DOBBS FAMILY CHARITABLE TRUST: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
DOBBS FAMILY CHARITABLE TRUST (EIN 47-6684154)
Tax period
2019-01-01 to 2019-12-31
Filed
2021-02-18
IRS object ID
202140499349100709
Schema version
2019v5.0
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)
Return2021-02-18T14:47:44-08:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN582254900PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Grizzle Glenn Adams & Martin PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1281 E Franklin StreetAddressLine1Txt
CityHartwellCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30643ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN476684154EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Dobbs Family Charitable TrustBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDOBBBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line135 Music Sq EAddressLine1Txt
CityNashvilleCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37203ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLennard ChristensenPersonNm
Person TitleChairmanPersonTitleTxt
Signature2021-02-18SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBrian MetzgerPreparerPersonNm
PTINP01799744PTIN
Phone7063769665PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
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$323,485FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$45,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$7,360DividendsRevAndExpnssAmt
Dividends Net Invst Incm$6,528DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$3,823NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$234,231GrossSalesPriceAmt
Total Rev And Expnss$48,537TotalRevAndExpnssAmt
Total Net Invst Incm$6,528TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$4,252CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$2,752CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$1,500CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$1,809AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,550AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$2,327OtherProfFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$8,388TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,752TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$3,050TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$48,163ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$48,163ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$56,551TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,752TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$51,213TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$8,014ExcessRevenueOverExpensesAmt
Net Investment Income$3,776NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$21,497SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$168,972SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$168,972SavAndTempCashInvstEOYFMVAmt
Corporate Bonds BOY$315,175CorporateBondsBOYAmt
Corporate Bonds EOY$159,713CorporateBondsEOYAmt
Corporate Bonds EOYFMV$154,513CorporateBondsEOYFMVAmt
Total Assets BOY$336,672TotalAssetsBOYAmt
Total Assets EOY$328,685TotalAssetsEOYAmt
Total Assets EOYFMV$323,485TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$336,672CapitalStockBOYAmt
Capital Stock EOY$328,685CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$336,672TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$328,685TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$336,672TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$328,685TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$336,672TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$8,014ExcessRevenueOverExpensesAmt
Other Increases$27OtherIncreasesAmt
Subtotal$328,685SubtotalAmt
Tot Net Ast Or Fund Balances EOY$328,685TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Publicly Traded Securities - Long TermP2015-01-012019-12-31$149,219$155,391-$6,172-$6,172
Publicly Traded Securities - Short TermP2019-01-012019-12-31$85,012$82,663$2,349$2,349
FieldValueIRS element (for citing)
Capital Gain Net Income-$3,823CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$2,349NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$87,180AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$358,901NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.24291DistributionYr1Rt
Adjusted Qlfy Distri Yr2$31,489AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$417,615NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.07540DistributionYr2Rt
Adjusted Qlfy Distri Yr3$40,265AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$448,681NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.08974DistributionYr3Rt
Adjusted Qlfy Distri Yr4$25,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$437,173NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.05719DistributionYr4Rt
Total Distribution0.465237TotalDistributionRt
Average Distribution0.116309AverageDistributionRt
Net Vl Noncharitable Assets$304,677NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$35,437AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$38NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$35,475AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$51,213QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$38InvestmentIncomeExciseTaxAmt
Subtotal$38SubtotalAmt
Tax Based On Investment Income$38TaxBasedOnInvestmentIncomeAmt
Tax Due$38TaxDueAmt

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 StateTNOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
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 Line1Pendleton Square Trust CompanyBusinessNameLine1Txt

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line135 Music Sq E Ste 320AddressLine1Txt
CityNashvilleCityNm
State AbbreviationTNStateAbbreviationCd
ZIP372034517ZIPCd
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
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Advocacy Trust LLC
605 Chestnut St 340ChattanoogaTN37450Trustee1.00$4,252
Lennard Christensen
369 Aledo Springs CtFort WorthTX76126Chairman1.00$0
Kristi Dobbs Christensen
369 Aledo Springs CtFort WorthTX76126Director1.00$0
Stephanie Dobbs Miller
9037 Sundance TrailCrossroadsTX76227Director1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$272,489AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$36,828AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$309,317TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$309,317AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,640CashDeemedCharitableAmt
Net Vl Noncharitable Assets$304,677NetVlNoncharitableAssetsAmt
Minimum Investment Return$15,234MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$15,234MinimumInvestmentReturnAmt
Tax Based On Investment Income$38TaxBasedOnInvestmentIncomeAmt
Total Tax$38TotalTaxAmt
Distributable Before Adj$15,196DistributableBeforeAdjAmt
Distributable Before Ded$15,196DistributableBeforeDedAmt
Distributable As Adjusted$15,196DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$51,213ExpensesAndContributionsAmt
Qualifying Distributions$51,213QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$38PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$51,175AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$15,196DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$3,204ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$18,063ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$10,886ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$69,263ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$101,416TotalExcessDistributionCyovAmt
Qualifying Distributions$51,213QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$15,196AppliedToCurrentYearAmt
Remaining Distri From Corpus$36,017RemainingDistriFromCorpusAmt
Total Corpus$137,433TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$137,433ExcessDistriCyovToNextYrAmt
Excess From Year4$3,204ExcessFromYear4Amt
Excess From Year3$18,063ExcessFromYear3Amt
Excess From Year2$10,886ExcessFromYear2Amt
Excess From Year1$69,263ExcessFromYear1Amt
Excess From Current Year$36,017ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Rotary Foundation of Rotary Internationa
1560 Sherman AveEvansonIL60201PCSupport Rotary's Worldwide Charitable Project$25,000
All Saints Health Foundation
1400 Eighth AvenueFort WorthTX76104PCGeneral Charitable Purposes$2,500
Texas Health Resources Foundation
PO Box 200038ArlingtonTX76006PCGeneral Charitable Purposes$5,000
Bull-Shoals-Lakeview Rotary Foundation
PO Box 10Bull ShoalsAR72619PCSupport Rotary's Charitable Project$15,663
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$48,163TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$7,360ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$3,823ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$3,537ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,537TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonLennard ChristensenContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1369 Aledo Springs CourtAddressLine1Txt
CityFort WorthCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76126ZIPCd
FieldValueIRS element (for citing)
Total Contributions$45,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Add'l Fees$259$0$0$0
Tax Preparation Fee$1,550$0$0$1,550

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (5 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Advisorshares Newfleet Mult-Se
First Trust Tactical High Yield
First Trust Low Duration Oppor
LS Theta Fund Institutional Cl$159,713$154,513
IShares Edge U.S. Fixed Income

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
Desc2018 Transactions Posted to 2019Desc
Amt$27Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment/Management Fee-Armis AdvisersCategoryTxt
Amt$2,327Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonLennard ChristensenPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1369 Aledo Springs CtAddressLine1Txt
CityFort WorthCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76126ZIPCd

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