REA CHARITABLE TRUST: Form 990PF, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- REA CHARITABLE TRUST (EIN 26-3671567)
- Tax period
- 2014-10-01 to 2015-09-30
- Filed
- 2016-05-13
- IRS object ID
- 201601349349102350
- 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
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Land Schedule2
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-05-13T11:06:42-07:00 | ReturnTs |
| Tax Period End | 2015-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Allen McGuire CPA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 2111 | AddressLine1Txt |
| City | Midland | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 797022111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2014-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 263671567 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Rea Charitable Trust | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | REAC | BusinessNameControlTxt |
| Phone | 7045902828 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1W 4th Street MACD 4000-041 | AddressLine1Txt |
| City | Winston Salem | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27101 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Stacy Ashton | PersonNm |
| Person Title | Trustee #94-3080771 | PersonTitleTxt |
| Signature | 2016-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Allen G McGuire CPA | PreparerPersonNm |
| PTIN | P00179759 | PTIN |
| Phone | 4326828000 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $35,761,078 | 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 | $598,876 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $598,876 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$21,739 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,060,237 | GrossSalesPriceAmt |
| Other Income Rev And Expnss | $1,745,662 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,745,662 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,322,799 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,344,538 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $515,311 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $435,592 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $79,719 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $10,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $10,000 | AccountingFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $298,518 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $220,429 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $256,605 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $256,605 | DeprecAndDpltnNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $7,670 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $7,670 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $1,088,104 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $930,296 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $79,719 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,816,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,816,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,904,104 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $930,296 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,895,719 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$581,305 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,414,242 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash EOY | $687 | CashEOYAmt |
| Cash EOYFMV | $687 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $4,010,560 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,124,337 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,127,021 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $1,676,139 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,531,756 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,515,449 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $3,422,714 | CorporateStockBOYAmt |
