CHARLES MEYER TRUST: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: CHARLES MEYER TRUST (EIN 74-6035534)
Tax period: 2010-06-01 to 2011-05-31
Filed: 2012-01-12
IRS object ID: 201210619349100361
Schema version: 2010v3.6
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
Gain Loss Sale Other Assets Sch
Investments Corp Bonds Schedule
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-01-12T14:29:56-06:00	Timestamp
Tax Period End Date	2011-05-31	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	2010-06-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	746035534	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	CHARLES MEYER FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	CHAR	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	JANET BERT0LINO	Name
Title	TRUST OFFICER	Title
Date Signed	2012-01-05	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	RACHEL OSTEEN	Name
Phone	4097634484	Phone
Date Prepared	2012-01-09	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	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	500707	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	9525	DividendsRevAndExpnss
Dividends Net Invst Incm	9525	DividendsNetInvstIncm
Dividends Adj Net Incm	9525	DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss	5525	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	28032	GrossSalesPrice
Total Revenue And Expenses	15050	TotalRevenueAndExpenses
Total Net Investment Income	9525	TotalNetInvestmentIncome
Total Adjusted Net Income	9525	TotalAdjustedNetIncome
Accounting Fees Rev And Expnss	1400	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	1400	AccountingFeesNetInvstIncm
Other Expenses Rev And Expnss	4113	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	4113	OtherExpensesNetInvstIncm
Tot Opr Expenses Rev And Expnss	5513	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	5513	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	27300	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	27300	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	32813	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	5513	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	27300	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-17763	ExcessOfRevenueOverExpenses
Net Investment Income	4012	NetInvestmentIncome
Adjusted Net Income	9525	AdjustedNetIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	9918	CashBOY
Cash EOY	14662	CashEOY
Cash EOYFMV	14662	CashEOYFMV
Prepaid Expenses BOY	409	PrepaidExpensesBOY
Prepaid Expenses EOY	409	PrepaidExpensesEOY
Prepaid Expenses EOYFMV	409	PrepaidExpensesEOYFMV
Investments Corp Bonds BOY	438415	InvestmentsCorpBondsBOY
Investments Corp Bonds EOY	415908	InvestmentsCorpBondsEOY
Investments Corp Bonds EOYFMV	485636	InvestmentsCorpBondsEOYFMV
Total Assets BOY	448742	TotalAssetsBOY
Total Assets EOY	430979	TotalAssetsEOY
Total Assets EOYFMV	500707	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Capital Stock BOY	73290	CapitalStockBOY
Capital Stock EOY	73290	CapitalStockEOY
Paid In Or Capital Surplus BOY	34317	PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY	34317	PaidInOrCapitalSurplusEOY
Retained Earnings BOY	341135	RetainedEarningsBOY
Retained Earnings EOY	323372	RetainedEarningsEOY
Total Net Assets BOY	448742	TotalNetAssetsBOY
Total Net Assets EOY	430979	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	448742	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	430979	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	448742	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-17763	ExcessOfRevenueOverExpenses
Subtotal	430979	Subtotal
Total Net Assets Fund Balances EOY	430979	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	31452	QualifyingDistributionsYear1
Noncharitable Assets Year1	454166	NoncharitableAssetsYear1
Distribution Ratio Year1	0.069252	DistributionRatioYear1
Qualifying Distributions Year2	29301	QualifyingDistributionsYear2
Noncharitable Assets Year2	441605	NoncharitableAssetsYear2
Distribution Ratio Year2	0.066351	DistributionRatioYear2
Qualifying Distributions Year3	31417	QualifyingDistributionsYear3
Noncharitable Assets Year3	625999	NoncharitableAssetsYear3
Distribution Ratio Year3	0.050187	DistributionRatioYear3
Qualifying Distributions Year4	31223	QualifyingDistributionsYear4
Noncharitable Assets Year4	641153	NoncharitableAssetsYear4
Distribution Ratio Year4	0.048698	DistributionRatioYear4
Qualifying Distributions Year5	28300	QualifyingDistributionsYear5
Noncharitable Assets Year5	614457	NoncharitableAssetsYear5
Distribution Ratio Year5	0.046057	DistributionRatioYear5
Total Distribution Ratio	0.280545	TotalDistributionRatio
Average Distribution Ratio	0.056109	AverageDistributionRatio
Net Noncharitable Assets	468737	NetNoncharitableAssets
Adjusted Noncharitable Assets	26300	AdjustedNoncharitableAssets
One Percent Net Investment Income	40	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	26340	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	27300	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	40	InvestmentIncomeExciseTax
Subtotal	40	Subtotal
Tax Based On Investment Income	40	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	162	EstTaxPaymentsAndOverpayment
Total Credits And Payments	162	TotalCreditsAndPayments
Overpayment	122	Overpayment
Amount Credited To Next Year	122	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	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	77550	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

