FURR FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
FURR FOUNDATION INC (EIN 75-2605002)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-08-31
IRS object ID
202202439349100205
Schema version
2021v4.2
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)
Return2022-08-31T09:40:30-00:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN752301069PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1McCURDY STEWART & SOUTHWARD PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1425 CYPRESS STREETAddressLine1Txt
CityABILENECityNm
State AbbreviationTXStateAbbreviationCd
ZIP79601ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN752605002EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE FURR FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFURRBusinessNameControlTxt
Phone8147810778PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11611 GOLIAD DRIVEAddressLine1Txt
CityARLINGTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76012ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM L COOKPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8147810778PhoneNum
Signature2022-08-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstWILLIAMPersonFirstNm
Person LastCOOKPersonLastNm

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKRIS SOUTHWARDPreparerPersonNm
PTINP01082264PTIN
Phone3256771231PhoneNum
Preparation2022-08-31PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$568,854FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$166ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$26,629DividendsRevAndExpnssAmt
Dividends Net Invst Incm$26,629DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$26,795TotalRevAndExpnssAmt
Total Net Invst Incm$26,629TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$550LegalFeesRevAndExpnssAmt
Taxes Rev And Expnss$478TaxesRevAndExpnssAmt
Taxes Net Invst Incm$478TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,028TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$478TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$81,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$81,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$82,528TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$478TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$81,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$55,733ExcessRevenueOverExpensesAmt
Net Investment Income$26,151NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$22,185CashBOYAmt
Cash EOY$39,823CashEOYAmt
Cash EOYFMV$39,823CashEOYFMVAmt
Sav And Temp Cash Invst BOY$869,898SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$796,527SavAndTempCashInvstEOYAmt
US Government Obligations BOY$450,000USGovernmentObligationsBOYAmt
US Government Obligations EOY$450,000USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$529,031USGovtObligationsEOYFMVAmt
Total Assets BOY$1,342,083TotalAssetsBOYAmt
Total Assets EOY$1,286,350TotalAssetsEOYAmt
Total Assets EOYFMV$568,854TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,342,083RetainedEarningBOYAmt
Retained Earning EOY$1,286,350RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,342,083TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,286,350TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,342,083TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,286,350TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,342,083TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$55,733ExcessRevenueOverExpensesAmt
Subtotal$1,286,350SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,286,350TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$363InvestmentIncomeExciseTaxAmt
Subtotal$363SubtotalAmt
Tax Based On Investment Income$363TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$363ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$363TotalPaymentsAndCreditsAmt
Original Return Tax Paid$363OriginalReturnTaxPaidAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
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
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressGUIDESTAR.ORGWebsiteAddressTxt
Individual With BooksWILLIAM L BILL COOK JRIndividualWithBooksNm
Phone8177810778PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11611 GOLIAD DRAddressLine1Txt
CityARLINGTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP760121738ZIPCd
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
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
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
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
WILLIAM L COOK JR
1611 GOLIADARLINGTONTX76012PRESIDENT000.00$0
MITCH HALL
2550 CR 376ANSONTX79501DIRECTOR000.00$0
LARRY HALL
