MCDANIEL CHARITABLE FOUNDATION: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- MCDANIEL CHARITABLE FOUNDATION (EIN 76-0538313)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-11-14
- IRS object ID
- 201833189349102283
- 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
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Land Etc Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Notes Loans Rcvbl Short Sch2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-11-14T11:49:44-06:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 760354302 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HEAD MAXWELL & MCKENNA PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2200 MARKET ST SUITE 401 | AddressLine1Txt |
| City | GALVESTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77550 | 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 | 760538313 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCDANIEL CHARITABLE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MCDA | BusinessNameControlTxt |
| Phone | 4099422946 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 108 | AddressLine1Txt |
| City | HITCHCOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77563 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK LYONS | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 4099422946 | PhoneNum |
| Signature | 2018-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | HARRY D MAXWELL JR | PreparerPersonNm |
| PTIN | P00627267 | PTIN |
| Phone | 4097636479 | PhoneNum |
| Preparation | 2018-11-13 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 75.148.247.65 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-11-14 | IPDt |
| IP Tm | 11:49:44 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 378F613000319C0BEA388E048F754F015A67F5A1 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 378F613000319C0BEA388E048F754F015A67F5A1 | 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 | $11,270,947 | 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 |
| Interest On Sav Rev And Expnss | $4,699 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $4,699 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $249,077 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $249,077 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$457,781 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,410,417 | GrossSalesPriceAmt |
| Other Income Rev And Expnss | $21,884 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $31,461 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | -$182,121 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $285,237 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $114,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $13,500 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $100,500 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $26,000 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $23,400 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $74,414 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $11,700 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $61,467 | PensionEmplBnftDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $7,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $3,750 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $3,750 | AccountingFeesChrtblPrpsAmt |
| Interest Rev And Expnss | $371 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $371 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $5,808 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $7,872 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $7,632 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $11,250 | OccupancyRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $69,747 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $60,683 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $7,090 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $316,962 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $97,637 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $196,207 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $61,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $61,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $377,962 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $97,637 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $257,207 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$560,083 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $187,600 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $72,274 | CashBOYAmt |
| Cash EOY | $71,324 | CashEOYAmt |
| Cash EOYFMV | $71,324 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $921,044 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $733,649 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $733,649 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $28,043 | AcctRcvblAmt |
| Acct Rcvbl BOY | $28,805 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $28,043 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $28,043 | AcctRcvblEOYFMVAmt |
| Other Nts And Loans Rcvbl | $7,262,653 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $6,368,764 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $7,262,653 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $7,262,653 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $6,291 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $1,291 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $1,291 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $134,541 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $71,345 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $71,345 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $1,998,985 | CorporateStockBOYAmt |
