THE POWELL FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- THE POWELL FOUNDATION (EIN 74-6104592)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-05-14
- IRS object ID
- 202121349349101327
- 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 Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Legal Fees Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-05-14T08:44:09-07:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 760269860 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Blazek & Vetterling | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 Weslayan Suite 200 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77027 | 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 | 746104592 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Powell Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | POWE | BusinessNameControlTxt |
| Phone | 7135237557 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 Kirby Drive | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77019 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Katherine Osborne Valdez | PersonNm |
| Person Title | President/Dir | PersonTitleTxt |
| Signature | 2021-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Katherine Osborne | PersonFirstNm |
| Person Last | Valdez | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Barbara Murphy | PreparerPersonNm |
| PTIN | P01386215 | PTIN |
| Phone | 7134395739 | PhoneNum |
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 |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| 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 | $396,553,076 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $1,273 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $7,237 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $7,237 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $6,586,162 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $6,586,162 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $5,191,373 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $36,971,945 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $5,191,373 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $11,786,045 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $11,784,772 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $83,933 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $10,072 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $73,861 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $652,108 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $32,605 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $699,239 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $152,089 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $7,716 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $131,393 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $4,119 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $4,119 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $8,443 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $4,221 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $618,059 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $591,450 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $44,709 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $252,509 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $99,165 | TaxesNetInvstIncmAmt |
| Occupancy Rev And Expnss | $62,690 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $3,135 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $59,555 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $10,139 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $494 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $9,632 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $58,825 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $8,208 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $50,617 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,902,914 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $752,845 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,077,346 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $13,252,232 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $13,077,232 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $15,155,146 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $752,845 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $14,154,578 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$3,369,101 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $11,031,927 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $2,957,915 | CashBOYAmt |
| Cash EOY | $616,718 | CashEOYAmt |
| Cash EOYFMV | $616,718 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $616,662 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,633,324 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,633,324 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $60,334 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $18,189 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $18,189 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $3,763,210 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $4,078,854 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $4,078,854 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $328,444,429 | CorporateStockBOYAmt |
| Corporate Stock EOY | $373,164,680 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $373,164,680 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $11,924,638 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $17,041,311 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $17,041,311 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $347,767,188 | TotalAssetsBOYAmt |
| Total Assets EOY | $396,553,076 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $396,553,076 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $202,633 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $127,356 | AccountsPayableEOYAmt |
| Grants Payable BOY | $325,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $500,000 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $527,633 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $627,356 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $347,239,555 | NoDonorRstrNetAssestsBOYAmt |
| Tot Net Ast Or Fund Balances BOY | $347,239,555 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $395,925,720 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $347,767,188 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $396,553,076 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $347,239,555 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$3,369,101 | ExcessRevenueOverExpensesAmt |
