POSOLI FAMILY FOUNDATION: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- POSOLI FAMILY FOUNDATION (EIN 45-6211344)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-10-09
- IRS object ID
- 201832829349100013
- 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
- Investments Other Schedule2
- Other Expenses Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-10-09T16:56:06-05:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 721396621 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CARR RIGGS & INGRAM LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TWO RIVERWAY 15TH FLOOR | AddressLine1Txt |
| City | HOUSTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77056 | 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 | 456211344 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | POSOLI FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | POSO | BusinessNameControlTxt |
| Phone | 7136646431 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5311 VALERIE STREET | AddressLine1Txt |
| City | BELLAIRE | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77401 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PAUL POSOLI | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 7136646431 | PhoneNum |
| Signature | 2018-10-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ANNA JOHNSON | PreparerPersonNm |
| PTIN | P00117479 | PTIN |
| Phone | 7136218090 | PhoneNum |
| Preparation | 2018-09-20 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 99.76.23.185 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-10-09 | IPDt |
| IP Tm | 16:56:01 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 5B94811CB950C275A7B5DF723E419230418289B0 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2018-06-14 16:35:46Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $4,775,708 | 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 | $501,798 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $3,294 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $3,294 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $82,025 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $82,025 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $135,853 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $636,985 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $135,853 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $722,970 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $221,172 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Taxes Rev And Expnss | $6,203 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,506 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $26,104 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $24,354 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $32,307 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $25,860 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $207,472 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $207,472 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $239,779 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $25,860 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $207,472 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $483,191 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $195,312 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $542,453 | CashBOYAmt |
| Cash EOY | $449,179 | CashEOYAmt |
| Cash EOYFMV | $449,179 | CashEOYFMVAmt |
| Other Investments BOY | $3,375,979 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,952,444 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $4,326,529 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $3,918,432 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,401,623 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $4,775,708 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $3,918,432 | UnrestrictedBOYAmt |
| Unrestricted EOY | $4,401,623 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,918,432 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $4,401,623 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,918,432 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $4,401,623 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,918,432 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $483,191 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $4,401,623 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $4,401,623 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|---|
