THE LEDBETTER FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
THE LEDBETTER FAMILY FOUNDATION (EIN 46-3406022)
Tax period
2024-01-01 to 2024-12-31
Filed
2026-02-10
IRS object ID
202620419349100637
Schema version
2024v5.0
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)
Return2026-02-10T20:47:03-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN421571148PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FULL CIRCLE TAX SERVICESBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12201 SPINKS RD STE 221AddressLine1Txt
CityFLOWER MOUNDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75022ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN463406022EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LEDBETTER FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLEDBBusinessNameControlTxt
Phone4697021227PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1490 HOWARD CLEMENS RDAddressLine1Txt
CityGRANBURYCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76048ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCOLIN ZIMMERLEPersonNm
Person TitleACTING PRESIDENTPersonTitleTxt
Phone4697021227PhoneNum
Signature2026-02-10SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJENNFIER ROSS-CHENPreparerPersonNm
PTINP03251083PTIN
Phone4693907571PhoneNum
Preparation2026-02-10PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Name ChangeYes (X)NameChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$6,930,441FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$219,089DividendsRevAndExpnssAmt
Dividends Net Invst Incm$219,089DividendsNetInvstIncmAmt
Dividends Adj Net Incm$219,089DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$132,088NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$132,088GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$132,088CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$351,177TotalRevAndExpnssAmt
Total Net Invst Incm$351,177TotalNetInvstIncmAmt
Total Adj Net Incm$219,089TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$191,704OtherProfFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$191,704TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$99,400ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$99,400ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$291,104TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$99,400TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$60,073ExcessRevenueOverExpensesAmt
Net Investment Income$351,177NetInvestmentIncomeAmt
Adjusted Net Income$219,089AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$251,923CashBOYAmt
Cash EOY$274,228CashEOYAmt
Cash EOYFMV$274,228CashEOYFMVAmt
Acct Rcvbl BOY$110,942AcctRcvblBOYAmt
Corporate Stock BOY$497,831CorporateStockBOYAmt
Corporate Stock EOY$1,657,717CorporateStockEOYAmt
Corporate Stock EOYFMV$1,657,717CorporateStockEOYFMVAmt
Corporate Bonds BOY$4,919,733CorporateBondsBOYAmt
Corporate Bonds EOY$4,998,496CorporateBondsEOYAmt
Corporate Bonds EOYFMV$4,998,496CorporateBondsEOYFMVAmt
Other Investments BOY$752,324OtherInvestmentsBOYAmt
Total Assets BOY$6,532,753TotalAssetsBOYAmt
Total Assets EOY$6,930,441TotalAssetsEOYAmt
Total Assets EOYFMV$6,930,441TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$6,532,753RetainedEarningBOYAmt
Retained Earning EOY$6,930,441RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$6,532,753TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$6,930,441TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$6,532,753TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$6,930,441TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$6,532,753TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$60,073ExcessRevenueOverExpensesAmt
Other Increases$337,615OtherIncreasesAmt
Subtotal$6,930,441SubtotalAmt
Tot Net Ast Or Fund Balances EOY$6,930,441TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$132,088CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$4,881InvestmentIncomeExciseTaxAmt
Subtotal$4,881SubtotalAmt
Tax Based On Investment Income$4,881TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,949EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,949TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$71EsPenaltyAmt
Tax Due$2,003TaxDueAmt

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
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
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
Individual With BooksTAWNI LEDBETTERIndividualWithBooksNm
Phone4697021227PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1601 MEANDER RDAddressLine1Txt
CityGRANBURYCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76049ZIPCd
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
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
COLIN ZIMMERLE
601 MEANDER RDGRANBURYTX76049ACTING PRESI1.00$0$0$0
TAWNI LEDBETTER
601 MEANDER RDGRANBURYTX76049SECRETARY, D1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$6,725,642AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$89,554AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$6,815,196TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$6,815,196AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$102,228CashDeemedCharitableAmt
Net Vl Noncharitable Assets$6,712,968NetVlNoncharitableAssetsAmt
Minimum Investment Return$335,648MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$335,648MinimumInvestmentReturnAmt
Tax Based On Investment Income$4,881TaxBasedOnInvestmentIncomeAmt
Total Tax$4,881TotalTaxAmt
Distributable Before Adj$330,767DistributableBeforeAdjAmt
Distributable Before Ded$330,767DistributableBeforeDedAmt
Distributable As Adjusted$330,767DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$99,400ExpensesAndContributionsAmt
Qualifying Distributions$99,400QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$330,767DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$80,517ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$300,107ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$96,628ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$154,708ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$631,960TotalExcessDistributionCyovAmt
Qualifying Distributions$99,400QualifyingDistributionsAmt
Applied To Current Year$99,400AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$231,367ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$231,367ExcessDistributionCyovAppCYAmt
Total Corpus$400,593TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$400,593ExcessDistriCyovToNextYrAmt
Excess From Year3$149,257ExcessFromYear3Amt
Excess From Year2$96,628ExcessFromYear2Amt
Excess From Year1$154,708ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerCOLIN ZIMMERLEContributingManagerNm
Contributing ManagerTAWNI LEDBETTERContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
WORLD CONFORMATION HORSE ASSOC
235 SAINT ANDREWS DRCALHOUNLA71225FOR FURTHER CHARITABLE PURPOSE$38,100
AMERICAN QUARTER HORSE ASSOC
1600 QUARTER HORSE DRAMARILLOTX79104FOR FURTHER CHARITABLE PURPOSE$10,000
AMERICAN PAINT HORSE ASSOC
122 E EXCHANGE AVEFORT WORTHTX76164FOR FURTHER CHARITABLE PURPOSES$6,250
APPSOLUTE SIRES
6255 OAK ORCHARDELVANY14058FOR FURTHER CHARITABLE PURPOSES$2,500
BREEDERS HALTER FUTURITY
P O BOX 181043FORT SMITHAR72918FOR FURTHER CHARITABLE PURPOSES$20,050
THE APPALOOSA HALTER FUTURITY
42 SUNDOWN RIDGE PLTOMBALLTX77375FOR FURTHER CHARITABLE PURPOSES$2,500
APPALOSA HORSE CLUB
2720 W PULLMANMOSCOWID83843FOR FURTHER CHARITABLE PURPOSES$20,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$99,400TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$219,089ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$132,088ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$351,177ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$351,177TotalIncomeProducingActyAmt

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

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondMUTUAL FUNDS/EQUITY FUNDSBondNm
EOY Book Value$4,998,496EOYBookValueAmt
EOYFMV$4,998,496EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCORPORATE STOCKStockNm
EOY Book Value$1,657,717EOYBookValueAmt
EOYFMV$1,657,717EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemOTHER SECURITIESCategoryOrItemTxt
Listed At Cost Or FMVFMVListedAtCostOrFMVCd

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescCHANGE IN UNREALIZED GAIN/LOSSDesc
Amt$337,615Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxtAmtAmt
CORPORATE COACHING$45,484
ADVISORY FEES$31,038
BROKER FEES$115,182

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