REA CHARITABLE TRUST: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- REA CHARITABLE TRUST (EIN 26-3671567)
- Tax period
- 2013-10-01 to 2014-09-30
- Filed
- 2015-02-05
- IRS object ID
- 201510369349100601
- Schema version
- 2013v4.0
- Note
- A later return for the same period supersedes this one.
- 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
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-02-05T09:26:48-08:00 | ReturnTs |
| Tax Period End | 2014-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Allen McGuire CPA | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 2111 | AddressLine1 |
| City | Midland | City |
| State | TX | State |
| ZIP Code | 797022111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2013-10-01 | 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 | BusinessNameLine1 |
| Business Name Line2 | Trust - 77433500 | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | REAC | BusinessNameControlTxt |
| Phone | 4326855211 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 41629 | AddressLine1 |
| City | Austin | City |
| State | TX | State |
| ZIP Code | 78701 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Lorie Stenbeck | PersonNm |
| Person Title | Trustee #94-3080771 | PersonTitleTxt |
| Signature | 2015-02-05 | 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 | 2013 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $37,431,518 | 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 | $543,602 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $543,602 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $757,437 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,013,189 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $757,437 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $3,362,218 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $3,362,218 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $4,663,257 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,663,257 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $455,181 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $347,135 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $108,046 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $11,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $11,000 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $1,800 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $1,800 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $335,819 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $335,819 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $270,110 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $270,110 | DeprecAndDpltnNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $6,200 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $6,200 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $1,080,110 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $961,064 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $119,046 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,387,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,387,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,467,610 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $961,064 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,506,546 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,195,647 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,702,193 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $189 | CashBOYAmt |
| Sav And Temp Cash Invst BOY | $4,283,804 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $4,010,560 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $4,010,560 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $1,662,330 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,676,139 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,635,051 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $3,110,001 | CorporateStockBOYAmt |
| Corporate Stock EOY | $3,422,714 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $5,427,604 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,772,214 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,721,147 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,722,355 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $6,726,335 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $1,500,394 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $5,496,051 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $5,225,941 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $11,393,894 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $9,750,537 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $12,346,476 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $13,242,054 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $26,075,126 | TotalAssetsBOYAmt |
| Total Assets EOY | $28,402,977 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $37,431,518 | 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 | $5,779,676 | RetainedEarningBOYAmt |
