-
TIN:
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
19
Open to Public Inspection
For calendar year 2019, or tax year beginning
01-01-2019
, and ending
12-31-2019
Name of foundation
Valley Baptist Legacy Foundation
% KIMBERLY ANDERSON
Number and street (or P.O. box number if mail is not delivered to street address)
1267 North Stuart Place Road
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Harlingen
,
TX
78552
A Employer identification number
74-1936869
B
Telephone number (see instructions)
(956) 335-3044
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
400,580,570
J
Accounting method:
Cash
Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)
Part I
Analysis of Revenue and Expenses
(The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)
(a)
Revenue and
expenses per
books
(b)
Net investment
income
(c)
Adjusted net
income
(d)
Disbursements
for charitable
purposes
(cash basis only)
1
Contributions, gifts, grants, etc., received (attach schedule)
500,069
2
Check
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
9,456,165
9,456,165
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
2,077,204
b
Gross sales price for all assets on line 6a
94,128,618
7
Capital gain net income (from Part IV, line 2)
...
2,077,204
8
Net short-term capital gain
.........
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
305,147
280,410
12
Total.
Add lines 1 through 11
........
12,338,585
11,813,779
13
Compensation of officers, directors, trustees, etc.
351,516
64,862
268,574
14
Other employee salaries and wages
......
295,069
19,182
266,685
15
Pension plans, employee benefits
.......
100,613
9,118
85,871
16a
Legal fees (attach schedule)
.........
12,255
4,009
b
Accounting fees (attach schedule)
.......
32,523
2,947
30,980
c
Other professional fees (attach schedule)
....
990,856
990,856
17
Interest
...............
126,948
18
Taxes (attach schedule) (see instructions)
...
259,904
4,045
40,595
19
Depreciation (attach schedule) and depletion
...
27,654
20
Occupancy
..............
34,897
2,924
29,340
21
Travel, conferences, and meetings
.......
56,300
3,345
53,533
22
Printing and publications
..........
5,054
458
4,596
23
Other expenses (attach schedule)
.......
337,024
149,087
158,849
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
2,630,613
1,246,824
943,032
25
Contributions, gifts, grants paid
.......
14,326,028
15,905,483
26
Total expenses and disbursements.
Add lines 24 and 25
16,956,641
1,246,824
16,848,515
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-4,618,056
b
Net investment income
(if negative, enter -0-)
10,566,955
c
Adjusted net income
(if negative, enter -0-)
...
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2019)
Form 990-PF (2019)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
89,102
84,436
84,436
2
Savings and temporary cash investments
.........
8,417,077
11,585,157
11,585,157
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
12,500
Less: allowance for doubtful accounts
17,500
12,500
12,500
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
7
Other notes and loans receivable (attach schedule)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
67,847
31,120
31,120
10a
Investments—U.S. and state government obligations (attach schedule)
12,108,318
13,718,172
13,718,172
b
Investments—corporate stock (attach schedule)
.......
231,243,238
257,452,701
257,452,701
c
Investments—corporate bonds (attach schedule)
.......
58,063,081
69,343,654
69,343,654
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
26,705,593
35,904,132
35,904,132
14
Land, buildings, and equipment: basis
915,267
Less: accumulated depreciation (attach schedule)
202,337
727,455
712,930
712,930
15
Other assets (describe
)
11,177,284
11,735,768
11,735,768
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
348,616,495
400,580,570
400,580,570
17
Accounts payable and accrued expenses
..........
71,443
86,280
18
Grants payable
.................
2,954,834
1,355,379
19
Deferred revenue
.................
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
22
Other liabilities (describe
)
2,437,588
2,344,374
23
Total liabilities
(add lines 17 through 22)
.........
5,463,865
3,786,033
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
334,581,954
387,241,804
25
Net assets with donor restrictions
............
8,570,676
9,552,733
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
29
Total net assets or fund balances
(see instructions)
.....
343,152,630
396,794,537
30
Total liabilities and net assets/fund balances
(see instructions)
.
348,616,495
400,580,570
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
343,152,630
2
Enter amount from Part I, line 27a
.....................
2
-4,618,056
3
Other increases not included in line 2 (itemize)
3
59,306,588
4
Add lines 1, 2, and 3
..........................
