TOWN BRANCH FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- TOWN BRANCH FOUNDATION (EIN 82-3575662)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-09
- IRS object ID
- 202143139349102814
- Schema version
- 2020v4.0
- 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
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Expenditure Responsibility Stmt
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Notes Loans Rcvbl Long Sch
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-09T16:30:38-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 621665434 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WALTON ENTERPRISES LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1860 | AddressLine1Txt |
| City | BENTONVILLE | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72712 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 823575662 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Town Branch Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TOWN | BusinessNameControlTxt |
| Phone | 4794641570 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1860 | AddressLine1Txt |
| City | BENTONVILLE | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 71712 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BUDDY D PHILPOT | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Signature | 2021-11-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | BUDDY D | PersonFirstNm |
| Person Last | PHILPOT | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KENT C CROUCH | PreparerPersonNm |
| PTIN | P00810750 | PTIN |
| Phone | 4794641500 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $618,468,823 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Dividends Rev And Expnss | $11,298,721 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $11,298,721 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $17,641 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $17,641 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $17,641 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $3,623,007 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $95,184,879 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,623,007 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $0 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $234,083 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $234,083 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $15,173,452 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $15,173,452 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $22,931 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $22,931 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $2,533 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $2,533 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $789,187 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $374,962 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $414,225 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $0 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $0 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $789,944 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $621,253 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $18,691 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $37,799 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Trav Conf Meeting Rev And Expnss | $76 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $76 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $3,894 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $3 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $3,891 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,646,364 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $998,751 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $459,814 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $14,142,040 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $14,142,040 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $15,788,404 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $998,751 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $14,601,854 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$614,952 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $14,174,701 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $191,795 | CashBOYAmt |
| Cash EOY | $204,730 | CashEOYAmt |
| Cash EOYFMV | $204,730 | CashEOYFMVAmt |
| Acct Rcvbl | $0 | AcctRcvblAmt |
| Acct Rcvbl BOY | $124,617 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $0 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $0 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl EOY | $0 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $0 | PledgesRcvblEOYFMVAmt |
| Rcvbl From Officers BOY | $0 | RcvblFromOfficersBOYAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Rcvbl From Officers EOYFMV | $0 | RcvblFromOfficersEOYFMVAmt |
| Other Nts And Loans Rcvbl | $33,337 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $400,000 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $33,337 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $33,337 | OtherNtsAndLoansRcvblEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $0 | CorporateStockBOYAmt |
