-
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
BEAL FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)
104 S PECOS
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MIDLAND
,
TX
79701
A Employer identification number
75-6034480
B
Telephone number (see instructions)
(432) 571-4960
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)
$
60,544,944
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)
0
2
Check
.............
3
Interest on savings and temporary cash investments
195,485
173,804
4
Dividends and interest from securities
...
644,656
644,656
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
1,343,663
b
Gross sales price for all assets on line 6a
14,147,282
7
Capital gain net income (from Part IV, line 2)
...
1,343,663
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)
.......
5,094,227
5,094,227
12
Total.
Add lines 1 through 11
........
7,278,031
7,256,350
13
Compensation of officers, directors, trustees, etc.
0
0
0
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
b
Accounting fees (attach schedule)
.......
13,225
9,919
3,306
c
Other professional fees (attach schedule)
....
503,254
377,440
125,813
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
456,284
391,227
0
19
Depreciation (attach schedule) and depletion
...
59,450
59,450
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
86,334
80,302
6,032
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
1,118,547
918,338
135,151
25
Contributions, gifts, grants paid
.......
5,401,400
5,401,400
26
Total expenses and disbursements.
Add lines 24 and 25
6,519,947
918,338
5,536,551
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
758,084
b
Net investment income
(if negative, enter -0-)
6,338,012
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
.............
2
Savings and temporary cash investments
.........
5,409,266
2,950,663
2,950,663
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
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
..........
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
34,489,313
37,765,450
45,426,006
c
Investments—corporate bonds (attach schedule)
.......
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
1,709,573
1,650,123
12,168,275
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
41,608,152
42,366,236
60,544,944
17
Accounts payable and accrued expenses
..........
18
Grants payable
.................
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
)
23
Total liabilities
(add lines 17 through 22)
.........
0
0
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
0
0
27
Paid-in or capital surplus, or land, bldg., and equipment fund
0
0
28
Retained earnings, accumulated income, endowment, or other funds
41,608,152
42,366,236
29
Total net assets or fund balances
(see instructions)
.....
41,608,152
42,366,236
30
Total liabilities and net assets/fund balances
(see instructions)
.
41,608,152
42,366,236
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
41,608,152
2
Enter amount from Part I, line 27a
.....................
2
758,084
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3
..........................
4
42,366,236
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
42,366,236
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
RBC MANAGED ACCOUNT 65
P
b
RBC MANAGED ACCOUNT 65
P
c
RBC MANAGED ACCOUNT 74
P
d
RBC MANAGED ACCOUNT 74
P
e
RBC MANAGED ACCOUNT 07
P
RBC MANAGED ACCOUNT 07
P
RBC MANAGED ACCOUNT 08
P
RBC MANAGED ACCOUNT 08
P
RBC MANAGED ACCOUNT 23
P
RBC MANAGED ACCOUNT 23
P
RBC MANAGED ACCOUNT 63
P
RBC MANAGED ACCOUNT 63
P
RBC MANAGED ACCOUNT 69
P
RBC MANAGED ACCOUNT 69
P
RBC MANAGED ACCOUNT 03
P
RBC MANAGED ACCOUNT 03
P
RBC MANAGED ACCOUNT 08
P
RBC MANAGED ACCOUNT 08
P
RBC MANAGED ACCOUNT 42
P
RBC MANAGED ACCOUNT 42
P
RBC MANAGED ACCOUNT 57
P
RBC MANAGED ACCOUNT 57
P
RBC MANAGED ACCOUNT 60
P
RBC MANAGED ACCOUNT 60
P
RBC MANAGED ACCOUNT 71
P
RBC MANAGED ACCOUNT 71
P
RBC MANAGED ACCOUNT 72
P
RBC MANAGED ACCOUNT 72
P
RBC MANAGED ACCOUNT 73
P
RBC MANAGED ACCOUNT 73
P
RBC MANAGED ACCOUNT 77
P
RBC MANAGED ACCOUNT 77
P
RBC MANAGED ACCOUNT 79
P
RBC MANAGED ACCOUNT 79
P
RBC MANAGED ACCOUNT 80
P
RBC MANAGED ACCOUNT 80
P
RBC MANAGED ACCOUNT 84
P
RBC MANAGED ACCOUNT 60
P
RBC MANAGED ACCOUNT 60
P
RBC MANAGED ACCOUNT 16
P
RBC MANAGED ACCOUNT 16
P
RBC MANAGED ACCOUNT 47
P
RBC MANAGED ACCOUNT 25
P
