SUMNERS FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
SUMNERS FOUNDATION (EIN 75-2734032)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-10-05
IRS object ID
201702789349100105
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-10-05T09:09:51-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Sutton Frost Cary LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1600 Six Flags Dr Suite 600AddressLine1Txt
CityArlingtonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76011ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN752734032EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HATTON W SUMNERS FOUNDATION FOR THEBusinessNameLine1Txt
Business Name Line2STUDY & TEACHING OF SELF-GOVERNMENT INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlHATTBusinessNameControlTxt
Phone2142202128PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1325 N ST PAUL STREETAddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75201ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID G DRUMMPersonNm
Person TitleChairmanPersonTitleTxt
Signature2017-10-05SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKimberly D CrawfordPreparerPersonNm
PTINP00446484PTIN
Phone8176498083PhoneNum
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$59,353,571FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$31,300ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$831,467InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$831,467InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$621,213DividendsRevAndExpnssAmt
Dividends Net Invst Incm$621,213DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$286,180NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$11,905,912GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$286,180CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$720,306OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$475,397OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$2,490,466TotalRevAndExpnssAmt
Total Net Invst Incm$2,214,257TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$609,332CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$319,051CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$290,281CompOfcrDirTrstDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$48,271PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$25,262PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl$23,009PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss$488LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$488LegalFeesNetInvstIncmAmt
Accounting Fees Rev And Expnss$25,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$12,500AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$12,500AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$67,102TaxesRevAndExpnssAmt
Taxes Net Invst Incm$19,316TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$10,352TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$51,801DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$51,801DeprecAndDpltnNetInvstIncmAmt
Occupancy Rev And Expnss$47,528OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm$23,764OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl$23,764OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$121,243TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$336TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl$120,907TravConfMeetingDsbrsChrtblAmt
Printing And Pub Rev And Expnss$1,565PrintingAndPubRevAndExpnssAmt
Printing And Pub Net Invst Incm$88PrintingAndPubNetInvstIncmAmt
Printing And Pub Dsbrs Chrtbl$1,477PrintingAndPubDsbrsChrtblAmt
