AARON FORMAN TRUST: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- AARON FORMAN TRUST (EIN 74-6284810)
- Tax period
- 2013-11-01 to 2014-10-31
- Filed
- 2015-08-11
- IRS object ID
- 201512249349100006
- Schema version
- 2013v4.0
- 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
- Accounting Fees Schedule
- Compensation Explanation
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-08-11T15:39:10-05:00 | ReturnTs |
| Tax Period End | 2014-10-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 943426000 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LYNCH & COMPANY LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 3075 | AddressLine1 |
| City | TEXAS CITY | City |
| State | TX | State |
| ZIP Code | 775923075 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2013-11-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 746284810 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AARON FORMAN TRUST | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | AARO | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 179 | AddressLine1 |
| City | GALVESTON | City |
| State | TX | State |
| ZIP Code | 77553 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | FROST NATIONAL BANK | PersonNm |
| Person Title | FORMAN | PersonTitleTxt |
| Signature | 2015-07-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RACHEL A OSTEEN | PreparerPersonNm |
| PTIN | P01343997 | PTIN |
| Phone | 4097634484 | PhoneNum |
| Preparation | 2015-08-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $771,158 | 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 |
| Dividends Rev And Expnss | $13,075 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $13,075 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $13,075 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $14,699 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $14,699 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $14,699 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $27,774 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $27,774 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $13,075 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $8,680 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $1,300 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,300 | AccountingFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $391 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $18 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $18 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $10,389 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,318 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $34,176 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $34,176 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $44,565 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,318 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $34,176 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$16,791 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $26,456 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $13,075 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $27,788 | CashBOYAmt |
| Cash EOY | $10,997 | CashEOYAmt |
| Cash EOYFMV | $10,997 | CashEOYFMVAmt |
| Prepaid Expenses BOY | $1,103 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $1,103 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $1,103 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $568,646 | CorporateStockBOYAmt |
| Corporate Stock EOY | $568,646 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $759,058 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $597,537 | TotalAssetsBOYAmt |
| Total Assets EOY | $580,746 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $771,158 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $597,537 | RetainedEarningBOYAmt |
| Retained Earning EOY | $580,746 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $597,537 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $580,746 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $597,537 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $580,746 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $597,537 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$16,791 | ExcessRevenueOverExpensesAmt |
| Subtotal | $580,746 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $580,746 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $14,699 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Net Vl Noncharitable Assets Yr1 | $693,009 | NetVlNoncharitableAssetsYr1Amt |
| Adjusted Qlfy Distri Yr2 | $32,622 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $633,905 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.051462 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $30,759 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $657,813 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.046759 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $27,426 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $618,435 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.044347 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $37,852 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $552,526 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.068507 | DistributionYr5Rt |
| Total Distribution | 0.211075 | TotalDistributionRt |
| Average Distribution | 0.052769 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $788,492 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $41,608 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $265 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $41,873 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $34,176 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $529 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $529 | SubtotalAmt |
| Tax Based On Investment Income | $529 | TaxBasedOnInvestmentIncomeAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $10 | EsPenaltyAmt |
| Tax Due | $539 | 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 |
| 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 | N/A | WebsiteAddressTxt |
| Individual With Books | FROST NATIONAL BANK TRUST DEPT | IndividualWithBooksNm |
| Phone | 4097631151 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2201 MARKET STREET | AddressLine1 |
| City | GALVESTON | City |
| State | TX | State |
| ZIP Code | 77553 | ZIPCode |
| 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 | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| 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 |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| FROST NATIONAL BANK | ||||||||
| 2201 MARKET STREET | GALVESTON | TX | 77553 | TRUSTEE | 5.00 | $8,680 | $0 | $0 |
| DORIS PRYZANT | ||||||||
| C/O FROST 2201 MARKET STREET | GALVESTON | TX | 77553 | TRUSTEE | 5.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THIS YEAR THE ORGANIZATION MADE TWO CHARITABLE DONATIONS DURING THE YEAR. THERE WERE NO OTHER ACTIVITIES. | Description1Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $762,766 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $37,733 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $800,500 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $800,500 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $12,008 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $788,492 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $39,425 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $39,425 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $529 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $529 | TotalTaxAmt |
| Distributable Before Adj | $38,896 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $38,896 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $38,896 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $34,176 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $34,176 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $34,176 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $38,896 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $34,176 | UndistributedIncomePYAmt |
| Qualifying Distributions | $34,176 | QualifyingDistributionsAmt |
| Applied To Year1 | $34,176 | AppliedToYear1Amt |
| Undistributed Income CY | $38,896 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|
| HILLEL FOUNDATION OF HOUSTON | |||||
| 1700 BISONETT | HOUSTON | TX | 77005 | CHARITABLE | $11,392 |
| TEXAS HILLEL FOUNDATION | |||||
| 2105 SAN ANTONIO ST | AUSTIN | TX | 78705 | CHARITABLE | $22,784 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $34,176 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MINERAL INTEREST | Desc |
| Exclusion | 15 | ExclusionCd |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $13,075 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $14,699 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $27,774 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $27,774 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amt | $1,300 | Amt |
| Net Investment Income | $1,300 | NetInvestmentIncomeAmt |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp (2 entries)
| FROST NATIONAL BANK |
| DORIS PRYZANT |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | FROST -INVESTMENTS | StockNm |
| EOY Book Value | $568,646 | EOYBookValueAmt |
| EOYFMV | $759,058 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| EXPENSES | ||
| ROYALTY FEE | $18 | $18 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT TAXES/LICENSES | CategoryTxt |
| Amt | $391 | Amt |