BARNES CHARITABLE FOUNDATION INC: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- BARNES CHARITABLE FOUNDATION INC (EIN 75-2625727)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-13
- IRS object ID
- 202033189349102538
- 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
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-13T12:18:35-08:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 752846238 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kirk & Company LLP CPAs | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3300 N A St Bldg Two 212 | AddressLine1Txt |
| City | Midland | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79705 | 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 | 752625727 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Barnes Charitable Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BARN | BusinessNameControlTxt |
| Phone | 4325598033 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 35228 | AddressLine1Txt |
| City | Fort Worth | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76162 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Bob Barnes | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2020-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Bill Kirk | PreparerPersonNm |
| PTIN | P00087328 | PTIN |
| Phone | 4326821073 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,095,978 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $59,502 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $3,905 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $3,905 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $3,905 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $9,103 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $9,103 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $9,103 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $126,412 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $196,340 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $126,412 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $49,244 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | -$4,088 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $915 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $194,834 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $140,335 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $62,252 | TotalAdjNetIncmAmt |
| Accounting Fees Rev And Expnss | $2,506 | AccountingFeesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $340 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $92 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $2,846 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $92 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $24,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $24,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $27,346 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $92 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $24,500 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $167,488 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $140,243 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $62,252 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $244,822 | CashBOYAmt |
| Cash EOY | $250,141 | CashEOYAmt |
| Cash EOYFMV | $250,141 | CashEOYFMVAmt |
| Prepaid Expenses BOY | $1,602 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $1,602 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $1,602 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $439,072 | CorporateStockBOYAmt |
| Corporate Stock EOY | $649,435 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $844,235 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $685,496 | TotalAssetsBOYAmt |
| Total Assets EOY | $901,178 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,095,978 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $3 | OtherLiabilitiesBOYAmt |
| Total Liabilities BOY | $3 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $1,000 | CapitalStockBOYAmt |
| Capital Stock EOY | $1,000 | CapitalStockEOYAmt |
| Retained Earning BOY | $684,493 | RetainedEarningBOYAmt |
| Retained Earning EOY | $900,178 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $685,493 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $901,178 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $685,496 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $901,178 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $685,493 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $167,488 | ExcessRevenueOverExpensesAmt |
| Other Increases | $48,680 | OtherIncreasesAmt |
| Subtotal | $901,661 | SubtotalAmt |
| Other Decreases | $483 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $901,178 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| Celgene Corporation | P | 2018-12-24 | 2019-11-21 | $108,710 | $59,466 | $49,244 | $49,244 |
| Facebook Incorporation | P | 2012-08-01 | 2019-03-13 | $86,943 | $10,462 | $76,481 | $76,481 |
| Capital Gain Dividends | $687 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $126,412 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $49,244 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $51,258 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $891,540 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.05749 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $87,212 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $879,519 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.09916 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $34,260 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $878,422 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.03900 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $24,797 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $764,811 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.03242 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $28,190 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $651,675 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.04326 | DistributionYr5Rt |
| Total Distribution | 0.271335 | TotalDistributionRt |
| Average Distribution | 0.054267 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $988,933 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $53,666 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $1,402 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $55,068 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $24,500 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,805 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $2,805 | SubtotalAmt |
| Tax Based On Investment Income | $2,805 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,602 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $1,602 | TotalPaymentsAndCreditsAmt |
| Tax Due | $1,203 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | false | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| 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 | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Bob Barnes | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5129636737 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 35228 | AddressLine1Txt |
| City | Fort Worth | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 761625228 | 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 |
| 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 (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Bob Barnes | ||||||
| PO Box 35228 | Fort Worth | TX | 76162 | President | 0.25 | $0 |
| Earlene Barnes | ||||||
| PO Box 35228 | Fort Worth | TX | 76162 | VP | 0.25 | $0 |
| Dorothy Mitchell | ||||||
| PO Box 12794 | Odessa | TX | 79768 | Secretary | 0.25 | $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 |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $758,848 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $245,145 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,003,993 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $1,003,993 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $15,060 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $988,933 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $49,447 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $49,447 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $2,805 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $2,805 | TotalTaxAmt |
| Distributable Before Adj | $46,642 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $46,642 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $46,642 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $24,500 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $24,500 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $24,500 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $46,642 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr2 | $46,903 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $6,989 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $53,892 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $24,500 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $24,500 | AppliedToCurrentYearAmt |
| Excess Distri Cyov App CY Corpus | $22,142 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $22,142 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $31,750 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $31,750 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $24,761 | ExcessFromYear2Amt |
| Excess From Year1 | $6,989 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Bob Barnes | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| Juvenille Diabetes Research Foundat | ||||||
| 8700 Crownhill Blvd 407 | San Antonio | TX | 78209 | None | General Operations | $18,000 |
| Permian Basin Rehab | ||||||
| 620 N Alleghaney | Odessa | TX | 79761 | None | General Operations | $2,000 |
| Life Challenge Church | ||||||
| PO Box 2312 | Odessa | TX | 79760 | None | General Operations | $1,000 |
| Culinary Institute of America | ||||||
| 1946 Campus Dr | Hyde Park | NY | 12538 | None | General Operations | $3,000 |
| Kermit Church of God | ||||||
| 436 Olive St | Kermit | TX | 79745 | None | General Operations | $500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $24,500 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,905 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $9,103 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 211110 | BusinessCd |
| Unrelated Business Taxbl Incm | $5,003 | UnrelatedBusinessTaxblIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $126,412 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Royalty Income | Desc |
| Exclusion | 15 | ExclusionCd |
| Exclusion | $915 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$5,003 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $140,335 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $135,332 | 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 Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Vision Asset Mgmt Ltd | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 35228 | AddressLine1Txt |
| City | Fort Worth | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76162 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $55,002 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 600 shares at $91.67/share of Spdr Technology Select stock. | NoncashPropertyDesc |
| Fair Market Value | $55,002 | FairMarketValueAmt |
| Received | 2019-12-31 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting | CategoryTxt |
| Amt | $2,506 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other non-deductible Expenses | Desc |
| Amt | $483 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Bank Service Fee | $243 | |
| Other Deduction | $5 | |
| Other Investment Fees | $9 | $9 |
| RI: Administrative Fees | $47 | $47 |
| RI: Severance Tax | $36 | $36 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Other Investment Income | -$5,003 | |
| Royalty Income | $915 | $915 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Deffered Income | $250 |
| Other Income | $1,059 |
| Section 199 Dividend | $1,071 |