| Corporate Stock EOY | $4,959,536 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,422,292 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,721,147 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,731,552 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,684,420 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $6,726,335 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $1,756,999 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $5,225,941 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $4,969,336 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $11,393,894 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $12,346,476 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $12,638,157 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $12,617,315 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $28,402,977 | TotalAssetsBOYAmt |
| Total Assets EOY | $27,955,361 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $35,761,078 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $20,295,450 | CapitalStockBOYAmt |
| Capital Stock EOY | $20,295,450 | CapitalStockEOYAmt |
| Retained Earning BOY | $8,107,527 | RetainedEarningBOYAmt |
| Retained Earning EOY | $7,659,911 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $28,402,977 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $27,955,361 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $28,402,977 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $27,955,361 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $28,402,977 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$581,305 | ExcessRevenueOverExpensesAmt |
| Other Increases | $133,689 | OtherIncreasesAmt |
| Subtotal | $27,955,361 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $27,955,361 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| Schedule Attached - ST | P | $823,921 | $891,915 | -$67,994 | -$67,994 |
| Schedule Attached - LT | P | $2,116,124 | $2,190,061 | -$73,937 | -$73,937 |
| Capital Gains Per Mutual funds | P | $120,192 | $120,192 | $120,192 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$21,739 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$21,739 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,506,546 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $39,626,823 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.03802 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,256,234 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $36,376,756 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.03453 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,484,969 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $32,743,814 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.04535 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $995,756 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $28,718,906 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.03467 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,022,081 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $26,244,785 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.03894 | DistributionYr5Rt |
| Total Distribution | 0.19152 | TotalDistributionRt |
| Average Distribution | 0.03830 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $40,262,446 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,542,213 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $14,142 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,556,355 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,895,719 | 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 | $14,142 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $14,142 | SubtotalAmt |
| Tax Based On Investment Income | $14,142 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $76,000 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $19,000 | AppliedToEsTaxAmt |
| Total Payments And Credits | $95,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $80,858 | OverpaymentAmt |
| Applied To ES Tax | $16,000 | AppliedToESTaxAmt |
| Refund | $64,858 | RefundAmt |
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 | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | www.reacharitabletrust.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wells Fargo Bank NA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4326855211 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1959 | AddressLine1Txt |
| City | Midland | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 797021959 | 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 | Yes (true) | 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 (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Wells Fargo Bk NA Trustee | ||||||
