WORTHAM FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- WORTHAM FOUNDATION (EIN 74-1334356)
- Tax period
- 2024-10-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202543219349103794
- Schema version
- 2024v5.2
- 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
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Land Etc Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T12:20:34-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 760146530 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MADDOX THOMSON & ASSOCIATES PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2603 AUGUSTA DRIVE SUITE 1400 | AddressLine1Txt |
| City | HOUSTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77057 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 741334356 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE WORTHAM FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WORT | BusinessNameControlTxt |
| Phone | 7135268849 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2727 ALLEN PARKWAY SUITE 1570 | AddressLine1Txt |
| City | HOUSTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 770192167 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRADY CARRUTH | PersonNm |
| Person Title | PRESIDENT, ASST TREASURER | PersonTitleTxt |
| Phone | 7135268849 | PhoneNum |
| Signature | 2025-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JENNIFER YOUNGBLOOD | PreparerPersonNm |
| PTIN | P01318902 | PTIN |
| Phone | 7137834242 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $277,918,348 | 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 | $72,323 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $72,323 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $2,275,113 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,275,113 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $11,295,745 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $19,846,362 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $11,295,745 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $35,618 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $35,618 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $13,678,799 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $13,678,799 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $63,800 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $25,520 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $38,280 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $59,594 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $35,756 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $23,838 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $75,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $64,000 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $11,000 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $250,744 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $250,744 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $126,098 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $5,109 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $120,989 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $354 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $354 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $32,786 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $24,590 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $8,197 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $90,545 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $74,258 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $16,287 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $698,921 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $480,331 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $218,591 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,977,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,977,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,675,921 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $480,331 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,195,591 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $10,002,878 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $13,198,468 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $5,704,580 | CashBOYAmt |
| Cash EOY | $5,863,560 | CashEOYAmt |
| Cash EOYFMV | $5,863,560 | CashEOYFMVAmt |
| Prepaid Expenses BOY | $277,265 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $50,507 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $50,507 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $5,985,946 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $6,930,993 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $6,371,173 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $214,995,400 | CorporateStockBOYAmt |
