Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE DIXON WATER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4528 COUNTY ROAD 398
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DECATUR, TX76234
A Employer identification number

75-2521176
B Telephone number (see instructions)

(940) 768-2740
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$82,265,065J Accounting method:
 
(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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 373,005 373,005  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -332,470
b Gross sales price for all assets on line 6a 123,246
7 Capital gain net income (from Part IV, line 2)... 0
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)....... Click to see attachment 773,597 420,219  
12 Total. Add lines 1 through 11........ 814,132 793,224  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 380,189 190,094   190,095
14 Other employee salaries and wages...... 6,433 0   0
15 Pension plans, employee benefits....... 57,731 28,865   28,866
16a Legal fees (attach schedule)......... Click to see attachment 72,528 72,528   0
b Accounting fees (attach schedule)....... Click to see attachment 4,999 2,500   0
c Other professional fees (attach schedule).... Click to see attachment 18,843 13,748   0
17 Interest............... 96,442 0   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 36,892 15,827   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 269,397 0  
20 Occupancy.............. 59,547 0   0
21 Travel, conferences, and meetings....... 15,038 0   0
22 Printing and publications.......... 2,370 0   0
23 Other expenses (attach schedule)....... Click to see attachment 854,427 0   669,535
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,874,836 323,562   888,496
25 Contributions, gifts, grants paid....... 580,200 580,200
26 Total expenses and disbursements. Add lines 24 and 25 2,455,036 323,562   1,468,696
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,640,904
b Net investment income (if negative, enter -0-) 469,662
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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
Assets 1 Cash—non-interest-bearing............. 3,004,112 3,105,042 3,105,042
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
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) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use.............. 844,150 844,150 844,150
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 8,007 Click to see attachment8,008 8,008
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet19,096,058
Less: accumulated depreciation (attach schedule) bullet   10,231,278 19,096,058 38,836,760
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,882,033 Click to see attachment2,893,439 1,400,893
14 Land, buildings, and equipment: basis bullet33,480,354
Less: accumulated depreciation (attach schedule) bullet2,358,759 31,235,533 Click to see attachment31,121,595 38,070,212
15 Other assets (describe bullet) Click to see attachment27,835,481 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 76,040,594 57,068,292 82,265,065
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue................. 17,222,486  
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 1,380,870 1,210,870
22 Other liabilities (describe bullet) Click to see attachment333 Click to see attachment-100
23 Total liabilities (add lines 17 through 22)......... 18,603,689 1,210,770
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
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 bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 1,000 1,000
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 57,435,905 55,856,522
29 Total net assets or fund balances (see instructions)..... 57,436,905 55,857,522
30 Total liabilities and net assets/fund balances (see instructions). 76,040,594 57,068,292
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
57,436,905
2
Enter amount from Part I, line 27a .....................
2
-1,640,904
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
61,521
4
Add lines 1, 2, and 3 ..........................
4
55,857,522
5
Decreases not included in line 2 (itemize) bullet
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
55,857,522
Form 990-PF (2020)
Form 990-PF (2020)
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 25.5 ACRES GARFIELD COUNTY D 2005-01-31 2020-05-08
b
c
d
e
(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 123,246   455,716 -332,470
b
c
d
e
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       -332,470
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -332,470
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 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 6,528
c All other domestic foundations enter 1.39% 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 6,528
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 6,528
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 31,814
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 31,814
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 25,286
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet25,286 RefundedBullet 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 the instructions
for the 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. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 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)
    bulletTX
    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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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 addressbulletWWW.DIXONWATER.ORG
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (940) 768-2740

    Located atbullet4528 COUNTY ROAD 398DECATURTX ZIP+4bullet76234
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    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 bullet
    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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    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
     
    No
    ........bullet
    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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 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.
    bullet20, 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?......................
    b
    If "Yes," did it have excess business holdings in 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    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
     
