SUMNERS FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- SUMNERS FOUNDATION (EIN 75-2734032)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-10-29
- IRS object ID
- 202533029349101303
- 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
- Investments Land Schedule2
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-10-29T13:04:00-07:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 752593210 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sutton Frost Cary LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 E Front St Suite 200 | AddressLine1Txt |
| City | Arlington | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76011 | 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 | 752734032 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SUMNERS FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SUMN | BusinessNameControlTxt |
| Phone | 2142202128 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2201 WEST ROYAL LANE 100 | AddressLine1Txt |
| City | IRVING | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75063 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | T Charles Pierson | PersonNm |
| Person Title | Executive Dir. | PersonTitleTxt |
| Signature | 2025-10-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Kimberly D Crawford | PreparerPersonNm |
| PTIN | P00446484 | PTIN |
| Phone | 8176498083 | PhoneNum |
| 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 | $74,050,556 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $209,515 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $940,864 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $940,864 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,424,939 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,424,939 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $319,994 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $22,429,397 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $319,994 | CapGainNetIncmNetInvstIncmAmt |
| Incm Modifications Adj Net Incm | $17,500 | IncmModificationsAdjNetIncmAmt |
| Other Income Rev And Expnss | $227,015 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $132,689 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $3,122,327 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,818,486 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $17,500 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $607,171 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $91,075 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $516,096 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $184,866 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $27,730 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $157,136 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | -$610 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | -$153 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | -$458 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $76,099 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $19,025 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $57,074 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | -$21,348 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $4,593 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $26,025 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $12,382 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $12,382 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $48,005 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $12,001 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $36,004 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $76,448 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $19,047 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $57,401 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $2,815 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $704 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $2,111 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $726,860 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $383,756 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $343,105 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,712,688 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $570,160 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,194,494 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,843,410 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,843,410 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,556,098 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $570,160 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,037,904 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,433,771 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,248,326 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $17,500 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $352,487 | CashBOYAmt |