| PO Box 1959 | Midland | TX | 797021959 | Trustee | 0.00 | $512,461 |
| Richard Folger | ||||||
| PO Box 60760 | Midland | TX | 797110760 | Grants Advisor | 0.00 | $450 |
| Vicky Jay | ||||||
| 4520 Hilltop | Midland | TX | 79707 | Grants Advisor | 0.00 | $300 |
| Becky Ferguson | ||||||
| 1704 Storey Ave | Midland | TX | 79701 | Grants Advisor | 0.00 | $450 |
| Dona Bradley | ||||||
| PO Box 11283 | Midland | TX | 79702 | Grants Advisor | 0.00 | $450 |
| Paul Morris | ||||||
| 1004 N Big Spring Ste 610 | Midland | TX | 79701 | Grants Advisor | 0.00 | $450 |
| Harper Estes | ||||||
| 300 N Marienfeld - Ste 700 | Midland | TX | 79701 | Grants Advisor | 0.00 | $300 |
| Christine Foreman | ||||||
| 1702 W Cuthbert | Midland | TX | 79701 | Grants Advisor | 0.00 | $450 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $20,079,286 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $4,112,375 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $16,683,919 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $40,875,580 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $40,875,580 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $613,134 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $40,262,446 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,013,122 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,013,122 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $14,142 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $14,142 | TotalTaxAmt |
| Distributable Before Adj | $1,998,980 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,998,980 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,998,980 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,895,719 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $1,895,719 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $14,142 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,881,577 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,998,980 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,773,433 | UndistributedIncomePYAmt |
| Qualifying Distributions | $1,895,719 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,773,433 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $122,286 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $1,876,694 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Trust Department | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O Box 1959 | AddressLine1Txt |
| City | Midland | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79702 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 4326855300 | RecipientPhoneNum |
| Form And Info And Materials | A formal Grant Application must be completed. In Addition to the Grant Application, the applicant must submit budget information, audited financial statements, if any, a copy of the IRS Determination Letter regarding tax exempt status and the last Form 990 filed with the IRS. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | Grants awarded in June & December - Deadline 4-15 & 10-15 | SubmissionDeadlinesTxt |
| Restrictions On Awards | Geographical Area Generally | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (36 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Allegro Chorale Orchestra | |||||||
| 2304 Metz Place | Midland | TX | 79705 | None | Public | Concert Series | $15,000 |
| Arts Council of Midland | |||||||
| 401 West Texas | Midland | TX | 79701 | None | Public | Art Appreciation & Education | $165,000 |
| Arcos Foundation for the Arts | |||||||
| 2634 Villa Caballero Del Norte | Santa Fe | NM | 87505 | None | Public | Education for Disabled | $15,000 |
| Bynum School | |||||||
| 8404 W County Rd 60 | Midland | TX | 79708 | None | Public | Therapy Program | $12,000 |
| Big Spring Symphony Association | |||||||
| PO Box 682 | Big Spring | TX | 79721 | None | Public | Operating Expense | $25,000 |
| Midland Community Concerts | |||||||
| PO Box 10836 | Midland | TX | 79702 | None | Public | Concert Fees to Artists | $15,000 |
| Midland Community Theatre | |||||||
| 2000 West Wadley | Midland | TX | 79705 | None | Public | Operating Expense | $50,000 |
| Midland Festival Ballet | |||||||