| BERNSTEIN - STCG | 2017-01-01 | 2017-12-31 | $146,883 | $155,343 | -$8,460 | -$8,460 | |
| BERNSTEIN - LTCG | 2016-01-01 | 2017-12-31 | $326,282 | $256,764 | $69,518 | $69,518 | |
| BERNSTEIN - JPMORGAN CHASE & CO. | 2016-01-01 | 2017-12-28 | $158,170 | $89,025 | $69,145 | $69,145 | |
| BERNSTEIN - CASH IN LIEU SALES | 2017-01-01 | 2017-12-31 | $127 | $127 | $127 | ||
| CAPITAL GAINS DIVIDENDS | $5,523 | $5,523 | $5,523 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $135,853 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $160,179 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $3,728,215 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.042964 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $190,918 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $3,946,895 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.048372 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $140,404 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $3,015,185 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.046566 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $115,406 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $2,822,189 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.040892 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $131,195 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $2,721,416 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.048208 | DistributionYr5Rt |
| Total Distribution | 0.227002 | TotalDistributionRt |
| Average Distribution | 0.045400 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $4,074,314 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $184,974 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $1,953 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $186,927 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $207,472 | 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 | $1,953 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,953 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,953 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $2,300 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $2,300 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $13 | EsPenaltyAmt |
| Overpayment | $334 | OverpaymentAmt |
| Applied To ES Tax | $334 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | TX | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | PAUL JOSEPH POSOLI | IndividualWithBooksNm |
| Phone | 7136646431 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5311 VALERIE ST | AddressLine1Txt |
| City | BELLAIRE | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | 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 |
|---|---|---|---|---|---|---|---|---|
| PAUL JOSEPH POSOLI | ||||||||
| 5311 VALERIE STREET | BELLAIRE | TX | 77401 | PRESIDENT | 5.00 | $0 | $0 | $0 |
| JOY MICHELLE POSOLI | ||||||||
| 5311 VALERIE STREET | BELLAIRE | TX | 77401 | VICE-PRESIDENT | 5.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | FUNDING OF CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, AND EDUCATIONAL PROGRAMS. | Description1Txt |
| Expenses1 | $199,897 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses1 | $0 | Expenses1Amt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $3,836,846 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $299,513 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $4,136,359 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $4,136,359 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $62,045 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $4,074,314 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $203,716 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $203,716 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,953 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,953 | TotalTaxAmt |
