SUMNERS FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SUMNERS FOUNDATION (EIN 75-2734032)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-10-21
- IRS object ID
- 202402959349100235
- Schema version
- 2023v5.1
- 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
- Investments Corp Stock Schedule
- Investments Land Schedule2
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-21T15:41:57-07:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 752593210 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sutton Frost Cary LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 E Front St Suite 200 | AddressLine1Txt |
| City | Arlington | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76011 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 752734032 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SUMNERS FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SUMN | BusinessNameControlTxt |
| Phone | 2142202128 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2201 WEST ROYAL LANE 100 | AddressLine1Txt |
| City | IRVING | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75063 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | T Charles Pierson | PersonNm |
| Person Title | Executive Dir. | PersonTitleTxt |
| Signature | 2024-10-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Kimberly D Crawford | PreparerPersonNm |
| PTIN | P00446484 | PTIN |
| Phone | 8176498083 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $72,152,068 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $78,563 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $174,025 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $174,025 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $876,865 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $876,865 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,564,857 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $20,223,266 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,564,857 | CapGainNetIncmNetInvstIncmAmt |
| Incm Modifications Adj Net Incm | $7,899 | IncmModificationsAdjNetIncmAmt |
| Other Income Rev And Expnss | -$179,769 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$188,172 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,514,541 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,427,575 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $7,899 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $565,852 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $84,878 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $480,974 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $174,328 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $26,149 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $148,179 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $11,965 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $2,991 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $8,974 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $73,932 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $18,483 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $55,449 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $3,085 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $463 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $2,622 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $37,443 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $4,787 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $27,127 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $27,461 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $27,461 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $47,131 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $11,783 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $35,348 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $66,907 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $16,727 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $50,180 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $1,465 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $366 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $1,099 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $388,695 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $185,595 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $203,103 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,398,264 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $379,683 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,013,055 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,022,171 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,022,171 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,420,435 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $379,683 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,035,226 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$905,894 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,047,892 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $7,899 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $188,762 | CashBOYAmt |
