LUKE AND LORI MORROW FAMILY FOUNDATION: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- LUKE AND LORI MORROW FAMILY FOUNDATION (EIN 45-3982079)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-11-15
- IRS object ID
- 201823199349102277
- Schema version
- 2017v2.3
- 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
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-11-15T11:19:03-06:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 850214336 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHNSON MILLER & CO CPA'S PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2626 JBS PKWY STE A-200 | AddressLine1Txt |
| City | ODESSA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79761 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 453982079 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LUKE AND LORI MORROW FAMILY | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LUKE | BusinessNameControlTxt |
| Phone | 4324259110 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 61447 | AddressLine1Txt |
| City | MIDLAND | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79711 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LUKE MORROW | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 4324259110 | PhoneNum |
| Signature | 2018-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PEGGY J DEAN | PreparerPersonNm |
| PTIN | P01244205 | PTIN |
| Phone | 4323623800 | PhoneNum |
| Preparation | 2018-11-14 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 24.116.175.218 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-11-15 | IPDt |
| IP Tm | 11:19:03 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 8BE713F09E6C3E72800F1068FAF64994AC20DE30 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 8BE713F09E6C3E72800F1068FAF64994AC20DE30 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $23,082,695 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $4,490,544 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $63,831 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $63,831 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $398,358 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $398,358 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $4,199,154 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $21,718,058 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $4,199,154 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $123,632 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $123,632 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $9,275,519 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,784,975 | TotalNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $25,852 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $25,852 | AccountingFeesNetInvstIncmAmt |
| Other Prof Fees Rev And Expnss | $86 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $86 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $13,024 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $7,024 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $288,382 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $288,382 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $327,344 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $321,344 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,250,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,250,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,577,344 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $321,344 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,250,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $7,698,175 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $4,463,631 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $497,009 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $701,998 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $701,998 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $12,572,967 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $19,972,935 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $19,972,935 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $2,549,711 | OtherAssetsBOYAmt |
| Other Assets EOY | $2,407,762 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $2,407,762 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $15,619,687 | TotalAssetsBOYAmt |
| Total Assets EOY | $23,082,695 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $23,082,695 | TotalAssetsEOYFMVAmt |
| Other Liabilities EOY | $6,162 | OtherLiabilitiesEOYAmt |
| Total Liabilities EOY | $6,162 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $15,619,687 | RetainedEarningBOYAmt |