| Corporate Stock EOY | $633,472 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $633,472 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $2,103,396 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,453,504 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,453,504 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $15,666 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $8,230 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $7,296 | LandBOYAmt |
| Land EOY | $7,436 | LandEOYAmt |
| Land EOYFMV | $15,666 | LandEOYFMVAmt |
| Total Assets BOY | $11,641,396 | TotalAssetsBOYAmt |
| Total Assets EOY | $11,262,717 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $11,270,947 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $2,795 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $5,291 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $2,795 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,291 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $11,638,601 | UnrestrictedBOYAmt |
| Unrestricted EOY | $11,257,426 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $11,638,601 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $11,257,426 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $11,641,396 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $11,262,717 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $11,638,601 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$560,083 | ExcessRevenueOverExpensesAmt |
| Other Increases | $178,908 | OtherIncreasesAmt |
| Subtotal | $11,257,426 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $11,257,426 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (13 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| SEA LION LIQUIDATING DIST. | P | 2014-04-16 | 2017-01-01 | $1,140,000 | $1,799,700 | -$659,700 | -$659,700 |
| 341 SH SILVER BAY ROYALTY TRUST | P | 2013-04-24 | 2017-05-11 | $7,332 | $6,172 | $1,160 | $1,160 |
| .355 SH GRANITE POINT MORTGAGE TRUST | P | 2013-04-24 | 2017-12-11 | $6 | $7 | -$1 | -$1 |
| PROSHARES NAT GAS-SEC 1256 STRAD | P | $3,158 | -$3,158 | -$3,158 | |||
| PROSHARES NAT GAS-SEC 1256 STRAD | P | $4,736 | -$4,736 | -$4,736 | |||
| FULLER DMS OFFICE LTD-SEC 1231 LOSS | P | $28,045 | -$28,045 | -$28,045 | |||
| SCW CAPITAL LP-S/T GAIN PASSED THRU | P | $143,569 | $143,569 | $143,569 | |||
| SCW CAPITAL LP-L/T GAIN PASSED THRU | P | $104,510 | $104,510 | $104,510 | |||
| SCW CAPITAL LP-SEC 1231 LOSS | P | $8 | -$8 | -$8 | |||
| SCW CAPITAL LP-SEC 1256 STRAD | P | $2 | -$2 | -$2 | |||
| SCW CAPITAL LP-SEC 1256 STRAD | P | $3 | -$3 | -$3 | |||
| SCW CAPITAL LP-BOOK/TAX GAIN DIFF | P | $10,550 | -$10,550 | -$10,550 | |||
| U. S. TREASURY NOTE, 4.500% | P | 2008-08-20 | 2017-05-15 | $15,000 | $15,817 | -$817 | -$817 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$457,781 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $201,577 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $238,978 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $10,651,184 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.022437 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $281,170 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $10,335,139 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.027205 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $372,687 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $9,602,338 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.038812 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $560,242 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $7,917,727 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.070758 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,299,952 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $8,198,419 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.158561 | DistributionYr5Rt |
| Total Distribution | 0.317773 | TotalDistributionRt |
| Average Distribution | 0.063555 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $10,965,408 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $696,907 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $1,876 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $698,783 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $257,207 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $3,752 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $3,752 | SubtotalAmt |
| Tax Based On Investment Income | $3,752 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $5,770 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $9,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $14,770 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $70 | EsPenaltyAmt |
| Overpayment | $10,948 | OverpaymentAmt |
| Applied To ES Tax | $3,760 | AppliedToESTaxAmt |
| Refund | $7,188 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | 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 | HTTP://MCDANIELCHARITABLEFOUNDATION.ORG/ | WebsiteAddressTxt |
| Individual With Books | JULIE BARNETT | IndividualWithBooksNm |
| Phone | 4099422946 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 108 | AddressLine1Txt |
