IPPOLITO CHARITABLE FOUNDATION OF GALVESTON: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- IPPOLITO CHARITABLE FOUNDATION OF GALVESTON (EIN 76-0671962)
- Tax period
- 2023-12-01 to 2024-11-30
- Filed
- 2025-09-09
- IRS object ID
- 202522529349100602
- Schema version
- 2023v6.0
- 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
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets 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 | 2025-09-09T08:49:29-05:00 | ReturnTs |
| Tax Period End | 2024-11-30 | 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 | 2023-12-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 760671962 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ippolito Charitable Foundation | BusinessNameLine1Txt |
| Business Name Line2 | of Galveston | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | IPPO | BusinessNameControlTxt |
| Phone | 7135293729 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 Kirby Drive 1200 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77019 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Pepper I Ammann | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 7135293729 | PhoneNum |
| Signature | 2025-09-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Kurt Coburn | PreparerPersonNm |
| PTIN | P01638285 | PTIN |
| Phone | 7134395739 | PhoneNum |
| Preparation | 2025-09-09 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $20,621,751 | 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 | $20,833 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $20,833 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $547,500 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $547,500 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,692,802 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $9,864,329 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,692,802 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $5,144 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $5,144 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,266,279 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,266,279 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $141,310 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $141,310 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $8,354 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $8,354 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $35,707 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $35,707 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $186,958 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $164,293 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $22,665 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $24,100 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $500 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $76,722 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $28 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $76,667 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $157 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $0 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $157 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $85,314 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $15,403 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $69,911 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $558,622 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $180,224 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $354,771 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,506,685 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,506,685 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,065,307 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $180,224 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,861,456 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $200,972 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,086,055 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $783,661 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,137,304 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,137,304 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $15,043,376 | CorporateStockBOYAmt |
| Corporate Stock EOY | $13,508,388 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $16,317,555 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $0 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,516,926 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,536,035 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $1,274,573 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,299,964 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,630,857 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $150,000 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $17,251,610 | TotalAssetsBOYAmt |
| Total Assets EOY | $17,462,582 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $20,621,751 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $17,251,610 | RetainedEarningBOYAmt |