4
397,841,162
5
Decreases not included in line 2 (itemize)
5
1,046,625
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
396,794,537
Form
990-PF
(2019)
Form 990-PF (2019)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a
US TRUST BOA ST - SEE ATTACHMENT D-1
P
b
UBS ST - SEE ATTACHMENT D-3
P
c
HEALTH ENTERPRISE PARTNERS LP
P
d
SANTE HEALTH VENTURES I, LP
P
e
SANTE HEALTH VENTURES I, LP
P
PRISA LP
P
TIFF PRIVATE EQUITY PARTNERS 2018, LP
P
TIFF PRIVATE EQUITY PARTNERS 2018, LP
P
US TRUST BOA LT - SEE ATTACHMENT D-2
P
UBS LT - SEE ATTACHMENT D-4
P
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
17,533,163
17,495,172
37,991
b
19,453,872
19,453,872
c
196,061
396,500
-200,439
d
349,604
1,869,864
-1,520,260
e
456
-456
13,084
13,084
1,843
-1,843
7,762
-7,762
40,176,054
38,637,204
1,538,850
16,406,780
14,190,137
2,218,039
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
37,991
b
c
-200,439
d
-1,520,260
e
-456
13,084
-1,843
-7,762
1,538,850
2,216,643
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
2,077,204
3
Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8
...................
3
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
Yes
No
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1
Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in)
(b)
Adjusted qualifying distributions
(c)
Net value of noncharitable-use assets
(d)
Distribution ratio
(col. (b) divided by col. (c))
2018
25,490,189
378,908,276
0.067273
2017
20,824,935
359,408,862
0.057942
2016
15,423,657
324,410,116
0.047544
2015
6,439,600
310,003,948
0.020773
2014
250,208
105,677,844
0.002368
2
Total
of line 1, column (d)
.....................
2
0.1959
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years
......
3
0.03918
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
376,026,357
5
Multiply line 4 by line 3
......................
5
14,732,713
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
105,670
7
Add lines 5 and 6
........................
7
14,838,383
8
Enter qualifying distributions from Part XII, line 4
,.............
8
16,848,515
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form
990-PF
(2019)
Form 990-PF (2019)
Page
4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
b
Domestic foundations that meet the section 4940(e) requirements in Part V, check
1
105,670
here
and enter 1% of Part I, line 27b
...................
c
All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
3
Add lines 1 and 2
...........................
3
105,670
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
105,670
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
254,348
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
d
Backup withholding erroneously withheld
...........
6d
7
Total credits and payments. Add lines 6a through 6d
..............
7
254,348
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
148,678
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
148,678
Refunded
11
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition)
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
(2)
On foundation managers.
$
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
........
4a
No
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
TX
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G?
If "No," attach explanation
.
8b
Yes
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
If "Yes," complete Part XIV
.............................
9
No
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
...............................
10
No
Form
990-PF
(2019)
Form 990-PF (2019)
Page
5
Part VII-A
Statements Regarding Activities
(continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions
.............
11
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
www.vblf.org
14
The books are in care of
KIMBERLY ANDERSON
Telephone no.
(956) 335-3044
Located at
1267 NORTH STUART PLACE ROAD
HARLINGEN
TX
ZIP+4
78552
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over
Yes
No
a bank, securities, or other financial account in a foreign country?
.................
16
No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
...............
Yes
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
.......
Yes
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
........
1b
Organizations relying on a current notice regarding disaster assistance check here
........
c
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2019?
.............
1c
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2019?
.............
Yes
No
If "Yes," list the years
20
,
20
,
20
,
20
b
Are there any years listed in 2a for which the foundation is
not
applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to
all
years listed, answer "No" and attach statement—see instructions.)
..............
2b
No
c
If the provisions of section 4942(a)(2) are being applied to
any
of the years listed in 2a, list the years here.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2019 as a result of
(1)
any purchase by the foundation
or disqualified persons after May 26, 1969;
(2)
the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or
(3)
the lapse of the 10-, 15-, or 20-year first phase holding period?
(Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2019.)
..................
3b
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?
4b
No
Form
990-PF
(2019)
Form 990-PF (2019)
Page
6
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions
......
5b
Organizations relying on a current notice regarding disaster assistance check here
.........
c
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant?