| City | HITCHCOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77563 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | Yes (true) | 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 | Yes (true) | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| 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 (8 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 |
|---|---|---|---|---|---|---|---|---|
| MICHELLE LYONS SPIER | ||||||||
| P O BOX 108 | HITCHCOCK | TX | 77563 | PRESIDENT | 20.00 | $12,000 | $7,688 | $0 |
| MELISSA LYONS GARDNER | ||||||||
| P O BOX 108 | HITCHCOCK | TX | 77563 | TREASURER | 20.00 | $12,000 | $7,688 | $0 |
| RACHEL LYONS | ||||||||
| P O BOX 108 | HITCHCOCK | TX | 77563 | DIRECTOR | 1.00 | $12,000 | $7,502 | $0 |
| MADISON SPIER | ||||||||
| P O BOX 108 | HITCHCOCK | TX | 77563 | DIRECTOR | 1.00 | $12,000 | $0 | $0 |
| JULIE BARNETT | ||||||||
| P O BOX 108 | HITCHCOCK | TX | 77563 | SCHOL. COORD | 40.00 | $60,000 | $10,529 | $0 |
| CHRISTOPHER JOHNSON | ||||||||
| P O BOX 108 | HITCHCOCK | TX | 77563 | DIRECTOR | 1.00 | $6,000 | $7,502 | $0 |
| FREELAND GODFREY | ||||||||
| P O BOX 108 | HITCHCOCK | TX | 77563 | DIRECTOR | 0.00 | $0 | $10,556 | $0 |
| MARK LYONS | ||||||||
| P O BOX 108 | HITCHCOCK | TX | 77563 | 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 | PROVIDED SCHOLARSHIPS TO STUDENTS AND SUPPORTED VARIOUS NON-PROFIT ORGANIZATIONS | 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 | $10,142,189 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $953,435 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $36,770 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $11,132,394 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $11,132,394 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $166,986 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $10,965,408 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $548,270 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $548,270 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $3,752 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $3,752 | TotalTaxAmt |
| Distributable Before Adj | $544,518 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $544,518 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $544,518 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $257,207 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $257,207 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $257,207 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $544,518 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $895,640 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $167,508 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $55,928 | ExcessDistributionCyovYr3Amt |
| Total Excess Distribution Cyov | $1,119,076 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $257,207 | QualifyingDistributionsAmt |
| Applied To Current Year | $257,207 | AppliedToCurrentYearAmt |
| Excess Distri Cyov App CY Corpus | $287,311 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $287,311 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $831,765 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $608,329 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $223,436 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $167,508 | ExcessFromYear4Amt |
| Excess From Year3 | $55,928 | ExcessFromYear3Amt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | THE MCDANIEL CHARITABLE FOUNDATION | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 108 | AddressLine1Txt |
| City | HITCHCOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77563 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 4099421910 | RecipientPhoneNum |
| Recipient Email Address | CONTACTUS@MCDANIELFOUNDATION.ORG | RecipientEmailAddressTxt |
| Form And Info And Materials | SEE ATTACHED APPLICATION | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | JUNE 1ST | SubmissionDeadlinesTxt |
| Restrictions On Awards | BASED ON NEED & MERIT; MUST BE GALVESTON RESIDENT & ATTEND A TEXAS SCHOOL. ONLY RENEWAL APPLICATIONS ACCEPTED; THE FOUNDATION IS NOT ACCEPTING NEW SCHOLARSHIP APPLICATIONS FOR THIS PROGRAM. | RestrictionsOnAwardsTxt |
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 | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| TURNING POINT | ||||||||
| P O BOX 2118 | GALVESTON | TX | 77553 | NONE | 509(A)(1) | HANDICAP THERAPY | $1,500 | |
| FIRST UNITED METHODIST CHURCH | ||||||||
| 212 W BENTON AVE | DEVINE | TX | 78016 | NONE | 509(A)(1) | SCHOLARSHIPS/GENERAL SUPPORT | $9,500 | |
| MARTIN KARA | ||||||||
| 1903 UNIVERSITY | HUNTSVILLE | TX | 77341 | NONE | SCHOLARSHIP | $5,000 | ESTILL 201 BOX 2328 | |
| VAWTER EMILIE | ||||||||
| P O BOX 30016 | COLLEGE STATION | TX | 778423016 | NONE | SCHOLARSHIP | $5,000 | ||
| UNIVERSITY OF HOUSTON | ||||||||
| 402 AGNES ARNOLD HALL | HOUSTON | TX | 77204 | NONE | LUISETTA CHOMEL SCHOLARSHIP | $5,000 | ||
| CHILDREN'S WELL-BEING FOUNDATION | ||||||||
| 100 HIGHLAND STREET | MILTON | MA | 02186 | NONE | 509(A)(1) | GENERAL SUPPORT | $10,000 | SUITE G1 |
| FRIEDREICH'S ATAXIA RESEARCH ALLIAN | ||||||||
| 533 W UWCHLAN AVENUE | DOWNINGTOWN | PA | 19335 | NONE | 509(A)(1) | GENERAL SUPPORT | $25,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $61,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $4,699 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $249,077 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $31,461 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$457,781 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| SCW CAPITAL LP | 1 | -$1,643 |
