SEVEN CITIES FOUNDATION: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
SEVEN CITIES FOUNDATION (EIN 32-0181077)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-05-15
IRS object ID
201211369349102026
Schema version
2011v1.2
Note
A later return for the same period supersedes this one.
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)
Timestamp2012-05-15T14:44:06-07:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1ALVARADO CPA FIRM INCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line12041 ORCHID AVENUEAddressLine1
CityMCALLENCity
StateTXState
ZIP Code78504ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN320181077EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1SEVEN CITIES FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlSEVENameControl
Phone9566885757Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1314 S 11TH STREETAddressLine1
CityMCALLENCity
StateTXState
ZIP Code78501ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameCHARLES E THOMPSON JRName
TitleFOUNDATION MANAGERTitle
Phone9566885757Phone
Date Signed2012-05-14DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameKENNETH F BURFORDName
Phone9566822884Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Amended ReturnXAmendedReturn
Exempt PFXExemptPF
FMV Assets EOY2931055FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss3638InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm3638InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss121293DividendsRevAndExpnss
Dividends Net Invst Incm121293DividendsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses124931TotalRevenueAndExpenses
Total Net Investment Income124931TotalNetInvestmentIncome
Accounting Fees Rev And Expnss630AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm530AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps100AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss100TaxesRevAndExpnss
Printing And Pub Rev And Expnss18PrintingAndPubRevAndExpnss
Printing And Pub Dsbrs Chrtbl Prps18PrintingAndPubDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss748TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm530TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps118TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss137900ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps137900ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss138648TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm530TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps138018TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-13717ExcessOfRevenueOverExpenses
Net Investment Income124401NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY33648CashBOY
Cash EOY129192CashEOY
Cash EOYFMV129192CashEOYFMV
Savings And Temp Cash Invst BOY2036246SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY936984SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV936984SavingsAndTempCashInvstEOYFMV
Other Notes And Loans Receivable1864744OtherNotesAndLoansReceivable
Other Notes And Loans Rcvbl BOY874744OtherNotesAndLoansRcvblBOY
Other Notes And Loans Rcvbl EOY1864744OtherNotesAndLoansRcvblEOY
Other Notes And Loans Rcvbl EOYFMV1864744OtherNotesAndLoansRcvblEOYFMV
Other Assets BOY182OtherAssetsBOY
Other Assets EOY135OtherAssetsEOY
Other Assets EOYFMV135OtherAssetsEOYFMV
Total Assets BOY2944820TotalAssetsBOY
Total Assets EOY2931055TotalAssetsEOY
Total Assets EOYFMV2931055TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY2944820CapitalStockBOY
Capital Stock EOY2931055CapitalStockEOY
Total Net Assets BOY2944820TotalNetAssetsBOY
Total Net Assets EOY2931055TotalNetAssetsEOY
Total Liabilities Net Assets BOY2944820TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY2931055TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY2944820TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-13717ExcessOfRevenueOverExpenses
Subtotal2931103Subtotal
Other Decreases48OtherDecreases
Total Net Assets Fund Balances EOY2931055TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Qualifying Distributions Year1109945QualifyingDistributionsYear1
Noncharitable Assets Year12932577NoncharitableAssetsYear1
Distribution Ratio Year10.037491DistributionRatioYear1
Qualifying Distributions Year2159959QualifyingDistributionsYear2
Noncharitable Assets Year22978319NoncharitableAssetsYear2
Distribution Ratio Year20.053708DistributionRatioYear2
Qualifying Distributions Year3163659QualifyingDistributionsYear3
Noncharitable Assets Year32244714NoncharitableAssetsYear3
Distribution Ratio Year30.072909DistributionRatioYear3
Qualifying Distributions Year438596QualifyingDistributionsYear4
Noncharitable Assets Year43357496NoncharitableAssetsYear4
Distribution Ratio Year40.011495DistributionRatioYear4
Noncharitable Assets Year53100109NoncharitableAssetsYear5
Distribution Ratio Year50.000000DistributionRatioYear5
Total Distribution Ratio0.175603TotalDistributionRatio
Average Distribution Ratio0.035121AverageDistributionRatio
Net Noncharitable Assets2940561NetNoncharitableAssets
Adjusted Noncharitable Assets103275AdjustedNoncharitableAssets
One Percent Net Investment Income1244OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One104519AdjNonchrtblAssetsAndOnePct
Qualifying Distributions138018QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax1244InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal1244Subtotal
Tax Based On Investment Income1244TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment135EstTaxPaymentsAndOverpayment
Tax Paid With Extension1109TaxPaidWithExtension
Total Credits And Payments1244TotalCreditsAndPayments
Amount Credited To Next Year0AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithTXStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContracttrueApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress
Books In Care Of Person NameCHARLES E THOMPSON JRBooksInCareOfPersonName
Books In Care Of Phone Number9566885757BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1314 S 11TH STREETAddressLine1
CityMCALLENCity
StateTXState
ZIP Code785012822ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
CHARLES E THOMPSON JR
314 S 11TH STMCALLENTX78501PRESIDENT5.00000
JONATHAN BEVIL
314 S 11TH STMCALLENTX78501VICE PRESIDENT1.00000
MARLA LUCE
314 S 11TH STMCALLENTX78501SECRETARY1.00000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k0TotNumberOfCntrctPaidOver50k