RBC MANAGED ACCOUNT 25
P
CAPITAL GAINS DIVIDENDS
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
30,714
27,282
3,432
b
515,623
267,211
248,412
c
212,877
219,722
-6,845
d
633,478
595,091
38,387
e
99,029
111,753
-12,724
240,664
228,826
11,838
61,045
57,430
3,615
1,292,276
915,016
377,260
442,863
434,483
8,380
1,544,237
1,529,946
14,291
746,902
827,846
-80,944
2,166,110
1,609,556
556,554
300,618
349,975
-49,357
526,260
545,125
-18,865
9,541
8,942
599
491,266
314,138
177,128
735,257
721,906
13,351
1,690,272
1,904,621
-214,349
25,051
24,739
312
381,249
359,683
21,566
10,724
8,918
1,806
149,855
120,028
29,827
56,749
58,770
-2,021
211,945
172,780
39,165
1,994
2,164
-170
74,488
56,449
18,039
16,167
16,118
49
62,042
59,849
2,193
28,402
30,610
-2,208
50,807
44,816
5,991
22,093
24,613
-2,520
48,896
48,610
286
12,180
12,354
-174
40,291
31,042
9,249
6,107
5,892
215
40,942
35,447
5,495
126,924
122,012
4,912
56,446
54,970
1,476
141,752
157,670
-15,918
98,665
101,351
-2,686
142,122
162,423
-20,301
21,718
21,718
129,557
124,623
4,934
292,318
298,819
-6,501
158,766
158,766
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
3,432
b
248,412
c
-6,845
d
38,387
e
-12,724
11,838
3,615
377,260
8,380
14,291
-80,944
556,554
-49,357
-18,865
599
177,128
13,351
-214,349
312
21,566
1,806
29,827
-2,021
39,165
-170
18,039
49
2,193
-2,208
5,991
-2,520
286
-174
9,249
215
5,495
4,912
1,476
-15,918
-2,686
-20,301
21,718
4,934
-6,501
158,766
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
1,343,663
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
6,758,150
60,003,841
0.112629
2017
3,303,606
47,566,349
0.069453
2016
2,902,056
41,187,992
0.070459
2015
2,557,531
31,056,087
0.082352
2014
3,644,810
30,036,648
0.121345
2
Total
of line 1, column (d)
.....................
2
0.456238
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
0.091248
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
58,082,167
5
Multiply line 4 by line 3
......................
5
5,299,882
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
63,380
7
Add lines 5 and 6
........................
7
5,363,262
8
Enter qualifying distributions from Part XII, line 4
,.............
8
5,536,551
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
63,380
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
0
3
Add lines 1 and 2
...........................
3
63,380
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
0
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
63,380
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
57,125
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
22,000
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
79,125
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
170
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
15,575
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
15,575
Refunded
11
0
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.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
0
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
N/A
14
The books are in care of
MR MARK LOWE PROSPERITY BANK
Telephone no.
(432) 571-4960
Located at
509 W WALL ST
MIDLAND
TX
ZIP+4
79701
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
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
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
CARLTON BEAL JR
TRUSTEE
0.00
0
0
0
104 S PECOS
MIDLAND
,
TX
79701
SPENCER BEAL
TRUSTEE
0.00
0
0
0
104 S PECOS
MIDLAND
,
TX
79701
KELLY BEAL
TRUSTEE
0.00
0
0
0
104 S PECOS
MIDLAND
,
TX
79701
BARRY BEAL JR
TRUSTEE
0.00
0
0
0
104 S PECOS
MIDLAND
,
TX
79701
STUART BEAL
TRUSTEE
0.00
0
0
0
104 S PECOS
MIDLAND
,
TX
79701
STEVE SCHORR
TRUSTEE
0.00
0
0
0
104 S PECOS
MIDLAND
,
TX
79701
ELIZABETH BEAL DAVENPORT
CHAIRMAN
0.00
0
0
0
104 S PECOS
MIDLAND
,
TX
79701
MARK LOWE CO PROSPERITY BANK
SECRETARY/TREASURER
0.00
0
0
0
509 W WALL ST
MIDLAND
,
TX
79701
KARLENE BEAL GARBER
TRUSTEE
0.00
0
0
0
104 S PECOS
MIDLAND
,
TX
79701
STEVE HOFER CO COTTON BLEDSOE
TRUSTEE
0.00
0
0
0
PO BOX 50174
MIDLAND
,
TX
79710
STEPHEN BEAL
TRUSTEE
0.00
0
0
0
104 S PECOS
MIDLAND
,
TX
79701
LAURA BUCKNER
TRUSTEE
0.00
0
0
0
705 N LORAINE ST
MIDLAND
,
TX
79701
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
NONE
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
NONE
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
.........................
