WELBORN-PAYNE ENDOWMENT TRUST: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- WELBORN-PAYNE ENDOWMENT TRUST (EIN 75-6435671)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-05-08
- IRS object ID
- 201721289349100022
- Schema version
- 2016v3.0
- 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
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-05-08T09:51:42-05:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 750882037 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLINGER SEGARS GILBERT AND MOSS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8215 NASHVILLE AVENUE | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79423 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 756435671 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WELBORN-PAYNE ENDOWMENT TRUST | BusinessNameLine1Txt |
| Business Name Line2 | C/O PROSPERITY BANK TRUSTEE | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WELB | BusinessNameControlTxt |
| Phone | 8067677000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1401 AVENUE Q | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 794013819 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PROSPERITY BANK | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 8067677000 | PhoneNum |
| Signature | 2017-05-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATT R WILLIS | PreparerPersonNm |
| PTIN | P00419741 | PTIN |
| Phone | 8067473806 | PhoneNum |
| Preparation | 2017-05-04 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 65.182.80.152 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-05-04 | IPDt |
| IP Tm | 10:41:50 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | CB5A0E479F48EA1F6193FAC25919DDB6F67E784D | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | CB5A0E479F48EA1F6193FAC25919DDB6F67E784D | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $30,472,526 | 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 | $143,368 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $110,876 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $110,876 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $503,173 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $503,173 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $59,896 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $59,896 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $54,527 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $923,462 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,010,609 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $923,462 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $184,510 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $119,238 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,925,285 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,716,645 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $105,866 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $52,933 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $52,933 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $783 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $783 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $4,300 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $3,225 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $1,075 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $38,698 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $12,596 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $53,380 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $21,266 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $1,640 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $1,640 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $0 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $66,545 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $66,537 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $271,212 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $158,980 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $54,008 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,402,101 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,402,101 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,673,313 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $158,980 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,456,109 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $251,972 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,557,665 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $27,629 | CashBOYAmt |
| Cash EOY | $44,013 | CashEOYAmt |
| Cash EOYFMV | $44,013 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $167,509 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,743,596 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,743,596 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $3,519 | AcctRcvblAmt |
| Acct Rcvbl BOY | $11,069 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $3,519 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $3,519 | AcctRcvblEOYFMVAmt |
| Invst Land Cost Or Other Basis | $120,000 | InvstLandCostOrOtherBasisAmt |
| Land Bldg Investments BOY | $120,000 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $120,000 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $116,685 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $27,846,171 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $25,593,685 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $27,172,337 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $353,023 | OtherAssetsBOYAmt |
| Other Assets EOY | $353,023 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $392,376 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $28,525,401 | TotalAssetsBOYAmt |
| Total Assets EOY | $28,857,836 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $30,472,526 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $28,525,401 | CapitalStockBOYAmt |
| Capital Stock EOY | $28,857,836 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $28,525,401 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $28,857,836 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $28,525,401 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $28,857,836 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $28,525,401 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $251,972 | ExcessRevenueOverExpensesAmt |
| Other Increases | $80,463 | OtherIncreasesAmt |
| Subtotal | $28,857,836 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $28,857,836 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | P | $5,745,979 | $5,087,147 | $658,832 | $658,832 |
| CEP JR LTD K-1 | P | $12,837 | $12,837 | $12,837 | |
| CAPITAL GAINS DIVIDENDS | P | $251,793 | $251,793 | $251,793 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $923,462 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,309,417 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $29,936,249 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.043740 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,196,293 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $29,529,115 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.040512 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,099,531 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $27,550,748 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.039909 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,063,781 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $25,352,965 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.041959 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,026,028 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $24,954,217 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.041116 | DistributionYr5Rt |