Other Expenses Rev And Expnss$513,820OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$217,450OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$35,364OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,486,150TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$670,056TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$517,654TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$2,401,868ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$2,551,868ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$3,888,018TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$670,056TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$3,069,522TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,397,552ExcessRevenueOverExpensesAmt
Net Investment Income$1,544,201NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$277,256CashBOYAmt
Cash EOY$436,510CashEOYAmt
Cash EOYFMV$436,510CashEOYFMVAmt
Sav And Temp Cash Invst BOY$496,658SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,820,369SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,820,369SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl$156,429AcctRcvblAmt
Acct Rcvbl BOY$128,158AcctRcvblBOYAmt
Acct Rcvbl EOY$156,429AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$156,429AcctRcvblEOYFMVAmt
Prepaid Expenses BOY$48,644PrepaidExpensesBOYAmt
Prepaid Expenses EOY$72,056PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$72,056PrepaidExpensesEOYFMVAmt
Corporate Stock BOY$28,583,109CorporateStockBOYAmt
Corporate Stock EOY$25,532,642CorporateStockEOYAmt
Corporate Stock EOYFMV$25,532,642CorporateStockEOYFMVAmt
Invst Land Cost Or Other Basis$279,402InvstLandCostOrOtherBasisAmt
Land Bldg Investments BOY$279,402LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$279,402LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$279,402LandBldgInvestmentsEOYFMVAmt
Mortgage Loans BOY$6,256,210MortgageLoansBOYAmt
Mortgage Loans EOY$4,389,853MortgageLoansEOYAmt
Mortgage Loans EOYFMV$4,389,853MortgageLoansEOYFMVAmt
Other Investments BOY$23,304,809OtherInvestmentsBOYAmt
Other Investments EOY$26,627,846OtherInvestmentsEOYAmt
Other Investments EOYFMV$26,627,846OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$122,016LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$83,552LandBldgEquipAccumDeprecAmt
Land BOY$47,402LandBOYAmt
Land EOY$38,464LandEOYAmt
Land EOYFMV$38,464LandEOYFMVAmt
Total Assets BOY$59,421,648TotalAssetsBOYAmt
Total Assets EOY$59,353,571TotalAssetsEOYAmt
Total Assets EOYFMV$59,353,571TotalAssetsEOYFMVAmt
Accounts Payable BOY$153,578AccountsPayableBOYAmt
Accounts Payable EOY$15,040AccountsPayableEOYAmt
Other Liabilities BOY$60,867OtherLiabilitiesBOYAmt
Total Liabilities BOY$214,445TotalLiabilitiesBOYAmt
Total Liabilities EOY$15,040TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$59,207,203UnrestrictedBOYAmt
Unrestricted EOY$59,338,531UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$59,207,203TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$59,338,531TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$59,421,648TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$59,353,571TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$59,207,203TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,397,552ExcessRevenueOverExpensesAmt
Other Increases$1,528,880OtherIncreasesAmt
Subtotal$59,338,531SubtotalAmt
Tot Net Ast Or Fund Balances EOY$59,338,531TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
BROADVIEW OPPORTUNITY FUNDP2010-01-012016-10-31$425,000$486,222-$61,222-$61,222
LAZARD INTL EQUTYP2010-01-012016-10-31$380,000$386,775-$6,775-$6,775
LEGG MASON CLEARRIDGEP2010-01-012016-10-31$3,685,409$4,132,761-$447,352-$447,352
NUANCE CONCENTRATED VALUEP2016-01-012016-10-31$450,000$458,536-$8,536-$8,536
VANGUARD INSTITUTIONAL INDEXP2010-01-012016-01-01$3,515,000$2,813,473$701,527$701,527
WILLIAMS BLAIR EMERGING MARKETSP2010-01-012016-10-31$320,000$283,017$36,983$36,983