0
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
43,017,005
b
Average of monthly cash balances
.......................
1b
3,781,387
c
Fair market value of all other assets (see instructions)
................
1c
12,168,275
d
Total
(add lines 1a, b, and c)
.........................
1d
58,966,667
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
58,966,667
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
884,500
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
58,082,167
6
Minimum investment return.
Enter 5% of line 5
..................
6
2,904,108
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
2,904,108
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
63,380
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
63,380
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
2,840,728
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
2,840,728
6
Deduction from distributable amount (see instructions)
.................
6
0
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
...
7
2,840,728
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
5,536,551
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
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
5,536,551
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
63,380
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
5,473,171
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
2,840,728
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
0
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
2,267,306
b
From 2015
......
1,113,475
c
From 2016
......
914,612
d
From 2017
......
1,100,356
e
From 2018
......
3,921,622
f
Total
of lines 3a through e
........
9,317,371
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
5,536,551
a
Applied to 2018, but not more than line 2a
0
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
0
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2019 distributable amount
.....
2,840,728
e
Remaining amount distributed out of corpus
2,695,823
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
12,013,194
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
0
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
......
0
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
0
e
Undistributed income for 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
0
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)
.......
0
8
Excess distributions carryover from 2014 not
applied on line 5 or line 7 (see instructions)
...
2,267,306
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
9,745,888
10
Analysis of line 9:
a
Excess from 2015
....
1,113,475
b
Excess from 2016
....
914,612
c
Excess from 2017
....
1,100,356
d
Excess from 2018
....
3,921,622
e
Excess from 2019
....
2,695,823
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).)
CARLTON BEAL JR
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:
SPENCER E BEAL
104 S PECOS
MIDLAND
,
TX
79701
(432) 682-3753
b
The form in which applications should be submitted and information and materials they should include:
THE BEAL FOUNDATION HAS APPLICATION FORMS WHICH MAY BE OBTAINED FROM MR. BEAL. INFORMATION REQUIRED IS DETAILED IN THE APPLICATION FORM INSTRUCTIONS. REPEAT RECIPIENTS MUST SUBMIT THEIR APPLICATIONS TWO WEEKS PRIOR TO THE SEMI-ANNUAL TRUSTEE MEETINGS HELD ON APRIL 1 AND NOVEMBER 1. FIRST TIME APPLICANTS MUST SUBMIT THEIR APPLICATIONS FOUR WEEKS PRIOR.
c
Any submission deadlines:
FOUR WEEKS PRIOR TO APRIL 1 AND NOVEMBER 1 FOR NEW APPLICANTS.
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NO RESTRICTIONS ON GRANTS; HOWEVER, THE BEAL FOUNDATION GIVES FIRST CONSIDERATION TO CHARITABLE ORGANIZATIONS WITHIN THE MIDLAND, TEXAS AREA. GRANTS ARE BASED ON NEED AND AVAILABILITY OF FUNDS WITHIN THE FOUNDATION.
