FOUNDATION FOR TRUTH: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- FOUNDATION FOR TRUTH (EIN 45-2747584)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-11-14
- IRS object ID
- 201603199349101825
- Schema version
- 2015v2.0
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Land Schedule2
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-11-14T11:41:00-08:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Blazek & Vetterling | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 Weslayan Suite 200 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 770275132 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 452747584 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation for Truth | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FOUN | BusinessNameControlTxt |
| Phone | 3259428984 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3140 Executive Drive | AddressLine1Txt |
| City | San Angelo | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76904 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DENNIS REED | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2016-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Amanda Adams | PreparerPersonNm |
| PTIN | P00748038 | PTIN |
| Phone | 7134395739 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $28,089,535 | 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 | $105,487 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $22 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $22 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $190,690 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $189,702 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $196,716 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,600,722 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $196,716 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,821,119 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,825,019 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,314,034 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,211,459 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $37,388 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $37,388 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $68,986 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $68,986 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $9,810 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $9,810 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $17,956 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $17,956 | LegalFeesNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $23,196 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $11,597 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $11,597 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $49,069 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $49,069 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $138,563 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $138,563 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $73,447 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $67,452 | DeprecAndDpltnNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $17,756 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $11,539 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $6,217 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $70,069 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $34,991 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $35,060 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $506,240 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $331,167 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $169,058 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $964,100 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $964,100 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,470,340 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $331,167 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,133,158 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $843,694 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,880,292 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $343,531 | CashBOYAmt |
| Cash EOY | $520,214 | CashEOYAmt |
| Cash EOYFMV | $520,214 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $279,840 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $56,588 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $56,588 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $19,822 | USGovernmentObligationsBOYAmt |
| Corporate Stock BOY | $9,894,833 | CorporateStockBOYAmt |
| Corporate Stock EOY | $10,575,078 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $9,408,858 | CorporateStockEOYFMVAmt |
| Invst Land Cost Or Other Basis | $12,555,642 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $93,437 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $12,322,333 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $12,462,205 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $13,718,031 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $1,249,684 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,345,647 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,328,374 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $133,798 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $10,926 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $128,867 | LandBOYAmt |