| Other Increases | $52,055,266 | OtherIncreasesAmt |
| Subtotal | $395,925,720 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $395,925,720 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly traded securities | PropertyDesc |
| Gross Sales Price | $36,971,945 | GrossSalesPriceAmt |
| Cost Or Other Basis | $31,780,572 | CostOrOtherBasisAmt |
| Gain Or Loss | $5,191,373 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $5,191,373 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $5,191,373 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $153,344 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $153,344 | SubtotalAmt |
| Tax Based On Investment Income | $153,344 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $80,591 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $80,591 | TotalPaymentsAndCreditsAmt |
| Tax Due | $72,753 | TaxDueAmt |
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 | false | 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 | www.powellfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Eleisha Nelson-Reed | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7135237557 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 Kirby Drive 1011 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77019 | 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 | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| 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 (12 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt |
|---|---|---|---|---|---|---|---|
| Katherine Osborne Valdez | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | President/Dir | 20.00 | $83,933 | $3,357 |
| Ben H Powell V | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | VP/Treas/Dir | 4.00 | $0 | |
| Albert S Tabor | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | VP/Sec/Dir | 2.00 | $0 | |
| Charles F Caldwell | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Director | 3.00 | $0 | |
| Marian M Casey | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Director | 4.00 | $0 | |
| Marian P Harrison | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Director | 2.00 | $0 | |
| Inez Hill | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Director | 1.00 | $0 | |
| Katherine P Hill | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Director | 1.00 | $0 | |
| Molly N Kidd | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Director | 1.00 | $0 | |
| Nancy Powell Moore | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Director | 2.00 | $0 | |
| Ben H Powell VI | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Director | 0.00 | $0 | |
| Jan L Redford | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Director | 3.00 | $0 | |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt |
|---|---|---|---|---|---|---|---|
| Caroline J Sabin | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | ExDir to 7/13 | 40.00 | $189,712 | $25,078 |
| Eleisha Nelson-Reed | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | ExDir fr 7/13 | 40.00 | $98,116 | $6,129 |
| Nicole T Ellis | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Prgm Officer | 40.00 | $103,588 | $14,443 |
| Chris Ehlinger | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Controller | 35.00 | $93,380 | $21,849 |
| Nicole Moore-Kriel | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Prgm Officer | 40.00 | $91,085 | $18,394 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 1 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Fayez Sarofim & Co | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 909 Fannin St | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77010 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Investment management | ServiceTypeTxt |
| Compensation | $591,450 | CompensationAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $339,396,807 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $6,505,399 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $345,902,206 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $345,902,206 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $5,188,533 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $340,713,673 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $17,035,684 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $17,035,684 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $153,344 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $153,344 | TotalTaxAmt |
| Distributable Before Adj | $16,882,340 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $16,882,340 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $16,882,340 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $14,154,578 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $14,154,578 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $14,154,578 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $16,882,340 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $12,924,998 | UndistributedIncomePYAmt |
| Qualifying Distributions | $14,154,578 | QualifyingDistributionsAmt |
| Applied To Year1 | $12,924,998 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,229,580 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $15,652,760 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | The Powell Foundation | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 Kirby Drive 1011 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7135237557 | RecipientPhoneNum |
| Recipient Email Address | eleisha@powellfoundation.org | RecipientEmailAddressTxt |
| Form And Info And Materials | See attachment as well as the Foundation's website (www.powellfoundation.org) for application and guidelines. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | None | SubmissionDeadlinesTxt |
| Restrictions On Awards | See attachment and website. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | See attachment | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | State and zip code for | AddressLine1Txt |
| City | efiling purposes | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Or Contribution Purpose | See attachment | GrantOrContributionPurposeTxt |
| Amt | $13,077,232 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $13,077,232 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Buffalo Bayou Partnership | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1019 Commerce Street Suite 200 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77002 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | Improvements at Turkey Bend, as part of the Buffalo Bayou East Master Plan implementation | GrantOrContributionPurposeTxt |