| 401 W Texas Ave | Midland | TX | 79701 | None | Public | Cultural Arts | $40,000 |
| Univ of Texas Permian Basin | |||||||
| 4901 East University | Odessa | TX | 79762 | None | Public | Performing Arts | $100,000 |
| Permian Basin Public Telecomm | |||||||
| PO Box 8940 | Midland | TX | 79708 | None | Public | Operating Expense | $30,000 |
| Ellen Noel Art Museum | |||||||
| 4909 E University | Odessa | TX | 79762 | None | Public | Operating Expense | $10,000 |
| Midland-Odessa Symphony Chorale | |||||||
| 3100 La Force Blvd | Odessa | TX | 79761 | None | Public | Operating Expense | $100,000 |
| Midland Opera Theatre | |||||||
| PO Box 4504 | Midland | TX | 79704 | None | Public | Operating Expense | $40,000 |
| Midland County Public Library Found | |||||||
| 301 W Missouri | Midland | TX | 79701 | None | Public | Arts projects & Programs | $50,000 |
| Midland ISD Foundation | |||||||
| 550 W Texas Suite 250 | Midland | TX | 79701 | None | Public | Stage Lighting in High Schools | $175,000 |
| West Texas Jazz Society | |||||||
| PO Box 10832 | Midland | TX | 79702 | None | Public | Cultural Arts & Concerts | $20,000 |
| Hispanic Cultural Center of Midland | |||||||
| PO Box 51404 | Midland | TX | 79710 | None | Public | Operating Expense | $12,000 |
| Manor Park Inc | |||||||
| 2208 N Loop 250 West | Midland | TX | 79707 | None | Public | Piano | $9,000 |
| Midland Childrens Rehab Center | |||||||
| 802 Ventura Ave | Midland | TX | 79705 | None | Public | Therapeutic Dance Program | $10,000 |
| Odessa Hi School BandOrchestra Boos | |||||||
| 1301 N Dotsy Ave | Odessa | TX | 79763 | None | Public | Project Funding | $10,000 |
| Midland Montessori School | |||||||
| 1011 Austin St | Midland | TX | 79703 | None | Public | Arts Materials & Musical Instruments | $10,000 |
| Odessa College Foundation | |||||||
| 201 W University Blvd | Odessa | TX | 79762 | None | Public | Steinway Piano Initiative | $150,000 |
| Texas Tech Univ - Visual Perf Arts | |||||||
| Holden Hall Room 103 | Lubbock | TX | 79409 | None | Public | Lab & Workshop | $25,000 |
| Univ of Texas-Austin -Theatre Dance | |||||||
| 300 East 23rd St | Austin | TX | 78712 | None | Public | Scholarships & Endowment | $50,000 |
| Lyric Performing Arts Company | |||||||
| PO Box 1886 | Brownwood | TX | 76804 | None | Public | Historic Restoration | $25,000 |
| Museum of the Southwest | |||||||
| 1705 W Missouri Ave | Midland | TX | 79701 | None | Public | Cultureal rogram & Education | $80,000 |
| Non-proft Mgmt Center of Permian Ba | |||||||
| 3500 N A Street 2300 | Midland | TX | 79705 | None | Public | Educational Programming | $75,000 |
| Angelo State University Foundation | |||||||
| ASU Station 11023 | San Angelo | TX | 76909 | None | PC | Instruments for Band & Scholarships | $35,000 |
| Boys Girls Club of Midland | |||||||
| 3121 S Goode St | Midland | TX | 79701 | None | PC | Art Program Assistance | $10,000 |
| Centers for Children Families | |||||||
| 1004 N Big Spring | Midland | TX | 79701 | None | PC | Supplies for Play Therapy Rooms | $3,000 |
| George W Bush Childhood Home | |||||||
| PO Box 8586 | Midland | TX | 79708 | None | PC | Historic Preservation | $15,000 |
| Hillcrest School | |||||||
| 2800 N A St | Midland | TX | 79705 | None | PC | Renovate Arts Center | $30,000 |
| Hospice of Midland | |||||||
| 911 W Texas Ave | Midland | TX | 79701 | None | PC | Creative Arts Program | $40,000 |
| Lubbock Entertainment Performing Ar | |||||||
| 1500 Broadway St - Ste 1254 | Lubbock | TX | 79401 | None | PC | Buddy Holly Hall of Fame | $100,000 |
| Trinity School | |||||||
| 3500 W Wadley | Midland | TX | 79707 | None | PC | Ndw Bldg for Performing Arts | $200,000 |
| University of St Thomas | |||||||
| 2115 Summit Ave | St Paul | MN | 55105 | None | PC | Performing Arts Scholarships | $65,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,816,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 1 | ExclusionCd |
| Exclusion | $598,876 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 1 | ExclusionCd |
| Exclusion | $1,745,662 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | -$21,739 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $2,344,538 | ExclusionAmt |
