THE POWELL FOUNDATION: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- THE POWELL FOUNDATION (EIN 74-6104592)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-05-01
- IRS object ID
- 201921219349100417
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-05-01T09:44:45-07:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 760269860 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Blazek & Vetterling | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 Weslayan Suite 200 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 770275132 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 746104592 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Powell Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | POWE | BusinessNameControlTxt |
| Phone | 7135237557 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 Kirby Drive | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77019 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Katherine Osborne Valdez | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2019-05-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jody Blazek | PreparerPersonNm |
| PTIN | P00072674 | PTIN |
| Phone | 7134395739 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $206,857,206 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $5,058,205 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $5,058,205 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,936,926 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $12,081,263 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,936,926 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $7,995,131 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $7,995,131 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $75,250 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $9,030 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $66,220 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $412,062 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $20,603 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $392,179 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $98,319 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $5,424 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $93,238 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $6,576 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $6,576 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $8,038 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $3,102 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $4,936 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $367,146 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $366,246 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $900 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $249,554 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $175,592 | TaxesNetInvstIncmAmt |
| Occupancy Rev And Expnss | $37,500 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $1,875 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $42,920 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $36,400 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $1,764 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $34,580 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $39,972 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $15,301 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $31,171 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,330,817 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $598,937 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $672,720 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $7,711,294 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $7,911,294 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $9,042,111 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $598,937 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $8,584,014 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,046,980 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $7,396,194 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $988,783 | CashBOYAmt |
| Cash EOY | $1,455,275 | CashEOYAmt |
| Cash EOYFMV | $1,455,275 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,572,622 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $244,443 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $244,443 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $66,027 | AcctRcvblAmt |
| Acct Rcvbl BOY | $40,307 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $66,027 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $66,027 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $310 | PrepaidExpensesBOYAmt |
| US Government Obligations BOY | $3,784,788 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $3,636,548 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $3,636,548 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $217,126,656 | CorporateStockBOYAmt |
| Corporate Stock EOY | $193,645,412 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $193,645,412 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $8,138,404 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $7,809,501 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $7,809,501 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $231,651,870 | TotalAssetsBOYAmt |
| Total Assets EOY | $206,857,206 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $206,857,206 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $22,211 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $1 | AccountsPayableEOYAmt |
| Grants Payable BOY | $400,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $200,000 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $422,211 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $200,001 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $231,229,659 | UnrestrictedBOYAmt |
| Unrestricted EOY | $206,657,205 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $231,229,659 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $206,657,205 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $231,651,870 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $206,857,206 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $231,229,659 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,046,980 | ExcessRevenueOverExpensesAmt |
| Subtotal | $230,182,679 | SubtotalAmt |
| Other Decreases | $23,525,474 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $206,657,205 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly traded securities | PropertyDesc |
| Gross Sales Price | $12,081,263 | GrossSalesPriceAmt |
| Cost Or Other Basis | $9,144,337 | CostOrOtherBasisAmt |