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
AGAPE COUNSELING SERVICES OF WEST TEXAS
3500 NORTH A STREET SUITE 2400
MIDLAND
,
TX
79705
PC
OPERATING FUNDS
65,000
AMERICAN DIABETES ASSOCIATION
8008 SLIDE RD 12A
LUBBOCK
,
TX
79242
PC
OPERATING FUNDS
20,000
APHASIA CENTER OF WEST TEXAS INC
5214 THOMASON DR
MIDLAND
,
TX
79703
PC
OPERATING FUNDS
15,000
ASPEN COUNTRY DAY SCHOOL
85 COUNTRY DAY WAY
ASPEN
,
CO
81611
PC
OPERATING FUNDS
15,000
ASPEN VALLEY HOSPITAL FOUNDATION
401 CASTLE CREEK RD
ASPEN
,
CO
81611
PC
OPERATING FUNDS
12,000
AVON OLD FARMS SCHOOLS
5100 OLD FARMS RD
AVON
,
CT
06001
PC
OPERATING FUNDS
12,000
BIG BROTHERS BIG SISTERS OF MIDLAND INC
714 W LOUISIANA AVE
MIDLAND
,
TX
79701
PC
OPERATING FUNDS
25,000
BIG COUNTRY HOME EDUCATORS
PO BOX 6861
ABILENE
,
TX
79608
PC
OPERATING FUNDS
25,000
BOYS & GIRLS CLUB OF MIDLAND
PO BOX 284
MIDLAND
,
TX
79702
PC
OPERATING FUNDS
15,000
BUCKNER CHILDREN AND FAMILY SERVICES
425 W PECAN ST
MIDLAND
,
TX
79705
PC
OPERATING FUNDS
20,000
BYNUM SCHOOL
PO BOX 80175
MIDLAND
,
TX
79708
PC
OPERATING FUNDS AND CAPITAL FUNDS
31,000
CASA DE AMIGOS OF MIDLAND
1101 E GARDEN LANE
MIDLAND
,
TX
79701
PC
OPERATING FUNDS
18,000
CASA OF WEST TEXAS
1611 W TEXAS AVE
MIDLAND
,
TX
79701
PC
CAPITAL FUNDS
50,000
CENTERS FOR CHILDREN AND FAMILIES
3701 ANDREWS HWY
MIDLAND
,
TX
79703
PC
OPERATING FUNDS
32,000
CHARACTER CHOICE INC
2300 BLOCK COURT
ERIR
,
CO
80516
PC
OPERATING FUNDS
500
CHILDREN'S HOSPITAL - LOS ANGELES
4650 SUNSET BLVD MS 29
LOS ANGELES
,
CA
90027
PC
OPERATING FUNDS
27,500
CHILDREN'S INSTITUTE INC
2121 W TEMPLE ST
LOS ANGELES
,
CA
90026
PC
OPERATING FUNDS
15,000
CHINA AID ASSOCIATION
3107 E 21ST STREET
ODESSA
,
TX
79761
PC
OPERATING FUNDS
2,000
CHRISTMAS IN ACTION MIDLAND
PO BOX 3744
MIDLAND
,
TX
79702
PC
OPERATING FUNDS
14,000
COM AQUATICS INC
3003 N A ST
MIDLAND
,
TX
79705
PC
CAPITAL FUNDS
20,000
COMMUNITIES IN SCHOOLS OF THE PERMIAN BASIN
PO BOX 10532
MIDLAND
,
TX
79702
PC
OPERATING FUNDS
25,000
COMMUNITY BIBLE STUDY
790 STOUT RD
COLORADO SPRINGS
,
CO
80921
PC
OPERATING FUNDS
4,000
COMMUNITY CHILDREN'S CLINIC
PO BOX 3328
MIDLAND
,
TX
79702
PC
OPERATING FUNDS
20,000
CRIME STOPPERS OF MIDLAND INC
PO BOX 1882
MIDLAND
,
TX
79702
PC
OPERATING FUNDS
9,000
EAST WEST MINISTRIES
2001 W PLANO PKWY STE 3000
PLANO
,
TX
75075
PC
OPERATING FUNDS
10,000
EMMANUEL CHAPEL
P O BOX 301
SOUTH FORK
,
CO
81154
PC
OPERATING FUNDS
16,000
FAIR HAVENS
2400 WHITMIRE BLVD STE 100
MIDLAND
,
TX
79705
PC
OPERATING FUNDS
10,000
FAMILY PROMISE OF MIDLAND
