TAU TRUSTEES EDUCATIONAL FOUNDATION INC: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization: TAU TRUSTEES EDUCATIONAL FOUNDATION INC (EIN 75-1886641)
Tax period: 2013-01-01 to 2013-12-31
Filed: 2014-05-16
IRS object ID: 201431369349100623
Schema version: 2013v3.1
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
Schedule B
Other Expenses Schedule
Other Notes Loans Rcvbl Long Sch

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2014-05-16T15:37:28-07:00	ReturnTs
Tax Period End	2013-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Lange & Associates PC	BusinessNameLine1

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	6300 Ridglea Place Suite 500	AddressLine1
City	Fort Worth	City
State	TX	State
ZIP Code	76116	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2013-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	751886641	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Tau Trustees Educational Foundation Inc	BusinessNameLine1

Field	Value	IRS element (for citing)
Business Name Control	TAUT	BusinessNameControlTxt
Phone	8173487508	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3001 Meacham Boulevard	AddressLine1
City	Fort Worth	City
State	TX	State
ZIP Code	76137	ZIPCode

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MICHAEL SHARPE	PersonNm
Person Title	OFFICER	PersonTitleTxt
Phone	8173487508	PhoneNum
Signature	2014-04-30	SignatureDt

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	T FIELD LANGE CPA	PreparerPersonNm
Phone	8173353800	PhoneNum

Field	Value	IRS element (for citing)
Tax	2013	TaxYr
Build TS	2015-12-30 17:16:21Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$1,642,717	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$64,012	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$25	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$25	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$25	InterestOnSavingsAdjNetIncmAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$64,037	TotalRevAndExpnssAmt
Total Net Invst Incm	$25	TotalNetInvstIncmAmt
Total Adj Net Incm	$25	TotalAdjNetIncmAmt
Legal Fees Rev And Expnss	$2,917	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$2,917	LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm	$2,917	LegalFeesAdjNetIncmAmt
Accounting Fees Rev And Expnss	$1,500	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$1,500	AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm	$1,500	AccountingFeesAdjNetIncmAmt
Other Expenses Rev And Expnss	$111	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$111	OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm	$111	OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss	$4,528	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$4,528	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$4,528	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$0	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$0	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$4,528	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$4,528	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$4,528	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$0	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$59,509	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$77,950	CashBOYAmt
Cash EOY	$137,459	CashEOYAmt
Cash EOYFMV	$137,459	CashEOYFMVAmt
Other Nts And Loans Rcvbl	$1,505,258	OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY	$1,505,258	OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY	$1,505,258	OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV	$1,505,258	OtherNtsAndLoansRcvblEOYFMVAmt
Total Assets BOY	$1,583,208	TotalAssetsBOYAmt
Total Assets EOY	$1,642,717	TotalAssetsEOYAmt
Total Assets EOYFMV	$1,642,717	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Capital Stock BOY	$1,583,208	CapitalStockBOYAmt
Capital Stock EOY	$1,642,717	CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY	$1,583,208	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$1,642,717	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$1,583,208	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$1,642,717	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$1,583,208	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$59,509	ExcessRevenueOverExpensesAmt
Subtotal	$1,642,717	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$1,642,717	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$39,725	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$96,661	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.410972	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$57,000	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$115,014	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.495592	DistributionYr2Rt
Net Vl Noncharitable Assets Yr3	$549,947	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.000000	DistributionYr3Rt
Net Vl Noncharitable Assets Yr4	$901,325	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.000000	DistributionYr4Rt
Net Vl Noncharitable Assets Yr5	$215,736	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.000000	DistributionYr5Rt
Total Distribution	0.906564	TotalDistributionRt
Average Distribution	0.181313	AverageDistributionRt
Net Vl Noncharitable Assets	$127,939	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$23,197	AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct	$23,197	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$0	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Tax Based On Investment Income	$0	TaxBasedOnInvestmentIncomeAmt
Applied To ES Tax	$0	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	Yes (true)	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	MICHAEL SHARPE	IndividualWithBooksNm
Phone	8173487508	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	3001 Meacham Blvd Ste 100	AddressLine1
City	Fort Worth	City
State	TX	State
ZIP Code	76137	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	Yes (true)	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
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
ROBERT T SABOM
4200 Montrose Blvd Suite 480	Houston	TX	77006	President	0.25	$0	$0	$0
MICHAEL B SHARPE
6320 Southern Hills Dr	Fort Worth	TX	76132	Vice-President	0.25	$0	$0	$0
JOHN R WARREN
PO Box 5723	Austin	TX	78763	Vice-President	0.25	$0	$0	$0
TIMOTHY J HERMAN
4200 Alta Court	Austin	TX	78731	Secretary/Treasurer	0.25	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$129,887	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$129,887	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$129,887	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,948	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$127,939	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$6,397	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$6,397	MinimumInvestmentReturnAmt
Distributable Before Adj	$6,397	DistributableBeforeAdjAmt
Distributable Before Ded	$6,397	DistributableBeforeDedAmt
Distributable As Adjusted	$6,397	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$0	ExpensesAndContributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$6,397	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1	$2,331	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$2,331	TotalExcessDistributionCyovAmt
Excess Distri Cyov App CY Corpus	$2,331	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$2,331	ExcessDistributionCyovAppCYAmt
Undistributed Income CY	$4,066	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	NONE	ContributingManagerNm
Shareholder Manager	NONE	ShareholderManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$25	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$25	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$25	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	Yes (true)	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	Yes (true)	SharingOfFacilitiesEtcInd

