MAYS FOUNDATION: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- MAYS FOUNDATION (EIN 75-1213346)
- Tax period
- 2017-08-01 to 2018-07-31
- Filed
- 2018-12-10
- IRS object ID
- 201833449349100363
- Schema version
- 2017v2.3
- 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
- Depreciation Schedule
- Investments Land Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-12-10T11:40:55-06:00 | ReturnTs |
| Tax Period End | 2018-07-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 751386677 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BROWN GRAHAM & COMPANY PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 20210 | AddressLine1Txt |
| City | AMARILLO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 791142210 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-08-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 751213346 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MAYS FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MAYS | BusinessNameControlTxt |
| Phone | 8063765417 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 914 S TYLER | AddressLine1Txt |
| City | AMARILLO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 791013430 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STACY SHARP | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8063765417 | PhoneNum |
| Signature | 2018-12-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DAVID W MOONEY CPA | PreparerPersonNm |
| PTIN | P00543821 | PTIN |
| Phone | 8063558241 | PhoneNum |
| Preparation | 2018-12-04 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 216.82.192.190 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-12-04 | IPDt |
| IP Tm | 08:04:27 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DC92EB43BB5C6FF309A275AAF7173B7B69626277 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | DC92EB43BB5C6FF309A275AAF7173B7B69626277 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $7,514,059 | 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 | $147,627 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $147,627 | InterestOnSavNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $126,784 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $126,784 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | -$16,107 | NetRentalIncomeOrLossAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $60,832 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $22,753 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $335,243 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $297,164 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $361 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $361 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $5,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $2,500 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $2,500 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $23,413 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $13,890 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $84,474 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $84,474 | DeprecAndDpltnNetInvstIncmAmt |
| Printing And Pub Rev And Expnss | $372 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $372 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $0 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $62,104 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $62,104 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $175,724 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $163,701 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,500 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $281,550 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $281,550 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $457,274 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $163,701 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $284,050 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$122,031 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $133,463 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $125,199 | CashBOYAmt |
| Cash EOY | $274,876 | CashEOYAmt |
| Cash EOYFMV | $274,876 | CashEOYFMVAmt |
| Invst Land Cost Or Other Basis | $2,718,583 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $211,376 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $2,591,681 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $2,507,207 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $1,108,568 | LandBldgInvestmentsEOYFMVAmt |
| Mortgage Loans BOY | $2,244,855 | MortgageLoansBOYAmt |
| Mortgage Loans EOY | $2,127,843 | MortgageLoansEOYAmt |
| Mortgage Loans EOYFMV | $2,127,843 | MortgageLoansEOYFMVAmt |
| Other Assets BOY | $1,124,997 | OtherAssetsBOYAmt |