| Retained Earning EOY | $8,107,527 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $26,075,126 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $28,402,977 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $26,075,126 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $28,402,977 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $26,075,126 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,195,647 | ExcessRevenueOverExpensesAmt |
| Other Increases | $132,204 | OtherIncreasesAmt |
| Subtotal | $28,402,977 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $28,402,977 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $757,437 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $757,437 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $74,044 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $74,044 | SubtotalAmt |
| Tax Based On Investment Income | $74,044 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $72,000 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $72,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $45 | EsPenaltyAmt |
| Tax Due | $2,089 | 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 | false | 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 | BusinessNameLine1 |
| 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 | AddressLine1 |
| City | Midland | City |
| State | TX | State |
| ZIP Code | 797021959 | ZIPCode |
| 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 | false | 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 (7 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Wells Fargo Bk NA Trustee | ||||||
| PO Box 1959 | Midland | TX | 797021959 | Trustee | 0.00 | $454,081 |
| Richard Folger | ||||||
| PO Box 60760 | Midland | TX | 797110760 | Grants Advisor | 0.00 | $0 |
| Vicky Jay | ||||||
| 4520 Hilltop | Midland | TX | 79707 | Grants Advisor | 0.00 | $250 |
| Becky Ferguson | ||||||
| 1704 Storey Ave | Midland | TX | 79701 | Grants Advisor | 0.00 | $100 |
| Dona Bradley | ||||||
| PO Box 11283 | Midland | TX | 79702 | Grants Advisor | 0.00 | $250 |
| Paul Morris | ||||||
| 1004 N Big Spring Ste 610 | Midland | TX | 79701 | Grants Advisor | 0.00 | $250 |
| Christine Foreman | ||||||
| 1702 W Cuthbert | Midland | TX | 79701 | Grants Advisor | 0.00 | $250 |
| 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 | $18,764,786 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $4,000,733 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $17,464,758 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $40,230,277 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $40,230,277 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $603,454 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $39,626,823 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,981,341 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,981,341 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $74,044 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $74,044 | TotalTaxAmt |
| Distributable Before Adj | $1,907,297 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,907,297 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,907,297 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,506,546 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $1,506,546 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $1,506,546 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,907,297 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,372,682 | UndistributedIncomePYAmt |
| Qualifying Distributions | $1,506,546 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,372,682 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $133,864 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $1,773,433 | 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 | AddressLine1 |
| City | Midland | City |
| State | TX | State |
| ZIP Code | 79702 | ZIPCode |
| 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 (33 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Allegro Chorale Orchestra | |||||||
| 2304 Metz Place | Midland | TX | 79705 | None | Public | Community Concerts | $18,000 |
| Arts Council of Midland | |||||||
| 401 West Texas | Midland | TX | 79701 | None | Public | Art Appreciation & Education | $35,000 |
| Arcos Foundation for the Arts | |||||||
| 2634 Villa Caballero Del Norte | Santa Fe | NM | 87505 | None | Public | Education for Disabled | $10,000 |
| 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 | Public Health & Care | $20,000 |
| Midland College Foundation | |||||||
| 3600 N Garfield St | Midland | TX | 79705 | None | Public | Musical Instruments | $10,000 |
| Midland Community Concerts | |||||||
| PO Box 10836 | Midland | TX | 79702 | None | Public | Cultural Arts | $10,000 |
| Museum of the Southwest | |||||||
| 1705 West Missouri Avenue | Midland | TX | 79701 | None | Public | Art Appreciation & Education | $30,000 |
| Midland Community Theatre | |||||||
| 2000 West Wadley | Midland | TX | 79705 | None | Public | Local Community Theatre | $32,000 |
| Midland Festival Ballet | |||||||
| 401 W Texas Ave | Midland | TX | 79701 | None | Public | Cultural Arts | $30,000 |