| Related Or Exempt Function Incm | -$21,739 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,322,799 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting | CategoryTxt |
| Amt | $10,000 | Amt |
| Net Investment Income | $10,000 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Oil & Gas Royalty | PropertyDesc |
| Acquired | 2009-09-01 | AcquiredDt |
| Cost Or Other Basis | $6,632,485 | CostOrOtherBasisAmt |
| Prior Year Depreciation | $1,500,394 | PriorYearDepreciationAmt |
| Computation Method | 125DB | ComputationMethodTxt |
| Life | 25.0000 | LifeRt |
| Current Year Expense | $256,605 | CurrentYearExpenseAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (19 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AT&T Inc 5/15/18 | $109,405 | $109,508 |
| American Intl Group 7/16/19 | $49,899 | $50,289 |
| BP Capital Mkts 10/1/20 | $108,860 | $109,936 |
| Berkshire Hathaway 1/15/21 | $107,260 | $109,619 |
| Blackrock Inc 12/10/19 | $78,028 | $84,023 |
| Cisco Syst 2/15/19 | $115,075 | $110,346 |
| Duke Energy 8/15/17 | $101,389 | $100,353 |
| EBay Inc 10/15/20 | ||
| Genl Elec Cap 11/14/14 | ||
| Kellog Co 5/17/17 | $101,583 | $100,413 |
| McDonalds 1/15/22 | $99,657 | $98,115 |
| Medco Health 9/15/20 | $110,946 | $105,008 |
| Pepsico 6/1/18 | $115,708 | $109,463 |
| Target 1/15/18 | $100,958 | $110,425 |
| Teck Resources 2/1/18 | $102,379 | $80,938 |
| Wal Mart 4/15/21 | $108,811 | $110,760 |
| Bank of America 1/24/22 | $116,503 | $114,063 |
| Freeport McMoran 11/14/21 | $99,619 | $78,000 |
| Unum Group 3/15/24 | $105,472 | $103,161 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (79 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Blackrock Inc | $91,324 | $86,266 |
| Affiliated Managers | $73,643 | $108,579 |
| Anheuser-Busch | $92,450 | $131,305 |
| Apache Corp | ||
| Apple Computer | $145,015 | $380,535 |
| Baxter Intl Inc | ||
| Berkshire Hathaway | $134,247 | $204,728 |
| BHP Billiton | $9,235 | $7,842 |
| Boeing | $124,113 | $187,259 |
| Citi Group Inc | $148,005 | $145,605 |
| CME Group | $99,762 | $161,831 |
| CVS/Caremark | $65,141 | $191,030 |
| Celanese Corp | $134,460 | $141,712 |
| Chevron Corp | $16,615 | $14,908 |
| Cisco Systems | $160,693 | $199,001 |
| Comcast Corp | $65,040 | $183,154 |
| Cummins Inc | $177,445 | $144,411 |
| Diageo PLC | $63,701 | $99,814 |
| Disney (Walt) Co | $67,033 | $213,087 |
| EMC Corp | $75,927 | $104,613 |
| Eaton Corp PLC | $80,762 | $82,850 |
| Gilead Sciences | $38,927 | $111,446 |
| Goldman Sachs | $50,581 | $87,749 |
| $140,931 | $188,610 | |
| HSBC | $157,626 | $117,352 |
| IBM Corp | ||
| JP Morgan Chase | $119,032 | $178,642 |
| Johnson Controls | $89,559 | $107,536 |
| Las Vegas Sands | $136,969 | $86,458 |
| Mckesson Corp | $86,084 | $151,725 |
| Microsoft | $159,167 | $199,259 |
| Monster Beverage | ||
| National Oil Well Inc | ||
| Nestle S A | $87,690 | $139,721 |
| Oracle Corp | $70,431 | $93,912 |
| Schlumberger | $162,770 | $147,941 |
| TJX Cos Inc | $81,136 | $145,340 |
| Target | $98,148 | $149,847 |
| Thermo Fisher Scientific | $58,714 | $118,000 |
| Total SA -adr | $121,351 | $115,262 |
| United Health Group | $59,333 | $193,737 |
| Union Pacific | $99,336 | $164,001 |
| United Parcel | $65,919 | $93,756 |
| US Bancorp | ||
| Ameriprise Financial | $97,682 | $87,850 |
| Astrozeneca PLC | $8,041 | $7,700 |
| AT&T | $9,349 | $9,350 |
| Banco Bilbao | $12,040 | $10,396 |
| Bank NS Halifax | $11,256 | $10,271 |
| BASF Artieng....... | $18,868 | $16,581 |
| British American Tobacco | $20,973 | $21,025 |
| Coca Cola | $11,668 | $11,755 |
| Deutsche Boerse AG | $10,654 | $10,095 |
| Eli Lilly Co | $11,218 | $10,629 |
| Exxon Mobil Corp | $24,355 | $23,197 |
| Glaxo Smithcline | $11,432 | $10,497 |
| Intel Corp | $10,300 | $10,941 |
| Johnson & Johnson | $26,691 | $25,578 |
| Lockheed Martin | $16,620 | $17,207 |
| LVMH Moet Hennessy | $11,588 | $11,257 |
| Lyon Dell Basell | $14,333 | $12,754 |
| Merck & Co | $16,017 | $14,175 |
| Monsanto Co | $143,338 | $108,382 |
| Novartis AG | $23,899 | $21,693 |
| Pfizer Inc | $25,437 | $23,400 |
| Philip Morris Intnl | $19,097 | $18,722 |
| Philips Electronics | $14,927 | $13,443 |
| PNC Financial | $130,881 | $121,758 |
| Prudential PLC | $14,608 | $13,148 |
| Reckitt Benckis | $13,799 | $13,943 |