| Cash EOY | $352,487 | CashEOYAmt |
| Cash EOYFMV | $352,487 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $459,959 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,514,101 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,514,101 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $59,479 | AcctRcvblAmt |
| Acct Rcvbl BOY | $1,340,899 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $59,479 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $59,479 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $10,419 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $28,626 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $28,626 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $38,814,935 | CorporateStockBOYAmt |
| Corporate Stock EOY | $41,235,441 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $41,235,441 | CorporateStockEOYFMVAmt |
| Invst Land Cost Or Other Basis | $279,402 | InvstLandCostOrOtherBasisAmt |
| Land Bldg Investments BOY | $279,402 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $279,402 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $279,402 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $27,963,884 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $28,539,485 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $28,539,485 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $46,219 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $12,847 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $28,903 | LandBOYAmt |
| Land EOY | $33,372 | LandEOYAmt |
| Land EOYFMV | $33,372 | LandEOYFMVAmt |
| Other Assets BOY | $151,093 | OtherAssetsBOYAmt |
| Other Assets EOY | $109,675 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $109,675 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $69,238,256 | TotalAssetsBOYAmt |
| Total Assets EOY | $72,152,068 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $72,152,068 | TotalAssetsEOYFMVAmt |
| Accounts Payable EOY | $32,646 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $513,119 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $304,336 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $513,119 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $336,982 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $68,725,137 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $71,815,086 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $68,725,137 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $71,815,086 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $69,238,256 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $72,152,068 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $68,725,137 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$905,894 | ExcessRevenueOverExpensesAmt |
| Other Increases | $3,995,843 | OtherIncreasesAmt |
| Subtotal | $71,815,086 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $71,815,086 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| federated ultrashort bond fund | P | 2022-01-01 | 2023-12-31 | $9,349,657 | $9,293,001 | $56,656 | $56,656 |
| jmgrx-janus enter fund | P | 2022-01-01 | 2023-12-31 | $3,000,000 | $2,974,271 | $25,729 | $25,729 |
| LAZARD INTER STRAT EQUITY | P | 2022-01-01 | 2023-12-31 | $3,774,828 | $3,538,197 | $236,631 | $236,631 |
| BLAIR EMERGING MARKET FUND | P | 2022-01-01 | 2023-12-31 | $2,947,761 | $2,450,274 | $497,487 | $497,487 |
| DIAMONDBACK OIL RIG | P | 2022-01-01 | 2023-12-31 | $1,080,485 | $402,666 | $677,819 | $677,819 |
| PARTNERSHIP CAP GAINS | P | 2022-01-01 | 2023-12-31 | $70,535 | $70,535 | $70,535 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,564,857 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $28,466 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $28,466 | SubtotalAmt |
| Tax Based On Investment Income | $28,466 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $21,510 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $21,510 | TotalPaymentsAndCreditsAmt |