| Retained Earning EOY | $17,462,582 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $17,251,610 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $17,462,582 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $17,251,610 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $17,462,582 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $17,251,610 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $200,972 | ExcessRevenueOverExpensesAmt |
| Other Increases | $10,000 | OtherIncreasesAmt |
| Subtotal | $17,462,582 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $17,462,582 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| Publicly-traded securities | $9,864,329 | $8,022,542 | $1,841,787 | $1,841,787 | |||
| K-1 passthrough capital gain | $35 | $35 | P | ||||
| Little Red Box, LLC | $150,000 | -$150,000 | -$150,000 | P | 2020-03-30 | 2023-12-31 | |
| Securities litigation income | $980 | $980 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,692,802 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $28,996 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $28,996 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $28,996 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $26,673 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $10,250 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $36,923 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $7,927 | OverpaymentAmt |
| Applied To ES Tax | $7,927 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | TX | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | Yes (1) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | ippolitofoundation.org | WebsiteAddressTxt |
| Individual With Books | Sentinel Trust Company LBA | IndividualWithBooksNm |
| Phone | 7135293729 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 Kirby Drive Suite 1200 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 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 |
|---|---|---|---|---|---|---|---|---|
| John C Ippolito | ||||||||
| 2001 Kirby Drive Suite 1200 | Houston | TX | 77019 | President | 1.00 | $6,000 | $0 | $0 |
| Crys C Ippolito | ||||||||
| 2001 Kirby Drive Suite 1200 | Houston | TX | 77019 | Vice President | 1.00 | $6,000 | $0 | $0 |
| MJ Alvarado | ||||||||
| 2001 Kirby Drive Suite 1200 | Houston | TX | 77019 | Vice President | 5.00 | $32,807 | $2,297 | $0 |
| Lee I Jurewitz | ||||||||
| 2001 Kirby Drive Suite 1200 | Houston | TX | 77019 | Secretary | 10.00 | $62,335 | $4,332 | $0 |
| Pepper I Ammann | ||||||||
| 2001 Kirby Drive Suite 1200 | Houston | TX | 77019 | Treasurer | 9.00 | $34,168 | $2,177 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Morgan Stanley | |||||
| 600 Travis Street Suite 3700 | Houston | TX | 77002 | Investment Management | $105,201 |
| Merrill Lynch | |||||
| 607 W 3rd Street Suite 2600 | Austin | TX | 78701 | Investment Management | $59,092 |
| Foundation Source | |||||
| 55 Walls Drive 3rd Floor | Fairfield | CT | 06824 | Administrative Services | $58,719 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $17,425,807 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,477,014 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,573,292 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $20,476,113 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $20,476,113 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $307,142 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $20,168,971 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,008,449 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,008,449 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $28,996 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $28,996 | TotalTaxAmt |
| Distributable Before Adj | $979,453 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $10,000 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $989,453 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $989,453 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,861,456 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,861,456 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $989,453 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $741,266 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,861,456 | QualifyingDistributionsAmt |
| Applied To Year1 | $741,266 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $989,453 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $130,737 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $130,737 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $130,737 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $130,737 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Grants Director | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6341 Stewart Road 310 | AddressLine1Txt |
| City | Galveston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77551 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 5127453237 | RecipientPhoneNum |
| Recipient Email Address | grants@ippolitofoundation.org | RecipientEmailAddressTxt |
| Form And Info And Materials | All instructions and information for applications can be found on the program website: https://ippolitofoundation.org/#application | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | The deadline for grant proposal applications is June 1. | SubmissionDeadlinesTxt |