| Roche Holdings Ltd | $122,934 | $116,643 |
| Royal Dutch Shell | $23,312 | $20,236 |
| Sanofi ADR | $12,761 | $11,773 |
| Siemens | $13,486 | $11,966 |
| Suncor Energy | $189,556 | $185,276 |
| Toronto Dominion Bank | $10,584 | $10,289 |
| Toyota Motor Corp | $16,405 | $14,895 |
| Unilever NV | $17,584 | $16,643 |
| Stocks of less than $10,000 each | $115,528 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $1,331,756 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $1,311,622 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $200,000 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $203,827 | StateLocalSecEOYFMVAmt |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Miscellaneous | CategoryOrItemTxt |
| Cost Or Other Basis | $6,726,335 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $1,756,999 | AccumulatedDepreciationAmt |
| Book Value | $4,969,336 | BookValueAmt |
| EOYFMV | $11,393,894 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (41 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Aberdeen Global High Inc Fd | AT COST | $725,905 | $605,432 |
| T Rowe Price Instl Float | AT COST | $350,000 | $338,765 |
| Dreyfus Emerg Mkts Debt Fd | AT COST | $361,851 | $258,218 |
| Dreyfus Intnatl Bond Fd | AT COST | $510,000 | $454,288 |
| Pimco Foreign Bond Fd | AT COST | $418,270 | $339,442 |
| Templeton Global Bond Fd | AT COST | $191,901 | $175,536 |
| ASGI Agility Income Fd | AT COST | $1,000,000 | $949,320 |
| Fidelity Adv Emerging Mkts Fd | AT COST | $364,000 | $357,566 |
| Ishares Core S&P Midcap Fd | AT COST | $560,773 | $738,377 |
| Ishares Small Cap 600 Index Fd | AT COST | $175,384 | $344,754 |
| Kalmar Grwth w/val Sm Cap Fd | AT COST | $195,000 | $166,475 |
| Keeley Small Cap Value Fd | AT COST | $74,083 | $130,393 |
| MSIF Mid Cap Growth Fd | AT COST | ||
| Stratton Small Cap Value Fd | AT COST | $50,000 | $44,215 |
| Touchstone Mid Cap Value Fd | AT COST | ||
| Harbor Intl Fund | AT COST | $350,327 | $432,253 |
| Invesco Int'l Growth Fund | AT COST | $90,000 | $113,952 |
| IShares MSCI EAFE ETF | AT COST | $717,331 | $716,328 |
| JP Morgan Midcap Value | AT COST | $425,000 | $395,094 |
| Oppenheimer Develop Mkts Fd | AT COST | $125,000 | $90,075 |
| T Rowe Price Inst Emer Fd | AT COST | $300,118 | $300,002 |
| Templeton Emerg Mkts Sm Cap Fd | AT COST | $100,000 | $89,556 |
| Vanguard Emerging Markets | AT COST | $405,238 | $306,248 |
| Ally Mtg-Backed Master Tr | AT COST | $296,461 | $300,585 |
| GAI Mesirow Insight Fund | AT COST | $483,783 | $471,279 |
| AQR Managed Strategies | AT COST | $100,000 | $106,038 |
| ASG Global Alternatives Fd | AT COST | $225,000 | $209,803 |
| Driehaus Active Income Fd | AT COST | $400,000 | $372,888 |
| Pam Global Diversified Fund | AT COST | $425,000 | $445,630 |
| Partners Group Priv Eq | AT COST | ||
| Merger Fund | AT COST | $399,434 | $388,192 |
| Barclay IPath Commod Index | AT COST | $277,191 | $160,661 |
| Credit Suisse Commodity | AT COST | $225,000 | $202,098 |
| Rici Linked Pam Total Index | AT COST | ||
| SPDR DJ Wilshire Int'l Real Estate ETF | AT COST | $539,472 | $575,662 |
| Vanguard REIT Viper | AT COST | $639,298 | $949,311 |
| Artisan Mid-Cap Fd | AT COST | $425,000 | $400,905 |
| Bear Stearns Coml Mtgs | AT COST | $37,337 | $36,401 |
| Boston Partners L-S Research | AT COST | $200,000 | $194,156 |
| Neuberger Berman L-S Fund | AT COST | $200,000 | $190,748 |
| Skybridge Multi-Adviser HS | AT COST | $275,000 | $266,669 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Dues to Assoc of Foundations | $1,500 | $1,500 |
| Miscellaneous | $1,659 | $1,659 |
| Other Expense re Royalties | $4,511 | $4,511 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Investment Income | Desc |
| Revenue And Expenses Per Books | $1,745,662 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $1,745,662 | NetInvestmentIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Basis Adjustments | Desc |
| Amt | $133,689 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Bal of Prior Yr - 990-PF | $2,089 | |
| Current Yr Est Tax Pmts - Form 990-PF | $76,000 | |
| Foreign Tax on Dividends | $5,738 | $5,738 |
| Oil & Gas Taxes | $214,691 | $214,691 |
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