..........
Yes
No
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.....................
Yes
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
Yes
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction?
....
7b
No
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.................
Yes
No
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1
List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a)
Name and address
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(If not paid, enter
-0-)
(d)
Contributions to employee benefit plans and deferred compensation
(e)
Expense account,
other allowances
QUITA WITTENBACH
SECRETARY (THRU 4/22/19)
1.0
0
0
0
1267 North Stuart Place Road
Harlingen
,
TX
78552
LEONEL VELA MD
DIRECTOR
1.0
0
0
0
1267 North Stuart Place Road
Harlingen
,
TX
78552
YOLANDA DE LEON
CHAIRMAN
1.0
0
0
0
1267 North Stuart Place Road
Harlingen
,
TX
78552
ARNIE GONZALEZ
DIRECTOR
1.0
0
0
0
1267 North Stuart Place Road
Harlingen
,
TX
78552
CHRISTINA GARCIA ED D VIRGILIO
INTERIM SECRETARY
1.0
0
0
0
1267 North Stuart Place Road
Harlingen
,
TX
78552
BILLY BRADFORD
DIRECTOR
1.0
0
0
0
1267 North Stuart Place Road
Harlingen
,
TX
78552
KIMBERLY ANDERSON
FINANCE DIRECTOR
40.0
172,191
28,283
0
1267 North Stuart Place Road
Harlingen
,
TX
78552
JACK ABBOTT
DIRECTOR
1.0
0
0
0
1267 North Stuart Place Road
Harlingen
,
TX
78552
FRANK COSTILLA
DIRECTOR
1.0
0
0
0
1267 North Stuart Place Road
Harlingen
,
TX
78552
BETH PACE
VICE CHAIRMAN
1.0
0
0
0
1267 North Stuart Place Road
Harlingen
,
TX
78552
JULIO CAVAZOS
DIRECTOR
1.0
0
0
0
1267 North Stuart Place Road
Harlingen
,
TX
78552
JUDY QUISENBERRY
EXECUTIVE DIRECTOR
40.0
179,325
15,031
0
1267 North Stuart Place Road
Harlingen
,
TX
78552
BOB DUNCAN
DIRECTOR
1.0
0
0
0
1267 North Stuart Place Road
Harlingen
,
TX
78552
JAMES CASTILLO MD
DIRECTOR
1.0
0
0
0
1267 North Stuart Place Road
Harlingen
,
TX
78552
2
Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a)
Name and address of each employee paid more than $50,000
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(d)
Contributions to
employee benefit
plans and deferred
compensation
(e)
Expense account,
other allowances
JAMIE AMAYA
BOARD SECRETARY
40.0
56,589
6,032
0
1267 NORTH STUART ROAD
HARLINGEN
,
TX
78552
EVELYN CASTILLEJA GARZA
GRANTS SPECIALIST
40.0
66,383
11,584
0
1267 NORTH STUART ROAD
HARLINGEN
,
TX
78552
ALBERTO ESPINOZA
EVALUATION SPECTIALI
40.0
65,760
10,873
0
1267 NORTH STUART ROAD
HARLINGEN
,
TX
78552
RYAN GUTIERREZ
PROGRAM ASSISTANT
40.0
32,916
10,371
0
1267 NORTH STUART ROAD
HARLINGEN
,
TX
78552
JUANITA REYES - ALMANZA
STAFF ACCOUNTANT
40.0
54,807
17,383
0
1267 NORTH STUART ROAD
HARLINGEN
,
TX
78552
Total
number of other employees paid over $50,000
...................
0
Form
990-PF
(2019)
Form 990-PF (2019)
Page
7
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
3
Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a)
Name and address of each person paid more than $50,000
(b)
Type of service
(c)
Compensation
UBS FINANCIAL SERVICES INC
INVESTMENT BROKER
285,426
1100 POYDRAS STREET STE 900
NEW ORLEANS
,
LA
701630900
BANK OF AMERICA PRIVATE BANK
INVESTMENT BROKER
705,430
300 COVENANT STREET 8TH FLOOR
SAN ANTONIO
,
TX
78205
Total
number of others receiving over $50,000 for professional services
.............