| Tax Due | $6,956 | TaxDueAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
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 | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| 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 | WWW.SUMNERSFOUNDATION.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARLES PIERSON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2142202128 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2201 WEST ROYAL LANE 100 | AddressLine1Txt |
| City | IRVING | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75063 | ZIPCd |
| 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 | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt |
|---|---|---|---|---|---|---|---|
| DAVID G DRUMM | |||||||
| 2201 WEST ROYAL LANE 100 | IRVING | TX | 75063 | Treasurer | 2.00 | $16,800 | |
| BRANT MARTIN | |||||||
| 2201 west royal lane 100 | irving | TX | 75063 | Director | 2.00 | $10,000 | |
| JERRY D REIS | |||||||
| 6012 W CAMPUS CIRCLE DR 210 | IRVING | TX | 75063 | Chairman | 2.00 | $10,000 | |
| LON R WILLIAMS | |||||||
| 2501 N HARWOOD SUITE 1900 | DALLAS | TX | 75201 | VICE CHAIRMAN | 2.00 | $26,000 | |
| SCOTT M HIGGINBOTHAM | |||||||
| 125 BELLAIRE AVENUE | DUMAS | TX | 79029 | Director | 2.00 | $21,450 | |
| WILLIAM W MEADOWS | |||||||
| 421 W 3RD STREET SUITE 800 | FORT WORTH | TX | 76102 | Director | 2.00 | $10,000 | |
| BETH VAN DUYNE | |||||||
| 2201 WEST ROYAL LANE 100 | IRVING | TX | 75063 | Director | 2.00 | $0 | |
| T Charles Pierson | |||||||
| 2201 WEST ROYAL LANE 100 | IRVING | TX | 75063 | Executive Dir. | 40.00 | $266,539 | $36,912 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt |
|---|---|---|---|---|---|---|---|
| JANEMARIE CLARK | |||||||
| 2201 WEST ROYAL LANE 100 | IRVING | TX | 75063 | EXEC. ASSISTANT | 40.00 | $78,423 | $19,662 |
| EILEEN RESNIK | |||||||
| 2201 WEST ROYAL LANE 100 | IRVING | TX | 75063 | PROGRAM DIRECTOR | 40.00 | $118,477 | $17,441 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $38,060,552 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $8,138,021 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $28,862,658 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $75,061,231 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $75,061,231 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,125,918 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $73,935,313 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,696,766 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,696,766 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $28,466 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $28,466 | TotalTaxAmt |
| Distributable Before Adj | $3,668,300 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $3,668,300 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $3,668,300 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,035,226 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $3,035,226 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,668,300 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $3,015,645 | UndistributedIncomePYAmt |
| Qualifying Distributions | $3,035,226 | QualifyingDistributionsAmt |
| Applied To Year1 | $3,015,645 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $19,581 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $3,648,719 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | CHARLES PIERSON | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2201 WEST ROYAL LANE 100 | AddressLine1Txt |
| City | IRVING | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75063 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2142202128 | RecipientPhoneNum |
| Recipient Email Address | CHARLES@SUMNERSFOUNDATION.ORG | RecipientEmailAddressTxt |
| Form And Info And Materials | LETTER, RESUME OF ORGANIZATION OR PERSON AND OTHER SUPPORTING MATERIAL. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | VARIOUS | SubmissionDeadlinesTxt |
| Restrictions On Awards | AWARDS ARE LIMITED TO THE STUDY AND TEACHING OF THE SCIENCE OF SELF-GOVERNMENT. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (28 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BAYLOR UNIVERSITY | |||||||
| 1311 S 5TH ST | WACO | TX | 76706 | NONE | PC | iENGAGE SUMMER CIVICS | $25,000 |
| FUND FOR AMERICAN STUDIES | |||||||
| 1706 NEW HAMPSHIRE AVE | WASHINGTON | DC | 20009 | NONE | PC | SCHOLARSHIPS TO ATTEND 2024 TFAS DC SUMMER PROGRAM | $43,600 |
| HOWARD PAYNE UNIVERSITY | |||||||
