KIMBELL ART FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- KIMBELL ART FOUNDATION (EIN 75-6036226)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-09
- IRS object ID
- 202033149349101373
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Land Schedule2
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Sales Of Inventory List
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-09T16:00:26-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 350921680 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 N St Paul Suite 850 | AddressLine1Txt |
| City | Dallas | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75201 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 756036226 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kimbell Art Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KIMB | BusinessNameControlTxt |
| Phone | 8173366100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 301 Commerce St 2300 | AddressLine1Txt |
| City | Fort Worth | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 761024122 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Ben J Fortson | PersonNm |
| Person Title | Exec. Vice President & CIO | PersonTitleTxt |
| Signature | 2020-11-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Rachel Spurlock | PreparerPersonNm |
| PTIN | P00520729 | PTIN |
| Phone | 2147775200 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $2,808,023,958 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $4,904,025 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $355,594 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $355,594 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $355,594 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $765,469 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $765,469 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $765,469 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $10,929,469 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $19,101,875 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $10,926,322 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Gross Sales Less Ret And Allwnc | $1,915,090 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $934,629 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $980,461 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $25,099,032 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $20,622,410 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $25,099,032 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $43,034,050 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $32,669,795 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $26,220,095 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $630,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $189,700 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $189,700 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $440,300 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $7,922,745 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $287,595 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $287,595 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $7,635,150 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $1,774,936 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $84,852 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $84,852 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $1,690,084 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $280,298 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $203,885 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $203,885 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $76,413 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $104,103 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $32,449 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $32,449 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $71,654 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $627,774 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $393,059 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $393,059 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $234,715 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $2,075,799 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $0 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $0 | InterestAdjNetIncmAmt |
