THE POWELL FOUNDATION: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- THE POWELL FOUNDATION (EIN 74-6104592)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-05-10
- IRS object ID
- 201841309349101724
- Schema version
- 2017v2.2
- 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
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Legal Fees Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-05-10T12:42:10-07:00 | ReturnTs |
| Tax Period End | 2017-12-31 | 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 | 770275132 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 746104592 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Powell Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | POWE | BusinessNameControlTxt |
| Phone | 7135237557 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2121 San Felipe | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77019 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Katherine Osborne Valdez | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2018-05-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jody Blazek | PreparerPersonNm |
| PTIN | P00072674 | PTIN |
| Phone | 7134395739 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $231,651,870 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $30,805,170 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $4,677,208 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $4,677,208 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $319,374 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,507,984 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $319,374 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $35,801,752 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,996,582 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $37,625 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $4,515 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $33,110 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $309,128 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $15,457 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $293,671 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $80,997 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $4,050 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $76,947 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $25,290 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $1,265 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $24,025 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $36,158 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $9,467 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $26,691 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $271,642 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $265,407 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $6,235 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $146,982 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $54,040 | TaxesNetInvstIncmAmt |
| Occupancy Rev And Expnss | $33,360 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $1,668 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $31,692 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $27,042 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $1,758 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $25,284 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $26,947 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $3,826 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $23,121 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $995,171 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $361,453 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $540,776 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $5,011,857 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $6,296,857 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $6,007,028 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $361,453 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $6,837,633 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $29,794,724 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $4,635,129 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $520,764 | CashBOYAmt |
| Cash EOY | $988,783 | CashEOYAmt |
| Cash EOYFMV | $988,783 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $5,926,139 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,572,622 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,572,622 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $40,307 | AcctRcvblAmt |
| Acct Rcvbl BOY | $20,049 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $40,307 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $40,307 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $310 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $310 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $310 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $3,517,992 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $3,784,788 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $3,784,788 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $152,678,527 | CorporateStockBOYAmt |
| Corporate Stock EOY | $217,126,656 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $217,126,656 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $3,595,583 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $8,138,404 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $8,138,404 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $166,259,364 | TotalAssetsBOYAmt |
| Total Assets EOY | $231,651,870 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $231,651,870 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $378 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $22,211 | AccountsPayableEOYAmt |
| Grants Payable BOY | $1,685,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $400,000 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $1,685,378 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $422,211 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $164,573,986 | UnrestrictedBOYAmt |
| Unrestricted EOY | $231,229,659 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $164,573,986 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $231,229,659 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $166,259,364 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $231,651,870 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $164,573,986 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $29,794,724 | ExcessRevenueOverExpensesAmt |
| Other Increases | $36,860,949 | OtherIncreasesAmt |
| Subtotal | $231,229,659 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $231,229,659 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|