| Restrictions On Awards | The Ippolito Charitable Foundation of Galveston will only consider grant applications from qualifying 501(c)(3) tax-exempt nonprofit organizations within the City of Galveston, Texas. Grant applications for programs operating within the City of Galveston, Texas, even if operated by an organization that is based elsewhere within the State of Texas, will also be considered. PLEASE NOTE: - Fundraising benefits will not be considered or funded. - Only one proposal per organization per year will be considered. - Grants up to $10,000 will be considered. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (96 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| 1894 Inc | |||||||
| 2020 Post Ofc St | Galveston | TX | 77550 | N/A | PC | The Stage Lighting Project Install LED lighting | $20,000 |
| 4B Disaster Response Network | |||||||
| 2700B Texas Ave | Texas City | TX | 77590 | N/A | PC | General & Unrestricted | $10,000 |
| Alcohol Drug Abuse Womens Center Inc | |||||||
| 201 1St St | Galveston | TX | 77550 | N/A | PC | General & Unrestricted | $15,000 |
| Alpha Delta Pi Foundation Inc | |||||||
| 1386 Ponce De Leon Ave Ne | Atlanta | GA | 30306 | N/A | PC | Forever First History Fund | $2,000 |
| American Foundation For Suicide Prevention | |||||||
| 199 Water St 11Th Fl | New York | NY | 10038 | N/A | PC | Hike For Hope Galveston | $300 |
| Artist Boat Inc | |||||||
| 13330 Settegast Rd | Galveston | TX | 77554 | N/A | PC | General & Unrestricted | $20,000 |
| Bolivar Point Lighthouse Foundation Inc | |||||||
| PO Box 385 | Port Bolivar | TX | 77650 | N/A | PC | Restricted for the Architectural Drawings and Engineering Specifications for the Lighthouse Crown | $20,000 |
| Build Galveston | |||||||
| 2121 Market St Ste 109A | Galveston | TX | 77550 | N/A | PC | General & Unrestricted | $300,000 |
| Catholic Charities Of The Archdiocese Of Galveston-Houston | |||||||
| 2900 Louisiana St | Houston | TX | 77006 | N/A | PC | Beacon of Hope Center Galveston: Hurricane Beryl Disaster Relief | $5,000 |
| Catholic Charities Of The Archdiocese Of Galveston-Houston | |||||||
| 2900 Louisiana St | Houston | TX | 77006 | N/A | PC | Beacon of Hope Center and Isle Market Food Pantry | $10,000 |
| Christus Foundation For Healthcare | |||||||
| PO Box 1919 | Houston | TX | 77251 | N/A | PC | Our Daily Bread | $20,000 |
| Christus Foundation For Healthcare | |||||||
| PO Box 1919 | Houston | TX | 77251 | N/A | PC | Our Daily Bread Capital Campaign | $100,000 |
| Christus Foundation For Healthcare | |||||||
| PO Box 1919 | Houston | TX | 77251 | N/A | PC | Our Daily Bread a/c | $10,000 |
| Coastal Community Church | |||||||
| PO Box 2100 | Galveston | TX | 77553 | N/A | PC | General & Unrestricted | $52 |
| Cody Dunn Outdoor Adventures | |||||||
| 3 Trinity St | La Marque | TX | 77568 | N/A | PC | The Sam Mixon Memorial Fishing Club | $5,000 |
| Court Appointed Special Advocates Casa | |||||||
| 600 Gulf Freeway Ste 228 | Texas City | TX | 77591 | N/A | PC | General & Unrestricted | $10,000 |
| Everybodys Place Of Galveston County | |||||||
| 3811 Bayshore Dr | Bacliff | TX | 77518 | N/A | PC | The Agape Village Project | $5,000 |
| Family Service Center Of Galveston County Texas | |||||||
| 2200 Market St Ste 600 | Galveston | TX | 77550 | N/A | PC | The Future Is Us | $10,000 |
| Family Service Center Of Galveston County Texas | |||||||
| 2200 Market St Ste 600 | Galveston | TX | 77550 | N/A | PC | General & Unrestricted | $10,000 |
| Family Service Center Of Galveston County Texas | |||||||
| 2200 Market St Ste 600 | Galveston | TX | 77550 | N/A | PC | General & Unrestricted | $500 |
| Fifty Club Of Galveston County Inc | |||||||
| PO Box 231 | Galveston | TX | 77553 | N/A | PC | General & Unrestricted | $10,000 |
| Galveston Arts Center Inc | |||||||
| 2127 Strand St | Galveston | TX | 77550 | N/A | PC | General & Unrestricted | $10,000 |
| Galveston Bay Foundation | |||||||
| 1725 Hwy 146 | Kemah | TX | 77565 | N/A | PC | The Environmental STEM Education Program for Galveston Independent School District | $15,000 |
| Galveston Chamber Partnership Inc | |||||||
| 2228 Mechanic St Ste 101 | Galveston | TX | 77550 | N/A | PC | Lemonade Day 2025 | $5,000 |
| Galveston Chamber Partnership Inc | |||||||
| 2228 Mechanic St Ste 101 | Galveston | TX | 77550 | N/A | PC | General & Unrestricted | $10,000 |
| Galveston Community Band | |||||||
| 9007 Lewis Ln | Galveston | TX | 77554 | N/A | PC | General & Unrestricted | $10,000 |
| Galveston County Food Bank | |||||||
| 624 4Th Ave N | Texas City | TX | 77590 | N/A | PC | Direct Services Program | $10,000 |
| Galveston Historical Foundation Inc | |||||||
| 2002 Strand St | Galveston | TX | 77550 | N/A | PC | The Bishop's Palace Roof Replacement Project | $25,000 |
| Galveston Independent School District Educational Foundation | |||||||
| 3904 Ave T | Galveston | TX | 77550 | N/A | PC | Specifically for the Mason Nelson Memorial Baseball Scholarship Fund | $5,000 |
| Galveston Island Meals On Wheels Inc | |||||||
| 2803 53Rd St | Galveston | TX | 77551 | N/A | PC | General & Unrestricted | $20,000 |