0
Part IX-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Expenses
1
2
3
4
Part IX-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
Form
990-PF
(2019)
Form 990-PF (2019)
Page
8
Part X
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
372,648,709
b
Average of monthly cash balances
.......................
1b
112,159
c
Fair market value of all other assets (see instructions)
................
1c
8,991,779
d
Total
(add lines 1a, b, and c)
.........................
1d
381,752,647
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
381,752,647
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
5,726,290
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
376,026,357
6
Minimum investment return.
Enter 5% of line 5
..................
6
18,801,318
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
18,801,318
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
105,670
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
105,670
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
18,695,648
4
Recoveries of amounts treated as qualifying distributions
................
4
5
Add lines 3 and 4
............................
5
18,695,648
6
Deduction from distributable amount (see instructions)
.................
6
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
...
7
18,695,648
Part XII
Qualifying Distributions
(see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26
..........
1a
16,848,515
b
Program-related investments—total from Part IX-B
..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
0
b
Cash distribution test (attach the required schedule)
.................
3b
0
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
16,848,515
5
Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
income. Enter 1% of Part I, line 27b. See instructions
.................
5
105,670
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
16,742,845
Note:
The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.
Form
990-PF
(2019)
Form 990-PF (2019)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2018
(c)
2018
(d)
2019
1
Distributable amount for 2019 from Part XI, line 7
18,695,648
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
4,389,055
b
Total for prior years:
2017
,
2016
,
2015
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
b
From 2015
......
c
From 2016
......
d
From 2017
......
e
From 2018
......
0
f
Total
of lines 3a through e
........
0
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
16,848,515
a
Applied to 2018, but not more than line 2a
4,389,055
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
c
Treated as distributions out of corpus (Election
required—see instructions)
........
d
Applied to 2019 distributable amount
.....
12,459,460
e
Remaining amount distributed out of corpus
0
5
Excess distributions carryover applied to 2019.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
0
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
e
Undistributed income for 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
f
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
6,236,188
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
8
Excess distributions carryover from 2014 not
applied on line 5 or line 7 (see instructions)
...
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
0
10
Analysis of line 9:
a
Excess from 2015
....
b
Excess from 2016
....
c
Excess from 2017
....
d
Excess from 2018
....
e
Excess from 2019
....
0
Form
990-PF
(2019)
Form 990-PF (2019)
Page
10
Part XIV
Private Operating Foundations
(see instructions and Part VII-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2019, enter the date of the ruling
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part X for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2019
(b)
2018
(c)
2017
(d)
2016
b
85% of line 2a
.........
c
Qualifying distributions from Part XII,
line 4 for each year listed
.....
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
3
Complete 3a, b, or c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part X, line 6 for each year listed
...
c
“Support" alternative test—enter:
(1)
Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties)
....
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
(3)
Largest amount of support
from an exempt organization
(4)
Gross investment income
Part XV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
b
List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
JUDY QUISENBERRY
1267 N STUART PLACE RD
HARLINGEN
,
TX
78552
(956) 335-3037
b
The form in which applications should be submitted and information and materials they should include:
JUDY QUISENBERRY APPLICATION FORM AVAILABLE ON VALLEY BAPTIST LEGACY FOUNDATION WEBSITE INCLUDE 501(C)(3) DETERMINATION, PROGRAM BUDGET, 2 PRIOR YEAR FINANCIAL STATEMENTS, CURRENT YEAR BUDGET, AUDIT, BUDGET NARRATIVE AND BOARD MEMBER LISTING, IF APPLICABLE.
