ODONNELL FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- ODONNELL FOUNDATION (EIN 75-6023326)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-05-10
- IRS object ID
- 202211309349103671
- 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
- Form 990-PF
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Land Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-10T15:44:52-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 751044330 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LANE GORMAN TRUBITT LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2626 HOWELL ST SUITE 700 | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 756023326 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | O'DONNELL FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ODON | BusinessNameControlTxt |
| Phone | 2148715800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 CRESCENT COURT SUITE 880 | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 752011884 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILLIAM T SOLOMON | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2148715800 | PhoneNum |
| Signature | 2022-05-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | WILLIAM | PersonFirstNm |
| Person Last | SOLOMON | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RYAN C COLE | PreparerPersonNm |
| PTIN | P00568910 | PTIN |
| Phone | 2148717500 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $101,409,703 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $645 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $645 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $774,372 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $774,372 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $9,589,793 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $12,009,309 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $9,589,793 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $2,723,798 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $2,723,798 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $13,088,608 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $13,088,608 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $919,221 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $183,844 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $735,377 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $157,249 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $31,450 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $125,799 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $116,233 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $23,247 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $92,986 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $124 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $25 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $99 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $58,753 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $52,878 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $5,875 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $136 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $27 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $109 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $331,455 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $229,578 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $4,066 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $813 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $50,301 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $10,060 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $40,241 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $6,036 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $1,207 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $4,829 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $180,802 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $12,260 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $49,042 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,824,376 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $545,389 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,054,357 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $7,610,833 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $7,610,833 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $9,435,209 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $545,389 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $8,665,190 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,653,399 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $12,543,219 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $231,246 | CashBOYAmt |
| Cash EOY | $388,454 | CashEOYAmt |
| Cash EOYFMV | $388,454 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $7,280,362 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $12,190,739 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $12,190,739 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $55,632,233 | CorporateStockBOYAmt |
| Corporate Stock EOY | $60,258,076 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $60,258,076 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $22,544,655 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $21,484,614 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $21,484,614 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $4,482,541 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $4,440,017 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $42,524 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $42,524 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $7,073,895 | LandBldgInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $130,659 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $120,289 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $3,892 | LandBOYAmt |
| Land EOY | $10,370 | LandEOYAmt |
| Land EOYFMV | $10,370 | LandEOYFMVAmt |
| Other Assets BOY | $3,555 | OtherAssetsBOYAmt |
| Other Assets EOY | $3,555 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $3,555 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $85,738,467 | TotalAssetsBOYAmt |
| Total Assets EOY | $94,378,332 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $101,409,703 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $85,738,467 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $94,378,332 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $85,738,467 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $94,378,332 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $85,738,467 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $94,378,332 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $85,738,467 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,653,399 | ExcessRevenueOverExpensesAmt |
| Other Increases | $4,986,466 | OtherIncreasesAmt |
| Subtotal | $94,378,332 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $94,378,332 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (15 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| 5,000 SHS BERKSHIRE HATHAWAY INC. CLASS B | 2011-08-24 | 2021-03-12 | $1,301,687 | $334,510 | $967,177 | $967,177 |
| 16,986 SHS FIRST FINL BANKSHARES INC CMN | 1984-08-04 | 2021-03-12 | $861,041 | $4,891 | $856,150 | $856,150 |
| 17,295 SHS FIRST FINL BANKSHARES INC CMN | 1984-08-04 | 2021-03-12 | $876,705 | $4,979 | $871,726 | $871,726 |
| 6,800 SHS META PLATFORMS INC CMN CLASS A | 2013-07-12 | 2021-03-12 | $1,819,708 | $154,775 | $1,664,933 | $1,664,933 |
| 10,000 SHS SOUTHWEST AIRLINES CO CMN | 2013-01-30 | 2021-03-12 | $607,619 | $108,570 | $499,049 | $499,049 |
| 30,719 SHS FIRST FINL BANKSHARES INC CMN | 1984-08-04 | 2021-03-15 | $1,545,588 | $8,844 | $1,536,744 | $1,536,744 |
| 2,500 SHS BERKSHIRE HATHAWAY INC. CLASS B | 2011-08-04 | 2021-09-29 | $692,982 | $167,255 | $525,727 | $525,727 |
| 31,500 SHS FIRST FINL BANKSHARES INC CMN | 1984-08-04 | 2021-09-29 | $1,442,727 | $9,069 | $1,433,658 | $1,433,658 |
| 3,230 SHS META PLATFORMS INC CMN CLASS A | 2013-07-12 | 2021-09-29 | $1,099,617 | $73,518 | $1,026,099 | $1,026,099 |
| 5,000 SHS SOUTHWEST AIRLINES CO CMN | 2013-01-30 | 2021-09-29 | $263,420 | $54,285 | $209,135 | $209,135 |
| 53 SHS VANGUARD SHORT-TERM BOND ETF | 2020-02-18 | 2021-09-29 | $4,339 | $4,303 | $36 | $36 |
| 2,775 SHS VANGUARD SHORT-TERM BOND ETF | 2020-02-20 | 2021-09-29 | $227,188 | $225,376 | $1,812 | $1,812 |
| 2,570 SHS VANGUARD SHORT-TERM BOND ETF | 2020-02-21 | 2021-09-29 | $210,405 | $209,016 | $1,389 | $1,389 |
| 752 SHS VANGUARD SHORT-TERM BOND ETF | 2020-02-24 | 2021-09-29 | $61,566 | $61,273 | $293 | $293 |
| 12,150 SHS VANGUARD SHORT-TERM BOND ETF | 2021-03-12 | 2021-09-29 | $994,717 | $998,852 | -$4,135 | -$4,135 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $9,589,793 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$4,135 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $174,351 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $174,351 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $174,351 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $171,505 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $171,505 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $111 | EsPenaltyAmt |
| Tax Due | $2,957 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | TX | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | WILLIAM T SOLOMON | IndividualWithBooksNm |
| Phone | 2148715800 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 CRESCENT COURT 880 | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 752011884 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (9 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 |
|---|---|---|---|---|---|---|---|---|
| WILLIAM T SOLOMON | ||||||||
| 100 CRESCENT COURT SUITE 880 | DALLAS | TX | 752011884 | CHAIRMAN, PRESIDENT & CEO | 40.00 | $433,034 | $0 | $0 |
| EDWARD A COPLEY | ||||||||
| 300 CRESCENT COURT SUITE 1350 | DALLAS | TX | 75201 | DIRECTOR | 3.00 | $0 | $0 | $0 |
| RUTH O'DONNELL MUTCH | ||||||||
| 9035 BROKEN ARROW LANE | DALLAS | TX | 75209 | DIRECTOR | 3.00 | $0 | $0 | $0 |
| LARRY FAULKNER | ||||||||
| 5310 WESTERN HILLS DR | AUSTIN | TX | 78731 | DIRECTOR | 3.00 | $0 | $0 | $0 |
| JERE THOMPSON JR | ||||||||
| 1801 N LAMAR STREET SUITE 600 | DALLAS | TX | 75202 | DIRECTOR | 3.00 | $0 | $0 | $0 |
| ROBERT DEDMAN JR | ||||||||
| 5956 SHERRY LANE STE 1800 | DALLAS | TX | 75225 | VICE-CHAIRMAN | 3.00 | $0 | $0 | $0 |
| CAREN PROTHRO | ||||||||
| 3929 POTOMAC | DALLAS | TX | 75205 | VICE-CHAIRMAN | 3.00 | $0 | $0 | $0 |
| SERENA RITCH | ||||||||
| 100 CRESCENT COURT SUITE 880 | DALLAS | TX | 752011884 | VP & DIR. OF ARTS PROGRAM | 40.00 | $220,104 | $0 | $0 |
| TIFFANY ARMSTRONG | ||||||||
| 100 CRESCENT COURT SUITE 880 | DALLAS | TX | 752011884 | VP & SECRETARY & TREASURER | 40.00 | $266,083 | $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 |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $82,539,203 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $9,092,535 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $7,073,895 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $98,705,633 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $98,705,633 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,480,584 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $97,225,049 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $4,861,252 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $4,861,252 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $174,351 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $174,351 | TotalTaxAmt |
| Distributable Before Adj | $4,686,901 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $4,686,901 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $4,686,901 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $8,665,190 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $8,665,190 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $4,686,901 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $35,777,364 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $458,019 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $101,822 | ExcessDistributionCyovYr3Amt |