| Univ of Texas Permian Basin | |||||||
| 4901 East University | Odessa | TX | 79762 | None | Public | Performing Arts | $700,000 |
| Permian Basin Public Telecomm | |||||||
| PO Box 8940 | Midland | TX | 79708 | None | Public | Public Television | $50,000 |
| High Sky Childrens Ranch | |||||||
| 8701 WCR 60 | Midland | TX | 79707 | None | Public | Assistance to Families | $10,000 |
| Crowley Foundation | |||||||
| PO Box 1514 | Marfa | TX | 79843 | None | Public | Public Education | $25,000 |
| Ellen Noel Art Museum | |||||||
| 4909 E University | Odessa | TX | 79762 | None | Public | Cultural Arts | $10,000 |
| Midland-Odessa Symphony Chorale | |||||||
| 3100 La Force Blvd | Odessa | TX | 79761 | None | Public | Public Symphony | $100,000 |
| Midland Opera Theatre | |||||||
| PO Box 4504 | Midland | TX | 79704 | None | Public | Cultural Arts | $30,000 |
| Midland County Public Library Fund | |||||||
| 301 W Missouri | Midland | TX | 79701 | None | Public | Public Charity | $10,000 |
| Midland ISD Foundation | |||||||
| 550 W Texas Suite 250 | Midland | TX | 79701 | None | Public | Funding Festival on the Arts | $25,000 |
| West Texas Jazz Society | |||||||
| PO Box 10832 | Midland | TX | 79702 | None | Public | Cultural Arts | $20,000 |
| Samaritan Counseling Center | |||||||
| 10008 Pilot Ave | Midland | TX | 79711 | None | Public | History Preserv & Education | $3,000 |
| Hispanic Cultural Center of Midland | |||||||
| PO Box 51404 | Midland | TX | 79710 | None | Public | Underwrite Event | $10,000 |
| Manor Park Inc | |||||||
| 2208 N Loop 250 West | Midland | TX | 79707 | None | Public | Purchases | $10,000 |
| Marfa Public Radio Corp | |||||||
| 111 S Highland | Marfa | TX | 79843 | None | Public | Increase Coverage | $30,000 |
| Odessa Hi School BandOrchestra Boos | |||||||
| 1301 N Dotsy Ave | Odessa | TX | 79763 | None | Public | Concert Trip | $10,000 |
| Midland Montessori School | |||||||
| 1011 Austin St | Midland | TX | 79703 | None | Public | Purchase Musical Instruments | $10,000 |
| Odessa College Foundation | |||||||
| 201 W University Blvd | Odessa | TX | 79762 | None | Public | Steinway Piano Initiative | $50,000 |
| Texas Tech Univ - Visual Perf Arts | |||||||
| Holden Hall Room 103 | Lubbock | TX | 79409 | None | Public | Summer Lab & Workshop | $15,000 |
| Univ of Texas-Austin -Theatre Dance | |||||||
| 300 East 23rd St | Austin | TX | 78712 | None | Public | Undergraduate Scholarships | $15,000 |
| Louise Hopkins Underwood Center for | |||||||
| 511 Ave K | Lubbock | TX | 79410 | None | Public | Art | $15,000 |
| 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 | Educational | $5,000 |
| Non-proft Mgmt Center of Permian Ba | |||||||
| 3500 N A Street 2300 | Midland | TX | 79705 | None | Public | Fund Rasing Assistance | $2,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,387,500 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 1 | ExclusionCd |
| Exclusion | $543,602 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 1 | ExclusionCd |
| Exclusion | $3,362,218 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $757,437 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $3,905,820 | ExclusionAmt |
| Related Or Exempt Function Incm | $757,437 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,663,257 | 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) |
|---|---|---|
| Amt | $11,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $11,000 | 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 | $1,230,284 | PriorYearDepreciationAmt |
| Computation Method | 94 | ComputationMethodTxt |
| Life | 25.0000 | LifeRt |
| Current Year Expense | $270,110 | CurrentYearExpenseAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (17 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AT&T Inc 5/15/18 | $109,405 | $112,729 |
| American Intl Group 7/16/19 | $49,899 | $49,634 |
| BP Capital Mkts 10/1/20 | $108,860 | $109,218 |
| Berkshire Hathaway 1/15/21 | $107,260 | $109,306 |
| Blackrock Inc 12/10/19 | $78,028 | $84,755 |
| Cisco Syst 2/15/19 | $115,075 | $111,918 |
| Duke Energy 8/15/17 | $101,389 | $100,394 |
| EBay Inc 10/15/20 | $99,255 | $102,374 |
| Genl Elec Cap 11/14/14 | $211,934 | $200,834 |
| Kellog Co 5/17/17 | $101,583 | $100,785 |
| McDonalds 1/15/22 | $99,657 | $98,542 |
| Medco Health 9/15/20 | $110,946 | $106,585 |
| Microsoft | ||
| Pepsico 6/1/18 | $115,708 | $111,288 |
| Target 1/15/18 | $100,958 | $113,797 |
| Teck Resources 2/1/18 | $102,379 | $100,132 |
| Wal Mart 4/15/21 | $108,811 | $110,064 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (48 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Blackrock Inc | $77,831 | $82,080 |
| Aflac | ||
| Affiliated Managers | $61,007 | $115,207 |
| Anheuser-Busch | $80,115 | $124,263 |
| Apache Corp | $105,153 | $105,885 |
| Apple Computer | $75,002 | $289,153 |
| Baxter Intl Inc | $107,158 | $110,454 |
| Berkshire Hathaway | $106,282 | $200,994 |
| BHP Billiton | $72,676 | $50,813 |
| Boeing | $100,302 | $160,117 |