     
    .........bullet
    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?..........
    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?.....................
    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?
    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? .................
    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
    ROBERT J POTTS CHAIRMAN CEO
    40.00     		212,189 0 29,675
    P O BOX 177
    MARFA,TX79843
    CLINTON W JOSEY JR VICE PRESIDENT
    40.00     		0 0 0
    6060 N CENTRAL EXPY 560
    DALLAS,TX75206
    KATHY SMYTH VICE CHAIRMAN & VICE PRESI
    1.00     		0 0 0
    7630 RIVERPOINT DRIVE
    HOUSTON,TX77063
    HUGH ALJOE VICE CHAIRMAN
    1.00     		0 0 0
    2510 SAM NOBLE PKWY
    ARDMORE,OK73401
    LAURA WHITING BOARD MEMBER
    1.00     		0 0 0
    2021 MCKINNEY AVENUE SUITE 1600
    DALLAS,TX75201
    LESLIE RAUSCHER BOARD MEMBER
    1.00     		0 0 0
    6227 MALCOLM DRIVE
    DALLAS,TX75214
    WALT DAVIS BOARD MEMBER
    1.00     		0 0 0
    262 SR 70E
    CALERA,OK74730
    JERRY ADDISON BOARD MEMBER
    1.00     		0 0 0
    P O BOX 629
    BOWIE,TX76230
    MELISSA BOOKHOUT SEC/TRES
    35.00     		78,000 0 15,444
    4528 COUNTY RD 398
    DECATUR,TX76234
    CASEY WADE VICE PRESIDENT
    40.00     		90,000 0 13,107
    P O BOX 177
    MARFA,TX79843
    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
    ROBERT J TUGGLE RANCH MANAGER
    40.00     		60,000 14,353 893
    217 COUNTY ROAD 334
    DECATUR,TX76234
    PHILIP BOYD DIRECTOR OF SCIENCE
    40.00     		57,300 14,353 0
    P O BOX 571
    MARFA,TX79843
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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.............bullet0
    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 RESEARCH RELATED TO BIRD POPULATION AND BOTANICAL INVENTORIES ON THE RANCHES 17,397
    2 THE FOUNDATION PUTS ON MULTIPLE EDUCATIONAL WORKSHOPS, TOURS AND CONFERENCES THROUGHOUT THE YEAR AT ALL THE RANCHES. THESE INCLUDE THE FOLLOWING:RANGE MANAGEMENT WORKSHOPSBIRD MONITORINGWATER CONFERENCEGRAZING WORKSHOPSTUDENT TOURSHERB SURVEYRAPTOR RESEARCHALAMITO CREEK TOURS 38,127
    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 ADDITIONS MADE POSSIBLE FROM THE SALE OF THE EXEMPT BEAR CREEK RANCH TO ENLARGE ACREAGE AND PURCHASE EQUIPMENT ON OTHER EXEMPT OPERATING RANCHES FOR FURTHER RESEARCH INTO WATER CONSEVATION, LAND CONVERSATION AND LIVESTOCK MANAGEMENT. 268,828
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet268,828
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    8,007
    b
    Average of monthly cash balances.......................
    1b
    2,998,574
    c
    Fair market value of all other assets (see instructions)................
    1c
    47,673,381
    d
    Total (add lines 1a, b, and c).........................
    1d
    50,679,962
    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
    50,679,962
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    760,199
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    49,919,763
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,495,988
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,495,988
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    6,528
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,528
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,489,460
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,489,460
    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
    2,489,460
    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
    1,468,696
    b
    Program-related investments—total from Part IX-B..................
    1b
    268,828
    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
    1,737,524
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,737,524
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 2,489,460
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018...... 1,961,434
    e From 2019...... 6,136,629
    fTotal of lines 3a through e........ 8,098,063
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,737,524
    a Applied to 2019, 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 2020 distributable amount..... 1,737,524