| Interest Dsbrs Chrtbl | $2,948,806 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $1,150,687 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $970,687 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $970,687 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $180,000 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $16,388,001 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $9,437,553 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $9,437,553 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $632,877 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $101,947 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $101,947 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $530,930 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $92,170 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $4,963 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $4,963 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $87,207 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $10,999 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $293 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Adj Net Incm | $293 | PrintingAndPubAdjNetIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $10,706 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $8,494,187 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $37,637 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $2,707,703 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $5,786,484 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $40,184,576 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $11,744,620 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $14,414,686 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $19,692,449 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $306,693 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $306,693 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $40,491,269 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $11,744,620 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $14,414,686 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $19,999,142 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,542,781 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $20,925,175 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $11,805,409 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $2,901,100 | CashBOYAmt |
| Cash EOY | $1,744,884 | CashEOYAmt |
| Cash EOYFMV | $1,744,884 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $27,453,063 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $6,932,968 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $6,932,968 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $76,127 | AcctRcvblAmt |
| Acct Rcvbl BOY | $24,668 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $76,127 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $76,127 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl BOY | $0 | PledgesRcvblBOYAmt |
| 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 | $0 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $0 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $0 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Inventories BOY | $723,356 | InventoriesBOYAmt |
| Inventories EOY | $758,781 | InventoriesEOYAmt |
| Inventories EOYFMV | $758,781 | InventoriesEOYFMVAmt |
| Prepaid Expenses BOY | $291,520 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $453,222 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $453,222 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $32,073,930 | CorporateStockBOYAmt |
| Corporate Stock EOY | $34,920,976 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $49,301,306 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $0 | CorporateBondsBOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $394,888 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $254,958 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $179,153 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $139,930 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $140,000 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $144,846,680 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $154,517,498 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $290,966,570 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $190,405,336 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $45,276,522 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $149,310,554 | LandBOYAmt |
| Land EOY | $145,128,814 | LandEOYAmt |
| Land EOYFMV | $280,332,000 | LandEOYFMVAmt |
| Other Assets BOY | $338,323,601 | OtherAssetsBOYAmt |
| Other Assets EOY | $343,482,631 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $2,177,318,100 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $696,127,625 | TotalAssetsBOYAmt |
| Total Assets EOY | $688,155,831 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $2,808,023,958 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $41,133 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $53,337 | AccountsPayableEOYAmt |
