JEAN AND AL CARRELL FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
JEAN AND AL CARRELL FOUNDATION INC (EIN 46-1403244)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-07-28
IRS object ID
201632109349100103
Schema version
2015v2.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-07-28T07:39:11-07:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Holden & Parker PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18226 Douglas Avenue Suite 655AddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP752255946ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461403244EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Jean and Al Carrell Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJEANBusinessNameControlTxt
Phone9725308821PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15714 FirecrestAddressLine1Txt
CityGarlandCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75044ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKelly DayPersonNm
Person TitlePresidentPersonTitleTxt
Signature2016-07-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKendall R HoldenPreparerPersonNm
PTINP01296859PTIN
Phone2149658544PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-12-15 16:53:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,386,180FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$39,215DividendsRevAndExpnssAmt
Dividends Net Invst Incm$39,215DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$13,718NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$291,310GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$13,718CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$826OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$53,759TotalRevAndExpnssAmt
Total Net Invst Incm$52,933TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$7,250AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$7,250AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$12,098OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$12,098OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$1,028TaxesRevAndExpnssAmt
Taxes Net Invst Incm$736TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$4OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$4OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$20,380TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$20,088TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$60,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$60,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$80,380TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$20,088TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$60,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$26,621ExcessRevenueOverExpensesAmt
Net Investment Income$32,845NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$38,400CashBOYAmt
Cash EOY$40,744CashEOYAmt
Cash EOYFMV$40,744CashEOYFMVAmt
Corporate Stock BOY$1,066,576CorporateStockBOYAmt
Corporate Stock EOY$1,017,611CorporateStockEOYAmt
Corporate Stock EOYFMV$1,345,436CorporateStockEOYFMVAmt
Total Assets BOY$1,104,976TotalAssetsBOYAmt
Total Assets EOY$1,058,355TotalAssetsEOYAmt
Total Assets EOYFMV$1,386,180TotalAssetsEOYFMVAmt
Accounts Payable BOY$20,000AccountsPayableBOYAmt
Total Liabilities BOY$20,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$1,084,976UnrestrictedBOYAmt
Unrestricted EOY$1,058,355UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,084,976TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,058,355TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,104,976TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,058,355TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,084,976TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$26,621ExcessRevenueOverExpensesAmt
Subtotal$1,058,355SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,058,355TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
TCB 7629 ST AP2015-01-012015-12-31$72,447$81,029-$8,582-$8,582
TCB 7629 LT DP2014-01-012015-12-31$216,244$196,563$19,681$19,681
ReconcilationP2015-01-012015-12-31$2,552$2,552$2,552
Capital Gain Dividends$67
FieldValueIRS element (for citing)
Capital Gain Net Income$13,718CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$6,030NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$65,708AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,403,587NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.04681DistributionYr1Rt
Adjusted Qlfy Distri Yr2$60,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,157,763NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.05182DistributionYr2Rt
Total Distribution0.098638TotalDistributionRt
Average Distribution0.049319AverageDistributionRt
Net Vl Noncharitable Assets$1,376,008NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$67,863AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$328NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$68,191AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$60,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$657InvestmentIncomeExciseTaxAmt
Subtotal$657SubtotalAmt
Tax Based On Investment Income$657TaxBasedOnInvestmentIncomeAmt
Applied To Es Tax$1,400AppliedToEsTaxAmt
Backup Withholding Withheld$1,400BackupWithholdingWithheldAmt
Total Payments And Credits$2,800TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$7EsPenaltyAmt
Overpayment$2,136OverpaymentAmt
Applied To ES Tax$2,136AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Kelly Carrell DayBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9725308821PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line15714 FirecrestAddressLine1Txt
CityGarlandCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75044ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Jean F Carrell
3517 PotomacDallasTX75205Director0.00$0
Meg Carrell Wells
3502 HarvardDallasTX75205Secretary0.00$0
Kelly Carrell Day
5714 FirecrestGarlandTX75044President0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,343,758AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$53,204AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,396,962TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,396,962AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$20,954CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,376,008NetVlNoncharitableAssetsAmt
Minimum Investment Return$68,800MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$68,800MinimumInvestmentReturnAmt
Tax Based On Investment Income$657TaxBasedOnInvestmentIncomeAmt
Total Tax$657TotalTaxAmt
Distributable Before Adj$68,143DistributableBeforeAdjAmt
Distributable Before Ded$68,143DistributableBeforeDedAmt
Distributable As Adjusted$68,143DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$60,000ExpensesAndContributionsAmt
Qualifying Distributions$60,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$60,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$68,143DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$13,557ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$13,557TotalExcessDistributionCyovAmt
Qualifying Distributions$60,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$60,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$8,143ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$8,143ExcessDistributionCyovAppCYAmt
Total Corpus$5,414TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$5,414ExcessDistriCyovToNextYrAmt
Excess From Year2$5,414ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJean F CarrellContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Parkinson Voice Project
646 N Coit Road Suite 2250RichardsonTX75080N/APublicGeneral Operations$10,000
New Friends New Life
6060 N Central ExpwyDallasTX75206N/APublicGeneral Operations$5,000
For the Nations
PO Box 850064RichardsonTX75085N/APublicGeneral Operations$5,000
Operation Kindness
3201 Earhart DrCarrolltonTX75006N/APublicGeneral Operations$5,000
Texas Baptist Men
5351 CatronDallasTX75227N/APublicGeneral Operations$5,000
Texas Scottish Rite
2222 Welborn StreetDallasTX75219N/APublicGeneral Operations$10,000
Susan G Komen Dallas County
5310 Harvest Hill Suite 120DallasTX75230N/APublicGeneral Operations$5,000
Habitat for Humanity of South Colli
1400 Summit Ave Ste D4PlanoTX75074N/APublicGeneral Operations$5,000
NorthPark Presbyterian Church
9555 N Central ExpyDallasTX75231N/APCGeneral Operations$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$60,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$39,215ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$826ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$13,718ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$53,759ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$53,759TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryCPA feesCategoryTxt
Amt$7,250Amt
Net Investment Income$7,250NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescOther ExpenseDesc
Revenue And Expenses Per Books$4RevenueAndExpensesPerBooksAmt
Net Investment Income$4NetInvestmentIncomeAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$826RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryMoney ManagementCategoryTxt
Amt$12,098Amt
Net Investment Income$12,098NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
Federal taxes$292
Foreign Taxes$736$736

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