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities1712436AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances1272905AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets2985341TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets2985341AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable44780CashDeemedCharitable
Net Noncharitable Assets2940561NetNoncharitableAssets
Minimum Investment Return147028MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return147028MinimumInvestmentReturn
Tax Based On Investment Income1244TaxBasedOnInvestmentIncome
Total Tax1244TotalTax
Distributable Amount Before Adj145784DistributableAmountBeforeAdj
Distributable Amount Before Ded145784DistributableAmountBeforeDed
Distributable Amount As Adjusted145784DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions138018ExpensesAndContributions
Qualifying Distributions138018QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm1244OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions136774AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted145784DistributableAmountAsAdjusted
Undistributed Income Prior Year136682UndistributedIncomePriorYear
Qualifying Distributions138018QualifyingDistributions
Applied To Year1136682AppliedToYear1
Applied To Current Year1336AppliedToCurrentYear
Undistributed Income CY144448UndistributedIncomeCY

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerCHARLES E THOMPSON JRContributingManager
Shareholder ManagerNONEShareholderManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Appication Submission Info AppicationSubmissionInfo

FieldValueIRS element (for citing)
Recipient NameCHARLES E THOMPSON JRRecipientName

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1314 S 11TH STREETAddressLine1
CityMCALLENCity
StateTXState
ZIP Code78501ZIPCode
FieldValueIRS element (for citing)
Recipient Phone Number9566885757RecipientPhoneNumber
Form And Info And MaterialsN/AFormAndInfoAndMaterials
Submission DeadlinesNONESubmissionDeadlines
Restrictions On AwardsNONERestrictionsOnAwards

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (3 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
TEXAS MILITARY UBSTITUTE
20955 TEJAS TRAILSAN ANTONIOTX78257EXEMPTCHARITABLE$15,000
SAN ANTONIO AREA FOUNDATION
P O NOX 120366SAN ANTONIOTX78212EXEMPTCHARITABLE$112,900
EPISCOPAL DIOCESE OF WEST TEXAS
P O BOX 6685SAN ANTONIOTX78209EXEMPTGENERAL FUND$10,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year137900TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$3,638ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$121,293ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$124,931ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA124931TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanation

FieldValueIRS element (for citing)
IdentifierAMENDED RETURNIdentifier
ExplanationTHE ORIGINAL RETURN OMITTED CERTAIN REQUIRED INFORMATION CONCERNING DONOR ADVISED FUNDS. THIS AMENDED RETURN IS INTENDED TO CORRECT THE OMITTED ITEMExplanation

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

FieldValueIRS element (for citing)
Descriptionprior period adjustmentDescription
Amount$48Amount

Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch

Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLong (2 entries)

Relationship To InsiderRelationshipToInsiderOriginal Amount Of LoanOriginalAmountOfLoanBalance DueBalanceDueDate Of NoteDateOfNoteMaturity DateMaturityDateRepayment TermsRepaymentTermsInterest RateInterestRateSecurity Provided By BorrowerSecurityProvidedByBorrowerPurpose Of LoanPurposeOfLoanDesc Of Lender ConsiderationDescOfLenderConsiderationConsideration FmvConsiderationFmv
KVS FAMILY LIMITRED PARTNERSHIP
NONE8747448747442010-092012-03DUE MARCH 30 20120.0750000014.73 ACRES, HIDALGO CNTY TEXASPURCHASE REAL ESTATE,CASH874744
KVS FAMILY LIMITED PARTNERSHIP
NONE9900009900002011-012013-01DUE 01/31/20130.0750000015.21 ACRES HIDALGO CNTY TEXASPURCHASE REAL ESTATECASH990000

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryFEDERAL INCOME TAXCategory
Amount$100Amount

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