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 751,936 751,936
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 7,346,127
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		7,346,127
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 1,209,498
    d Excess from 2019.... 6,136,629
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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.)
    1Information Regarding Foundation Managers:
    aList 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).)
    bList 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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    ROBERT J POTTS
    P O BOX 177
    MARFA,TX79843
    (432) 729-4600
    bThe form in which applications should be submitted and information and materials they should include:
    2-3 PAGE DESCRIPTION OF PROJECT ALONG WITH BUDGET AND SUPPORTING MATERIALS.
    cAny submission deadlines:
    NOVEMBER 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    LIMITED TO LAND MANAGEMENT, WATERSHED PROTECTION AND EDUCATION.
    Form 990-PF (2020)
    Form 990-PF (2020)
    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)
    aPaid during the year
    AMERICAN BIRD CONSERVANCY
    P O BOX 249
    THE PLAINS,VA20198     		NONE PC RIO GRANDE RESTORATION 50,000
    HILL COUNTRY ALLIANCE
    115315 HIGHWAY 71 WEST
    AUSTIN,TX78738     		NONE PC HEADWATERS CHALLENGE 25,000
    HOLISTIC MANAGEMENT INTERNATIONAL
    2425 SAN PEDRO NE SUITE A
    ALBUQUERQUE,NM87110     		NONE PC LAND PROGRAM 50,000
    KIDS ON THE LAND
    4004 GATEWAY DR SUITE 180
    COLLEYVILLE,TX76034     		NONE PC YOUTH AND LAND PROGRAM 25,000
    NORTH CENTRAL TEXAS COLLEGE
    1525 W CALIFORNIA STREET
    GAINESVILLE,TX76240     		NONE PC ENVIROMENT AND AGR STUDIES 50,000
    OGALLALA COMMONS INC
    P O BOX 346
    NAZARETH,TX79063     		NONE PC AQUIFER STEWARDSHIP 15,000
    PEOPLE AND CARNIVORES
    P O BOX 6733
    BOZEMAN,MT59771     		NONE PC WILDLIFE MANAGEMENT 15,000
    SUL ROSS STATE UNIVERSITY
    P O BOX C-16
    ALPINE,TX79832     		NONE PC RANCH MANAGEMENT PROGRAM 25,000
    TEXAS WILDLIFE ASSOCIATION FOUNDATION
    3660 THOUSAND OAKS 126
    SAN ANOTONIO,TX78247     		NONE PC LANDS PROGRAM 10,200
    UNIVERSITY OF NORTH TEXAS
    P O BOX 305250
    DENTON,TX76203     		NONE PC RANCH MANAGEMENT 135,000
    SAND COUNTY FOUNDATION
    131 W WILSON STREET
    MADISON,WI53703     		NONE PC LEOPOID AWARDS 20,000
    MERIDIAN INSTITUTE
    P O BOX 1829
    DILLON,CO80435     		NONE PC REGENERATIVE AGRICULTURE GRANT 25,000
    TEXAN BY NATURE
    3500 JEFFERSON ST
    AUSTIN,TX78731     		NONE PC SUPPORT FOR DEEP IN THE HEART 25,000
    TEXAS WATER TRADE
    611 S CONGRESS AVE
    AUSTIN,TX78704     		NONE PC WATER LEASING PROGRAM 25,000
    THE DEVILS RIVER CONSERVANCY
    201 W 5TH ST
    AUSTIN,TX78701     		NONE PC GENERAL OPERATIONS 25,000
    DUKE UNIVERSITY
    207 ALLEN BUILDING
    DURHAM,NC27708     		NONE PC REGENERATIVE GRAZING 15,000
    NATIVE PRAIRIES ASSOCIATION OF TEXAS
    415 NORTH GUADALUPE STREET
    SAN MARCOS,TX78666     		NONE PC CHALLENGE GRANT 45,000
    Total .................................bullet 3a 580,200
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aCATTLE, HORSE AND SHEEP SALES 111000       303,980
    bHUNTING INCOME 110000       16,000
    cLAND LEASE 110000       33,398
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 373,005  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     16 420,219  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -332,470  
    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).. 0 460,754 353,378
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    814,132
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		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.)
    1A CATTLE, HORSES AND SHEEP RAISED AS PART OF THE LAND SUSTIANABILITY
    1B HUNTING ALLOWED ON RANCH TO CULL WILDLIFE POPULATIONS
    1C LEASE OF THE LAND FOR AGRICULTURE
    Form 990-PF (2020)
    Form 990-PF (2020)
    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? ...........
    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.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 4,999 2,500   0

