JEAN AND AL CARRELL FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
JEAN AND AL CARRELL FOUNDATION INC (EIN 46-1403244)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-08
IRS object ID
202343129349101114
Schema version
2022v5.0
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)
Return2023-11-08T08:30:52-08:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN261591347PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HOLDEN AND PARKER PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18226 DOUGLAS AVE STE 648AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75225ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461403244EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Jean and Al Carrell Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJEANBusinessNameControlTxt
Phone2146160066PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13502 HarvardAddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75205ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKelly DayPersonNm
Person TitlePresidentPersonTitleTxt
Signature2023-11-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKellyPersonFirstNm
Person LastDayPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKendall R HoldenPreparerPersonNm
PTINP01296859PTIN
Phone2149658544PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,776,440FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$171InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$171InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$68,003DividendsRevAndExpnssAmt
Dividends Net Invst Incm$68,003DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$29,431NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$87,857GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$29,431CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$507OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$98,112TotalRevAndExpnssAmt
Total Net Invst Incm$97,605TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$6,884AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$6,884AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$17,826OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$17,826OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$214TaxesRevAndExpnssAmt
Taxes Net Invst Incm$214TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$24,924TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$24,924TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$140,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$140,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$164,924TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$24,924TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$140,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$66,812ExcessRevenueOverExpensesAmt
Net Investment Income$72,681NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$269,667CashBOYAmt
Cash EOY$123,240CashEOYAmt
Cash EOYFMV$123,240CashEOYFMVAmt
Corporate Stock BOY$1,207,241CorporateStockBOYAmt
Corporate Stock EOY$1,217,047CorporateStockEOYAmt
Corporate Stock EOYFMV$2,653,200CorporateStockEOYFMVAmt
Total Assets BOY$1,476,908TotalAssetsBOYAmt
Total Assets EOY$1,340,287TotalAssetsEOYAmt
Total Assets EOYFMV$2,776,440TotalAssetsEOYFMVAmt
Accounts Payable BOY$135,000AccountsPayableBOYAmt
Accounts Payable EOY$70,000AccountsPayableEOYAmt
Total Liabilities BOY$135,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$70,000TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,341,908NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,270,287NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,341,908TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,270,287TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,476,908TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,340,287TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,341,908TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$66,812ExcessRevenueOverExpensesAmt
Subtotal$1,275,096SubtotalAmt
Other Decreases$4,809OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,270,287TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyFidelity LTDPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2021-01-01AcquiredDt
Sold2022-12-01SoldDt
Gross Sales Price$87,857GrossSalesPriceAmt
Cost Or Other Basis$58,426CostOrOtherBasisAmt
Gain Or Loss$29,431GainOrLossAmt
Gains Minus Excess Or Losses$29,431GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$29,431CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,010InvestmentIncomeExciseTaxAmt
Subtotal$1,010SubtotalAmt
Tax Based On Investment Income$1,010TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,415EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,415TotalPaymentsAndCreditsAmt
Overpayment$1,405OverpaymentAmt
Applied To ES Tax$1,405AppliedToESTaxAmt

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
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 Line1Kelly Carrell DayBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9725308821PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13502 HarvardAddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75205ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Meg Carrell Wells
3502 HarvardDallasTX75205Secretary0.00$0
Kelly Carrell Day
5714 FirecrestGarlandTX75044President0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,431,692AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$137,135AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,568,827TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,568,827AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$38,532CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,530,295NetVlNoncharitableAssetsAmt
Minimum Investment Return$126,515MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$126,515MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,010TaxBasedOnInvestmentIncomeAmt
Total Tax$1,010TotalTaxAmt
Distributable Before Adj$125,505DistributableBeforeAdjAmt
Distributable Before Ded$125,505DistributableBeforeDedAmt
Distributable As Adjusted$125,505DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$140,000ExpensesAndContributionsAmt
Qualifying Distributions$140,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$125,505DistributableAsAdjustedAmt
Undistributed Income PY$9,144UndistributedIncomePYAmt
Qualifying Distributions$140,000QualifyingDistributionsAmt
Applied To Year1$9,144AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$125,505AppliedToCurrentYearAmt
Remaining Distri From Corpus$5,351RemainingDistriFromCorpusAmt
Total Corpus$5,351TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$5,351ExcessDistriCyovToNextYrAmt
Excess From Current Year$5,351ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Parkinson Voice Project
646 N Coit Road Suite 2250RichardsonTX75080N/APublicGeneral Operations$25,000
Operation Kindness
3201 Earhart DrCarrolltonTX75006N/APublicGeneral Operations$25,000
Texas Scottish Rite
2222 Welborn StreetDallasTX75219N/APublicGeneral Operations$25,000
Habitat for Humanity of South Colli
1400 Summit Ave Ste D4PlanoTX75074N/APublicGeneral Operations$15,000
Patriot Paws
254 Ranch TrailRockwallTX75032N/APublicGeneral Operations$15,000
Hunt County Shared Ministries
2805 King StreetGreenvilleTX75401N/APublicGeneral Operations$20,000
The Family Place
11722 Marsh LaneDallasTX75229N/APCGeneral Operations$15,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$140,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$171ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$68,003ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$507ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$29,431ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$98,112ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$98,112TotalIncomeProducingActyAmt

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)
CategoryHolden & ParrkerCategoryTxt
Amt$6,884Amt
Net Investment Income$6,884NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDescAmtAmt
Form 990-PF taxes 2021$4,800
Reconcile Balance Adjustment$9

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$507RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryMoney Mgmt FidelityCategoryTxt
Amt$17,826Amt
Net Investment Income$17,826NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryForeign TaxesCategoryTxt
Amt$214Amt
Net Investment Income$214NetInvestmentIncomeAmt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.