| Galveston Island Meals On Wheels Inc | |||||||
| 2803 53Rd St | Galveston | TX | 77551 | N/A | PC | Volunteer Sponsorship | $600 |
| Galveston Island Nature Tourism Council | |||||||
| PO Box 1468 | Galveston | TX | 77553 | N/A | PC | General & Unrestricted | $10,000 |
| Galveston Island Nature Tourism Council | |||||||
| PO Box 1468 | Galveston | TX | 77553 | N/A | PC | Summer Social 2024 | $500 |
| Galveston Island Nature Tourism Council | |||||||
| PO Box 1468 | Galveston | TX | 77553 | N/A | PC | FeatherFest 2024 | $350 |
| Galveston Island Swim Team Gist | |||||||
| PO Box 660 | Galveston | TX | 77553 | N/A | PC | General & Unrestricted | $10,000 |
| Galveston Island Tree Conservancy | |||||||
| PO Box 2123 | Galveston | TX | 77553 | N/A | PC | Restricted to the Fall/Spring Tree Giveaway | $10,000 |
| Galveston Island Tree Conservancy | |||||||
| PO Box 2123 | Galveston | TX | 77553 | N/A | PC | General & Unrestricted | $800 |
| Galveston Urban Ministries | |||||||
| 3727 Ball St | Galveston | TX | 77550 | N/A | PC | General & Unrestricted | $20,000 |
| Galveston-Houston Immigrant Representation Project | |||||||
| 6001 Savoy Dr | Houston | TX | 77036 | N/A | PC | General & Unrestricted | $10,000 |
| Galvestons Historic Downtown Cultural Arts District | |||||||
| 2020 Post Ofc St | Galveston | TX | 77550 | N/A | PC | Arts Downtown GTX event start up | $20,000 |
| Galvestons Own Farmers Market Inc | |||||||
| PO Box 2153 | Galveston | TX | 77553 | N/A | PC | Food Access Program | $10,000 |
| Gulf Coast Big Brothers & Big Sisters Inc | |||||||
| 1021 61St St Ste A600 | Galveston | TX | 77551 | N/A | PC | Big Futures Program (Program GISD Junior High, High School and Recent Graduates | $10,000 |
| Helping Hand Home For Children | |||||||
| 3804 Ave B | Austin | TX | 78751 | N/A | PC | General & Unrestricted | $2,000 |
| Helping Hand Home For Children | |||||||
| 3804 Ave B | Austin | TX | 78751 | N/A | PC | General & Unrestricted | $2,000 |
| Holy Family Parish | |||||||
| 1525 25Th St | Galveston | TX | 77550 | N/A | PC | Parish Life Center | $10,000 |
| Houston Food Bank | |||||||
| 535 Portwall St | Houston | TX | 77029 | N/A | PC | General & Unrestricted | $308 |
| Houston Stutter Social For Kids Inc | |||||||
| 1011 Oakland Ct | Sugar Land | TX | 77498 | N/A | PC | Galveston Independent School District (education materials for speech therapists) | $360 |
| La Izquierda Fest Inc | |||||||
| 3218 Ave R 1-2 | Galveston | TX | 77550 | N/A | PC | The Save the Locals Free Summer Concert Series | $10,000 |
| Lutheran Music Academy Of Galvestonisland Inc | |||||||
| 2415 Winnie St | Galveston | TX | 77550 | N/A | PC | Summer Children's Choir | $200 |
| Lutheran Music Academy Of Galvestonisland Inc | |||||||
| 2415 Winnie St | Galveston | TX | 77550 | N/A | PC | General & Unrestricted | $10,000 |
| Make-A-Wish Foundation Of The Texas Gulf Coast And Louisiana Inc | |||||||
| 12625 Sw Fwy | Stafford | TX | 77477 | N/A | PC | Restricted to patients/wishes based in Galveston | $15,000 |
| March on Maryland Inc | |||||||
| 820 Ritchie Hwy Ste 250 | Severna Park | MD | 21146 | N/A | PC | Galveston Island Voter Education Resource and Services | $10,000 |
| Micreate Incorporated | |||||||
| 13813 Northline Lake Dr | Houston | TX | 77044 | N/A | PC | Youth Entrepreneurship Program | $10,000 |
| Moody Early Childhood Center | |||||||
| 1110 21St St | Galveston | TX | 77550 | N/A | PC | Restricted to Equity Access Scholarship Fund | $20,000 |
| Murchison Band Booster Association | |||||||
| 3700 N Hills Dr | Austin | TX | 78731 | N/A | PC | Murchison Band Booster Association | $350 |
| NAMI Gulf Coast | |||||||
| PO Box 4096 | Alvin | TX | 77512 | N/A | PC | The Wellness Program targeting Healthcare Workers and First Responders | $10,000 |
| National Assistance League | |||||||
| PO Box 591131 | Houston | TX | 77259 | N/A | PC | Restricted to Operation School Bell on Galveston Island (Assistance League Of The Bay Area) | $10,000 |
| National Assistance League | |||||||
| PO Box 591131 | Houston | TX | 77259 | N/A | PC | Assistance League Of The Bay Area | $200 |
| Nia Cultural Center | |||||||
| PO Box 1491 | Galveston | TX | 77553 | N/A | PC | Juneteenth 2025 programs/events | $5,000 |
| Nia Cultural Center | |||||||
| PO Box 1491 | Galveston | TX | 77553 | N/A | PC | Juneteenth 2024 | $5,000 |
| Nia Cultural Center | |||||||
| PO Box 1491 | Galveston | TX | 77553 | N/A | PC | Children's Defense Fund Freedom School | $10,000 |
| Parent Booster Usa Inc | |||||||
| 8403 Mesa Dr | Austin | TX | 78759 | N/A | PC | Anderson High School Men's Booster Club | $1,000 |
| Petra Cares | |||||||
| 11085 Regency Green Dr | Cypress | TX | 77429 | N/A | PC | Start Up and Operational Costs Specifically for the Galveston Program | $10,000 |
| Polichic Engagement Fund | |||||||
| 600 Congress Ave 14Th Fl | Austin | TX | 78701 | N/A | PC | General & Unrestricted | $258 |
| Pregnancy Help Center Of Galveston Inc | |||||||
| 1709 23Rd St | Galveston | TX | 77550 | N/A | PC | The Hope Program | $10,000 |
| Project Graduation Inc | |||||||
| 4115 Ave O | Galveston | TX | 77550 | N/A | PC | Restricted to Project Graduation 2025 | $10,000 |
