FOSTER CHARITABLE FOUNDATION INC: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- FOSTER CHARITABLE FOUNDATION INC (EIN 02-0653934)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-08-04
- IRS object ID
- 201412179349100016
- Schema version
- 2013v3.1
- 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
- Contractor Compensation Expln
- Depreciation Schedule
- Investments Land Schedule2
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-08-04T12:47:44-05:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 741991585 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Stewart T Davis CPA | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 236 Junction Hwy | AddressLine1 |
| City | Kerrville | City |
| State | TX | State |
| ZIP Code | 78028 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 020653934 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOSTER CHARITABLE FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FOST | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2125 SIDNEY BAKER STREET | AddressLine1 |
| City | KERRVILLE | City |
| State | TX | State |
| ZIP Code | 78028 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JANA SMITH | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Signature | 2014-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Stewart T Davis CPA | PreparerPersonNm |
| PTIN | P01436446 | PTIN |
| Phone | 8302578800 | PhoneNum |
| Preparation | 2014-08-04 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-12-30 17:16:21Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $8,372,008 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
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 | $25 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $25 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $34,337 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $34,337 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $84,431 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $84,431 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | -$60,669 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $428,447 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,248,876 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $428,447 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $154,053 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $1,089 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,089 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $548,329 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $548,329 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $154,053 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $150,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $50,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $22,500 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $38,000 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $19,000 | OthEmplSlrsWgsNetInvstIncmAmt |
| Legal Fees Rev And Expnss | $338,678 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $23,178 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $11,589 | AccountingFeesNetInvstIncmAmt |
| Other Prof Fees Rev And Expnss | $106,544 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $95,375 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $82,346 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $73,226 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $66,496 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $47,268 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $26,724 | OccupancyRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $9,664 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $3,774 | TravConfMeetingNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $574,152 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $118,363 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $367,000 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,415,782 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $418,595 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $389,500 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,415,782 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $418,595 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $389,500 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$867,453 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $129,734 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $154,053 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $478,142 | CashBOYAmt |
| Cash EOY | $45,643 | CashEOYAmt |
| Cash EOYFMV | $45,643 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $20,276 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $38,914 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $38,914 | SavAndTempCashInvstEOYFMVAmt |
| Invst Land Cost Or Other Basis | $4,574,390 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $53,780 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $3,519,133 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $4,520,610 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $4,520,610 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $2,219,939 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,477,617 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,183,387 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $549,615 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $36,612 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $187,002 | LandBOYAmt |
| Land EOY | $513,003 | LandEOYAmt |
| Land EOYFMV | $513,003 | LandEOYFMVAmt |
| Other Assets BOY | $2,540,800 | OtherAssetsBOYAmt |
| Other Assets EOY | $811,170 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,070,451 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $8,965,292 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,406,957 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $8,372,008 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $704 | OtherLiabilitiesBOYAmt |
| Total Liabilities BOY | $704 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $8,964,588 | UnrestrictedBOYAmt |