| Land EOY | $122,872 | LandEOYAmt |
| Land EOYFMV | $122,872 | LandEOYFMVAmt |
| Other Assets BOY | $19,466,688 | OtherAssetsBOYAmt |
| Other Assets EOY | $19,466,688 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $2,934,598 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $43,705,598 | TotalAssetsBOYAmt |
| Total Assets EOY | $44,549,292 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $28,089,535 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $43,705,598 | CapitalStockBOYAmt |
| Capital Stock EOY | $44,549,292 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $43,705,598 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $44,549,292 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $43,705,598 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $44,549,292 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $43,705,598 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $843,694 | ExcessRevenueOverExpensesAmt |
| Subtotal | $44,549,292 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $44,549,292 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| Publicly traded securities | P | $1,401,287 | $1,404,006 | -$2,719 | -$2,719 | ||
| Capital gain distributions | P | $195,531 | $195,531 | $195,531 | |||
| Passthrough K-1 Capital Gain | P | $12 | $12 | $12 | |||
| Goats | P | $3,892 | $3,892 | $3,892 | 2001-01-01 | 2015-01-01 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $196,716 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $12 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $935,831 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $27,645,457 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.03385 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $955,301 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $23,250,386 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.04109 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $397,873 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $23,690,173 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.01680 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $26,918 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $2,369,295 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.01136 | DistributionYr4Rt |
| Total Distribution | 0.103095 | TotalDistributionRt |
| Average Distribution | 0.025774 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $27,831,097 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $717,319 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $18,803 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $736,122 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,133,158 | 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 | $18,803 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $18,803 | SubtotalAmt |
| Tax Based On Investment Income | $18,803 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $49,243 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $49,243 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $30,440 | OverpaymentAmt |
| Applied To ES Tax | $30,440 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | false | Form990TFiledInd |
| 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 | Yes (true) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Dennis Reed | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3259428984 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3140 Executive Drive | AddressLine1Txt |
| City | San Angelo | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76904 | 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 | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | 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 | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | false | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Dennis Reed | ||||||
| 3140 Executive Drive | San Angelo | TX | 76904 | President | 25.00 | $0 |
| Leonard M Light | ||||||
| 3140 Executive Drive | San Angelo | TX | 76904 | Vice President | 1.00 | $0 |
| Donald W McKee Jr | ||||||
| 3140 Executive Drive | San Angelo | TX | 76904 | Secretary/Treas | 1.00 | $0 |
| Bryan Braswell | ||||||
| 3140 Executive Drive | San Angelo | TX | 76904 | Director | 20.00 | $37,388 |
| Morey Mast | ||||||
| 3140 Executive Drive | San Angelo | TX | 76904 | Director | 1.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Heartland Buildings & Construction | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3104 Hwy 377 South | AddressLine1Txt |
| City | Brownwood | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Metalwork | ServiceTypeTxt |
| Compensation | $62,255 | CompensationAmt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | The Foundation's evangelism program includes the purchase and broadcast of evangelistic videos; the purchase and distribution of evangelistic literature and materials to congregations of the Church of Christ and various individuals within the United States as well as abroad; all of which promote the gospel of Christ. Rick Popejoy, employee of the Foundation, also conducts direct evangelistic activities in the community. | Description1Txt |
