CLEMENTS FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- CLEMENTS FOUNDATION (EIN 75-6065076)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-13
- IRS object ID
- 202523179349102857
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Land Schedule2
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-13T13:56:06-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY ADVISORY GROUP LP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 17 COWBOYS WAY SUITE 800 | AddressLine1Txt |
| City | FRISCO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75034 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 756065076 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLEMENTS FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CLEM | BusinessNameControlTxt |
| Phone | 2147200377 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1901 N AKARD STREET | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75201 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PAULINE S NEUHOFF | PersonNm |
| Person Title | PRES & TRUSTEE | PersonTitleTxt |
| Phone | 2147200377 | PhoneNum |
| Signature | 2025-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KYLE CRAWFORD | PreparerPersonNm |
| PTIN | P01264089 | PTIN |
| Phone | 9727480300 | PhoneNum |
| Preparation | 2025-11-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $37,024,805 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $840,863 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $840,863 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $725,055 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $725,055 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | -$65,364 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $456,355 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,097,013 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $456,355 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $6,660 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $6,660 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,028,933 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,028,933 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $6,800 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $3,400 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $3,400 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $114,501 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $114,501 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $17,601 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $28,904 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $28,904 | DeprecAndDpltnNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $769,566 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $769,021 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $545 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $937,372 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $915,826 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $3,945 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $702,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $702,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,639,872 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $915,826 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $706,445 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $389,061 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,113,107 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,027,129 | CashBOYAmt |
| Cash EOY | $1,098,688 | CashEOYAmt |
| Cash EOYFMV | $1,098,688 | CashEOYFMVAmt |
| Corporate Stock BOY | $14,868,500 | CorporateStockBOYAmt |
| Corporate Stock EOY | $15,020,440 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $27,115,563 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $4,833,890 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $6,799,264 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $6,722,399 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $2,332,959 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $396,013 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $1,632,365 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $1,936,946 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $1,936,946 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $33,780 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $33,780 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $33,780 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $157,722 | OtherAssetsBOYAmt |
| Other Assets EOY | $117,429 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $117,429 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $22,553,386 | TotalAssetsBOYAmt |
| Total Assets EOY | $25,006,547 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $37,024,805 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $58,233 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $58,620 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $58,233 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $58,620 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $22,495,153 | RetainedEarningBOYAmt |