| Citi Group Inc | $131,656 | $136,338 |
| CME Group | $85,519 | $127,128 |
| CVS/Caremark | $49,907 | $145,491 |
| Capital One Financial | ||
| Celanese Corp | $74,365 | $84,327 |
| Chevron Corp | $46,411 | $91,160 |
| Cisco Systems | $74,794 | $112,258 |
| Coach Inc | ||
| Comcast Corp | $39,702 | $150,154 |
| Cummins Inc | $153,657 | $150,061 |
| Diageo PLC | $42,111 | $84,127 |
| Disney (Walt) Co | $46,651 | $167,822 |
| EMC Corp | $64,091 | $112,241 |
| Eaton Corp PLC | $71,404 | $88,655 |
| Gilead Sciences | $26,758 | $108,366 |
| Goldman Sachs | $50,581 | $92,703 |
| $122,827 | $161,661 | |
| HSBC | $129,946 | $124,809 |
| IBM Corp | $81,682 | $75,552 |
| JP Morgan Chase | $87,135 | $147,468 |
| Johnson Controls | $77,635 | $101,464 |
| Las Vegas Sands | $109,565 | $108,308 |
| Mckesson Corp | $69,677 | $143,082 |
| Microsoft | $85,551 | $133,656 |
| Monster Beverage | $39,498 | $80,945 |
| National Oil Well Inc | $88,899 | $104,333 |
| Nestle S A | $49,070 | $98,443 |
| Oracle Corp | $70,431 | $99,528 |
| Schlumberger | $84,713 | $131,383 |
| TJX Cos Inc | $51,562 | $111,654 |
| Target | $127,005 | $155,008 |
| 3M Company | ||
| Thermo Fisher Scientific | $33,970 | $93,344 |
| Total SA -adr | $69,514 | $99,253 |
| United Health Group | $58,069 | $169,740 |
| Union Pacific | $86,221 | $184,748 |
| United Parcel | $65,919 | $93,376 |
| US Bancorp | $90,692 | $120,052 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $1,501,139 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $1,458,959 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $175,000 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $176,092 | 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 | $1,500,394 | AccumulatedDepreciationAmt |
| Book Value | $5,225,941 | BookValueAmt |
| EOYFMV | $11,393,894 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (39 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Aberdeen Global High Inc Fd | AT COST | $840,744 | $832,136 |
| T Rowe Price Instl Float | AT COST | $350,000 | $345,233 |
| Dreyfus Emerg Mkts Debt Fd | AT COST | $500,000 | $467,191 |
| Dreyfus Intnatl Bond Fd | AT COST | $510,000 | $502,888 |
| Dreyfus Boston Co Sm Cap Fd | AT COST | ||
| Pimco Foreign Bond Fd | AT COST | $545,000 | $490,446 |
| Templeton Global Bond Fd | AT COST | $191,901 | $204,098 |
| ASGI Agility Income Fd | AT COST | $1,000,000 | $1,047,275 |
| Fidelity Adv Emerging Mkts Fd | AT COST | $364,000 | $396,029 |
| Ishares Core S&P Midcap Fd | AT COST | $560,773 | $739,080 |
| Ishares Small Cap 600 Index Fd | AT COST | $175,384 | $337,411 |
| Kalmar Grwth w/val Sm Cap Fd | AT COST | $195,000 | $184,151 |
| Keeley Small Cap Value Fd | AT COST | $74,083 | $140,527 |
| MSIF Mid Cap Growth Fd | AT COST | $375,000 | $385,603 |
| Stratton Small Cap Value Fd | AT COST | $50,000 | $47,938 |
| Touchstone Mid Cap Value Fd | AT COST | $375,000 | $366,030 |
| Harbor Intl Fund | AT COST | $350,327 | $492,199 |
| Invesco Int'l Growth Fund | AT COST | $90,000 | $130,057 |
| IShares MSCI EAFE ETF | AT COST | $717,331 | $801,308 |
| Principal Inv Mid Cap Growth Fd | AT COST | ||
| Oppenheimer Develop Mkts Fd | AT COST | $125,000 | $119,893 |
| T Rowe Price Inst Emer Fd | AT COST | $300,118 | $357,931 |
| Templeton Emerg Mkts Sm Cap Fd | AT COST | $100,000 | $101,325 |
| Vanguard Emerging Markets | AT COST | $405,238 | $386,026 |
| Ally Mtg-Backed Master Tr | AT COST | $296,461 | $298,230 |
| ASGI Mesirow Insight Fd | AT COST | $461,726 | $485,987 |
| Hussman Strat Grwth Fd | AT COST | ||
| Ishares Gold Trust | AT COST | ||
| AQR Managed Strategies | AT COST | $100,000 | $99,811 |
| ASG Global Alternatives Fd | AT COST | $225,000 | $221,053 |
| Driehaus Active Income Fd | AT COST | $400,000 | $391,458 |
| Pam Global Diversified Fund | AT COST | $425,000 | $364,670 |
| Partners Group Priv Eq | AT COST | $25,779 | $25,779 |
| Merger Fund | AT COST | $399,434 | $414,088 |
| Barclay IPath Commod Index | AT COST | $277,191 | $225,845 |
| Chambers St Props (Ellis Rlty) | AT COST | ||
| Rici Linked Pam Total Index | AT COST | $350,000 | $331,466 |
| SPDR DJ Wilshire Int'l Real Estate ETF | AT COST | $539,472 | $605,953 |
| Vanguard REIT Viper | AT COST | $651,514 | $902,939 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Dues to Assoc of Foundations | $1,500 | $1,500 |
| Other Expense re Royalties | $4,700 | $4,700 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Investment Income | Desc |
| Revenue And Expenses Per Books | $3,362,218 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $3,362,218 | NetInvestmentIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Basis Adjustments | Description |
| Amount | $132,204 | Amount |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Appraisal Fees | CategoryTxt |
| Amt | $1,800 | Amt |
| Net Investment Income | $1,800 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 3 | $274,710 | $274,710 |
| Current Yr Est Tax Pmts - Form 990-PF | $59,090 | $59,090 |
| Foreign Tax on Dividends | $2,019 | $2,019 |
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