HERITAGE BUILDINGP2010-01-012016-01-15$692,600$612,840$79,760$79,760
GRAHAM ASSET SALEP2010-01-012016-06-30$413,791$468,995-$55,204-$55,204
LINX FUND iP2010-01-012016-06-30$2,024,112$1,977,113$46,999$46,999
FieldValueIRS element (for citing)
Capital Gain Net Income$286,180CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$8,536NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$3,180,483AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$68,089,950NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.04671DistributionYr1Rt
Adjusted Qlfy Distri Yr2$2,817,981AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$63,287,615NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.04453DistributionYr2Rt
Adjusted Qlfy Distri Yr3$2,912,987AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$61,461,439NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.04740DistributionYr3Rt
Adjusted Qlfy Distri Yr4$2,881,245AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$58,725,473NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.04906DistributionYr4Rt
Adjusted Qlfy Distri Yr5$2,633,733AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$58,207,876NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.04525DistributionYr5Rt
Total Distribution0.232942TotalDistributionRt
Average Distribution0.046588AverageDistributionRt
Net Vl Noncharitable Assets$62,925,510NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$2,931,574AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$15,442NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$2,947,016AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$3,069,522QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$15,442InvestmentIncomeExciseTaxAmt
Subtotal$15,442SubtotalAmt
Tax Based On Investment Income$15,442TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$106,214EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$106,214TotalPaymentsAndCreditsAmt
Overpayment$90,772OverpaymentAmt
Applied To ES Tax$90,772AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressWWW.HATTONSUMNERS.ORGWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1HUGH C AKINBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2142202128PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1325 NORTH ST PAUL SUITE 3920AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP752013821ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsYes (true)BusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (11 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmt
DAVID G DRUMM
901 MAIN STREET STE 500DALLASTX752023767Chairman2.00$29,909
CHARLES L MOORE
5901-J WYOMING BLVD NE 154ALBUQUERQUENM87109VICE CHAIRMAN2.00$25,122
JERRY D REIS
6012 W CAMPUS CIRCLE DR 210IRVINGTX75063Treasurer2.00$19,545
LON R WILLIAMS
2501 N HARWOOD SUITE 1900DALLASTX75201Secretary2.00$24,911
W DALE CRANE
PO BOX 92817SOUTHLAKETX76092Director2.00$25,000
SCOTT M HIGGINBOTHAM
125 BELLAIRE AVENUEDUMASTX79029Director2.00$24,752
WILLIAM W MEADOWS
421 W 3RD STREET SUITE 800FORT WORTHTX76102Director2.00$21,374
HUGH C AKIN
325 N ST PAUL ST STE 3920DALLASTX75201Executive Dir.40.00$170,500$24,675
MIKE MCELROY
325 N ST PAUL ST STE 3920DALLASTX75201Controller40.00$83,750$12,563
BETH VAN DUYNE
325 N ST PAUL ST STE 3920DALLASTX75201Director2.00$19,663
BRANT C MARTIN
325 N ST PAUL ST STE 3920DALLASTX75201Director2.00$18,648

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp

FieldValueIRS element (for citing)
PersonWENDY WERNERPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1325 N ST PAUL STREET STE 3920AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75201ZIPCd
FieldValueIRS element (for citing)
TitleEXEC. ASSISTANTTitleTxt
Average Hrs Per Wk Devoted To Pos40.00AverageHrsPerWkDevotedToPosRt