| Amt | $500,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $500,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $7,237 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,586,162 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $5,191,373 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $11,784,772 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $11,784,772 | 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 | Tax compliance | CategoryTxt |
| Amt | $8,443 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $4,221 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (25 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 1,000,000 Altria Group 2.85% 08/09/22 | $1,038,480 | $1,038,480 |
| 1,000,000 Amer Express 2.65% 12/02/22 | $1,043,840 | $1,043,840 |
| 500,000 AT&T 3% 06/30/22 | $517,470 | $517,470 |
| 500,000 AT&T 3.4% 05/15/25 | $555,725 | $555,725 |
| 500,000 Bank of America 3.5% 04/19/26 | $566,665 | $566,665 |
| 500,000 Enterprise Prod 3.9% 02/15/27 | $575,770 | $575,770 |
| 500,000 Gilead Sciences 3.25% 09/01/22 | $522,155 | $522,155 |
| 500,000 Goldman Sachs 2.625% 04/25/21 | $502,600 | $502,600 |
| 500,000 Goldman Sachs 3.75% 05/22/25 | $561,375 | $561,375 |
| 500,000 Home Depot 2.625% 06/01/22 | $515,610 | $515,610 |
| 500,000 Home Depot 2.95% 06/15/29 | $568,345 | $568,345 |
| 500,000 JPMorgan Chase 2.95% 10/01/26 | $554,720 | $554,720 |
| 500,000 JPMorgan Chase 3.25% 09/23/22 | $525,855 | $525,855 |
| 1,000,000 Mastercard 3.35% 03/26/2030 | $1,162,740 | $1,162,740 |
| 1,000,000 McDonald's Corp 3.5% 03/01/27 | $1,144,420 | $1,144,420 |
| 1,000,000 Morgan Stanley 3.625% 01/20/27 | $1,145,220 | $1,145,220 |
| 500,000 PepsiCo 2.375% 10/06/26 | $545,080 | $545,080 |
| 500,000 PepsiCo 2.625% 07/29/29 | $551,960 | $551,960 |
| 500,000 Philip Morris Int 2.75% 02/25/26 | $545,305 | $545,305 |
| 500,000 Philip Morris 3.375% 08/15/29 | $572,965 | $572,965 |
| 400,000 State Street Co 2.65% 05/19/26 | $440,068 | $440,068 |
| 600,000 State Street Co 3.1% 05/15/23 | $637,998 | $637,998 |
| 1,000,000 Verizon Comm 4.125% 03/16/27 | $1,178,690 | $1,178,690 |
| 500,000 Wells Fargo & Co 3% 10/23/26 | $553,985 | $553,985 |
| 500,000 Wells Fargo & Co 3.06% 01/24/23 | $514,270 | $514,270 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (48 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 65,540 Abbott Laboratories | $7,175,975 | $7,175,975 |
| 33,140 Abbvie Inc | $3,550,951 | $3,550,951 |
| 7,175 Adobe Inc | $3,588,361 | $3,588,361 |
| 25,850 Air Products & Chemicals | $7,062,737 | $7,062,737 |
| 6,850 Alphabet Inc Class C | $12,000,378 | $12,000,378 |
| 68,270 Altria Group Inc | $2,799,070 | $2,799,070 |
| 4,745 Amazon.com Inc | $15,454,133 | $15,454,133 |
| 181,100 Apple Inc | $24,030,159 | $24,030,159 |
| 5,000 ASML Holding | $2,438,600 | $2,438,600 |
| 10,415 Automatic Data Processing | $1,835,123 | $1,835,123 |
| 10,800 Blackrock Inc | $7,792,632 | $7,792,632 |
| 18,800 Broadridge Financial Solution | $2,880,160 | $2,880,160 |
| 12,150 Canadian Pacific Railway Ltd | $4,212,284 | $4,212,284 |
| 47,524 Chevron Corp | $4,013,402 | $4,013,402 |
| 19,250 Chubb Ltd | $2,962,960 | $2,962,960 |
| 113,428 Coca-Cola Co | $6,220,392 | $6,220,392 |
| 118070 Comcast Corp Class A | $6,186,868 | $6,186,868 |
| 30,100 Estee Lauder Companies Class A | $8,012,319 | $8,012,319 |
| 60,500 Facebook Inc Class A | $16,526,180 | $16,526,180 |
| 15,000 IHS Markit Ltd | $1,347,450 | $1,347,450 |
| 44,500 Intercontinental Exchange | $5,130,405 | $5,130,405 |
| 9,500 Intuit Inc | $3,608,575 | $3,608,575 |
| 4,600 Intuitive Surgical Inc | $3,763,260 | $3,763,260 |
| 18,480 Johnson & Johnson | $2,908,382 | $2,908,382 |
| 53,750 JPMorgan Chase & Co | $6,830,012 | $6,830,012 |
| 12,500 Mastercard Inc Class A | $4,461,750 | $4,461,750 |
| 25,000 McDonald's Corp | $5,364,500 | $5,364,500 |
| 112,010 Microsoft Corp | $24,913,264 | $24,913,264 |
| 34,307 Mondelez International | $2,005,930 | $2,005,930 |
| 64,250 Nestle SA Spons ADR | $7,578,159 | $7,578,159 |
| 33,680 Nike Inc Class B | $4,764,710 | $4,764,710 |
| 85,100 Novo Nordisk A/S | $5,944,235 | $5,944,235 |
| 14,225 Otis Worldwide Corp | $960,899 | $960,899 |
| 40,048 Pepsico Inc | $5,939,118 | $5,939,118 |
| 71,570 Philip Morris International | $5,925,280 | $5,925,280 |
| 58,925 Progressive Corp | $5,826,504 | $5,826,504 |
| 28,450 Raytheon Technologies Corp | $2,034,460 | $2,034,460 |
| 97,500 Roche Holdings AG | $4,260,360 | $4,260,360 |
| 13,400 S&P Global Inc | $4,404,982 | $4,404,982 |
| 4,550 Sherwin-Williams Company | $3,343,840 | $3,343,840 |
| 57,150 Texas Instruments Inc | $9,380,030 | $9,380,030 |
| 26,300 Union Pacific Corp | $5,476,186 | $5,476,186 |
| 16,520 UnitedHealth Group Inc | $5,793,234 | $5,793,234 |
| 21,150 Verisk Analytics Inc | $4,390,528 | $4,390,528 |
| 46,310 Visa Inc Class A | $10,129,386 | $10,129,386 |
| 10,636 Walt Disney Co | $1,927,030 | $1,927,030 |
| 689,638 Vanguard Mid-Cap Index Fund | $39,061,111 | $39,061,111 |
| 361,726 Vanguard Total Int Stock Indx Fd | $46,948,416 | $46,948,416 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $4,078,854 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $4,078,854 | USGovtObligationsEOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General governance and counsel | CategoryTxt |
| Legal Fees | $4,119 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $4,119 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Bank charges | $21,205 | $6,610 | $14,595 |
| Dues and subscriptions | $600 | $30 | $570 |
| Insurance | $4,130 | $207 | $3,923 |
| Office expense | $12,450 | $623 | $11,827 |
| Payroll processing fees | $6,564 | $328 | $6,236 |
| Software expense | $5,668 | $5,668 | |
| Technology expenses | $2,786 | $139 | $2,647 |
| Telephone | $5,422 | $271 | $5,151 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Difference between book and FMV of noncash grants | $652,698 |
| Unrealized appreciation in value of investments | $51,402,568 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Executive coaching | $1,800 | $0 | $0 | $1,800 |
| Executive Director search | $22,409 | $0 | $0 | $38,909 |
| Investment management and counsel | $591,450 | $591,450 | $0 | $0 |
| Other professional fees | $2,400 | $0 | $0 | $4,000 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Excise tax | $153,344 | |
| Foreign tax | $99,165 | $99,165 |