WINSTON CHARITABLE FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: WINSTON CHARITABLE FOUNDATION (EIN 74-2877210)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-11-15
IRS object ID: 201323199349101872
Schema version: 2012v2.1
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
Investments Corp Stock Schedule
Other Increases Schedule
Other Professional Fees Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-11-15T14:35:20-06:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	460744491	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WILLIAM E BLUMMER CPA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	4900 WOODWAY DR SUITE 885	AddressLine1
City	Houston	City
State	TX	State
ZIP Code	77056	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	742877210	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	THE WINSTON CHARITABLE FOUNATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	WINS	NameControl

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4265 SAN FELIPE	AddressLine1
City	HOUSTON	City
State	TX	State
ZIP Code	77027	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	CHAILLE WINSTON HAWKINS	Name
Title	CPA	Title
Date Signed	2013-11-14	DateSigned
Authorize Third Party	false	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	William E Blummer CPA	Name
PTIN	P01482630	PTIN
Phone	7136232113	Phone
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	3892798	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Dividends Rev And Expnss	109942	DividendsRevAndExpnss
Dividends Net Invst Incm	109942	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	89305	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	90543	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	89305	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	199247	TotalRevenueAndExpenses
Total Net Investment Income	199247	TotalNetInvestmentIncome
Other Prof Fees Rev And Expnss	25349	OtherProfFeesRevAndExpnss
Other Prof Fees Net Invst Incm	25349	OtherProfFeesNetInvstIncm
Tot Opr Expenses Rev And Expnss	25349	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	25349	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	200000	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	200000	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	225349	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	25349	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	200000	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-26102	ExcessOfRevenueOverExpenses
Net Investment Income	173898	NetInvestmentIncome
Adjusted Net Income	0	AdjustedNetIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	47095	CashBOY
Cash EOY	16775	CashEOY
Cash EOYFMV	16775	CashEOYFMV
Prepaid Expenses EOY	4000	PrepaidExpensesEOY
Prepaid Expenses EOYFMV	4000	PrepaidExpensesEOYFMV
Investments Corp Stock BOY	3811073	InvestmentsCorpStockBOY
Investments Corp Stock EOY	3872023	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	3872023	InvestmentsCorpStockEOYFMV
Total Assets BOY	3858168	TotalAssetsBOY
Total Assets EOY	3892798	TotalAssetsEOY
Total Assets EOYFMV	3892798	TotalAssetsEOYFMV
Total Liabilities BOY	0	TotalLiabilitiesBOY
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Capital Stock BOY	140523	CapitalStockBOY
Capital Stock EOY	140523	CapitalStockEOY
Retained Earnings BOY	3717645	RetainedEarningsBOY
Retained Earnings EOY	3752275	RetainedEarningsEOY
Total Net Assets BOY	3858168	TotalNetAssetsBOY
Total Net Assets EOY	3892798	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	3858168	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	3892798	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	3858168	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-26102	ExcessOfRevenueOverExpenses
Other Increases	60732	OtherIncreases
Subtotal	3892798	Subtotal
Total Net Assets Fund Balances EOY	3892798	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo

Field	Value	IRS element (for citing)
Description Of Asset	1025 EXXON MOBIL COMMON STOCK	DescriptionOfAsset
How Acquired	P	HowAcquired
Date Acquired	1979-10-19	DateAcquired
Date Sold	2012-12-20	DateSold
Gross Sales Price	90543	GrossSalesPrice
Cost Or Other Basis	1238	CostOrOtherBasis
Gain Or Loss	89305	GainOrLoss
Gains Minus Excess Or Losses	89305	GainsMinusExcessOrLosses

Field	Value	IRS element (for citing)
Capital Gain Net Income	89305	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Qualifying Distributions Year1	65000	QualifyingDistributionsYear1
Noncharitable Assets Year1	3609872	NoncharitableAssetsYear1
Distribution Ratio Year1	0.018006	DistributionRatioYear1
Qualifying Distributions Year2	20000	QualifyingDistributionsYear2
Noncharitable Assets Year2	1718132	NoncharitableAssetsYear2
Distribution Ratio Year2	0.011641	DistributionRatioYear2
Qualifying Distributions Year3	20017	QualifyingDistributionsYear3
Noncharitable Assets Year3	192615	NoncharitableAssetsYear3
Distribution Ratio Year3	0.103922	DistributionRatioYear3
Qualifying Distributions Year4	815	QualifyingDistributionsYear4
Noncharitable Assets Year4	226323	NoncharitableAssetsYear4
Distribution Ratio Year4	0.003601	DistributionRatioYear4
Qualifying Distributions Year5	9000	QualifyingDistributionsYear5
Noncharitable Assets Year5	222154	NoncharitableAssetsYear5
Distribution Ratio Year5	0.040512	DistributionRatioYear5
Total Distribution Ratio	0.177683	TotalDistributionRatio
Average Distribution Ratio	0.035537	AverageDistributionRatio
Net Noncharitable Assets	3969548	NetNoncharitableAssets
Adjusted Noncharitable Assets	141066	AdjustedNoncharitableAssets
One Percent Net Investment Income	1739	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	142805	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	200000	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	1739	InvestmentIncomeExciseTax
Tax Under Section511	0	TaxUnderSection511
Subtotal	1739	Subtotal
Subtitle A Tax	0	SubtitleATax
Tax Based On Investment Income	1739	TaxBasedOnInvestmentIncome
Tax Paid With Extension	4000	TaxPaidWithExtension
Total Credits And Payments	4000	TotalCreditsAndPayments
Overpayment	2261	Overpayment
Amount Credited To Next Year	2261	AmountCreditedToNextYear