| Loans From Officers BOY | $0 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $8,000,000 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $63,835,177 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $61,308,398 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $71,876,310 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $61,361,735 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $622,854,047 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $625,025,618 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $1,397,268 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $1,768,478 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $624,251,315 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $626,794,096 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $696,127,625 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $688,155,831 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $624,251,315 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,542,781 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $626,794,096 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $626,794,096 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | DepreciationDepreciationAmt |
|---|---|---|---|---|---|---|---|---|---|
| U.S. EQUITIES | P | 2018-01-01 | 2019-12-31 | $4,966,272 | $2,897,867 | $2,068,405 | $0 | $2,068,405 | |
| HEDGE FUNDS | P | 2018-01-01 | 2019-12-31 | $11,684,177 | $3,643,678 | $8,040,499 | $0 | $8,040,499 | |
| PARTNERSHIP INVESTMENTS | P | 2018-01-01 | 2019-12-31 | $1,028,671 | $0 | $1,028,671 | $0 | $1,028,671 | |
| EXEMPT FUNCTION ASSETS | P | 2018-01-01 | 2019-12-31 | $5,441 | $664,088 | -$86,631 | $0 | -$86,631 | $572,016 |
| U.S. EQUITIES | P | 2019-01-01 | 2019-12-31 | $1,396,880 | $1,538,789 | -$141,909 | $0 | -$141,909 | |
| PARTNERSHIP INVESTMENTS | P | 2019-01-01 | 2019-12-31 | $17,287 | $0 | $17,287 | $0 | $17,287 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $10,926,322 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$124,622 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $41,898,961 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $382,424,479 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.109561 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $26,256,749 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $385,511,267 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.068109 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $24,871,799 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $376,090,570 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.066132 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $31,015,168 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $427,484,592 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.072553 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $38,949,931 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $459,435,370 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.084778 | DistributionYr5Rt |
| Total Distribution | 0.401133 | TotalDistributionRt |
| Average Distribution | 0.080227 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $334,740,367 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $26,855,215 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $209,252 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $27,064,467 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $24,276,879 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $418,504 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $418,504 | SubtotalAmt |
| Tax Based On Investment Income | $418,504 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $531,346 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $65,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $596,346 | TotalPaymentsAndCreditsAmt |
| Overpayment | $177,842 | OverpaymentAmt |
| Applied To ES Tax | $177,842 | 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 | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | TX | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.KIMBELLART.ORG | WebsiteAddressTxt |
| Individual With Books | Brenda A Cline | IndividualWithBooksNm |
| Phone | 8173366100 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 301 Commerce St Suite 2300 | AddressLine1Txt |
| City | Fort Worth | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76102 | 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 | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| 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 | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| 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 (11 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 |
|---|---|---|---|---|---|---|---|---|
| Brenda A Cline | ||||||||
| 301 Commerce St | Fort Worth | TX | 761024122 | CFO, Secr./Treas. | 30.000 | $379,400 | $37,327 | $16,837 |
| Susan R Drake | ||||||||
| 3333 Camp Bowie Blvd | Fort Worth | TX | 76107 | Dep. Dir. Fina./Admin., Asst. Secr./Treas. | 35.000 | $250,600 | $18,581 | $5,023 |
| Mrs Glenn M Darden | ||||||||
| 301 Commerce St | Fort Worth | TX | 761024122 | Director | 3.000 | $0 | $0 | $0 |
| Ms Karen Fortson Davis | ||||||||
| 301 Commerce St | Fort Worth | TX | 761024122 | Director | 3.000 | $0 | $0 | $0 |
