JACK & KATHERINE PEARCE EDUCATIONAL FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- JACK & KATHERINE PEARCE EDUCATIONAL FOUNDATION (EIN 74-6035546)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-05-18
- IRS object ID
- 202001399349100770
- 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
- Accounting Fees Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-05-18T13:06:23-05:00 | ReturnTs |
| Tax Period End | 2019-12-31 | 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 | 2019-01-01 | 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 | 2020-05-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN R MCKENNA JR | PreparerPersonNm |
| PTIN | P00618649 | PTIN |
| Phone | 4097636479 | PhoneNum |
| Preparation | 2020-05-06 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 75.148.247.65 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-05-18 | IPDt |
| IP Tm | 13:06:23 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 34316FF461D512BD31DCBB07EF10E21AE8412560 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 34316FF461D512BD31DCBB07EF10E21AE8412560 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2020-11-19 02:30:22Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $3,285,653 | 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 | $9,429 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $9,429 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $9,429 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $59,511 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $59,511 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $59,511 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $92,080 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $556,511 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $92,080 | CapGainNetIncmNetInvstIncmAmt |
| Incm Modifications Adj Net Incm | $145,702 | IncmModificationsAdjNetIncmAmt |
| Other Income Rev And Expnss | $88 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $88 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $88 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $161,108 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $161,108 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $214,730 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $52,066 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $19,650 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $19,650 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $32,416 | 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 | $4,623 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,368 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $1,368 | TaxesAdjNetIncmAmt |
| Printing And Pub Rev And Expnss | $318 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $318 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $660 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $2 | OtherExpensesAdjNetIncmAmt |
| Tot Opr Expenses Rev And Expnss | $60,417 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $22,395 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $22,395 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $34,109 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $127,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $127,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $187,917 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $22,395 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $22,395 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $161,609 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$26,809 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $138,713 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $192,335 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $520,625 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $509,082 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $509,082 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $7,360 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $3,256 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $3,256 | PrepaidExpensesEOYFMVAmt |
| Other Investments BOY | $2,374,002 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,508,765 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,772,008 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $1,218 | OtherAssetsBOYAmt |
| Other Assets EOY | $1,018 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,307 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $2,903,205 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,022,121 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $3,285,653 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $2,903,205 | RetainedEarningBOYAmt |
| Retained Earning EOY | $3,022,121 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,903,205 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,022,121 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,903,205 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,022,121 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,903,205 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$26,809 | ExcessRevenueOverExpensesAmt |
| Other Increases | $145,725 | OtherIncreasesAmt |
| Subtotal | $3,022,121 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $3,022,121 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| INVESCO DEV MARKETS FD | P | 2017-04-26 | 2019-07-24 | $31,967 | $28,675 | $3,292 | $3,292 |
| AMERICAN BEACON STEPHENS | P | 2019-07-24 | $91,047 | $90,882 | $165 | $165 | |
| COHEN & STEERS INSTL REALTY | P | 2019-07-24 | $82,185 | $78,897 | $3,288 | $3,288 | |
| COHEN & STEERS INSTL REALTY | P | 2017-01-11 | 2019-10-23 | $15,138 | $13,153 | $1,985 | $1,985 |
| FROST LOW DURATION BOND FD | P | 2019-07-24 | $24,600 | $24,426 | $174 | $174 | |
| FROST TOTAL RETURN BD FD | P | 2019-07-24 | $87,522 | $87,816 | -$294 | -$294 | |
| HARDING LOEVNER INTL EQ FD INSTL | P | 2017-01-04 | 2019-07-24 | $21,050 | $16,889 | $4,161 | $4,161 |
| HARDING LOEVNER INTL EQ FD INSTL | P | 2017-01-11 | 2019-07-24 | $52,283 | $42,106 | $10,177 | $10,177 |
| VICTORY SMALL CO OPP FUND | P | 2019-07-24 | $80,501 | $81,587 | -$1,086 | -$1,086 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $92,080 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $147,016 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $2,915,578 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.050424 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $151,007 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $2,928,273 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.051569 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $160,920 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $2,661,996 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.060451 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $140,470 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $2,520,475 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.055732 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $186,610 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $2,506,132 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.074461 | DistributionYr5Rt |
| Total Distribution | 0.292637 | TotalDistributionRt |
| Average Distribution | 0.058527 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $3,077,695 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $180,128 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $1,387 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $181,515 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $161,609 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,774 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $2,774 | SubtotalAmt |
| Tax Based On Investment Income | $2,774 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $3,256 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $3,256 | TotalPaymentsAndCreditsAmt |
| Overpayment | $482 | OverpaymentAmt |
| Applied To ES Tax | $482 | 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 | 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 | $52,066 | $0 | $0 |
| RICHARD MANN | ||||||||
| FROST BANK 2201 MARKET 3RDFLOOR | GALVESTON | TX | 77550 | DIRECTOR | 0.16 | $0 | $0 | $0 |
| REVEREND SUSAN KENNARD | ||||||||
| 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 | $161,609 | 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 | $2,659,112 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $458,469 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $6,982 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,124,563 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $3,124,563 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $46,868 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,077,695 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $153,885 | 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 | $161,609 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $161,609 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $161,609 | 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 | $153,885 | CurrentYearAmt |
| Year1 | $145,779 | Year1Amt |
| Year2 | $146,414 | Year2Amt |
| Year3 | $133,100 | Year3Amt |
| Total | $579,178 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $130,802 | CurrentYearAmt |
| Year1 | $123,912 | Year1Amt |
| Year2 | $124,452 | Year2Amt |
| Year3 | $113,135 | Year3Amt |
| Total | $492,301 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $161,609 | CurrentYearAmt |
| Year1 | $147,016 | Year1Amt |
| Year2 | $151,007 | Year2Amt |
| Year3 | $160,920 | Year3Amt |
| Total | $620,552 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $161,609 | CurrentYearAmt |
| Year1 | $147,016 | Year1Amt |
| Year2 | $151,007 | Year2Amt |
| Year3 | $160,920 | Year3Amt |
| Total | $620,552 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $102,590 | CurrentYearAmt |
| Year1 | $97,186 | Year1Amt |
| Year2 | $97,609 | Year2Amt |
| Year3 | $88,733 | Year3Amt |
| Total | $386,118 | 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 | $127,500 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $127,500 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $9,429 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $59,511 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $88 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $92,080 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $161,108 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $161,108 | 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 | $2,508,765 | BookValueAmt |
| EOYFMV | $2,772,008 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| MINERAL INTERESTS | $2 | $2 | $291 |
| ACCRUED INTEREST/DIVIDEND RECEIVABLE | $1,216 | $1,016 | $1,016 |
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 | $658 | ||
| 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 | $88 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $88 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $88 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| REPAYMENTS OF PRIOR DISTRIBUTIONS | $145,702 |
| COST BASIS ADJUSTMENT | $23 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| PRODUCTION TAXES ON ROYALTY INC | $4 | $4 | $4 |
| FOREIGN TAXES | $1,364 | $1,364 | $1,364 |
| EXCISE TAX ON INVESTMENT INCOME | $3,255 |