CLEMENTS FOUNDATION: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- CLEMENTS FOUNDATION (EIN 75-6065076)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-14
- IRS object ID
- 201343189349100449
- Schema version
- 2012v2.3
- 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
- Compensation Explanation
- Gain Loss Sale Other Assets Sch
- Investments Corp Stock Schedule
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Notes Loans Rcvbl Short Sch2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-14T11:02:46-06:00 | 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 | WILLIAM H SEARIGHT ATTORNEY AT LAW | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8117 PRESTON RD SUITE 300 | AddressLine1 |
| City | DALLAS | City |
| State | TX | State |
| ZIP Code | 752256347 | 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 | 756065076 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLEMENTS FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CLEM | NameControl |
| Phone | 2147200337 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1901 NORTH AKARD ST | AddressLine1 |
| City | DALLAS | City |
| State | TX | State |
| ZIP Code | 75219 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PAULINE S NEUHOFF | Name |
| Title | PRES & TRUSTEE | Title |
| Phone | 2147200337 | Phone |
| Date Signed | 2013-11-15 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | W H SEARIGHT | Name |
| Phone | 2147069377 | Phone |
| Date Prepared | 2013-11-14 | DatePrepared |
| Self Employed | X | SelfEmployed |
| 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 | 19465370 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 2077509 | ContriReceivedRevAndExpnss |
| Interest On Savings Rev And Expnss | 199 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 42 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 303827 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 303779 | DividendsNetInvstIncm |
| Gross Rents Rev And Expnss | 343582 | GrossRentsRevAndExpnss |
| Gross Rents Net Invst Incm | 343582 | GrossRentsNetInvstIncm |
| Net Rental Income Or Loss | 304837 | NetRentalIncomeOrLoss |
| Net Gain Sale Assets Rev And Expnss | 9288834 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 12053672 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 9320045 | CapitalGainNetIncmNetInvstIncm |
| Other Income Rev And Expnss | 33 | OtherIncomeRevAndExpnss |
| Total Revenue And Expenses | 12013984 | TotalRevenueAndExpenses |
| Total Net Investment Income | 9967448 | TotalNetInvestmentIncome |
| Oth Empl Slrs Wgs Rev And Expnss | 64270 | OthEmplSlrsWgsRevAndExpnss |
| Legal Fees Rev And Expnss | 20651 | LegalFeesRevAndExpnss |
| Legal Fees Net Invst Incm | 20651 | LegalFeesNetInvstIncm |
| Accounting Fees Rev And Expnss | 5750 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 5750 | AccountingFeesNetInvstIncm |
| Other Prof Fees Rev And Expnss | 58971 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 58971 | OtherProfFeesNetInvstIncm |
| Taxes Rev And Expnss | 600 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 600 | TaxesNetInvstIncm |
| Occupancy Rev And Expnss | 219622 | OccupancyRevAndExpnss |
| Other Expenses Rev And Expnss | 97328 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 97328 | OtherExpensesNetInvstIncm |
| Tot Opr Expenses Rev And Expnss | 467192 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 183300 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 430084 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 430084 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 897276 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 183300 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 430084 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 11116708 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 9784148 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 361608 | CashBOY |
| Cash EOY | 136174 | CashEOY |
| Cash EOYFMV | 136174 | CashEOYFMV |
| Savings And Temp Cash Invst BOY | 3578735 | SavingsAndTempCashInvstBOY |
| Accounts Receivable BOY | 2516 | AccountsReceivableBOY |
| Other Notes And Loans Rcvbl BOY | 378015 | OtherNotesAndLoansRcvblBOY |
| Investments Corp Stock BOY | 2158812 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 16205294 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 17184392 | InvestmentsCorpStockEOYFMV |
| Land Building And Equipment Basis | 1504505 | LandBuildingAndEquipmentBasis |
| Land Building And Equipment BOY | 390012 | LandBuildingAndEquipmentBOY |
| Land Building And Equipment EOY | 1504505 | LandBuildingAndEquipmentEOY |
| Land Building And Equipment EOYFMV | 2032050 | LandBuildingAndEquipmentEOYFMV |