| Mrs John L Marion | ||||||||
| 301 Commerce St | Fort Worth | TX | 761024122 | Director | 3.000 | $0 | $0 | $0 |
| Mrs Peter O Alcorn | ||||||||
| 301 Commerce St | Fort Worth | TX | 761024122 | Director | 3.000 | $0 | $0 | $0 |
| Mr Stewart L Henderson | ||||||||
| 301 Commerce St | Fort Worth | TX | 761024122 | Director | 3.000 | $0 | $0 | $0 |
| Mrs William K Burton | ||||||||
| 301 Commerce St | Fort Worth | TX | 761024122 | Director; Vice President | 8.000 | $0 | $0 | $0 |
| Mrs Mitchell S Wynne | ||||||||
| 301 Commerce St | Fort Worth | TX | 761024122 | Director; Vice Chairman, President & CEO | 20.000 | $0 | $0 | $0 |
| Mrs Ben J Fortson | ||||||||
| 301 Commerce St | Fort Worth | TX | 761024122 | Director; Chairman | 8.000 | $0 | $0 | $0 |
| Mr Ben J Fortson | ||||||||
| 301 Commerce St | Fort Worth | TX | 761024122 | Director; Exec. Vice President & CIO | 30.000 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|
| Eric M Lee | |||||||
| 3333 Camp Bowie Blvd | Fort Worth | TX | 76107 | Museum Director | 35.000 | $808,700 | $11,393 |
| George TM Shackelford | |||||||
| 3333 Camp Bowie Blvd | Fort Worth | TX | 76107 | Deputy Director | 35.000 | $380,000 | $0 |
| Claire M Barry | |||||||
| 3333 Camp Bowie Blvd | Fort Worth | TX | 76107 | Dir. of Conservation | 35.000 | $227,400 | $0 |
| Mark K Rich | |||||||
| 301 Commerce St | Fort Worth | TX | 761024122 | Dir. of Investments | 35.000 | $200,600 | $0 |
| Larry D Eubank | |||||||
| 3333 Camp Bowie Blvd | Fort Worth | TX | 76107 | Operations Manager | 35.000 | $183,600 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 37 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Humphrey & Associates Inc | |||||
| 1501 Luna Road | Carrollton | TX | 75006 | Construction Management | $1,963,706 |
| Taylor Companies Royalty Holdings I LLC | |||||
| 2777 N Stemmons Fwy Suite 1133 | Dallas | TX | 75207 | Oil & Gas Consulting | $542,880 |
| ARUP Texas Inc | |||||
| 10370 Richmond Ave Suite 475 | Houston | TX | 77042 | Architectural Engineering | $211,353 |
| Timothy Madigan | |||||
| 262 Carroll Street | Fort Worth | TX | 76107 | Author | $145,000 |
| Northern Trust | |||||
| 50 S LaSalle St | Chicago | IL | 60603 | Investment Custody Services | $118,217 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 9 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | (SEE STATEMENT) | Description1Txt |
| Expenses1 | $26,766,942 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | None | Description1Txt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $59,705,062 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,454,545 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $276,678,329 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $339,837,936 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $339,837,936 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $5,097,569 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $334,740,367 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $16,737,018 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $19,999,142 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $4,277,737 | CharitableAssetsAcquisPaidAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $24,276,879 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $24,276,879 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 1972-03-31 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $11,805,409 | CurrentYearAmt |
| Year1 | $19,121,224 | Year1Amt |
| Year2 | $13,094,084 | Year2Amt |
| Year3 | $10,470,120 | Year3Amt |
| Total | $54,490,837 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $10,034,598 | CurrentYearAmt |
| Year1 | $16,253,040 | Year1Amt |
| Year2 | $11,129,971 | Year2Amt |
| Year3 | $8,899,602 | Year3Amt |
| Total | $46,317,211 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $24,276,879 | CurrentYearAmt |
| Year1 | $42,248,499 | Year1Amt |
| Year2 | $26,256,749 | Year2Amt |
| Year3 | $24,871,799 | Year3Amt |
| Total | $117,653,926 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $306,693 | CurrentYearAmt |
| Year1 | $84,500 | Year1Amt |
| Year2 | $370,500 | Year2Amt |
| Year3 | $341,500 | Year3Amt |
| Total | $1,103,193 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $23,970,186 | CurrentYearAmt |
| Year1 | $42,163,999 | Year1Amt |
| Year2 | $25,886,249 | Year2Amt |
| Year3 | $24,530,299 | Year3Amt |
| Total | $116,550,733 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $11,158,012 | CurrentYearAmt |
| Year1 | $12,747,483 | Year1Amt |
| Year2 | $12,850,376 | Year2Amt |
| Year3 | $12,536,352 | Year3Amt |
| Total | $49,292,223 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Amon Carter Museum of American Art | |||||||
| 3501 CAMP BOWIE BLVD | FORT WORTH | TX | 76107 | NONE | PC | Capital Campaign | $209,693 |
| Fort Worth Symphony Orchestra | |||||||