3500 NORTH A STREET
MIDLAND
,
TX
79705
PC
OPERATING FUNDS
523,500
FELLOWSHIP OF CHRISTIAN ATHLETES
3500 NORTH A STREET STE 2600
MIDLAND
,
TX
79705
PC
OPERATING FUNDS
21,000
FIRST PRESBYTERIAN CHURCH MIDLAND
800 W TEXAS AVE
MIDLAND
,
TX
79701
PC
OPERATING FUNDS
446,000
FOCUS ON THE FAMILY
8605 EXPLORER DRIVE
COLORADO SPRINGS
,
CO
80902
PC
OPERATING FUNDS
10,000
FORT CHADBOURNE FOUNDATION
651 FORT CHADBOURNE ROAD
BRONTE
,
TX
76933
PC
OPERATING FUNDS
10,000
FREE WHEELCHAIR MISSION
PO BOX 52001 DEPT 921
PHOENIX
,
AZ
85072
PC
OPERATING FUNDS
15,000
GEORGE W BUSH CHILDHOOD HOME INC
PO BOX 8586
MIDLAND
,
TX
79708
PC
CAPITAL FUNDS
5,000
GLADNEY CENTER FOR ADOPTION
410 W OHIO AVE STE 203
MIDLAND
,
TX
79701
PC
OPERATING FUNDS
5,000
GUADALUPE RADIO NETWORK LA PROMESA FOUNDATION
1406 E GARDEN LN
MIDLAND
,
TX
79701
PC
OPERATING FUNDS
5,000
HAWAII PREPATORY ACADEMY
65-1692 KOHALA MOUNTAIN ROAD
KAMUELA
,
HI
96743
PC
CAPITAL PROJECTS
50,000
HELPING HANDS OF MIDLAND CO ST STEPHENS
4601 NEELY AVE
MIDLAND
,
TX
79707
PC
OPERATING FUNDS
20,000
HERITAGE SCHOOL
310 SMOKEHOUSE RD
FREDERICKSBURG
,
TX
78624
PC
OPERATING FUNDS
10,000
HIGH SKY CHILDREN'S RANCH
8613 WEST COUNTRY ROAD 60
MIDLAND
,
TX
79707
PC
OPERATING FUNDS AND CAPITAL FUNDS
100,000
HILLCREST SCHOOL
2800 N A ST
MIDLAND
,
TX
79705
PC
OPERATING FUNDS AND CAPITAL FUNDS
41,000
HOSPICE OF MIDLAND
911 W TEXAS AVE
MIDLAND
,
TX
79701
PC
OPERATING FUNDS
10,000
HOUSTON METHODIST HOSPITAL FOUNDATION
PO BOX 4384
HOUSTON
,
TX
77210
PC
OPERATING FUNDS
10,000
IDEA PUBLIC SCHOOLS
2223 W WALL ST STE 209
MIDLAND
,
TX
79701
PC
OPERATING EXPENSES
50,000
JUNIOR ACHIEVEMENT OF WEST TEXAS INC
306 W WALL SUITE 827
MIDLAND
,
TX
79701
PC
OPERATING FUNDS
30,000
KBC MINISTRIES
16010 UNIVERSITY OAKS SUITE 104
SAN ANTONIO
,
TX
78249
PC
OPERATING FUNDS
5,000
MANNA HOUSE
1238 FM 359 NORTH
BROOKSHIRE
,
TX
77423
PC
OPERATING EXPENSES
20,000
MANOR PARKINC
2208 NORTH LOOP 250 WEST
MIDLAND
,
TX
79705
PC
CAPITAL FUNDS
96,800
MARC INC
2701 NORTH A ST
MIDLAND
,
TX
79705
PC
OPERATING FUNDS AND CAPITAL FUNDS
604,000
MD ANDERSON CANCER CENTER
PO BOX 4464
HOUSTON
,
TX
77210
PC
OPERATING EXPENSESOPERATING EXPENSES
20,000
MIDLAND CHAMBER OF COMMERCE FOUNDAITON
303 W WALL STREET SUITE 200
MIDLAND
,
TX
79701
PC
CAPITAL PROJECTS
500,000
MIDLAND CHILDREN'S REHABILITATION CENTER
802 VENTURA
MIDLAND
,
TX
79705
PC
OPERATING FUNDS
172,500
MIDLAND COMMUNITY THEATRE INC
2000 W WADLEY
MIDLAND
,
TX
79705
PC
OPERATING FUNDS
10,000
MIDLAND COUNTY PUBLIC LIBRARY FOUNDATION