c
Any submission deadlines:
JUDY QUISENBERRY NOVEMBER 1, MAY 1
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
JUDY QUISENBERRY MUST SERVE 4 COUNTIES- CAMERON, HIDALGO, WILLACY & STARR SHOULD BE HEALTHCARE RELATED, 501(C)(3) OR GOVERNMENT ENTITY
Form
990-PF
(2019)
Form 990-PF (2019)
Page
11
Part XV
Supplementary Information
(continued)
3
Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
CHILD ABUSE EDUCATION PROGRAM OF SOUTH TEXAS
2922 Emerald Lake Dr
HARLINGEN
,
TX
78550
NONE
PC
CHARITABLE
25,000
COMMUNITY HOPE PROJECTS INC
2332 JORDAN AVENUE
MCALLEN
,
TX
78503
NONE
PC
CHARITABLE
310,774
PROYECTO JUAN DIEGO INC
PO BOX 8038
BROWNSVILLE
,
TX
78526
NONE
PC
CHARITABLE
150,984
THE SALVATION ARMY - HARLINGEN
119 E MONROE
HARLINGEN
,
TX
78550
NONE
PC
CHARITABLE
50,000
AURORA HOUSE FOUNDATION
2646 W 18TH STREET
WESLACO
,
TX
78596
NONE
PC
CHARITABLE
100,000
NUESTRA CLINICA DEL VALLE INC
PO BOX 1689
PHARR
,
TX
78577
NONE
PC
CHARITABLE
220,000
Loaves & Fishes of the Rio Grande Valley Inc
514 S E ST
HARLINGEN
,
TX
78550
NONE
PC
CHARITABLE
38,359
Planned Parenthood South Texas
2140 Babcock Road Ste 201
San Antonio
,
TX
78229
NONE
PC
CHARITABLE
100,000
TROPICAL TEXAS BEHAVIORAL HEALTH
1901 S 24TH AVE
Edinburg
,
TX
78539
NONE
PC
CHARITABLE
1,949,558
UTRGV SCHOOL OF MEDICINE
1201 WEST UNIVERSITY DR
ITTB1210
EDINBURG
,
TX
78539
NONE
PC
CHARITABLE
316,282
GOOD NEIGHBOR SETTLEMENT HOUSE
1254 E TYLER ST
BROWNSVILLE
,
TX
78520
NONE
PC
CHARITABLE
14,847
Dentists Who Care Inc
3501 MORELAND DR STE G
WESLACO
,
TX
78596
NONE
PC
CHARITABLE
6,000
Bishop Enrique San Pedro Ozanam Center Inc
656 N MINNESOTA AVE
BROWNSVILLE
,
TX
78521
NONE
PC
CHARITABLE
98,677
Su Casa De Esperanza Inc
8000 CISNE ST
PHARR
,
TX
78577
NONE
PC
CHARITABLE
45,110
AMIkids Rio Grande Valley
27615 BUENA VISTA BLVD
LOS FRESNOS
,
TX
78566
NONE
PC
CHARITABLE
50,000
Community Development Corp of Brownsville Inc
901 E Levee St
Brownsville
,
TX
78520
NONE
PC
CHARITABLE
2,375,500
Habitat for Humanity - Rio Grande
PO BOX 5454
BROWNSVILLE
,
TX
78523
NONE
PC
CHARITABLE
50,000
71 NURSING SCHOLARSHIPS RANGING FROM 250-1000
C/O 1267 NORTH STUART PLACE ROAD
HARLINGEN
,
TX
78552
NONE
I
NURSING SCHOLARSHIP
54,000
118 VOUCHERS FOR MAMMOGRAMS OR BREAST PROSTHETICS
C/O 1267 NORTH STUART PLACE ROAD
HARLINGEN
,
TX
78552
NONE
I
PROVIDE MAMMOGRAMS OR BREAST PROSTHETICS
8,792
AGAPE MISSIONARIES FOR LIFE
2813 PLUMERIA LN
HARLINGEN
,
TX
78552
NONE
PC
CHARTIABLE
100,000
AMERICAN RED CROSS
6914 WEST EXPRESSWAY 83
HARLINGEN
,
TX
78552
NONE
PC
CHARTIABLE
50,000
BIG HEROES
3615 CHARMAINE LN
BROWNSVILLE
,
TX
78526
NONE
PC
CHARTIABLE
20,000
BOYS AND GIRLS CLUB OF LOS FRESNOS
900 N ARROYO BLVD
LOS FRESNOS
,
TX
78566
NONE
PC
CHARITABLE
10,000
BUCKNER CHILDREN AND FAMILY SERVICES INC
700 N PEARL ST STE 1200
DALLAS