| 330 E 4TH STREET STE 200 | FORT WORTH | TX | 76102 | NONE | PC | Operating Support | $3,000 |
| Texans For The Arts Foundation | |||||||
| PO BOX 4549 | AUSTIN | TX | 78765 | NONE | PC | Operating Support | $2,500 |
| Texas Christian University | |||||||
| 2800 S UNIVERSITY DRIVE | FORT WORTH | TX | 76129 | NONE | PC | Endowment Support | $45,000 |
| Texas Christian University | |||||||
| 2800 S UNIVERSITY DRIVE | FORT WORTH | TX | 76129 | NONE | PC | Operating Support | $15,000 |
| University of Texas | |||||||
| 1 UNIVERSITY STATION | AUSTIN | TX | 78712 | NONE | PC | Operating Support | $30,000 |
| Van Cliburn Foundation | |||||||
| 201 MAIN STE 100 | FORT WORTH | TX | 76102 | NONE | PC | Operating Support | $1,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $306,693 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Amon Carter Museum of American Art | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3501 CAMP BOWIE BLVD | AddressLine1Txt |
| City | FORT WORTH | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76107 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | Capital Campaign | GrantOrContributionPurposeTxt |
| Amt | $400,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $400,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $355,594 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $765,469 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 523000 | BusinessCd |
| Unrelated Business Taxbl Incm | $3,147 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $10,926,322 | ExclusionAmt |
Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 3 | ExclusionCd |
| Exclusion | $335,605 | ExclusionAmt |
| Related Or Exempt Function Incm | $644,856 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp (9 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|---|---|---|
| Membership Revenue | $3,018,277 | ||||
| Special Programs and Projects | $1,453,799 | ||||
| Conservation Revenue | $253,085 | ||||
| Other Exempt Revenue | 15 | $31,723 | |||
| Pass-through from Partnership Investments | 14 | $206,238 | 523000 | -$41,512 | |
| Mineral Interests - Royalties | 15 | $11,738,749 | |||
| Net Profit Interest - Royalties | 15 | $2,407,217 | |||
| Kimbell Royalty Operating, LLC | 15 | $6,262,813 | 523000 | -$238,750 | |
| Other Income | 18 | $7,393 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$277,115 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $33,037,123 | ExclusionAmt |
| Related Or Exempt Function Incm | $5,370,017 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $38,130,025 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 10 | Sale of Museum Shop items such as books and other materials which promote interest in various art forms to the general public and buffet food items served for the benefit of museum patrons. |
| 11a | Revenue from membership, conservation, special programs and projects related to the Foundation's exempt purpose. |
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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (24 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| Arts Council of Fort Worth | |||||||
| 1 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $64,963 | Yes (X) | |
| Mr and Mrs Edward P Bass | |||||||
| 2 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $22,340 | Yes (X) | |
| Virginia F Clay | |||||||
| 3 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $20,000 | Yes (X) | |
| Crystelle Waggoner Charitable Trust Bank of America NA Trustee | |||||||
| 4 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $75,000 | Yes (X) | |
| Carolyn Fierer and Bob Brown | |||||||
| 5 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $10,000 | Yes (X) | |
| Fort Worth Tourism Public Improvement District | |||||||
| 6 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $59,002 | Yes (X) | |
| Carol Havener | |||||||
| 7 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $5,000 | Yes (X) | |
| Heart of Neiman Marcus Foundation Fund of Communities Foundation of Texas | |||||||
| 8 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $25,000 | Yes (X) | |
| Leo Potishman Foundation JP Morgan Chase Trustee | |||||||
| 9 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $200,000 | Yes (X) | |
| Lowdon Family Foundation | |||||||
| 10 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $5,000 | Yes (X) | |
| The Lowe Foundation | |||||||
| 11 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $300,000 | Yes (X) | |
| Luther King Capital Management | |||||||
| 12 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $10,000 | Yes (X) | |
| Mary Potishman Lard Trust | |||||||
| 13 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $25,000 | Yes (X) | |
| Stacie and David McDavid | |||||||
| 14 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $10,200 | Yes (X) | |
| Mollie and Garland Lasater Fund at the North Texas Community Foundation | |||||||