| Project Graduation Inc | |||||||
| 4115 Ave O | Galveston | TX | 77550 | N/A | PC | General & Unrestricted | $10,000 |
| Protestant Episcopal Church Diocese Of Texas | |||||||
| 1225 Texas St | Houston | TX | 77002 | N/A | PC | St. Vincent's House | $20,000 |
| Resource And Crisis Center Of Galveston County | |||||||
| 1204 45Th St | Galveston | TX | 77550 | N/A | PC | General & Unrestricted | $10,000 |
| Rosenberg Library Association | |||||||
| 2310 Sealy St | Galveston | TX | 77550 | N/A | PC | The Rosenberg Wing Project for the 1904 Library Building (Exterior Envelope Restoration Project) | $20,000 |
| San Dieguito Academy Foundation | |||||||
| 800 Santa Fe Dr | Encinitas | CA | 92024 | N/A | PC | General & Unrestricted | $550 |
| Seeding Galveston | |||||||
| 4920 Austin Dr | Galveston | TX | 77551 | N/A | PC | General & Unrestricted | $10,000 |
| Shriners Hospitals For Children | |||||||
| 815 Market St | Galveston | TX | 77550 | N/A | PC | Restricted to the Child Life Department at the Galveston Hospital Location | $20,000 |
| Smart Family Literacy Inc | |||||||
| 1713 Driftwood Ln | Galveston | TX | 77551 | N/A | PC | General & Unrestricted | $20,000 |
| Smart Family Literacy Inc | |||||||
| 1713 Driftwood Ln | Galveston | TX | 77551 | N/A | PC | General & Unrestricted | $350 |
| St Vincents Episcopal House & Preschool | |||||||
| 2817 Alfreda Houston Pl | Galveston | TX | 77550 | N/A | PC | Restricted to Tree House Renovations | $20,000 |
| St Vincents Episcopal House & Preschool | |||||||
| 2817 Alfreda Houston Pl | Galveston | TX | 77550 | N/A | PC | Hurricane Beryl Disaster Assistance | $5,000 |
| Sunshine Center Inc | |||||||
| 1726 21St St | Galveston | TX | 77550 | N/A | PC | General & Unrestricted | $10,000 |
| Surfrider Foundation | |||||||
| PO Box 73550 | San Clemente | CA | 92673 | N/A | PC | Surfrider Galveston, Texas Chapter: Hold On To Your Butts Campaign | $10,000 |
| Teen Health Center Inc | |||||||
| 4115 Ave O | Galveston | TX | 77550 | N/A | PC | General & Unrestricted | $15,000 |
| Texas A&M Foundation | |||||||
| 401 George Bush Dr | College Station | TX | 77840 | N/A | PC | Sea Aggie Sea Turtle Patrol for a Utility Task Vehicle | $18,750 |
| Texas A&M Foundation | |||||||
| 401 George Bush Dr | College Station | TX | 77840 | N/A | PC | Account No. 500-74093 Upper Texas Coast Sea Turtle Hospital and Educational Outreach Center | $100,000 |
| Texas Surf Museum | |||||||
| 2110 Mechanic St | Galveston | TX | 77550 | N/A | PC | General & Unrestricted | $10,000 |
| The Foundation For Research On Equal Opportunity | |||||||
| 201 W 5Th St Ste 1100 | Austin | TX | 78701 | N/A | PC | General & Unrestricted | $1,500 |
| The Rose | |||||||
| 12700 N Featherwood Ste 260 | Houston | TX | 77034 | N/A | PC | Mobile Screening Events in the City of Galveston | $12,000 |
| Toolbank USA Inc | |||||||
| 1215 Gazin St | Houston | TX | 77020 | N/A | PC | Galveston location for tool delivery program, including delivery driver | $20,000 |
| Turtle Island Restoration Network | |||||||
| PO Box 370 | Forest Knolls | CA | 94933 | N/A | PC | Gulf of Mexico Office | $1,000 |
| Turtle Island Restoration Network | |||||||
| PO Box 370 | Forest Knolls | CA | 94933 | N/A | PC | General & Unrestricted | $10,000 |
| United Way Of Galveston Inc | |||||||
| 123 25Th St Ste 2030 | Galveston | TX | 77550 | N/A | PC | General & Unrestricted | $5,000 |
| United Way Of Galveston Inc | |||||||
| 123 25Th St Ste 2030 | Galveston | TX | 77550 | N/A | PC | Galveston County Recovery Fund | $35,000 |
| Upward Hope Academy Inc | |||||||
| 101 14Th St | Galveston | TX | 77550 | N/A | PC | General & Unrestricted | $20,000 |
| Vision Galveston Inc | |||||||
| 2121 Market St Ste 109A | Galveston | TX | 77550 | N/A | PC | PhilanthroVision 2024 | $60,000 |
| Vision Galveston Inc | |||||||
| 2121 Market St Ste 109A | Galveston | TX | 77550 | N/A | PC | Mortar Academy Galveston | $205 |
| Vision Galveston Inc | |||||||
| 2121 Market St Ste 109A | Galveston | TX | 77550 | N/A | PC | General & Unrestricted | $52 |
| Vision Galveston Inc | |||||||
| 2121 Market St Ste 109A | Galveston | TX | 77550 | N/A | PC | General & Unrestricted | $500 |
| Vision Galveston Inc | |||||||
| 2121 Market St Ste 109A | Galveston | TX | 77550 | N/A | PC | Incubate Galveston iniative, specifically for MORTAR Galveston | $85,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,506,685 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $20,833 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $547,500 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,692,802 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 Passthrough income | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $5,144 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,266,279 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,266,279 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Form 990-PF, Part VI-B, Line 5d - Expenditure Responsibility | FormAndLineReferenceDesc |
