LEX HALL SEWELL FAMILY FOUNDATION INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- LEX HALL SEWELL FAMILY FOUNDATION INC (EIN 32-0585192)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202413209349107371
- 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
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T17:26:25-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 710727226 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PICKLER ACCOUNTING ADVISORS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1143 HALLE PARK CIRCLE | AddressLine1Txt |
| City | COLLIERVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38017 | 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 | 320585192 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LEX HALL SEWELL FAM FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LEXH | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1143 HALLE PARK CIRCLE | AddressLine1Txt |
| City | COLLIERVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38017 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WESLEY CALLAHAN | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 9013160160 | PhoneNum |
| Signature | 2024-05-15 | 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 | Charles Cossar | PreparerPersonNm |
| PTIN | P03194613 | PTIN |
| Phone | 9013160160 | PhoneNum |
| Preparation | 2024-11-15 | PreparationDt |
| 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 | $180,739 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $30,000 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $2,716 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,716 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,787 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $9,657 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,787 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $8 | NetSTCapitalGainAdjNetIncmAmt |
| Total Rev And Expnss | $35,503 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $5,503 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $8 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $58 | LegalFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $5,018 | OtherProfFeesRevAndExpnssAmt |
| Taxes Rev And Expnss | $36 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $1,254 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $6,366 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $6,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $6,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $12,366 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $6,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $23,137 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $5,503 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $8 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $30,578 | CashBOYAmt |
| Cash EOY | $30,416 | CashEOYAmt |
| Cash EOYFMV | $30,416 | CashEOYFMVAmt |
| Other Investments BOY | $60,260 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $83,559 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $150,323 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $90,838 | TotalAssetsBOYAmt |
| Total Assets EOY | $113,975 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $180,739 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $90,838 | RetainedEarningBOYAmt |
| Retained Earning EOY | $113,975 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $90,838 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $113,975 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $90,838 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $113,975 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $90,838 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $23,137 | ExcessRevenueOverExpensesAmt |
| Subtotal | $113,975 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $113,975 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt |
|---|---|---|---|---|---|---|
| PUTNAM ULTRA SHORT DURATION INCOME | P | 2023-05-25 | 2023-12-07 | $1,300 | $1,292 | $8 |
| FIDELITY GLOBAL EX US INDEX FUND | P | 2021-08-02 | 2023-11-10 | $1,603 | $1,785 | -$182 |
| FIDELITY LARGE CAP GROWTH INDEX FD | P | 2021-08-02 | 2023-08-07 | $1,069 | $968 | $101 |
| FIDELITY LARGE CAP GROWTH INDEX FD | P | 2021-08-02 | 2023-11-10 | $2,738 | $2,440 | $298 |
| FIDELITY LARGE CAP VALUE INDEX FD | P | 2021-08-02 | 2023-11-10 | $1,822 | $1,776 | $46 |
| FIDELITY MID CAP INDEX FUND | P | 2021-08-02 | 2023-11-10 | $581 | $618 | -$37 |
| FIDELITY SMALL CAP INDEX FUND | P | 2021-08-02 | 2023-08-07 | $271 | $282 | -$11 |
| FIDELITY SMALL CAP INDEX FUND | P | 2021-08-02 | 2023-11-10 | $273 | $325 | -$52 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,787 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $8 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $76 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $76 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $76 | TaxBasedOnInvestmentIncomeAmt |
| Tax Due | $76 | 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 |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | TN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | false | 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 |
| Individual With Books | SYLVIA TOWNSEL | IndividualWithBooksNm |
| Phone | 9013160160 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8509 SOUTH WOODLAND ROSE | AddressLine1Txt |
| City | CORDOVA | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38016 | ZIPCd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| CHRISTINE LAWSON | ||||||||
| 556 ASHBURY COVE | CORDOVA | TN | 38018 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| CARLA SCALLORN | ||||||||
| 5646 PINETREE LOOP E | SOUTHAVEN | MS | 38672 | SECRETARY | 1.00 | $0 | $0 | $0 |
| SYLVIA TOWNSEL | ||||||||
| 8509 SOUTH WOODLAND ROSE | CORDOVA | TN | 38016 | TREASURER | 1.00 | $0 | $0 | $0 |
| WESLEY CALLAHAN | ||||||||
| 4602 PIERCE DRIVE | HERNANDO | MS | 38632 | 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 |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $107,760 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $12,980 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $120,740 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $120,740 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,811 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $118,929 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,946 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,946 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $76 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $76 | TotalTaxAmt |
| Distributable Before Adj | $5,870 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $5,870 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $5,870 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $6,000 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $6,000 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $5,870 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $4,801 | UndistributedIncomePYAmt |
| Qualifying Distributions | $6,000 | QualifyingDistributionsAmt |
| Applied To Year1 | $4,801 | AppliedToYear1Amt |
| Applied To Current Year | $1,199 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $4,671 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|
| THE ARC MID SOUTH | |||||
| 3485 POPLAR AVENUE SUITE 210 | MEMPHIS | TN | 38111 | FINANCIAL SUPPORT | $1,500 |
| FORREST SPENCE FUND | |||||
| 2112 COURT AVENUE | MEMPHIS | TN | 38104 | FINANCIAL SUPPORT | $1,500 |
| HEALING HEARTS MID SOUTH | |||||
| 1384 MADISON AVENUE | MEMPHIS | TN | 38104 | FINANCIAL SUPPORT | $1,500 |
| PALMER HOME FOR CHILDREN | |||||
| 6933 CRUMPLER BLVD | OLIVE BRANCH | MS | 38654 | FINANCIAL SUPPORT | $1,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $6,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 523000 | BusinessCd |
| Unrelated Business Taxbl Incm | $2,716 | UnrelatedBusinessTaxblIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 523000 | BusinessCd |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $2,716 | UnrelatedBusinessTaxblIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,716 | 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 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| NATL FINL SERVICES 0478 | $73,084 | $119,261 |
| NATL FINL SERVICES 8858 | $10,475 | $31,062 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $58 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACCOUNT FEES | Desc |
| Revenue And Expenses Per Books | $1,254 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| TRUSTEE FEES | $3,750 | $0 | $0 | $0 |
| ACCOUNTING | $1,268 | $0 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAXES | CategoryTxt |
| Amt | $36 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |