LOUISE W KAHN & EDMUND J KAHN DALLAS SYMPHONY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
LOUISE W KAHN & EDMUND J KAHN DALLAS SYMPHONY FOUNDATION (EIN 75-6368880)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-09
IRS object ID
202221299349102327
Schema version
2021v4.0
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)
Return2022-05-09T12:01:58-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN300020048PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SALLIE A SCANLAN CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110440 N CENTRAL EXPY STE 1280AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75231ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN756368880EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LOUISE W KAHN AND EDMUND J KAHN DALLASBusinessNameLine1Txt
Business Name Line2SYMPHONY FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlLOUIBusinessNameControlTxt
Phone2143696202PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110440 N CENTRAL EXPRESSWAY 1280AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75231ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSALLIE A SCANLANPersonNm
Person TitleTRUSTEEPersonTitleTxt
Signature2022-05-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSALLIE APersonFirstNm
Person LastSCANLANPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSallie A Scanlan CPA PCPreparerPersonNm
PTINP00572582PTIN
Phone2143694732PhoneNum

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)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$10,181,166FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$128,127DividendsRevAndExpnssAmt
Dividends Net Invst Incm$128,127DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$919,062NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,085,622GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$919,062CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$1,047,189TotalRevAndExpnssAmt
Total Net Invst Incm$1,047,189TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$14,600AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$10,220AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$4,380AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$66,458OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$66,458OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$9,000TaxesRevAndExpnssAmt
Occupancy Rev And Expnss$10,160OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm$5,080OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl$5,080OccupancyDsbrsChrtblAmt
Other Expenses Rev And Expnss$11OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$11OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$100,229TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$81,769TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$9,460TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$440,296ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$440,296ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$540,525TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$81,769TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$449,756TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$506,664ExcessRevenueOverExpensesAmt
Net Investment Income$965,420NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$8,558CashBOYAmt
Cash EOY$4,503CashEOYAmt
Cash EOYFMV$4,503CashEOYFMVAmt
Sav And Temp Cash Invst BOY$280,543SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$597,586SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$597,586SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$579,759USGovernmentObligationsBOYAmt
US Government Obligations EOY$586,270USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$1,068,706USGovtObligationsEOYFMVAmt
Corporate Stock BOY$2,627,512CorporateStockBOYAmt
Corporate Stock EOY$2,866,811CorporateStockEOYAmt
Corporate Stock EOYFMV$6,354,208CorporateStockEOYFMVAmt
Corporate Bonds BOY$2,100,625CorporateBondsBOYAmt
Corporate Bonds EOY$2,048,491CorporateBondsEOYAmt
Corporate Bonds EOYFMV$2,156,163CorporateBondsEOYFMVAmt
Total Assets BOY$5,596,997TotalAssetsBOYAmt
Total Assets EOY$6,103,661TotalAssetsEOYAmt
Total Assets EOYFMV$10,181,166TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$5,596,997CapitalStockBOYAmt
Capital Stock EOY$6,103,661CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$5,596,997TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$6,103,661TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,596,997TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$6,103,661TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,596,997TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$506,664ExcessRevenueOverExpensesAmt
Subtotal$6,103,661SubtotalAmt
Tot Net Ast Or Fund Balances EOY$6,103,661TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
SEE ATTACHED MORGAN STANLEY STMTP2021-05-052021-08-08$182,584$149,050$33,534$33,534
SEE ATTACHED MORGAN STANLEY STMTP2017-08-082021-05-05$1,627,086$906,343$720,743$720,743
SEE ATTACHED MORGAN STANLEY STMTP1985-05-052021-06-06$272,983$108,139$164,844$164,844
SEE ATTACHED MORGAN STANLEY STMTP1985-05-052021-06-06$2,969$3,028-$59-$59
FieldValueIRS element (for citing)
Capital Gain Net Income$919,062CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$13,419InvestmentIncomeExciseTaxAmt
Subtotal$13,419SubtotalAmt