| Total Distribution | 0.207236 | TotalDistributionRt |
| Average Distribution | 0.041447 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $28,598,288 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,185,313 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $15,577 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,200,890 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,456,109 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $15,577 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $15,577 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $15,577 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $21,306 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $21,306 | TotalPaymentsAndCreditsAmt |
| Overpayment | $5,729 | OverpaymentAmt |
| Applied To ES Tax | $5,729 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 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 | STEVE EXTER PROSPERITY BANK | IndividualWithBooksNm |
| Phone | 8067677000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1401 AVENUE Q | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PROSPERITY BANK | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1401 AVENUE Q | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 794013819 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | TRUSTEE | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 10.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $105,866 | CompensationAmt |
| Employee Benefit Program | $0 | EmployeeBenefitProgramAmt |
| Expense Account Other Allwnc | $0 | ExpenseAccountOtherAllwncAmt |
| 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) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $25,783,888 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,926,520 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,323,387 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $29,033,795 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $29,033,795 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $435,507 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $28,598,288 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,429,914 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,429,914 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $15,577 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $10,899 | IncomeTaxAmt |
| Total Tax | $26,476 | TotalTaxAmt |
| Distributable Before Adj | $1,403,438 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,403,438 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,403,438 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,456,109 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,456,109 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $15,577 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,440,532 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,403,438 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,449,134 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,456,109 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,449,134 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $6,975 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $1,396,463 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| FIRST UNITED METHODIST CHURCH | |||||||
| 1411 BROADWAY | LUBBOCK | TX | 79401 | N/A | PC | TO SUPPORT THE MISSION OF THE METHODIST CHURCH. | $385,000 |
| FIRST UNITED METHODIST CHURCH-EVERLIVING CHURCH TRUST | |||||||
| 1411 BROADWAY | LUBBOCK | TX | 79401 | N/A | PC | RELIGIOUS | $1,426 |
| LUBBOCK MEALS ON WHEELS | |||||||
| 2403 34TH STREET | LUBBOCK | TX | 79411 | N/A | PC | TO PROVIDE MEALS FOR INDIVIDUALS | $150,000 |
| LUBBOCK WOMENS CLUB | |||||||
| 2020 BROADWAY | LUBBOCK | TX | 79401 | N/A | PC | CHARITABLE | $100,000 |
| SOUTH PLAINS FOOD BANK | |||||||
| 4612 LOCUST AVE | LUBBOCK | TX | 79404 | N/A | PC | ASSIST THE HUNGRY | $150,000 |
| TEXAS BOYS RANCH | |||||||
| PO BOX 5665 | LUBBOCK | TX | 79408 | N/A | PC | FOSTER CHILDREN | $150,000 |
| TEXAS BOYS RANCH FOUNDATION | |||||||
| PO BOX 5665 | LUBBOCK | TX | 79408 | N/A | SO III FI | FOSTER CHILDREN | $675 |
| TEXAS TECH FOUNDATION | |||||||
| PO BOX 41081 | LUBBOCK | TX | 79409 | N/A | PC | TO FUND PUBLIC BROADCASTING STATION KTTZ-FM | $150,000 |
| THE SALVATION ARMY | |||||||
| 1614 AVE J | LUBBOCK | TX | 79401 | N/A | PC | CHARITABLE | $150,000 |
| LUBBOCK CHRISTIAN SCHOOLS | |||||||
| 2604 DOVER AVE | LUBBOCK | TX | 79407 | N/A | PC | TO PROVIDE A GRANT TO THE SCHOOL FOR CONSTRUCTION OF A NEW CAMPUS. | $150,000 |
| SOUTH PLAINS SPCA | |||||||
| PO BOX 64448 | LUBBOCK | TX | 794644448 | N/A | PC | TO PROVIDE FUNDS FOR THE ORGANIZATION TO USE TO FIND HOMES FOR ABUSED, NEGLECTED AND ABANDONED DOGS AND CATS. | $15,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,402,101 | 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 | $110,876 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $503,173 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $54,527 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $119,238 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $923,462 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (3 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| CEP, JR LTD ORDINARY BUSINESS INCOME | 211110 | -$1,979 | ||
| J.M. WELBORN TRUST - OIL & GAS WORKING INTEREST | 211110 | $67,166 | ||
| PATRONAGE CAPITAL RETIREMENTS | 14 | $85 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $65,187 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,711,361 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,776,548 | 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 |
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 | JM WELBORN TRUST | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O PROSPERITY BANK 1401 AVENUE Q | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 794013819 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $127,511 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $4,300 | Amt |
| Net Investment Income | $3,225 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $1,075 | DisbursementsCharitablePrpsAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| LTD. PARTNERSHIP INTEREST/CLOSELY HELD STOCK | AT COST | $3,363,105 | $1,112,125 |
| STOCK MUTUAL FUNDS | AT COST | $21,495,323 | $25,324,955 |
| MINERAL INTERESTS | AT COST | $735,257 | $735,257 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $783 | LegalFeesAmt |
| Net Investment Income | $783 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REMAINDER INTEREST IN REAL PROPERTY | Desc |
| BOY Book Value | $353,023 | BOYBookValueAmt |
| EOY Book Value | $353,023 | EOYBookValueAmt |
| EOYFMV | $392,376 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PASSTHROUGH PORTFOLIO DEDUCTIONS FROM K-1 | $42,779 | $42,779 | $0 |
| PASSTHROUGH RENTAL LOSS FROM CEP JR K-1 | $23,758 | $23,758 | $0 |
| MISCELLANEOUS | $8 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| CEP, JR LTD NET ROYALTIES PER K-1 | $2,837 | $2,837 | $2,837 |
| ROYALTY INCOME | $11,911 | $11,911 | $11,911 |
| J.M. WELBORN TRUST - ROYALTIES | $104,440 | $104,440 | $104,440 |
| CLIFFORD E PAYNE, JR TRUST - ROYALTIES | $50 | $50 | $50 |
| CEP, JR LTD ORDINARY BUSINESS INCOME | -$1,979 | -$1,979 | |
| J.M. WELBORN TRUST - OIL & GAS WORKING INTEREST | $67,166 | $67,166 | |
| PATRONAGE CAPITAL RETIREMENTS | $85 | $85 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNRELATED BUSINESS INCOME TAX REFUND | Desc |
| Amt | $80,463 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $7,964 | $7,964 | $0 |
| SEVERANCE TAXES ON ROYALTIES | $903 | $903 | $0 |
| FEDERAL INCOME AND EXCISE TAX | $25,248 | $0 | $0 |
| STATE INCOME TAX | $854 | $0 | $0 |
| PROPERTY TAXES | $3,729 | $3,729 | $0 |