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    PONDS LEO 2005-12-31 7,132 4,641 SL 20.000000000000 357 0    
    PONDS LEO 2006-03-20 245 156 SL 20.000000000000 12 0    
    FENCES PIT 2006-09-19 850 599 150DB 20.000000000000 39 0    
    GREENHOUSE LEO 2007-03-13 7,002 4,375 SL 20.000000000000 350 0    
    RANCH HOUSE MIMS 2009-06-30 295,147 113,136 SL 27.500000000000 10,733 0    
    FENCES MIMS 2009-06-30 171,880 120,354 SL 15.000000000000 11,459 0    
    WATER TANKS & STORAGE MIMS 2009-06-30 275,411 192,853 SL 15.000000000000 18,361 0    
    FENCES MIMS 2010-06-30 57,374 36,350 SL 15.000000000000 3,825 0    
    RANCH HOUSE IMPROV MIMS 2010-06-30 2,929 1,190 SL 15.000000000000 195 0    
    IMPROVEMENTS MIMS 2011-09-30 21,578 12,231 SL 15.000000000000 1,439 0    
    IMPROVEMENTS MIMS 2011-06-30 256,660 145,483 SL 15.000000000000 17,111 0    
    COLUMBIA STREET HOUSE MIMS 2011-01-10 248,280 80,871 SL 27.500000000000 9,028 0    
    ROBERT WHITE WELL SERVICE MIMS 2011-10-14 4,971 2,731 SL 15.000000000000 331 0    
    IMPROVEMENTS COLUMBIA HOUSE MIMS 2012-06-30 9,290 4,647 SL 15.000000000000 619 0    
    PAVILLION COSTS LEO 2012-09-30 104,438 19,528 SL 39.000000000000 2,678 0    
    IMPROVEMENTS LEO 2012-06-30 49,592 24,803 SL 15.000000000000 3,306 0    
    2012 FORD F35A TRUCK LEO 2012-06-16 40,531 40,531 SL 3.000000000000 0 0    
    POLARIS MULE LEO 2013-01-01 13,184 13,184 SL 7.000000000000 0 0    
    MOWER LEO 2013-01-01 7,097 7,097 SL 7.000000000000 0 0    
    RISING PLATE METER LEO 2013-01-01 778 778 SL 7.000000000000 0 0    
    PORTABLE CORRALS LEO 2013-01-01 9,439 9,436 SL 7.000000000000 3 0    
    USED PATIO FURNITURE MIMS 2013-03-20 1,300 1,209 SL 7.000000000000 91 0    
    KUBOTA TRACTOR MIMS 2013-03-05 28,000 26,000 SL 7.000000000000 2,000 0    
    KUBOTA TRACTOR LOADER MIMS 2013-04-08 17,000 15,787 SL 7.000000000000 1,213 0    
    IMPROVEMENTS COLUMBIA HOUSE MIMS 2013-06-01 264,759 114,754 SL 15.000000000000 17,651 0    
    IMPROVEMENTS LEO 2013-06-01 32,342 14,017 SL 15.000000000000 2,156 0    
    PAVILLION COSTS LEO 2013-06-01 1,186,082 198,966 SL 39.000000000000 30,412 0    
    BOB'S CUSTOM HOMES MIMS 2013-11-05 55,000 12,250 SL 27.500000000000 2,000 0    
    IMPROVEMENTS MIMS 2013-06-01 96,793 41,953 SL 15.000000000000 6,453 0    
    COLUMBIA STREET HOUSE MIMS 2013-06-01 3,568 3,315 SL 7.000000000000 253 0    
    F150 FORD TRUCK LEO 2013-03-14 29,499 29,499 SL 5.000000000000 0 0    
    IMPROVEMENTS LEO 2014-06-01 13,824 5,071 SL 15.000000000000 922 0    
    2014 FORD PICKUP MIMS 2014-02-10 42,541 42,541 SL 5.000000000000 0 0    
    IMPROVEMENTS LEO 2014-06-01 99,470 36,471 SL 15.000000000000 6,631 0    
    IMPROVEMENTS MIMS 2014-06-01 18,480 6,776 SL 15.000000000000 1,232 0    
    PAVILLION COSTS LEO 2014-06-30 1,073,596 151,404 SL 39.000000000000 27,528 0    
    IMPROVEMENTS LEO 2014-06-30 41,893 15,361 SL 15.000000000000 2,793 0    
    RANCH HOUSE MIMS CASEY HOUSE 2014-06-30 197,472 39,495 SL 27.500000000000 7,181 0    