| Cash EOY | $1,021,635 | CashEOYAmt |
| Cash EOYFMV | $1,021,635 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,514,102 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $5,981,889 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $5,981,889 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $554,145 | AcctRcvblAmt |
| Acct Rcvbl BOY | $59,479 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $554,145 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $554,145 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $28,626 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $12,416 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $12,416 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $41,235,441 | CorporateStockBOYAmt |
| Corporate Stock EOY | $43,488,283 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $43,488,283 | CorporateStockEOYFMVAmt |
| Invst Land Cost Or Other Basis | $279,402 | InvstLandCostOrOtherBasisAmt |
| Land Bldg Investments BOY | $279,402 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $279,402 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $279,402 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $28,539,485 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $22,617,619 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $22,617,619 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $46,219 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $18,739 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $33,372 | LandBOYAmt |
| Land EOY | $27,480 | LandEOYAmt |
| Land EOYFMV | $27,480 | LandEOYFMVAmt |
| Other Assets BOY | $109,675 | OtherAssetsBOYAmt |
| Other Assets EOY | $67,687 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $67,687 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $72,152,069 | TotalAssetsBOYAmt |
| Total Assets EOY | $74,050,556 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $74,050,556 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $32,646 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $175,293 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $304,337 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $70,990 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $336,983 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $246,283 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $71,815,086 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $73,804,273 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $71,815,086 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $73,804,273 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $72,152,069 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $74,050,556 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $71,815,086 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,433,771 | ExcessRevenueOverExpensesAmt |
| Other Increases | $3,422,958 | OtherIncreasesAmt |
| Subtotal | $73,804,273 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $73,804,273 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|---|
| PARTNERSHIP CAP GAINS | P | 2023-01-01 | 2024-12-31 | $657,070 | $657,070 | $657,070 | |
| SCHWAB TREASURY | P | 2023-01-01 | 2024-12-31 | $5,027,071 | $5,027,071 | ||
| JANUS ENTER FUND | P | 2023-01-01 | 2024-06-11 | $4,319,205 | $1,402,912 | $1,402,912 | $2,916,293 |
| COSTCO WHOLESALE CO | P | 2023-01-01 | 2024-08-26 | $10,523 | $9,551 | $9,551 | $972 |
| OIL PROPERTIES | P | 2023-01-01 | 2024-12-31 | $902,500 | -$5,594,444 | -$5,594,444 | $6,496,944 |
| REAL ESTATE | P | 2023-01-01 | 2024-12-31 | $11,432,473 | $3,764,350 | $3,764,350 | $7,668,123 |
| SCHWAB CAP GAIN DIST | P | 2023-01-01 | 2024-12-31 | $80,555 | $80,555 | $80,555 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $319,994 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $31,252 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $31,252 | SubtotalAmt |