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 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
PO BOX 179	GALVESTON	TX	77553	TRUSTEE	5.00	0	0	0
FREDDIE MEIER FROST NAT'L BANK
PO BOX 179	GALVESTON	TX	77553	DIRECTOR	5.00	0	0	0
JANET BERTOLINO TRUST OFFICER
PO BOX 179	GALVESTON	TX	77553	DIRECTOR	5.00	0	0	0
RABBI TEMPLE B'NAI ISRAEL
3008 O	GALVESTON	TX	77550	DIRECTOR	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	THE ONLY ACTIVITY OF THIS ORGANIZATION IS DIRECT CHARITABLE DONATIONS TO UNDERPRIVILEDGED JEWISH PEOPLE WHO ARE RESIDENTS OF GALVESTON, TEXAS. THIRTEEN INDIVIDUALS WERE GIVEN 31,650.	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	471434	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	4441	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	475875	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	475875	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	7138	CashDeemedCharitable
Net Noncharitable Assets	468737	NetNoncharitableAssets
Minimum Investment Return	23437	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	23437	MinimumInvestmentReturn
Tax Based On Investment Income	40	TaxBasedOnInvestmentIncome
Total Tax	40	TotalTax
Distributable Amount Before Adj	23397	DistributableAmountBeforeAdj
Distributable Amount Before Ded	23397	DistributableAmountBeforeDed
Distributable Amount As Adjusted	23397	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	27300	ExpensesAndContributions
Qualifying Distributions	27300	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	40	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	27260	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	23397	DistributableAmountAsAdjusted
Excess Distri Carryover Year3	583	ExcessDistriCarryoverYear3
Excess Distri Carryover Year2	7619	ExcessDistriCarryoverYear2
Excess Distri Carryover Year1	8840	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	17042	TotalExcessDistriCarryover
Qualifying Distributions	27300	QualifyingDistributions
Applied To Current Year	23397	AppliedToCurrentYear
Remaining Distri From Corpus	3903	RemainingDistriFromCorpus
Total Corpus	20945	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov To Next Year	20945	ExcessDistriCyovToNextYear
Excess From Year3	583	ExcessFromYear3
Excess From Year2	7619	ExcessFromYear2
Excess From Year1	8840	ExcessFromYear1
Excess From Current Year	3903	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	NONE	ContributingManager
Shareholder Manager	NONE	ShareholderManager

Appication Submission Info AppicationSubmissionInfo

Field	Value	IRS element (for citing)
Recipient Name	RABBITEMPLE B' NAI ISRAEL	RecipientName

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	3008 AVENUE O	AddressLine1
City	GALVESTON	City
State	TX	State
ZIP Code	77550	ZIPCode

Field	Value	IRS element (for citing)
Recipient Phone Number	4097655796	RecipientPhoneNumber
Form And Info And Materials	PERSONAL CORRESPONDENCE INDICATION OF JEWISH FAITH, RESIDENCE & NEED	FormAndInfoAndMaterials
Submission Deadlines	NONE	SubmissionDeadlines
Restrictions On Awards	UNDERPRIVILEDGED JEWISH PEOPLE WHO ARE RESIDENCE OF GALVESTON, TEXAS	RestrictionsOnAwards

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (4 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
M RAPPAPORT
PO BOX 179	GALVESTON	TX	77553	NONE	QUAL	CHARITABLE	$1,000
FKOTIN
PO BOX 179	GALVESTON	TX	77553	NONE	QUAL	CHARITABLE	$12,500
N LEVY
PO BOX 179	GALVESTON	TX	77553	NONE	QUAL	CHARITABLE	$7,800
JCOHEN
PO BOX 179	GALVESTON	TX	77553	NONE	QUAL	CHARITABLE	$6,000

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	27300	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$9,525	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	$5,525	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$15,050	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	15050	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	$1,400	Amount
Net Investment Income	1400	NetInvestmentIncome

Compensation Explanation CompensationExplanation

Compensation Compensation (4 entries)

FROST NATIONAL BANK
FREDDIE MEIER FROST NAT'L BANK
JANET BERTOLINO TRUST OFFICER
RABBI TEMPLE B'NAI ISRAEL

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset (5 entries)

NameName	Date AcquiredDateAcquired	How AcquiredHowAcquired	Date SoldDateSold	Gross Sales PriceGrossSalesPrice	BasisBasis	Total NetTotalNet
181.2 UTS FROST KEMPNER	1973-06	PURCHASE	2010-12	1600	1433	167
STCG FROST KEMPNER	2011-05	PURCHASE	2011-05	183		183
LTCG FROST KEMPNER	2010-05	PURCHASE	2011-05	1249		1249
1605.996 UTS FROST KEMPNER	2009-01	PURCHASE	2011-05	15000	12698	2302
1059.322 UTS FROST KEMPNER	2009-01	PURCHASE	2011-03	10000	8376	1624

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corp Bonds InvestmentsCorpBonds

Field	Value	IRS element (for citing)
EOY Book Value	415908	EOYBookValue
EOYFMV	485636	EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome
EXPENSES
TRUSTEE FEES	4113	4113