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P AND C CARROLL FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
P AND C CARROLL FOUNDATION (EIN 45-0529796)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-03-23
IRS object ID
202240829349100114
Schema version
2021v4.1
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)
Return2022-03-23T14:14:26-04:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN453113602PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Britton & Associates CPAs PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line19660 Hillcroft Suite 240AddressLine1Txt
CityHOUSTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77096ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN450529796EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE P AND C CARROLL FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPANDBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line19660 HILLCROFT STE 240AddressLine1Txt
CityHOUSTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77096ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHARLENE P CARROLLPersonNm
Person TitleSECRETARY AS NEPersonTitleTxt
Phone7132835200PhoneNum
Signature2022-03-18SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCHARLENEPersonFirstNm
Person LastCARROLLPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMarvin Lynn BrittonPreparerPersonNm
PTINP01351802PTIN
Phone7132835200PhoneNum
Preparation2022-03-23PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
OOB Security Verification00OOBSecurityVerificationCd
Authentication Assurance LevelAAL2AuthenticationAssuranceLevelCd
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$5,021,090FMVAssetsEOYAmt
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$42,919DividendsRevAndExpnssAmt
Dividends Net Invst Incm$42,919DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$662,158NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,909,010GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$662,158CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$46,103NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$705,077TotalRevAndExpnssAmt
Total Net Invst Incm$705,077TotalNetInvstIncmAmt
Total Adj Net Incm$46,103TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$3,400OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$3,400OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$606TaxesRevAndExpnssAmt
Taxes Net Invst Incm$606TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$49,481OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$49,481OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$53,487TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$53,487TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$681,895ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$681,895ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$735,382TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$53,487TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$681,895TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$30,305ExcessRevenueOverExpensesAmt
Net Investment Income$651,590NetInvestmentIncomeAmt
Adjusted Net Income$46,103AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$127,541CashBOYAmt
Cash EOY$102,334CashEOYAmt
Cash EOYFMV$102,334CashEOYFMVAmt
Corporate Stock BOY$2,378,084CorporateStockBOYAmt
Corporate Stock EOY$2,367,042CorporateStockEOYAmt
Corporate Stock EOYFMV$4,918,756CorporateStockEOYFMVAmt
Total Assets BOY$2,505,625TotalAssetsBOYAmt
Total Assets EOY$2,469,376TotalAssetsEOYAmt
Total Assets EOYFMV$5,021,090TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,505,625RetainedEarningBOYAmt
Retained Earning EOY$2,469,376RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,505,625TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,469,376TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,505,625TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,469,376TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,505,625TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$30,305ExcessRevenueOverExpensesAmt
Other Increases$197OtherIncreasesAmt
Subtotal$2,475,517SubtotalAmt
Other Decreases$6,141OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$2,469,376TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmt
MS ACCT 823 ST COV PDF ATTACHEDP2021-06-302021-12-31$233,004$231,742$1,262
MS ACCT 823 LT COV PDF ATTACHEDP2020-06-302021-12-31$121,058$49,289$71,769
MS ACCT 823 LT NON COV PDF ATTACHEDP2020-06-302021-12-31$562$167$395
MS ACCT 824 ST COV PDF ATTACHEDP2021-06-302021-12-31$34,861$31,772$3,089
MS ACCT 824 LT COV PDF ATTACHEDP2020-06-302021-12-31$109,903$65,459$44,444
MS ACCT 825 ST COV PDF ATTACHEDP2021-06-302021-12-31$217,646$175,894$41,752
MS ACCT 825 LT COV PDF ATTACHEDP2020-06-302021-12-31$1,151,004$681,856$469,148
MS ACCT 825 LT NONC PDF ATTACHEDP2020-06-302021-12-31$40,972$10,673$30,299
FieldValueIRS element (for citing)
Capital Gain Net Income$662,158CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$46,103NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$9,057InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$9,057SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$9,057TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,234EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,234TotalPaymentsAndCreditsAmt
Tax Due$6,823TaxDueAmt

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
Individual With BooksBRITTON ASSOCIATES CPAS PLLCIndividualWithBooksNm
Phone7132835200PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line19660 HILLCROFT SUITE 240AddressLine1Txt
CityHOUSTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77096ZIPCd
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
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

FieldValueIRS element (for citing)
PersonCHARLENE P CARROLLPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line19660 HILLCROFTAddressLine1Txt
CityHOUSTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77096ZIPCd
FieldValueIRS element (for citing)
TitleSEC AS NEEDEDTitleTxt
Average Hrs Per Wk Devoted To Pos0.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1PLEASE NOTE THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES ITS PURPOSE IS TO SUPPPORT BY CONTRIBUTIONS OTHER 501 C 3 ORGANIZDescription1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$4,830,259AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$114,937AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$4,945,196TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$4,945,196AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$74,178CashDeemedCharitableAmt
Net Vl Noncharitable Assets$4,871,018NetVlNoncharitableAssetsAmt
Minimum Investment Return$243,551MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$243,551MinimumInvestmentReturnAmt
Tax Based On Investment Income$9,057TaxBasedOnInvestmentIncomeAmt
Total Tax$9,057TotalTaxAmt
Distributable Before Adj$234,494DistributableBeforeAdjAmt
Distributable Before Ded$234,494DistributableBeforeDedAmt
Distributable As Adjusted$234,494DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$681,895ExpensesAndContributionsAmt
Qualifying Distributions$681,895QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$234,494DistributableAsAdjustedAmt
Prior Year12014PriorYear1Yr
Prior Year22013PriorYear2Yr
Prior Year32012PriorYear3Yr
Excess Distribution Cyov Yr5$220,908ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$139,381ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$266,523ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$310,124ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$287,999ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,224,935TotalExcessDistributionCyovAmt
Qualifying Distributions$681,895QualifyingDistributionsAmt
Applied To Current Year$234,494AppliedToCurrentYearAmt
Remaining Distri From Corpus$447,401RemainingDistriFromCorpusAmt
Total Corpus$1,672,336TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$220,908ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,451,428ExcessDistriCyovToNextYrAmt
Excess From Year4$139,381ExcessFromYear4Amt
Excess From Year3$266,523ExcessFromYear3Amt
Excess From Year2$310,124ExcessFromYear2Amt
Excess From Year1$287,999ExcessFromYear1Amt
Excess From Current Year$447,401ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerPHILLIP J CARROLL JRContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonPDF ATTACHEDRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PDF ATTACHEDAddressLine1Txt
CityHoustonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77096ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeCHARITYGrantOrContributionPurposeTxt
Amt$681,895Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$681,895TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$42,919ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$662,159ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$705,078ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$705,078TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
PDF ATTACHED MOR STAN 141823$120,679$293,904
PDF ATTACHED MOR STAN 141824$201,213$405,335
PDF ATTACHED MOR STAN 141825$2,045,150$4,219,517

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
Desc2020 FEDERAL INCOME TAXDesc
Amt$6,141Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENT FEESDesc
Revenue And Expenses Per Books$49,481RevenueAndExpensesPerBooksAmt
Net Investment Income$49,481NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescCHANGE IN ASSETSDesc
Amt$197Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryTAX RETURN PREP FEESCategoryTxt
Amt$3,400Amt
Net Investment Income$3,400NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$606Amt
Net Investment Income$606NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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