2018-11-14T12:53:13-08:00 2017-12-31 990 2017-01-01 270679342 ETCF Support Foundation ETCF 9035330208 315 N Broadway Ave Tyler TX 75702 Kyle Penney President 2018-11-14 2017 2019-02-21 02:37:17Z 18846869 false false X www.etcf.org X 2009 TX To benefit East Texas Communities Foundation 3 2 0 2 0 18769699 0 187 56873 18826759 0 0 0 0 0 5735 5735 18821024 230554 19824362 10432 230554 19813930 To benefit East Texas Communities Foundation false false 5735 24860 The organization was formed to hold assets that might otherwise create a risk of liability or loss to East Texas Communities Foundation. 5735 true true false false false false false false false false true false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false true false false false false true false false false true 0 0 false 0 false false false false false false false false false 0 false false false false false false false false false false X 3 2 false false false false false false false true true false false true true true true true true true true false X X X Kyle Penney 9035330208 315 N Broadway Ave Ste 210 Tyler TX 75702 Kyle Penney President 0.00 40.00 X X 0 136085 0 Craig Adams Vice President 0.00 1.00 X X 0 0 0 John Payne Secretary 0.00 1.00 X X 0 0 0 136085 0 false false false 0 18769699 18769699 18769699 0 187 187 0 24673 24673 52310 20110 32200 32200 32200 0 0 0 0 0 18826759 24860 32200 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1535 1535 0 0 0 0 0 0 0 0 0 0 0 0 0 Environmental Survey 4200 4200 0 5735 5735 0 0 5000 30728 0 0 0 0 0 0 0 0 2258025 2258025 0 0 0 0 225554 17535609 230554 19824362 10432 0 10432 X 230554 19813930 230554 19813930 230554 19824362 X 18821024 885627 -123275 X false true X true false X X 1 East Texas Communities Foundation 752309138 10 true 123275 0 1 123275 0 true false false false false false false false false false false false false false false true false 2258025 2258025 2258025 Ethereum 17405547 Mineral Interest-Monigold 1999 Mineral Interest-Riehm 128031 Mineral Interests 32 17535609 36096991 885627 16384605 17270232 18826759 18826759 8413739 8408004 8408004 5735 5735 Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 CONTRIBUTIONS RECEIVED $6207380 REALIZED GAIN ON INVESTMENTS $1502667 OTHER INCOME $56156 INTEREST AND DIVIDENDS $1935387 MINERAL INTEREST INCOME $179 ADMIN FEES FROM AGENCY ENDOWMENTS $87112 UNREALIZED GAIN ON INVESTMENTS $6595724 Part XII, Line 2d: Other expenses and losses per audited F/S GRANTS $7173133 COMPENSATION OF CURRENT OFFICERS $136085 SALARIES AND WAGES $181312 EMPLOYEE BENEFITS $13900 PENSION PLAN $9519 PAYROLL TAXES $26077 PROFESSIONAL FEES $20079 INVESTMENT MANAGEMENT FEES $489044 CONTRACTED SERVICES $99501 ADVERTISING AND PROMOTION $69614 OFFICE EXPENSES $66412 INFORMATION TECHNOLOGY $51530 RENT EXPENSE $20643 TRAVEL $20850 CONFERENCES CONVENTIONS MEETINGS $4763 DEPRECIATION $6019 INSURANCE $7522 DUES & SUBSCRIPTIONS $12001 X 1 2245321 Appraisal X Crypto Currency 1 16524378 Appraisal false false false Client Note 1 Client Note 1 - ETCF SUPPORT FOUNDATION27-0679342REPORTING OF DISREGARDED ENTITY ACTIVITYTHE TAXPAYER IS THE PARENT ORGANIZATION OWNING 100% OF THE FOLLOWING ENTITY: ETCF MONIGOLD LLCAS DESCRIBED IN REGULATIONS SECTIONS 301.7701-1 THROUGH 301.7701-3, THIS ENTITY IS DISREGARDED FOR FEDERAL TAX PURPOSES AND IS TREATED AS A BRANCH OR DIVISION OF THE PARENT ORGANIZATION. FINANCIAL INFORMATION APPLICABLE TO THIS ENTITY FOR THE TAX YEAR HAS BEEN REPORTED IN THE PARENT ORGANIZATION'S FINANCIAL INFORMATION.ROYALTY INCOME RELATING TO THE DISREGARDED ENTITY IS CONSIDERED TO BE RELATED TO THE PARENT ORGANIZATION'S EXEMPT FUNCTION, AND AS SUCH, IS NOT REQUIRED TO BE REPORTED ON FORM 990-T IN ACCORDANCE WITH IRC SEC. 512(B)(2). HOWEVER, THE TAXPAYER HAS PREPARED FORM 990-T TO CLAIM A REFUND OF THE TAX WITHHELD BY BP AMERICA PRODUCTION CO. (73-0466080) AS REPORTED TO THE DISREGARDED ENTITY ON FORM 1099-MISC. A COPY OF THE 1099-MISC HAS BEEN ELECTRONICALLY ATTACHED TO THIS TAX RETURN. Form 990, Part VI, Line 11b: Form 990 Review Process A draft copy of the Form 990 is reviewed by an officer. Questions or issues are discussed via conference call. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The directors must disclose any conflict of interest on an annual basis. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The Board conducts an annual review of compensation paid and comparable salaries. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Financial statements are made available on the Foundation's website. The Foundation's governing documents, conflict of interest policy, and financial statements are made available at the Foundation's office by request. Other Changes In Net Assets Or Fund Balances - Other Decreases CASH TRANSFER TO MAIN FOUNDATION = -$123275 FORM 990 PART VI LINES 12-15 POLICIES ETCF SUPPORT FOUNDATION IS GOVERNED BY THE POLICIES OF EAST TEXAS COMMUNITIES FOUNDATION. East Texas Communities Foundation 315 N Broadway Ave Ste 210 Tyler TX 75702 752309138 Manage and distribute charitable funds TX 501(c)(3) 7 N/A false false false false false false false false false false false false false false false false false false true false East Texas Communities Foundation r 123275 FMV