Compensation$70,100CompensationAmt
Employee Benefits$10,515EmployeeBenefitsAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$26,928,308AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,367,317AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$34,588,141FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$63,883,766TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$63,883,766AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$958,256CashDeemedCharitableAmt
Net Vl Noncharitable Assets$62,925,510NetVlNoncharitableAssetsAmt
Minimum Investment Return$3,146,276MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$3,146,276MinimumInvestmentReturnAmt
Tax Based On Investment Income$15,442TaxBasedOnInvestmentIncomeAmt
Total Tax$15,442TotalTaxAmt
Distributable Before Adj$3,130,834DistributableBeforeAdjAmt
Distributable Before Ded$3,130,834DistributableBeforeDedAmt
Distributable As Adjusted$3,130,834DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$3,069,522ExpensesAndContributionsAmt
Qualifying Distributions$3,069,522QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$15,442PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$3,054,080AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$3,130,834DistributableAsAdjustedAmt
Undistributed Income PY$2,767,892UndistributedIncomePYAmt
Qualifying Distributions$3,069,522QualifyingDistributionsAmt
Applied To Year1$2,767,892AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$301,630AppliedToCurrentYearAmt
Undistributed Income CY$2,829,204UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonHUGH C AKINRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1325 N ST PAUL STREET SUITE 3920AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP752013821ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2142202128RecipientPhoneNum
Recipient Email AddressHUGH@HATTONSUMNERS.ORGRecipientEmailAddressTxt
Form And Info And MaterialsLETTER, RESUME OF ORGANIZATION OR PERSON AND OTHER SUPPORTING MATERIAL.FormAndInfoAndMaterialsTxt
Submission DeadlinesVARIOUSSubmissionDeadlinesTxt
Restrictions On AwardsAWARDS ARE LIMITED TO THE STUDY AND TEACHING OF THE SCIENCE OF SELF-GOVERNMENT.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (43 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BAYLOR UNIVERSITY
1311 S 5TH STWACOTX76706NONEPCiENGAGE SUMMER CIVICS$45,000
THE BILL OF RIGHTS INSTITUTE
200 NORTH GLEBE ROADARLINGTONVA22203NONEPCCONSTITUTION SEMINAR N.M.$25,000
FOUNDATION FOR TEACHING ECONOMICS
260 RUSSELL BLVDDAVISCA95616NONEPCECONOMICS EDUCATION PROGRAM$75,000
FUND FOR AMERICAN STUDIES
1706 NEW HAMPSHIRE AVEWASHINGTONDC20009NONEPCUNDERGRAD SCHOLARSHIPS TO WASHINGTON D.C.$48,475
GLASSHOUSE POLICY
1408 E 13TH STREETAUSTINTX78702NONEPCOnline Public Policy Development$50,000
HOWARD PAYNE UNIVERSITY
1000 FISK STREETBROWNWOODTX76801NONEPCScholarship Program Development$10,000
HUSTON-TILLOTSON COLLEGE
900 CHICON STREETAUSTINTX78702NONEPCSUMNERS SCHOLARSHIPS$72,000
IGNITE TEXAS
PO BOX 300182AUSTINTX78703NONEPCCIVIC/POLITICAL ENGAGEMENT BY YOUNG WOMEN$25,000
INSTITUTE FOR POLICY INNOVATION
1660 S INTERSTATE 35-ELEWISVILLETX75067NONEPCHWS DISTINGUISHED LECTURES (#1 OF 2)$75,000
LAW FOCUSED EDUCSTATE BAR OF TEXAS
14651 DALLAS PKWYDALLASTX75254NONEPC"BEING AN AMERICAN" CURRICULUM$27,728
NEW MEXICO FIRST
505 MARQUETTE AVEALBUQUERQUENM87102NONEPCIMPLEMENT PUBLIC EDUCATION AFTER TOWN HALL MEETING$70,000
NEW MEXICO STATE UNIVERSITY FOUNDATION
1780 E UNIVERSITY AVELAS CRUCESNM88003NONEPCDOMENICI PUBLIC POLICY CONFERENCE$25,000
PHILANTHROPY ROUNDTABLE
1730 M STREET NMWASHINGTONDC20036NONEPCGENERAL SUPPORT AND ALLIANCE FOR CHARITABLE REFORM$8,000
SCHREINER UNIVERSITY
2100 SAN ANTONIO HWYKERRVILLETX78028NONEPCWHITEHURST AWARDS$4,500
