LOUISE W KAHN & EDMUND J KAHN DALLAS SYMPHONY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LOUISE W KAHN & EDMUND J KAHN DALLAS SYMPHONY FOUNDATION (EIN 75-6368880)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-05
IRS object ID
202501259349101650
Schema version
2024v5.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-05T08:46:04-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN300020048PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SALLIE A SCANLAN CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110440 N CENTRAL EXPY STE 1280AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75231ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN756368880EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LOUISE W KAHN AND EDMUND J KAHN DALLASBusinessNameLine1Txt
Business Name Line2SYMPHONY FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlLOUIBusinessNameControlTxt
Phone2143696202PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110440 N CENTRAL EXPRESSWAY 1280AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75231ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSALLIE A SCANLANPersonNm
Person TitleTRUSTEEPersonTitleTxt
Signature2025-05-05SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSallie A Scanlan CPA PCPreparerPersonNm
PTINP00572582PTIN
Phone2143694732PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$9,630,713FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$158,098DividendsRevAndExpnssAmt
Dividends Net Invst Incm$158,098DividendsNetInvstIncmAmt
Dividends Adj Net Incm$158,098DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$782,375NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,562,386GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$782,375CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$15,861NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$940,473TotalRevAndExpnssAmt
Total Net Invst Incm$940,473TotalNetInvstIncmAmt
Total Adj Net Incm$173,959TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$16,535AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$9,921AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$6,614AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$87,289OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$87,289OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$1,054TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,054TaxesNetInvstIncmAmt
Occupancy Rev And Expnss$11,829OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm$5,914OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl$5,915OccupancyDsbrsChrtblAmt
Other Expenses Rev And Expnss$397OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$397OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$117,104TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$104,178TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$12,926TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$467,337ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$467,337ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$584,441TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$104,178TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$480,263TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$356,032ExcessRevenueOverExpensesAmt
Net Investment Income$836,295NetInvestmentIncomeAmt
Adjusted Net Income$173,959AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$4,797CashBOYAmt
Cash EOY$3,874CashEOYAmt
Cash EOYFMV$3,874CashEOYFMVAmt
Sav And Temp Cash Invst BOY$160,300SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$184,942SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$184,942SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$518,010USGovernmentObligationsBOYAmt
US Government Obligations EOY$686,676USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$1,226,967USGovtObligationsEOYFMVAmt
Corporate Stock BOY$2,888,467CorporateStockBOYAmt
Corporate Stock EOY$2,815,591CorporateStockEOYAmt
Corporate Stock EOYFMV$5,716,885CorporateStockEOYFMVAmt
Corporate Bonds BOY$2,278,028CorporateBondsBOYAmt
Corporate Bonds EOY$2,514,551CorporateBondsEOYAmt
Corporate Bonds EOYFMV$2,498,045CorporateBondsEOYFMVAmt
Total Assets BOY$5,849,602TotalAssetsBOYAmt
Total Assets EOY$6,205,634TotalAssetsEOYAmt
Total Assets EOYFMV$9,630,713TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$5,849,602CapitalStockBOYAmt
Capital Stock EOY$6,205,634CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$5,849,602TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$6,205,634TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,849,602TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$6,205,634TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,849,602TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$356,032ExcessRevenueOverExpensesAmt
Subtotal$6,205,634SubtotalAmt
Tot Net Ast Or Fund Balances EOY$6,205,634TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
SEE SCHEDULE OF COVERED S-T SALESP2024-05-052024-08-08$155,452$139,591$15,861$15,861
SEE SCHEDULE OF NON-COVERED S-T SALESP2024-05-052024-06-06$13,613$13,613
SEE SCHEDULE OF COVERED L-T SALESP1985-05-052024-06-06$2,100,549$1,406,753$693,796$693,796
SEE SCHEDULE OF NON-COVERED SALESP1985-05-052024-06-06$292,639$220,054$72,585$72,585
Capital Gain Dividends$133
FieldValueIRS element (for citing)