| 15 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $5,000 | Yes (X) | |
| National Endowment for the Arts | |||||||
| 16 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $30,000 | Yes (X) | |
| John and Kathy Nugent | |||||||
| 17 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $10,000 | Yes (X) | |
| Virginia Clay Foundation | |||||||
| 18 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $50,000 | Yes (X) | |
| Lissa and Chip Wagner | |||||||
| 19 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $5,000 | Yes (X) | |
| Walton Family Foundation | |||||||
| 20 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $40,000 | Yes (X) | |
| Charles White | |||||||
| 21 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $5,000 | Yes (X) | |
| Worthington National Bank | |||||||
| 22 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $21,541 | Yes (X) | |
| Yland 23 | |||||||
| 23 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $5,270 | Yes (X) | |
| Gwendolyn Weiner | |||||||
| 24 | 301 Commerce Street STE 2300 | Fort Worth | TX | 76102 | $3,750,000 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 24 | ContributorNum |
| Noncash Property | UNDIVIDED 10% INTEREST IN AND TO THE LIMESTONE SCULPTURE "HEAD" BY AMEDEO MODIGLIANI | NoncashPropertyDesc |
| Fair Market Value | $3,750,000 | FairMarketValueAmt |
| Received | 2019-06-13 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting and Auditing Fees | CategoryTxt |
| Amt | $104,103 | Amt |
| Net Investment Income | $32,449 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $32,449 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $71,654 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (11 entries)
| PropertyPropertyDesc | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|---|---|---|
| Land Improvements | $12,332,991 | $2,496,122 | SL | 15.0 | $779,322 | ||
| Museum Buildings | $122,554,444 | $15,509,100 | SL | 40.0 | $3,063,861 | ||
| Building Improvements | $35,383,206 | $12,759,678 | SL | 15.0 | $2,155,724 | ||
| Leasehold Improvements | $46,434 | $11,859 | SL | 15.0 | $3,096 | ||
| Furniture & Fixtures | $6,291,847 | $4,091,686 | SL | 10.0 | $452,448 | ||
| Equipment | $2,851,732 | $1,660,191 | SL | 10.0 | $162,586 | ||
| Computer Equipment | $3,095,170 | $1,797,441 | SL | 5.0 | $333,411 | ||
| Furniture & Fixtures | $221,882 | $139,285 | SL | 7.0 | $25,799 | $25,799 | $25,799 |
| Computer Equipment | $64,660 | $44,826 | SL | 5.0 | $10,154 | $10,154 | $10,154 |
| Leasehold Improvements | $108,346 | $27,670 | SL | 15.0 | $7,223 | $7,223 | $7,223 |
| Oil & Gas Investments | $9,394,377 | $9,394,377 | $9,394,377 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)
| AssetAssetDesc | How AcquiredHowAcquiredTxt | Gross Sales PriceGrossSalesPriceAmt | BasisBasisAmt | Total NetTotalNetAmt |
|---|---|---|---|---|
| Capital Gains and Losses from Part IV | P | $19,098,728 | $8,172,406 | $10,926,322 |
| Long-term UBI Pass-through from Partnership Investments | P | $3,147 | $0 | $3,147 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| COLUMN (D) | FORM 990-PF, PART I, LINE 17 | BOOK / TAX DIFFERENCE: AMORTIZATION OF LOSS ON REFUNDING OF BOND PAYABLE -- $873,077 |
| SUMMARY OF DIRECT CHARITABLE ACTIVITIES | FORM 990-PF, PART IX-A | The Kimbell Art Foundation (the "Foundation") is a nonprofit corporation, which was incorporated in Texas in 1936. The Foundation was formed principally for the purpose of founding and maintaining, in the City of Fort Worth, Texas, an art institute to acquire by purchase, exchange, gift, and bequest paintings and other art objects for public exhibition without profit, and to purchase, erect or otherwise acquire suitable sites and structures for such purpose, and thereby to promote the study and appreciation of art. In accordance with this purpose, the Foundation owns and operates the Kimbell Art Museum (the "Museum"), located at 3333 Camp Bowie Boulevard, Fort Worth, Texas, whose permanent collections range in period from antiquity to the 20th century and include European masterpieces by artists such as Fra Angelico, Michelangelo, Caravaggio, Poussin, Velazquez, Monet, Picasso and Matisse; important collections of Egyptian and classical antiquities; and the art of Asia, Africa, and the Ancient Americas. Those collections, as well as special exhibitions, are displayed in the Museum's two buildings: the Kahn Building and the Piano Pavilion which opened in 1972 and 2013, respectively, and are each named in recognition of the design architects, Louis I. Kahn and Renzo Piano. Special exhibitions in 2019 included Bellotto: The Lure of Dresden, Monet: The Late Years, and Renoir: The Body, The Senses. The Museum also offers a wide range of educational programs and resources to enrich its visitors' experiences and enhance their understanding, appreciation, and enjoyment of the artworks and architecture on view. Those include, among others, lectures, films, family festivals, workshops, a drop-in studio, art camps, and teacher training. |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AMERICAN BEACON | $9,217,538 | $11,436,443 |