| Publicly traded securities | $6,507,385 | $6,188,610 | $318,775 | $318,775 |
| Settlement proceeds | $599 | $599 | $599 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $319,374 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,901,852 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $138,733,720 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.01371 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,489,444 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $31,093,968 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.04790 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,363,062 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $30,660,751 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.04446 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,220,731 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $27,517,329 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.04436 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,099,530 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $24,606,927 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.04468 | DistributionYr5Rt |
| Total Distribution | 0.195112 | TotalDistributionRt |
| Average Distribution | 0.039022 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $194,158,987 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $7,576,472 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $46,351 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $7,622,823 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $6,837,633 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $92,703 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $92,703 | SubtotalAmt |
| Tax Based On Investment Income | $92,703 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $71,000 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $71,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $129 | EsPenaltyAmt |
| Tax Due | $21,832 | 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 | Yes (true) | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | false | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | TX | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 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 | www.powellfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Caroline Sabin | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7135237557 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2121 San Felipe Suite 110 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77019 | 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 | Yes (true) | 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 |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | false | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (10 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Katherine Osborne Valdez | ||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | President/Dir | 10.00 | $37,625 |
| Ben H Powell V | ||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | VP/Asst Tr/Dir | 2.00 | $0 |
| Albert S Tabor | ||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | VP/Sec/Dir | 4.00 | $0 |
| Harvin C Moore IV | ||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Treasurer/Dir | 2.00 | $0 |
| Charles F Caldwell | ||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Director | 3.00 | $0 |
| Marian P Harrison | ||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Director | 1.00 | $0 |
| Katherine P Hill | ||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Director | 1.00 | $0 |
| Molly N Kidd | ||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Director | 1.00 | $0 |
| Nancy Powell Moore | ||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Director | 2.00 | $0 |
| Jan L Redford | ||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Director | 3.00 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt |
|---|---|---|---|---|---|---|---|
| Caroline J Sabin | |||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Executive Director | 40.00 | $165,317 | $23,384 |
| Nicole T Ellis | |||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Prgm Officer | 40.00 | $95,712 | $12,915 |
| Crystal M Ross | |||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Grant Admin | 40.00 | $56,588 | $10,912 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Fayez Sarofim & Co | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 909 Fannin St | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77010 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Investment mgmt | ServiceTypeTxt |
| Compensation | $265,079 | CompensationAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $193,747,815 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,367,908 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $197,115,723 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $197,115,723 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $2,956,736 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $194,158,987 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $9,707,949 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $9,707,949 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $92,703 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $92,703 | TotalTaxAmt |
| Distributable Before Adj | $9,615,246 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $9,615,246 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $9,615,246 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $6,837,633 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $6,837,633 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $6,837,633 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $9,615,246 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $5,413,926 | UndistributedIncomePYAmt |
| Qualifying Distributions | $6,837,633 | QualifyingDistributionsAmt |
| Applied To Year1 | $5,413,926 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,423,707 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $8,191,539 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | The Powell Foundation | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2121 San Felipe Suite 110 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7135237557 | RecipientPhoneNum |
| Recipient Email Address | csabin@powellfoundation.org | RecipientEmailAddressTxt |
| Form And Info And Materials | See attachment as well as the Foundation's website (www.powellfoundation.org) for application and guidelines. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | None | SubmissionDeadlinesTxt |
| Restrictions On Awards | See attachment and website. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | See attachment | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | State and zip code for | AddressLine1Txt |