| Corporate Stock EOY | $224,095,985 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $250,043,562 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $15,806,169 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $15,316,335 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $15,253,857 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $0 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $316,971 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $328,971 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $42,164 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $35,446 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $7,072 | LandBOYAmt |
| Land EOY | $6,718 | LandEOYAmt |
| Land EOYFMV | $6,718 | LandEOYFMVAmt |
| Total Assets BOY | $242,776,432 | TotalAssetsBOYAmt |
| Total Assets EOY | $252,581,069 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $277,918,348 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $6,302 | AccountsPayableBOYAmt |
| Total Liabilities BOY | $6,302 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $146,949,480 | CapitalStockBOYAmt |
| Capital Stock EOY | $146,949,480 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $95,820,650 | RetainedEarningBOYAmt |
| Retained Earning EOY | $105,631,589 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $242,770,130 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $252,581,069 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $242,776,432 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $252,581,069 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $242,770,130 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $10,002,878 | ExcessRevenueOverExpensesAmt |
| Other Increases | $6,302 | OtherIncreasesAmt |
| Subtotal | $252,779,310 | SubtotalAmt |
| Other Decreases | $198,241 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $252,581,069 | 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 |
|---|---|---|---|---|---|
| SEE STATEMENT A | P | $19,318,769 | $8,550,617 | $10,768,152 | $10,768,152 |
| AVALON INVESTMENT PARTNERS, LLC | P | $238,471 | $238,471 | $238,471 | |
| AVALON INVESTMENT PARTNERS, LLC | P | $289,122 | $289,122 | $289,122 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $11,295,745 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $183,459 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $183,459 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $183,459 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $60,031 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $60,031 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $1,394 | EsPenaltyAmt |
| Tax Due | $124,822 | 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 | 0 | UnrelatedBusIncmOverLimitInd |
| 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 | BARBARA S CARMICHAEL | IndividualWithBooksNm |
| Phone | 7135268849 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2727 ALLEN PARKWAY STE 1570 | AddressLine1Txt |
| City | HOUSTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 770192167 | 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 | 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 | 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 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 |
|---|---|---|---|---|---|---|---|---|
| R W WORTHAM III | ||||||||
| 2727 ALLEN PARKWAY STE 1570 | HOUSTON | TX | 770192167 | CHAIRMAN, ASST TREASURER | 10.00 | $13,200 | $0 | $0 |
| BRADY F CARRUTH | ||||||||
| 2727 ALLEN PARKWAY STE 1570 | HOUSTON | TX | 770192167 | PRESIDENT, ASST TREASURER | 10.00 | $13,200 | $0 | $0 |
| THOMAS E SMITH | ||||||||
| 2727 ALLEN PARKWAY STE 1570 | HOUSTON | TX | 770192167 | TRUSTEE, ASST TREASURER | 10.00 | $13,200 | $0 | $0 |
| BRADY CARRUTH JR | ||||||||
| 2727 ALLEN PARKWAY STE 1570 | HOUSTON | TX | 770192167 | TRUSTEE, ASST TREASURER | 10.00 | $12,100 | $0 | $0 |
| THOMAS R RYAN | ||||||||
| 2727 ALLEN PARKWAY STE 1570 | HOUSTON | TX | 770192167 | TRUSTEE, ASST TREASURER | 10.00 | $5,500 | $0 | $0 |
| FRED C BURNS | ||||||||
| 2727 ALLEN PARKWAY STE 1570 | HOUSTON | TX | 770192167 | SECRETARY TREASURER | 10.00 | $6,600 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| HIRTLE & CALLAGHAN | |||||
| 300 BARR HARBOR DR STE 500 | W CONSHOHOCKEN | PA | 19428 | INVESTMENT MGMT | $87,797 |
| JP MORGAN CHASE BANK NA | |||||
| 270 PARK AVE | NEW YORK | TX | 100172014 | INVESTMENT MGMT | $71,819 |
| CORIENTAVALON ADVISORS | |||||