| Other Assets EOY | $1,059,299 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $4,002,772 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $6,086,732 | TotalAssetsBOYAmt |
| Total Assets EOY | $5,969,225 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $7,514,059 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $4,675 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $9,199 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $4,675 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,199 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| 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 | $6,082,057 | RetainedEarningBOYAmt |
| Retained Earning EOY | $5,960,026 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $6,082,057 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $5,960,026 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $6,086,732 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $5,969,225 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $6,082,057 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$122,031 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $5,960,026 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $5,960,026 | TotNetAstOrFundBalancesEOYAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $588,659 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $7,441,511 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.079105 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $512,382 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $9,866,660 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.051931 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $216,634 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $8,200,117 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.026418 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $148,965 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $7,727,463 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.019277 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $222,185 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $7,392,106 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.030057 | DistributionYr5Rt |
| Total Distribution | 0.206788 | TotalDistributionRt |
| Average Distribution | 0.041358 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $7,408,669 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $306,408 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $1,335 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $307,743 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $284,050 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,669 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $2,669 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $2,669 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,760 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $1,760 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $909 | TaxDueAmt |
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 | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| 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 | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | STACY SHARP | IndividualWithBooksNm |
| Phone | 8063765417 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 914 S TYLER | AddressLine1Txt |
| City | AMARILLO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79101 | 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 | Yes (1) | 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 | Yes (1) | BusinessHoldingsInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| 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 |
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 | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| KARRA HILL | ||||||||
| 914 S TYLER | AMARILLO | TX | 79101 | VICE PRESIDENT | 0.00 | $0 | $0 | $0 |
| STACY SHARP | ||||||||
| 914 S TYLER | AMARILLO | TX | 79101 | PRESIDENT | 0.00 | $0 | $0 | $0 |
| RANDY SHARP | ||||||||
| 914 S TYLER | AMARILLO | TX | 79101 | SEC/TREAS | 0.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $282,308 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $7,239,183 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $7,521,491 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $7,521,491 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $112,822 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $7,408,669 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $370,433 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $370,433 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $2,669 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $6,854 | IncomeTaxAmt |
| Total Tax | $9,523 | TotalTaxAmt |