| Medium Explanation | Program Related Investment (PRI) recipient name: Little Red Box, LLCAddress:2901 Bammel Lane, No. 30Houston, TX 77098Dates and amounts of PRI: 03/30/2020 $75,00011/05/2020 $25,00003/01/2021 $50,000Purpose of PRI: To provide access to diverse grocery products for households located in low-income food deserts.Reports of amounts expended: Recipient has submitted full and complete financial reports of the type ordinarily required by commercial investors under similar circumstances and a statement that it has complied with the terms of the investment.Dates of Reports by PRI recipient:02/25/22, 03/24/22, 08/10/23This PRI was disposed of at a loss during the year ending 11/30/2024. No recovery of amounts previously treated as qualifying distributions was received.Diversions: To the knowledge of the grantor, no funds have been diverted to any activity other than the activity for which the investment was originally made.Verification date:N/AResults of verification:The Grantor has no reason to doubt the accuracy or reliability of the reports from the Grantee; therefore, no independent verification of the reports was made. | MediumExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (111 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Abbvie Inc - 5.400% - 03/15/2054 | $12,196 | $12,177 |
| Altria Group - 5.800% - 02/14/2039 | $5,882 | $6,166 |
| Amazon Com Inc - 2.500% - 06/03/2050 | $3,116 | $3,159 |
| American Express Co - 6.305% - 02/16/2028 | $29,057 | $29,184 |
| American Express Co Note - 4.420% - 08/03/2033 | $8,459 | $8,741 |
| American Honda Fin - 6.233% - 01/12/2026 | $19,147 | $19,095 |
| American Honda Fin Corp Mtn - 6.050% - 07/09/2027 | $14,000 | $14,028 |
| Amgen Inc - 2.300% - 02/25/1931 | $9,188 | $9,526 |
| Amgen Inc Note - 5.250% - 03/02/2033 | $8,957 | $9,146 |
| Anheuser Busch Cos Inc - 4.900% - 02/01/2046 | $11,014 | $11,388 |
| Apple Inc - 4.850% - 05/10/2053 | $8,638 | $8,956 |
| AT&T - 2.250% - 02/01/2032 | $9,625 | $10,111 |
| AT&T Inc Note - 4.750% - 05/15/2046 | $5,185 | $5,455 |
| Bank America Corp - 5.288% - 04/25/2034 | $8,810 | $9,140 |
| Bank America Corp Ser - 6.389% - 02/04/2028 | $29,087 | $29,193 |
| Bank Montreal - 6.090% - 06/04/2027 | $14,000 | $14,023 |
| Bank Nova Scotia B C - 6.120% - 06/04/2027 | $14,017 | $14,044 |
| Berkshire Hathaway - 4.500% - 02/01/2045 | $10,595 | $10,903 |
| Bk Of America Corp Bond Perpetual - 6.125% - 12/31/2049 | $28,198 | $28,616 |
| Bk Of America Corp Ser - 3.593% - 07/21/2028 | $5,674 | $5,824 |
| Bk Of America Corp Ser N Mtn - 3.846% - 03/08/2037 | $10,419 | $10,855 |
| Boeing Co Note Call Make Whole - 2.196% - 02/04/2026 | $8,449 | $8,698 |
| Bristol-Myers - 6.250% - 11/15/2053 | $6,517 | $6,730 |
| Bristol-Myers Squibbo Note - 0.000% - 02/20/2026 | $29,095 | $29,050 |
| Broadcom Corp/Broadcom Cayman - 3.875% - 01/15/2027 | $14,535 | $14,775 |
| Capital One Finl Corp Note - 3.800% - 01/31/2028 | $11,322 | $11,625 |
| Caterpillar Financial Services Mtns Be - 5.830% - 05/14/2027 | $21,031 | $20,983 |
| Caterpillar Finl Svcs - 5.779% - 02/27/2026 | $14,023 | $14,040 |
| Centene Corp - 2.500% - 03/01/2031 | $11,477 | $11,754 |
| Cisco Sys Inc - 4.950% - 02/26/2031 | $12,105 | $12,219 |
| Citigroup - 4.650% - 07/30/2045 | $10,625 | $10,917 |
| Citigroup Bond - 4.450% - 09/29/2027 | $11,619 | $11,871 |
| Citigroup Inc Note Call Make Whole - 0.000% - 01/25/2026 | $28,012 | $28,014 |
| Coca-Cola Co - 5.000% - 05/13/2034 | $15,015 | $15,357 |
| Comcast Corp - 4.400% - 08/15/2035 | $11,107 | $11,384 |
| Comcast Corp - 5.100% - 06/01/2029 | $8,994 | $9,189 |
| Commonwealth Edison Co - 4.350% - 11/15/2045 | $10,154 | $10,581 |
| Conocophillips Note Call Make - 5.550% - 03/15/2054 | $6,032 | $6,085 |
| Consolidated Edison Co Ny Inc - 5.090% - 11/18/2027 | $28,033 | $28,037 |
| Dollar Gen Corp - 3.500% - 04/03/2030 | $8,111 | $8,313 |
| Duke Energy Corp Note - 5.000% - 08/15/2052 | $7,964 | $8,262 |
| Enbridge Inc - 3.700% - 07/15/2027 | $11,460 | $11,756 |
| Energy Transfer Lp - 4.200% - 04/15/2027 | $11,628 | $11,865 |
| Equinix Inc Note Call Make Whole - 3.200% - 11/18/2029 | $5,373 | $5,575 |
| Fifth Third Bancorp Note - 4.337% - 04/25/2033 | $10,837 | $11,397 |
| Fiserv Inc - 4.750% - 03/15/2030 | $11,973 | $11,960 |
| General Mills - 4.950% - 03/29/2033 | $11,727 | $11,969 |
| General Mtrs - 2.141% - 02/26/2027 | $29,002 | $29,098 |
| General Mtrs Finl Coinc Note - 5.250% - 03/01/2026 | $11,969 | $12,049 |
| Georgia Power Co - 6.060% - 05/08/2025 | $15,060 | $15,038 |
| Gilead Sciences - 5.250% - 10/15/2033 | $9,069 | $9,233 |
| Glaxosmithkline Cap Inc Note - 3.875% - 05/15/2028 | $5,812 | $5,897 |
| Goldman Sachs Bk - 6.450% - 02/24/2028 | $28,060 | $28,251 |
| Goldman Sachs Bk - 7.402% - 10/28/2027 | $15,516 | $15,354 |
| Goldman Sachs Group - 5.727% - 04/25/2030 | $11,013 | $11,353 |
| Goldman Sachs Group Inc - 2.383% - 07/21/2032 | $7,275 | $7,679 |
| Hca Healthcare - 5.450% - 04/01/2031 | $9,168 | $9,127 |
| Hcp Inc - 3.500% - 07/15/2029 | $10,945 | $11,369 |
| Home Depot Inc - 0.000% - 12/24/2025 | $28,023 | $28,055 |
| Home Depot Inc Note - 3.900% - 12/06/2028 | $11,587 | $11,788 |
| Intercontinental Exchange Inc Note - 4.950% - 06/15/2052 | $5,565 | $5,520 |
| John Deere Capital - 5.913% - 04/19/2027 | $34,000 | $34,147 |