| 2929 ALLEN PKWY STE 3000 | HOUSTON | TX | 77019 | INVESTMENT MGMT | $66,236 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Expenses2 | $0 | Expenses2Amt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $272,611,913 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $6,760,451 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $2,000,000 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $281,372,364 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $281,372,364 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $4,220,585 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $277,151,779 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,492,944 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,492,944 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $183,459 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $183,459 | TotalTaxAmt |
| Distributable Before Adj | $3,309,485 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $3,309,485 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $3,309,485 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,195,591 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $3,195,591 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,309,485 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $75,439 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr1 | $159,530 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $234,969 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,195,591 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $3,195,591 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $113,894 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $113,894 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $121,075 | 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 | $121,075 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $121,075 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | ANGELA HINNANT | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2727 ALLEN PARKWAY 1570 | AddressLine1Txt |
| City | HOUSTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 770192125 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7135268849 | RecipientPhoneNum |
| Form And Info And Materials | N/A | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | BY THE SECOND WEEK OF JANUARY, APRIL, JULY, OCTOBER, TO BE CONSIDERED AT QUARTERLY TRUSTEE MEETINGS. | SubmissionDeadlinesTxt |
| Restrictions On Awards | AWARDS ARE GRANTED PRIMARILY FOR CULTURAL ARTS AND CIVIC BEAUTIFICATION PROJECTS AND TO THOSE PROJECTS WHICH BENEFIT THE CITIZENS OF HOUSTON, HARRIS COUNTY, TEXAS. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (19 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ARMAND BAYOU | |||||||
| PO BOX 58828 | HOUSTON | TX | 77258 | NONE | PUBLIC | GENERAL OPERATIONS | $25,000 |
| ASIA SOCIETY ASIA HOUSE | |||||||
| 4605 POST OAK PLACE 205 | HOUSTON | TX | 77027 | NONE | PUBLIC | GENERAL OPERATIONS | $10,000 |
| CHILDREN'S MUSEUM | |||||||
| 1500 BINZ | HOUSTON | TX | 770047112 | NONE | PUBLIC | GENERAL OPERATIONS | $175,000 |
| CLASSICAL THEATRE COMPANY | |||||||
| 4617 MONTROSE BLVD | HOUSTON | TX | 77006 | NONE | PUBLIC | GENERAL OPERATIONS | $15,000 |
| DA CAMERA SOCIETY | |||||||
| 3912 MANDELL | HOUSTON | TX | 77006 | NONE | PUBLIC | GENERAL OPERATIONS | $150,000 |
| DIVERSE WORKS | |||||||
| 1117 E FWY | HOUSTON | TX | 770021118 | NONE | PUBLIC | GENERAL OPERATIONS | $10,000 |
| GALVESTON HISTORICAL FOUNDATION | |||||||
| 502 20TH ST | GALVESTON | TX | 77550 | NONE | PUBLIC | ANNUAL PRESERVATION | $40,000 |
| HEALTH MUSEUM | |||||||
| 1515 HERMANN DR | HOUSTON | TX | 77339 | NONE | PUBLIC | GENERAL OPERATIONS | $40,000 |
| HOBBY CENTER | |||||||
| 800 BAGBY 300 | HOUSTON | TX | 77002 | NONE | PUBLIC | GENERAL OPERATIONS | $100,000 |
| HOUSTON BOYCHOIR INC | |||||||
| PO BOX 271342 | HOUSTON | TX | 772771342 | NONE | PUBLIC | GENERAL OPERATIONS | $7,000 |
| HOUSTON CHORAL SOCIETY | |||||||
| 9597 JONES ROAD STE 389 | HOUSTON | TX | 77065 | NONE | PUBLIC | GENERAL OPERATIONS | $5,000 |
| HOUSTON GRAND OPERA | |||||||
| 510 PRESTON | HOUSTON | TX | 770021594 | NONE | PUBLIC | GENERAL OPERATIONS | $850,000 |
| HOUSTON MASTERWORKS CHORUS | |||||||
| 9002 CHIMNEY ROCK G-352 | HOUSTON | TX | 77096 | NONE | PUBLIC | GENERAL OPERATIONS | $10,000 |
| HOUSTON PUBLIC MEDIA FOUNDATION | |||||||
| 4343 ELGIN | HOUSTON | TX | 772040008 | NONE | PUBLIC | GENERAL OPERATIONS | $100,000 |
| HOUSTON SYMPHONY SOCIETY | |||||||
| 615 LOUISIANA | HOUSTON | TX | 770022798 | NONE | PUBLIC | GENERAL OPERATIONS | $1,000,000 |
| MEMORIAL PARK CONSERVANCY | |||||||
| 1575 NORTH PICNIC LANE | HOUSTON | TX | 77007 | NONE | PUBLIC | GENERAL OPERATIONS | $50,000 |
| SAN JACINTO GIRL SCOUTS | |||||||
| 3110 SOUTHWEST FREEWAY | HOUSTON | TX | 77098 | NONE | PUBLIC | GENERAL OPERATIONS | $250,000 |
| SPARK | |||||||
| PO BOX 1562 | HOUSTON | TX | 77251 | NONE | PUBLIC | GENERAL OPERATIONS | $40,000 |
| STAGES REPERTORY THEATRE | |||||||
| 3201 ALLEN PKWY 101 | HOUSTON | TX | 77019 | NONE | PUBLIC | GENERAL OPERATIONS | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,977,000 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (9 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ALLEY THEATRE | |||||||