SMU UNDERGRADUATE SCHOOL
PO BOX 750100DALLASTX75275NONEPCJOHN G. TOWER SUPPLEMENT TO ENDOWMENT$20,000
SOUTHWESTERN UNIVERSITY
1001 E UNIVERSITY AVEGEORGETOWNTX78626NONEPCSUMNERS SCHOLARSHIP PROGRAM$80,000
ST EDWARDS UNIVERSITY
3001 S CONGRESS AVEAUSTINTX78704NONEPCSUMNERS SCHOLARSHIP PROGRAM$80,000
TEXAS CHRISTIAN UNIVERSITY
2800 S UNIVERSITY DRFORT WORTHTX76129NONEPCDISTINGUISHED SCHOLARS (FORMERLY PARTIAL TUITION)$70,000
TEXAS TRIBUNE
823 CONGRESS AVEAUSTINTX78701NONEPCFESTIVAL, CONVERSATION SERIES & SYMPOSIUMS ON PUBLIC POLICY$100,000
TEXAS WESLEYAN UNIVERSITY
1201 WESLEYAN STFORT WORTHTX75105NONEPCSCHOLARSHIP PROGRAM DEVELOPMENT$6,000
UNIVERSITY OF DALLAS
1845 E NORTHGATE DRIRVINGTX75062NONEPCSUMNERS SCHOLARSHIP PROGRAM$100,000
UNIVERSITY OF NORTH TEXAS FOUNDATION
1155 UNION CIRCLEDENTONTX76203NONEPCPUBLIC ADM. FELLOWSHIPS/LIVING ALLOWANCE$153,500
UNIVERSITY OF TEXAS AT AUSTIN
BOX 8058AUSTINTX78712NONEPCANNETTE STRAUS INSTITUTE- NEW POLITICS FORUM$175,000
UNIVERSITY OF SOUTHWEST
6610 N LOVINGTON HWYHOBBSNM88242NONEPCHWS RESPONSIBLE CITIZENSHIP SERIES$18,000
WOODROW WILSON HS COMMUNITY FOUNDATION
100 S GLASSGOWDALLASTX75214NONEPCTEXAS LEADERSHIP PROGRAM$15,000
YMCA ALBUQUERQUE CENTRAL NM
4701 MONTANO RD NMALBUQUERQUENM87120NONEPCYOUTH AND GOVERNMENT$75,000
TEXAS STATE ALLIANCE OF OF YMCAS
3208 RED RIVER STAUSTINTX78705NONEPCYOUTH AND GOVERNMENT$155,000
YMCA OKLAHOMA CITY
100 W MAIN STOKLAHOMA CITYOK73102NONEPCYOUTH AND GOVERNMENT$81,175
AUSTIN COLLEGE
900 N GRAND AVESHERMANTX75090NONEPCCRIMINAL LAW SYMPOSIUM$750
AUSTIN COLLEGE
900 N GRAND AVESHERMANTX75090NONEPCPUBLIC ADMINISTRATION SYMPOSIUM$750
THE BILL OF RIGHTS INSTITUTE
200 NORTH GLEBE ROADARLINGTONVA22203NONEPC"TEXAS CITIZEN BEE" PROGRAM MAINTANANCE$1,440
FUND FOR AMERICAN STUDIES
1706 NEW HAMPSHIRE AVEWASHINGTONDC20009NONEPCSUMNERS SCHOLARSHIPS$4,000
LAW FOCUSED EDUCSTATE BAR OF TEXAS
14651 DALLAS PKWYDALLASTX75254NONEPCTEACHER TRAINING INSTITUTE ON THE FOUNDING DOCUMENTS$300,000
LAW FOCUSED EDUCSTATE BAR OF TEXAS
14651 DALLAS PKWYDALLASTX75254NONEPCTEXAS CITIZEN BEE COMPETITION$40,000
SCHREINER UNIVERSITY
2100 SAN ANTONIO HWYKERRVILLETX78028NONEPCSCHOLARSHIP PROGRAM DEVELOPMENT$8,000
UNIVERSITY OF TEXAS AT AUSTIN
BOX 8058AUSTINTX78712NONEPCLBJ SCHOOL LEADERSHIP CONFERENCE 2006-2018$180,000
NATIONAL CENTER FOR POLICY ANALYSIS
14180 DALLAS PARKWAY 350DALLASTX75254NONEPCHATTON W. SUMNERS LECTURES$75,000
TEXAS CHRISTIAN UNIVERSITY
2800 S UNIVERSITY DRFORT WORTHTX76129NONEPCiENGAGE SUMMER CIVICS INSTITUTE$25,000
WORLD AFFAIRS COUNCIL
325 NORTH ST PAUL STREET 4200DALLASTX75201NONEPCCIVIC PARTICIPATION LECTURE SERIES$7,200
INSTITUTE FOR POLICY INNOVATION
1660 S INTERSTATE 35-ELEWISVILLETX75067NONEPCHWS DISTINGUISHED LECTURES 2 NEW IN 2017$150,000
LIBERTAS ACADEMY
33617 E FOWLER AVETAMPAFL33617NONEPCSPRING CIVICS INSTITUTE: INSTRUCTION AND CURRICULUM$15,000
TEXAS STATE UNIVERSITY
601 UNIVERSITYSAN MARCOSTX78666NONEPCDISCOURSE IN DEMOCRACY PROJECT$5,350
FOUNDATION FOR RESPONSIBLE TELEVISI
2904 FLOYD STREETDALLASTX75204NONEPCMCCUISTION PROGRAMS$50,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$2,551,868TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$831,467ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$621,213ExclusionAmt

Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp

FieldValueIRS element (for citing)
Business531120BusinessCd
Unrelated Business Taxbl Incm-$16,097UnrelatedBusinessTaxblIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$239,181ExclusionAmt
Related Or Exempt Function Incm$46,999RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescOIL & GAS ROYALTIESDesc
Exclusion15ExclusionCd
Exclusion$475,397ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm-$16,097UnrelatedBusinessTaxblIncmAmt