| Distributable Before Adj | $360,910 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $360,910 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $360,910 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $284,050 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $284,050 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $284,050 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $360,910 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr1 | $97,533 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $97,533 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $284,050 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $284,050 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $76,860 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $76,860 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $20,673 | 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 | $20,673 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $20,673 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | STACY SHARP | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 914 S TYLER | AddressLine1Txt |
| City | AMARILLO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 8063765417 | RecipientPhoneNum |
| Form And Info And Materials | REQUESTS SHOULD BE IN WRITING ATTN OF DIRECTOR IN ITEM 2(A). | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | QUALIFIED PUBLIC CHARITIES, RELIGIOUS & EDUCATIONAL | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (29 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| AMARILLO AREA FOUNDATION | |||||||
| 801 S FILLMORE SUITE 700 | AMARILLO | TX | 79101 | NONE | PUBLIC CHARITY | PROGRAMS | $500 |
| AMARILLO BOTANICAL GARDENS | |||||||
| 1400 STREIT DRIVE | AMARILLO | TX | 79106 | NONE | PUBLIC CHARITY | BUILDING, PROGRAMS | $1,000 |
| AMARILLO COMMUNITY PRAYER BREAKFAST | |||||||
| 5000 HOLLYWOOD ROAD | AMARILLO | TX | 79118 | NONE | PUBLIC CHARITY | PROGRAMS | $200 |
| AMARILLO OPERA | |||||||
| 2223 S VAN BUREN | AMARILLO | TX | 79109 | NONE | PUBLIC CHARITY | PROGRAMS | $250 |
| AMARILLO SYMPHONY | |||||||
| PO BOX 2586 | AMARILLO | TX | 79105 | NONE | PUBLIC CHARITY | PROGRAMS | $25,000 |
| AMARILLO YOUNG LIFE | |||||||
| 620 N TAYLOR SUITE N1 | AMARILLO | TX | 79101 | NONE | PUBLIC CHARITY | PROGRAMS | $5,000 |
| BAYLOR LINE FOUNDATION | |||||||
| PO BOX 2089 | WACO | TX | 76703 | NONE | PUBLIC CHARITY | SCHOLARSHIPS | $37,000 |
| BAYLOR UNIVERSITY | |||||||
| ONE BEAR PLACE 97026 | WACO | TX | 76798 | NONE | PUBLIC CHARITY | SCHOLARSHIPS, BUILDINGS | $171,000 |
| CENTER CITY OF AMARILLO | |||||||
| 1000 S POLK | AMARILLO | TX | 79101 | NONE | PUBLIC CHARITY | PROGRAMS | $2,500 |
| CHILDREN'S MIRACLE NETWORK | |||||||
| 500 S TAYLOR SUITE 1060 | AMARILLO | TX | 79101 | NONE | PUBLIC CHARITY | PROGRAMS | $1,000 |
| DALLAS BAPTIST UNIVERSITY | |||||||
| 3000 MOUNTAIN CREEK PARKWAY | DALLAS | TX | 75211 | NONE | PUBLIC CHARITY | BUILDINGS | $5,000 |
| DENISON MINISTRIES | |||||||
| 17304 PRESTON ROAD SUITE 1060 | DALLAS | TX | 75252 | NONE | PUBLIC CHARITY | PROGRAMS | $500 |
| DOWNTOWN WOMEN'S CENTER | |||||||
| 409 S MONROE | AMARILLO | TX | 79191 | NONE | PUBLIC CHARITY | PROGRAMS | $1,000 |
| EVELINE'S SUNSHINE COTTAGE | |||||||
| PO BOX 50974 | AMARILLO | TX | 79159 | NONE | PUBLIC CHARITY | BUILDINGS | $6,250 |
| GOLDEN SPREAD COUNCIL BSA | |||||||
| 401 TASCOSA ROAD | AMARILLO | TX | 79124 | NONE | PUBLIC CHARITY | PROGRAMS | $250 |
| HARRINGTON CANCER AND HEALTH FOUNDATION | |||||||
| 500 S TAYLOR SUITE 1060 223 | AMARILLO | TX | 79101 | NONE | PUBLIC CHARITY | PROGRAMS | $1,000 |
| HARRINGTON HOUSE | |||||||
| 1600 S POLK | AMARILLO | TX | 79102 | NONE | PUBLIC CHARITY | BUILDING | $1,000 |
| HEAL THE CITY FREE CLINIC | |||||||
| 604 S TENNESSEE | AMARILLO | TX | 79106 | NONE | PUBLIC CHARITY | BUILDINGS, PROGRAMS | $6,500 |
| HIGH PLAINS FOOD BANK | |||||||
| PO BOX 31803 | AMARILLO | TX | 79120 | NONE | PUBLIC CHARITY | PROGRAMS | $2,500 |
| LITE SCHOLARSHIP | |||||||
| PO BOX 447 | AMARILLO | TX | 79178 | NONE | PUBLIC CHARITY | SCHOLARSHIPS | $250 |
| LAURA BUSH INSTITUTE | |||||||
| 1600 WALLACE BLVD | AMARILLO | TX | 79106 | NONE | PUBLIC CHARITY | PROGRAMS | $3,500 |
| MARCH OF DIMES | |||||||
| 104 SW 6TH SUITE 301 | AMARILLO | TX | 79101 | NONE | PUBLIC CHARITY | PROGRAMS | $2,000 |
| MISSION AMARILLO | |||||||
| 601 SW 10TH | AMARILLO | TX | 79101 | NONE | PUBLIC CHARITY | PROGRAMS | $500 |
| NATIONAL MS SOCIETY | |||||||
| 8111 NORTH STADIUM DRIVE SUITE 100 | HOUSTON | TX | 77054 | NONE | PUBLIC CHARITY | PROGRAMS | $1,250 |
| OPPORTUNITY PLAN | |||||||
| PO BOX 1035 | CANYON | TX | 79015 | NONE | PUBLIC CHARITY | PROGRAMS | $2,500 |
| RED RIVER COMMUNITY HOUSE | |||||||