| 615 TEXAS AVE | HOUSTON | TX | 77002 | NONE | PUBLIC | CHALLENGE | $250,000 |
| BATTLESHIP TEXAS | |||||||
| 908 TOWN COUNTRY 120 | HOUSTON | TX | 77024 | NONE | PUBLIC | CAPITAL | $250,000 |
| BUFFALO BAYOU PARTNERSHIP | |||||||
| 1113 VINE STREET 215 | HOUSTON | TX | 77002 | NONE | PUBLIC | OPERATIONS | $50,000 |
| BUFFALO BAYOU PARTNERSHIP (EAST) | |||||||
| 1113 VINE STREET 215 | HOUSTON | TX | 77002 | NONE | PUBLIC | CAPITAL | $2,000,000 |
| DISCOVERY GREEN | |||||||
| 1500 MCKINNEY ST | HOUSTON | TX | 77010 | NONE | PUBLIC | CHALLENGE | $250,000 |
| GALVESTON HISTORICAL FOUNDATION | |||||||
| 502 20TH ST | GALVESTON | TX | 77550 | NONE | PUBLIC | CHALLENGE | $80,000 |
| HOUSTON MUSEUM OF NATURAL SCIENCE | |||||||
| 5555 HERMANN PARK DR | HOUSTON | TX | 77030 | NONE | PUBLIC | CAPITAL | $1,000,000 |
| RIVER OAKS CHAMBER ORCHESTRA | |||||||
| 3104 EDLOE STE 350 | HOUSTON | TX | 77027 | NONE | PUBLIC | OPERATIONS | $40,000 |
| WOODLANDS CEMETARY | |||||||
| C/O FARMERS STATE BANK | KIRVIN | TX | 75848 | NONE | PUBLIC | OPERATIONS | $10,800 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $3,930,800 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $72,323 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,275,113 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 38 | ExclusionCd |
| Exclusion | $35,618 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $11,295,745 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $13,678,799 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $13,678,799 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (4 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 3 | N/A |
| 4 | N/A |
| 7 | N/A |
| 8 | N/A |
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 (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| MELTON & MELTON | $20,000 | $20,000 | $0 |
| TBM CONSULTING INC | $55,000 | $44,000 | $11,000 |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (5 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| COMPUTERS | 2022-10-31 | $17,109 | $17,109 | SL | 5.000000000000 | $0 | $0 |
| FURNITURE & FIXTURES | 2022-10-31 | $1,174 | $1,174 | SL | 5.000000000000 | $0 | $0 |
| TELEPHONE SYSTEM | 2022-10-31 | $16,809 | $16,809 | SL | 5.000000000000 | $0 | $0 |
| MAGNOLIA CEMETARY | 2022-10-31 | $1 | L | $0 | $0 | ||
| COMPUTERS | 2024-10-01 | $7,071 | SL | 5.000000000000 | $354 | $354 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | SEE STATEMENT D | BondNm |
| EOY Book Value | $15,316,335 | EOYBookValueAmt |
| EOYFMV | $15,253,857 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | SEE STATEMENT C | StockNm |
| EOY Book Value | $224,095,985 | EOYBookValueAmt |
| EOYFMV | $250,043,562 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $6,930,993 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $6,371,173 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INCREASE IN INVESTMENT IN AVALON INVESTMENT PARTNERS, LLC | AT COST | $316,971 | $316,971 |
| ROYALTY - SEE STATEMENT E | AT COST | $0 | $12,000 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| COMPUTERS | $17,109 | $17,109 | $0 |
| FURNITURE & FIXTURES | $1,174 | $1,174 | $0 |
| TELEPHONE SYSTEM | $16,809 | $16,809 | $0 |
| MAGNOLIA CEMETARY | $1 | $0 | $1 |
| COMPUTERS | $7,071 | $354 | $6,717 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| SEC. 212 PORTFOLIO DEDUCTIONS - AVALON INVESTMENT PARTNERS, LLC | $193,831 |
| NONDEDUCTIBLE EXPENSES - - AVALON INVESTMENT PARTNERS, LLC | $4,410 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OFFICE EXPENSES | $36,193 | $19,906 | $16,287 |
| INVESTMENT INTEREST EXPENSE - AVALON INVESTMENT PARTNERS, LLC | $53,673 | $53,673 | $0 |
| INTEREST EXPENSE ON DEBT-FINANCED DISTRIBUTIONS - AVALON INVESTMENT PARTNERS | $24 | $24 | $0 |
| OTHER DEDUCTIONS - AVALON INVESTMENT PARTNERS, LLC | $655 | $655 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| ROYALTY INCOME | $219 | $219 | $219 |
| PARTNERSHIP INCOME | $34,024 | $34,024 | $34,024 |
| MISCELLANEOUS INCOME | $1,322 | $1,322 | $1,322 |
| AVALON INVESTMENT PARTNERS, LLC | $53 | $53 | $53 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADJUST TO CLOSE ACCOUNT PAYABLE | Desc |
| Amt | $6,302 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| CORIENT/AVALON | $66,236 | $66,236 | $0 |
| J P MORGAN CHASE BANK NA | $71,819 | $71,819 | $0 |
| HIRTLE CALL & BANK OF AM | $87,797 | $87,797 | $0 |
| VAUGHAN NELSON | $15,318 | $15,318 | $0 |
| COVENANT/DILIGENT | $9,574 | $9,574 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $912 | $912 | $0 |
| PAYROLL TAXES | $4,559 | $2,735 | $1,824 |
| PROPERTY TAX | $363 | $363 | $0 |
| FED EXCISE TAX | $119,165 | $0 | $119,165 |
| FOREIGN TAXES - AVALON INVESTMENT PARTNERS, LLC | $1,099 | $1,099 | $0 |