| FULLER DMS OFFICE LTD | 1 | -$7,934 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | -$182,121 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$182,121 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | 2015 FORM 990-PF/990-T PREP FEE | CategoryTxt |
| Amt | $7,500 | Amt |
| Net Investment Income | $3,750 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,750 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (32 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| SPEAKER PHONE | 2015-07-22 | $141 | $28 | S/L | 7.0000 | $21 | $19 |
| SPEAKER PHONE | 2015-07-22 | $141 | $28 | S/L | 7.0000 | $21 | $19 |
| SPEAKER PHONE | 2015-07-22 | $141 | $28 | S/L | 7.0000 | $21 | $19 |
| SPEAKER PHONE | 2015-07-22 | $141 | $28 | S/L | 7.0000 | $21 | $19 |
| DESK | 2016-04-30 | $162 | $15 | S/L | 7.0000 | $24 | $22 |
| HP WIRELESS PRINTER | 2016-06-18 | $236 | $24 | S/L | 5.0000 | $47 | $42 |
| ERGOMONIC MESH CHAIR | 2016-08-17 | $325 | $15 | S/L | 7.0000 | $47 | $42 |
| ERGONOMIC MESH CHAIR | 2016-08-17 | $325 | $15 | S/L | 7.0000 | $47 | $42 |
| ERGONOMIC MESH CHAIR | 2016-08-26 | $314 | $15 | S/L | 7.0000 | $45 | $41 |
| ERGONOMIC MESH CHAIR | 2016-08-26 | $314 | $15 | S/L | 7.0000 | $45 | $41 |
| ERGONOMIC MESH CHAIR | 2016-08-26 | $314 | $15 | S/L | 7.0000 | $45 | $41 |
| HP LASERJET PRINTER | 2015-06-15 | $216 | $49 | S/L | 7.0000 | $31 | $28 |
| HP LASERJET PRINTER | 2015-06-15 | $216 | $49 | S/L | 7.0000 | $31 | $28 |
| HP LASERJET PRINTER | 2015-06-15 | $216 | $49 | S/L | 7.0000 | $31 | $28 |
| HIGH BACK EXECUTIVE BLACK CHAIR | 2012-03-14 | $312 | $216 | S/L | 7.0000 | $45 | $41 |
| HIGH BACK EXECUTIVE BLACK CHAIR | 2012-03-14 | $312 | $216 | S/L | 7.0000 | $45 | $41 |
| USED 5-DRAWER LATERAL FILE CABINETS | 2012-05-24 | $314 | $206 | S/L | 7.0000 | $45 | $41 |
| USED 5-DRAWER LATERAL FILE CABINETS | 2012-05-24 | $314 | $206 | S/L | 7.0000 | $45 | $41 |
| REFRIGERATOR | 2015-07-28 | $507 | $103 | S/L | 7.0000 | $72 | $65 |
| PORTABLE A/C UNIT | 2016-05-05 | $765 | $73 | S/L | 7.0000 | $109 | $98 |
| CONFERENCE TABLE | 2012-03-14 | $877 | $605 | S/L | 7.0000 | $125 | $113 |
| EXECUTIVE DOUBLE PEDESTAL DESK | 2012-03-14 | $1,039 | $717 | S/L | 7.0000 | $148 | $133 |
| EXECUTIVE DOUBLE PEDESTAL DESK | 2012-03-14 | $1,038 | $717 | S/L | 7.0000 | $148 | $133 |
| STORAGE CREDENZA | 2012-03-14 | $988 | $682 | S/L | 7.0000 | $141 | $127 |
| STORAGE CREDENZA | 2012-03-14 | $988 | $682 | S/L | 7.0000 | $141 | $127 |
| (8) BLUE FABRIC CAPTAINS CHAIRS | 2012-03-14 | $961 | $663 | S/L | 7.0000 | $137 | $123 |
| TOSHIBA LAPTOP | 2015-09-27 | $758 | $189 | S/L | 5.0000 | $152 | $137 |
| TOSHIBA LAPTOP (JULIE'S) | 2015-10-03 | $758 | $189 | S/L | 5.0000 | $152 | $137 |
| TELEVISION & MOUNT | 2017-01-06 | $397 | S/L | 5.0000 | $79 | $71 | |
| TELEVISION & MOUNT | 2017-01-06 | $397 | S/L | 5.0000 | $79 | $71 | |
| COMPUTER SERVER | 2017-03-09 | $1,425 | S/L | 5.0000 | $238 | $209 | |
| CHAIR (BLACK, 9000 SERIES) | 2017-08-18 | $314 | S/L | 7.0000 | $15 | $14 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| US BANK - COMMON STOCKS | $233,472 | $233,472 |
| SEA LION INC | ||
| WOB HOLDINGS LLC | $400,000 | $400,000 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $71,345 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $71,345 | USGovtObligationsEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| US BANK - PTP PSHIPS | FMV | $65,025 | $65,025 |
| FULLER DMS OFFICE LTD | FMV | $205,293 | $205,293 |
| SCW CAPITAL L.P. | FMV | $2,183,186 | $2,183,186 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | FURNISHINGS & EQUIPMENT | CategoryOrItemTxt |
| Cost Or Other Basis | $15,666 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $8,230 | AccumulatedDepreciationAmt |
| Book Value | $7,436 | BookValueAmt |
| EOYFMV | $15,666 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EXPENSES | |||
| INVESTMENT EXPENSES | $53,309 | $53,309 | |
| INSURANCE | $3,385 | $1,523 | $1,523 |
| WEBSITE | $370 | $167 | $167 |
| OFFICE SUPPLIES | $4,450 | $2,003 | $2,003 |
| POSTAGE & SHIPPING | $1,450 | $653 | $653 |
| TELEPHONE EXPENSE | $74 | $33 | $33 |
| COMCAST/DIRECT TV | $2,317 | $1,043 | $1,043 |
| IT EXPENSES | $3,708 | $1,668 | $1,668 |
| BANK CHARGES/CREDIT CARD FEES | $247 | ||
| CREDIT CARD LATE FEES | $153 | ||
| PENALTY PASSED THRU FROM SCW | $284 | $284 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| SAN JUAN BASIN ROYALTY TRUST | $19,126 | $19,126 |
| FROM SCW CAPITAL K-1 | $5,627 | $5,627 |
| FROM DORCHESTER MINERALS K-1 | $6,708 | $6,708 |
| SCW CAPITAL LP | -$1,643 | |
| FULLER DMS OFFICE LTD | -$7,934 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CHANGE IN UNREAL GAIN/LOSS ON INVESTMENTS | Desc |
| Amt | $178,908 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| PAYROLL TAXES PAYABLE | $2,795 | $2,934 |
| EXCISE TAX PAYABLE | $2,357 |
Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2
Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp (7 entries)
| Balance DueBalanceDueAmt |
|---|
| NR - JOSE FALCON |
| $99,464 |
| NR - TWO RIVERS REALTY |
| $810,000 |
| NR - TWO RIVERS DEVELOPMENT |
| $200,000 |
| NR - C CAHILL |
| $893,463 |
| NR - E HARRIS |
| $893,463 |
| NR - R HARRIS |
| $893,463 |
| NR - PODELAK REAL ESTATE INVEST |
| $3,472,800 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 2016 FORM 990-PF EXCISE TAX | $5,770 | |
| 2016 FORM 990-PF PENALTY/INTERES | $37 | |
| FOREIGN TAXES ON DIVIDENDS | $1 | $1 |
Comments