormAndLineReferenceDesc
Medium ExplanationSTATEMENT A-----------PAGE 6, PART VIII, LINE 1, INFORMATION ABOUT OFFICERS, DIRECTORS, TRUSTEES, FOUNDATION MANAGERS, HIGHLY PAID EMPLOYEES, AND CONTRACTORS:THE CORPORATE TRUSTEE'S COMPENSATION REPORTED IN COLUMN (C) IS CALCULATED BASED ON PERIODIC MARKET VALUES AND/OR THE APPLICABLE FEE AGREEMENT. IT IS NOT DETERMINED ON AN HOURLY BASIS AND THE REFERENCE TO ONE HOUR PER WEEK IS AN ESTIMATE ONLY. CORPORATE TRUSTEE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, ADMINISTRATIVE SERVICES SUCH AS FIDUCIARY ACCOUNTING, CUSTODY OF ASSETS, COMPLYING WITH TAX FILING REQUIREMENTS, COMPLYING WITH DISTRIBUTION PROVISIONS, AND COMPLYING WITH FEDERAL AND STATE LAWS APPLICABLE TO PRIVATE FOUNDATIONS, PLUS ASSET MANAGEMENT SERVICES SUCH AS CREATING ASSET ALLOCATION STRATEGIES, INVESTMENT REPORTING AND REALLOCATING AND REBALANCING OF PORTFOLIOS AS NECESSARY.MediumExplanationTxt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (5 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
FIXED INCOME MUTUAL FUNDSAT COST$668,165$697,311
EQUITIES MUTUAL FUNDSAT COST$746,613$975,865
CORBIN MULTI STRATEGY FUND LLCAT COST$88,733$75,416
REAL ASSET FUNDSAT COST$35,061$37,686
EATON VANCE GLOBAL MACRO ABSOLUTE RETURNAT COST$51,700$50,347

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescACCRUED INCOMEDesc
BOY Book Value$9,761BOYBookValueAmt
EOY Book Value$5,534EOYBookValueAmt
EOYFMV$5,534EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescFOREIGN TAX PAIDDesc
Revenue And Expenses Per Books$104RevenueAndExpensesPerBooksAmt
Net Investment Income$104NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINCOME TAX PAID ON NET INVEST INCOMECategoryTxt
Amt$5,724Amt