,
TX
75201
NONE
PC
CHARTIABLE
50,000
CATCH GLOBAL FOUNDATION
8000 CENTRE PARK DR STE 350
AUSTIN
,
TX
78754
NONE
PC
CHARITABLE
104,000
CATHOLIC CHARITIES OF THE RIO GRANDE VALLEY
700 VIRGEN DE SAN JUAN
SAN JUAN
,
TX
78589
NONE
PC
CHARITABLE
48,000
CAMERON COUNTY MENTAL HEALTH TASK FORCE
1102 S COMMERCE ST
HARLINGEN
,
TX
78550
NONE
PC
CHARITABLE
49,979
CHILDREN'S HUNGER FUND
11550 NEWBERRY ST SUITE 100
DALLAS
,
TX
75229
NONE
PC
CHARITABLE
30,000
CULTURE OF LIFE MINISTRIES
PO BOX 533162
HARLINGEN
,
TX
78553
NONE
PC
CHARITABLE
75,000
FAMILY CRISIS CENTER
616 W TAYLOR
HARLINGEN
,
TX
78550
NONE
PC
CHARITABLE
66,500
FAMILY ENDEAVORS
6363 DE ZAVALA RD
SAN ANTONIO
,
TX
78249
NONE
PC
CHARITABLE
48,871
FOOD BANK OF THE RGV
PO BOX 6251
MCALLEN
,
TX
78502
NONE
PC
CHARITABLE
50,000
FRIENDSHIP OF WOMEN
PO BOX 3112
BROWNSVILLE
,
TX
78523
NONE
PC
CHARITABLE
50,000
GIRL SCOUTS OF GREATER SOUTH TEXAS
202 E MADISON AVE
HARLINGEN
,
TX
78550
NONE
PC
CHARITABLE
41,098
IGLESIA BAUTISTA WEST BROWNSVILLE
925 W SAINT CHARLES ST
BROWNSVILLE
,
TX
78520
NONE
PC
CHARITABLE
60,735
IT'S TIME TEXAS
911 W ANDERSON LN ST 202
AUSTIN
,
TX
78757
NONE
PC
CHARITABLE
500,000
LA POSADA PROVIDENCIA
30094 MARYDALE RD
SAN BENITO
,
TX
78586
NONE
PC
CHARITABLE
23,992
LOWER RIO GRANDE VALLEY DEVELOPMENT COUNCIL
301 W RAILROAD ST
WESLACO
,
TX
78596
NONE
PC
CHARITABLE
365,989
NUEVOS HORIZONTES DE STARR COUNTY
102 N TEXAS ST
RIO GRANDE CITY
,
TX
78582
NONE
PC
CHARITABLE
28,800
RONALD MCDONALD HOUSE OF RGV
1720 TREASURE HILLS BLVD
HARLINGEN
,
TX
78550
NONE
PC
CHARITABLE
50,000
SOUTH TEXAS EMERGENCY CARE FOUNDATION
PO BOX 533668
HARLINGEN
,
TX
78553
NONE
PC
CHARITABLE
976,566
SOUTH TEXAS JUVENILE DIABETES ASSOCIATION
PO BOX 720727
MCALLEN
,
TX
78504
NONE
PC
CHARITABLE
50,000
SUNNY GLEN CHILDREN'S HOME
PO BOX 1373
SAN BENITO
,
TX
78586
NONE
PC
CHARITABLE
25,000
SUNSHINE HAVEN INC
7105 W LAKESIDE BLVD
OLMITO
,
TX
78575
NONE
PC
CHARITABLE
46,855
SYRACUSE UNIVERSITY - IVMF
101 WAVERLY AVE
SYRACUSE
,
NY
13244
NONE
PC
CHARITABLE
1,200,000
TEXAS RAMP PROJECT
PO BOX 832065
RICHARDSON
,
TX
75083
NONE
PC
CHARITABLE
25,000
SOUTH TEXAS AFGHANISTAN IRAQ VETERANS ASSOCIATION
PO BOX 187
OLMITO
,
TX
78575
NONE
PC
CHARITABLE
16,500
WOMEN TOGETHER FOUNDATION
511 N CYNTHIA ST
MCALLEN
,
TX
78501
NONE
PC
CHARITABLE
45,373
LOWER RIO GRANDE VALLEY COMMUNITY HEALTH MGMT INC
901 E VERMONT AVE
MCALLEN
,
TX
78503
NONE
PC
CHARITABLE
100,000
CITY OF BROWNSVILLE
1001 E ELIZABETH STREET
BROWNSVILLE
,
TX
78520
NONE
GOV
CHARITABLE
500,000
CITY OF LA FERIA
115 E COMMERCIAL AVE
LA FERIA
,
TX
78559
NONE
GOV
CHARITABLE
495,000
CITY OF SOUTH PADRE ISLAND
4601 PADRE BLVD
SOUTH PADRE ISLAND
,
TX
78597
NONE
GOV
CHARITABLE
307,046
GOOD SAMARITAN COMMUNITY SERVICES
1600 SALTILLO STREET
SAN ANTONIO
,
TX
78207
NONE
PC
CHARITABLE
