WORRALL FOUNDATION: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: WORRALL FOUNDATION (EIN 75-2886782)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-03-05
IRS object ID: 201100649349100100
Schema version: 2010v3.2
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
Accounting Fees Schedule
Investments Corp Stock Schedule
Other Expenses Schedule
Other Increases Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-03-05T06:46:40-08:00	Timestamp
Tax Period End Date	2010-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CW RUSSELL CPA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	4695 N FM 2869	AddressLine1
City	WINNSBORO	City
State	TX	State
ZIP Code	75494	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2010-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	752886782	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	WORRALL FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	WORR	NameControl
Phone	2148270590	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	6342 LA VISTA DRIVE	AddressLine1
City	DALLAS	City
State	TX	State
ZIP Code	75214	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JAN M WORRALL	Name
Title	MANAGER	Title
Phone	2148270590	Phone
Date Signed	2011-02-21	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	C W RUSSELL CPA	Name
Phone	9036297880	Phone
Date Prepared	2011-03-05	DatePrepared
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	151370	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	2054	DividendsRevAndExpnss
Dividends Net Invst Incm	2054	DividendsNetInvstIncm
Capital Gain Net Incm Net Invst Incm	0	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	2054	TotalRevenueAndExpenses
Total Net Investment Income	2054	TotalNetInvestmentIncome
Accounting Fees Rev And Expnss	2000	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	1000	AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps	1000	AccountingFeesDsbrsChrtblPrps
Other Prof Fees Rev And Expnss	1961	OtherProfFeesRevAndExpnss
Other Prof Fees Net Invst Incm	1961	OtherProfFeesNetInvstIncm
Taxes Rev And Expnss	63	TaxesRevAndExpnss
Taxes Net Invst Incm	63	TaxesNetInvstIncm
Other Expenses Rev And Expnss	779	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	99	OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps	99	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	4803	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	3123	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	1099	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	10093	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	10093	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	14896	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	3123	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	11192	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-12842	ExcessOfRevenueOverExpenses
Net Investment Income	0	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	2820	CashBOY
Cash EOY	2154	CashEOY
Cash EOYFMV	2154	CashEOYFMV
Investments Corp Stock BOY	135825	InvestmentsCorpStockBOY
Investments Corp Stock EOY	106737	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	149216	InvestmentsCorpStockEOYFMV
Total Assets BOY	138645	TotalAssetsBOY
Total Assets EOY	108891	TotalAssetsEOY
Total Assets EOYFMV	151370	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	138645	RetainedEarningsBOY
Retained Earnings EOY	108891	RetainedEarningsEOY
Total Net Assets BOY	138645	TotalNetAssetsBOY
Total Net Assets EOY	108891	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	138645	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	108891	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	138645	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-12842	ExcessOfRevenueOverExpenses
Other Increases	-16912	OtherIncreases
Subtotal	108891	Subtotal
Total Net Assets Fund Balances EOY	108891	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (3 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
MSSB 29957-Detail on Request	P	2010-12-31	2010-12-31	3784	2831	953	953
MSSB 29958-Detail on Request	P	2010-12-31	2010-12-31	45142	64032	-18890	-18890
MSSB 30068-Detail on Request	P	2010-12-31	2010-12-31	36286	35548	738	738

Field	Value	IRS element (for citing)
Capital Gain Net Income	-17199	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	10694	QualifyingDistributionsYear1
Noncharitable Assets Year1	121767	NoncharitableAssetsYear1
Distribution Ratio Year1	0.087823	DistributionRatioYear1
Qualifying Distributions Year2	12319	QualifyingDistributionsYear2
Noncharitable Assets Year2	174537	NoncharitableAssetsYear2
Distribution Ratio Year2	0.070581	DistributionRatioYear2
Qualifying Distributions Year3	11151	QualifyingDistributionsYear3
Noncharitable Assets Year3	217193	NoncharitableAssetsYear3
Distribution Ratio Year3	0.051341	DistributionRatioYear3
Qualifying Distributions Year4	10645	QualifyingDistributionsYear4
Noncharitable Assets Year4	195638	NoncharitableAssetsYear4
Distribution Ratio Year4	0.054412	DistributionRatioYear4
Qualifying Distributions Year5	10460	QualifyingDistributionsYear5
Noncharitable Assets Year5	185523	NoncharitableAssetsYear5
Distribution Ratio Year5	0.056381	DistributionRatioYear5
Total Distribution Ratio	0.320538	TotalDistributionRatio
Average Distribution Ratio	0.064108	AverageDistributionRatio
Net Noncharitable Assets	134163	NetNoncharitableAssets
Adjusted Noncharitable Assets	8601	AdjustedNoncharitableAssets
Adj Nonchrtbl Assets And One	8601	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	11192	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	0	InvestmentIncomeExciseTax
Tax Under Section511	0	TaxUnderSection511
Tax Based On Investment Income	0	TaxBasedOnInvestmentIncome
Amount Credited To Next Year	0	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	false	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	false	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress
Books In Care Of Person Name	JAN WORRALL	BooksInCareOfPersonName
Books In Care Of Phone Number	2148270590	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	6342 LA VISTA DR	AddressLine1
City	DALLAS	City
State	TX	State
ZIP Code	75214	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	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
GERALD WORRALL III
6342 LA VISTA DR	DALLAS	TX	75214	Pres./Dir.	0	0	0	0
JAN M WORRALL
6342 LA VISTA DR	DALLAS	TX	75214	Treas./Dir.	1.00	0	0	0
NORMA J WORRALL
6342 LA VISTA DR	DALLAS	TX	75214	Sedc./Dir.	0	0	0	0
GERALD WORRALL II
6342 LA VISTA DR	DALLAS	TX	75214	Dir.	0	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
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k	0	TotNumberOfCntrctPaidOver50k

