THE POWELL FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- THE POWELL FOUNDATION (EIN 74-6104592)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-04-27
- IRS object ID
- 202011189349100706
- Schema version
- 2019v5.0
- 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
- Schedule B
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-04-27T10:28:21-07:00 | ReturnTs |
| Tax Period End | 2019-12-31 | 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 | 770275132 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | 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 | PersonTitleTxt |
| Signature | 2020-04-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Barbara Murphy | PreparerPersonNm |
| PTIN | P01386215 | PTIN |
| Phone | 7134395739 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | 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 | $347,767,188 | 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 | $81,642,593 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $5,999,830 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $5,999,830 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $677,233 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $18,995,807 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $604,284 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$53,520 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $76 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $88,266,136 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $6,604,190 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $75,250 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $9,030 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $66,220 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $556,697 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $18,835 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $528,862 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $258,355 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $13,128 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $77,408 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $9,348 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $9,348 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $8,275 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $4,138 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $4,138 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $474,656 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $428,002 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $29,154 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $143,545 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $79,818 | TaxesNetInvstIncmAmt |
| Occupancy Rev And Expnss | $25,611 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $1,281 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $21,069 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $56,720 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $2,836 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $53,837 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $48,394 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,415 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $44,820 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,656,851 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $559,483 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $834,856 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $10,651,576 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $10,526,576 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $12,308,427 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $559,483 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $11,361,432 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $75,957,709 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $6,044,707 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,455,275 | CashBOYAmt |
| Cash EOY | $2,957,915 | CashEOYAmt |
| Cash EOYFMV | $2,957,915 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $244,443 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $616,662 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $616,662 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $66,027 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $60,334 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $60,334 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $3,636,548 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $3,763,210 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $3,763,210 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $193,645,412 | CorporateStockBOYAmt |
| Corporate Stock EOY | $328,444,429 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $328,444,429 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $7,809,501 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $11,924,638 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $11,924,638 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $206,857,206 | TotalAssetsBOYAmt |
| Total Assets EOY | $347,767,188 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $347,767,188 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $1 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $202,633 | AccountsPayableEOYAmt |
| Grants Payable BOY | $200,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $325,000 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $200,001 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $527,633 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $206,657,205 | NoDonorRstrNetAssestsBOYAmt |
| Tot Net Ast Or Fund Balances BOY | $206,657,205 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $347,239,555 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $206,857,206 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $347,767,188 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $206,657,205 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $75,957,709 | ExcessRevenueOverExpensesAmt |
| Other Increases | $64,624,641 | OtherIncreasesAmt |
| Subtotal | $347,239,555 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $347,239,555 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|
| Publicly traded securities | $18,996,014 | $18,391,523 | $604,491 | $604,491 |
