POLYCARP FOUNDATION: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- POLYCARP FOUNDATION (EIN 75-2777481)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-10-28
- IRS object ID
- 201303019349100260
- Schema version
- 2012v2.0
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Other Schedule2
- Other Decreases Schedule
- Other Increases Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-10-28T13:35:04-07:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Clovis E Sanford PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4100 Spring Valley Suite 318 | AddressLine1 |
| City | Dallas | City |
| State | TX | State |
| ZIP Code | 75244 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 752777481 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Polycarp Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | POLY | NameControl |
| Phone | 9722330595 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3508 Harvard Ave | AddressLine1 |
| City | Dallas | City |
| State | TX | State |
| ZIP Code | 75205 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Charles Doolin | Name |
| Title | President | Title |
| Date Signed | 2013-10-28 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Clovis E Sanford CPA | Name |
| PTIN | P00432997 | PTIN |
| Phone | 9722390100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 1340504 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Dividends Rev And Expnss | 2701 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 2701 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 2701 | DividendsAdjNetIncm |
| Total Revenue And Expenses | 2701 | TotalRevenueAndExpenses |
| Total Net Investment Income | 2701 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 2701 | TotalAdjustedNetIncome |
| Accounting Fees Rev And Expnss | 1702 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 1702 | AccountingFeesNetInvstIncm |
| Tot Opr Expenses Rev And Expnss | 1702 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 1702 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 36000 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 36000 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 37702 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 1702 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 36000 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -35001 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 999 | NetInvestmentIncome |
| Adjusted Net Income | 2701 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 6918 | CashBOY |
| Cash EOY | 840177 | CashEOY |
| Cash EOYFMV | 840127 | CashEOYFMV |
| Investments Other EOY | 500000 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 500377 | InvestmentsOtherEOYFMV |
| Total Assets BOY | 6918 | TotalAssetsBOY |
| Total Assets EOY | 1340177 | TotalAssetsEOY |
| Total Assets EOYFMV | 1340504 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 6918 | RetainedEarningsBOY |
| Retained Earnings EOY | 1340177 | RetainedEarningsEOY |
| Total Net Assets BOY | 6918 | TotalNetAssetsBOY |
| Total Net Assets EOY | 1340177 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 6918 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 1340177 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 6918 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -35001 | ExcessOfRevenueOverExpenses |
| Other Increases | 1368636 | OtherIncreases |
| Subtotal | 1340553 | Subtotal |
| Other Decreases | 376 | OtherDecreases |
| Total Net Assets Fund Balances EOY | 1340177 | TotalNetAssetsFundBalancesEOY |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 20 | InvestmentIncomeExciseTax |
| Subtotal | 20 | Subtotal |
| Tax Based On Investment Income | 20 | TaxBasedOnInvestmentIncome |
| Form2220 Attached | X | Form2220Attached |
| Tax Due | 20 | TaxDue |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Form990 T Filed | false | Form990TFiled |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | TX | StatesFiledWith |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Charles Doolin | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 2145990077 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3508 Harvard | AddressLine1 |
| City | Dallas | City |
| State | TX | State |
| ZIP Code | 752053224 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | false | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Acts Fail To Qualify As Exceptions | false | ActsFailToQualifyAsExceptions |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Undistr Income4942a2 Not Applied | false | UndistrIncome4942a2NotApplied |
| Business Holdings | false | BusinessHoldings |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Tr Fail To Qualify As Exceptions | false | TrFailToQualifyAsExceptions |
| Maint Expend Responsibility | false | MaintExpendResponsibility |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
| Proceeds Or Net Income | false | ProceedsOrNetIncome |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| Earl Doolin | ||||||
| 6411 Northaven | Dallas | TX | 75230 | Treasurer | 0.00 | 0 |
| Kaleta Doolin | ||||||
| 5501 Columbia Art Center | Dallas | TX | 75214 | Secretary | 0.00 | 0 |
| Charles Doolin | ||||||
| 3508 Harvard | Dallas | TX | 75205 | President | 0.00 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 250302 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 504235 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 754537 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 754537 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 11318 | CashDeemedCharitable |
| Net Noncharitable Assets | 743219 | NetNoncharitableAssets |
| Minimum Investment Return | 37161 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 37161 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 20 | TaxBasedOnInvestmentIncome |
| Total Tax | 20 | TotalTax |
| Distributable Amount Before Adj | 37141 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 37141 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 37141 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 36000 | ExpensesAndContributions |
| Qualifying Distributions | 36000 | QualifyingDistributions |
| Adj Qualifying Distributions | 36000 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 37141 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year5 | 148721 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 145866 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 144502 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 91061 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 30244 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 560394 | TotalExcessDistriCarryover |
| Qualifying Distributions | 36000 | QualifyingDistributions |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 36000 | AppliedToCurrentYear |
| Excess Distri Cyov App CY Corpus | 1141 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 1141 | ExcessDistriCyovAppliedCY |
| Total Corpus | 559253 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov From Year5 | 147580 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 411673 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 145866 | ExcessFromYear4 |
| Excess From Year3 | 144502 | ExcessFromYear3 |
| Excess From Year2 | 91061 | ExcessFromYear2 |
| Excess From Year1 | 30244 | ExcessFromYear1 |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (6 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| Friends of Texas Sea Scouts | |||||||
| 1915 Forest Garden | Kingwood | TX | 77345 | NONE | Public | General Operations; | $1,000 |
| Boys Girls harbor | |||||||
| 514 Bayridge Road | La Porte | TX | 77571 | NONE | Public | General Operations; | $1,000 |
| Bay Area Council BSa-Galveston | |||||||
| 3020 53rd Street | Galveston | TX | 77551 | NONE | Public | General Operations; | $3,000 |
| Salvation Army | |||||||
| 2228 Broadway St | Galveston | TX | 77550 | NONE | Public | General operations. | $10,000 |
| Rush Creek Education Fund | |||||||
| 320 Rush Creek Dr | Heath | TX | 75032 | NONE | Public | General Fund for the purpose of furthering boating education. | $20,000 |
| Boy Scouts of America-Circle Ten | |||||||
| 8605 Harry Hines Blvd | Dallas | TX | 75235 | NONE | Public | General Fund for the purpose of furthering scout education. | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 36000 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 2701 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 2701 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 2701 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | 1 | ContributorNumber |
| Contributor Name Individual | Mary Kathryn Doolin CLUT Foundation | ContributorNameIndividual |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12770 Coit Road Suite 1217 | AddressLine1 |
| City | Dallas | City |
| State | TX | State |
| ZIP Code | 75251 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 1368636 | AggregateContributions |
| Person Contribution Type | X | PersonContributionType |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees (2 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|---|
| US Trust Coustodial Fees | $768 | 768 | 0 | 0 |
| Accounting | $934 | 934 | 0 | 0 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | 55,493.896 CNG Untra Short Term bond | CategoryOrItem |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMV |
| Book Value | 500000 | BookValue |
| EOYFMV | 500377 | EOYFMV |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases OtherDecreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Book to tax dividends | Description |
| Amount | $376 | Amount |
Other Increases Schedule OtherIncreasesSchedule
Other Increases OtherIncreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Cash Contributions | Description |
| Amount | $1,368,636 | Amount |
Comments