| DODGE & COX | $8,143,351 | $11,568,565 |
| LUTHER KING CAPITAL MANAGEMENT | $8,484,745 | $11,058,078 |
| FIDELITY INVESTMENTS (CONSERVATION ENDOWMENT) | $718,229 | $926,026 |
| LOOMIS, SAYLES & COMPANY, LP | $6,412,857 | $13,628,671 |
| NORTHERN TRUST SECURITIES, INC. | $1,944,256 | $683,523 |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| LEASEHOLD IMPROVEMENTS | $108,346 | $34,893 | $73,453 | $73,000 |
| EQUIPMENT | $286,542 | $220,065 | $66,477 | $67,000 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| MINERAL INTERESTS- ROYALTIES | AT COST | $33,866,151 | $124,300,000 |
| NET PROFITS INTEREST - ROYALTIES | AT COST | $161,039 | $14,000,000 |
| Kimbell Royalty Operating, LLC | AT COST | $65,737,844 | $87,552,091 |
| PARTNERSHIP INTERESTS | AT COST | $47,498,112 | $51,649,985 |
| HEDGE FUNDS | AT COST | $6,967,397 | $13,033,557 |
| DEFERRED COMPENSATION ASSETS | AT COST | $286,955 | $430,937 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| LAND | $5,098,500 | $0 | $5,098,500 | $15,990,000 |
| BUILDINGS | $170,270,642 | $36,763,807 | $133,506,835 | $260,570,000 |
| LEASEHOLD IMPROVEMENTS | $46,434 | $14,954 | $31,480 | $31,000 |
| EQUIPMENT | $12,238,748 | $8,497,761 | $3,740,987 | $3,741,000 |
| Other | $2,751,012 | $0 | $2,751,012 | $0 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $280,298 | LegalFeesAmt |
| Net Investment Income | $203,885 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $203,885 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $76,413 | DisbursementsCharitablePrpsAmt |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mortgage | $8,000,000 | MortgageAmt |
Note Payable NotePayableGrp
Lender Name LenderNameGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Frost Bank | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Insider Relationship | None | InsiderRelationshipTxt |
| Balance Due | $0 | BalanceDueAmt |
| Note | 2018-08 | NoteDt |
| Loan Maturity | 2021-08 | LoanMaturityDt |
| Repayment Terms | Interest paid monthly | RepaymentTermsTxt |
| Security Provided Borrower | Unsecured | SecurityProvidedBorrowerTxt |
| Loan Purpose | Line of Credit | LoanPurposeTxt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (9 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PAINTINGS | $245,286,157 | $246,651,566 | $1,902,162,000 |
| SCULPTURES | $80,879,894 | $84,629,894 | $248,575,000 |
| DRAWINGS & PRINTS | $595,276 | $595,276 | $5,761,000 |
| CERAMICS, LACQUERS & MOSAICS | $6,667,836 | $6,667,836 | $12,227,000 |
| LIBRARY | $2,556,404 | $2,600,025 | $2,600,000 |
| SCROLLS & SCREENS | $2,057,487 | $2,057,487 | $5,713,000 |
| SEALS | $170,000 | $170,000 | $170,000 |
| FRAMES | $82,447 | $82,447 | $82,000 |
| MEMBERSHIPS | $28,100 | $28,100 | $28,100 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Special Programs and Projects | $5,039,126 | $0 | $1,706,884 | $3,332,242 |
| Membership Expenses | $963,182 | $0 | $963,182 | $0 |
| Insurance | $663,829 | $0 | $0 | $663,829 |
| Repair and Maintenance | $1,149,913 | $250 | $250 | $1,149,663 |
| Administrative Costs | $678,137 | $37,387 | $37,387 | $640,750 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Membership Revenue | $3,018,277 | $3,018,277 | |
| Special Programs and Projects | $1,453,799 | $1,453,799 | |
| Conservation Revenue | $253,085 | $253,085 | |
| Other Exempt Revenue | $31,723 | $31,723 | |
| Pass-through from Partnership Investments | $164,726 | $164,726 | $206,238 |
| Mineral Interests - Royalties | $11,738,749 | $11,738,749 | $11,738,749 |
| Net Profit Interest - Royalties | $2,407,217 | $2,407,217 | $2,407,217 |
| Kimbell Royalty Operating, LLC | $6,024,063 | $6,024,063 | $6,262,813 |
| Other Income | $7,393 | $7,393 | $7,393 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| BONDS PAYABLE | $63,735,177 | $61,226,963 |
| OBLIGATIONS FOR PURCHASE OF ART | $100,000 | $0 |
| INVESTMENT PURCHASES PAYABLE | $0 | $81,435 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Investment Management Fees | $393,059 | $393,059 | $393,059 | $0 |
| Other Fees | $234,715 | $0 | $0 | $234,715 |
Sales Of Inventory List SalesOfInventoryList
Inventory Sale InventorySaleGrp (2 entries)
| CategoryCategoryTxt | Gross SalesGrossSalesAmt | Cost Of Goods SoldCostOfGoodsSoldAmt | NetNetAmt |
|---|---|---|---|
| Museum Shop | $1,454,449 | $682,418 | $644,856 |
| Buffet | $587,973 | $252,211 | $335,605 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Ad Valorem Taxes | $359,990 | $359,990 | $359,990 | $0 |
| Production Taxes | $610,697 | $610,697 | $610,697 | $0 |
| Federal Excise Taxes | $180,000 | $0 | $0 | $180,000 |
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