SOLWAY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
SOLWAY FOUNDATION (EIN 93-4824630)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-14
IRS object ID
202523189349101712
Schema version
2024v5.0
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)
Return2025-11-14T10:17:49-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN454265166PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ANTHONY & HILL LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11550 NORWOOD STE 406AddressLine1Txt
CityHURSTCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76054ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN934824630EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE SOLWAY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSOLWBusinessNameControlTxt
Phone8174560417PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13851 BLACK CANYON ROADAddressLine1Txt
CityFORT WORTHCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76109ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID BUCHANANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8174560417PhoneNum
Signature2025-11-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHOMAS HILLPreparerPersonNm
PTINP00180846PTIN
Phone8172828008PhoneNum
Preparation2025-11-10PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,061,111FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$15,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$21,592DividendsRevAndExpnssAmt
Dividends Net Invst Incm$15,865DividendsNetInvstIncmAmt
Dividends Adj Net Incm$21,592DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$13,975NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$66,133GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,643CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$50,567TotalRevAndExpnssAmt
Total Net Invst Incm$17,508TotalNetInvstIncmAmt
Total Adj Net Incm$21,592TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$6,500AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$11,332OtherProfFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$17,832TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$50,392ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$50,392ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$68,224TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$50,392TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$17,657ExcessRevenueOverExpensesAmt
Net Investment Income$17,508NetInvestmentIncomeAmt
Adjusted Net Income$21,592AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$293CashBOYAmt
Cash EOY$15,000CashEOYAmt
Cash EOYFMV$15,000CashEOYFMVAmt
Sav And Temp Cash Invst BOY$751,450SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$20,395SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$20,395SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$250,781CorporateStockBOYAmt
Corporate Stock EOY$1,025,716CorporateStockEOYAmt
Corporate Stock EOYFMV$1,025,716CorporateStockEOYFMVAmt
Total Assets BOY$1,002,524TotalAssetsBOYAmt
Total Assets EOY$1,061,111TotalAssetsEOYAmt
Total Assets EOYFMV$1,061,111TotalAssetsEOYFMVAmt
Deferred Revenue EOY$76,244DeferredRevenueEOYAmt
Total Liabilities EOY$76,244TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,002,524CapitalStockBOYAmt
Retained Earning EOY$984,867RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,002,524TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$984,867TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,002,524TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,061,111TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,002,524TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$17,657ExcessRevenueOverExpensesAmt
Subtotal$984,867SubtotalAmt
Tot Net Ast Or Fund Balances EOY$984,867TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$1,643CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$243InvestmentIncomeExciseTaxAmt
Subtotal$243SubtotalAmt
Tax Based On Investment Income$243TaxBasedOnInvestmentIncomeAmt
Tax Due$243TaxDueAmt

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 LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
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 AddressN/AWebsiteAddressTxt
Individual With BooksDAVID BUCHANANIndividualWithBooksNm
Phone8174560417PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13851 BLACK CANYON ROADAddressLine1Txt
CityFORT WORTHCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76109ZIPCd
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 PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
KRISTIN BUCHANAN
3851 BLACK CANYON ROADFORT WORTHTX76109SECRETARY5.00$0$0$0
KRISTIN BUCHANAN
3851 BLACK CANYON ROADFORT WORTHTX76109TREASURER5.00$0$0$0
DAVID BUCHANAN
3851 BLACK CANYON ROADFORT WORTHTX76109PRESIDENT10.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$884,885AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$84,411AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$969,296TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$969,296AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$14,539CashDeemedCharitableAmt
Net Vl Noncharitable Assets$954,757NetVlNoncharitableAssetsAmt
Minimum Investment Return$47,738MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$47,738MinimumInvestmentReturnAmt
Tax Based On Investment Income$243TaxBasedOnInvestmentIncomeAmt
Total Tax$243TotalTaxAmt
Distributable Before Adj$47,495DistributableBeforeAdjAmt
Distributable Before Ded$47,495DistributableBeforeDedAmt
Distributable As Adjusted$47,495DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$50,392ExpensesAndContributionsAmt
Qualifying Distributions$50,392QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$47,495DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$4,621ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$4,621TotalExcessDistributionCyovAmt
Qualifying Distributions$50,392QualifyingDistributionsAmt
Applied To Current Year$47,495AppliedToCurrentYearAmt
Remaining Distri From Corpus$2,897RemainingDistriFromCorpusAmt
Total Corpus$7,518TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$7,518ExcessDistriCyovToNextYrAmt
Excess From Year1$4,621ExcessFromYear1Amt
Excess From Current Year$2,897ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerDAVID BUCHANANContributingManagerNm
Contributing ManagerKRISTIN BUCHANANContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ST JUDE
262 DANNY THOMAS PLACEMEMPHISTN38105501C3CANCER TREATMENT$22,463
BROACH FOUNDATION
2726 BISSONNET STE 240-60HOUSTONTX77005501C3CANCER TREATMENT$5,000
MCCLEAN
3816 STADIUM DRFORT WORTHTX76109EDUCATION$1,158
PURE ADEVENTURE
PO BOX 101104FORT WORTHTX76185PARENTAL CONNECTION TOOLS$5,000
OVERTON PARK
4865 BRIARHAVEN RDFORT WORTHTX76109EDUCATION$1,000
DSPNT
1000 BONNIE BRAE AVE STEFORT WORTHTX76111DOWN SYNDROME RESEARCH$1,119
THE WARM PLACE
809 LIPSCOMB STFORT WORTHTX76107501C3GRIEF SUPPORT$14,652
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$50,392TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$21,592ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion25ExclusionCd
Exclusion$13,975ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$35,567ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$35,567TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
4ENHANCE CHILDRENS LIVES
8ENHANCE CHILDRENS LIVES

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
DAVID BUCHANAN
13851 BLACK CANYONFORT WORTHTX76109$7,500Yes (X)
KRISTIN BUCHANAN
23851 BLACK CANYONFORT WORTHTX76109$7,500Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$6,500Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDescHow AcquiredHowAcquiredTxtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
EDWARD JONES SECURITIESPURCHASE$25,547$22,836$2,711
EDWARD JONES SECURITIESPURCHASE$38,943$29,322$9,621

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
EDWARD JONES - STOCKS$71,881$71,881
EDWARD JONES - ETFS$641,466$641,466
EDWARD JONES - MUTUAL FUNDS$312,369$312,369

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryEDWARD JONES FEESCategoryTxt
Amt$11,332Amt

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