| Distributable Before Adj | $201,763 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $201,763 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $201,763 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $207,472 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $207,472 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $1,953 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $205,519 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $201,763 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr2 | $913 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $913 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $207,472 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $201,763 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $5,709 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $6,622 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $6,622 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $913 | ExcessFromYear2Amt |
| Excess From Current Year | $5,709 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | PAUL JOSEPH POSOLI | ContributingManagerNm |
| Contributing Manager | JOY MICHELLE POSOLI | ContributingManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | PAUL JOSEPH POSOLI | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5311 VALERIE STREET | AddressLine1Txt |
| City | BELLAIRE | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7136646431 | RecipientPhoneNum |
| Form And Info And Materials | N/A | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | N/A | SubmissionDeadlinesTxt |
| Restrictions On Awards | NONE | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (40 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ANNUNCIATION ORTHODOX SCHOOL | |||||||
| 3600 YOAKUM BLVD | HOUSTON | TX | 77006 | NONE | EDUCATIONAL INSTITUI | FOR GENERAL PURPOSES | $55,000 |
| AMERICAN CANCER SOCIETY | |||||||
| 250 WILLIAMS STREET NW | ATLANTA | GA | 30303 | NONE | PUBLIC CHARITY | FOR GENERAL PURPOSES | $100 |
| ALLEY THEATRE | |||||||
| 615 TEXAS AVENUE | HOUSTON | TX | 77002 | NONE | PUBLIC CHARITY | FOR GENERAL PURPOSES | $5,000 |
| BEST BUDDIES INTERNATIONAL | |||||||
| 1341 W MOCKINGBIRD LANE STE 241E | DALLAS | TX | 75247 | NONE | PUBLIC CHARITY | FOR GENERAL PURPOSES | $1,000 |
| BROOKWOOD COMMUNITY | |||||||
| 1752 FM 1489 | BROOKSHIRE | TX | 77423 | NONE | RELIGIOUS ORGANIZATI | FOR GENERAL PURPOSES | $1,000 |
| CATHOLIC CHARITIES | |||||||
| 2900 LOUISIANA STREET | HOUSTON | TX | 77006 | NONE | RELIGIOUS ORGANIZATI | FOR GENERAL PURPOSES | $2,000 |
| CHILD ADVOCATES INC | |||||||
| 3701 KIRBY DRIVE SUITE 400 | HOUSTON | TX | 77098 | NONE | PUBLIC CHARITY | FOR GENERAL PURPOSES | $5,400 |
| DISCOVERU | |||||||
| PO BOX 4059 | HOUSTON | TX | 77210 | NONE | PUBLIC CHARITY | FOR GENERAL PURPOSES | $1,500 |
| FIFTH WARD CHURCH | |||||||
| 4308 STONEWALL ST | HOUSTON | TX | 77020 | NONE | RELIGIOUS ORGANIZATI | FOR GENERAL PURPOSES | $5,000 |
| GEORGE SCHOOL | |||||||
| 1690 NEWTOWN LANGHORNE RD | NEWTOWN | PA | 18940 | NONE | EDUCATIONAL INSTITUI | FOR GENERAL PURPOSES | $2,000 |
| HIS GRACE FOUNDATION | |||||||
| PO BOX 722 | TOMBALL | TX | 77377 | NONE | RELIGIOUS ORGANIZATI | FOR GENERAL PURPOSES | $5,300 |
| HIGHLAND BAPTIST CHURCH | |||||||
| 3014 MAPLE AVE | WACO | TX | 76707 | NONE | RELIGIOUS ORGANIZATI | FOR GENERAL PURPOSES | $1,000 |
| INNER CITY EDUCATION FOUNDATION PUBLIC SCHOOLS | |||||||
| 5120 W GOLDLEAF CIRCLE SUITE 350 | LOS ANGELES | CA | 90056 | NONE | EDUCATIONAL INSTITUI | FOR GENERAL PURPOSES | $5,000 |
| JESUIT HIGH | |||||||
| 1200 JACOB LANE | CARMICHAEL | CA | 95608 | NONE | EDUCATIONAL INSTITUI | FOR GENERAL PURPOSES | $5,000 |
| JESUITS CENTRAL AND SOUTHERN PROVINCE | |||||||
| 4511 W PINE BLVD | ST LOUIS | MO | 63108 | NONE | RELIGIOUS ORGANIZATI | FOR GENERAL PURPOSES | $1,837 |
| LINDA CREED BREAST CANCER | |||||||
| 614 S 8TH ST 277 | PHILADELPHIA | PA | 19147 | NONE | PUBLIC CHARITY | FOR GENERAL PURPOSES | $1,000 |
| MARINE CORPS SCHOLARSHIP FOUNDATION | |||||||
| 909 N WASHINGTON STREET SUITE 400 | ALEXANDRIA | VA | 22314 | NONE | EDUCATIONAL INSTITUI | TO FUND SCHOLARSHIP PROGRAM | $5,000 |
| NATIONAL MS SOCIETY | |||||||
| 101A FIRST AVENUE STE 6 | WALTHAM | MA | 02451 | NONE | PUBLIC CHARITY | FOR GENERAL PURPOSES | $300 |
| NO LONGER ORPHANS | |||||||
| PO BOX 745185 | ARVADA | CO | 80005 | NONE | PUBLIC CHARITY | FOR GENERAL PURPOSES | $500 |
| RONALD MCDONALD HOUSE | |||||||
| 1907 HOLCOLME BLVD | HOUSTON | TX | 77030 | NONE | PUBLIC CHARITY | FOR GENERAL PURPOSES | $250 |
| SAN JOSE CLINIC | |||||||
| 2615 FANNIN STREET | HOUSTON | TX | 77002 | NONE | PUBLIC CHARITY | FOR GENERAL PURPOSES | $1,770 |
| ST AGNES ACADEMY | |||||||
| 9000 BELLAIRE BLVD | HOUSTON | TX | 77036 | NONE | EDUCATIONAL INSTITUI | FOR ENDOWMENT PURPOSES | $10,000 |
