FOUNDATION FOR TRUTH: Form 990PF, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- FOUNDATION FOR TRUTH (EIN 45-2747584)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2016-11-14
- IRS object ID
- 201643199349101824
- Schema version
- 2014v6.0
- 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 Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Land Schedule2
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-11-14T11:39:23-08:00 | ReturnTs |
| Tax Period End | 2014-12-31 | 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 | 2014-01-01 | 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 | 2014 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | Yes (X) | AmendedReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $31,111,269 | 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 | $7,697,647 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $79 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $79 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $259,834 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $259,834 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $109,512 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $130,155 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $109,512 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $6,064,366 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $6,065,538 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $14,131,438 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $6,434,963 | TotalNetInvstIncmAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $55,800 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $55,800 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $4,269 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $4,269 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $2,598 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $2,598 | LegalFeesNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $20,085 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $10,043 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $10,042 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $13,536 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $13,536 | OtherProfFeesNetInvstIncmAmt |
| Interest Rev And Expnss | $92,269 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $92,269 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $141,524 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $122,524 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $22,242 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $18,388 | DeprecAndDpltnNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $14,801 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $13,269 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $1,532 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $69,785 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $57,765 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $12,013 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $436,909 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $330,392 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $83,656 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $783,084 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $783,084 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,219,993 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $330,392 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $866,740 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $12,911,445 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $6,104,571 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $2,804,390 | CashBOYAmt |
| Cash EOY | $343,531 | CashEOYAmt |
| Cash EOYFMV | $343,531 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,000,000 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $279,840 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $279,840 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations EOY | $19,822 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $20,067 | USGovtObligationsEOYFMVAmt |
| Corporate Stock EOY | $9,894,833 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $9,643,922 | CorporateStockEOYFMVAmt |
| Invst Land Cost Or Other Basis | $12,348,318 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $25,985 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $11,774,513 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $12,322,333 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $13,514,309 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments EOY | $1,249,684 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,252,215 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $133,798 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,931 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $2,574 | LandBOYAmt |
| Land EOY | $128,867 | LandEOYAmt |
| Land EOYFMV | $128,867 | LandEOYFMVAmt |
| Other Assets BOY | $19,466,688 | OtherAssetsBOYAmt |
| Other Assets EOY | $19,466,688 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $5,928,518 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $35,048,165 | TotalAssetsBOYAmt |
| Total Assets EOY | $43,705,598 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $31,111,269 | TotalAssetsEOYFMVAmt |
| Mortgages And Notes Payable BOY | $1,853,127 | MortgagesAndNotesPayableBOYAmt |
| Total Liabilities BOY | $1,853,127 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $33,195,038 | CapitalStockBOYAmt |
| Capital Stock EOY | $43,705,598 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $33,195,038 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $43,705,598 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $35,048,165 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $43,705,598 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $33,195,038 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $12,911,445 | ExcessRevenueOverExpensesAmt |
| Subtotal | $46,106,483 | SubtotalAmt |