    IMPROVEMENTS PIT 2014-06-30 2,945 1,078 SL 15.000000000000 196 0    
    1995 STOCK TRAILER MIMS 2015-08-17 5,300 3,406 SL 7.000000000000 757 0    
    JOHN DEERE TRACTOR LEO 2015-04-30 35,762 20,436 SL 7.000000000000 5,109 0    
    ELECTRIC REPAIRS LEO 2015-08-17 1,113 173 SL 27.500000000000 40 0    
    ADDITIONS KENNEDY 2015-06-30 4,694 3,019 SL 7.000000000000 671 0    
    ADDITIONS LEO 2015-06-30 23,522 15,121 SL 7.000000000000 3,360 0    
    ADDITIONS LEO PAVILLION 2015-06-30 6,098 3,919 SL 7.000000000000 871 0    
    ADDITIONS MIMMS 2015-06-30 7,983 5,132 SL 7.000000000000 1,140 0    
    RANCH HOUSE IMPROV MIMMS 2015-06-30 16,365 2,702 SL 27.500000000000 595 0    
    FENCES PIT 2015-07-20 16,881 10,853 SL 7.000000000000 2,412 0    
    DOZIER WORK PIT 2015-07-20 1,100 707 SL 7.000000000000 157 0    
    2016 ADDITIONS HEARD 2016-06-30 19,806 9,902 SL 7.000000000000 2,829 0    
    2016 IMPROVEMENTS HEARD 2016-06-30 49,666 11,589 SL 15.000000000000 3,311 0    
    2017 ADDITIONS FOREMAN 2017-06-30 10,027 4,905 SL 5.000000000000 2,005 0    
    CATTLE PURCHASED 2018-06-30 17,000 3,643 SL 7.000000000000 2,429 0    
    SHEEP PURCHASED 2018-06-30 3,120 669 SL 7.000000000000 446 0    
    CATTLE PURCHASED 2019-06-30 23,001 1,643 SL 7.000000000000 3,286 0    
    DOG 2019-06-30 1,200 86 SL 7.000000000000 171 0    
    SHEEP PURCHASED 2019-06-30 3,900 279 SL 7.000000000000 557 0    
    BLOCK HOUSE 2019-12-15 124,884 3,122 SL 20.000000000000 6,244 0    
    CRANDALL PROPERTY 2019-06-15 1,316,898   L   0 0    
    FENCING FOREMAN PROPERTY 2019-06-30 76,483 5,463 SL 7.000000000000 10,926 0    
    HEARD WALKOVER 2019-06-30 4,743 339 SL 7.000000000000 678 0    
    JOSEY PAVILION 2019-04-15 1,000 71 SL 7.000000000000 143 0    
    LEO PROPERTY IMPROV 2019-06-30 19,698 657 SL 15.000000000000 1,313 0    
    WELL HOUSE PAD PITTMAN PROPERTY 2019-05-17 5,500 183 SL 15.000000000000 367 0    
    GEORGE RANCH PROPERTY 2019-06-30 5,631,719   L   0 0    
    GEORGE RANCH HOUSE REMODEL 2019-06-30 79,789 1,995 SL 20.000000000000 3,989 0    
    MIMMS RANCH SPAYER 2019-06-30 6,002 429 SL 7.000000000000 857 0    
    2019 TOYOTA TACOMA 2019-07-30 35,755 3,576 SL 5.000000000000 7,151 0    
    FENCING STILLWATER 2020-04-30 8,747   SL 7.000000000000 625 0    
    MOWER LEO 2020-03-10 10,800   SL 5.000000000000 1,080 0    
    FENCING BLOCK PROPERTY 2020-02-01 69,620   SL 7.000000000000 4,973 0    
    STORAGE CONTAINER BLOCK PROPERTY 2020-03-01 5,625   SL 5.000000000000 563 0    
    BLOCK HOUSE ROOF 2020-07-08 27,400   SL 20.000000000000 685 0    
    FENCING FOREMAN RANCH 2020-08-07 112,410   SL 7.000000000000 8,029 0    
    FENCING HEARD RANCH 2020-07-30 5,160   SL 7.000000000000 369 0    
    FENCING LEO RANCH 2020-07-30 3,500   SL 7.000000000000 250 0    
    FENCING AND PENS GEORGE RANCH 2020-03-14 30,551   SL 7.000000000000 2,182 0    
    FENCING KENNEDY 2020-05-08 3,762   SL 7.000000000000 269 0    