| SAN FRANCISCO NATIVITY | |||||||
| 245 LINDEN ST | SAN FRANCISCO | CA | 94102 | NONE | RELIGIOUS ORGANIZATI | FOR GENERAL PURPOSES | $2,500 |
| SMALL STEPS NURTURING CENTER | |||||||
| 1709 DEPELCHIN ST | HOUSTON | TX | 77007 | NONE | EDUCATIONAL INSTITUI | FOR GENERAL PURPOSES | $5,000 |
| SEARCH HOMELESS SERVICES | |||||||
| 2015 CONGRESS AVENUE | HOUSTON | TX | 77002 | NONE | PUBLIC CHARITY | FOR GENERAL PURPOSES | $15,400 |
| SPIRIT OF LIFE CHURCH | |||||||
| 6717 STUEBNER AIRLINE RD | HOUSTON | TX | 77091 | NONE | RELIGIOUS ORGANIZATI | FOR GENERAL PURPOSES | $1,000 |
| ST THOMAS | |||||||
| 3800 MONTROSE | HOUSTON | TX | 77006 | NONE | RELIGIOUS ORGANIZATI | FOR GENERAL PURPOSES | $5,000 |
| STUDENTS FOR LIBERTY | |||||||
| 2221 S CLARK ST 12TH FLOOR | ARLINGTON | VA | 22202 | NONE | PUBLIC CHARITY | FOR GENERAL PURPOSES | $2,500 |
| STRAKE JESUIT COLLEGE PREPARATORY | |||||||
| 8900 BELLAIRE BLVD | HOUSTON | TX | 77036 | NONE | EDUCATIONAL INSTITUI | FOR GENERAL PURPOSES | $10,750 |
| THE FIRST TEE OF GREATER HOUSTON | |||||||
| 5810 WILSON RD STE 112 | HUMBLE | TX | 77396 | NONE | PUBLIC CHARITY | FOR GENERAL PURPOSES | $3,000 |
| THE PERIWINKLE FOUNDATION | |||||||
| 3000 RICHMOND 340 | HOUSTON | TX | 77098 | NONE | PRIVATE FOUNDATION | FOR ENDOWMENT PURPOSES | $250 |
| THE WOODS PROJECT | |||||||
| 2700 SOUTHWEST FREEWAY SUITE B | HOUSTON | TX | 77098 | NONE | PUBLIC CHARITY | FOR GENERAL PURPOSES | $1,000 |
| UNDIES FOR EVERYONE | |||||||
| 4019 S BRAESWOOD | HOUSTON | TX | 77025 | NONE | PUBLIC CHARITY | FOR GENERAL PURPOSES | $5,000 |
| UNBOUND | |||||||
| 1 ELMWOOD AVE | KANSAS CITY | KS | 66103 | NONE | PUBLIC CHARITY | FOR GENERAL PURPOSES | $482 |
| UNIVERSITY OF MIAMI DEPARTMENT OF ATHLETICS | |||||||
| 5821 SAN AMARO DRIVE | CORAL GABLES | FL | 33146 | NONE | EDUCATIONAL INSTITUI | TO FUND SCHOLARSHIP PROGRAM | $13,558 |
| UNIVERSITY OF MIAMI HYPERION COUNCIL FUND | |||||||
| 5821 SAN AMARO DRIVE | CORAL GABLES | FL | 33146 | NONE | EDUCATIONAL INSTITUI | TO FUND SCHOLARSHIP PROGRAM | $2,500 |
| GIMME SHELTER FOUNDATION | |||||||
| 2120 NOISETTE BLVD STE 124 | NORTH CHARLESTON | SC | 29405 | NONE | PUBLIC CHARITY | FOR GENERAL PURPOSES | $15,000 |
| THE PARISH SCHOOL | |||||||
| 11001 HAMMERLY BLVD | HOUSTON | TX | 77043 | NONE | EDUCATIONAL INSTITUI | FOR GENERAL PURPOSES | $5,000 |
| BELLAIRE PARK | |||||||
| 7008 FIFTH STREET | BELLAIRE | TX | 77401 | NONE | PUBLIC CHARITY | FOR GENERAL PURPOSES | $2,500 |
| THE TABLE COMMUNITY FOUNDATION | |||||||
| 10940 TRINITY PKWY SUITE C238 | STOCKTON | CA | 95219 | NONE | PUBLIC CHARITY | FOR GENERAL PURPOSES | $2,075 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $207,472 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,294 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $82,025 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $135,853 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $221,172 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $221,172 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (3 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| PAUL J POSOLI | |||||||
| 1 | 5311 VALERIE ST | BELLAIRE | TX | 77401 | $120,000 | Yes (X) | |
| PAUL J POSOLI | |||||||
| 2 | 5311 VALERIE ST | BELLAIRE | TX | 77401 | $190,000 | Yes (X) | |
| PAUL J POSOLI | |||||||
| 3 | 5311 VALERIE ST | BELLAIRE | TX | 77401 | $191,798 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 3 | ContributorNum |
| Noncash Property | 1,758 SHARES OF JPMORGAN CHASE & CO. | NoncashPropertyDesc |
| Fair Market Value | $191,798 | FairMarketValueAmt |
| Received | 2017-12-27 | ReceivedDt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | BERNSTEIN & CO., LLC | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $3,952,444 | BookValueAmt |
| EOYFMV | $4,326,529 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| LEGAL & PROFESSIONAL FEES | $3,500 | $1,750 | $0 | $0 |
| INVESTMENT MANAGEMENT FEES | $22,544 | $22,544 | $0 | $0 |
| BANK FEES | $60 | $60 | $0 | $0 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd |
|---|---|---|---|
| PAUL JOSEPH POSOLI | |||
| 5311 VALERIE ST | BELLAIRE | TX | 77401 |
| JOY MICHELLE POSOLI | |||
| 5311 VALERIE ST | BELLAIRE | TX | 77401 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FOREIGN TAXES PAID | $1,506 | $1,506 | $0 | $0 |
| 990-PF TRUST EXCISE TAXES | $4,697 | $0 | $0 | $0 |
Comments