Exclusion$2,167,258ExclusionAmt
Related Or Exempt Function Incm$46,999RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,198,160TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonC GREGORY RODGERSContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11370 BENT TRAILAddressLine1Txt
CitySOUTHLAKECityNm
State AbbreviationTXStateAbbreviationCd
ZIP76092ZIPCd
FieldValueIRS element (for citing)
Total Contributions$10,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$25,000Amt
Net Investment Income$12,500NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$12,500DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
VANGUARD VINIX US BANK$8,809,861$8,809,861
BROADVIEW OPPORTUNITY$3,743,999$3,743,999
NUANCE CONCENTRATE VALUE$3,901,939$3,901,939
BLAIRE BESIX-US BANK$2,369,941$2,369,941
LAZARD INTERNATIONAL STRATEGY$2,987,987$2,987,987
JMGRX-JANIS ENTER FUND$3,718,915$3,718,915

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp

FieldValueIRS element (for citing)
Category Or ItemLandCategoryOrItemTxt
Cost Or Other Basis$279,402CostOrOtherBasisAmt
Book Value$279,402BookValueAmt
EOYFMV$279,402EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (38 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
AMERRA AGRI FUND II LPFMV$1,467,359$1,467,359
WHITEBOX MULTI STRATEGY FUNDFMV$3,435,509$3,435,509
K-18 ML WELSH CARSONFMV$178,800$178,800
ML-K-18-WP TRUST IVFMV$84,447$84,447
KAYNE ANDERSON RE PTNRFMV$499,161$499,161
LINX FUND I LPFMV$4,439,839$4,439,839
CAPITAL ROY PARTNERS IIFMV$1,879,908$1,879,908
TIDELAND ROYALTY TRUST "B"FMV$44,955$44,955
ORRI GULF OF MEXICOFMV$451,983$451,983
ORRI OFFSHORE #2FMV$281,163$281,163
ORRI OKLAHOMA #1FMV$188,039$188,039
ORRI OKLAHOMA #2FMV$132,856$132,856
ORRI KANSASFMV$67,822$67,822
ORRI LOUISIANAFMV$3,545$3,545
ORRI TEXASFMV$6,456$6,456
ORRI OKLAHOMA #3FMV$43,884$43,884
ORRI NEW MEXICO #1FMV$55,337$55,337
ORRI TEXAS #2FMV$27,778$27,778
ORRI TEXAS #3FMV$50,659$50,659
ORRI TEXAS #4FMV$92,064$92,064
ORRI LOUISIANA #2FMV$352$352
ORRI LOUISIANA # 3FMV$19,830$19,830
ORRI TEXAS #5FMV$48,942$48,942
ORRI NEW MEXICO #2FMV$4,416$4,416
ORRI TEXAS # 6FMV$20,793$20,793
ORRI LOUISIANA #5FMV$60,240$60,240
ORRI KANSAS #2FMV$128,578$128,578
ORRI WYOMING #1FMV$202,245$202,245
MADISON 1600 VICEROYFMV$314,571$314,571
BACELINE NO DEBT RE FDFMV$477,167$477,167
BACELINE NOP DEBT IIIFMV$499,784$499,784
BRIARGROVE PLACE OFFICE BUILDINGFMV$1,563,609$1,563,609
TALON 2525 MCKINNONFMV$991,279$991,279
HERITAGE OFFICE BUILDING (PAR CAPITAL)FMV$732,070$732,070
PINNACLE IVFMV$2,239,988$2,239,988
AMERRA AGRI FUND IIIFMV$1,125,382$1,125,382
HACKBERRY CREEKFMV$1,754,308$1,754,308
MADISON, LLCFMV$3,012,728$3,012,728

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemMachinery and EquipmentCategoryOrItemTxt
Cost Or Other Basis$122,016CostOrOtherBasisAmt
Accumulated Depreciation$83,552AccumulatedDepreciationAmt
Book Value$38,464BookValueAmt
EOYFMV$38,464EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$488LegalFeesAmt
Net Investment Income$488NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
INFORMATION TECHNOLOGY$14,157$14,157
INSURANCE$24,052$24,052
INVESTMENT EXPENSES$154,291$3,557$150,734
NEWSLETTER PROGRAM$6,123$6,123
OIL & GAS MAINTENANCE$22,000$22,000
PARKING$6,550$3,275$3,275
POSTAGE$1,201$731$470
Rental Expenses$261,006
REPAIRS & MAINTENANCE$1,496$24$1,472
ROYALTY OIL & GAS EXPENSE$8,455$8,455
SUPPLIES$4,473$2,489$1,984
TELEPHONE$10,016$5,008$5,008

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
OIL & GAS ROYALTIES$475,397$475,397
Rental Income - Noninvestment Property$244,909

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXCISE TAX$37,434
PAYROLL TAX$21,893$11,541$10,352
PROPERTY TAX$7,775$7,775

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