2023-11-14T08:12:04-08:00 2022-12-31 990 2022-01-01 270679342 ETCF Support Foundation ETCF 9035330208 315 N Broadway Ave 210 Tyler TX 75702 Kyle Penney President 2023-11-14 Kyle Penney 999009999 true 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z 315 N Broadway Ave 210 Tyler TX 75702 1303355 false X www.etcf.org X 2009 TX To benefit East Texas Communities Foundation 3 2 0 2 0 1197000 1197000 0 -379004 27712 49986 78643 867982 1303355 686843 104782 0 0 0 0 7845 8426 694688 113208 173294 1190147 4795810 6081737 0 4795810 6081737 To benefit East Texas Communities Foundation false false 113208 104782 1197000 The organization was formed to hold assets that might otherwise create a risk of liability or loss to East Texas Communities Foundation. 113208 true true false false false false false false false false false true false true false false false true false false false false false false false false false true false true false false false false false false false false true false false false true true false false true true 0 0 false 0 false false false false false false false 0 false false false false false false false X 3 2 false false false false false false false true true false false true true true true true true true true false X X Kyle Penney 9035330208 315 N Broadway Ave Ste 210 Tyler TX 75702 Kyle Penney President 40.00 40.00 X X 0 201470 5805 Marvin L Sneed Finance Director 40.00 40.00 0 124617 3436 Craig Adams Vice President 0.00 1.00 X X 0 0 0 Gordon Northcutt Secretary 0.00 1.00 X X 0 0 0 326087 9241 0 false true false 0 1197000 1197000 1197000 0 27712 27712 0 78643 78643 0 0 0 0 0 0 1303355 106355 104782 104782 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8369 8369 57 57 0 0 0 0 0 0 0 0 0 0 0 0 0 113208 113208 0 0 48024 61548 0 0 0 0 0 0 0 0 0 0 4424936 5625220 0 0 322850 394969 4795810 6081737 0 0 X 4795810 6081737 4795810 6081737 4795810 6081737 1190147 129719 -33939 X false true X true false X X 1 East Texas Communities Foundation 752309138 10 true 104782 0 1 104782 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5625220 F 5625220 Mineral Interest-JHCFsf 25222 Mineral Interest-JHSCsf 26362 Mineral Interest-Monigold 57258 Mineral Interest-Riehm 286095 Mineral Interests 32 ROUNDING 394969 true East Texas Communities Founda 315 N Broadway Ave Ste 210 Tyler TX 75701 752309138 104782 0 DONOR ADVISED FUND 1 0 false false false false false false false false false Kyle Penney President 187871 3500 10099 5805 207275 X 1 1197000 APPRAISAL 1 false true true Part I, Line 32, Hire and Use of Third Parties UPON RECEIPT OF A NON-CASH ASSET, THE FOUNDATION SOMETIMES SOLICITS PROPOSALS FROM REPUTABLE THIRD PARTY PROFESSIONALS EXPERIENCED IN LIQUIDATING THE RESPECTIVE ASSETS/ASSET CLASS. THE FOUNDATIONS MAY OR MAY NOT THEN ENGAGE ONE OF THE THIRD PARTIES TO HANDLE THE MARKETING AND LIQUIDATION PROCESS. Form 990, Part VI, Section B, Line 11b A draft copy of the Form 990 is reviewed by an officer. Questions or issues are discussed via conference call. Form 990, Part VI, Section B, Line 12c The directors must disclose any conflict of interest on an annual basis. Form 990, Part VI, Section B, Line 15a The Board conducts an annual review of compensation paid and comparable salaries. Form 990, Part VI, Section C, Line 19 Financial statements are made available on the Foundation's website. The Foundation's governing documents, conflict of interest policy, and financial statements are made available at the Foundation's office by request. FORM 990 PART VI LINES 12-15 POLICIES ETCF SUPPORT FOUNDATION IS GOVERNED BY THE POLICIES OF EAST TEXAS COMMUNITIES FOUNDATION. Statement Note 1 RECONCILIATION TO AUDITED CONSOLIDATED FINANCIAL STATEMENTSOn both December 30, 2021 and January 1, 2022, the Organization received a contribution of 24.5% partnership interest in Tyler Fusion Technologies LLC. While awaiting the appraisal to be completed, an estimated value of $1,250,000 was determined and recorded to the Organizations books. The final appraisal value of $1,197,000 was provided to the Organization after completion and issuance of the audited consolidated financial statements, of which the Organization is included as a subsidiary. Due to materiality, the audited consolidated financial statements have not been fully adjusted in either 2021 or 2022. The Organization intended to report the decrease in value during 2022 but did not. Since the appraisal value was available prior to filing the Form 990 for the 2021 and 2022 tax year, the Organization felt it was more appropriate to report the contributions at the appraisal value adjusted for any current K-1 activity. As a result, the Organization recognizes that there is a difference of $33,616 ($53,000 for 2021 and $-19,384 for 2022) between the Form 990 return and audited financial statements with respect to the reported 2021 and 2022 contributions and asset values relating to this LLC interest. This difference will be reconciled and cleared during the 2023 tax year. ETCF-RIEHM LLC 315 N BROADWAY AVE TYLER TX 75702 383904215 Mineral Management TX 49067 285503 ETCF Support Foundation ETCF-MONIGOLD LLC 315 N BROADWAY AVE TYLER TX 75702 301011045 MINERAL MANAGEMENT TX 7511 56790 ETCF SUPPORT FOUNDATION ETCF-HURST LLC 315 N BROADWAY AVE TYLER TX 75702 384100670 MINERAL MANAGEMENT TX ETCF SUPPORT FOUNDATION ETCF-HARRIS COMMUNITY FUND LLC 315 N BROADWAY AVE TYLER TX 75702 320585384 MINERAL MANAGEMENT TX 8080 24972 ETCF SUPPORT FOUNDATION ETCF-HARRIS SCHOLARSHIP LLC 315 N BROADWAY AVE TYLER TX 75702 320586037 MINERAL MANAGEMENT TX 8080 26046 ETCF SUPPORT FOUNDATION ETCF-SHAW LLC 315 N BROADWAY AVE TYLER TX 75703 844092841 PROPERTY MANAGEMENT TX 26774 3266164 ETCF SUPPORT FOUNDATION ETCF-JONES LLC 315 N Broadway Ave Suite 210 Tyler TX 75702 850652477 Real Estate Management TX 3559 40385 ETCF Support Foundation East Texas Communities Foundation 315 N Broadway Ave Ste 210 Tyler TX 75702 752309138 Manage and distribute charitable funds TX 501(c)(3) 7 N/A false false false false false false false false false false false false false false false false false false true false East Texas Communities Foundation r 104782 CASH TYLER FUSION TECHNOLOGIES LLC PO BOX 9487 TYLER TX 75711 205499445 Medical device pat. 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