| Corporate Stock EOY | $0 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $0 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $0 | CorporateBondsBOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $0 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $0 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $0 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOYFMV | $0 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $499,028,950 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $491,266,538 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $607,076,446 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $11,184,524 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $37,800 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $3,520,919 | LandBOYAmt |
| Land EOY | $11,146,724 | LandEOYAmt |
| Land EOYFMV | $11,150,517 | LandEOYFMVAmt |
| Other Assets BOY | $3,793 | OtherAssetsBOYAmt |
| Other Assets EOY | $3,793 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $3,793 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $503,270,074 | TotalAssetsBOYAmt |
| Total Assets EOY | $502,655,122 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $618,468,823 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $0 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $0 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Retained Earning BOY | $503,270,074 | RetainedEarningBOYAmt |
| Retained Earning EOY | $502,655,122 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $503,270,074 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $502,655,122 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $503,270,074 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $502,655,122 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $503,270,074 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$614,952 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $502,655,122 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $502,655,122 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| Northern Trust Cash Account | P | $47,000,015 | $45,945,551 | $1,054,464 | $0 | $1,054,464 |
| Northern EAFE Account | P | $24,566,988 | $23,846,494 | $720,494 | $0 | $720,494 |
| Northern R1000 Account | P | $21,590,283 | $20,270,591 | $1,319,692 | $0 | $1,319,692 |
| NT Cash Equitization Account | P | $2,027,593 | $1,499,236 | $528,357 | $0 | $528,357 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,623,007 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $0 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $197,028 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $197,028 | SubtotalAmt |
| Tax Based On Investment Income | $197,028 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $243,704 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $243,704 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $46,676 | OverpaymentAmt |
| Applied To ES Tax | $46,676 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Org Report Or Register State | AR | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Individual With Books | TIM KEITH | IndividualWithBooksNm |
| Phone | 4794641570 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1860 | AddressLine1Txt |
| City | BENTONVILLE | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72712 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Robert A Smith | ||||||||
| PO BOX 1860 | BENTONVILLE | AR | 71712 | TREASURER | 2.000 | $0 | $0 | $0 |
| BUDDY D PHILPOT | ||||||||
| PO BOX 1860 | BENTONVILLE | AR | 71712 | SECRETARY | 2.000 | $0 | $0 | $0 |
| JIM C WALTON | ||||||||
| PO BOX 1860 | BENTONVILLE | AR | 71712 | DIRECTOR CO-PRESIDENT | 2.000 | $0 | $0 | $0 |
| Lynne Walton | ||||||||
| PO BOX 1860 | BENTONVILLE | AR | 71712 | DIRECTOR CO-PRESIDENT | 2.000 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| WALTON ENTERPRISES LLC | |||||
| PO BOX 2030 | BENTONVILLE | AR | 72712 | MANAGEMENT SERVICES | $566,659 |
| NORTHERN TRUST | |||||
| 50 SOUTH LASALLE STREET | CHICAGO | IL | 60603 | INVESTMENTS | $165,068 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $504,399,057 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $29,790,672 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $534,189,729 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $534,189,729 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $8,012,846 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $526,176,883 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $26,308,844 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $26,308,844 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $197,028 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $197,028 | TotalTaxAmt |
| Distributable Before Adj | $26,111,816 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $366,663 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $26,478,479 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $26,478,479 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $14,601,854 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $7,663,605 | CharitableAssetsAcquisPaidAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $22,265,459 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $22,265,459 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $26,478,479 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $6,925,387 | UndistributedIncomePYAmt |