| Expenses1 | $31,486 | Expenses1Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $9,964,764 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $456,974 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $17,833,183 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $28,254,921 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $28,254,921 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $423,824 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $27,831,097 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,391,555 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,391,555 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $18,803 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $18,803 | TotalTaxAmt |
| Distributable Before Adj | $1,372,752 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,372,752 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,372,752 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,133,158 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $1,133,158 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $18,803 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,114,355 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,372,752 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,109,981 | UndistributedIncomePYAmt |
| Qualifying Distributions | $1,133,158 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,109,981 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $23,177 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $1,349,575 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | CityRecipientForeignAddress/CityNm | Province Or StateRecipientForeignAddress/ProvinceOrStateNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gospel Broadcasting Network | ||||||||||||
| 8900 Germantown Rd | Olive Branch | MS | 38654 | N/A | PC | Development of live call-in television program | $23,000 | |||||
| New Mexico Christian Children's Hom | ||||||||||||
| 1356 NM 236 | Portales | NM | 88130 | N/A | PC | "Putting families together" adoption mission | $20,000 | |||||
| World Video Bible School | ||||||||||||
| 25 Lantana Lane | Maxwell | TX | 78656 | N/A | PC | General operating expenses | $185,000 | |||||
| Hillcrest Church Of Christ | ||||||||||||
| 2535 Northwest Loop | Stephenville | TX | 76825 | N/A | PC | "Harris & Moore" Christian radio program | $12,000 | |||||
| Crossville Church Of Christ | ||||||||||||
| PO Box 211 | Crossville | TN | 38557 | N/A | PC | Mission work in India, including land purchase for new orphanage and assistance for bible training schools | $374,300 | |||||
| Sierra Ventana Church Of Christ | ||||||||||||
| N/A | PC | Monthly support, mission work, radio program, and travel | $72,800 | Sierra Gandara 3912-A | Sierra Ventana | Monterrey | MX | 64780 | ||||
| San Angelo Area Foundation | ||||||||||||
| 2201 Sherwood Way Ste 205 | San Angelo | TX | 76901 | N/A | PC | Flynn Endowment Fund, a DAF created to fund children's issues | $125,000 | |||||
| 9th And Main Church Of Christ | ||||||||||||
| 910 North Main Street | San Angelo | TX | 76903 | N/A | PC | Advertising and radio broadcast assistance | $75,000 | |||||
| Melrose Church Of Christ | ||||||||||||
| 221 Main Street | Melrose | NM | 88124 | N/A | PC | Cambodian mission | $18,000 | |||||
| Handley Church Of Christ | ||||||||||||
| PO Box 8733 | Fort Worth | TX | 76124 | N/A | PC | Kakinada School of Preaching in India | $24,000 | |||||
| Bangs Church of Christ | ||||||||||||
| PO Box 41 | Bangs | TX | 76823 | N/A | PC | Billboard advertising and radio installation | $35,000 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $964,100 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Gospel Broadcasting Network | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8900 Germantown Road | AddressLine1Txt |
| City | Olive Branch | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 38654 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | To support live call-in television program | GrantOrContributionPurposeTxt |
| Amt | $18,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $18,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $22 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $190,690 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $196,716 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (5 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|---|---|
| Damages | 18 | $68,276 | ||
| Easements and ROW | 18 | $50,894 | ||
| Passthrough K-1 income | 14 | $13 | 525990 | -$3,900 |
| Ranch leases | 16 | $77,414 | ||
| Royalties | 15 | $1,628,422 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$3,900 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,212,447 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,208,547 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| Dennis Reed | |||||||
| 1 | 3140 Executive Dr | San Angelo | TX | 76904 | $36,000 | Yes (X) | |
| Estate of Billy P Flynn | |||||||
| 2 | 6359 Indian Path | San Angelo | TX | 769014917 | $69,487 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 2 | ContributorNum |
| Noncash Property | 809 Shares Exxon Mobil Corporation | NoncashPropertyDesc |
| Fair Market Value | $69,487 | FairMarketValueAmt |
| Received | 2015-01-15 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Bookkeeping, asset maintenance | $18,865 | $9,432 | $0 | $9,433 |
| Tax compliance | $4,331 | $2,165 | $0 | $2,164 |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (42 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| 2 Laptops | 2012-03-21 | $1,548 | $852 | SL | 5.0000 | $310 | |
