BETA

JAMES AND ELIZABETH SOWELL FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
JAMES AND ELIZABETH SOWELL FOUNDATION (EIN 75-2641436)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-06-20
IRS object ID
201721719349100602
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)
Return2017-06-20T10:31:29-05:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN752641436EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JAMES AND ELIZABETH SOWELL FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJAMEBusinessNameControlTxt
Phone2148713320PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11601 ELM STREET SUITE 3500AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75201ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES E SOWELLPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2148713320PhoneNum
Signature2017-06-19SignatureDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address38.96.197.122IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-06-20IPDt
IP Tm10:31:22IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdFA4C0EFAB76B5F14148124D03D7C441C8DE592B5AtSubmissionCreationDeviceId
At Submission Filing Device IdFA4C0EFAB76B5F14148124D03D7C441C8DE592B5AtSubmissionFilingDeviceId
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$9,008,421FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$1,048InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,048InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$87,973DividendsRevAndExpnssAmt
Dividends Net Invst Incm$87,973DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$75,903NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,120,395GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$75,903CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$164,924TotalRevAndExpnssAmt
Total Net Invst Incm$164,924TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Interest Rev And Expnss$502InterestRevAndExpnssAmt
Interest Net Invst Incm$280InterestNetInvstIncmAmt
Interest Dsbrs Chrtbl$0InterestDsbrsChrtblAmt
Taxes Rev And Expnss$23,369TaxesRevAndExpnssAmt
Taxes Net Invst Incm$10TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss-$67,204OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$16,717OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$0OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss-$43,333TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$17,007TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$634,840ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$634,840ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$591,507TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$17,007TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$634,840TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$426,583ExcessRevenueOverExpensesAmt
Net Investment Income$147,917NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$517,723SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,799,630SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,799,630SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,314,589CorporateStockBOYAmt
Corporate Stock EOY$418,486CorporateStockEOYAmt
Corporate Stock EOYFMV$762,438CorporateStockEOYFMVAmt
Other Investments BOY$5,235,196OtherInvestmentsBOYAmt
Other Investments EOY$4,422,809OtherInvestmentsEOYAmt
Other Investments EOYFMV$6,446,353OtherInvestmentsEOYFMVAmt
Total Assets BOY$7,067,508TotalAssetsBOYAmt
Total Assets EOY$6,640,925TotalAssetsEOYAmt
Total Assets EOYFMV$9,008,421TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$2,281,398AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$2,281,398AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$4,786,110RetainedEarningBOYAmt
Retained Earning EOY$4,359,527RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$7,067,508TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$6,640,925TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$7,067,508TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$6,640,925TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$7,067,508TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$426,583ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$6,640,925SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$6,640,925TotNetAstOrFundBalancesEOYAmt

