BETA

FURR FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
FURR FOUNDATION INC (EIN 75-2605002)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-10-13
IRS object ID
202102869349100110
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)
Return2021-10-13T09:34:58-00:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1McCURDY STEWART & SOUTHWARD PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1425 CYPRESS STREETAddressLine1Txt
CityABILENECityNm
State AbbreviationTXStateAbbreviationCd
ZIP79601ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN752605002EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE FURR FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFURRBusinessNameControlTxt
Phone8147810778PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11611 GOLIAD DRIVEAddressLine1Txt
CityARLINGTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76012ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBILL COOKPersonNm
Person TitlePRESPersonTitleTxt
Signature2021-10-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstBILLPersonFirstNm
Person LastCOOKPersonLastNm

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKRIS SOUTHWARDPreparerPersonNm
PTINP01082264PTIN
Phone3256771231PhoneNum
Preparation2021-10-13PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
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)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,346,211FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$342ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$34,861DividendsRevAndExpnssAmt
Dividends Net Invst Incm$34,861DividendsNetInvstIncmAmt
Gross Sales Price$600,000GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$35,203TotalRevAndExpnssAmt
Total Net Invst Incm$34,861TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$500LegalFeesRevAndExpnssAmt
Taxes Rev And Expnss$455TaxesRevAndExpnssAmt
Taxes Net Invst Incm$455TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$955TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$455TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$128,197ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$128,197ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$129,152TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$455TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$128,197TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$93,949ExcessRevenueOverExpensesAmt
Net Investment Income$34,406NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$50,995CashBOYAmt
Cash EOY$22,185CashEOYAmt
Cash EOYFMV$22,185CashEOYFMVAmt
Sav And Temp Cash Invst BOY$335,037SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$869,898SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$869,899SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$1,050,000USGovernmentObligationsBOYAmt
US Government Obligations EOY$450,000USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$454,127USGovtObligationsEOYFMVAmt
Total Assets BOY$1,436,032TotalAssetsBOYAmt
Total Assets EOY$1,342,083TotalAssetsEOYAmt
Total Assets EOYFMV$1,346,211TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,436,032RetainedEarningBOYAmt
Retained Earning EOY$1,342,083RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,436,032TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,342,083TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,436,032TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,342,083TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,436,032TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$93,949ExcessRevenueOverExpensesAmt
Subtotal$1,342,083SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,342,083TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmt
GOLDMAN SACKS NY CD REDEMPTION2018-05-112020-08-18$200,000$200,000
MS BANK SALT LAKE CITY UT CD REDEMPTION2018-05-112020-05-17$200,000$200,000
BMV SALT LAKE CITY UT CD REDDEMPTION2018-05-112020-05-17$200,000$200,000