| PO BOX 213 | RED RIVER | NM | 87558 | NONE | PUBLIC CHARITY | PROGRAMS | $1,000 |
| SHARING HOPE MINISTRY INC | |||||||
| PO BOX 7160 | AMARILLO | TX | 79114 | NONE | PUBLIC CHARITY | PROGRAMS | $500 |
| THE BRIDGE CHILDREN'S ADVOCACY CENTER | |||||||
| 804 QUAIL CREEK | AMARILLO | TX | 79124 | NONE | PUBLIC CHARITY | BUILDINGS | $1,600 |
| WTAMU FOUNDATION | |||||||
| WTAMU BOX 60766 | AMARILLO | TX | 79016 | NONE | PUBLIC CHARITY | BUILDINGS,PROGRAMS | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $281,550 | 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 | $147,627 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | -$16,107 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 531120 | BusinessCd |
| Unrelated Business Taxbl Incm | $55,532 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 01 | ExclusionCd |
| Exclusion | $5,300 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $55,532 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $136,820 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $192,352 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $5,000 | Amt |
| Net Investment Income | $2,500 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $2,500 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (8 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Computation MethodComputationMethodTxt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Prior Year DepreciationPriorYearDepreciationAmt | LifeLifeRt |
|---|---|---|---|---|---|---|---|
| LOT - 202 SW 10TH | 2014-08-30 | $3,109 | L | $0 | $0 | ||
| LOFTS - RETAIL (3600 SQ FT) | 2016-03-15 | $1,006,394 | SL | $25,805 | $25,805 | $35,482 | 39.000000000000 |
| LOFTS - RESIDENTIAL APARTMENTS | 2016-02-28 | $1,241,212 | SL | $45,135 | $45,135 | $65,822 | 27.500000000000 |
| LOFTS - 202 SW 10TH RETAIL (2400 SQ FT) | 2015-07-01 | $234,818 | SL | $6,021 | $6,021 | $12,293 | 39.000000000000 |
| HOUSE - 4623 S LAMAR | 2014-05-15 | $91,656 | SL | $3,333 | $3,333 | $10,693 | 27.500000000000 |
| LOT | 2014-05-15 | $9,750 | L | $0 | $0 | ||
| LOFTS - RESIDENTIAL APARTMENTS | 2016-12-29 | $75,037 | SL | $2,729 | $2,729 | $1,705 | 27.500000000000 |
| LOFTS - RETAIL | 2016-12-29 | $56,607 | SL | $1,451 | $1,451 | $907 | 39.000000000000 |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (8 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| LOT - 202 SW 10TH | $3,109 | $0 | $3,109 |
| LOFTS - RETAIL (3600 SQ FT) | $1,006,394 | $61,287 | $945,107 |
| LOFTS - RESIDENTIAL APARTMENTS | $1,241,212 | $110,957 | $1,130,255 |
| LOFTS - 202 SW 10TH RETAIL (2400 SQ FT) | $234,818 | $18,314 | $216,504 |
| HOUSE - 4623 S LAMAR | $91,656 | $14,026 | $77,630 |
| LOT | $9,750 | $0 | $9,750 |
| LOFTS - RESIDENTIAL APARTMENTS | $75,037 | $4,434 | $70,603 |
| LOFTS - RETAIL | $56,607 | $2,358 | $54,249 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $361 | LegalFeesAmt |
| Net Investment Income | $361 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (4 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BOSTON & MAYS, LLC | $1,096,947 | $1,056,527 | $4,000,000 |
| MINERAL INTERESTS | $2,772 | $2,772 | $2,772 |
| PREPAID EXCISE TAX | $1,405 | $0 | $0 |
| PREPAID INCOME TAX | $23,873 | $0 | $0 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (15 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OFFICE EXPENSE | $5,325 | $5,325 | $0 |
| SUPPLIES & REPAIRS | $2,445 | $2,445 | $0 |
| UTILITIES & TELEPHONE | $4,094 | $4,094 | $0 |
| DIRECTORS & OFFICERS INSURANCE | $3,845 | $3,845 | $0 |
| CONTRACT LABOR | $1,451 | $1,451 | $0 |
| MISCELLANEOUS EXPENSE | $10 | $10 | $0 |
| NON-DEDUCTIBLE EXPENSES | $34 | $34 | $0 |
| DUES, FEES & SUBSCRIPTIONS | $175 | $175 | $0 |
| ADVERTISING | $570 | $570 | $0 |
| OTHER RENTAL EXPENSES - LAMAR | $3,417 | $3,417 | $0 |
| INSURANCE - LOFTS | $13,311 | $13,311 | $0 |
| UTILITIES - LOFTS | $9,217 | $9,217 | $0 |
| CONTRACT LABOR - LOFTS | $6,644 | $6,644 | $0 |
| SUPPLIES & REPAIRS - LOFTS | $7,908 | $7,908 | $0 |
| OFFICE EXPENSE - LOFTS | $3,658 | $3,658 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| OIL & GAS ROYALTIES | $0 | $0 | $0 |
| OTHER INCOME | $5,300 | $5,300 | $5,300 |
| BOSTON & MAYS, LLC | $55,532 | $17,453 | $55,532 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (4 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| SECURITY DEPOSIT - THE LOFTS | $4,025 | $5,227 |
| SECURITY DEPOSIT - LAMAR | $650 | $650 |
| EXCISE TAX PAYABLE | $0 | $908 |
| INCOME TAX PAYABLE | $0 | $2,414 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EXCISE TAX ON INVESTMENT INCOME | $2,669 | $0 | $0 |
| INCOME TAX ON UTBI | $6,854 | $0 | $0 |
| PROPERTY TAXES - LAMAR | $2,291 | $2,291 | $0 |
| PROPERTY TAXES - LOFTS | $11,599 | $11,599 | $0 |