25,207
HIDALGO COUNTY
100 NORTH CLOSNER
EDINBURG
,
TX
78539
NONE
GOV
CHARITABLE
500,000
SU CLINICA
105 EAST ALTON GLOOR
BROWNSVILLE
,
TX
78526
NONE
PC
CHARITABLE
621,150
THE SALVATION ARMY - MCALLEN
1600 N 23RD ST
MCALLEN
,
TX
78501
NONE
PC
CHARITABLE
50,000
BROWNSVILLE PUBLIC UTILITIES DISTRICT
1425 ROBINHOOD DR
BROWNSVILLE
,
TX
78520
NONE
GOV
CHARITABLE
100,000
UTHSC AT HOUSTON
7000 FANNIN STREET
HOUSTON
,
TX
77030
NONE
PC
CHARITABLE
504,901
TEXAS MENTAL HEALTH COLLABORATIVE FUND
4315 GUADALUPE
AUSTIN
,
TX
78751
NONE
PC
CHARITABLE
25,000
Access Esperanza Clinics Inc
916 E Hackberry Ave
MCALLEN
,
TX
78501
NONE
PC
CHARITABLE
50,000
CITY OF LOS INDIOS
PO BOX 369
LOS INDIOS
,
TX
78567
NONE
GOV
CHARITABLE
400,000
CHILDREN'S BEREAVEMENT CENTER OF SOUTH TEXAS
205 W OLMOS DRIVE
SAN ANTONIO
,
TX
78212
NONE
PC
CHARITABLE
100,000
CITY OF LOS FRESNOS
200 N BRAZIL
LOS FRESNOS
,
TX
78566
NONE
GOV
CHARITABLE
417,260
CITY OF MISSION
1201 E 8TH STREET
MISSION
,
TX
78572
NONE
GOV
CHARITABLE
500,000
CITY OF PORT ISABEL
305 E MAXAN STREET
PORT ISABEL
,
TX
78578
NONE
GOV
CHARITABLE
500,000
INFANT AND FAMILY NUTRITION AGENCY
1225 BOCA CHICA BLVD
BROWNSVILLE
,
TX
78520
NONE
PC
CHARITABLE
30,000
MHP SALUD
2111 GOLFSIDE SUITE 2B
YPSILANTI
,
MI
48197
NONE
PC
CHARITABLE
249,770
THE VANNIE COOK CHILDRENS CANCER CENTER - TCH
101 WEST EXPRESSWAY 83
MCALLEN
,
TX
78503
NONE
PC
CHARITABLE
258,008
Total
.................................
3a
15,905,483
b
Approved for future payment
CITY OF ALAMO
715 E BUSINESS 83
ALAMO
,
TX
78516
NONE
GOV
CHARITABLE
55,583
CITY OF ELSA
102 DIANA ST
ELSA
,
TX
78543
NONE
GOV
CHARITABLE
500,000
TOWN OF COMBES
21626 HAND ROAD
COMBES
,
TX
78535
NONE
GOV
CHARITABLE
300,000
Total
.................................
3b
855,583
Form
990-PF
(2019)
Form 990-PF (2019)
Page
12
Part XVI-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
4
Dividends and interest from securities
....
14
9,456,165
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
8
Gain or (loss) from sales of assets other than
inventory
............
26
2,077,204
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
MANAGEMENT FEE REVENUE
541610
25,000
b
PARTNERSHIP INCOME
900099
-263
01
280,410
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
24,737
11,813,779
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
11,838,516
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form
990-PF
(2019)
Form 990-PF (2019)
Page
13
Part XVII
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
b
If "Yes," complete the following schedule.
(a)
Name of organization
(b)
Type of organization
(c)
Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below
(see instr.)
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2019)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description