THE POWELL FOUNDATION: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- THE POWELL FOUNDATION (EIN 74-6104592)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-05-09
- IRS object ID
- 201731299349100208
- 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 Govt Obligations Sch
- Land Etc Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-05-09T06:08:04-07:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
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 | 2016-01-01 | 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 | 2017-05-09 | 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 | 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 | $166,259,364 | 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 | $129,026,701 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $2,785,359 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,785,359 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$106,169 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,334,681 | GrossSalesPriceAmt |
| Total Rev And Expnss | $131,705,891 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,785,359 | TotalNetInvstIncmAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $219,893 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $10,994 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $208,899 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $36,123 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $1,806 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $34,317 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $3,150 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $158 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $2,992 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $20,990 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $4,353 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $16,637 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $150,520 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $144,677 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $5,843 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $76,047 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $24,169 | TaxesNetInvstIncmAmt |
| Occupancy Rev And Expnss | $23,618 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $1,181 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $22,437 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $40,264 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $2,013 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $38,251 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $42,031 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,101 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $39,930 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $612,636 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $191,452 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $369,306 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,194,046 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,532,546 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,806,682 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $191,452 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,901,852 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $127,899,209 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,593,907 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash EOY | $520,764 | CashEOYAmt |
| Cash EOYFMV | $520,764 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $583,455 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $5,926,139 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $5,926,139 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $20,049 | AcctRcvblAmt |
| Acct Rcvbl BOY | $8,769 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $20,049 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $20,049 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $310 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $310 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $310 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $420,056 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $3,517,992 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $3,517,992 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $29,281,574 | CorporateStockBOYAmt |
| Corporate Stock EOY | $152,678,527 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $152,678,527 | CorporateStockEOYFMVAmt |
| Corporate Bonds EOY | $3,595,583 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $3,595,583 | CorporateBondsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $4,335 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,335 | LandBldgEquipAccumDeprecAmt |
| Other Assets BOY | $738,538 | OtherAssetsBOYAmt |
| Total Assets BOY | $31,032,702 | TotalAssetsBOYAmt |
| Total Assets EOY | $166,259,364 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $166,259,364 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $5,224 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $378 | AccountsPayableEOYAmt |
| Grants Payable BOY | $23,500 | GrantsPayableBOYAmt |
| Grants Payable EOY | $1,685,000 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $28,724 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,685,378 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $31,003,978 | UnrestrictedBOYAmt |
| Unrestricted EOY | $164,573,986 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $31,003,978 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $164,573,986 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $31,032,702 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $166,259,364 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $31,003,978 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $127,899,209 | ExcessRevenueOverExpensesAmt |
| Other Increases | $5,670,799 | OtherIncreasesAmt |
| Subtotal | $164,573,986 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $164,573,986 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly traded securities | PropertyDesc |
| Gross Sales Price | $1,334,681 | GrossSalesPriceAmt |
| Cost Or Other Basis | $1,440,850 | CostOrOtherBasisAmt |
| Gain Or Loss | -$106,169 | GainOrLossAmt |
| Gains Minus Excess Or Losses | -$106,169 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$106,169 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,489,444 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $31,093,968 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.04790 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,363,062 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $30,660,751 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.04446 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,220,731 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $27,517,329 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.04436 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,099,530 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $24,606,927 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.04468 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $904,402 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $22,485,608 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.04022 | DistributionYr5Rt |
| Total Distribution | 0.221624 | TotalDistributionRt |
| Average Distribution | 0.044325 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $138,733,720 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $6,149,372 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $25,939 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $6,175,311 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,901,852 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $51,878 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $51,878 | SubtotalAmt |
| Tax Based On Investment Income | $51,878 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $51,500 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $51,500 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Tax Due | $378 | 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 | false | 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 (11 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Nancy Powell Moore | ||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | President/Dir | 3.00 | $0 |
| Ben H Powell V | ||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Vice Pres/Dir | 2.00 | $0 |
| Albert S Tabor | ||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | VP/Sec/Dir | 3.00 | $0 |
| Katherine Osborne Valdez | ||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Treasurer/Dir | 10.00 | $0 |
| Jan L Redford | ||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Director | 2.00 | $0 |
| Charles F Caldwell | ||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Director | 2.00 | $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 |
| Harvin C Moore IV | ||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Director | 1.00 | $0 |
| Caroline J Sabin | ||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Executive Dir. | 0.00 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Caroline J Sabin | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2121 San Felipe Ste 110 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Executive Director | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 40.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $164,787 | CompensationAmt |
| Employee Benefits | $10,519 | EmployeeBenefitsAmt |
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 | $143,444 | CompensationAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $121,507,005 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $19,180,611 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $158,800 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $140,846,416 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $140,846,416 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $2,112,696 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $138,733,720 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $6,936,686 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $6,936,686 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $51,878 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $51,878 | TotalTaxAmt |
| Distributable Before Adj | $6,884,808 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $6,884,808 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $6,884,808 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,901,852 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $1,901,852 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $1,901,852 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $6,884,808 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $430,970 | UndistributedIncomePYAmt |
| Qualifying Distributions | $1,901,852 | QualifyingDistributionsAmt |
| Applied To Year1 | $430,970 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,470,882 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $5,413,926 | 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 | $1,532,546 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,532,546 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| SPARK | |||||||
| PO Box 1562 | Houston | TX | 77251 | N/A | PC | To support the creation of school parks within park deserts in Houston | $500,000 |
| KIPP | |||||||
| 10711 Kipp Way Dr | Houston | TX | 77099 | N/A | PC | Teacher development and training component of KIPPing Point Campaign | $505,000 |
| Collaborative for Children | |||||||
| 1111 North Loop W Ste 600 | Houston | TX | 77008 | N/A | PC | Support for the development of a Promise Neighborhood-Gulfton in the College Bound from Birth Initiative | $555,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $1,560,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,785,359 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$106,169 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $2,679,190 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,679,190 | 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 | $129,026,701 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Bookkeeping | $13,650 | $683 | $0 | $12,967 |
| Tax compliance | $7,340 | $3,670 | $0 | $3,670 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $3,517,992 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $3,517,992 | USGovtObligationsEOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Machinery and Equipment | CategoryOrItemTxt |
| Cost Or Other Basis | $4,335 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $4,335 | AccumulatedDepreciationAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General governance & counsel | CategoryTxt |
| Legal Fees | $3,150 | LegalFeesAmt |
| Net Investment Income | $158 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $2,992 | 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 | $1,140 | $57 | $1,083 |
| Dues and subscriptions | $1,579 | $79 | $1,500 |
| Insurance | $3,012 | $151 | $2,861 |
| Office expense | $9,709 | $485 | $9,224 |
| Payroll processing fees | $2,134 | $106 | $2,028 |
| Software licensing fees | $20,922 | $1,046 | $19,876 |
| Telephone | $3,535 | $177 | $3,358 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Executive coaching | $3,925 | $196 | $0 | $3,729 |
| Investment counseling | $143,444 | $143,444 | $0 | $0 |
| Investment fees | $926 | $926 | $0 | $0 |
| Technology consulting | $2,225 | $111 | $0 | $2,114 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Excise tax | $51,878 | |
| Foreign tax | $24,169 | $24,169 |