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	132454	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	3752	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	136206	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	136206	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	2043	CashDeemedCharitable
Net Noncharitable Assets	134163	NetNoncharitableAssets
Minimum Investment Return	6708	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	6708	MinimumInvestmentReturn
Distributable Amount Before Adj	6708	DistributableAmountBeforeAdj
Distributable Amount Before Ded	6708	DistributableAmountBeforeDed
Distributable Amount As Adjusted	6708	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	11192	ExpensesAndContributions
Qualifying Distributions	11192	QualifyingDistributions
Adj Qualifying Distributions	11192	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	6708	DistributableAmountAsAdjusted
Excess Distri Carryover Year5	1310	ExcessDistriCarryoverYear5
Excess Distri Carryover Year4	901	ExcessDistriCarryoverYear4
Excess Distri Carryover Year3	598	ExcessDistriCarryoverYear3
Excess Distri Carryover Year2	3592	ExcessDistriCarryoverYear2
Excess Distri Carryover Year1	4606	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	11007	TotalExcessDistriCarryover
Qualifying Distributions	11192	QualifyingDistributions
Applied To Current Year	6708	AppliedToCurrentYear
Remaining Distri From Corpus	4484	RemainingDistriFromCorpus
Total Corpus	15491	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov From Year5	1310	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	14181	ExcessDistriCyovToNextYear
Excess From Year4	901	ExcessFromYear4
Excess From Year3	598	ExcessFromYear3
Excess From Year2	3592	ExcessFromYear2
Excess From Year1	4606	ExcessFromYear1
Excess From Current Year	4484	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	NONE	ContributingManager
Shareholder Manager	NONE	ShareholderManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SUPPLIED ON REQUEST	BusinessNameLine1

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	SUPPLIED ON REQUEST	AddressLine1
City	SUPPLIED ON REQUEST	City
State	TX	State
ZIP Code	75200	ZIPCode

Field	Value	IRS element (for citing)
Recipient Foundation Status	N/A	RecipientFoundationStatus
Purpose Of Grant Or Contribution	Supplied on Request	PurposeOfGrantOrContribution
Amount	$10,093	Amount

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	10093	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	$2,054	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$2,054	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	2054	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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Field	Value	IRS element (for citing)
Category	C. W. Russell Tax	Category
Amount	$2,000	Amount

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (3 entries)

Name Of StockNameOfStock	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
MSSB-29957	55326	85887
MSSB-29958
MSSB-30068	51411	63329

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
Office Supplies	99	99	99
Miscellaneous	680

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases (2 entries)

DescriptionDescription	AmountAmount
Capital Loss per broker	-$17,199
Excess Broker Stock Basis	$287

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees

Field	Value	IRS element (for citing)
Category	MSSmith Barney Brokerage	Category
Amount	$1,961	Amount

Taxes Schedule TaxesSchedule

Taxes Taxes (2 entries)

CategoryCategory	AmountAmount	Net Investment IncomeNetInvestmentIncome
Foreign Taxes	$53	53
ADR Fees	$10	10

WORRALL FOUNDATION: Form 990PF, tax year 2010

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 (3 entries)

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 (4 entries)

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Recipient Business Name RecipientBusinessName

Recipient US Address RecipientUSAddress

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Subtotals Part XVIA SubtotalsPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (3 entries)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases (2 entries)

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees

Taxes Schedule TaxesSchedule

Taxes Taxes (2 entries)

Comments