| JP Morgan Chase - 3.540% - 05/01/2028 | $5,700 | $5,837 |
| JP Morgan Chase - 5.350% - 06/01/2034 | $16,837 | $17,392 |
| JP Morgan Chase - 4.625% - 10/20/2022 | $14,097 | $14,095 |
| JP Morgan Chase - 6.511% - 01/23/2028 | $28,315 | $28,309 |
| Keurig Dr Pepper - 6.195% - 03/15/2027 | $28,076 | $28,250 |
| Kraft Heinz Foods Conote - 4.625% - 01/30/2029 | $8,845 | $9,030 |
| Kroger Co - 5.000% - 09/15/2034 | $12,099 | $11,929 |
| Lowe'S Companies, Inc - 5.150% - 07/01/2033 | $11,953 | $12,204 |
| Marsh & Mclennan Companies, Inc - 4.550% - 11/08/2027 | $19,071 | $19,113 |
| Mcdonalds Corp - 4.600% - 09/09/2032 | $8,791 | $8,944 |
| Meta Platforms Inc Ser B Note - 3.850% - 08/15/2032 | $11,100 | $11,398 |
| Micron Technology - 5.300% - 01/15/2031 | $8,911 | $9,123 |
| Morgan Stanley - 5.449% - 07/20/2029 | $11,038 | $11,238 |
| Morgan Stanley - 6.281% - 02/18/2026 | $28,089 | $28,041 |
| Morgan Stanley Ser F Mtn - 2.484% - 09/16/2036 | $7,028 | $7,442 |
| Natonal Rural - 0.000% - 02/05/2027 | $36,123 | $36,243 |
| Nextera Energy Cap - 6.078% - 01/29/2026 | $29,055 | $29,117 |
| Occidental Pete Corp - 6.375% - 09/01/2028 | $9,269 | $9,372 |
| Oracle Corp - 2.950% - 05/15/2025 | $5,820 | $5,949 |
| Oracle Corp Note - 6.900% - 11/09/2052 | $6,737 | $7,044 |
| Pfizer Invt - 4.750% - 05/19/2033 | $11,720 | $11,874 |
| Philp Morris Intl - 5.250% - 02/13/2034 | $8,762 | $9,136 |
| Physicians Rlty Lp Note M/W Clbl 4.3% 03/15/2027 | $11,659 | $11,884 |
| Pinnacle West Cap - 6.150% - 06/10/2026 | $28,008 | $28,110 |
| Pioneer Natural Resources Co - 0.000% - 08/15/2030 | $9,968 | $10,347 |
| Pnc Finl - 5.582% - 06/12/2029 | $9,043 | $9,224 |
| Royal Bank Cda - 5.710% - 10/18/2028 | $14,002 | $14,043 |
| Royal Bk Cda - 1.811% - 01/21/2027 | $13,983 | $14,032 |
| Rtx Corp Note - 6.100% - 03/15/2034 | $9,494 | $9,682 |
| Schwab Charles Corp Bond Perpetual - 5.375% - 04/30/2068 | $28,572 | $28,892 |
| Sherwin Williams Co - 4.500% - 06/01/2047 | $10,353 | $10,562 |
| T Mobile Usa Inc Note Call Make Whole - 5.050% - 07/15/2033 | $11,732 | $12,036 |
| The Cigna Group - 4.900% - 12/15/2048 | $5,376 | $5,460 |
| Toronto Dominion Bank - 6.040% - 04/05/2027 | $14,030 | $14,022 |
| Toyota Motor Credit Corp - 0.000% - 05/15/2026 | $36,005 | $36,044 |
| Truist Finl Corp - 7.161% - 10/30/2029 | $9,554 | $9,685 |
| Uber Technologies Inc - 4.800% - 09/15/2034 | $12,108 | $11,747 |
| United Airlines Ptc Ser 2020-1 Cl A 2020-1 Bond Ca - 5.875% - 04/15/2029 | $3,232 | $3,261 |
| United Health Group Inc - 4.750% - 05/15/2052 | $5,406 | $5,500 |
| Unitedhealth Group Inc - 3.750% - 07/15/2025 | $5,899 | $5,968 |
| Us Bancorp Mtn - 5.678% - 01/23/2035 | $8,981 | $9,322 |
| Verizon Communications Inc - 2.875% - 11/20/2050 | $5,069 | $5,210 |
| Verizon Communications Inc - 6.141% - 03/20/2026 | $14,089 | $14,115 |
| Virginia Elec & Pwr Co Note - 4.625% - 05/15/2052 | $5,158 | $5,354 |
| Walmart - 4.500% - 04/15/1953 | $8,141 | $8,304 |
| Wells Fargo & Co - 5.557% - 07/25/2034 | $22,765 | $23,588 |
| Wells Fargo - 6.645% - 04/25/2026 | $28,236 | $28,108 |
| Williams Companies Inc Note - 5.650% - 03/15/2033 | $12,196 | $12,382 |
| Zoetis Inc - 4.500% - 11/13/2025 | $11,885 | $11,979 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (117 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Abbott Labs | $38,201 | $46,201 |
| Abbvie Inc | $186,266 | $200,674 |
| Accenture PLC | $17,850 | $39,498 |
| Adobe Systems, Inc | $43,520 | $49,058 |
| Agnico Eagle Mines Ltd | $32,487 | $44,743 |
| Airbnb | $42,307 | $37,022 |
| Alphabet Inc Cl A | $235,598 | $285,734 |
| Alphabet Inc Cl C | $17,648 | $53,704 |
| Amazon Com | $131,356 | $264,436 |
| Amgen Inc | $53,461 | $59,120 |
| Amphenol Corporation | $58,532 | $90,522 |
| Analog Devices Inc | $141,773 | $135,409 |
| Apple Inc | $236,489 | $371,896 |
| Bank Of America Corp | $165,396 | $251,090 |
| Barings Active Short Duration Bond Fund Cl L | $68,290 | $62,951 |
| Baron Small Cap Instl Cl | $210,351 | $279,543 |
| Blackrock Equity Dividend Fund | $445,538 | $457,076 |
| Blackrock Inc | $203,922 | $282,293 |
| Boston Scientific | $60,990 | $110,424 |
| Broadcom Inc | $56,263 | $88,334 |
| Cencora Inc | $42,890 | $45,530 |
| Cheniere Energy Inc | $43,210 | $56,450 |
| Chevron Corp | $110,357 | $114,484 |
| Chubb Limited | $73,708 | $87,774 |
| Cme Group, Inc | $79,560 | $91,154 |
| Colgate-Palmolive Company | $89,050 | $111,994 |
| Conocophillips | $32,130 | $41,927 |
| Constellation Energy Group Inc | $62,114 | $76,455 |
| Costar Group, Inc | $16,486 | $18,220 |
| Costco Wholesale Corporation | $64,576 | $138,007 |
| Crown Castle Intl | $120,187 | $119,850 |
| Dell Technologies Inc Class C | $62,180 | $72,088 |
| Eaton Corp PLC | $85,720 | $87,848 |
| Eli Lilly & Co | $98,352 | $129,249 |
| Entergy Corp | $56,676 | $67,622 |
| Exxon Mobil Corp | $249,730 | $303,511 |
| Ferrari Nv | $49,640 | $67,295 |
| Franklin Ftse Canada ETF | $115,485 | $147,165 |
| Franklin Ftse Japan ETF | $282,033 | $320,342 |
| Franklin Ftse Latin America ETF | $20,780 | $19,886 |
| Franklin Ftse United Kingdom ETF | $266,950 | $318,003 |
| Freeport-Mcmoran Copper & Gold Inc | $56,569 | $48,399 |