| Prior Year3 | 2016 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $0 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $0 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $0 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $0 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $22,265,459 | QualifyingDistributionsAmt |
| Applied To Year1 | $6,925,387 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $15,340,072 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $11,138,407 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $0 | ExcessFromYear4Amt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $0 | ExcessFromYear2Amt |
| Excess From Year1 | $0 | ExcessFromYear1Amt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JIM C WALTON | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (21 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| American Enterprise Institute for Public Policy Research | |||||||
| 1789 Massachusetts Avenue | NW Washington | DC | 20036 | PC | General Operating Support | $100,000 | |
| Arkansas Childrens Foundation | |||||||
| 1 Childrens Way | Little Rock | AR | 72202 | PC | Injury Prevention Campaign | $5,000 | |
| Cato Institute | |||||||
| 1000 Massachusetts Avenue | NW Washington | DC | 20001 | PC | General Operating Support | $75,000 | |
| Centers for Youth and Families Inc | |||||||
| P O Box 251970 | Little Rock | AR | 72225 | PC | Residential children's treatment program | $15,500 | |
| City Connections Inc | |||||||
| 2418 Forest Creek Drive | Little Rock | AR | 72211 | PC | Networking nonprofits | $5,000 | |
| Cookson Hills Christian School Inc | |||||||
| 60416 Highway 10 | Kansas | OK | 74347 | PC | General Operating Support | $40,000 | |
| Crystal Bridges Museum of American Art Inc | |||||||
| 600 Museum Way | Bentonville | AR | 72712 | PC | The Momentary Endowment | $11,500,000 | |
| Exodus Life | |||||||
| 3700A W 65th Street | Little Rock | AR | 72209 | PC | The Exodus Project | $12,000 | |
| Grayson County College Foundation | |||||||
| 6101 Grayson Drive | Denison | TX | 75020 | PC | Manufacturing programs | $9,375 | |
| Grayson County Shelter | |||||||
| 331 W Morton | Denison | TX | 75020 | PC | Shelter and food for the homeless | $9,375 | |
| Habitat for Humanity of Grayson County | |||||||
| 901 N Grand Avenue | Sherman | TX | 75090 | PC | Build homes for families in need | $9,375 | |
| Heritage Foundation | |||||||
| 214 Massachusetts Ave | NE Washington | DC | 20002 | PC | General Operating Support | $5,000 | |
| Home Hospice of Grayson County | |||||||
| 505 W Center Street | Sherman | TX | 75090 | PC | Specialized care for the terminally ill | $9,375 | |
| Institute for Humane Studies | |||||||
| George Mason University Vernon Smit | Arlington | VA | 22201 | PC | General Operating Support | $40,000 | h Hall 1st FL 3434 Washington Blvd |
| National Tax Limitation Foundation | |||||||
| 1700 Eureka Rd Ste 150-A | Roseville | CA | 95661 | PC | General Operating Support | $1,000 | |
| NWA Trailblazers | |||||||
| PO Box 2821 | Bentonville | AR | 72712 | PC | Slaughter Pen Parking NW A Street | $75,000 | |
| Redside Foundation Inc | |||||||
| PO Box 8737 | Boise | ID | 83707 | PC | General Operating Support | $10,000 | |
| Texas A&M University-Kingsville | |||||||
| 700 University MSC 218 | Kingsville | TX | 78363 | GOV | 2020 Caesar Kleberg Wildlife Research Institute and Invasive Grasses Research | $5,000 | |
| The Board of Trustees of the Leland Stanford Junior University | |||||||
| Development Services PO Box 20466 | Stanford | CA | 94309 | PC | Support for the Hoover Institution | $10,000 | |
| The Peel Compton Foundation | |||||||
| 312 N Main Street | Bentonville | AR | 72712 | POF | General Operating Support | $2,066,040 | |
| The Peel Compton Foundation | |||||||
| 312 N Main Street | Bentonville | AR | 72712 | POF | Buffalo River Documentary | $140,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $14,142,040 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $11,298,721 | ExclusionAmt |
Net Rental Income Personal Prop NetRentalIncomePersonalPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $17,641 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $234,083 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $3,623,007 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $15,173,452 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $15,173,452 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | nt - Accounting fees | CategoryTxt |
| Amt | $2,533 | Amt |
| Net Investment Income | $2,533 | NetInvestmentIncomeAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (17 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Computation MethodComputationMethodTxt | Current Year ExpenseCurrentYearExpenseAmt |
|---|---|---|---|---|
| Speakers and Amplifiers | 2020-06-19 | $4,161 | 200DB | $173 |
| Network System | 2020-07-10 | $5,625 | 200DB | $234 |
| Refrigerator, Freezer | 2020-07-10 | $14,069 | 200DB | $586 |
| Kitchen Tables, Shelves, Carts | 2020-08-14 | $13,162 | 200DB | $548 |
| Paging and Bell Cables | 2020-09-04 | $3,658 | 200DB | $152 |
| Installation Server and Network | 2020-09-04 | $15,125 | 200DB | $630 |
| Video Surveillance | 2020-09-04 | $3,135 | 200DB | $131 |
| Work Table | 2020-10-02 | $907 | 200DB | $38 |
