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P AND C CARROLL FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
P AND C CARROLL FOUNDATION (EIN 45-0529796)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-05
IRS object ID
202101259349100320
Schema version
2020v4.1
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)
Return2021-05-05T10:30:31-04:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-04-21SignatureDt
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
Preparation2021-05-05PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
OOB Security Verification00OOBSecurityVerificationCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,869,303FMVAssetsEOYAmt
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$54,037DividendsRevAndExpnssAmt
Dividends Net Invst Incm$54,037DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$306,111NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,391,326GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$306,111CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$7,854NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$360,148TotalRevAndExpnssAmt
Total Net Invst Incm$360,148TotalNetInvstIncmAmt
Total Adj Net Incm$7,854TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$3,400OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$3,400OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$1,025TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,025TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$34,312OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$34,312OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$38,737TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$38,737TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$511,250ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$511,250ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$549,987TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$38,737TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$511,250TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$189,839ExcessRevenueOverExpensesAmt
Net Investment Income$321,411NetInvestmentIncomeAmt
Adjusted Net Income$7,854AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$96,320CashBOYAmt
Cash EOY$127,541CashEOYAmt
Cash EOYFMV$127,541CashEOYFMVAmt
Corporate Stock BOY$2,599,144CorporateStockBOYAmt
Corporate Stock EOY$2,378,084CorporateStockEOYAmt
Corporate Stock EOYFMV$4,741,762CorporateStockEOYFMVAmt
Total Assets BOY$2,695,464TotalAssetsBOYAmt
Total Assets EOY$2,505,625TotalAssetsEOYAmt
Total Assets EOYFMV$4,869,303TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,695,464RetainedEarningBOYAmt
Retained Earning EOY$2,505,625RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,695,464TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,505,625TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,695,464TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,505,625TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,695,464TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$189,839ExcessRevenueOverExpensesAmt
Subtotal$2,505,625SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,505,625TotNetAstOrFundBalancesEOYAmt

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
MORGAN STANLEY ACCT 823 PDF ATTACHP2020-06-302020-12-31$629$619$10
MORGAN STANLEY ACCT 823 PDF ATTACHP2019-06-302020-12-31$25,443$22,092$3,351
MORGAN STANLEY ACCT 823 PDF ATTACHP2006-05-182020-03-09$1,046$981$65
MORGAN STANLEY ACCT 824 PDF ATTACHP2020-06-302020-12-31$114,355$109,578$4,777
MORGAN STANLEY ACCT 824 PDF ATTACHEP2019-06-302020-12-31$536,528$370,649$165,879
MORGAN STANLEY ACCT 825 PDF ATTACHP2020-06-302020-12-31$82,699$79,633$3,066
MORGAN STANLEY ACCT 825 PDF ATTACHP2019-06-302020-12-31$528,908$467,440$61,468
MORGAN STANLEY ACCT PDF ATTACHP2019-06-302020-12-31$101,718$34,223$67,495
FieldValueIRS element (for citing)
Capital Gain Net Income$306,111CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$7,854NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$4,468InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$4,468SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$4,468TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$561EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$561TotalPaymentsAndCreditsAmt
Tax Due$3,907TaxDueAmt

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
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$4,511,808AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$111,930AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$4,623,738TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$4,623,738AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$69,356CashDeemedCharitableAmt
Net Vl Noncharitable Assets$4,554,382NetVlNoncharitableAssetsAmt
Minimum Investment Return$227,719MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$227,719MinimumInvestmentReturnAmt
Tax Based On Investment Income$4,468TaxBasedOnInvestmentIncomeAmt
Total Tax$4,468TotalTaxAmt
Distributable Before Adj$223,251DistributableBeforeAdjAmt
Distributable Before Ded$223,251DistributableBeforeDedAmt
Distributable As Adjusted$223,251DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$511,250ExpensesAndContributionsAmt
Qualifying Distributions$511,250QualifyingDistributionsAmt
Adjusted Qualifying Distri$511,250AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$223,251DistributableAsAdjustedAmt
Prior Year12014PriorYear1Yr
Prior Year22013PriorYear2Yr
Prior Year32012PriorYear3Yr
Excess Distribution Cyov Yr5$50,044ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$220,908ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$139,381ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$266,523ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$310,124ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$986,980TotalExcessDistributionCyovAmt
Qualifying Distributions$511,250QualifyingDistributionsAmt
Applied To Current Year$223,251AppliedToCurrentYearAmt
Remaining Distri From Corpus$287,999RemainingDistriFromCorpusAmt
Total Corpus$1,274,979TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$50,044ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,224,935ExcessDistriCyovToNextYrAmt
Excess From Year4$220,908ExcessFromYear4Amt
Excess From Year3$139,381ExcessFromYear3Amt
Excess From Year2$266,523ExcessFromYear2Amt
Excess From Year1$310,124ExcessFromYear1Amt
Excess From Current Year$287,999ExcessFromCurrentYearAmt

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$511,250Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$511,250TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$54,037ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$306,112ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$360,149ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$360,149TotalIncomeProducingActyAmt

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$145,059$321,405
PDF ATTACHED MOR STAN 141824$245,334$430,849
PDF ATTACHED MOR STAN 141825$1,987,691$3,989,508

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENT FEESDesc
Revenue And Expenses Per Books$34,312RevenueAndExpensesPerBooksAmt
Net Investment Income$34,312NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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$1,025Amt
Net Investment Income$1,025NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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