| Tax Based On Investment Income | $31,252 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $80,718 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $80,718 | TotalPaymentsAndCreditsAmt |
| Overpayment | $49,466 | OverpaymentAmt |
| Applied To ES Tax | $49,466 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| 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.SUMNERSFOUNDATION.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARLES PIERSON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2142202128 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2201 WEST ROYAL LANE 100 | AddressLine1Txt |
| City | IRVING | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75063 | 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 |
| Business Holdings | false | BusinessHoldingsInd |
| 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 |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
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 |
|---|---|---|---|---|---|---|
| DAVID G DRUMM | ||||||
| 2201 WEST ROYAL LANE 100 | IRVING | TX | 75063 | Treasurer | 2.00 | $19,700 |
| BRANT MARTIN | ||||||
| 2201 west royal lane 100 | irving | TX | 75063 | Director | 2.00 | $11,800 |
| JERRY D REIS | ||||||
| 2201 WEST ROYAL LANE 100 | IRVING | TX | 75063 | Chairman | 2.00 | $10,000 |
| LON R WILLIAMS | ||||||
| 2201 WEST ROYAL LANE 100 | IRVING | TX | 75063 | VICE CHAIRMAN | 2.00 | $26,000 |
| SCOTT M HIGGINBOTHAM | ||||||
| 2201 WEST ROYAL LANE 100 | IRVING | TX | 75063 | Director | 2.00 | $18,075 |
| WILLIAM W MEADOWS | ||||||
| 2201 WEST ROYAL LANE 100 | IRVING | TX | 75063 | Director | 2.00 | $10,000 |
| SHANNON HUTCHESON | ||||||
| 2201 WEST ROYAL LANE 100 | IRVING | TX | 75063 | Director | 2.00 | $12,000 |
| T Charles Pierson | ||||||
| 2201 WEST ROYAL LANE 100 | IRVING | TX | 75063 | Executive Dir. | 40.00 | $286,000 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| JANEMARIE CLARK | ||||||
| 2201 WEST ROYAL LANE 100 | IRVING | TX | 75063 | EXEC. ASSISTANT | 40.00 | $84,000 |
| EILEEN RESNIK | ||||||
| 2201 WEST ROYAL LANE 100 | IRVING | TX | 75063 | PROGRAM DIRECTOR | 40.00 | $129,499 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $43,272,678 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $6,021,211 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $23,640,808 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $72,934,697 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $72,934,697 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,094,020 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $71,840,677 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,592,034 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,592,034 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $31,252 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $31,252 | TotalTaxAmt |
| Distributable Before Adj | $3,560,782 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $3,560,782 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $3,560,782 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,037,904 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $4,037,904 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,560,782 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $3,648,719 | UndistributedIncomePYAmt |
| Qualifying Distributions | $4,037,904 | QualifyingDistributionsAmt |
| Applied To Year1 | $3,648,719 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $389,185 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $3,171,597 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | CHARLES PIERSON | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2201 WEST ROYAL LANE 100 | AddressLine1Txt |
| City | IRVING | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75063 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2142202128 | RecipientPhoneNum |
| Recipient Email Address | CHARLES@SUMNERSFOUNDATION.ORG | RecipientEmailAddressTxt |
| Form And Info And Materials | LETTER, RESUME OF ORGANIZATION OR PERSON AND OTHER SUPPORTING MATERIAL. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | VARIOUS | SubmissionDeadlinesTxt |
| Restrictions On Awards | AWARDS ARE LIMITED TO THE STUDY AND TEACHING OF THE SCIENCE OF SELF-GOVERNMENT. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (30 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BAYLOR UNIVERSITY | |||||||
| 1311 S 5TH ST | WACO | TX | 76706 | NONE | PC | iENGAGE SUMMER CIVICS | $40,000 |
| FUND FOR AMERICAN STUDIES | |||||||