| Retained Earning EOY | $24,947,927 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $22,495,153 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $24,947,927 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $22,553,386 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $25,006,547 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $22,495,153 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $389,061 | ExcessRevenueOverExpensesAmt |
| Other Increases | $2,077,583 | OtherIncreasesAmt |
| Subtotal | $24,961,797 | SubtotalAmt |
| Other Decreases | $13,870 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $24,947,927 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | PUBLICLY TRADED SECURITIES | PropertyDesc |
| Gross Sales Price | $2,097,013 | GrossSalesPriceAmt |
| Cost Or Other Basis | $1,640,658 | CostOrOtherBasisAmt |
| Gain Or Loss | $456,355 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $456,355 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $456,355 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $15,472 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $15,472 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $15,472 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $30,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $30,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $868 | EsPenaltyAmt |
| Overpayment | $13,660 | OverpaymentAmt |
| Applied To ES Tax | $13,660 | 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 | 0 | 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 | PAULINE NEUHOFF | IndividualWithBooksNm |
| Phone | 2147200037 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1901 N AKARD ST | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75201 | 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 | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 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 |
|---|---|---|---|---|---|---|---|---|
| PAULINE S NEUHOFF | ||||||||
| 1901 N AKARD ST | DALLAS | TX | 75201 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| NANCY CLEMENTS SEAY | ||||||||
| 1901 N AKARD ST | DALLAS | TX | 75201 | VICE PRESIDENT | 1.00 | $0 | $0 | $0 |
| MARGARET NAPIER | ||||||||
| 1901 N AKARD ST | DALLAS | TX | 75201 | SECRETARY | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DONALD FERGUSON | |||||
| 13101 PRESTON ROAD 110-760 | DALLAS | TX | 75240 | BUILDING MAINTENANCE | $193,012 |
| NEUHOFF PROPERTY COMPANY MANAGEMENT | |||||
| 4415 W LOVERS LANE 100 | DALLAS | TX | 75209 | MANAGEMENT | $144,301 |
| BANK OF AMERICA | |||||
| PO BOX 653067 | DALLAS | TX | 75265 | INVESTMENT MANAGEMENT | $114,501 |
| ENTECH SALES AND SERVICES | |||||
| 3404 GARDEN BROOK DR | FARMERS BRANCH | TX | 75234 | APPLIANCE MAINTENANCE | $68,708 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $34,108,954 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $271,882 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,970,727 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $36,351,563 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $36,351,563 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $545,273 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $35,806,290 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,790,315 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,790,315 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $15,472 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $15,472 | TotalTaxAmt |
| Distributable Before Adj | $1,774,843 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,774,843 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,774,843 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $706,445 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $706,445 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,774,843 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr4 | $252,941 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr1 | $51,718 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $304,659 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $706,445 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $706,445 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $304,659 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $304,659 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $763,739 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| FORNEY CEMETERY | |||||||
| 401 PINSON RD | FORNEY | TX | 75126 | N/A | PC | FENCE PAINTING FOR FORNEY CEMETERY | $12,500 |
| HIGHLAND PARK EDUCATION FOUNDATION | |||||||
| 4201 GRASSMERE LANE | DALLAS | TX | 75205 | N/A | PC | UNRESTRICTED CHARITABLE GRANT | $50,000 |
| SOUTHERN METHODIST UNIVERSITY | |||||||
| PO BOX 750235 | DALLAS | TX | 75275 | N/A | PC | UNRESTRICTED CHARITABLE GRANT | $575,000 |
| TAOS ART MUSEUM | |||||||
| 227 PASEO DEL PUEBLO NORTE | TAOS | NM | 87571 | N/A | PC | UNRESTRICTED CHARITABLE GRANT | $50,000 |
| WEST DALLAS COMMUNITY SCHOOL | |||||||