| Other Assets BOY | 112754 | OtherAssetsBOY |
| Other Assets EOY | 112754 | OtherAssetsEOY |
| Other Assets EOYFMV | 112754 | OtherAssetsEOYFMV |
| Total Assets BOY | 6982452 | TotalAssetsBOY |
| Total Assets EOY | 17958727 | TotalAssetsEOY |
| Total Assets EOYFMV | 19465370 | TotalAssetsEOYFMV |
| Accounts Payable EOY | 20059 | AccountsPayableEOY |
| Other Liabilities EOY | 250000 | OtherLiabilitiesEOY |
| Total Liabilities EOY | 270059 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Capital Stock BOY | 2830634 | CapitalStockBOY |
| Capital Stock EOY | 2830634 | CapitalStockEOY |
| Retained Earnings BOY | 4151818 | RetainedEarningsBOY |
| Retained Earnings EOY | 14858034 | RetainedEarningsEOY |
| Total Net Assets BOY | 6982452 | TotalNetAssetsBOY |
| Total Net Assets EOY | 17688668 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 6982452 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 17958727 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 6982452 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 11116708 | ExcessOfRevenueOverExpenses |
| Subtotal | 18099160 | Subtotal |
| Other Decreases | 410492 | OtherDecreases |
| Total Net Assets Fund Balances EOY | 17688668 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (12 entries)
| Description Of AssetDescriptionOfAsset | How AcquiredHowAcquired | Date AcquiredDateAcquired | Date SoldDateSold | Gross Sales PriceGrossSalesPrice | Cost Or Other BasisCostOrOtherBasis | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses |
|---|---|---|---|---|---|---|---|
| ALTRIA | P | 2006-09-19 | 2012-04-04 | 1038295 | 279476 | 758819 | 758819 |
| COMPASS MINERALS | P | 2004-12-07 | 2012-04-04 | 125412 | 40819 | 84593 | 84593 |
| KRAFT FOODS | P | 2007-03-30 | 2012-04-04 | 878518 | 109189 | 769329 | 769329 |
| PHILLIP MORRIS COS | P | 2008-03-31 | 2012-04-04 | 2984321 | 244306 | 2740015 | 2740015 |
| AT&T INC | P | 2006-10-23 | 2012-05-09 | 207951 | 187946 | 20005 | 20005 |
| PEPSICO | P | 1995-03-30 | 2012-05-30 | 782509 | 209260 | 573249 | 573249 |
| WAL-MART STORES | P | 1988-09-15 | 2012-05-29 | 1307668 | 78600 | 1229068 | 1229068 |
| PEPSICO | P | 1995-03-30 | 2012-06-06 | 1207342 | 328681 | 878661 | 878661 |
| PEPSICO | P | 1995-03-30 | 2012-06-29 | 349892 | 91300 | 258592 | 258592 |
| WAL-MART STORES | P | 1988-09-15 | 2012-06-06 | 1406616 | 84449 | 1322167 | 1322167 |
| WAL-MART STORES | P | 1988-09-15 | 2012-07-11 | 360409 | 19650 | 340759 | 340759 |
| WAL-MART STORES | P | 1988-09-15 | 2012-07-12 | 364438 | 19650 | 344788 | 344788 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 9320045 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 193700 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 15386398 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.012589 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 147365 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 12223663 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.012056 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 1183319 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 11186349 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.105782 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 271850 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 12811690 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.021219 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 1196488 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 12897129 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.092772 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.244418 | TotalDistributionRatio |
| Average Distribution Ratio | 0.048884 | AverageDistributionRatio |
| Net Noncharitable Assets | 18243472 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 891814 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 97841 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 989655 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 430084 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 195683 | InvestmentIncomeExciseTax |
| Subtotal | 195683 | Subtotal |
| Tax Based On Investment Income | 195683 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 16000 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 16000 | TotalCreditsAndPayments |
| Form2220 Attached | X | Form2220Attached |
| Penalty For Underpayment | 1 | PenaltyForUnderpayment |
| Tax Due | 179684 | 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 |
| 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 | NA | WebsiteAddress |
| Books In Care Of Person Name | SUZANNE CUNNINGHAM | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 2147200337 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1901 N AKARD ST | AddressLine1 |