| Metal Detector | 2012-03-21 | $250 | $138 | SL | 5.0000 | $50 | $50 |
| Apple Ipad | 2012-08-08 | $859 | $416 | SL | 5.0000 | $172 | |
| Apple Ipad | 2012-08-11 | $619 | $300 | SL | 5.0000 | $124 | |
| 16' Trailer | 2012-11-20 | $2,100 | $875 | SL | 5.0000 | $420 | $420 |
| Polaris Atv | 2012-11-23 | $13,003 | $5,419 | SL | 5.0000 | $2,601 | $2,601 |
| Water Wells - Sutton | 2012-10-29 | $35,390 | $7,668 | SL | 10.0000 | $3,539 | $3,539 |
| Used Suzuki Atv | 2013-08-28 | $1,600 | $427 | SL | 5.0000 | $320 | $320 |
| Fence Materials-Sutton Ct | 2013-12-19 | $7,200 | $720 | SL | 10.0000 | $720 | $720 |
| Ipad/Case | 2013-02-10 | $625 | $240 | SL | 5.0000 | $125 | |
| Kubota Tractor & Shredder | 2014-10-07 | $73,876 | $1,847 | SL | 10.0000 | $7,388 | $7,388 |
| Video Camera Accys | 2014-01-25 | $2,104 | $386 | SL | 5.0000 | $421 | |
| Panasonic AG-HPX250 Camer | 2014-03-10 | $4,725 | $788 | SL | 5.0000 | $945 | |
| 3337 Vista del Arroyo-Hse | 2014-06-30 | $113,167 | $1,886 | SL | 30.0000 | $3,772 | |
| Refrigerator | 2014-07-10 | $632 | $63 | SL | 5.0000 | $126 | |
| Kubota Skid Steer | 2014-11-10 | $66,001 | $1,100 | SL | 10.0000 | $6,600 | $6,600 |
| 7' Front Mower | 2014-11-10 | $3,500 | $58 | SL | 10.0000 | $350 | $350 |
| Cross Fence - Sutton | 2014-06-20 | $3,651 | $183 | SL | 10.0000 | $365 | $365 |
| Ranch house furn - Irion | 2014-03-20 | $500 | $38 | SL | 10.0000 | $50 | $50 |
| Solar Well Eq - Ne Well | 2014-06-20 | $5,632 | $282 | SL | 10.0000 | $563 | $563 |
| Solar Well Eq - Duck pd | 2014-06-20 | $4,046 | $202 | SL | 10.0000 | $405 | $405 |
| Solar Well Eq - Switank | 2014-06-20 | $4,069 | $203 | SL | 10.0000 | $407 | $407 |
| 12.1 Miles of High Fence | 2014-11-03 | $304,371 | $5,073 | SL | 10.0000 | $30,437 | $30,437 |
| WW Pinto - Kinney | 2014-07-18 | $17,220 | $718 | SL | 10.0000 | $1,722 | $1,722 |
| Cameras (sec/surveys) | 2014-09-06 | $2,976 | $198 | SL | 5.0000 | $595 | $595 |
| Feeders | 2014-09-30 | $9,200 | $230 | SL | 10.0000 | $920 | $920 |
| Washer and dryer | 2014-11-08 | $758 | $25 | SL | 5.0000 | $152 | $152 |
| Hunting stands & feeders | 2014-11-15 | $34,875 | $581 | SL | 10.0000 | $3,488 | $3,488 |
| Sprayer | 2015-08-26 | $2,570 | SL | 10.0000 | $86 | $86 | |
| Stand & Feeders | 2015-09-22 | $3,563 | SL | 10.0000 | $89 | $89 | |
| Front Pasture WW | 2015-11-13 | $6,617 | SL | 10.0000 | $110 | $110 | |
| Lightning Fire WW | 2015-11-13 | $7,166 | SL | 10.0000 | $119 | $119 | |
| Caliche Pit WW | 2015-11-13 | $9,782 | SL | 10.0000 | $163 | $163 | |
| Central Valley WW | 2015-11-13 | $8,435 | SL | 10.0000 | $141 | $141 | |
| New Swim TK WW | 2015-11-13 | $2,837 | SL | 10.0000 | $47 | $47 | |
| New Pinto WW Solar EQ | 2015-03-04 | $3,193 | SL | 10.0000 | $266 | $266 | |
| HF 600 South WW | 2015-03-04 | $7,372 | SL | 10.0000 | $614 | $614 | |
| 5 3000LB Protein Feeders | 2015-03-19 | $10,866 | SL | 10.0000 | $815 | $815 | |
| 2.4 Miles of High Fence | 2015-04-17 | $47,247 | SL | 10.0000 | $3,150 | $3,150 | |
| 40X60 Barn | 2015-09-04 | $71,035 | SL | 39.0000 | $607 | $607 | |
| 2 600LB Feeders | 2015-09-11 | $1,315 | SL | 10.0000 | $44 | $44 | |
| 7 Miles of Water Lines | 2015-11-03 | $6,555 | SL | 10.0000 | $109 | $109 |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Furniture and Fixtures | $500 | $88 | $412 | $412 |
| Machinery and Equipment | $261,843 | $46,023 | $215,820 | $215,820 |
| Buildings | $71,035 | $607 | $70,428 | $70,428 |
| Improvements | $458,197 | $46,719 | $411,478 | $411,478 |
| Land | $11,764,067 | $11,764,067 | $13,019,893 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Lincoln Variable Annuities | AT COST | $1,300,000 | $1,303,106 |
| Plains All American Pipeline LP | AT COST | $45,647 | $25,268 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Machinery and Equipment | $11,112 | $5,268 | $5,844 | $5,844 |
| Buildings | $113,167 | $5,658 | $107,509 | $107,509 |
| Land | $9,519 | $9,519 | $9,519 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Ranch/mineral interest issues | CategoryTxt |
| Legal Fees | $17,956 | LegalFeesAmt |
| Net Investment Income | $17,956 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Oil and gas mineral interests | Desc |
| BOY Book Value | $19,466,688 | BOYBookValueAmt |
| EOY Book Value | $19,466,688 | EOYBookValueAmt |
| EOYFMV | $2,934,598 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Bank charges | $105 | $105 | |
| Evangelism books - see Part IX-A | $17,662 | $17,662 | |
| Evangelistic advertising | $7,200 | $7,200 | |
| Housing expenses | $7,054 | $7,054 | |
| Insurance | $5,979 | $5,979 | |
| Internet | $133 | $133 | |
| K-1 expenses | $160 | $142 | |
| Office expenses | $420 | $420 | |
| Postage & freight | $235 | $235 | |
| Ranch expenses | $28,870 | $28,870 | |
| Repairs/maintenance | $1,844 | $1,844 | |
| Training & development | $407 | $407 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Damages | $68,276 | $68,276 |
| Easements and ROW | $50,894 | $50,894 |
| Passthrough K-1 income | -$3,887 | $13 |
| Ranch leases | $77,414 | $77,414 |
| Royalties | $1,628,422 | $1,628,422 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Investment advisory fees | $37,819 | $37,819 | $0 | $0 |
| Mineral interest consulting fees | $11,250 | $11,250 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Property tax - minerals | $128,157 | $128,157 |
| Property tax - surface | $10,406 | $10,406 |