| 1706 NEW HAMPSHIRE AVE | WASHINGTON | DC | 20009 | NONE | PC | SCHOLARSHIPS TO ATTEND 2024 TFAS DC SUMMER PROGRAM | $65,400 |
| PHILANTHROPY ROUNDTABLE | |||||||
| 1730 M STREET NM | WASHINGTON | DC | 20036 | NONE | PC | ADVANCE CIVIC EDUCATION | $20,000 |
| SCHREINER UNIVERSITY | |||||||
| 2100 SAN ANTONIO HWY | KERRVILLE | TX | 78028 | NONE | PC | SUMNERS SCHOLARSHIP PROGRAM | $7,500 |
| TEXAS CHRISTIAN UNIVERSITY | |||||||
| 2800 S UNIVERSITY DR | FORT WORTH | TX | 76129 | NONE | PC | INEGAGE & TCU WASHINGTON INTERNSHIP PROGRAM | $38,825 |
| TEXAS TRIBUNE | |||||||
| 823 CONGRESS AVE | AUSTIN | TX | 78701 | NONE | PC | TEXAS TRIBUNE FESTIVAL | $100,000 |
| TEXAS WESLEYAN UNIVERSITY | |||||||
| 1201 WESLEYAN ST | FORT WORTH | TX | 75105 | NONE | PC | SUMNERS SCHOLARSHIP ENDOWMENT | $5,000 |
| UNIVERSITY OF DALLAS | |||||||
| 1845 E NORTHGATE DR | IRVING | TX | 75062 | NONE | PC | SUMNERS SCHOLARSHIP PROGRAMS | $45,000 |
| YMCA ALBUQUERQUE CENTRAL NM | |||||||
| 4701 MONTANO RD NM | ALBUQUERQUE | NM | 87120 | NONE | PC | YOUTH AND GOVERNMENT | $125,000 |
| YMCA OKLAHOMA CITY | |||||||
| 100 W MAIN ST | OKLAHOMA CITY | OK | 73102 | NONE | PC | YOUTH AND GOVERNMENT | $125,000 |
| AUSTIN COLLEGE | |||||||
| 900 N GRAND AVE | SHERMAN | TX | 75090 | NONE | PC | CONSTITUTION DAY PROGRAM ON CAMPUS | $7,700 |
| WORLD AFFAIRS COUNCIL | |||||||
| 325 NORTH ST PAUL STREET 4200 | DALLAS | TX | 75201 | NONE | PC | SUMNERS CIVICS LECTURES | $30,000 |
| LIBERTAS ACADEMY | |||||||
| 33617 E FOWLER AVE | TAMPA | FL | 33617 | NONE | PC | SPRING CIVICS INSTITUTE: INSTRUCTION AND CURRICULUM | $18,000 |
| FIRST LIBERTY INSTITUTE | |||||||
| 2001 PLANO PARKWAY 1600 | PLANO | TX | 75075 | NONE | PC | INTERNSHIP PRORAM FOR SUMNERS SCHOLARS | $35,000 |
| BRAVER ANGELS | |||||||
| 733 THIRD AVENUE FL 16 | NEW YORK | NY | 10017 | NONE | PC | DEPOLARIZATION PROJECT | $57,000 |
| DALLAS HOLOCAUST HUMAN RIGHTS MUSEU | |||||||
| 300 N HOUSTON ST | DALLAS | TX | 75202 | NONE | PC | RULE OF LAW SERIES | $25,000 |
| SAN ANTONIO REPORT | |||||||
| 126 GONZALES ST 100 | SAN ANTONIO | TX | 78205 | NONE | PC | CIVIC ENGAGEMENT REPORTING | $15,000 |
| TEXAS FFA FOUNDATION | |||||||
| 614 EAST 12TH STREET | AUSTIN | TX | 78701 | NONE | PC | LEGISLATIVE LEAD | $60,000 |
| UNITED STATES ASSN OF FORMER MEMBER | |||||||
| 1401 K STREET NW 901 | WASHINGTON | DC | 20005 | NONE | PC | SUMNERS SCHOLARS | $132,000 |
| YMCA OF AUSTIN | |||||||
| 55 NORTH IH-35 | AUSTIN | TX | 78705 | NONE | PC | TEXAS YOUTH AND GOVERNMENT | $175,000 |
| FORT WORTH REPORT | |||||||
| 2003 8TH AVE 300 | FORT WORTH | TX | 76110 | NONE | PC | CIVIC ENGAGEMENT | $50,000 |
| LUCY BURNS INSTITUTE DBA BALLOTPEDI | |||||||
| 8383 GREENWAY BLVD 600 | MIDDLETON | WI | 53562 | NONE | PC | SUMMER BALLOTPEDIA FELLOWSHIP | $25,000 |
| AMERICAN LEGION TEXAS BOYS STATE | |||||||
| PO BOX 140527 | AUSTIN | TX | 78714 | NONE | PC | GENERAL SUPPORT | $75,000 |
| SCHOLARSHIPS GIVEN | |||||||
| 2201 WEST ROYAL LANE 100 | IRVING | TX | 75063 | NONE | I | EDUCATIONAL SCHOLARSHIPS | $856,100 |
| HOWARD PAYNE UNVERSITY | |||||||
| 1000 FISK STREET | BROWNWOOD | TX | 76081 | NONE | PC | 2024 SCHOLAR TRAVEL | $7,685 |
| LAW FOCUSED EDUCSTATE BAR OF TEXAS | |||||||
| 14651 DALLAS PKWY | DALLAS | TX | 75254 | NONE | PC | TRAINING THE NEXT GENERATION | $666,190 |
| COOK CHILDREN'S HOSPITAL | |||||||
| 801 7TH AVE | FORT WORTH | TX | 76104 | NONE | PC | GENERAL SUPPORT | $15,000 |
| OKLAHOMA CITY UNIVERSITY | |||||||
| 2501 N BLACKWELDER AVE | OKLAHOMA CITY | OK | 73106 | NONE | PC | CANDIDATE RECRUITING | $20,000 |
| POWER FOR PARKINSON'S | |||||||
| 5555 N LAMAR BLVD C109 | AUSTIN | TX | 78751 | NONE | PC | GENERAL SUPPORT | $1,010 |
| UNIVERSITY OF HOUSTON | |||||||
| 4800 CALHOUN ROAD | HOUSTON | TX | 77004 | NONE | PC | CANDIDATE RECRUITING | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,843,410 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $940,864 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,424,939 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $319,994 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (4 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd |
|---|---|---|---|---|
| GRANT RETURN | $17,500 | |||
| OIL & GAS ROYALTIES | 15 | $242,553 | ||
| OTHER INCOME | $5,497 | |||
| pass through from K-1's | 16 | -$38,535 | 531120 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $2,889,815 | ExclusionAmt |