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$478InvestmentIncomeExciseTaxAmt
Subtotal$478SubtotalAmt
Tax Based On Investment Income$478TaxBasedOnInvestmentIncomeAmt
Tax Due$478TaxDueAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
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 AddressGUIDESTAR.ORGWebsiteAddressTxt
Individual With BooksWILLIAM L BILL COOK JRIndividualWithBooksNm
Phone8177810778PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11611 GOLIAD DRAddressLine1Txt
CityARLINGTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP760121738ZIPCd
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
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
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
WILLIAM L COOK JR
1611 GOLIADARLINGTONTX76012PRESIDENT000.00$0
MITCH HALL
2550 CR 376ANSONTX79501DIRECTOR000.00$0
LARRY HALL
2417 FM 1750ABILENETX79602DIRECTOR000.00$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1PROVIDED SCHOLARSHIP FUNDS TO FIFTEEN UNIVERSITIES TO BE AWARDED BY THE UNIVERSITIES AND ACADEMIESDescription1Txt
Expenses1$92,763Expenses1Amt
Description2GERANAL OPERATIONS FOR PREPARATORY ACADEMYDescription2Txt
Expenses2$20,000Expenses2Amt
Description3PROVIDED EDUCATIONAL FINANCIAL SUPPORT FOR QUALIFYING STUDENTS.Description3Txt
Expenses3$6,634Expenses3Amt
Description4GENERAL OPERATIONS FOR A VOLUNTEER FIRE DEPARTMENT, A FOUNDATION, & HIGH SCHOOLDescription4Txt
Expenses4$8,800Expenses4Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,472,016AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$47,544AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,519,560TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,519,560AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$22,793CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,496,767NetVlNoncharitableAssetsAmt
Minimum Investment Return$74,838MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$74,838MinimumInvestmentReturnAmt
Tax Based On Investment Income$478TaxBasedOnInvestmentIncomeAmt
Total Tax$478TotalTaxAmt
Distributable Before Adj$74,360DistributableBeforeAdjAmt
Distributable Before Ded$74,360DistributableBeforeDedAmt
Distributable As Adjusted$74,360DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$128,197ExpensesAndContributionsAmt
Qualifying Distributions$128,197QualifyingDistributionsAmt
Adjusted Qualifying Distri$128,197AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$74,360DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$10,394ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$381,080ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$83,484ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$105,287ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$580,245TotalExcessDistributionCyovAmt
Qualifying Distributions$128,197QualifyingDistributionsAmt
Applied To Current Year$74,360AppliedToCurrentYearAmt
Remaining Distri From Corpus$53,837RemainingDistriFromCorpusAmt
Total Corpus$634,082TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$634,082ExcessDistriCyovToNextYrAmt
Excess From Year4$10,394ExcessFromYear4Amt
Excess From Year3$381,080ExcessFromYear3Amt
Excess From Year2$83,484ExcessFromYear2Amt
Excess From Year1$105,287ExcessFromYear1Amt
Excess From Current Year$53,837ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonWILLIAM L COOK JRRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11611 GOLIAD DRAddressLine1Txt
CityARLINGTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76012ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8177810778RecipientPhoneNum
Form And Info And MaterialsNAME, ADDRESS, UNIVERSITY, USE OF POTENTIAL FUNDS, BACKGROUND INFORMATIONFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (20 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
GRACE PREPARATORY ACADEMY
3300 INTERSTATE 20 WESTARLINGTONTX76017NONEPCOperating Funds$20,000
UNIVERSITY OF TEXAS OF SAN ANTONIO
1 UTSA CIRCLESAN ANTONIOTX78249NONEPCScholarships$15,763
GENERAL ASSEMBLY CORP CODING
600 CONGRESS AVENUE 4TH FLOORAUSTINTX78701NONEPCScholarships$14,500
OKLAHOMA STATE UNIVERSITY
900 NORTH PORLAND AVENUEOKLAHOMA CITYOK73107NONEPCScholarships$12,000
DALLAS BAPTIST UNIVERSITY
3000 MOUNTAIN CREEK PKWYDALLASTX75211NONEPCScholarships$8,000
SKY MATES FLIGHT ACADEMY
3240 GREAT SOUTHWEST PKWYGRAND PRAIRIETX75052NONEPCScholarships$5,000
AUSTIN COMMUNITY COLLEGE
1218 WEST AVENUEAUSTINTX78701NONEPCScholarships$4,000
HARDIN-SIMMONS UNIVERSITY
PO BOX 16000ABILENETX796986000NONEPCScholarships$4,000
SOUTHWESTERN UNIVERSITY
1001 E UNIVERSITY AVEGEORGETOWNTX78626NONEPCScholarships$4,000
uNIVERSITY OF TEXAS OF ARLINGTON
701 S NEDDERMAN DRIVEARLINGTONTX76019NONEPCScholarships$4,000
WAYLAND UNIVERSITY
1900 W 7TH STREETPLAINVIEWTX79072NONEPCScholarships$4,000
CADDO VOLUNTEER FIRE DEPARTMENT
581 CR 108CADDOTX76429NONEPCOperating Funds$3,000
EOD WARRIOR FOUNDATION
716 CRESTVIEW AVENUENICEVILLEFL32578NONEPCOperating Funds$3,000
STRAWN ISD
224 wALNUTSTRAWNTX76475NONEPCWelding Materials$2,800
MOHELA DEPT OF EDUCATION
533 SPIRIT DRIVECHESTERFIELDMO630051243NONEPCStudent Loan$6,634
TARLETON STATE UNIVERSITY
1333 WEST WASHINGTONSTEPHENVILLETX76402NONEPCScholarships$2,000
TEXAS A&M UNIVERSITY
400 BIZZELL STREETCOLLEGE STATIONTX77843NONEPCScholarships$2,000
UNIVERSITY OF ARKANSAS
1125 WEST MAPLE STREETFAYETTEVILLEAR72701NONEPCScholarships$2,000
RANGER COLLEGE
1100 COLLEGE CIRCLERANGERTX76470NONEPCScholarships$1,500
LAMAR BAPTIST UNIVERSITY
1000 W LAMAR BLVDARLINGTONTX76012NONEPCScholarships$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$128,197TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion03ExclusionCd
Exclusion$34,861ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$34,861ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$34,861TotalIncomeProducingActyAmt

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

Transfer Schedule Detail TransferScheduleDetail

Noncharitable Exempt Org Name NoncharitableExemptOrgName

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd

Accounting Fees Schedule AccountingFeesSchedule

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
Legal Fees$500LegalFeesAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINCOME TAXCategoryTxt
Amt$455Amt
Net Investment Income$455NetInvestmentIncomeAmt

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