WEBSTER EDUCATIONAL FOUNDATION: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
WEBSTER EDUCATIONAL FOUNDATION (EIN 46-5374393)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-05-15
IRS object ID
201511359349101461
Schema version
2014v5.0
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)
Return2015-05-15T09:30:04-07:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Axley & Rode LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11307 S 1st StAddressLine1Txt
CityLufkinCityNm
State AbbreviationTXStateAbbreviationCd
ZIP759014717ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN465374393EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Webster Educational FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWEBSBusinessNameControlTxt
Phone9363277181PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1306 North WashingtonAddressLine1Txt
CityLivingstonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77351ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonShelly SittonPersonNm
Person TitleSecretaryPersonTitleTxt
Signature2015-05-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJ GARVEY JACKSON PC CPAPreparerPersonNm
PTINP00049845PTIN
Phone9366346621PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$11,339,844FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$9,112,894ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$9,112,894TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Taxes Rev And Expnss$50TaxesRevAndExpnssAmt
Taxes Net Invst Incm$25TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$25TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$850OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$425OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$425OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$900TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$450TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$450TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$901TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$450TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$451TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$9,111,993ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst EOY$702,844SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$702,844SavAndTempCashInvstEOYFMVAmt
US Government Obligations EOY$3,780,861USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$3,783,434USGovtObligationsEOYFMVAmt
Invst Land Cost Or Other Basis$4,574,064InvstLandCostOrOtherBasisAmt
Land Bldg Investments EOY$4,574,064LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$6,799,341LandBldgInvestmentsEOYFMVAmt
Other Assets EOY$54,225OtherAssetsEOYAmt
Other Assets EOYFMV$54,225OtherAssetsEOYFMVAmt
Total Assets EOY$9,111,994TotalAssetsEOYAmt
Total Assets EOYFMV$11,339,844TotalAssetsEOYFMVAmt
Grants Payable EOY$38,356GrantsPayableEOYAmt
Total Liabilities EOY$38,356TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock EOY$9,111,994CapitalStockEOYAmt
Retained Earning EOY-$38,356RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances EOY$9,073,638TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$0TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$9,111,994TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Excess Revenue Over Expenses$9,111,993ExcessRevenueOverExpensesAmt
Subtotal$9,111,993SubtotalAmt
Other Decreases$38,355OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$9,073,638TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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
Org Report Or Register StateTXOrgReportOrRegisterStateCd
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 Line1Shelly SittonBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9363277181PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1306 North WashingtonAddressLine1Txt
CityLivingstonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77351ZIPCd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Carolyn Nixon
400 Locklane 28Lake CharlesLA70605Director0.00$0
Gene Bush
PO Box 1617LivingstonTX77351Pres/Director0.00$0
Anthony Page
PO Box 500CorriganTX75939VP/Director0.00$0
Shelly Sitton
PO Box 126LivingstonTX77351Secretary0.00$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$168,048AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$50,119AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$569,786FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$787,953TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$787,953AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,819CashDeemedCharitableAmt
Net Vl Noncharitable Assets$776,134NetVlNoncharitableAssetsAmt
Minimum Investment Return$38,807MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$38,807MinimumInvestmentReturnAmt
Distributable Before Adj$38,807DistributableBeforeAdjAmt
Distributable Before Ded$38,807DistributableBeforeDedAmt
Distributable As Adjusted$38,807DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$451ExpensesAndContributionsAmt
Qualifying Distributions$451QualifyingDistributionsAmt
Adjusted Qualifying Distri$451AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$38,807DistributableAsAdjustedAmt
Qualifying Distributions$451QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$451AppliedToCurrentYearAmt
Undistributed Income CY$38,356UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonFloyd BushRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1306 N WashingtonAddressLine1Txt
CityLivingstonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77351ZIPCd
FieldValueIRS element (for citing)
Recipient Phone9363277181RecipientPhoneNum
Form And Info And MaterialsNo specified form required at this timeFormAndInfoAndMaterialsTxt
Submission DeadlinesnoneSubmissionDeadlinesTxt
Restrictions On AwardsRESTRICTED TO ENTITIES THAT WILL PROMOTE, ASSIST AND FURTHER THE CULTURAL, ARTISTIC, EDUCATIONAL, LITERARY, RECREATIONAL, CHARITABLE, AND HISTORICAL ACTIVITIES, AND FACILITIES CARRIED ON OR MAINTAINED BY THE CITIES OF LIVINGSTON AND CORRIGAN, TEXAS AND POLK COUNTY, TEXAS FOR THE RESIDENTS OF SAID CITIES AND COUNTY.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonVarious DirectRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 1617AddressLine1Txt
CityLivingstonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77351ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNoneRecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeScholarshipsGrantOrContributionPurposeTxt
Amt$1Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BIG SANDY SCHOOL DISTRICT
RT 3 BOX 422LIVINGSTONTX77351NONEPCScholarships$106,000
CORRIGANCAMDEN ISD
HWY 287 WCORRIGANTX75939NONEPCScholarships$190,000
GOODRICH SCHOOL DISTRICT
P O BOX 789GOODRICHTX77351NONEPCScholarships$56,000
Leggett Ind School District
PO Box 69LeggettTX77350NonePCScholarships$52,000
LIVINGSTON IND SCHOOL DIST
907 W CHURCH STLIVINGSTONTX77351NONEPCScholarships$260,000
Onalaska ISD
PO Box 2289OnalaskaTX77360NonePCScholarships$28,000
Various Direct
P O BOX 1617LivingstonTX77351NonePCScholarships$11,000
FieldValueIRS element (for citing)
Total Grant Or Contri Apprv Fut$703,000TotalGrantOrContriApprvFutAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1Bergman-Davison-Webster CharitableBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1P O Box 1617AddressLine1Txt
CityLivingstonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77351ZIPCd
FieldValueIRS element (for citing)
Total Contributions$9,112,894TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertyVarious InvestmentsNoncashPropertyDesc
Fair Market Value$8,909,149FairMarketValueAmt
Received2014-12-31ReceivedDt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$3,780,861USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$3,783,434USGovtObligationsEOYFMVAmt

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp

FieldValueIRS element (for citing)
Category Or ItemLandCategoryOrItemTxt
Cost Or Other Basis$4,574,064CostOrOtherBasisAmt
Book Value$4,574,064BookValueAmt
EOYFMV$6,799,341EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (3 entries)

DescDescEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Due from Affiliates$12,549$12,549
Prepaid Treasury Interest$596$596
Royalty Interests$41,080$41,080

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescIncrease in Grants PayableDesc
Amt$38,355Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescFiling FeesDesc
Revenue And Expenses Per Books$850RevenueAndExpensesPerBooksAmt
Net Investment Income$425NetInvestmentIncomeAmt
Disbursements Charitable Prps$425DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryOther TaxesCategoryTxt
Amt$50Amt
Net Investment Income$25NetInvestmentIncomeAmt
Disbursements Charitable Prps$25DisbursementsCharitablePrpsAmt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.