| Related Or Exempt Function Incm | $22,997 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,912,812 | 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 FEES | CategoryTxt |
| Amt | $76,099 | Amt |
| Net Investment Income | $19,025 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $57,074 | DisbursementsCharitablePrpsAmt |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Land | CategoryOrItemTxt |
| Cost Or Other Basis | $279,402 | CostOrOtherBasisAmt |
| Book Value | $279,402 | BookValueAmt |
| EOYFMV | $279,402 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (36 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| AMERRA AGRI FUND II LP | FMV | $659,822 | $659,822 |
| LINX FUND I LP | FMV | $420,686 | $420,686 |
| CAPITAL ROY PARTNERS II | FMV | ||
| ORRI GULF OF MEXICO | FMV | $210,437 | $210,437 |
| ORRI OKLAHOMA #1 | FMV | $101,635 | $101,635 |
| ORRI OKLAHOMA #2 | FMV | $1,225 | $1,225 |
| ORRI KANSAS #1 | FMV | $4,045 | $4,045 |
| ORRI LOUISIANA #1 | FMV | $4,386 | $4,386 |
| ORRI LOUISIANA # 3 | FMV | $7,278 | $7,278 |
| ORRI KANSAS #2 | FMV | $23,153 | $23,153 |
| ORRI WYOMING #1 | FMV | $100,528 | $100,528 |
| PINNACLE IV | FMV | $473,546 | $473,546 |
| AMERRA AGRI FUND III | FMV | $503,463 | $503,463 |
| HACKBERRY CREEK | FMV | $1,905,254 | $1,905,254 |
| MADISON, LLC | FMV | $1,866,382 | $1,866,382 |
| AMERRA AGR FUND II ANNEX | FMV | $523,334 | $523,334 |
| PINNACLE V LP | FMV | $527,156 | $527,156 |
| PARR CAPITAL 122 WEST | FMV | $2,486,889 | $2,486,889 |
| MANOR RV PARK LLC | FMV | $76,461 | $76,461 |
| PAR CAPTIAL-GATEWAY LLC | FMV | $1,049,668 | $1,049,668 |
| ORRI LOUISIANNA #2 | FMV | $105 | $105 |
| MISCELLANEOUS | FMV | $189,327 | $189,327 |
| MACHINE INVESTMENT GROUP | FMV | $2,933,380 | $2,933,380 |
| PARR CAPITAL CENTREPOINT | FMV | $2,500,744 | $2,500,744 |
| PINNACLE BATRISTA | FMV | $806,681 | $806,681 |
| SARVIS | FMV | $640,309 | $640,309 |
| COURSE 26 | FMV | $363,585 | $363,585 |
| WP TRUST IV | FMV | $5,055 | $5,055 |
| GOLDEN TREE SELECT PARTNERS | FMV | $3,538,857 | $3,538,857 |
| CVT NOTE CLASS E LL INSPIRA | FMV | $498,833 | $498,833 |
| ORRI OKLAHOMA #3 | FMV | $20,832 | $20,832 |
| ORRI LOUISIANNA #5 | FMV | $162 | $162 |
| ORRI TEXAS #3 | FMV | $139,166 | $139,166 |
| ORRI TEXAS #4 | FMV | $37,452 | $37,452 |
| ORRI NEW MEXICO #2 | FMV | $4,273 | $4,273 |
| DEPLETION | FMV | $6,490 | $6,490 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Furniture and Fixtures | CategoryOrItemTxt |
| Cost Or Other Basis | $46,219 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $18,739 | AccumulatedDepreciationAmt |
| Book Value | $27,480 | BookValueAmt |
| EOYFMV | $27,480 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $610 | LegalFeesAmt |
| Net Investment Income | -$153 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | -$458 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RIGHT OF USE ASSET | Desc |
| BOY Book Value | $109,675 | BOYBookValueAmt |
| EOY Book Value | $67,687 | EOYBookValueAmt |
| EOYFMV | $67,687 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (16 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| 75TH ANNIVERSARY | $174,028 | $174,028 | |
| CANDIDATE INTERVIEW EXPENSES | $14,415 | $10,811 | $3,604 |
| EXPENSES FROM K-1 | $327,399 | $327,399 | |
| GRANTS ADMINISTRATION | $7,224 | $5,418 | $1,806 |
| INFORMATION TECHNOLOGY | $65,350 | $49,013 | $16,337 |
| INSURANCE | $24,413 | $18,310 | $6,103 |
| INTERNSHIP EXPENSES | $570 | $428 | $142 |
| MISCELLANEOUS | $7,030 | $5,273 | $1,757 |
| office supplies | $4,832 | $3,624 | $1,208 |
| OIL & GAS MAINTENANCE | $68,216 | $51,162 | $17,054 |
| POSTAGE | $1,146 | $860 | $287 |
| SCHOLAR/ALUMNI PROGRAMMING | $23,018 | $17,264 | $5,754 |
| SCHOLARS SOCIALS | $4,096 | $3,072 | $1,024 |
| SERVICE FEES | $2 | $1 | $1 |
| STAFF INTERVIEW EXPENSES | $3,421 | $2,566 | $855 |
| TELEPHONE | $1,700 | $1,275 | $425 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| GRANT RETURN | $17,500 | |
| OIL & GAS ROYALTIES | $242,553 | $242,553 |
| OTHER INCOME | $5,497 | |
| pass through from K-1's | -$38,535 | -$109,864 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| Deferred Excise Taxes | $192,715 | $70,990 |
| OPERATING LEASE LIABILITY | $111,621 | |
| Rounding | $1 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EXCISE TAX | $51,966 | ||
| PAYROLL TAX | $30,618 | $4,593 | $26,025 |
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