| Retained Earning EOY | $23,076,533 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $15,619,687 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $23,076,533 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $15,619,687 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $23,082,695 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $15,619,687 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $7,698,175 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,688,646 | OtherIncreasesAmt |
| Subtotal | $25,006,508 | SubtotalAmt |
| Other Decreases | $1,929,975 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $23,076,533 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (15 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| SEE ATTACHED ML 42536139 | P | $1,776,149 | $1,232,318 | $543,831 | $543,831 |
| SEE ATTACHED ML 42536140 | P | $1,126,642 | $1,116,965 | $9,677 | $9,677 |
| SEE ATTACHED ML 42536140 | P | $5,693,974 | $4,708,348 | $985,626 | $985,626 |
| SEE ATTACHED ML 42536141 | P | $481,954 | $484,909 | -$2,955 | -$2,955 |
| SEE ATTACHED ML 42536141 | P | $2,610,674 | $1,843,993 | $766,681 | $766,681 |
| SEE ATTACHED ML 42536142 | P | $208,641 | $190,936 | $17,705 | $17,705 |
| SEE ATTACHED ML 42536142 | P | $1,989,967 | $1,821,723 | $168,244 | $168,244 |
| SEE ATTACHED ML 42536143 | P | $500,329 | $481,941 | $18,388 | $18,388 |
| SEE ATTACHED ML 42536143 | P | $1,904,559 | $1,421,650 | $482,909 | $482,909 |
| SEE ATTACHED ML 42536144 | P | $1,145,823 | $1,149,774 | -$3,951 | -$3,951 |
| SEE ATTACHED ML 42536144 | P | $1,603,500 | $1,050,819 | $552,681 | $552,681 |
| SEE ATTACHED ML 42536145 | P | $216,445 | $202,532 | $13,913 | $13,913 |
| SEE ATTACHED ML 42536145 | P | $1,327,814 | $997,338 | $330,476 | $330,476 |
| SEE ATTACHED ML 42536146 | P | $33,006 | $25,235 | $7,771 | $7,771 |
| SEE ATTACHED ML 42536146 | P | $1,087,332 | $790,423 | $296,909 | $296,909 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $4,199,154 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $60,548 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,045,300 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $16,379,982 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.063816 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,171,003 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $17,401,520 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.067293 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,143,027 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $18,703,415 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.061113 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $998,522 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $18,558,618 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.053804 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $996,851 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $18,624,780 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.053523 | DistributionYr5Rt |
| Total Distribution | 0.299549 | TotalDistributionRt |
| Average Distribution | 0.059910 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $19,698,396 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,180,131 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $44,636 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,224,767 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,250,000 | 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 | $44,636 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $44,636 | SubtotalAmt |
| Tax Based On Investment Income | $44,636 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $7,300 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $125,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $132,300 | TotalPaymentsAndCreditsAmt |
| Overpayment | $87,664 | OverpaymentAmt |
| Applied To ES Tax | $87,664 | 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 |
| 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 | N/A | WebsiteAddressTxt |
| Individual With Books | MARCIA WALKER | IndividualWithBooksNm |
| Phone | 4325632766 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 61447 | AddressLine1Txt |
| City | MIDLAND | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79711 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| 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 |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 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 |
|---|---|---|---|---|---|---|---|---|
| LUKE MORROW | ||||||||
| PO BOX 61447 | MIDLAND | TX | 79711 | DIRECTOR | 000.00 | $0 | $0 | $0 |
| LORI MORROW | ||||||||