| Other Decreases | $2,400,885 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $43,705,598 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $109,512 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$631 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $955,301 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $23,250,386 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.04109 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $397,873 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $23,690,173 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.01680 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $26,918 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $2,369,295 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.01136 | DistributionYr3Rt |
| Total Distribution | 0.06924 | TotalDistributionRt |
| Average Distribution | 0.02308 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $27,645,457 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $638,085 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $61,046 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $699,131 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $996,887 | 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 | $61,046 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $61,046 | SubtotalAmt |
| Tax Based On Investment Income | $61,046 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $106,296 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $57,053 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Tax Due | $3,993 | TaxDueAmt |
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 | 1.00 | $0 |
| 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 | Leanos Farm & Ranch Fencing LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3371 Knickerbocker Rd Ste 115 | AddressLine1Txt |
| City | San Angelo | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76904 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Fence Building | ServiceTypeTxt |
| Compensation | $73,322 | 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 | $47,118 | Expenses1Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $7,414,622 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,056,941 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $19,903,746 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $28,375,309 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $308,855 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $28,066,454 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $420,997 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $27,645,457 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,382,273 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,382,273 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $61,046 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $61,046 | TotalTaxAmt |
| Distributable Before Adj | $1,321,227 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,321,227 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,321,227 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $866,740 | ExpensesAndContributionsAmt |
| Charitable Assets Acquis Paid | $130,147 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $996,887 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $61,046 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $935,841 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,321,227 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $785,641 | UndistributedIncomePYAmt |
| Qualifying Distributions | $996,887 | QualifyingDistributionsAmt |
| Applied To Year1 | $785,641 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $211,246 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $1,109,981 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 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 | $54,034 | |||||
| New Mexico Christian Childrens Home | ||||||||||||
| 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 | $125,000 | |||||
| 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 | $192,850 | |||||
| Sierra Ventana Church Of Christ | ||||||||||||
| N/A | PC | Monthly support, mission work, radio program, and travel | $61,200 | 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 | $100,000 | |||||
| Memphis School Of Preaching | ||||||||||||
| 3950 Forest Hil Irene Rd | Memphis | TN | 38125 | N/A | PC | Assistance for men from Mexico currently enrolled in school | $105,000 | |||||
| 9th And Main Church Of Christ | ||||||||||||
| 910 North Main Street | San Angelo | TX | 76903 | N/A | PC | "Harris & Moore" Christian Radio Program | $25,000 | |||||
| Melrose Church Of Christ | ||||||||||||
| 221 Main Street | Melrose | NM | 88124 | N/A | PC | Cambodian mission | $18,000 | |||||
| Tullstar | ||||||||||||
| 4611 River Oaks Circle | Brownwood | TX | 76801 | N/A | PC | Operating expenses/production of religious tracts and materials | $10,000 | |||||
| Vidor Church Of Christ | ||||||||||||
| PO Box 178 | Vidor | TX | 77670 | N/A | PC | Manna missionary project | $18,000 | |||||
| Mt Juliet Church Of Christ | ||||||||||||
| PO Box 248 | Mt Juliet | TN | 37121 | N/A | PC | Sudan missionary project | $18,000 | |||||
| Handley Church Of Christ | ||||||||||||
| PO Box 8733 | Fort Worth | TX | 76124 | N/A | PC | Kakinada school of preaching in India | $24,000 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $783,084 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Sierra Ventana Church Of Christ | RecipientPersonNm |
Recipient Foreign Address RecipientForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Sierra Gandara 3912-A | AddressLine1Txt |
| City | Sierra Ventana | CityNm |
| Province Or State | Monterrey | ProvinceOrStateNm |
| Country | MX | CountryCd |
| Foreign Postal | 64780 | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | Monthly support, mission work, radio program, and travel | GrantOrContributionPurposeTxt |
