2022-11-15T06:37:51-08:00 2021-12-31 990 2021-01-01 270679342 ETCF Support Foundation ETCF 9035330208 315 N Broadway Ave 210 Tyler TX 75702 Kyle Penney President 2022-11-15 Kyle Penney 999009999 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z 315 N Broadway Ave 210 Tyler TX 75702 1926675 false X www.etcf.org X 2009 TX To benefit East Texas Communities Foundation 3 2 0 2 0 159115 1197000 0 -390312 -379004 32172 49986 -199025 867982 925932 686843 0 0 0 0 27030 7845 952962 694688 -1151987 173294 3876056 4795810 0 3876056 4795810 To benefit East Texas Communities Foundation false false 694688 686843 1197000 The organization was formed to hold assets that might otherwise create a risk of liability or loss to East Texas Communities Foundation. 694688 true true false false false false false false false false false true false true false false false true false false false false false false false false false true false true false false false false false false false false true false false false true true false false true true 0 0 false 0 false false false false false false false 0 false false false false false false false X 3 2 false false false false false false false true true false false true true true true true true true true false X X X Kyle Penney 9035330208 315 N Broadway Ave Ste 210 Tyler TX 75702 Kyle Penney President 40.00 40.00 X X 0 177368 5112 Marvin L Sneed Finance Director 40.00 40.00 0 117509 3255 Craig Adams Vice President 0.00 1.00 X X 0 0 0 Gordon Northcutt Secretary 0.00 1.00 X X 0 0 0 294877 8367 0 false true false 0 1197000 1197000 1197000 0 25437 25437 0 49986 49986 0 654252 1058693 -404441 -404441 -404441 0 0 0 0 867982 -329018 686843 686843 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Investment property expense 7845 7845 0 694688 694688 0 0 52364 48024 0 0 0 0 0 0 0 0 1036683 0 0 2543896 4424936 0 0 243113 322850 3876056 4795810 0 0 X 3876056 4795810 3876056 4795810 3876056 4795810 173294 746460 X false true X true false X X 1 East Texas Communities Foundation 752309138 10 true 686843 0 1 686843 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4424936 F 4424936 Mineral Interest-JHCFsf 4482 Mineral Interest-JHSCsf 4482 Mineral Interest-Monigold 42021 Mineral Interest-Riehm 271834 Mineral Interests 32 ROUNDING -1 322850 true East Texas Communities Founda 315 N Broadway Ave Ste 210 Tyler TX 75701 752309138 686843 0 DONOR ADVISED FUND 1 0 false false false false false false false false false Kyle Penney President 164851 3500 9017 5112 182480 X 1 1197000 APPRAISAL false true true Part I, Line 32, Hire and Use of Third Parties UPON RECEIPT OF A NON-CASH ASSET, THE FOUNDATION SOMETIMES SOLICITS PROPOSALS FROM REPUTABLE THIRD PARTY PROFESSIONALS EXPERIENCED IN LIQUIDATING THE RESPECTIVE ASSETS/ASSET CLASS. THE FOUNDATION MAY OR MAY NOT THEN ENGAGE ONE OF THE THIRD PARTIES TO HANDLE THE MARKETING AND LIQUIDATION PROCESS. Statement Note 1 RECONCILIATION TO AUDITED CONSOLIDATED FINANCIAL STATEMENTSOn December 30, 2021, the Organization received a contribution of 24.5% partnership interest in Tyler Fusion Technologies LLC. While awaiting the appraisal to be completed, an estimated value of $1,250,000 was determined and recorded to the Organizations books. The appraisal value of $1,197,000 was provided to the Organization after completion and issuance of the audited consolidated financial statements, of which the Organization is included as a subsidiary. Due to materiality, the audited consolidated financial statements have not been adjusted. The Organization intends to report the decrease in value during 2022, which will adjust the asset to the appraisal value. However, since the appraisal value was available prior to filing the Form 990 for the 2021 tax year, the Organization felt it was more appropriate to report the contribution at the appraisal value. As a result, the Organization recognizes that there is a difference of $53,000 between the Form 990 return and audited financial statements with respect to the reported 2021 contributions and asset value relating to this partnership interest. This difference will be reconciled and cleared during the 2022 tax year. Form 990, Part VI, Line 11b: Form 990 Review Process A draft copy of the Form 990 is reviewed by an officer. Questions or issues are discussed via conference call. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The directors must disclose any conflict of interest on an annual basis. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The Board conducts an annual review of compensation paid and comparable salaries. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Financial statements are made available on the Foundation's website. The Foundation's governing documents, conflict of interest policy, and financial statements are made available at the Foundation's office by request. FORM 990 PART VI LINES 12-15 POLICIES ETCF SUPPORT FOUNDATION IS GOVERNED BY THE POLICIES OF EAST TEXAS COMMUNITIES FOUNDATION. ETCF-RIEHM LLC 315 N BROADWAY AVE TYLER TX 75702 383904215 Mineral Management TX 34795 274316 ETCF Support Foundation ETCF-MONIGOLD LLC 315 N BROADWAY AVE TYLER TX 75702 301011045 MINERAL MANAGEMENT TX 5207 41880 ETCF SUPPORT FOUNDATION ETCF-CARLILE LLC 315 N BROADEWAY AVE TYLER TX 75702 320598188 REAL PROPERTY MANAGEMENT TX ETCF SUPPORT FOUNDATION ETCF-HURST LLC 315 N BROADWAY AVE TYLER TX 75702 384100670 MINERAL MANAGEMENT TX ETCF SUPPORT FOUNDATION ETCF-HARRIS COMMUNITY FUND LLC 315 N BROADWAY AVE TYLER TX 75702 320585384 MINERAL MANAGEMENT TX 4171 4482 ETCF SUPPORT FOUNDATION ETCF-HARRIS SCHOLARSHIP LLC 315 N BROADWAY AVE TYLER TX 75702 320586037 MINERAL MANAGEMENT TX 4171 4482 ETCF SUPPORT FOUNDATION ETCF-SHAW LLC 315 N BROADWAY AVE TYLER TX 75703 844092841 PROPERTY MANAGEMENT TX 25126 3235266 ETCF SUPPORT FOUNDATION ETCF-DENTON LLC 315 N Broadway Ave Suite 210 Tyler TX 75702 854190630 Real Estate Management TX ETCF Support Foundation ETCF-JONES LLC 315 N Broadway Ave Suite 210 Tyler TX 75702 850652477 Real Estate Management TX 1949 37417 ETCF Support Foundation East Texas Communities Foundation 315 N Broadway Ave Ste 210 Tyler TX 75702 752309138 Manage and distribute charitable funds TX 501(c)(3) 7 N/A false false false false false false false false false false false false false false false false false false true false East Texas Communities Foundation r 686843 Cash TYLER FUSION TECHNOLOGIES LLC PO BOX 9487 TYLER TX 75711 205499445 Medical device pat. TX UNRELATED false 1197000 false false 0.24500