| 1000 FISK STREET | BROWNWOOD | TX | 76801 | NONE | PC | CAMPUS AND COMMUNITY | $4,000 |
| PHILANTHROPY ROUNDTABLE | |||||||
| 1730 M STREET NM | WASHINGTON | DC | 20036 | NONE | PC | ADVANCE CIVIC EDUCATION | $10,000 |
| SCHREINER UNIVERSITY | |||||||
| 2100 SAN ANTONIO HWY | KERRVILLE | TX | 78028 | NONE | PC | SUMNERS SCHOLARSHIP PROGRAM | $8,000 |
| TEXAS CHRISTIAN UNIVERSITY | |||||||
| 2800 S UNIVERSITY DR | FORT WORTH | TX | 76129 | NONE | PC | INEGAGE & TCU WASHINGTON INTERNSHIP PROGRAM | $33,000 |
| TEXAS TRIBUNE | |||||||
| 823 CONGRESS AVE | AUSTIN | TX | 78701 | NONE | PC | TEXAS TRIBUNE FESTIVAL | $100,000 |
| TEXAS WESLEYAN UNIVERSITY | |||||||
| 1201 WESLEYAN ST | FORT WORTH | TX | 75105 | NONE | PC | SUMNERS SCHOLARSHIP ENDOWMENT | $5,000 |
| UNIVERSITY OF DALLAS | |||||||
| 1845 E NORTHGATE DR | IRVING | TX | 75062 | NONE | PC | SUMNERS SCHOLARSHIP PROGRAMS | $68,000 |
| YMCA ALBUQUERQUE CENTRAL NM | |||||||
| 4701 MONTANO RD NM | ALBUQUERQUE | NM | 87120 | NONE | PC | YOUTH AND GOVERNMENT | $113,000 |
| YMCA OKLAHOMA CITY | |||||||
| 100 W MAIN ST | OKLAHOMA CITY | OK | 73102 | NONE | PC | YOUTH AND GOVERNMENT | $106,000 |
| AUSTIN COLLEGE | |||||||
| 900 N GRAND AVE | SHERMAN | TX | 75090 | NONE | PC | PUBLIC ADMINISTRATION & CRIMINAL LAW SYMPOSIUM | $9,000 |
| FUND FOR AMERICAN STUDIES | |||||||
| 1706 NEW HAMPSHIRE AVE | WASHINGTON | DC | 20009 | NONE | PC | TEACHER TRAINING PROGRAM | $31,900 |
| LAW FOCUSED EDUCSTATE BAR OF TEXAS | |||||||
| 14651 DALLAS PKWY | DALLAS | TX | 75254 | NONE | PC | TEACHER TRAINING INSTITUTE ON THE FOUNDING DOCUMENTS | $374,300 |
| BRAVER ANGELS | |||||||
| 733 THIRD AVENUE FL 16 | NEW YORK | NY | 10017 | NONE | PC | DEPOLARIZATION PROJECT | $40,000 |
| CERTELL INC | |||||||
| 2201 E 46TH ST 302 | INDIANAPOLIS | IN | 46205 | NONE | PC | EQUIPPING STUDENTS TO ENGAGE IN DEMOCRACY | $40,000 |
| DALLAS HOLOCAUST HUMAN RIGHTS MUSEU | |||||||
| 300 N HOUSTON ST | DALLAS | TX | 75202 | NONE | PC | RULE OF LAW SERIES | $25,000 |
| SAN ANTONIO REPORT | |||||||
| 126 GONZALES ST 100 | SAN ANTONIO | TX | 78205 | NONE | PC | CIVIC ENGAGEMENT REPORTING | $20,000 |
| TEXAS PUBLIC POLICY FOUNDATION | |||||||
| 901 CONGRESS AVENUE | AUSTIN | TX | 78701 | NONE | PC | GENERAL SUPPORT | $25,000 |
| YMCA OF AUSTIN | |||||||
| 55 NORTH IH-35 | AUSTIN | TX | 78705 | NONE | PC | TEXAS YOUTH AND GOVERNMENT | $200,000 |
| FORT WORTH REPORT | |||||||
| 2003 8TH AVE 300 | FORT WORTH | TX | 76110 | NONE | PC | CIVIC ENGAGEMENT | $25,000 |
| INTERNATIONAL LITERACY DEVELOPMENT | |||||||
| PO BOX 383153 | DUNCANVILLE | TX | 75138 | NONE | PC | ROHINGYA LANGUAGE AND LITERACY PROGRAM | $16,000 |
| LIBERTAS ACADEMY-SCORRO ISD | |||||||
| 12101 PELLICANO DR | EL PASO | TX | 79936 | NONE | GOV | CIVICS CAMP 8.0 | $15,000 |
| RONALD REAGAN PRESIDENTIAL FOUNDATI | |||||||
| 40 PRESIDENTIAL DRIVE | SIMI VALLEY | CA | 93065 | NONE | PC | REGIONAL GREAT COMMUNICATOR DEBATE SERIES COMPETITION | $25,000 |
| TEXAS BOYS STATE | |||||||
| PO BOX 140527 | AUSTIN | TX | 78714 | NONE | PC | GENERAL SUPPORT | $50,000 |
| individual scholarships given | |||||||
| 2201 west royal lane 100 | irving | TX | 75063 | NONE | I | educational scholarships | $577,171 |
| HOWARD PAYNE UNVERSITY | |||||||
| 1000 FISK STREET | BROWNWOOD | TX | 76081 | NONE | PC | 2024 SCHOLAR TRAVEL | $3,200 |
| LAW FOCUSED EDUCSTATE BAR OF TEXAS | |||||||
| 14651 DALLAS PKWY | DALLAS | TX | 75254 | NONE | PC | TRAINING THE NEXT GENERATION | $30,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,022,171 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $174,025 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $876,865 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $816,503 | ExclusionAmt |
| Related Or Exempt Function Incm | $748,354 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp (4 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd |
|---|---|---|---|---|
| GRANT RETURN | $7,899 | |||
| OIL & GAS ROYALTIES | 15 | $560,064 | ||
| OTHER INCOME | $504 | |||
| pass through from K-1's | 16 | -$748,236 | 531120 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,679,221 | ExclusionAmt |
| Related Or Exempt Function Incm | $756,757 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,435,978 | 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 | $73,932 | Amt |
| Net Investment Income | $18,483 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $55,449 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| JANUS HENDERSON FUNDS ENTERPRISE 1 | $4,081,226 | $4,081,226 |