| City | DALLAS | City |
| State | TX | State |
| ZIP Code | 75201 | 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 |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| 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 (4 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 |
|---|---|---|---|---|---|---|---|---|
| PAULINE S NEUHOFF | ||||||||
| 1901 N AKARD ST | DALLAS | TX | 75201 | PRESIDENT | 1.00 | 0 | 0 | 0 |
| NANCY CLEMENTS SEAY | ||||||||
| 1901 N AKARD ST | DALLAS | TX | 75201 | VICE PRESIDE | 1.00 | 0 | 0 | 0 |
| MARGARET NAPIER | ||||||||
| 1901 N AKARD ST | DALLAS | TX | 75201 | SECRETARY | 1.00 | 0 | 0 | 0 |
| GEORGE E SEAY III | ||||||||
| 1901 N AKARD ST | DALLAS | TX | 75201 | TREASURER | 1.00 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 16460689 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 474057 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 1586545 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 18521291 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 18521291 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 277819 | CashDeemedCharitable |
| Net Noncharitable Assets | 18243472 | NetNoncharitableAssets |
| Minimum Investment Return | 912174 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 912174 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 195683 | TaxBasedOnInvestmentIncome |
| Total Tax | 195683 | TotalTax |
| Distributable Amount Before Adj | 716491 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 716491 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 716491 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 430084 | ExpensesAndContributions |
| Qualifying Distributions | 430084 | QualifyingDistributions |
| Adj Qualifying Distributions | 430084 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 716491 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 427080 | UndistributedIncomePriorYear |
| Qualifying Distributions | 430084 | QualifyingDistributions |
| Applied To Year1 | 427080 | AppliedToYear1 |
| Applied To Current Year | 3004 | AppliedToCurrentYear |
| Undistributed Income CY | 713487 | UndistributedIncomeCY |
Supplementary Information SupplementaryInformation
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | SUZANNE CUNNINGHAM | RecipientName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1901 N AKARD ST | AddressLine1 |
| City | DALLAS | City |
| State | TX | State |
| ZIP Code | 75201 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone Number | 2145493175 | RecipientPhoneNumber |
| Form And Info And Materials | IT IS THE INTENT OF THE FOUNDATION BOARD (THE BOARD) TO RECEIVE APPLICATIONS FROM THOSE PERSONS DESIRING TO PURSUE A COURSE OF STUDY INVOLVING THE HISTORY OF THE STATE OF TEXAS, THE GREATER SOUTHWEST, AND RELATED MATTERS OF HISTORICAL VALUE. IT IS THE INTENT OF THE BOARD TO WORK CLOSELY WITH THE FACULTY WITHIN THE HISTORY DEPARTMENT OF SOUTHERN METHODIST UNIVERSITY, LOCATED IN DALLAS, TEXAS AND OTHER TEXAS UNIVERSITIES. THUS, APPLICANTS RECOMMENDED BY SUCH FACULTY WILL BE GIVEN PRIORITY BY THE BOARD. THE BOARD WOULD EXPECT FROM ANY APPLICANT CERTAIN INFORMATION, INCLUDING BUT NOT LIMITED TO: A DETAILED WRITTEN STATEMENT OUTLINING THE COURSE OF STUDY THE APPLICANT WISHES TO PURSUE; PRIOR PUBLICATIONS OF THE APPLICANT (IF ANY); GRADE REPORTS AND/OR APTITUDE SCORES; FINANCIAL NEED. AS OF DECEMBER 31, 2012, NO DESIGNATED GRANTS HAVE BEEN CONTEMPLATED OR APPROVED BY THE FOUNDATION BOARD. IN ADDITION, DURING 2012, THE FOUNDATION BOARD APPROVED NONSOLICITED CONTRIBUTIONS TO PUBLIC CHARITIES. | 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 Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount | Business Name Line2RecipientBusinessName/BusinessNameLine2 | Address Line2RecipientUSAddress/AddressLine2 |
|---|---|---|---|---|---|---|---|---|
| CARRY THE LOAD | ||||||||
| 8333 DOUGLAS AVE STE 342 | DALLAS | TX | 75225 | 501(C)(3) | GENERAL FUND | $5,000 | ||
| HIGHLAND PARK ISD EDUCATION FDN | ||||||||
| 4201 GRASSMERE LN | DALLAS | TX | 75205 | 501(C)(3) | GENERAL FUND | $100,000 | ||
| SOUTHERN METHODIST UNIVERSITY | ||||||||
| PO BOX 750235 | DALLAS | TX | 75275 | 501(C)(3) | GENERAL FUND | $205,000 | ||
| TEXAS CONSERVATIVE COALITION | ||||||||
| PO BOX 2659 | AUSTIN | TX | 78768 | 501(C)(3) | GENERAL FUND | $10,000 | RESEARCH COUNCIL | |
| WEST DALLAS COMMUNITY SCHOOL | ||||||||
| 2300 CANADA DRIVE | DALLAS | TX | 75212 | 501(C)(3) | GENERAL FUND | $10,000 | ||
| WOODALL RODGERS PARK FDN | ||||||||
| 1909 WOODALL RODGERS FWY | DALLAS | TX | 75201 | 501(C)(3) | GENERAL FUND | $100,000 | STE 403 | |
| FROM NUSTAR ENERGY LP K1 | ||||||||