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
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
Form990 PF Filed With AG	false	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Books In Care Of Person Name	LYNN DAVID WINSTON	BooksInCareOfPersonName
Books In Care Of Phone Number	7139934675	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	4265 SAN FELIPE	AddressLine1
City	HOUSTON	City
State	TX	State
ZIP Code	77027	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
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	true	UndistributedIncomePriorYears
Undistributed Income Prior Year1	2010	UndistributedIncomePriorYear1
Undistributed Income Prior Year2	2011	UndistributedIncomePriorYear2
Business Holdings	false	BusinessHoldings
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
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances
LYNN DAVID WINSTON
4265 SAN FELIPE	HOUSTON	TX	77027	DIRECTOR	1.00	0	0	0
CHAILLE WINSTON HAWKINS
4265 SAN FELIPE	HOUSTON	TX	77027	DIRECTOR	0.00	0	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k	0	TotNumberOfOthEmplPaidOver50k

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

Field	Value	IRS element (for citing)
Description1	NONE	Description1
Expenses1	0	Expenses1

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Field	Value	IRS element (for citing)
Description1	NA	Description1
Amount1	0	Amount1

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	3960444	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	69554	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	4029998	TotalFMVOfUnusedAssets
Acquisition Indebtedness	0	AcquisitionIndebtedness
Adj Total FMV Of Unused Assets	4029998	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	60450	CashDeemedCharitable
Net Noncharitable Assets	3969548	NetNoncharitableAssets
Minimum Investment Return	198477	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	198477	MinimumInvestmentReturn
Tax Based On Investment Income	1739	TaxBasedOnInvestmentIncome
Total Tax	1739	TotalTax
Distributable Amount Before Adj	196738	DistributableAmountBeforeAdj
Distributable Amount Before Ded	196738	DistributableAmountBeforeDed
Distributable Amount As Adjusted	196738	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	200000	ExpensesAndContributions
Qualifying Distributions	200000	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	1739	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	198261	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	196738	DistributableAmountAsAdjusted
Undistributed Income Prior Year	178897	UndistributedIncomePriorYear
Qualifying Distributions	200000	QualifyingDistributions
Applied To Year1	178897	AppliedToYear1
Applied To Current Year	21103	AppliedToCurrentYear
Undistributed Income CY	175635	UndistributedIncomeCY

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	NONE	ContributingManager
Shareholder Manager	NONE	ShareholderManager

Appication Submission Info AppicationSubmissionInfo

Field	Value	IRS element (for citing)
Recipient Name	SHERRY ASHLEY	RecipientName

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	4265 SAN FELIPE	AddressLine1
City	Houston	City
State	TX	State
ZIP Code	77027	ZIPCode

Field	Value	IRS element (for citing)
Recipient Phone Number	7139934675	RecipientPhoneNumber
Form And Info And Materials	NO STANDARD EXIST	FormAndInfoAndMaterials
Submission Deadlines	NONE	SubmissionDeadlines
Restrictions On Awards	NONE	RestrictionsOnAwards

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (7 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
INGRAM TOM MOORE HIGH SCHOOL
4265 SAN FELIPE	Houston	TX	77027	NONE	5013C	SCHOLARSHIP ENDOWMENT FUND	$10,000
COMMUNITY FDN OF THE TX HILL C
4265 SAN FELIPE	Houston	TX	77027	NONE		GRANT	$20,000
SAN ANGELO CHRISTIAN ACDMY
4265 SAN FELIPE	Houston	TX	77027	NONE	5013C	GRANT	$25,000
OAK RIDGE CHRISTIAN ACDMY
4265 SAN FELIPE	Houston	TX	77027	NONE	5013C	GRANT	$25,000
SAN ANGELO MUSEUM OF FINE ARTS
4265 SAN FELIPE	Houston	TX	77027	NONE	5013C	GRANT	$25,000
TREES FOR HOUSTON
4265 SAN FELIPE	Houston	TX	77027	NONE	5013C	GRANT	$25,000
HOUSTON HABITAT FOR HUMANITY
4265 SAN FELIPE	Houston	TX	77027	NONE	5013C	GRANT	$70,000

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	200000	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$109,942	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$109,942	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	109942	TotalPartXVIA

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

Field	Value	IRS element (for citing)
Line Number	1a	LineNumber
Relationship Statement	NA	RelationshipStatement

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

Field	Value	IRS element (for citing)
Name Of Stock	COMMON STOCKS	NameOfStock
EOY Book Value	3872023	EOYBookValue
EOYFMV	3872023	EOYFMV

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases

Field	Value	IRS element (for citing)
Description	CHANGE IN FMV	Description
Amount	$60,732	Amount

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees

Field	Value	IRS element (for citing)
Category	ACCOUNT FEES	Category
Amount	$25,349	Amount
Net Investment Income	25349	NetInvestmentIncome
Adjusted Net Income	0	AdjustedNetIncome
Disbursements Charitable Prps	0	DisbursementsCharitablePrps

WINSTON CHARITABLE FOUNDATION: Form 990PF, tax year 2012

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Balance Sheets BalanceSheets

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Statements Regarding Activities StatementsRegardingActivities

Books In Care Of US Address BooksInCareOfUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Appication Submission Info AppicationSubmissionInfo

Recipient US Address RecipientUSAddress

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (7 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Subtotals Part XVIA SubtotalsPartXVIA

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees

Comments