| Gartner Inc | $4,769 | $17,145 |
| Gen Dynamics Cp | $84,862 | $81,227 |
| Goldman Sachs Group | $150,798 | $218,477 |
| Hilton Worldwide Holdings, Inc | $37,052 | $66,908 |
| Home Depot Inc | $218,148 | $309,403 |
| Honeywell Intl | $239,202 | $283,010 |
| Howmet Aerospace Ord Shs | $38,693 | $66,766 |
| Intercontinental Exchange, Inc | $64,586 | $67,925 |
| Invesco Emerging Markets Sovereign Debt ETF | $60,516 | $69,904 |
| Invesco Preferred ETF | $51,176 | $46,267 |
| Ishare Msci Emu Indx | $186,313 | $193,594 |
| Ishare Msci Sweden | $17,164 | $16,740 |
| Ishares 20+ Yr Treas Bd | $158,836 | $153,547 |
| Ishares Barclays Mbs Bond Fund | $651,915 | $602,749 |
| Ishares Barclays Tips Bond Fund | $121,672 | $114,851 |
| Ishares Core Msci Emerging Markets | $154,642 | $154,729 |
| Ishares Iboxx Investment Grade Corporate Bond Fd | $243,898 | $232,266 |
| Ishares Inc Msci Switzerland Index Fd | $48,377 | $51,949 |
| Ishares Msci Emerging Markets Minimum Volatility Index Fund | $29,183 | $31,052 |
| Ishares Short Maturity Bond ETF | $22,256 | $22,929 |
| Johnson & Johnson | $200,731 | $192,832 |
| Johnson Controls International PLC | $60,010 | $66,501 |
| JP Morgan Chase | $190,462 | $379,325 |
| JP Morgan Betabuilders Developed Asiaex Japan ETF | $462,477 | $470,679 |
| Kenvue Inc | $18,707 | $22,298 |
| M&T Bank Corp | $84,573 | $107,795 |
| Market Vectors ETF Tr Fallen Angel USD | $21,830 | $22,998 |
| Martin Marietta Matls Inc | $44,604 | $45,000 |
| Mastercard Inc | $36,779 | $57,558 |
| Mcdonald'S Corp | $124,906 | $134,389 |
| Merck & Co Inc | $86,555 | $76,128 |
| Microsoft Corp | $289,773 | $469,617 |
| Msci Inc | $36,166 | $41,824 |
| Netflix Inc | $49,368 | $120,921 |
| Nextera Energy, Inc | $77,775 | $87,481 |
| Northrop Grumman Corp | $77,273 | $80,792 |
| Novo Nordisk A S | $17,937 | $20,719 |
| Nvidia Corp | $106,481 | $228,389 |
| Oracle Corp | $53,650 | $65,988 |
| Palo Alto Networks Inc | $40,141 | $65,929 |
| Parker Hannifin Cp | $63,223 | $134,254 |
| Paycom Software | $19,092 | $23,064 |
| Procter Gamble Co | $178,432 | $208,659 |
| Progressive Corp Ohio | $40,481 | $92,495 |
| Prologis | $199,133 | $190,585 |
| Ross Stores, Inc | $60,282 | $73,254 |
| S&P Global Inc Com | $90,007 | $114,952 |
| Sch St Us Trsr ETF | $338,862 | $331,983 |
| Schlumberger Ltd | $94,612 | $88,583 |
| Sempra Energy Com | $82,684 | $104,817 |
| Service Now | $74,466 | $143,346 |
| Sherwin-Williams Co | $127,603 | $175,253 |
| Shopify Inc | $35,135 | $61,499 |
| Spdr Barclays Capital 1-3 Month T-Bill | $21,071 | $21,109 |
| Starbucks Corp Com | $76,604 | $87,398 |
| T-Mobile Us Inc | $74,057 | $119,025 |
| Tesla Motors Inc | $21,935 | $44,871 |
| Thermo Fisher Scientific Inc | $47,451 | $45,078 |
| Union Pacific | $41,615 | $45,996 |
| United Rentals Inc | $25,388 | $45,898 |
| Unitedhealth Group Inc | $110,119 | $159,611 |
| Vanguard Govt Bond ETF Intermediate Term | $136,270 | $138,248 |
| Vanguard Intermediate Term Corp Bond ETF | $63,802 | $69,351 |
| Vanguard Short Term Corporate Bond ETF | $201,192 | $206,378 |
| Vanguard Small-Cap Growth ETF | $271,277 | $354,161 |
| Vanguard Small-Cap Value ETF | $377,701 | $469,154 |
| Vanguard Total Intl Bd Idx ETF | $297,012 | $300,216 |
| Virtus Emerging Markets Oppts Cl I | $167,993 | $113,955 |
| Virtus Sga Intl Growth Cl I | $553,499 | $479,055 |
| Visa Inc | $132,246 | $200,706 |
| Wal-Mart Stores Inc | $72,326 | $140,045 |
| Welltower Inc. | $39,857 | $65,912 |
| Western Digital Corp | $64,166 | $75,983 |
| Workday Inc | $29,031 | $32,249 |
| Zoetis Inc | $90,887 | $108,830 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Hometown Bank | AT COST | $121,000 | $441,650 |
| Ironwood Multi-Strategy LLC | AT COST | $900,000 | $996,972 |
| True Wealth Ventures Fund I, LP | AT COST | $200,248 | $142,061 |
| True Wealth Ventures Fund II, LP | AT COST | $78,716 | $50,174 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General governance and counsel | CategoryTxt |
| Legal Fees | $35,707 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $35,707 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY Book Value | $150,000 | BOYBookValueAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Administrative fees | $58,719 | $0 | $58,719 |
| Bank fees | $615 | $615 | $0 |
| Memberships and dues | $3,743 | $0 | $3,743 |
| Website hosting and support | $7,397 | $0 | $7,397 |
| K-1 passthrough expenses | $14,788 | $14,788 | $0 |
| Office expenses | $52 | $0 | $52 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 Passthrough income | Desc |
| Revenue And Expenses Per Books | $5,144 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $5,144 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $5,144 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Recovery of prior year qualifying distribution | Desc |
| Amt | $10,000 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Investment management fees | $164,293 | $164,293 | $0 |
| Philanthropic consulting services | $22,665 | $0 | $22,665 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Excise taxes | $23,600 | $0 | $0 |
| Foreign taxes | $500 | $500 | $0 |