Transfer Schedule Detail TransferScheduleDetail (2 entries)

Line NumberLineNumberTxt	InvolvedInvolvedAmt	Transfers Trans And Shr ArrngmTransfersTransAndShrArrngmDesc
Texas Kappa Sigma Educational Foundation Inc
1b(5)	$1,505,258	Loan for Construction Activities
Texas Kappa Sigma Educational Foundation Inc
1c	$1	Shared mailing list

Field	Value	IRS element (for citing)
Relationships Nonchrtbl EO	Yes (true)	RelationshipsNonchrtblEOInd

Relationship Schedule Detail RelationshipScheduleDetail (2 entries)

Organization TypeOrganizationTypeDesc	Relationship DescriptionRelationshipDescriptionTxt
Kappa Sigma Fraternity
501(c)7	Historical but no common ownership
Texas Kappa Sigma Educational Foundation Inc
501(c)2	Common Members on Board of Trustees

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp (4 entries)

ContributorContributorNum	Address Line1ContributorUSAddress/AddressLine1	CityContributorUSAddress/City	StateContributorUSAddress/State	ZIP CodeContributorUSAddress/ZIPCode	Total ContributionsTotalContributionsAmt	Person ContributionPersonContributionInd
WALTER M MISCHER
1	9 Greenway Plz Ste 2900	Houston	TX	77046	$5,000	Yes (X)
GEORGE ALCORN
2	5562 Bordley Dr	Houston	TX	77056	$25,000	Yes (X)
EOG Resources Inc
3	PO Box 4362	Houston	TX	77210	$25,000	Yes (X)
RICK WARREN
4	PO Box 5723	Austin	TX	78763	$7,000	Yes (X)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

Field	Value	IRS element (for citing)
Desc	Bank Charges	Desc
Revenue And Expenses Per Books	$111	RevenueAndExpensesPerBooksAmt
Net Investment Income	$111	NetInvestmentIncomeAmt
Adjusted Net Income	$111	AdjustedNetIncomeAmt

Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch

Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp

Borrower Name BorrowerNameGrp

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Texas Kappa Sigma Education Foundation Inc	BusinessNameLine1

Field	Value	IRS element (for citing)
Insider Relationship	Related Entity	InsiderRelationshipTxt
Loan Original	$1,036,864	LoanOriginalAmt
Balance Due	$1,505,258	BalanceDueAmt
Note	2010-02	NoteDt
Loan Maturity	2013-12	LoanMaturityDt
Repayment Terms	Lump Sum	RepaymentTermsTxt
Interest	0	InterestRt
Security Provided Borrower	None	SecurityProvidedBorrowerTxt
Loan Purpose	Construction	LoanPurposeTxt
Lender Consideration	None	LenderConsiderationDesc

TAU TRUSTEES EDUCATIONAL FOUNDATION INC: Form 990PF, tax year 2013

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Transfer Schedule Detail TransferScheduleDetail (2 entries)

Relationship Schedule Detail RelationshipScheduleDetail (2 entries)

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp (4 entries)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch

Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp

Borrower Name BorrowerNameGrp

Business Name BusinessName

Comments