301 W MISSOURI AVE
MIDLAND
,
TX
79701
PC
OPERATING FUNDS
15,000
MIDLAND HABITAT FOR HUMANITY
PO BOX 2555
MIDLAND
,
TX
79702
PC
OPERATING FUNDS
12,000
MIDLAND MEMORIAL FOUNDATION
400 ROSALIND REDFERN GROVER PARKWAY
MIDLAND
,
TX
79701
PC
CAPITAL FUNDS
120,000
MIDLAND RAPE CRISIS CENTER & CAC
PO BOX 10081
MIDLAND
,
TX
79702
PC
OPERATING FUNDS
40,000
MIDLAND-ODESSA SYMPHONY & CHORALE INC
PO BOX 60658
MIDLAND
,
TX
79711
PC
OPERATING FUNDS
40,000
MISSION HEALTH CARE INC
3500 NORTH A STREET SUITE 1300
MIDLAND
,
TX
79705
PC
OPERATING FUNDS
25,000
MISSION MESSIAH
1213 W 2ND STREET
ODESSA
,
TX
79762
PC
OPERATING FUNDS
5,000
MOUNTAIN RESCUE ASPEN
37925 HIGHWAY 82
ASPEN
,
CO
81611
PC
OPERATING EXPENSE
10,000
MULESHOE AREA PUBLIC LIBRARY
322 W 2ND ST
MULESHOE
,
TX
79347
PC
OPERATING EXPENSE
100
MUSCULAR DISTROPHY ASSOCIATION
600 N MARIENFELD ST SUITE 840
MIDLAND
,
TX
79701
PC
OPERATING FUNDS
10,000
MUSEUM OF THE SOUTHWEST
1705 W MISSOURI AVE
MIDLAND
,
TX
79701
PC
OPERATING FUNDS
45,000
ODESSA CHRISTMAS IN ACTION INC
PO BOX 15075
ODESSA
,
TX
79768
PC
CAPITAL FUNDS
8,000
OILFIELD CHRISTIAN FELLOWSHIP
4816 RANGEWOOD COURT
MIDLAND
,
TX
79707
PC
OPERATING FUNDS
2,000
OPERATION WALK USA
9400 W HIGGINS ROAD SUITE 500
ROSEMONT
,
IL
60018
PC
OPERATING FUNDS
25,000
PARTNERS RELIEF AND DEVELOPMENT
PO BOX 1992
GRAND RAPIDS
,
MI
495011992
PC
OPERATING FUNDS
30,000
PERMIAN BASIN ADULT LITERACY CENTER
1709 W WALL ST
MIDLAND
,
TX
79701
PC
OPERATING EXPENSE
5,000
PERMIAN BASIN AREA FOUNDATION - AMY BELL FUND
200 N LORAINE STE 500
MIDLAND
,
TX
79701
PC
OPERATING FUNDS
5,000
PERMIAN BASIN BE THE CHANGE
PO BOX 52643
MIDLAND
,
TX
79710
PC
OPERATING FUNDS
10,000
PERMIAN BASIN GIFTS OF HOPE
PO BOX 1323
MIDLAND
,
TX
79702
PC
OPERATING FUNDS
27,000
PERMIAN BASIN PETROLEUM MUSEUM
1500 INTERSTATE 20 WEST
MIDLAND
,
TX
79701
PC
OPERATING FUNDS
10,000
POLWARTH MINISTRIES
3512 STURGIS LANE
WACO
,
TX
76708
PC
OPERATING FUNDS
20,000
RECORDING LIBRARY OF WEST TEXAS
3500 NORTH A STREET SUITE 2800
MIDLAND
,
TX
79705
PC
OPERATING FUNDS
15,000
RED RIVER MINISTRIES
3112 WINDSOR ROAD SUITE A112
AUSTIN
,
TX
78703
PC
OPERATING FUNDS
1,000
REFLECTION MINISTRIES OF TEXAS INC
PO BOX 52371
MIDLAND
,
TX
79710
PC
OPERATING EXPENSE
177,000
ROCK THE DESERT MINISTRIES INC
PO BOX 61377
MIDLAND
,
TX
79711
PC
OPERATING FUNDS
15,000
ROPE YOUTH
3500 W GOLF COURSE ROAD
MIDLAND
,
TX
79703
PC
OPERATING FUNDS
30,000
SAFE PLACE OF THE PERMIAN BASIN
PO BOX 11331
MIDLAND
,
TX
79702
PC
OPERATING FUNDS AND CAPITAL PROJECTS
565,000