| PO BOX 781609 | SAN ANTONIO | TX | 78278 | 501(C)(3) | GENERAL FUND | $84 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 430084 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Code | 211110 | BusinessCode |
| Unrelated Business Income | $157 | UnrelatedBusinessIncomeAmount |
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $42 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Code | 211110 | BusinessCode |
| Unrelated Business Income | $48 | UnrelatedBusinessIncomeAmount |
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $303,779 | ExclusionAmount |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 16 | ExclusionCode |
| Exclusion | $304,837 | ExclusionAmount |
Other Investment Income Part VII OtherInvestmentIncomePartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Code | 211110 | BusinessCode |
| Unrelated Business Income | $33 | UnrelatedBusinessIncomeAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Code | 900099 | BusinessCode |
| Unrelated Business Income | -$31,211 | UnrelatedBusinessIncomeAmount |
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $9,320,045 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Income | -$30,973 | UnrelatedBusinessIncomeAmount |
| Exclusion | $9,928,703 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 9897730 | 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 | ESTATE OF WILLIAM P CLEMENTS JR | ContributorNameIndividual |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1901 N AKARD ST | AddressLine1 |
| City | DALLAS | City |
| State | TX | State |
| ZIP Code | 75201 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 2077509 | AggregateContributions |
| Person Contribution Type | X | PersonContributionType |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees (2 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| ACCOUNTING & TAX FEES | $4,250 | 4250 |
| 1901 N AKARD ST | $1,500 | 1500 |
Compensation Explanation CompensationExplanation
Compensation Compensation (4 entries)
| PAULINE S NEUHOFF |
| NANCY CLEMENTS SEAY |
| MARGARET NAPIER |
| GEORGE E SEAY III |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAsset (2 entries)
| NameName | Date AcquiredDateAcquired | How AcquiredHowAcquired | Date SoldDateSold | Gross Sales PriceGrossSalesPrice | BasisBasis | Total NetTotalNet |
|---|---|---|---|---|---|---|
| APPLE INC OPTION | 2012-12 | PURCHASE | 2012-12 | 58390 | 53896 | 4494 |
| PROSHARES SHORT S&P500 | 2012-08 | PURCHASE | 2012-12 | 981911 | 1017616 | -35705 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (2 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| CORPORATE STOCKS | 7892280 | 8871378 |
| MUTUAL FUNDS | 8313014 | 8313014 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | BUILDING - 1901 N AKARD ST | CategoryOrItem |
| Cost Or Other Basis | 1504505 | CostOrOtherBasis |
| Book Value | 1504505 | BookValue |
| EOYFMV | 2032050 | EOYFMV |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | Category |
| Amount | $20,651 | Amount |
| Net Investment Income | 20651 | NetInvestmentIncome |
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | BOOKS | Description |
| BOY Book Value | 112754 | BOYBookValue |
| EOY Book Value | 112754 | EOYBookValue |
| EOYFMV | 112754 | EOYFMV |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases OtherDecreases (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ADJUST DIFF IN BOOK AND TAX BASIS OF BLDG | $149,639 |
| RECORD UNSETTLED OPTION LIABILITY | $250,000 |
| BOOK - TAX DIFF NUSTAR ENERGY LP | $10,853 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (8 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| 1901 N AKARD ST | ||
| CONTRACT LABOR | 2236 | 2236 |
| MISC EXPENSE | 7654 | 7654 |
| OFFICE EXPENSE | 9924 | 9924 |
| BUILDING MGMT | 17431 | 17431 |
| EXPENSES | ||
| CONTRACT LABOR | 220 | 220 |
| MISC EXPENSE | 59863 | 59863 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | FROM NUSTAR ENERGY (PTP) | Description |
| Revenue And Expenses Per Books | 33 | RevenueAndExpensesPerBooks |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | UNREALIZED LOSS ON OPTION CONTRACTS | Description |
| EOY Book Value | 250000 | EOYBookValue |
Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2
Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShort
Name Of501c3 Organization NameOf501c3Organization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SMU UNIVERSITY (BLDG) | BusinessNameLine1 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT ADVISORY | Category |
| Amount | $58,971 | Amount |
| Net Investment Income | 58971 | NetInvestmentIncome |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAXES WITHHELD | Category |
| Amount | $600 | Amount |
| Net Investment Income | 600 | NetInvestmentIncome |
Comments