2417 FM 1750ABILENETX79602DIRECTOR000.00$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1PROVIDED SCHOLARSHIP FUNDS TO ELEVEN UNIVERSITIES IN TEXAS, OKLAHOMA , AND ARKANSAS.Description1Txt
Expenses1$28,500Expenses1Amt
Description2ADDED FUNDS TO AN ENDOWMENT TO A UNIVERISTY TO AWARD SCHOLARSHIPS FROM EARNINGSDescription2Txt
Expenses2$30,000Expenses2Amt
Description3GENERAL OPERATIONS FOR PREPARATORY ACADEMYDescription3Txt
Expenses3$20,000Expenses3Amt
Description4GENERAL OPERATIONS FOR A VOLUNTEER FIRE DEPARTMENT, A FOUNDATION, & HIGH SCHOOLDescription4Txt
Expenses4$3,000Expenses4Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,330,870AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$80,011AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,410,881TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,410,881AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$21,163CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,389,718NetVlNoncharitableAssetsAmt
Minimum Investment Return$69,486MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$69,486MinimumInvestmentReturnAmt
Tax Based On Investment Income$363TaxBasedOnInvestmentIncomeAmt
Total Tax$363TotalTaxAmt
Distributable Before Adj$69,123DistributableBeforeAdjAmt
Distributable Before Ded$69,123DistributableBeforeDedAmt
Distributable As Adjusted$69,123DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$81,500ExpensesAndContributionsAmt
Qualifying Distributions$81,500QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$69,123DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$10,394ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$381,080ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$83,484ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$105,287ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$53,837ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$634,082TotalExcessDistributionCyovAmt
Qualifying Distributions$81,500QualifyingDistributionsAmt
Applied To Current Year$69,123AppliedToCurrentYearAmt
Remaining Distri From Corpus$12,377RemainingDistriFromCorpusAmt
Total Corpus$646,459TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$10,394ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$636,065ExcessDistriCyovToNextYrAmt
Excess From Year4$381,080ExcessFromYear4Amt
Excess From Year3$83,484ExcessFromYear3Amt
Excess From Year2$105,287ExcessFromYear2Amt
Excess From Year1$53,837ExcessFromYear1Amt
Excess From Current Year$12,377ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonWILLIAM L COOK JRRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11611 GOLIAD DRAddressLine1Txt
CityARLINGTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76012ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8177810778RecipientPhoneNum
Form And Info And MaterialsNAME, ADDRESS, UNIVERSITY, USE OF POTENTIAL FUNDS, BACKGROUND INFORMATIONFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CADDO VOLUNTEER FIRE DEPARTMENT
581 CR 108CADDOTX76429NONEPCOPERATING FUNDS$3,000
HARDIN-SIMMONS UNIVERSITY
PO BOX 16000ABILENETX796986000NONEPCENDOWMENT$30,000
OKLAHOMA STATE UNIVERSITY
900 NORTH PORLAND AVENUEOKLAHOMA CITYOK73107NONEPCSCHOLARSHIPS$12,000
UNIVERSITY OF ARKANSAS
1125 WEST MAPLE STREETFAYETTEVILLEAR72701NONEPCSCHOLARSHIP$3,000
UNIVERSITY OF TEXAS OF ARLINGTON
701 S NEDDERMAN DRIVEARLINGTONTX76019NONEPCSCHOLARSHIPS$8,000
DALLAS BAPTIST UNIVERSITY
3000 MOUNTAIN CREEK PKWYDALLASTX75211NONEPCSCHOLARSHIP$4,000
HARDIN-SIMMONS UNIVERSITY
PO BOX 16000ABILENETX796986000NONEPCSCHOLARSHIP$3,000
SOUTHWESTERN UNIVERSITY
1001 E UNIVERSITY AVEGEORGETOWNTX78626NONEPCSCHOLARSHIP$3,000
TARLETON STATE UNIVERSITY
1333 WEST WASHINGTONSTEPHENVILLETX76402NONEPCSCHOLARSHIP$4,000
TEXAS A&M UNIVERSITY
400 BIZZELL STREETCOLLEGE STATIONTX77843NONEPFSCHOLARSHIP$2,000
GRACE PREPARATORY ACADEMY
3300 INTERSTATE 20 WESTARLINGTONTX76017NONEPCOPERATING FUNDS$20,000
LOUISIANA STATE UNIVERSITY
1146 PLEASANT HALLBATON ROUGELA70803NONEPCSCHOLARSHIP RETURN-$10,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$81,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion03ExclusionCd
Exclusion$26,629ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$26,629ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$26,629TotalIncomeProducingActyAmt

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

Transfer Schedule Detail TransferScheduleDetail

Noncharitable Exempt Org Name NoncharitableExemptOrgName

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd

Accounting Fees Schedule AccountingFeesSchedule

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryACCOUNTING SERVICESCategoryTxt
Legal Fees$550LegalFeesAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINCOME TAXCategoryTxt
Amt$478Amt
Net Investment Income$478NetInvestmentIncomeAmt

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