SAINT JOHN'S HEALTH CENTER FOUNDATION
2121 SANTA MONICA BLVD
SANTA MONICA
,
CA
90404
PC
OPERATING EXPENSE
30,000
SALVATION ARMY
PO BOX 594
MIDLAND
,
TX
79702
PC
OPERATING FUNDS
10,000
SAMARITAN COUNSELING CENTER
PO BOX 60312
MIDLAND
,
TX
79711
PC
OPERATING FUNDS
36,000
SENIOR LINK MIDLAND
PO BOX 80519
MIDLAND
,
TX
79708
PC
OPERATING FUNDS
30,000
SIBLEY ENVIRONMENTAL LEARNING CENTER FOUNDATION
1307 E WADLEY AVE
MIDLAND
,
TX
79705
PC
OPERATING FUNDS
10,000
SOUTHWEST TEXAS PRISON MINISTRY & FAMILY OUTREACH
PO BOX 683
IRAAN
,
TX
79744
PC
OPERATING FUNDS
15,000
ST STEPHENS CATHOLIC CHURCH
4601 NEELY AVE
MIDLAND
,
TX
79707
PC
OPERATING EXPENSE
20,000
ST JUDE CHILDREN'S RESEARCH HOSPITAL
262 DANNY THOMAS PLACE
MEMPHIS
,
TN
38105
PC
OPERATING EXPENSES
50,000
ST MARY'S CATHOLIC CHURCH
533 E MAIN ST
ASPEN
,
CO
81611
PC
OPERATING FUNDS
5,000
TEEN CHALLENGE
PO BOX 251
MIDLAND
,
TX
79702
PC
OPERATING FUNDS
40,000
TEEN FLOW YOUTH MINISTRY
PO BOX 733
MIDLAND
,
TX
79701
PC
OPERATING FUNDS
30,000
THE FIELD'S EDGE
6003 MEADOWVIEW LANE
MIDLAND
,
TX
79707
PC
OPERATING FUNDS
110,000
THE JUNIOR LEAGUE OF MIDLAND INC
902 W DENGAR AVE
MIDLAND
,
TX
79705
PC
OPERATING FUNDS
40,000
THE SPRINGBOARD CENTER
200 CORPORATE DR
MIDLAND
,
TX
79705
PC
CAPITAL FUNDS
54,000
TRINITY SCHOOL OF MIDLAND
3500 WEST WADLEY
MIDLAND
,
TX
79707
PC
OPERATING FUNDS AND CAPITAL FUNDS
162,500
VIETNAMESE BIBLE INC
PO BOX 61377
MIDLAND
,
TX
79702
PC
OPERATING FUNDS
2,000
WEST TEXAS FOOD BANK
411 PAGEWOOD AVE
ODESSA
,
TX
79761
PC
OPERATING FUNDS
60,000
WOGO
2018 ELECTRIC ROAD 280
ROANOAKE
,
VA
24018
PC
OPERATING EXPENSES
50,000
YMCA OF MIDLAND
PO BOX 954
MIDLAND
,
TX
79702
PC
OPERATING FUNDS
10,000
YOUNG LIFE BAYLOR
3512 STURGIS LANE
WACO
,
TX
76708
PC
OPERATING FUNDS
2,000
YOUNG LIFE MIDLAND
925 W WADLEY AVE
MIDLAND
,
TX
79705
PC
OPERATING FUNDS AND CAPITAL FUNDS
50,000
Total
.................................
3a
5,401,400
b
Approved for future payment
Total
.................................
3b
0
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
...........
14
195,485
4
Dividends and interest from securities
....
14
644,656
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
.....
14
5,094,227
8
Gain or (loss) from sales of assets other than
inventory
............
18
1,343,663
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
b
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
0
7,278,031
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
7,278,031
(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