| Gain Or Loss | $2,936,926 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $2,936,926 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,936,926 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $6,837,633 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $194,158,987 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.03522 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,901,852 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $138,733,720 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.01371 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,489,444 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $31,093,968 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.04790 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,363,062 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $30,660,751 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.04446 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,220,731 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $27,517,329 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.04436 | DistributionYr5Rt |
| Total Distribution | 0.185645 | TotalDistributionRt |
| Average Distribution | 0.037129 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $225,842,192 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $8,385,295 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $73,962 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $8,459,257 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $8,584,014 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $73,962 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $73,962 | SubtotalAmt |
| Tax Based On Investment Income | $73,962 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $117,000 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $117,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $43,038 | OverpaymentAmt |
| Applied To ES Tax | $43,038 | AppliedToESTaxAmt |
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 |
| Form990 T Filed | false | 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 | 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 |
| Website Address | www.powellfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Caroline Sabin | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7135237557 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 Kirby Drive 1011 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77019 | 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 |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | false | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (12 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt |
|---|---|---|---|---|---|---|---|
| Katherine Osborne Valdez | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | President/Dir | 20.00 | $75,250 | $1,505 |
| Ben H Powell V | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | VP/Treas/Dir | 3.00 | $0 | |
| Albert S Tabor | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | VP/Sec/Dir | 3.00 | $0 | |
| Harvin C Moore IV | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Treasurer/Dir | 2.00 | $0 | |
| Charles F Caldwell | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Director | 2.00 | $0 | |
| Marian M Casey | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Director | 3.00 | $0 | |
| Marian P Harrison | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Director | 1.00 | $0 | |
| Katherine P Hill | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Director | 1.00 | $0 | |
| Molly N Kidd | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Director | 1.00 | $0 | |
| Nancy Powell Moore | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Director | 2.00 | $0 | |
| Ben H Powell VI | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Director | 2.00 | $0 | |
| Jan L Redford | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Director | 3.00 | $0 | |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt |
|---|---|---|---|---|---|---|---|
| Caroline J Sabin | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Executive Director | 40.00 | $174,000 | $26,278 |
| Nicole T Ellis | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Prgm Officer | 40.00 | $98,584 | $13,770 |
| Crystal M Ross | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Grant Admin | 40.00 | $59,155 | $9,663 |
| Chris Ehlinger | |||||||
| 2001 Kirby Drive 1011 | Houston | TX | 77019 | Controller | 40.00 | $55,533 | $11,312 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Fayez Sarofim & Co | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 909 Fannin St | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77010 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Investment mgmt | ServiceTypeTxt |
| Compensation | $366,246 | CompensationAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $226,938,020 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,343,393 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $229,281,413 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $229,281,413 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $3,439,221 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $225,842,192 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $11,292,110 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $11,292,110 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $73,962 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $73,962 | TotalTaxAmt |
| Distributable Before Adj | $11,218,148 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $11,218,148 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $11,218,148 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $8,584,014 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $8,584,014 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $73,962 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $8,510,052 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $11,218,148 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $8,191,539 | UndistributedIncomePYAmt |
| Qualifying Distributions | $8,584,014 | QualifyingDistributionsAmt |
| Applied To Year1 | $8,191,539 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $392,475 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $10,825,673 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | The Powell Foundation | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 Kirby Drive 1011 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7135237557 | RecipientPhoneNum |
| Recipient Email Address | csabin@powellfoundation.org | RecipientEmailAddressTxt |
| Form And Info And Materials | See attachment as well as the Foundation's website (www.powellfoundation.org) for application and guidelines. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | None | SubmissionDeadlinesTxt |
