JEAN AND AL CARRELL FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
JEAN AND AL CARRELL FOUNDATION INC (EIN 46-1403244)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-09
IRS object ID
202013149349101391
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)
Return2020-11-09T15:42:32-08:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN261591347PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HOLDEN AND PARKER PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18226 DOUGLAS AVE STE 648AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP752255928ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461403244EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Jean and Al Carrell Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJEANBusinessNameControlTxt
Phone9725308821PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15714 FirecrestAddressLine1Txt
CityGarlandCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75044ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKelly DayPersonNm
Person TitlePresidentPersonTitleTxt
Signature2020-11-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKendall R HoldenPreparerPersonNm
PTINP01296859PTIN
Phone2149658544PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,411,716FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$90,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$60,026DividendsRevAndExpnssAmt
Dividends Net Invst Incm$60,026DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$67,955NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$188,291GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$67,955CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$217,981TotalRevAndExpnssAmt
Total Net Invst Incm$127,981TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$5,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$5,000AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$14,400OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$14,400OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$2,145TaxesRevAndExpnssAmt
Taxes Net Invst Incm$2,145TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$21,545TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$21,545TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$100,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$100,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$121,545TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$21,545TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$100,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$96,436ExcessRevenueOverExpensesAmt
Net Investment Income$106,436NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$115,034CashBOYAmt
Cash EOY$252,451CashEOYAmt
Cash EOYFMV$252,451CashEOYFMVAmt
Corporate Stock BOY$1,233,160CorporateStockBOYAmt
Corporate Stock EOY$1,171,990CorporateStockEOYAmt
Corporate Stock EOYFMV$2,159,265CorporateStockEOYFMVAmt
Other Assets BOY$1OtherAssetsBOYAmt
Total Assets BOY$1,348,195TotalAssetsBOYAmt
Total Assets EOY$1,424,441TotalAssetsEOYAmt
Total Assets EOYFMV$2,411,716TotalAssetsEOYFMVAmt
Accounts Payable BOY$100,000AccountsPayableBOYAmt
Accounts Payable EOY$80,000AccountsPayableEOYAmt
Total Liabilities BOY$100,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$80,000TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,248,195NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$1,248,195TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,344,441TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,348,195TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,424,441TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,248,195TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$96,436ExcessRevenueOverExpensesAmt
Other Increases$35OtherIncreasesAmt
Subtotal$1,344,666SubtotalAmt
Other Decreases$225OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,344,441TotNetAstOrFundBalancesEOYAmt

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
Texas Capital Bank STAP2019-01-012019-01-01$3,081$2,576$505$505
Texas Capital Bank LTDP2019-01-012019-01-01$185,210$117,760$67,450$67,450
FieldValueIRS element (for citing)
Capital Gain Net Income$67,955CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$100,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$2,078,908NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.04810DistributionYr1Rt
Adjusted Qlfy Distri Yr2$97,254AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,938,550NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.05017DistributionYr2Rt
Adjusted Qlfy Distri Yr3$75,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$1,377,387NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.05445DistributionYr3Rt
Adjusted Qlfy Distri Yr4$60,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,376,008NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.04360DistributionYr4Rt
Adjusted Qlfy Distri Yr5$65,708AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,403,587NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.04681DistributionYr5Rt
Total Distribution0.243139TotalDistributionRt
Average Distribution0.048628AverageDistributionRt
Net Vl Noncharitable Assets$2,137,747NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$103,954AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$1,064NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$105,018AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$100,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,129InvestmentIncomeExciseTaxAmt
Subtotal$2,129SubtotalAmt
Tax Based On Investment Income$2,129TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$1,064ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$1,064TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$45EsPenaltyAmt
Tax Due$1,110TaxDueAmt

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
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 AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Kelly Carrell DayBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9725308821PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line15714 FirecrestAddressLine1Txt
CityGarlandCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75044ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Jean F Carrell
5714 FirecrestDallasTX75044Director0.00$0
Meg Carrell Wells
3502 HarvardDallasTX75205Secretary0.00$0
Kelly Carrell Day
5714 FirecrestGarlandTX75044President0.00$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$2,092,378AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$77,924AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,170,302TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,170,302AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$32,555CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,137,747NetVlNoncharitableAssetsAmt
Minimum Investment Return$106,887MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$106,887MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,129TaxBasedOnInvestmentIncomeAmt
Total Tax$2,129TotalTaxAmt
Distributable Before Adj$104,758DistributableBeforeAdjAmt
Distributable Before Ded$104,758DistributableBeforeDedAmt
Distributable As Adjusted$104,758DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$100,000ExpensesAndContributionsAmt
Qualifying Distributions$100,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$100,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$104,758DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$6,564ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,818ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$8,382TotalExcessDistributionCyovAmt
Qualifying Distributions$100,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$100,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$4,758ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$4,758ExcessDistributionCyovAppCYAmt
Total Corpus$3,624TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$3,624ExcessDistriCyovToNextYrAmt
Excess From Year3$1,806ExcessFromYear3Amt
Excess From Year2$1,818ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJean F CarrellContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Parkinson Voice Project
646 N Coit Road Suite 2250RichardsonTX75080N/APublicGeneral Operations$20,000
Operation Kindness
3201 Earhart DrCarrolltonTX75006N/APublicGeneral Operations$25,000
Texas Scottish Rite
2222 Welborn StreetDallasTX75219N/APublicGeneral Operations$20,000
Habitat for Humanity of South Colli
1400 Summit Ave Ste D4PlanoTX75074N/APublicGeneral Operations$10,000
Patriot Paws
254 Ranch TrailRockwallTX75032N/APublicGeneral Operations$5,000
Hunt County Shared Ministries
2805 King StreetGreenvilleTX75401N/APublicGeneral Operations$10,000
Faith Presbyterian Hospice
12477 Merit DriveDallasTX75251N/APublicGeneral Operations$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$100,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$60,026ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$67,955ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$127,981ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$127,981TotalIncomeProducingActyAmt

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 PersonJean CarrellContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line15714 FirecrestAddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75044ZIPCd
FieldValueIRS element (for citing)
Total Contributions$90,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Tax and accounting fees$2,500$2,500$0$0
Tax and accounting fees$2,500$2,500$0$0

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Equities$1,027,406$2,159,265
1040 shares Home Depot Stock$144,584

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
Desc2018 Form 990-PF taxesDesc
Amt$225Amt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescReconciling DifferenceDesc
Amt$35Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryMoney ManagementCategoryTxt
Amt$14,400Amt
Net Investment Income$14,400NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryForeign TaxesCategoryTxt
Amt$2,145Amt
Net Investment Income$2,145NetInvestmentIncomeAmt

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