Tax Based On Investment Income$13,419TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$8,114EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$8,114TotalPaymentsAndCreditsAmt
Tax Due$5,305TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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
Org Report Or Register StateTXOrgReportOrRegisterStateCd
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 Line1SALLIE A SCANLANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2143696202PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line110440 N CENTRAL EXPY STE 1280AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75231ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnYes (true)SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnYes (true)FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (true)PayCompDisqualifiedPrsnInd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
SALLIE A SCANLAN
10440 N CENTRAL EXPY STE 1280DALLASTX75231TRUSTEE8.50$0
KELLY E ROACH
10440 N CENTRAL EXPY STE 1280DALLLASTX75231TRUSTEE0.05$0
SHERIAN L MINCZEWSKI
10440 N CENTRAL EXPY STE 1280DALLASTX75231TRUSTEE0.05$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line11919 INVESTMENT COUNSELBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1640 FIFTH AVENUE 9TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10019ZIPCd
FieldValueIRS element (for citing)
Service TypeINVESTMENT ADVISORServiceTypeTxt
Compensation$66,458CompensationAmt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE FOUNDATION'S ONLY PURPOSE IS TO FUND THE EXPENSES OF THE MUSICAL DIRECTOR AND GUEST ARTISTS AT THE DALLAS SYMPHONY.Description1Txt
Expenses1$440,296Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$8,719,163AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$490,711AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$9,209,874TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$9,209,874AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$138,148CashDeemedCharitableAmt
Net Vl Noncharitable Assets$9,071,726NetVlNoncharitableAssetsAmt
Minimum Investment Return$453,586MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$453,586MinimumInvestmentReturnAmt
Tax Based On Investment Income$13,419TaxBasedOnInvestmentIncomeAmt
Total Tax$13,419TotalTaxAmt
Distributable Before Adj$440,167DistributableBeforeAdjAmt
Distributable Before Ded$440,167DistributableBeforeDedAmt
Distributable As Adjusted$440,167DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$449,756ExpensesAndContributionsAmt
Qualifying Distributions$449,756QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$440,167DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$73,695ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$29,631ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$44,316ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$39,662ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$40,414ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$227,718TotalExcessDistributionCyovAmt
Qualifying Distributions$449,756QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$440,167AppliedToCurrentYearAmt
Remaining Distri From Corpus$9,589RemainingDistriFromCorpusAmt
Total Corpus$237,307TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$73,695ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$163,612ExcessDistriCyovToNextYrAmt
Excess From Year4$29,631ExcessFromYear4Amt
Excess From Year3$44,316ExcessFromYear3Amt
Excess From Year2$39,662ExcessFromYear2Amt
Excess From Year1$40,414ExcessFromYear1Amt
Excess From Current Year$9,589ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonDALLAS SYMPHONY ASSOCRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12301 FLORA STREETAddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75201ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusN/ARecipientFoundationStatusTxt
Grant Or Contribution PurposeTO UNDERWRITE THE SALARY AND EXPENSES OF THE MUSIC DIRECTOR AND GUEST DIRECTORS OF THE DALLAS SYMPHONY.GrantOrContributionPurposeTxt
Amt$440,296Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$440,296TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$128,127ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$919,062ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,047,189ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,047,189TotalIncomeProducingActyAmt

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)
CategorySAS CPA, P.C.CategoryTxt
Amt$14,600Amt
Net Investment Income$10,220NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$4,380DisbursementsCharitablePrpsAmt

Contractor Compensation Expln ContractorCompensationExpln

Contractor Comp Expln ContractorCompExplnGrp

Contractor Business Name ContractorBusinessName

FieldValueIRS element (for citing)
Business Name Line11919 INVESTMENT COUNSELBusinessNameLine1Txt
FieldValueIRS element (for citing)
Explanation*******THE QUARTERLY FEES ARE BASED ON THE VALUE OF THE FOUNDATION'S PORTFOLIO.ExplanationTxt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENT EXPENSESDesc
Revenue And Expenses Per Books$11RevenueAndExpensesPerBooksAmt
Net Investment Income$11NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
Category19/19 ADVISORY FEESCategoryTxt
Amt$66,458Amt
Net Investment Income$66,458NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryEXCISE TAXESCategoryTxt
Amt$9,000Amt

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