| PO BOX 61447 | MIDLAND | TX | 79711 | DIRECTOR | 000.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | GRANTS AND OTHER DISTRIBUTIONS MADE DIRECTLY TO VARIOUS ORGANIZATIONS THAT HAVE BEEN DEEMED COMPATIBLE WITH, AND WOULD HELP TO FURTHER, THE FOUNDATION'S CHARITABLE AND EDUCATIONAL PURPOSE. | Description1Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $17,237,939 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $599,504 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $2,160,929 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $19,998,372 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $19,998,372 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $299,976 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $19,698,396 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $984,920 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $984,920 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $44,636 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $44,636 | TotalTaxAmt |
| Distributable Before Adj | $940,284 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $940,284 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $940,284 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,250,000 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $1,250,000 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $44,636 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,205,364 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $940,284 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $5,255 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $83,547 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $223,502 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $312,921 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $235,701 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $860,926 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,250,000 | QualifyingDistributionsAmt |
| Applied To Current Year | $940,284 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $309,716 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,170,642 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $5,255 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,165,387 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $83,547 | ExcessFromYear4Amt |
| Excess From Year3 | $223,502 | ExcessFromYear3Amt |
| Excess From Year2 | $312,921 | ExcessFromYear2Amt |
| Excess From Year1 | $235,701 | ExcessFromYear1Amt |
| Excess From Current Year | $309,716 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | LUKE MORROW | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (45 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| AGAPE CHRISTIAN SERVICES OF WEST TX | ||||||
| 3500 N A ST 2400 | MIDLAND | TX | 79705 | 501C3 | OPERATIONS | $46,000 |
| AMERICARES | ||||||
| 88 HAMILTON AVE | STAMFORD | CT | 06902 | 501C3 | OPERATIONS | $20,000 |
| BOTH ENDS BURNING | ||||||
| 16009 NORTH 81ST STREET | SCOTTSDALE | AZ | 85260 | 501C3 | OPERATIONS | $5,000 |
| BOYS & GIRLS CLUB OF MIDLAND | ||||||
| PO BOX 284 | MIDLAND | TX | 79702 | 501C3 | OPERATIONS | $5,000 |
| CAMP FIRE | ||||||
| PO BOX 50988 | MIDLAND | TX | 79710 | 501C3 | OPERATIONS | $5,000 |
| CAMPUS CRUSADE FOR CHRIST | ||||||
| 100 LAKE HART DRIVE | ORLANDO | FL | 32832 | 501C3 | OPERATIONS | $20,000 |
| CASA DE AMIGOS | ||||||
| 1101 E GARDEN LANE | MIDLAND | TX | 79701 | 501C3 | OPERATIONS | $30,000 |
| CHILD FUND INTERNATIONAL | ||||||
| 2821 EMERYWOOD PARKWAY | RICHMOND | VA | 23294 | 501C3 | OPERATIONS | $50,000 |
| CRISTA MINISTRIES | ||||||
| 19303 FREMONT AVE N | SEATTLE | WA | 98133 | 501C3 | OPERATIONS | $5,000 |
| CHRISTIAN ALLIANCE FOR ORPHANS | ||||||
| 6723 WHITTIER AVE ST 202 | MCLEAN | VA | 22101 | 501C3 | OPERATIONS | $10,000 |
| COMPASSION INTERNATIONAL | ||||||
| 12290 VOYAGER PARKWAY | COLORADO SPRINGS | CO | 80997 | 501C3 | OPERATIONS | $100,000 |
| CRISIS CENTER OF ODESSA | ||||||
| 910 S GRANT AVE B | ODESSA | TX | 79761 | 501C3 | OPERATIONS | $10,000 |
| DESTINY WORSHIP | ||||||
| 122 POINCIANA BLVD | DESTIN | FL | 32550 | 501C3 | OPERATIONS | $5,000 |
| DOMINICAN DEVELOPMENT GROUP | ||||||
| PO BOX 661 | ELLENTON | FL | 34222 | 501C3 | OPERATIONS | $50,000 |
| ELAM MINISTRIES | ||||||
| 5755 N POINT PKWY ST 217 | ALPHARETTA | GA | 30022 | 501C3 | OPERATIONS | $20,000 |
| FIRST PRESBYTERIAN CHURCH | ||||||
| 800 W TEXAS | MIDLAND | TX | 79701 | 501C3 | OPERATIONS | $64,000 |
| FOCUS ON THE FAMILY | ||||||
| 8605 EXPLORER DRIVE | COLORADO SPRINGS | CO | 80920 | 501C3 | OPERATIONS | $30,000 |
| FREE WHEELCHAIR MISSION | ||||||
| 15279 ALTON PKWY STE 300 | IRVINE | CA | 92618 | 501C3 | OPERATIONS | $10,000 |
| GLADNEY CENTER FOR ADOPTION | ||||||
| 6300 JOHN RYAN DRIVE | FORT WORTH | TX | 76132 | 501C3 | OPERATIONS | $30,000 |
| HIGH SKY CHILDRENS RANCH | ||||||
| 8701 WEST CITY RD 60 | MIDLAND | TX | 79707 | 501C3 | OPERATIONS | $10,000 |
| HOSPICE MIDLAND | ||||||
| 911 WEST TEXAS | MIDLAND | TX | 79701 | 501C3 | OPERATIONS | $5,000 |
| HUMAN TRAFFICKING INSTITUTE | ||||||
| 8400 WESTPARK DR STE 100 | MCLEAN | VA | 22102 | 501C3 | OPERATIONS | $50,000 |
| INTERNATIONAL JUSTICE MISSION | ||||||
| PO BOX 58147 | WASHINGTON | DC | 20037 | 501C3 | OPERATIONS | $150,000 |