| Unrestricted EOY | $7,406,957 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $8,964,588 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $7,406,957 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $8,965,292 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $7,406,957 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $8,964,588 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$867,453 | ExcessRevenueOverExpensesAmt |
| Other Increases | $12,440 | OtherIncreasesAmt |
| Subtotal | $8,109,575 | SubtotalAmt |
| Other Decreases | $702,618 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $7,406,957 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES CS 8928 | $1,359,114 | $1,267,573 | $91,541 | $91,541 | |||
| PUBLICLY TRADED SECURITIES CS 1611 | $1,363,728 | $1,301,216 | $62,512 | $62,512 | |||
| PUBLICLY TRADED SECURITIES CS 1611 | $117,049 | $94,810 | $22,239 | $22,239 | |||
| JEFFERSON COUNTY REAL ESTATE | $37,629 | $33,420 | $4,209 | $4,209 | P | 2010-01-01 | 2013-10-25 |
| KENDALL COUNTY RAY RANCH ESTATES | $371,356 | $123,410 | $247,946 | $247,946 | P | 2010-01-01 | 2013-07-24 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $428,447 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $154,053 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Adjusted Qlfy Distri Yr1 | $437,000 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $7,977,701 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.054778 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,146,754 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $13,785,449 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.083186 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $291,310 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $11,274,342 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.025838 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $722,070 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $9,838,760 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.07339 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $562,827 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $10,428,818 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.053968 | DistributionYr5Rt |
| Total Distribution | 0.291161 | TotalDistributionRt |
| Average Distribution | 0.058232 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $7,372,656 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $429,325 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $1,297 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $430,622 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $389,500 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,595 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $2,595 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $2,595 | TaxBasedOnInvestmentIncomeAmt |
| Tax Due | $2,595 | 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 | CO | OrgReportOrRegisterStateCd |
| 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.FOSTERCHARITABLEFOUNDATION.COM | WebsiteAddressTxt |
| Individual With Books | JANA S SMITH | IndividualWithBooksNm |
| Phone | 8302570586 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2125 SIDNEY BAKER | AddressLine1 |
| City | KERRVILLE | City |
| State | TX | State |
| ZIP Code | 78028 | 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 |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| 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 |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 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 |
|---|---|---|---|---|---|---|---|---|
| JANA S SMITH | ||||||||
| 2125 SIDNEY BAKER | KERRVILLE | TX | 78028 | PRESIDENT | 40.00 | $150,000 | $0 | $0 |
| JOHN CHRISTOPHER DOYLE | ||||||||
| 2125 SIDNEY BAKER STREET | KERRVILLE | TX | 78028 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| DR DOUGLAS EDWIN WRIGHT MD | ||||||||
| 2125 SIDNEY BAKER STREET | KERRVILLE | TX | 78028 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| MARK VALHALA | ||||||||
| 2125 SIDNEY BAKER STREET | KERRVILLE | TX | 78028 | DIRECTOR | 1.00 | $0 | $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 (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NOVEN FINANCIAL GROUP | |||||
| 1777 S HARRISON ST STE 1500 | Denver | CO | 80210 | INV ADVISOR | $95,375 |
| THE CORNWALL LAW FIRM | |||||
| 12314 HAWTHRONE DR | Montgomery | TX | 77356 | LEGAL | $172,943 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | COLON CANCER AWARENESS RADIO ADVERTISING CAMPAIGN RADIO BLITZ TO EDUCATE THE PUBLIC AND ENCOURAGE CHECKUPS | Description1Txt |
| Expenses1 | $367,000 | Expenses1Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $2,204,084 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $208,419 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $5,072,427 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $7,484,930 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $7,484,930 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $112,274 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $7,372,656 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $368,633 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $368,633 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $2,595 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $2,595 | TotalTaxAmt |
| Distributable Before Adj | $366,038 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $366,038 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $366,038 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $389,500 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $389,500 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $389,500 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $366,038 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr4 | $7,390 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr2 | $457,482 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $464,872 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $389,500 | QualifyingDistributionsAmt |
| Applied To Current Year | $366,038 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $23,462 | RemainingDistriFromCorpusAmt |