| Restrictions On Awards | See attachment and website. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | See attachment | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | State and zip code for | AddressLine1Txt |
| City | efiling purposes | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Or Contribution Purpose | See attachment | GrantOrContributionPurposeTxt |
| Amt | $7,911,294 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $7,911,294 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Communities in Schools of Houston I | |||||||
| 1235 North Loop West | Houston | TX | 77008 | N/A | PC | General support | $150,000 |
| University of Houston | |||||||
| 4800 Calhoun Rd | Houston | TX | 77004 | N/A | GOV | General support forthe College ofEducation | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $200,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $5,058,205 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,936,926 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $7,995,131 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $7,995,131 | 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 (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Bookkeeping | $2,038 | $102 | $0 | $1,936 |
| Tax compliance | $6,000 | $3,000 | $0 | $3,000 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (17 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 500,000 Altria Group Inc 2.85 08/09/2022 | $479,990 | $479,990 |
| 500,000 American Express 2.65 12/02/2022 | $483,700 | $483,700 |
| 500,000 Anheuser-Busch 3.3 02/01/2023 | $486,175 | $486,175 |
| 500,000 AT&T Inc 3 06/30/2022 | $487,625 | $487,625 |
| 500,000 Bank Of America 3.5 04/19/2026 | $481,170 | $481,170 |
| 500,000 Enterprise Prod 3.95 02/15/2027 | $497,795 | $497,795 |
| 500,000 Gilead Sciences 3.25 09/01/2022 | $498,825 | $498,825 |
| 500,000 Goldman Sachs 2.625 04/25/2021 | $486,980 | $486,980 |
| 100,000 Goldman Sachs 3.75 05/22/2025 | $95,677 | $95,677 |
| 500,000 Home Depot Inc 2.625 06/01/2022 | $494,755 | $494,755 |
| 500,000 JPMorgan Chase 3.25 09/23/2022 | $496,030 | $496,030 |
| 450,000 McDonald's Corp 3.5 03/01/2027 | $437,045 | $437,045 |
| 500,000 Morgan Stanley 3.625 01/20/2027 | $475,200 | $475,200 |
| 500,000 Pepsico Inc 2.375 10/06/2026 | $459,025 | $459,025 |
| 500,000 Philip Morris Intl 2.75 02/25/20 | $462,165 | $462,165 |
| 500,000 Verizon Comm 4.125 03/16/2027 | $500,384 | $500,384 |
| 500,000 Wells Fargo 3.069 01/24/2023 | $486,960 | $486,960 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (56 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 30,400 Abbott Laboratories | $2,198,832 | $2,198,832 |
| 56,140 Abbvie Inc | $5,175,547 | $5,175,547 |
| 13,000 Air Products & Chemicals Inc | $2,080,650 | $2,080,650 |
| 5,350 Alphabet Inc Cl C | $5,540,514 | $5,540,514 |
| 31,400 Altria Group Inc | $1,550,846 | $1,550,846 |
| 970 Amazon.com Inc | $1,456,911 | $1,456,911 |
| 43,100 American Express Co | $4,108,292 | $4,108,292 |
| 19,810 Anheuser-Busch Inbev | $1,303,696 | $1,303,696 |
| 31,300 Apple Inc | $4,937,262 | $4,937,262 |
| 5,000 ASML Holding | $778,100 | $778,100 |
| 10,415 Automatic Data Processing | $1,365,615 | $1,365,615 |
| 5,700 Blackrock Inc | $2,239,074 | $2,239,074 |
| 6,650 Canadian Pacific Railway Ltd | $1,181,173 | $1,181,173 |
| 25,300 Chevron Corp | $2,752,387 | $2,752,387 |
| 24,100 Chubb Ltd | $3,113,238 | $3,113,238 |
| 118,870 Comcast Corp Cl A | $4,047,524 | $4,047,524 |
| 46,700 Conocophillips | $2,911,745 | $2,911,745 |
| 5,900 Constellation Brands Inc Cl A | $948,838 | $948,838 |
| 30,100 Estee Lauder Companies Cl A | $3,916,010 | $3,916,010 |
| 33,260 Exxon Mobil Corp | $2,267,999 | $2,267,999 |
| 34,700 Facebook Inc Cl A | $4,548,823 | $4,548,823 |
| 2,550 Home Depot Inc | $438,141 | $438,141 |
| 36,900 Infineon Technologies | $732,502 | $732,502 |
| 24,600 Intercontinental Exchange | $1,853,118 | $1,853,118 |
| 2,800 Intuitive Surgical Inc | $1,340,976 | $1,340,976 |
| 40,300 JPMorgan Chase & Co | $3,934,086 | $3,934,086 |
| 41,701 Kinder Morgan Inc | $641,361 | $641,361 |
| 11,400 Linde Plc | $1,778,856 | $1,778,856 |
| 7,500 McDonald's Corp | $1,331,775 | $1,331,775 |
| 67,010 Microsoft Corp | $6,806,206 | $6,806,206 |
| 34,307 Mondelez International Inc Cl A | $1,373,309 | $1,373,309 |
| 64,250 Nestle Sa Spons Adr | $5,201,038 | $5,201,038 |
| 23,180 Nike Inc Cl B | $1,718,565 | $1,718,565 |
| 47,600 Novo-Nordisk A/S | $2,192,932 | $2,192,932 |
| 16,400 Pepsico Inc | $1,811,872 | $1,811,872 |
| 63,800 Philip Morris International | $4,259,288 | $4,259,288 |
| 5,000 Phillips 66 | $430,750 | $430,750 |
| 59,500 Roche Holdings Ltd | $1,836,349 | $1,836,349 |
| 9,400 S&P Global Inc | $1,597,436 | $1,597,436 |
| 27,400 State Street Corp | $1,728,118 | $1,728,118 |
| 57,150 Texas Instruments Inc | $5,400,675 | $5,400,675 |
| 65,080 The Coca-Cola Co | $3,081,538 | $3,081,538 |
| 1,800 The Sherwin-Williams Co | $708,228 | $708,228 |
| 13,500 The Walt Disney Co | $1,480,275 | $1,480,275 |
| 31,000 Total SA Spon Adr | $1,617,580 | $1,617,580 |
| 16,500 Twenty-First Century Fox Cl A | $793,980 | $793,980 |
| 3,400 Twenty-First Century Fox Cl B | $162,452 | $162,452 |
| 24,900 Union Pacific Corp | $3,441,927 | $3,441,927 |
| 18,450 United Technologies Corp | $1,964,556 | $1,964,556 |
| 13,970 Unitedhealth Group Inc | $3,480,206 | $3,480,206 |
| 689,638 Vanguard Mid-Cap Index Fund | $26,054,534 | $26,054,534 |
| 361,726 Vanguard Total Int Stock Index F | $36,700,718 | $36,700,718 |
| 14,450 Verisk Analytics Inc | $1,575,628 | $1,575,628 |
| 42,310 Visa Inc Cl A | $5,582,381 | $5,582,381 |
| 12,720 Walmart Inc | $1,184,868 | $1,184,868 |
| 21,400 Wells Fargo & Co | $986,112 | $986,112 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $3,636,548 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $3,636,548 | USGovtObligationsEOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General governance and counsel | CategoryTxt |
| Legal Fees | $6,576 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $6,576 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Unrealized decline in value of investments | Desc |
| Amt | $23,525,474 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Bank charges and custody fees | $14,389 | $14,389 | |
| Dues and subscriptions | $850 | $850 | |
| Insurance | $3,031 | $152 | $2,879 |
| Office expense | $6,603 | $330 | $6,273 |
| Payroll processing fees | $4,689 | $234 | $4,455 |
| Software expense | $6,500 | $13,000 | |
| Technology expenses | $395 | $20 | $375 |
| Telephone | $3,515 | $176 | $3,339 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Executive coaching | $900 | $0 | $0 | $900 |
| Investment management and counsel | $366,246 | $366,246 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Excise tax | $73,962 | |
| Foreign tax | $175,592 | $175,592 |
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