| LA DREAM CENTER | ||||||
| 2301 BELLEVUE AVE | LOS ANGELES | CA | 90026 | 501C3 | OPERATIONS | $20,000 |
| LIVING WATER INTERNATIONAL | ||||||
| 4001 GREENBRIAR DRIVE | STAFFORD | TX | 77477 | 501C3 | OPERATIONS | $50,000 |
| MAAS CO 1ST PRESBYTERIAN CH | ||||||
| 800 W TEXAS | MIDLAND | TX | 79701 | 501C3 | OPERATIONS | $15,000 |
| MERCY SHIPS | ||||||
| PO BOX 2020 | GARDEN VALLEY | TX | 75771 | 501C3 | OPERATIONS | $50,000 |
| MIDLAND FAIR HAVENS | ||||||
| 2400 WHITMIRE BLVD 100 | MIDLAND | TX | 79705 | 501C3 | OPERATIONS | $5,000 |
| OPERATION ENDURING SUPPORT INC | ||||||
| 5900 DEEP SPRING COVE | AUSTIN | TX | 78730 | 501C3 | OPERATIONS | $10,000 |
| PARTNERS RELIEF & DEVELOPMENT | ||||||
| PO BOX 912418 | DENVER | CO | 80291 | 501C3 | OPERATIONS | $50,000 |
| RAYS OF HOPE | ||||||
| 900 W WALL | MIDLAND | TX | 79701 | 501C3 | OPERATIONS | $5,000 |
| RIGHT FROM THE HEART MINISTRIES | ||||||
| 1507 JOHNSON FERRY RD | MARIETTA | GA | 30062 | 501C3 | OPERATIONS | $5,000 |
| SAFE PLACE | ||||||
| PO BOX 11331 | MIDLAND | TX | 79702 | 501C3 | OPERATIONS | $10,000 |
| SAVE THE CHILDREN | ||||||
| 54 WILTON ROAD | WESTPORT | CT | 06880 | 501C3 | OPERATIONS | $50,000 |
| SMILE TRAIN | ||||||
| 41 MADISON AVE 28TH FL | NEW YORK | NY | 10010 | 501C3 | OPERATIONS | $5,000 |
| T BAR M CAMPS | ||||||
| 2549 STATE HWY 46 WEST | NEW BRAUNFELS | TX | 78132 | 501C3 | OPERATIONS | $5,000 |
| TEEN CHALLENGE OF THE PERMIAN | ||||||
| 6901 SCR 1200 | MIDLAND | TX | 79706 | 501C3 | OPERATIONS | $5,000 |
| TEEN FLOW MINISTRIES | ||||||
| 711 S MAIN | MIDLAND | TX | 79701 | 501C3 | OPERATIONS | $10,000 |
| UNITED WAY OF MIDLAND | ||||||
| 1209 W WALL | MIDLAND | TX | 79701 | 501C3 | OPERATIONS | $10,000 |
| UNITED WAY OF ODESSA | ||||||
| 128 E 2ND STREET | ODESSA | TX | 79761 | 501C3 | OPERATIONS | $10,000 |
| UNIVERSITY OF MINNESOTA FOUNDATION | ||||||
| 200 SE OAK ST 500 | MINNEAPOLIS | MN | 55455 | 501C3 | OPERATIONS | $50,000 |
| WATER MISSIONS INTERNATIONAL | ||||||
| PO BOX 31258 | CHARLESTON | SC | 29417 | 501C3 | OPERATIONS | $30,000 |
| WEARS VALLEY RANCH | ||||||
| 3601 LYON SPRINGS RD | SEVIERVILLE | TN | 37862 | 501C3 | OPERATIONS | $5,000 |
| WEST TEXAS FOOD BANK | ||||||
| 411 S PAGEWOOD AVE | ODESSA | TX | 79761 | 501C3 | OPERATIONS | $20,000 |
| WORLD VISION | ||||||
| PO BOX 9716 | FEDERAL WAY | WA | 98063 | 501C3 | OPERATIONS | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,250,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $63,831 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $398,358 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $123,632 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $4,199,154 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $4,784,975 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,784,975 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | LUKE LORI MORROW | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 61447 | AddressLine1Txt |
| City | MIDLAND | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79711 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $4,490,544 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (3 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | PUBLICLY TRADED STOCK - MERRILL | $2,250,269 | 2017-05-11 |
| 1 | PUBLICLY TRADED STOCK - MERRILL | $1,088,960 | 2017-12-01 |
| 1 | PUBLICLY TRADED STOCK - MERRILL | $931,315 | 2017-12-01 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $25,852 | Amt |
| Net Investment Income | $25,852 | NetInvestmentIncomeAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| CHARLES SCHWAB | AT COST | ||
| MERRILL LYNCH | FMV | $19,972,935 | $19,972,935 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INVESTMENT BOOT CREEK ROYALTY LTD | $2,542,458 | $2,400,509 | $2,400,509 |
| PERMIAN BASIN RECEIVABLE | $7,253 | $7,253 | $7,253 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CONVERSION FROM TAX TO GAAP REPORTING | Desc |
| Amt | $1,929,975 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| EXPENSES | ||
| INVESTMENT MANAGEMENT FEES | $129,194 | $129,194 |
| BOOT CREEK ROYALTY EXPENSE | $159,188 | $159,188 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| BOOT CREEK ROYALTIES | $117,931 | $117,931 |
| BOOT CREEK LEASE BONUS INC | $2,058 | $2,058 |
| EOG ROYALTY INCOME | $4,286 | $4,286 |
| EOG PRODUCTION TAX | -$643 | -$643 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAINS | Desc |
| Amt | $1,688,646 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO LUKE MORROW | Desc |
| EOY Book Value | $6,162 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | OTHER PROFESSIONAL FEES | CategoryTxt |
| Amt | $86 | Amt |
| Net Investment Income | $86 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| INCOME TAX | $6,000 | |
| FOREIGN TAX EXPENSE | $7,024 | $7,024 |
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