| From Sch K-1 (Form 1065) | $207 | -$207 | -$207 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $604,284 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $8,510,052 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $225,842,192 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.03768 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $6,837,633 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $194,158,987 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.03522 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,901,852 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $138,733,720 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.01371 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,489,444 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $31,093,968 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.04790 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,363,062 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $30,660,751 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.04446 | DistributionYr5Rt |
| Total Distribution | 0.178964 | TotalDistributionRt |
| Average Distribution | 0.035793 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $270,489,684 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $9,681,637 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $60,447 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $9,742,084 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $11,361,432 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $60,447 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $60,447 | SubtotalAmt |
| Tax Based On Investment Income | $60,447 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $103,038 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $103,038 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $42,591 | OverpaymentAmt |
| Applied To ES Tax | $42,591 | AppliedToESTaxAmt |
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 | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| 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 | Caroline Sabin | 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 | $75,250 | $3,010 |
| Ben H Powell V | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | VP/Treas/Dir | 3.00 | $0 | |
| Albert S Tabor | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | VP/Sec/Dir | 3.00 | $0 | |
| Harvin C Moore IV | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Treasurer/Dir | 2.00 | $0 | |
| Charles F Caldwell | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Director | 2.00 | $0 | |
| Marian M Casey | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Director | 3.00 | $0 | |
| Marian P Harrison | |||||||
| 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 | 2.00 | $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 | Executive Director | 40.00 | $178,667 | $205,041 |
| Nicole T Ellis | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Prgm Officer | 40.00 | $101,541 | $13,156 |
| Chris Ehlinger | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Controller | 35.00 | $93,151 | $17,343 |
| Nicole Moore-Kriel | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Prgm Officer | 40.00 | $80,500 | $10,140 |
| Crystal M Ross | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Grant Adm | 40.00 | $60,930 | $9,665 |
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 mgmt | ServiceTypeTxt |
| Compensation | $402,803 | CompensationAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $271,511,728 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,097,088 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $274,608,816 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $274,608,816 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $4,119,132 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $270,489,684 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $13,524,484 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $13,524,484 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $60,447 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $3,280 | IncomeTaxAmt |
| Total Tax | $63,727 | TotalTaxAmt |
| Distributable Before Adj | $13,460,757 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $13,460,757 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $13,460,757 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $11,361,432 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $11,361,432 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $60,447 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $11,300,985 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $13,460,757 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $10,825,673 | UndistributedIncomePYAmt |
| Qualifying Distributions | $11,361,432 | QualifyingDistributionsAmt |
| Applied To Year1 | $10,825,673 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $535,759 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $12,924,998 | 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 | csabin@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 | $10,526,576 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $10,526,576 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (4 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Houston Botanic Garden | |||||||
| 8205 N Bayou Dr | Houston | TX | 77017 | N/A | PC | General support | $125,000 |
| William Marsh Rice University | |||||||
| 5620 Greenbriar Dr MS 272 | Houston | TX | 77005 | N/A | PC | Texas Policy Lab | $50,000 |
| Texas 2036 | |||||||
| 3953 Maple Ave | Dallas | TX | 75219 | N/A | PC | General support | $50,000 |
| Emerge Fellowship | |||||||
| 11251 Northwest Fwy Ste 330 | Houston | TX | 77092 | N/A | PC | General support | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $325,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $5,999,830 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 525990 | BusinessCd |
| Unrelated Business Taxbl Incm | $72,949 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $604,284 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | From Sch K-1 (Form 1065) | Desc |
| Business | 525990 | BusinessCd |
| Unrelated Business Taxbl Incm | -$53,596 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $76 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $19,353 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $6,604,190 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $6,623,543 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | Kitty King Powell Estate | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1331 Lamar Street Ste 1256 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77010 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $81,642,593 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | Publicly traded securities | NoncashPropertyDesc |