Capital Gain Net Income$782,375CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$15,861NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$11,625InvestmentIncomeExciseTaxAmt
Subtotal$11,625SubtotalAmt
Tax Based On Investment Income$11,625TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$6,488EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$6,488TotalPaymentsAndCreditsAmt
Tax Due$5,137TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1SALLIE A SCANLANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2143696202PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line110440 N CENTRAL EXPY STE 1280AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75231ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnYes (true)SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnYes (true)FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
SALLIE A SCANLAN
10440 N CENTRAL EXPY STE 1280DALLASTX75231TRUSTEE8.50$0
KELLY E ROACH
10440 N CENTRAL EXPY STE 1280DALLLASTX75231TRUSTEE0.05$0
SUSAN C THURESON
10440 N CENTRAL EXPY STE 1280DALLASTX75231TRUSTEE1.50$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line11919 INVESTMENT COUNSELBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1640 FIFTH AVENUE 9TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10019ZIPCd
FieldValueIRS element (for citing)
Service TypeINVESTMENT ADVISORServiceTypeTxt
Compensation$65,023CompensationAmt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE FOUNDATION'S ONLY PURPOSE IS TO FUND THE EXPENSES OF THE MUSICAL DIRECTOR AND GUEST ARTISTS AT THE DALLAS SYMPHONY.Description1Txt
Expenses1$467,337Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$8,676,588AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$239,645AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$8,916,233TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$8,916,233AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$133,743CashDeemedCharitableAmt
Net Vl Noncharitable Assets$8,782,490NetVlNoncharitableAssetsAmt
Minimum Investment Return$439,125MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$439,125MinimumInvestmentReturnAmt
Tax Based On Investment Income$11,625TaxBasedOnInvestmentIncomeAmt
Total Tax$11,625TotalTaxAmt
Distributable Before Adj$427,500DistributableBeforeAdjAmt
Distributable Before Ded$427,500DistributableBeforeDedAmt
Distributable As Adjusted$427,500DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$480,263ExpensesAndContributionsAmt
Qualifying Distributions$480,263QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$427,500DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$39,662ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$40,414ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$9,589ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$75,348ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$97,250ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$262,263TotalExcessDistributionCyovAmt
Qualifying Distributions$480,263QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$427,500AppliedToCurrentYearAmt
Remaining Distri From Corpus$52,763RemainingDistriFromCorpusAmt
Total Corpus$315,026TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$39,662ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$275,364ExcessDistriCyovToNextYrAmt
Excess From Year4$40,414ExcessFromYear4Amt
Excess From Year3$9,589ExcessFromYear3Amt
Excess From Year2$75,348ExcessFromYear2Amt
Excess From Year1$97,250ExcessFromYear1Amt
Excess From Current Year$52,763ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonDALLAS SYMPHONY ASSOCRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12301 FLORA STREETAddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75201ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusN/ARecipientFoundationStatusTxt
Grant Or Contribution PurposeTO UNDERWRITE THE SALARY AND EXPENSES OF THE MUSIC DIRECTOR AND GUEST CONDUCTORS OF THE DALLAS SYMPHONY.GrantOrContributionPurposeTxt
Amt$467,337Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$467,337TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$158,098ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$782,375ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$940,473ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$940,473TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategorySAS CPA PCCategoryTxt
Amt$16,535Amt
Net Investment Income$9,921NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$6,614DisbursementsCharitablePrpsAmt

Contractor Compensation Expln ContractorCompensationExpln

Contractor Comp Expln ContractorCompExplnGrp

Contractor Business Name ContractorBusinessName

FieldValueIRS element (for citing)
Business Name Line11919 INVESTMENT COUNSELBusinessNameLine1Txt
FieldValueIRS element (for citing)
Explanation*******THE QUARTERLY FEES ARE BASED ON THE VALUE OF THE FOUNDATION'S PORTFOLIO.ExplanationTxt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescINSURANCEDesc
Revenue And Expenses Per Books$397RevenueAndExpensesPerBooksAmt
Disbursements Charitable Prps$397DisbursementsCharitablePrpsAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
19/19 ADVISORY FEES$65,023$65,023$0$0
OTHER INVESTMENT FEES$22,266$22,266$0$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$1,054Amt
Net Investment Income$1,054NetInvestmentIncomeAmt

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