AARON FORMAN TRUST: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- AARON FORMAN TRUST (EIN 74-6284810)
- Tax period
- 2011-11-01 to 2012-10-31
- Filed
- 2013-09-17
- IRS object ID
- 201312609349100501
- Schema version
- 2011v1.5
- 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
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-09-17T10:06:18-05:00 | Timestamp |
| Tax Period End Date | 2012-10-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LYNCH & COMPANY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| 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 | ReturnType |
| Tax Period Begin Date | 2011-11-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 746284810 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AARON FORMAN TRUST | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | AARO | NameControl |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | FROST NATIONAL BANK | Name |
| Title | FORMAN | Title |
| Date Signed | 2013-09-16 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RACHEL OSTEEN | Name |
| Phone | 4097634484 | Phone |
| Date Prepared | 2013-09-16 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 629225 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Dividends Rev And Expnss | 11834 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 11834 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 11834 | DividendsAdjNetIncm |
| Net Gain Sale Assets Rev And Expnss | 1116 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 1116 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 1116 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 12950 | TotalRevenueAndExpenses |
| Total Net Investment Income | 12950 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 11834 | TotalAdjustedNetIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 5243 | CompOfcrDirTrstRevAndExpnss |
| Comp Ofcr Dir Trst Net Invst Incm | 5243 | CompOfcrDirTrstNetInvstIncm |
| Accounting Fees Rev And Expnss | 1300 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 1300 | AccountingFeesNetInvstIncm |
| Other Expenses Rev And Expnss | 12 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 12 | OtherExpensesNetInvstIncm |
| Tot Opr Expenses Rev And Expnss | 6555 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 6555 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 32622 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 32622 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 39177 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 6555 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 32622 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -26227 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 6395 | NetInvestmentIncome |
| Adjusted Net Income | 11834 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 5711 | CashBOY |
| Cash EOY | -20516 | CashEOY |
| Cash EOYFMV | -20516 | CashEOYFMV |
| Prepaid Expenses BOY | 1103 | PrepaidExpensesBOY |
| Prepaid Expenses EOY | 1103 | PrepaidExpensesEOY |
| Prepaid Expenses EOYFMV | 1103 | PrepaidExpensesEOYFMV |
| Investments Corp Stock BOY | 585262 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 585262 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 648638 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 592076 | TotalAssetsBOY |
| Total Assets EOY | 565849 | TotalAssetsEOY |
| Total Assets EOYFMV | 629225 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 592076 | RetainedEarningsBOY |
| Retained Earnings EOY | 565849 | RetainedEarningsEOY |
| Total Net Assets BOY | 592076 | TotalNetAssetsBOY |
| Total Net Assets EOY | 565849 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 592076 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 565849 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 592076 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -26227 | ExcessOfRevenueOverExpenses |
| Subtotal | 565849 | Subtotal |
| Total Net Assets Fund Balances EOY | 565849 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 1116 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 30759 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 657813 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.046759 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 27426 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 618435 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.044347 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 37852 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 552526 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.068507 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 44843 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 778478 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.057603 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 42302 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 910564 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.046457 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.263673 | TotalDistributionRatio |
| Average Distribution Ratio | 0.052735 | AverageDistributionRatio |
| Net Noncharitable Assets | 633905 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 33429 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 64 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 33493 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 32622 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 128 | InvestmentIncomeExciseTax |
| Subtotal | 128 | Subtotal |
| Tax Based On Investment Income | 128 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 211 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 211 | TotalCreditsAndPayments |
| Overpayment | 83 | Overpayment |
| Amount Credited To Next Year | 83 | AmountCreditedToNextYear |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | TX | StatesFiledWith |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
| Books In Care Of Person Name | FROST NATIONAL BANK TRUST DEPT | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 4097631151 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2201 MARKET STREET | AddressLine1 |
| City | GALVESTON | City |
| State | TX | State |
| ZIP Code | 77553 | ZIPCode |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Business Holdings | false | BusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| FROST NATIONAL BANK | ||||||||
| 2201 MARKET STREET | GALVESTON | TX | 77553 | TRUSTEE | 10.00 | 5243 | 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 Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THIS YEAR THE ORGANIZATION MADE TWO CHARITABLE DONATIONS DURING THE YEAR. THERE WERE NO OTHER ACTIVITIES. | Description1 |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 637451 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 6107 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 643558 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 643558 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 9653 | CashDeemedCharitable |
| Net Noncharitable Assets | 633905 | NetNoncharitableAssets |
| Minimum Investment Return | 31695 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 31695 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 128 | TaxBasedOnInvestmentIncome |
| Total Tax | 128 | TotalTax |
| Distributable Amount Before Adj | 31567 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 31567 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 31567 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 32622 | ExpensesAndContributions |
| Qualifying Distributions | 32622 | QualifyingDistributions |
| Adj Qualifying Distributions | 32622 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 31567 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 32622 | UndistributedIncomePriorYear |
| Qualifying Distributions | 32622 | QualifyingDistributions |
| Applied To Year1 | 32622 | AppliedToYear1 |
| Undistributed Income CY | 31567 | UndistributedIncomeCY |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person Name | HILLEL FOUNDATION OF HOUS | RecipientPersonName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2105 SAN ANTONIO STREET | AddressLine1 |
| City | AUSTIN | City |
| State | TX | State |
| ZIP Code | 78705 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Purpose Of Grant Or Contribution | CHARITABLE CONTRIBUTION | PurposeOfGrantOrContribution |
| Amount | $32,622 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 32622 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $11,834 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $1,116 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $12,950 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 12950 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount | $1,300 | Amount |
| Net Investment Income | 1300 | NetInvestmentIncome |
Compensation Explanation CompensationExplanation
Compensation Compensation (2 entries)
| FROST NATIONAL BANK |
| DORIS PRYZANT |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Stock | FROST -INVESTMENTS | NameOfStock |
| EOY Book Value | 585262 | EOYBookValue |
| EOYFMV | 648638 | EOYFMV |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| EXPENSES | ||
| ROYALTY FEE | 12 | 12 |