| Fair Market Value | $78,911,866 | FairMarketValueAmt |
| Received | 2009-01-01 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Tax compliance | CategoryTxt |
| Amt | $8,275 | Amt |
| Net Investment Income | $4,138 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $4,138 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (24 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 500,000 Pepsico Inc 2.375 10/06/26 | $507,595 | $507,595 |
| 500,000 Wells Fargo & Company 3 10/23/26 | $512,450 | $512,450 |
| 500,000 Philip Morris Intl 2.75 02/25 | $507,035 | $507,035 |
| 450,000 McDonalds Corp 3.5 03/01/27 | $480,766 | $480,766 |
| 500,000 Wells Fargo & Co 3.069 01/24/23 | $510,320 | $510,320 |
| 500,000 Morgan Stanley 3.625 01/20/27 | $532,405 | $532,405 |
| 500,000 Verizon Comm 4.125 03/16/27 | $555,120 | $555,120 |
| 500,000 Altria Group Inc 2.85 08/09/22 | $509,655 | $509,655 |
| 500,000 JPMorgan Chase 3.25 09/23/22 | $517,325 | $517,325 |
| 500,000 Home Depot Inc 2.95 06/15/29 | $520,250 | $520,250 |
| 449,000 Anheuser-Busch 3.3 02/01/23 | $465,187 | $465,187 |
| 500,000 Gilead Sciences 3.25 09/01/22 | $516,840 | $516,840 |
| 500,000 Bank of America 3.5 04/19/26 | $531,775 | $531,775 |
| 500,000 American Express 2.65 12/02/22 | $509,635 | $509,635 |
| 500,000 Enterprise Prod 3.95 02/15/27 | $539,805 | $539,805 |
| 500,000 AT&T Inc 3 06/30/22 | $510,775 | $510,775 |
| 500,000 Pepsico Inc 2.625 07/29/29 | $510,335 | $510,335 |
| 600,000 State Street Corp 3.1 05/15/23 | $619,152 | $619,152 |
| 500,000 Philip Morris 3.375 08/115/29 | $525,070 | $525,070 |
| 100,000 Goldman Sachs 3.75 05/22/25 | $106,155 | $106,155 |
| 500,000 Home Depot Inc 2.625 06/01/22 | $510,155 | $510,155 |
| 500,000 Goldman Sachs 2.625 04/25/21 | $504,365 | $504,365 |
| 500,000 JPMorgan Chase 2.95 10/01/26 | $515,300 | $515,300 |
| 400,000 State Street Corp 2.65 05/19/26 | $407,168 | $407,168 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (52 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 65,540 Abbott Laboratories | $5,692,804 | $5,692,804 |
| 48,140 Abbvie Inc | $4,262,315 | $4,262,315 |
| 15,625 Air Products & Chemicals Inc | $3,671,719 | $3,671,719 |
| 6,850 Alphabet Inc | $9,158,587 | $9,158,587 |
| 94,270 Altria Group Inc | $4,705,016 | $4,705,016 |
| 3,220 Amazon.com Inc | $5,950,045 | $5,950,045 |
| 40,100 American Express Co | $4,992,049 | $4,992,049 |
| 19,810 Anheuser-Busch Inbev | $1,625,212 | $1,625,212 |
| 58,100 Apple Inc | $17,061,065 | $17,061,065 |
| 5,000 ASML Holding NV | $1,479,700 | $1,479,700 |
| 10,415 Automatic Data Processing | $1,775,757 | $1,775,757 |
| 10,800 Blackrock Inc | $5,429,160 | $5,429,160 |
| 18,800 Broadridge Financial Solution | $2,322,552 | $2,322,552 |
| 12,150 Canadian Pacific Railway Ltd | $3,097,641 | $3,097,641 |
| 47,524 Chevron Corp | $5,727,117 | $5,727,117 |
| 34,000 Chubb Ltd | $5,292,440 | $5,292,440 |
| 143,428 Coca-Cola Co | $7,938,740 | $7,938,740 |
| 128,070 Comcast Corp | $5,759,308 | $5,759,308 |
| 46,700 Conocophillips | $3,036,901 | $3,036,901 |
| 30,100 Estee Lauder Companies | $6,216,854 | $6,216,854 |
| 83,220 Exxon Mobil Corp | $5,807,092 | $5,807,092 |
| 60,500 Facebook Inc | $12,417,625 | $12,417,625 |
| 2,550 Home Depot Inc | $556,869 | $556,869 |
| 30,100 Intercontinental Exchange | $2,785,755 | $2,785,755 |
| 4,600 Intuitive Surgical Inc | $2,719,290 | $2,719,290 |
| 18,480 Johnson & Johnson | $2,695,678 | $2,695,678 |
| 69,750 JPMorgan Chase & Co | $9,723,150 | $9,723,150 |
| 41,701 Kinder Morgan Inc | $882,810 | $882,810 |
| 11,400 Linde Plc | $2,427,060 | $2,427,060 |
| 6,500 Mastercard Inc | $1,940,835 | $1,940,835 |
| 25,000 McDonalds Corp | $4,940,250 | $4,940,250 |
| 117,010 Microsoft Corp | $18,452,477 | $18,452,477 |
| 34,307 Mondelez International Inc | $1,889,630 | $1,889,630 |
| 64,250 Nestle SA | $6,952,171 | $6,952,171 |
| 35,180 Nike Inc Cl B | $3,564,086 | $3,564,086 |
| 85,100 Novo-Nordisk A/S | $4,925,588 | $4,925,588 |
| 42,048 Pepsico Inc | $5,746,700 | $5,746,700 |
| 95,570 Philip Morris International | $8,132,051 | $8,132,051 |
| 5,000 Phillips 66 | $557,050 | $557,050 |
| 31,250 Progressive Corp | $2,262,188 | $2,262,188 |
| 97,500 Roche Holdings Ltd | $3,951,968 | $3,951,968 |
| 9,400 S&P Global Inc | $2,566,670 | $2,566,670 |
| 4,550 Sherwin-Williams Co | $2,655,107 | $2,655,107 |
| 57,150 Texas Instruments Inc | $7,331,774 | $7,331,774 |
| 26,300 Union Pacific Corp | $4,754,777 | $4,754,777 |
| 28,450 United Technologies Corp | $4,260,672 | $4,260,672 |
| 13,970 Unitedhealth Group Inc | $4,106,901 | $4,106,901 |
| 21,150 Verisk Analytics Inc | $3,158,541 | $3,158,541 |
| 46,310 Visa Inc | $8,701,649 | $8,701,649 |
| 38,406 Walt Disney Co | $5,554,660 | $5,554,660 |
| 689,638 Vanguard Mid-Cap Index Fund | $33,612,969 | $33,612,969 |
| 361,726 Vanguard Total Int Stock Index F | $43,215,404 | $43,215,404 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $3,763,210 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $3,763,210 | USGovtObligationsEOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General governance and counsel | CategoryTxt |
| Legal Fees | $9,348 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $9,348 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Dues and subscriptions | $1,350 | $68 | $1,283 |
| From Sch K-1 (Form 1065) | $62 | ||
| Insurance | $2,641 | $132 | $3,154 |
| Office expense | $20,348 | $1,017 | $17,588 |
| Payroll processing fees | $5,294 | $265 | $5,029 |
| Software expense | $29 | $29 | |
| Technology expenses | $13,461 | $673 | $12,788 |
| Telephone | $5,209 | $260 | $4,949 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | From Sch K-1 (Form 1065) | Desc |
| Revenue And Expenses Per Books | -$53,520 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $76 | NetInvestmentIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Unrealized appreciation in value of investments | Desc |
| Amt | $64,624,641 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Consulting | $6,154 | $0 | $0 | $6,154 |
| Executive coaching | $6,500 | $0 | $0 | $6,500 |
| Executive Director search | $33,000 | $0 | $0 | $16,500 |
| Investment management and counsel | $429,002 | $428,002 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-T tax | $3,280 | |
| Excise tax | $60,447 | |
| Foreign tax | $79,818 | $79,818 |