| VANGUARD INST INDEX INST | $11,695,336 | $11,695,336 |
| VANGUARD SM CAP INDEX ADMIRAL | $4,408,827 | $4,408,827 |
| INVESCO EXCHANGE TRADED S&P 500 | $4,752,147 | $4,752,147 |
| CARILLON REAMS CORE BOND | $4,374,143 | $4,374,143 |
| GOLDMAN SACHS GQG PTNRS | $3,751,270 | $3,751,270 |
| VANGUARD DEVELOPED MARKET | $3,799,919 | $3,799,919 |
| BAIRD AGGREGATE BOND INS | $4,372,573 | $4,372,573 |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Land | CategoryOrItemTxt |
| Cost Or Other Basis | $279,402 | CostOrOtherBasisAmt |
| Book Value | $279,402 | BookValueAmt |
| EOYFMV | $279,402 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (33 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| AMERRA AGRI FUND II LP | FMV | $825,644 | $825,644 |
| ML-K-18-WP TRUST IV | FMV | $5,055 | $5,055 |
| LINX FUND I LP | FMV | $9,208,222 | $9,208,222 |
| CAPITAL ROY PARTNERS II | FMV | $39,241 | $39,241 |
| ORRI GULF OF MEXICO | FMV | $436,777 | $436,777 |
| ORRI OKLAHOMA #1 | FMV | $772 | $772 |
| ORRI OKLAHOMA #2 | FMV | $5,200 | $5,200 |
| ORRI KANSAS #1 | FMV | $317,622 | $317,622 |
| ORRI LOUISIANA #1 | FMV | $51,547 | $51,547 |
| ORRI NM #1 | FMV | $20,028 | $20,028 |
| ORRI LOUISIANA # 3 | FMV | $93,170 | $93,170 |
| ORRI TEXAS #2 | FMV | $80,107 | $80,107 |
| ORRI TEXAS #1 | FMV | $13,293 | $13,293 |
| ORRI KANSAS #2 | FMV | $3,154 | $3,154 |
| ORRI WYOMING #1 | FMV | $455,101 | $455,101 |
| PINNACLE IV | FMV | $644,232 | $644,232 |
| AMERRA AGRI FUND III | FMV | $746,888 | $746,888 |
| HACKBERRY CREEK | FMV | $1,927,436 | $1,927,436 |
| MADISON, LLC | FMV | $2,000,224 | $2,000,224 |
| AMERRA AGR FUND II ANNEX | FMV | $551,928 | $551,928 |
| PINNACLE V LP | FMV | $444,019 | $444,019 |
| PARR CAPITAL 122 WEST | FMV | $2,557,594 | $2,557,594 |
| MANOR RV PARK LLC | FMV | $83,497 | $83,497 |
| PAR CAPTIAL-GATEWAY LLC | FMV | $1,090,018 | $1,090,018 |
| ORRI TEXAS #6 | FMV | $25,828 | $25,828 |
| ORRI LOUISIANNA #2 | FMV | $6,747 | $6,747 |
| ORRIS LOUISIANNA #4 | FMV | $11,269 | $11,269 |
| MISCELLANEOUS | FMV | $407,633 | $407,633 |
| MACHINE INVESTMENT GROUP | FMV | $2,425,627 | $2,425,627 |
| PARR CAPITAL CENTREPOINT | FMV | $2,648,798 | $2,648,798 |
| PINNACLE BATRISTA | FMV | $378,965 | $378,965 |
| SARVIS | FMV | $710,721 | $710,721 |
| COURSE 26 | FMV | $323,128 | $323,128 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Furniture and Fixtures | CategoryOrItemTxt |
| Cost Or Other Basis | $46,219 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $12,847 | AccumulatedDepreciationAmt |
| Book Value | $33,372 | BookValueAmt |
| EOYFMV | $33,372 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | legal fees | CategoryTxt |
| Legal Fees | $11,965 | LegalFeesAmt |
| Net Investment Income | $2,991 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $8,974 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RIGHT OF USE ASSET | Desc |
| BOY Book Value | $151,093 | BOYBookValueAmt |
| EOY Book Value | $109,675 | EOYBookValueAmt |
| EOYFMV | $109,675 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (14 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| 75TH ANNIVERSARY | $82,933 | $82,933 | |
| CANDIDATE INTERVIEW EXPENSES | $13,973 | $10,480 | $3,493 |
| INFORMATION TECHNOLOGY | $24,056 | $18,042 | $6,014 |
| INSURANCE | $25,077 | $18,808 | $6,269 |
| INTERNSHIP EXPENSES | $922 | $692 | $230 |
| INTERVIEW EXPENSES | $3,129 | $2,347 | $782 |
| INVESTMENT EXPENSES | $145,333 | $145,333 | |
| MANAGEMENT FEES | $55,137 | $41,353 | $13,784 |
| MISCELLANEOUS | -$154 | -$270 | $117 |
| office supplies | $5,059 | $3,794 | $1,265 |
| OIL & GAS MAINTENANCE | $6,768 | $5,076 | $1,692 |
| POSTAGE | $1,229 | $922 | $307 |
| SCHOLARS SOCIALS | $24,639 | $18,480 | $6,160 |
| TELEPHONE | $594 | $446 | $149 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| GRANT RETURN | $7,899 | |
| OIL & GAS ROYALTIES | $560,064 | $560,064 |
| OTHER INCOME | $504 | |
| pass through from K-1's | -$748,236 | -$748,236 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| Deferred Excise Taxes | $196,205 | $192,715 |
| EXCISE TAX PAYABLE | $164,464 | $111,621 |
| OPERATING LEASE LIABILITY | $152,450 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | payroll processing fees | CategoryTxt |
| Amt | $3,085 | Amt |
| Net Investment Income | $463 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $2,622 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EXCISE TAX | $5,529 | ||
| PAYROLL TAX | $31,914 | $4,787 | $27,127 |
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