| Total Corpus | $488,334 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $488,334 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $7,390 | ExcessFromYear4Amt |
| Excess From Year2 | $457,482 | ExcessFromYear2Amt |
| Excess From Current Year | $23,462 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
| Total Grant Or Contri Pd Dur Yr | $0 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $25 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $34,337 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $84,431 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $428,447 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INV INCOME | Desc |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,089 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $548,329 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $548,329 | 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) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $23,178 | Amt |
| Net Investment Income | $11,589 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Contractor Compensation Expln ContractorCompensationExpln
Contractor Comp Expln ContractorCompExplnGrp (2 entries)
| ExplanationExplanationTxt |
|---|
| NOVEN FINANCIAL GROUP |
| MANAGES MILLIONS IN EQUITY INVESTMENTS FOR THE FOUNDATION. |
| THE CORNWALL LAW FIRM |
| HANDLED MULTIPLE LEGAL MATTERS FOR THE FOUNDATION |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (23 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|---|---|---|---|
| COMPUTER EQUIPMENT | 2012-06-30 | $1,157 | $694 | M | 5 | $370 | $0 | $0 |
| COPIER | 2012-06-30 | $3,307 | $1,984 | M | 5 | $1,058 | $0 | $0 |
| AC EQUIPMENT | 2012-06-30 | $25,266 | $14,438 | M | 7 | $6,188 | $0 | $0 |
| DESK | 2012-06-30 | $650 | $371 | M | 7 | $159 | $0 | $0 |
| FURNITURE | 2010-01-01 | $518 | $518 | M | 7 | $0 | $0 | $0 |
| LAND | 2010-01-01 | $2,714,000 | $0 | NDA | $0 | $0 | $0 | |
| 2125 SIDNEY BAKER IMPROVEMENTS | 2013-06-30 | $48,250 | $0 | SL | 39 | $670 | $0 | $0 |
| 113 W YOUNG LLANO IMP | 2013-06-30 | $31,970 | $0 | SL | 27.5 | $630 | $205 | $0 |
| COMPUTER EQUIPMENT | 2013-06-30 | $2,720 | $0 | M | 5 | $544 | $0 | $0 |
| FURNITURE | 2013-06-30 | $190 | $0 | M | 7 | $27 | $0 | $0 |
| APPLIANCES | 2013-06-30 | $10,000 | $0 | M | 7 | $1,429 | $1,429 | $0 |
| DENTON QUADPLEX REMODEL | 2013-06-30 | $14,689 | $0 | SL | 27.5 | $289 | $289 | $0 |
| 7575 KIRBY BLDG | 2010-01-01 | $135,559 | $0 | SL | 27.5 | $4,929 | $4,929 | $0 |
| 7575 KIRBY LAND | 2010-01-01 | $45,186 | $0 | NDA | $0 | $0 | $0 | |
| FURNITURE | 2013-06-30 | $11,998 | $0 | M | 7 | $1,715 | $1,715 | $0 |
| TODDVILLE REMODEL | 2013-06-30 | $1,054,463 | $0 | SL | 27.5 | $20,773 | $20,577 | $0 |
| TODVILLE LAND | 2010-01-01 | $36,959 | $0 | NDA | $0 | $0 | $0 | |
| TODDVILLE BUILDING | 2010-01-01 | $332,635 | $0 | SL | 27.5 | $12,096 | $12,096 | $0 |
| DENTON QUADPLEX LAND | 2010-01-01 | $18,000 | $0 | NDA | $0 | $0 | $0 | |
| DENTON QUADPLEX BLDG | 2010-01-01 | $162,000 | $5,891 | SL | 27.5 | $5,891 | $5,891 | $0 |
| KIRBY PROPERTY REMODEL | 2013-06-30 | $6,930 | $0 | SL | 27.5 | $137 | $137 | $0 |
| 2125 SIDNEY BAKER BUILDING | 2010-01-01 | $374,046 | $0 | SL | 39 | $9,591 | $0 | $0 |
| 2125 SIDNEY BAKER LAND | 2010-01-01 | $93,511 | $0 | NDA | $0 | $0 | $0 |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| LAND HELD FOR INVESTMENT | $2,714,001 | $0 | $2,714,001 | $2,714,001 |
| LLANO IMPROVEMENTS | $31,970 | $630 | $31,340 | $31,340 |
| DENTON QUADPLEX | $194,689 | $12,071 | $182,618 | $182,618 |
| KIRBY | $187,675 | $5,066 | $182,609 | $182,609 |
| TODDVILLE | $1,424,057 | $32,869 | $1,391,188 | $1,391,188 |
| FURNITURE AND APPLIANCES | $21,998 | $3,144 | $18,854 | $18,854 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | PUBLICLY TRADED SECURITIES | CategoryOrItemTxt |
| Book Value | $1,477,617 | BookValueAmt |
| EOYFMV | $2,183,387 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| EQUIPMENT | $33,808 | $26,351 | $7,457 | $7,457 |
| MAIN OFFICE | $515,807 | $10,261 | $505,546 | $505,546 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $338,678 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (5 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PRECIOUS METALS | $1,213,312 | $511,170 | $770,451 |
| LPTV | $150,000 | $150,000 | $150,000 |
| RADIO STATION LICENSES | $150,000 | $150,000 | $150,000 |
| RED RIVER REAL ESTATE | $725,441 | $0 | $0 |
| DUE FROM BCOW | $302,047 | $0 | $0 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| New information on cost basis of | $702,143 |
| precious metals per Novum Value | $0 |
| was previously overstated by | $0 |
| cpadirector who was stealing money | $0 |
| Half Meals and Entertainment | $475 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| BANK FEES | $2,958 | $0 | $0 | $0 |
| INSURANCE | $104,389 | $55,781 | $0 | $0 |
| CONTRACT LABOR | $1,223 | $0 | $0 | $0 |
| WEB DESIGN AND INTERNET | $3,165 | $0 | $0 | $0 |
| OFFICE | $12,201 | $0 | $0 | $0 |
| RENT | $6,114 | $6,114 | $0 | $0 |
| REPAIRS AND MAINT | $20,152 | $20,152 | $0 | $0 |
| UTILITIES | $11,030 | $9,540 | $0 | $0 |
| CANCER AWARENESS CAMPAIGN | $367,000 | $0 | $0 | $367,000 |
| SUPPLIES | $21,776 | $21,776 | $0 | $0 |
| ADVERTISING | $8,960 | $5,000 | $0 | $0 |
| PENALTIES | $15,184 | $0 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INVESTMENT INCOME | Desc |
| Revenue And Expenses Per Books | $1,089 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $1,089 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| change in accounting for RR as a | $12,440 |
| disregarded entity adding | $0 |
| retained earnings from 2012 to | $0 |
| equity | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PAYROLL LIABILITIES | Desc |
| BOY Book Value | $704 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| INVESTMENT ADVISOR FEES | $95,375 | $95,375 | $0 | $0 |
| OTHER PROFESSIONAL FEES | $11,169 | $0 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PAYROLL | $13,680 | $4,560 | $0 | $0 |
| REAL ESTATE | $68,666 | $68,666 | $0 | $0 |