| Total Excess Distribution Cyov | $36,337,205 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $8,665,190 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $4,686,901 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $3,978,289 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $40,315,494 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $35,777,364 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $4,538,130 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $458,019 | ExcessFromYear4Amt |
| Excess From Year3 | $101,822 | ExcessFromYear3Amt |
| Excess From Current Year | $3,978,289 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | TIFFANY ARMSTRONG | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 CRESCENT COURT STE 880 | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75201 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2148715800 | RecipientPhoneNum |
| Form And Info And Materials | APPLICATIONS SHOULD INCLUDE A BRIEF LETTER OUTLINING THE PROJECT, TIMETABLE, BUDGET, FUNDS ALREADY PLEDGED TO THE PROJECT, AND THE SPECIFIC CONTRIBUTION REQUESTED. PROVIDE LIST OF ORGANIZATION'S GOVERNING BOARD AND COPY OF IRS DETERMINATION LETTER OF TAX-EXEMPT STATUS. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | IN AWARDING CHARITABLE AND EDUCATIONAL GRANTS, PREFERENCE IS GIVEN TO LOCAL INSTITUTIONS. NO GRANTS ARE MADE TO INDIVIDUALS AND NO SCHOLARSHIPS, LOANS OR PRIZES ARE AWARDED. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| DALLAS SYMPHONY ASSOCIATION | |||||||
| 2301 N FLORA ST | DALLAS | TX | 75201 | NONE | PUBLIC | OPERATIONS | $100,000 |
| THE DALLAS MUSEUM OF ART | |||||||
| 1717 N HARWOOD ST | DALLAS | TX | 75201 | NONE | PUBLIC | OPERATIONS | $525,000 |
| THE DALLAS OPERA | |||||||
| 2403 FLORA ST | DALLAS | TX | 75201 | NONE | PUBLIC | OPERATIONS | $250,000 |
| THE UNIVERSITY OF TEXAS AT DALLAS | |||||||
| 800 W CAMPBELL RD | RICHARDSON | TX | 75080 | NONE | PUBLIC | OPERATIONS | $1,025,250 |
| UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER AT DALLAS | |||||||
| 5323 HARRY HINES BLVD | DALLAS | TX | 75390 | NONE | PUBLIC | OPERATIONS | $5,710,583 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $7,610,833 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (6 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER AT DALLAS | |||||||
| 5323 HARRY HINES BLVD | DALLAS | TX | 75390 | NONE | PUBLIC | OPERATIONS | $9,409,400 |
| THE UNIVERSITY OF TEXAS AT DALLAS | |||||||
| 800 W CAMPBELL RD | RICHARDSON | TX | 75080 | NONE | PUBLIC | OPERATIONS | $1,000,000 |
| DALLAS SYMPHONY ASSOCIATION | |||||||
| 2301 N FLORA ST | DALLAS | TX | 75201 | NONE | PUBLIC | OPERATIONS | $500,000 |
| WOODALL RODGERS PARK FOUNDATION | |||||||
| 1909 WOODALL RODGERS FWY STE 403 | DALLAS | TX | 75201 | NONE | PUBLIC | OPERATIONS | $1,000,000 |
| SOUTHERN METHODIST UNIVERSITY | |||||||
| 6425 BOAZ LANE | DALLAS | TX | 75205 | NONE | PUBLIC | OPERATIONS | $2,000,000 |
| THE ACADEMY OF MEDICINE ENGINEERING & SCIENCE OF TEXAS | |||||||
| 3925 W BRAKER LANE SUITE 38018 | AUSTIN | TX | 78759 | NONE | PUBLIC | OPERATIONS | $1,150,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $15,059,400 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $645 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $774,372 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 211110 | BusinessCd |
| Unrelated Business Taxbl Incm | $127,112 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 15 | ExclusionCd |
| Exclusion | $2,596,686 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $9,589,793 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $127,112 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $12,961,496 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $13,088,608 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 1 | LineNumberTxt |
| Relationship Statement | N/A | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $58,753 | Amt |
| Net Investment Income | $52,878 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $5,875 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | VANGUARD SHORT TERM BOND ETF | BondNm |
| EOY Book Value | $21,484,614 | EOYBookValueAmt |
| EOYFMV | $21,484,614 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BERKSHIRE HATHAWAY | $8,790,600 | $8,790,600 |
| META PLATFORMS, INC. | $12,839,489 | $12,839,489 |
| FIRST FINANCIAL BANKSHARES, INC. | $19,110,248 | $19,110,248 |
| SOUTHWEST AIRLINES | $2,513,337 | $2,513,337 |
| VANGUARD S&P 500 | $17,004,402 | $17,004,402 |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | REAL ESTATE | CategoryOrItemTxt |
| Cost Or Other Basis | $4,482,541 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $4,440,017 | AccumulatedDepreciationAmt |
| Book Value | $42,524 | BookValueAmt |
| EOYFMV | $7,073,895 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | FIXED ASSETS | CategoryOrItemTxt |
| Cost Or Other Basis | $130,659 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $120,289 | AccumulatedDepreciationAmt |
| Book Value | $10,370 | BookValueAmt |
| EOYFMV | $10,370 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $124 | LegalFeesAmt |
| Net Investment Income | $25 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $99 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEPOSITS | Desc |
| BOY Book Value | $3,555 | BOYBookValueAmt |
| EOY Book Value | $3,555 | EOYBookValueAmt |
| EOYFMV | $3,555 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| POSTAGE, SUPPLIES, OFFICE EXP | $27,627 | $5,525 | $0 | $22,102 |
| LEASE OPERATING EXPENSE | $119,500 | $0 | $0 | $0 |
| INSURANCE | $33,675 | $6,735 | $0 | $26,940 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| OIL & GAS ROYALTY INTEREST | $2,596,686 | $2,596,686 | $0 |
| OIL & GAS WORKING INTEREST | $127,112 | $127,112 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NET UNREALIZED GAIN ON INVESTMENTS | Desc |
| Amt | $4,986,466 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | OTHER PROFESSIONAL FEES | CategoryTxt |
| Amt | $136 | Amt |
| Net Investment Income | $27 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $109 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FEDERAL EXCISE AND OTHER | $84,000 | $0 | $0 | $0 |
| OIL & GAS AD VALOREM TAX | $145,661 | $142,748 | $0 | $0 |
| OIL & GAS PRODUCTION TAX | $100,671 | $86,830 | $0 | $0 |
| PROPERTY TAX EXPENSE | $1,123 | $0 | $0 | $0 |
Comments