THE POWELL FOUNDATION: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- THE POWELL FOUNDATION (EIN 74-6104592)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-05-05
- IRS object ID
- 201611269349100546
- Schema version
- 2015v2.0
- 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 Corp Stock Schedule
- Investments Govt Obligations Sch
- Land Etc Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-05-05T12:02:05-07:00 | ReturnTs |
| Tax Period End | 2015-12-31 | 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 | 2015-01-01 | 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 | Nancy Powell Moore | PersonNm |
| Person Title | Pres/Treas/Dir. | PersonTitleTxt |
| Signature | 2016-05-05 | 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 | 2015 | TaxYr |
| Build TS | 2016-09-27 15:27:22Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $31,032,702 | 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 | $1,564,341 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $813,170 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $813,170 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,459,271 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,076,560 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,793,530 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $4,836,782 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,606,700 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $156,930 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $7,847 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $149,083 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $33,099 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $3,310 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $29,789 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $17,935 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $1,074 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $16,862 | PensionEmplBnftDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $2,600 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,300 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $1,300 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $54,762 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $54,762 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $46,601 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $11,377 | TaxesNetInvstIncmAmt |
| Occupancy Rev And Expnss | $19,275 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $964 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $18,311 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $67,885 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $3,394 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $64,491 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $5,678 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $284 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $5,394 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $404,765 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $84,312 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $285,230 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,187,938 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,239,438 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,592,703 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $84,312 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,524,668 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,244,079 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,522,388 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $201,866 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $583,455 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $583,455 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $8,769 | AcctRcvblAmt |
| Acct Rcvbl BOY | $10,017 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $8,769 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $8,769 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $310 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $310 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $310 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $407,381 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $420,056 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $420,056 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $30,935,304 | CorporateStockBOYAmt |
| Corporate Stock EOY | $29,281,574 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $29,281,574 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $4,335 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,335 | LandBldgEquipAccumDeprecAmt |
| Other Assets EOY | $738,538 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $738,538 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $31,554,878 | TotalAssetsBOYAmt |
| Total Assets EOY | $31,032,702 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $31,032,702 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $12,557 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $5,224 | AccountsPayableEOYAmt |
| Grants Payable BOY | $75,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $23,500 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $87,557 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $28,724 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $31,467,321 | UnrestrictedBOYAmt |
| Unrestricted EOY | $31,003,978 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $31,467,321 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $31,003,978 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $31,554,878 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $31,032,702 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $31,467,321 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,244,079 | ExcessRevenueOverExpensesAmt |
| Subtotal | $34,711,400 | SubtotalAmt |
| Other Decreases | $3,707,422 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $31,003,978 | 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 |
| How Acquired | P | HowAcquiredCd |
| Acquired | 2013-01-01 | AcquiredDt |
| Sold | 2015-01-01 | SoldDt |
| Gross Sales Price | $5,076,560 | GrossSalesPriceAmt |
| Cost Or Other Basis | $2,283,030 | CostOrOtherBasisAmt |
| Gain Or Loss | $2,793,530 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $2,793,530 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,793,530 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,363,062 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $30,660,751 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.04446 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,220,731 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $27,517,329 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.04436 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,099,530 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $24,606,927 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.04468 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $904,402 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $22,485,608 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.04022 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $759,456 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $18,845,501 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.04030 | DistributionYr5Rt |
| Total Distribution | 0.214022 | TotalDistributionRt |
| Average Distribution | 0.042804 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $31,093,968 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,330,946 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $35,224 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,366,170 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,524,668 | 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 | $35,224 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $35,224 | SubtotalAmt |
| Tax Based On Investment Income | $35,224 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $30,000 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $30,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Tax Due | $5,224 | 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 (12 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt |
|---|---|---|---|---|---|---|---|
| Kitty King Powell | |||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Founder | 0.00 | $0 | |
| Nancy Powell Moore | |||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Pres/Treas/Dir. | 3.00 | $2,494 | |
| 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. | 2.00 | $0 | |
| Charles F Caldwell | |||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Director | 1.00 | $0 | |
| Jan L Redford | |||||||
| 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 | |
| Katherine Osborne Valdez | |||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Director | 3.00 | $0 | |
| Ben H Powell VI | |||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Director | 1.00 | $0 | |
| Marian MCasey | |||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Director | 1.00 | $0 | |
| Caroline Sabin | |||||||
| 2121 San Felipe Ste 110 | Houston | TX | 77019 | Executive Dir. | 40.00 | $154,436 | $4,633 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
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 | $54,762 | CompensationAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $30,994,128 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $476,229 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $97,123 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $31,567,480 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $31,567,480 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $473,512 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $31,093,968 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,554,698 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,554,698 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $35,224 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $35,224 | TotalTaxAmt |
| Distributable Before Adj | $1,519,474 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,519,474 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,519,474 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,524,668 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $1,524,668 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $35,224 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,489,444 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,519,474 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $436,164 | UndistributedIncomePYAmt |
| Qualifying Distributions | $1,524,668 | QualifyingDistributionsAmt |
| Applied To Year1 | $436,164 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,088,504 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $430,970 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Nancy Powell Moore | ContributingManagerNm |
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 detail attachment | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundations state zip code | AddressLine1Txt |
| City | for efiling | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Or Contribution Purpose | See attachment | GrantOrContributionPurposeTxt |
| Amt | $1,239,438 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,239,438 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $813,170 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,459,271 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $3,272,441 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,272,441 | 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 (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| Kitty King Powell | |||||||
| 1 | 4718 Hallmark AL 11 | Houston | TX | 77056 | $825,803 | Yes (X) | Yes (X) |
| Kitty King Powell Estate | |||||||
| 2 | 4718 Hallmark AL 11 | Houston | TX | 77056 | $738,538 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 15,800 shs GE Stock | $425,803 | 2015-05-01 |
| 2 | Account receivable | $738,538 | 2015-11-13 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Tax Compliance Services | CategoryTxt |
| Amt | $2,600 | Amt |
| Net Investment Income | $1,300 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $1,300 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Corporate Stock - See attachment (p.1-5) | $21,825,705 | $21,825,705 |
| Vanguard Int'l Stock Ix Admiral | $4,465,004 | $4,465,004 |
| Vanguard Mid-cap Index Fund Adm | $2,990,865 | $2,990,865 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $420,056 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $420,056 | 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 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Receivable from estate | Desc |
| EOY Book Value | $738,538 | EOYBookValueAmt |
| EOYFMV | $738,538 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Dues and subscriptions | $77 | $4 | $73 |
| Insurance | $1,693 | $85 | $1,608 |
| Office expense | $2,100 | $105 | $1,995 |
| Payroll processing fees | $1,808 | $90 | $1,718 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Counseling | CategoryTxt |
| Amt | $54,762 | Amt |
| Net Investment Income | $54,762 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Accrued tax expense | $5,224 | |
| Federal Excise Tax | $30,000 | |
| Foreign Tax | $11,377 | $11,377 |