| 2300 CANADA DRIVE | DALLAS | TX | 75212 | N/A | PC | UNRESTRICTED CHARITABLE GRANT | $15,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $702,500 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $840,863 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | -$65,364 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,660 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $456,355 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,238,514 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,238,514 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING & TAX FEES | CategoryTxt |
| Amt | $6,800 | Amt |
| Net Investment Income | $3,400 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,400 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (11 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Computation MethodComputationMethodTxt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Prior Year DepreciationPriorYearDepreciationAmt | LifeLifeRt |
|---|---|---|---|---|---|---|---|
| LAND & BLDG | 2011-01-11 | $390,012 | L | $0 | $0 | ||
| LAND & BLDG | 2012-11-28 | $400,386 | L | $0 | $0 | ||
| CAPITAL IMPROV - 2012 | 2013-01-01 | $899,616 | SL | $23,067 | $23,067 | $252,223 | 39.000000000000 |
| CAPITAL IMPROV - 2013 | 2013-06-30 | $12,668 | SL | $325 | $325 | $3,422 | 39.000000000000 |
| CAPITAL IMPROV - 2014 | 2014-08-15 | $5,662 | SL | $145 | $145 | $1,365 | 39.000000000000 |
| FIXTURES & FURNITURE | 2008-01-01 | $81,780 | SL | $0 | $0 | $81,780 | 7.000000000000 |
| CAPITAL IMPROV - 2015 | 2015-06-30 | $9,718 | SL | $249 | $249 | $2,117 | 39.000000000000 |
| CAPITAL IMPROV - 2016 | 2016-06-30 | $5,392 | SL | $138 | $138 | $1,035 | 39.000000000000 |
| CAPITAL IMPROV - 2017 | 2017-12-27 | $10,422 | SL | $267 | $267 | $1,602 | 39.000000000000 |
| CAPITAL IMPROV - 2018 | 2018-12-31 | $183,818 | SL | $4,713 | $4,713 | $23,565 | 39.000000000000 |
| CAPITAL IMPROV - 2024 | 2024-12-16 | $333,485 | SL | $0 | $0 | 39.000000000000 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | FIXED INCOME INVESTMENTS | BondNm |
| EOY Book Value | $6,799,264 | EOYBookValueAmt |
| EOYFMV | $6,722,399 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORPORATE STOCKS | StockNm |
| EOY Book Value | $15,020,440 | EOYBookValueAmt |
| EOYFMV | $27,115,563 | EOYFMVAmt |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (11 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| LAND & BLDG | $390,012 | $0 | $390,012 | $390,012 |
| LAND & BLDG | $400,386 | $0 | $400,386 | $400,386 |
| CAPITAL IMPROV - 2012 | $899,616 | $275,290 | $624,326 | $624,326 |
| CAPITAL IMPROV - 2013 | $12,668 | $3,747 | $8,921 | $8,921 |
| CAPITAL IMPROV - 2014 | $5,662 | $1,510 | $4,152 | $4,152 |
| FIXTURES & FURNITURE | $81,780 | $81,780 | $0 | $0 |
| CAPITAL IMPROV - 2015 | $9,718 | $2,366 | $7,352 | $7,352 |
| CAPITAL IMPROV - 2016 | $5,392 | $1,173 | $4,219 | $4,219 |
| CAPITAL IMPROV - 2017 | $10,422 | $1,869 | $8,553 | $8,553 |
| CAPITAL IMPROV - 2018 | $183,818 | $28,278 | $155,540 | $155,540 |
| CAPITAL IMPROV - 2024 | $333,485 | $0 | $333,485 | $333,485 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | OIL PROPERTIES | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $33,780 | BookValueAmt |
| EOYFMV | $33,780 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (5 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BOOKS | $117,429 | $117,429 | $117,429 |
| PAINTING | $49,955 | $0 | $0 |
| CHSB ADVANCE | $60,000 | $0 | $0 |
| DIVIDENDS RECEIVABLES | -$70,560 | $0 | $0 |
| OIL AND GAS RECEIVABLE | $898 | $0 | $0 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BROKER ADJUSTMENT TO BASIS | Desc |
| Amt | $13,870 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (19 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PRODUCTION COSTS | $7,506 | $7,506 | $0 |
| MISCELLANEOUS | $545 | $0 | $545 |
| CONTRACT LABOR | $57,276 | $57,276 | $0 |
| INSURANCE | $16,511 | $16,511 | $0 |
| POSTAGE | $79 | $79 | $0 |
| ASSET MANAGEMENT FEES | $78,925 | $78,925 | $0 |
| REPAIRS & MAINTENANCE | $290,196 | $290,196 | $0 |
| JANITORIAL | $34,101 | $34,101 | $0 |
| SECURITY | $24,462 | $24,462 | $0 |
| UTILITIES | $88,649 | $88,649 | $0 |
| PARKING | $48,925 | $48,925 | $0 |
| TENANT RELATIONS | $3,274 | $3,274 | $0 |
| LEASING | $8,100 | $8,100 | $0 |
| ACCOUNTING | $1,068 | $1,068 | $0 |
| FEES AND PERMITS | $275 | $275 | $0 |
| PROPERTY TAXES | $51,968 | $51,968 | $0 |
| PAYROLL TAXES | $3,989 | $3,989 | $0 |
| SALARIES | $49,048 | $49,048 | $0 |
| OFFICE SUPPLIES | $4,669 | $4,669 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OIL & GAS PROPERTIES | Desc |
| Revenue And Expenses Per Books | $6,660 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $6,660 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $6,660 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR PERIOD ADJUSTMENT | Desc |
| Amt | $2,077,583 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNEARNED REVENUE | Desc |
| BOY Book Value | $58,233 | BOYBookValueAmt |
| EOY Book Value | $58,620 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT FEES | CategoryTxt |
| Amt | $114,501 | Amt |
| Net Investment Income | $114,501 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL EXCISE TAXES | CategoryTxt |
| Amt | $17,601 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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