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
20947 SH INDEPENDENT BANK GROUPD2005-12-232016-03-31$905,773$628,422$277,351$277,351
MS FINANCIAL, INC.D2005-12-232016-06-28$179,760$267,680-$87,920-$87,920
FROM K-1 - BLACKETT CAPITAL MANAGEMENT LPP2014-07-032016-12-31$81,626-$81,626-$81,626
FROM K-1 - SERVICE EQUITY PARTNERSP2005-12-232016-12-31$531-$531-$531
FROM K-1 - MEDIPHASE VENTURE FUNDP2005-12-232016-12-31$9,365$9,365$9,365
FROM K-1 - MEDIPHASE ANNEX FUNDP2005-12-232016-12-31$25,497$25,497$25,497
FROM K-1 - BLACKETT CAPITAL MANAGEMENT LPP2014-07-032016-12-31$22,295-$22,295-$22,295
FROM K-1 - SERVICE EQUITY PARTNERSP2005-12-232016-12-31$19,440-$19,440-$19,440
FROM K-1 - TL VENTURES V INTERFUNDP2005-12-232016-12-31$24,498-$24,498-$24,498
FieldValueIRS element (for citing)
Capital Gain Net Income$75,903CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 Tax0LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$643,811AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$9,031,229NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.071287DistributionYr1Rt
Adjusted Qlfy Distri Yr2$543,868AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$8,336,271NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.065241DistributionYr2Rt
Adjusted Qlfy Distri Yr3$505,561AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$8,585,805NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.058883DistributionYr3Rt
Adjusted Qlfy Distri Yr4$501,882AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$8,023,896NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.062548DistributionYr4Rt
Adjusted Qlfy Distri Yr5$701,552AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$6,593,707NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.106397DistributionYr5Rt
Total Distribution0.364356TotalDistributionRt
Average Distribution0.072871AverageDistributionRt
Net Vl Noncharitable Assets$8,329,773NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$606,999AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$1,479NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$608,478AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$634,840QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$1,479InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$1,479SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$1,479TaxBasedOnInvestmentIncomeAmt
Applied To Es Tax$6,100AppliedToEsTaxAmt
Total Payments And Credits$6,100TotalPaymentsAndCreditsAmt
Es Penalty$44EsPenaltyAmt
Overpayment$4,577OverpaymentAmt
Applied To ES Tax$1,480AppliedToESTaxAmt
Refund$3,097RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsYes (1)ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial ContributorsYes (1)NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksSRIRAM SRINIVASANIndividualWithBooksNm
Phone2148713320PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11601 ELM STREET SUITE 3500AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75201ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business HoldingsYes (1)BusinessHoldingsInd
Excess Business Holdings0ExcessBusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JAMES E SOWELL
1601 ELM STREET SUITE 3500DALLASTX75201PRESIDENT/DIRECTOR1.00$0$0$0
ELIZABETH F SOWELL
1601 ELM STREET SUITE 3500DALLASTX75201VICE PRESIDENT/DIRECTOR1.00$0$0$0
BENJAMIN A LURIE
1601 ELM STREET SUITE 3500DALLASTX75201SECRETARY/TREASURER/DIRECT1.00$0$0$0
ZACHARY E SOWELL
1601 ELM STREET SUITE 3500DALLASTX75201DIRECTOR1.00$0$0$0
LARRY JAMES
1601 ELM STREET SUITE 3500DALLASTX75201DIRECTOR1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,070,067AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$940,202AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$6,446,353FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$8,456,622TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$8,456,622AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$126,849CashDeemedCharitableAmt
Net Vl Noncharitable Assets$8,329,773NetVlNoncharitableAssetsAmt
Minimum Investment Return$416,489MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$416,489MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,479TaxBasedOnInvestmentIncomeAmt
Total Tax$1,479TotalTaxAmt
Distributable Before Adj$415,010DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$415,010DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$415,010DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$634,840ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$634,840QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$1,479PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$633,361AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$415,010DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$377,701ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$130,797ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$89,730ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$140,848ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$216,444ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$955,520TotalExcessDistributionCyovAmt
Qualifying Distributions$634,840QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$415,010AppliedToCurrentYearAmt
Remaining Distri From Corpus$219,830RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$1,175,350TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$377,701ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$797,649ExcessDistriCyovToNextYrAmt
Excess From Year4$130,797ExcessFromYear4Amt
Excess From Year3$89,730ExcessFromYear3Amt
Excess From Year2$140,848ExcessFromYear2Amt
Excess From Year1$216,444ExcessFromYear1Amt
Excess From Current Year$219,830ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJAMES E SOWELLContributingManagerNm
Contributing ManagerELIZABETH F SOWELLContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CITYSQUARE
511 N AKARD ST STE 302DALLASTX75201NONE501(C)(3)CHARITABLE$609,840
ON THE ROAD LENDING
4141 OFFICE PARKWAYDALLASTX75204NONE501(C)(3)CHARITABLE$25,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$634,840TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,048ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$87,973ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$75,903ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$164,924ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$164,924TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
GRAND BANK/INDEPENDENT BANK$318,486$662,438
SOVERIGN BANCSHARES$100,000$100,000
MAIN STREET NATIONAL BANK$0$0

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (6 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
SERVICE EQUITY PARTNERSHIPAT COST$51,051$107,187
TL VENTURES V INTERFUNDAT COST$53,270$53,270
BLACKETT CAPITAL MANAGEMENT, LPAT COST$1,265,927$1,265,927
TRANSAMERICA LIFE INSURANCE POLICYAT COST$2,771,701$4,739,828
MEDIPHASE VENTURE PARTNERSHIPAT COST$127,961$127,961
MEDIPHASE ANNEX FUNDAT COST$152,899$152,180

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FROM K-1 MEDIPHASE VENTURE$3,223$3,223$0
FROM K-1 MEDIPHASE ANNEX$6,297$6,297$0
FROM K-1 BLACKETT CAPITAL LP$4,862$4,862$0
FROM K-1 SERVICE EQUITY PARTNERS$1,069$1,069$0
FROM K-1 TL VENTURES V INTERFUND$1,266$1,266$0
BOOK/TAX DIFFERENCES FROM K-1-$83,921$0$0

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonJAMES E SOWELLPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11601 ELM STREET SUITE 3500AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75201ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CA FILING FEE$10$10$0
FEDERAL EXCISE TAX$23,359$0$0

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.