| Amt | $9,800 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $9,800 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $79 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $259,834 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $109,512 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (9 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|---|---|
| Annuity ordinary income | 14 | |||
| Damages | 18 | $74,521 | ||
| Easements and ROW | 18 | $121,395 | ||
| Inc in respect of a deced | 14 | $2,400,885 | ||
| K-1 income | 18 | $7 | 525990 | -$1,172 |
| Other income | 1 | $100 | ||
| Ranch lease | 16 | $38,820 | ||
| Ranch surface lease | 16 | $12,861 | ||
| Royalties | 15 | $3,416,949 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$1,172 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $6,434,963 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $6,433,791 | 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 |
|---|---|---|---|---|---|---|
| Dennis Reed | ||||||
| 1 | 3140 Executive Dr | San Angelo | TX | 76904 | $25,000 | Yes (X) |
| Estate of Billy P Flynn | ||||||
| 2 | 6359 Indian Path | San Angelo | TX | 769014917 | $7,672,647 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Tax compliance, bookkeeping, asset maint | CategoryTxt |
| Amt | $20,085 | Amt |
| Net Investment Income | $10,043 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $10,042 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (28 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 | $542 | SL | 5.0000 | $310 | |
| Metal Detector | 2012-03-21 | $250 | $88 | SL | 5.0000 | $50 | $50 |
| Apple Ipad | 2012-08-08 | $859 | $244 | SL | 5.0000 | $172 | |
| Apple Ipad | 2012-08-11 | $619 | $176 | SL | 5.0000 | $124 | |
| 16' Trailer | 2012-11-20 | $2,100 | $455 | SL | 5.0000 | $420 | $420 |
| Polaris Atv | 2012-11-23 | $13,003 | $2,818 | SL | 5.0000 | $2,601 | $2,601 |
| Water Wells - Sutton | 2012-10-29 | $35,390 | $4,129 | SL | 10.0000 | $3,539 | $3,539 |
| Used Suzuki Atv | 2013-08-28 | $1,600 | $107 | SL | 5.0000 | $320 | $320 |
| Fence Materials-Sutton Ct | 2013-12-19 | $7,200 | SL | 10.0000 | $720 | $720 | |
| Ipad/Case | 2013-02-10 | $625 | $115 | SL | 5.0000 | $125 | |
| Kubota Tractor & Shredder | 2014-10-07 | $73,876 | SL | 10.0000 | $1,847 | $1,847 | |
| Video Camera Accys | 2014-01-25 | $2,104 | SL | 5.0000 | $386 | ||
| Panasonic AG-HPX250 Camer | 2014-03-10 | $4,725 | SL | 5.0000 | $788 | ||
| 3337 Vista del Arroyo-Hse | 2014-06-30 | $113,167 | SL | 30.0000 | $1,886 | ||
| Refrigerator | 2014-07-10 | $632 | SL | 5.0000 | $63 | ||
| Kubota Skid Steer | 2014-11-10 | $66,001 | SL | 10.0000 | $1,100 | $1,100 | |
| 7' Front Mower | 2014-11-10 | $3,500 | SL | 10.0000 | $58 | $58 | |
| Cross Fence - Sutton | 2014-06-20 | $3,651 | SL | 10.0000 | $183 | $183 | |
| Ranch house furn - Irion | 2014-03-20 | $500 | SL | 10.0000 | $38 | $38 | |
| Solar Well Eq - Ne Well | 2014-06-20 | $5,632 | SL | 10.0000 | $282 | $282 | |
| Solar Well Eq - Duck pd | 2014-06-20 | $4,046 | SL | 10.0000 | $202 | $202 | |
| Solar Well Eq - Switank | 2014-06-20 | $4,069 | SL | 10.0000 | $203 | $203 | |
| 12.1 Miles of High Fence | 2014-11-03 | $304,371 | SL | 10.0000 | $5,073 | $5,073 | |
| WW Pinto - Kinney | 2014-07-18 | $17,220 | SL | 10.0000 | $718 | $718 | |
| Cameras (sec/surveys) | 2014-09-06 | $2,976 | SL | 5.0000 | $198 | $198 | |
| Feeders | 2014-09-30 | $9,200 | SL | 10.0000 | $230 | $230 | |
| Washer and dryer | 2014-11-08 | $758 | SL | 5.0000 | $25 | $25 | |
| Hunting stands & feeders | 2014-11-15 | $34,875 | SL | 10.0000 | $581 | $581 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | See attached | StockNm |
| EOY Book Value | $9,894,833 | EOYBookValueAmt |
| EOYFMV | $9,643,922 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| State Local Sec Book Vl EOY | $19,822 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $20,067 | StateLocalSecEOYFMVAmt |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Furniture and Fixtures | $500 | $38 | $462 | $462 |
| Machinery and Equipment | $243,529 | $18,566 | $224,963 | $224,963 |
| Improvements | $381,722 | $7,381 | $374,341 | $374,341 |
| Land | $11,722,567 | $11,722,567 | $12,914,543 |
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 | $1,200,000 | $1,200,000 |
| Plains All American Pipeline LP | AT COST | $49,684 | $52,215 |
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 | $3,045 | $8,067 | $8,067 |
| Buildings | $113,167 | $1,886 | $111,281 | $111,281 |
| 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 | $2,598 | LegalFeesAmt |
| Net Investment Income | $2,598 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
Note Payable NotePayableGrp
Lender Name LenderNameGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Irion County Ranch | PersonNm |
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 | $5,928,518 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Income in respect of a decedent not recorded for books | Desc |
| Amt | $2,400,885 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Bank charges | $140 | $140 | |
| Housing expenses | $2,249 | $2,249 | |
| Insurance | $3,488 | $3,488 | |
| Internet | $221 | $221 | |
| K-1 expenses | $59 | $52 | |
| Library books | $5,574 | $5,574 | |
| Office expenses | $81 | $81 | |
| Other expenses | $315 | $315 | |
| Postage & freight | $160 | $160 | |
| Ranch expenses | $54,225 | $54,225 | |
| Repairs/maintenance | $283 | $283 | |
| YouTube project expenses | $2,990 | $2,990 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Damages | $74,521 | $74,521 |
| Easements and ROW | $121,395 | $121,395 |
| Inc in respect of a deced | $2,400,885 | $2,400,885 |
| K-1 income | -$1,165 | $7 |
| Other income | $100 | $100 |
| Ranch lease | $38,820 | $38,820 |
| Ranch surface lease | $12,861 | $12,861 |
| Royalties | $3,416,949 | $3,416,949 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Mineral interest consulting fees | CategoryTxt |
| Amt | $13,536 | Amt |
| Net Investment Income | $13,536 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Excise tax | $19,000 | |
| Property tax - minerals | $110,680 | $110,680 |
| Property tax - surface | $11,844 | $11,844 |