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CHARLES SCHWAB INVESTMENT ACCOUNT 8,008 8,008

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BAYOU BEND PETROLEUM AT COST 16,500 16,500
    MINERAL INTERESTS AT COST 2,872,251 1,379,705
    PARTNERSHIPS AT COST 4,688 4,688

    TY 2020 LandEtcSchedule2
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    PONDS LEO 7,132 4,998 2,134  
    PONDS LEO 245 168 77  
    FENCES PIT 850 638 212  
    GREENHOUSE LEO 7,002 4,725 2,277  
    RANCH HOUSE MIMS 295,147 123,869 171,278  
    FENCES MIMS 171,880 131,813 40,067  
    WATER TANKS & STORAGE MIMS 275,411 211,214 64,197  
    FENCES MIMS 57,374 40,175 17,199  
    RANCH HOUSE IMPROV MIMS 2,929 1,385 1,544  
    IMPROVEMENTS MIMS 21,578 13,670 7,908  
    IMPROVEMENTS MIMS 256,660 162,594 94,066  
    COLUMBIA STREET HOUSE MIMS 248,280 89,899 158,381  
    ROBERT WHITE WELL SERVICE MIMS 4,971 3,062 1,909  
    IMPROVEMENTS COLUMBIA HOUSE MIMS 9,290 5,266 4,024  
    PAVILLION COSTS LEO 104,438 22,206 82,232  
    IMPROVEMENTS LEO 49,592 28,109 21,483  
    2012 FORD F35A TRUCK LEO 40,531 40,531 0  
    POLARIS MULE LEO 13,184 13,184 0  
    MOWER LEO 7,097 7,097 0  
    RISING PLATE METER LEO 778 778 0  
    PORTABLE CORRALS LEO 9,439 9,439 0  
    USED PATIO FURNITURE MIMS 1,300 1,300 0  
    KUBOTA TRACTOR MIMS 28,000 28,000 0  
    KUBOTA TRACTOR LOADER MIMS 17,000 17,000 0  
    IMPROVEMENTS COLUMBIA HOUSE MIMS 264,759 132,405 132,354  
    IMPROVEMENTS LEO 32,342 16,173 16,169  
    PAVILLION COSTS LEO 1,186,082 229,378 956,704  
    BOB'S CUSTOM HOMES MIMS 55,000 14,250 40,750  
    IMPROVEMENTS MIMS 96,793 48,406 48,387  
    COLUMBIA STREET HOUSE MIMS 3,568 3,568 0  
    F150 FORD TRUCK LEO 29,499 29,499 0  
    IMPROVEMENTS LEO 13,824 5,993 7,831  
    2014 FORD PICKUP MIMS 42,541 42,541 0  
    IMPROVEMENTS LEO 99,470 43,102 56,368  
    IMPROVEMENTS MIMS 18,480 8,008 10,472  
    PAVILLION COSTS LEO 1,073,596 178,932 894,664  
    IMPROVEMENTS LEO 41,893 18,154 23,739  
    RANCH HOUSE MIMS CASEY HOUSE 197,472 46,676 150,796  
    IMPROVEMENTS PIT 2,945 1,274 1,671  
    1995 STOCK TRAILER MIMS 5,300 4,163 1,137  
    JOHN DEERE TRACTOR LEO 35,762 25,545 10,217  
    ELECTRIC REPAIRS LEO 1,113 213 900  
    ADDITIONS KENNEDY 4,694 3,690 1,004  
    ADDITIONS LEO 23,522 18,481 5,041  
    ADDITIONS LEO PAVILLION 6,098 4,790 1,308  
    ADDITIONS MIMMS 7,983 6,272 1,711  
    RANCH HOUSE IMPROV MIMMS 16,365 3,297 13,068  
    FENCES PIT 16,881 13,265 3,616  
    DOZIER WORK PIT 1,100 864 236  
    2016 ADDITIONS HEARD 19,806 12,731 7,075  
    2016 IMPROVEMENTS HEARD 49,666 14,900 34,766  
    2017 ADDITIONS FOREMAN 10,027 6,910 3,117  
    CATTLE PURCHASED 17,000 6,072 10,928  
    SHEEP PURCHASED 3,120 1,115 2,005  
    CATTLE PURCHASED 23,001 4,929 18,072  
    DOG 1,200 257 943  
    SHEEP PURCHASED 3,900 836 3,064  
    BLOCK HOUSE 124,884 9,366 115,518  
    CRANDALL PROPERTY 1,316,898 0 1,316,898  
    FENCING FOREMAN PROPERTY 76,483 16,389 60,094  
    HEARD WALKOVER 4,743 1,017 3,726  
    JOSEY PAVILION 1,000 214 786  
    LEO PROPERTY IMPROV 19,698 1,970 17,728  
    WELL HOUSE PAD PITTMAN PROPERTY 5,500 550 4,950  
    GEORGE RANCH PROPERTY 5,631,719 0 5,631,719  
    GEORGE RANCH HOUSE REMODEL 79,789 5,984 73,805  
    MIMMS RANCH SPAYER 6,002 1,286 4,716  
    2019 TOYOTA TACOMA 35,755 10,727 25,028  
    FENCING STILLWATER 8,747 625 8,122  
    MOWER LEO 10,800 1,080 9,720  
    FENCING BLOCK PROPERTY 69,620 4,973 64,647  
    STORAGE CONTAINER BLOCK PROPERTY 5,625 563 5,062  
    BLOCK HOUSE ROOF 27,400 685 26,715  
    FENCING FOREMAN RANCH 112,410 8,029 104,381  
    FENCING HEARD RANCH 5,160 369 4,791  
    FENCING LEO RANCH 3,500 250 3,250  
    FENCING AND PENS GEORGE RANCH 30,551 2,182 28,369  
    FENCING KENNEDY 3,762 269 3,493  