| City | efiling purposes | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Or Contribution Purpose | See attachment | GrantOrContributionPurposeTxt |
| Amt | $6,296,857 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $6,296,857 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $4,677,208 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $319,374 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $4,996,582 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,996,582 | 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 Person | Kitty King Powell Estate | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1331 Lamar Street Ste 1256 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77010 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $30,805,170 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | Publicly traded securities | NoncashPropertyDesc |
| Fair Market Value | $30,805,170 | FairMarketValueAmt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Bookkeeping | $19,138 | $957 | $0 | $18,181 |
| Tax compliance | $17,020 | $8,510 | $0 | $8,510 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (17 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 500,000 Altria Group 285 08/09/2022 | $503,215 | $503,215 |
| 500,000 American Express 265 12/02/2022 | $496,452 | $496,452 |
| 500,000 Anheuser-Busch 33 02/01/2023 | $511,576 | $511,576 |
| 500,000 AT&T Inc 3 06/30/2022 | $500,826 | $500,826 |
| 500,000 Bank of America 35 04/19/2026 | $511,067 | $511,067 |
| 500,000 Enterprise Prod 395 02/15/2027 | $519,540 | $519,540 |
| 500,000 Gilead Sciences 325 09/01/2022 | $514,545 | $514,545 |
| 500,000 Goldman Sachs 2625 04/25/2021 | $499,604 | $499,604 |
| 100,000 Goldman Sachs 375 05/22/2025 | $103,001 | $103,001 |
| 500,000 Home Depot 2625 06/01/2022 | $502,728 | $502,728 |
| 500,000 JPMorgan Chase 325 09/23/2022 | $511,858 | $511,858 |
| 450,000 McDonalds Corp 35 03/01/2027 | $462,662 | $462,662 |
| 500,000 Morgan Stanley 3625 01/20/2027 | $511,583 | $511,583 |
| 500,000 Pepsico Inc 2375 10/06/2026 | $475,362 | $475,362 |
| 500,000 Philip Morris Intl 275 02/25/26 | $489,482 | $489,482 |
| 500,000 Verizon Comm 4125 03/16/2027 | $521,209 | $521,209 |
| 500,000 Wells Fargo 3069 01/24/2023 | $503,694 | $503,694 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (57 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 30,400 shs Abbott Laboratories | $1,734,928 | $1,734,928 |
| 56,140 shs Abbvie Inc | $5,429,299 | $5,429,299 |
| 13,000 shs Air Products & Chemicals Inc | $2,133,040 | $2,133,040 |
| 5,350 shs Alphabet Inc | $5,598,240 | $5,598,240 |
| 31,400 shs Altria Group Inc | $2,242,274 | $2,242,274 |
| 43,100 shs American Express Co | $4,280,261 | $4,280,261 |
| 19,810 shs Anheuser-Busch Inbev | $2,210,004 | $2,210,004 |
| 31,300 shs Apple Inc | $5,296,899 | $5,296,899 |
| 5,000 shs ASML Holding NV | $869,100 | $869,100 |
| 10,415 shs Automatic Data Processing | $1,220,534 | $1,220,534 |
| 5,700 shs Blackrock Inc | $2,928,147 | $2,928,147 |
| 6,650 shs Canadian Pacific Railway Ltd | $1,215,354 | $1,215,354 |
| 25,300 shs Chevron Corp | $3,167,307 | $3,167,307 |
| 21,600 shs Chubb Ltd | $3,156,408 | $3,156,408 |
| 116,000 shs Comcast Corp | $4,645,800 | $4,645,800 |
| 46,700 shs Conocophillips | $2,563,363 | $2,563,363 |
| 5,900 shs Constellation Brands Inc | $1,348,563 | $1,348,563 |
| 30,100 shs Estee Lauder Companies | $3,829,924 | $3,829,924 |
| 33,260 shs Exxon Mobil Corp | $2,781,866 | $2,781,866 |
| 32,700 shs Facebook Inc | $5,770,242 | $5,770,242 |
| 2,550 shs Home Depot Inc | $483,302 | $483,302 |
| 37,000 shs Intercontinental Exchange In | $2,610,720 | $2,610,720 |
| 40,300 shs JPMorgan Chase & Co | $4,309,682 | $4,309,682 |
| 41,701 shs Kinder Morgan Inc | $753,537 | $753,537 |
| 7,500 shs McDonalds Corp | $1,290,900 | $1,290,900 |
| 15,730 shs Merck & Co Inc | $885,127 | $885,127 |
| 67,010 shs Microsoft Corp | $5,732,035 | $5,732,035 |
| 34,307 shs Mondelez International Inc | $1,468,340 | $1,468,340 |
| 71,250 shs Nestle SA | $6,125,363 | $6,125,363 |
| 27,780 shs Nike Inc | $1,737,639 | $1,737,639 |
| 18,200 shs Novartis AG | $1,528,072 | $1,528,072 |
| 47,600 shs Novo-Nordisk A/S | $2,554,692 | $2,554,692 |
| 20,700 shs Oracle Corp | $978,696 | $978,696 |
| 16,400 shs Pepsico Inc | $1,966,688 | $1,966,688 |
| 63,800 shs Philip Morris International | $6,740,470 | $6,740,470 |
| 5,000 shs Phillips | $505,750 | $505,750 |
| 11,400 shs Praxair Inc | $1,763,352 | $1,763,352 |
| 59,500 shs Roche Holdings Ltd | $1,879,010 | $1,879,010 |
| 9,400 shs S&P Global Inc | $1,592,360 | $1,592,360 |
| 26,300 shs State Street Corp | $2,567,143 | $2,567,143 |
| 11,200 shs Target Corp | $730,800 | $730,800 |
| 57,150 shs Texas Instruments Inc | $5,968,746 | $5,968,746 |
| 65,080 shs The Coca-Cola Co | $2,985,870 | $2,985,870 |
| 5,590 shs The Procter & Gamble Co | $513,609 | $513,609 |
| 20,900 shs The Walt Disney Co | $2,246,959 | $2,246,959 |
| 31,000 shs Total SA | $1,713,680 | $1,713,680 |
| 16,500 shs Twenty-First Century Fox | $569,745 | $569,745 |
| 3,400 shs Twenty-First Century Fox | $116,008 | $116,008 |
| 24,900 shs Union Pacific Corp | $3,339,090 | $3,339,090 |
| 18,450 shs United Technologies Corp | $2,353,667 | $2,353,667 |
| 13,970 shs UnitedHealth Group Inc | $3,079,826 | $3,079,826 |
| 689,638 shs Vanguard Mid-Cap Idx Fd | $29,185,491 | $29,185,491 |
| 361,726 shs Vanguard Tot Intl Stock Ix | $44,141,422 | $44,141,422 |
| 42,310 shs Visa Inc | $4,824,186 | $4,824,186 |
| 24,900 shs Walgreens Boots Alliance Inc | $1,808,238 | $1,808,238 |
| 17,720 shs Wal-Mart Stores Inc | $1,749,850 | $1,749,850 |
| 31,400 shs Wells Fargo & Co | $1,905,038 | $1,905,038 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $3,784,788 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $3,784,788 | USGovtObligationsEOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General governance & counsel | CategoryTxt |
| Legal Fees | $25,290 | LegalFeesAmt |
| Net Investment Income | $1,265 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $24,025 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Bank charges | $2,679 | $2,679 | |
| Dues and subscriptions | $1,331 | $1,331 | |
| Insurance | $2,985 | $149 | $2,836 |
| Office expense | $9,489 | $474 | $9,015 |
| Payroll processing fees | $5,358 | $268 | $5,090 |
| Technology expenses | $784 | $40 | $744 |
| Telephone | $4,321 | $216 | $4,105 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Unrealized appreciation in value of investments | Desc |
| Amt | $36,860,949 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Executive coaching | $6,563 | $328 | $0 | $6,235 |
| Investment counseling and fees | $265,079 | $265,079 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Excise tax | $92,942 | |
| Foreign tax | $54,040 | $54,040 |