| Stools, Wastebaskets, Bullentin Boards | 2020-10-02 | $9,313 | 200DB | $388 |
| Phone Systems | 2020-10-30 | $5,625 | 200DB | $234 |
| Servers, Networks, and Licenses | 2020-06-19 | $42,761 | 200DB | $1,782 |
| Cameras, Licenses, Surveillance | 2020-06-19 | $11,182 | 200DB | $466 |
| Chromebooks | 2020-09-04 | $29,158 | 200DB | $2,430 |
| 12600 N Kelley Ave | 2020-06-10 | $1,980,000 | NRP | $24,750 |
| 12600 N Kelley Ave | 2020-06-10 | $2,004 | NRP | $25 |
| 1501 W 73rd Avenue PB | 2020-06-15 | $414,000 | NRP | $5,175 |
| 1501 W 73rd Avenue PB | 2020-06-15 | $4,539 | NRP | $57 |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | VerificationVerificationDt | Results Of VerificationResultsOfVerificationTxt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| The Peel Compton Foundation | |||||||||||
| 312 North Main Street | Bentonville | AR | 72712 | 2020-01-13 | $2,066,040 | To support the general operations of The Peel Compton Foundation | $2,066,040 | None | 8/13/2021 | 2021-08-13 | THE GRANTEE HAS PROVIDED THE FOUNDATION WITH THE REQUIRED REPORTS. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT; THEREFORE, NO FURTHER VERIFIICATION BY THE FOUNDATION IS DEEMED NECESSARY. |
| The Peel Compton Foundation | |||||||||||
| 312 N Main Street | Bentonville | AR | 72712 | 2020-10-16 | $140,000 | To support Peel Compton Foundation's participation with the Ozark Society Foundation to produce a conservation history of the Buffalo River. | $140,000 | None | 08/12/2021 | 2021-08-12 | THE GRANTEE HAS PROVIDED THE FOUNDATION WITH THE REQUIRED REPORTS. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT; THEREFORE, NO FURTHER VERIFIICATION BY THE FOUNDATION IS DEEMED NECESSARY. |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Northern Trust Account | AT COST | $207,334,151 | $235,844,729 |
| Northern EAFE Account | AT COST | $163,910,191 | $201,549,045 |
| Northern R1000 Account | AT COST | $107,147,703 | $156,807,262 |
| Northern Cash Equitization | AT COST | $12,874,493 | $12,875,410 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (20 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Land | $4,663,329 | $0 | $4,663,329 | $4,663,329 |
| Construction in Progress | $2,428,964 | $0 | $2,428,964 | $2,432,757 |
| Buildings | $1,533,807 | $0 | $1,533,807 | $1,533,807 |
| Speakers and Amplifiers | $4,161 | $174 | $3,987 | $3,988 |
| Network System | $5,625 | $234 | $5,391 | $5,391 |
| Refrigerator, Freezer | $14,069 | $586 | $13,483 | $13,483 |
| Kitchen Tables, Shelves, Carts | $13,162 | $548 | $12,614 | $12,614 |
| Paging and Bell Cables | $3,658 | $152 | $3,506 | $3,505 |
| Installation Server and Network | $15,125 | $630 | $14,495 | $14,495 |
| Video Surveillance | $3,135 | $131 | $3,004 | $3,004 |
| Work Table | $907 | $38 | $869 | $869 |
| Stools, Wastebaskets, Bullentin Boards | $9,313 | $388 | $8,925 | $8,925 |
| Phone Systems | $5,625 | $234 | $5,391 | $5,391 |
| Servers, Networks, and Licenses | $42,761 | $1,782 | $40,979 | $40,979 |
| Cameras, Licenses, Surveillance | $11,182 | $466 | $10,716 | $10,716 |
| Chromebooks | $29,158 | $2,430 | $26,728 | $26,728 |
| 12600 N Kelley Ave Purchase | $1,980,000 | $24,750 | $1,955,250 | $1,955,250 |
| 12600 N Kelley Ave Purchase | $2,004 | $25 | $1,979 | $1,979 |
| 1501 W 73rd Avenue PB Purchase | $414,000 | $5,175 | $408,825 | $408,825 |
| 1501 W 73rd Avenue PB Purchase | $4,539 | $57 | $4,482 | $4,482 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $22,931 | LegalFeesAmt |
| Disbursements Charitable Prps | $22,931 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEPOSITS | Desc |
| BOY Book Value | $3,793 | BOYBookValueAmt |
| EOY Book Value | $3,793 | EOYBookValueAmt |
| EOYFMV | $3,793 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| CORPORATE AGENT FEES | $765 | $765 | |
| DELAWARE FRANCHISE TAX | $625 | $625 | |
| INSURANCE | $1,057 | $1,057 | |
| PASS THRU - OTHER DEDUCTIONS | $3 | $3 | |
| POSTAGE | $135 | $135 | |
| REPAIRS AND MAINTENANCE | $350 | $350 | |
| Utilities | $959 | $959 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Income | Desc |
| Revenue And Expenses Per Books | $234,083 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $234,083 | NetInvestmentIncomeAmt |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp
Borrower Name BorrowerNameGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Academy of Seminole (2019-12) | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Insider Relationship | None | InsiderRelationshipTxt |
| Loan Original | $400,000 | LoanOriginalAmt |
| Balance Due | $33,337 | BalanceDueAmt |
| Note | 2019-09 | NoteDt |
| Loan Maturity | 2021-01 | LoanMaturityDt |
| Repayment Terms | $33,333 per month beginning 1/1/2020 until repaid | RepaymentTermsTxt |
| Interest | 0.0 | InterestRt |
| Security Provided Borrower | None | SecurityProvidedBorrowerTxt |
| Loan Purpose | Charter School Support | LoanPurposeTxt |
| Lender Consideration | Cash | LenderConsiderationDesc |
| Consideration FMV | $33,337 | ConsiderationFMVAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | $374,962 | $374,962 | |
| MANAGEMENT FEES | $356,765 | $356,765 | |
| CONSULTING FEES | $57,460 | $57,460 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EXCISE TAX | $150,000 | ||
| NT- FOREIGN TAXES | $621,253 | $621,253 | |
| PROPERTY TAXES | $18,691 | $18,691 |
Comments