    TY 2020 LegalFeesSchedule
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 72,528 72,528   0


    TY 2020 OtherAssetsSchedule
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    NOTE RECEIVABLE KEVIN REEVES 1,382,581 0 0
    NOTE RECEIVABLE BM318 LLC - BEAR CREEK RANCH INSTALLMENT SALE 26,452,900 0 0


    TY 2020 OtherExpensesSchedule
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EDUCATIONAL PROGRAM EXPENSE 40,295 0   40,295
    INSURANCE FOR EDUCATIONAL PROGRAMS 14,800 0   0
    INSURANCE OTHER THAN HEALTH 25,942 0   0
    OVERHEAD EXPENSES 130,189 0   0
    OTHER 13,961 0   0
    DIRECT COSTS OF OPERATING MIMMS RANCH 280,281 0   280,281
    DIRECT COSTS OF OPERATING LEO/PITTMANN/HEARD/FOREMAN RANCH 348,959 0   348,959


    TY 2020 OtherIncomeSchedule2
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTY 274,815 274,815 0
    WATER INJECTION 125,069 125,069 0
    LEASE 20,335 20,335 0
    CATTLE, HORSE AND SHEEP SALES 303,980   303,980
    HUNTING INCOME 16,000   16,000
    LAND LEASE 33,398   33,398


    TY 2020 OtherIncreasesSchedule
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Description Amount
    ADJUSTMENTS TO REFLECT BOOK VERSUS TAX 61,521


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL TAX 333 -100


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT 4,611 4,611   0
    CONSULTING FEES 9,137 9,137   0
    OTHER 5,095 0   0


    TY 2020 TaxesSchedule
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 21,065 0   0
    PROPERTY TAXES 15,827 15,827   0