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
INMAN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)3200 RIVA RIDGE RD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
AUSTIN, TX78746
A Employer identification number

74-2833552
B Telephone number (see instructions)

(512) 370-3200
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$2,565,866J 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 474 474  
4 Dividends and interest from securities... 47,611 47,611  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -56,800
b Gross sales price for all assets on line 6a 1,085,459
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).......      
12 Total. Add lines 1 through 11........ -8,715 48,085  
Operating and Administrative Expenses 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)....... Click to see attachment 8,426 2,781   5,645
c Other professional fees (attach schedule).... Click to see attachment 27,110 27,110   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 23 23   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 30 30   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 35,589 29,944   5,645
25 Contributions, gifts, grants paid....... 120,500 120,500
26 Total expenses and disbursements. Add lines 24 and 25 156,089 29,944   126,145
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -164,804
b Net investment income (if negative, enter -0-) 18,141
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.............      
2 Savings and temporary cash investments......... 126,407 95,753 95,753
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..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 90,885 0 0
b Investments—corporate stock (attach schedule)....... 2,041,854 Click to see attachment1,986,000 2,424,951
c Investments—corporate bonds (attach schedule)....... 26,181 Click to see attachment39,030 45,162
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,285,327 2,120,783 2,565,866
Liabilities 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 bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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........ 3,952,433 3,952,433
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -1,667,106 -1,831,650
29 Total net assets or fund balances (see instructions)..... 2,285,327 2,120,783
30 Total liabilities and net assets/fund balances (see instructions). 2,285,327 2,120,783
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
2,285,327
2
Enter amount from Part I, line 27a .....................
2
-164,804
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
260
4
Add lines 1, 2, and 3 ..........................
4
2,120,783
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
2,120,783
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 PUBLICLY TRADED SECURITIES - 9845 P    
b PUBLICLY TRADED SECURITIES - H857 P    
c CAPITAL GAINS DIVIDENDS P    
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 719,709   752,267 -32,558
b 365,505   389,992 -24,487
c 245     245
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       -32,558
b       -24,487
c       245
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 -56,800
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................................ 1 252
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........................... 3 252
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- ..... 5 252
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,900
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 2,900
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 2,648
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet2,648 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 addressbulletN/A
    14
    The books are in care ofbulletBOBBY R INMAN Telephone no.bullet (512) 370-3200

    Located atbullet3200 RIVA RIDGE RDAUSTINTX ZIP+4bullet78746
    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
     
     
    ........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
    BOBBY R INMAN PRESIDENT/TREASURER
    0.00     		0 0 0
    3200 RIVA RIDGE RD
    AUSTIN,TX78746
    THOMAS C INMAN VICE PRESIDENT
    0.00     		0 0 0
    3200 RIVA RIDGE RD
    AUSTIN,TX78746
    WILLIAM C INMAN VICE PRESIDENT
    0.00     		0 0 0
    3200 RIVA RIDGE RD
    AUSTIN,TX78746
    NANCY INMAN SECRETARY
    0.00     		0 0 0
    3200 RIVA RIDGE RD
    AUSTIN,TX78746
    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...................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 N/A 0
    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.........................bullet0
    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
    2,114,793
    b
    Average of monthly cash balances.......................
    1b
    283,929
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,398,722
    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
    2,398,722
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    35,981
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,362,741
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    118,137
    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
    118,137
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    252
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    252
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    117,885
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    117,885
    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
    117,885
    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
    126,145
    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
    126,145
    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
    126,145
    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 7 117,885
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 120,968
    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......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 126,145
    a Applied to 2019, but not more than line 2a 120,968
    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..... 5,177
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (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 0
    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 ..........     		112,708
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    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).)
    BOBBY R INMAN
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    ARMSTRONG COMMUNITY MUSIC SCHOOL
    404 CAMP CRAFT ROAD
    AUSTIN,TX78746     		NONE EXEMPT TO PROVIDE EXCELLENCE IN MUSIC INSTRUCTIONS 2,000
    CARITAS OF AUSTIN
    PO BOX 1947
    AUSTIN,TX787671947     		NONE EXEMPT PROVIDE ASSISTANCE TO THE NEEDY AND HOMELESS 5,000
    CENTER FOR EXCELLENCE IN EDUCATION
    8201 GREENSBORO DR STE 215
    MCLEAN,VA22102     		NONE EXEMPT EDUCATION 2,500
    CENTRAL TEXAS FOOD BANK
    6500 METROPOLIS DR
    AUSTIN,TX78744     		NONE EXEMPT TO NOURISH HUNGRY PEOPLE AND LEAD THE COMMUNITY IN THE FIGHT AGAINST HUNGER 5,000
    CLAREMONT GRADUATE UNIVERSITY
    165 EAST TENTH STREET
    CLAREMONT,CA91711     		NONE EXEMPT EDUCATION 1,000
    CYSTIC FIBROSIS FOUNDATION
    3316 BEE CAVES ROAD
    WEST LAKE HILLS,TX78746     		NONE EXEMPT FUND LIFESAVING RESEARCH & WORK TO PROVIDE ACCESS TO QUALITY CARE & TREATMENT FOR CF 5,000
    EASTERSEALS SERVING CENTRAL TEXAS
    1611 HEADWAY CIRCLE BLDG 2
    AUSTIN,TX78754     		NONE EXEMPT PROVIDE EXCEPTIONAL SERVICES SO POPLE WITH DISABILITIES CAN PARTICIPATE IN THEIR COMMUNITIES 1,500
    EISENHOWER FOUNDATION
    200 SE 4TH ST PO BOX 295
    ABILENE,KS67410     		NONE EXEMPT TO HONOR AND CHAMPION THE REVELANCE TODAY OF THE LIFE AND LEADERSIP OF DWIGHT D. EISENHOWER 2,500
    FRIENDS OF LYNDON B JOHNSON NATIONAL HISTORICAL PARK
    PO BOX 1831 LADY BIRD LANE
    JOHNSON CITY,TX78636     		NONE EXEMPT TO ENHANCE AND HISTORICALLY PRESERVE THE PARK BY ATTACTING AND WELCOMING VISITORS IN ORDER TO CREATE A DYNAMIC FACILITY 1,000
    GERALD R FORD PRESIDENTIAL FOUNDATION
    303 PEARL STREET NW
    GRAND RAPIDS,MI49504     		NONE EXEMPT PRESIDENTIAL LIBRARY 500
    HELPING HAND HOME FOR CHILDREN
    3804 AVENUE B
    AUSTIN,TX78751     		NONE EXEMPT TO PROVIDE A NUTURING AND THERAPEUTIC HOME FOR CHILDREN AND TO RESTORE EACH CHILD TO A HEALTHY FAMILY SETTING 2,500
    JANE GOODALL INSTITUTE
    1595 SPRING HILL ROAD SUITE 550
    VIENNA,VA22182     		NONE EXEMPT SAVE CHIMPANZEES 5,000
    JUNIOR ACHIEVEMENT OF CENTRAL TEXAS
    PO BOX 684571
    AUSTIN,TX78768     		NONE EXEMPT PREPARES YOUNG PEOPLE TO SUCCEED IN A GLOBAL ECONOMY 1,000
    KEY TO CHANGE
    PO BOX 16787
    SEATTLE,WA98116     		NONE EXEMPT CHANGE COMMUNITY THROUGH MUSIC AND EDUCATION 5,000
    KLRU PUBLIC TELEVISION
    PO BOX 7158
    AUSTIN,TX78713     		NONE EXEMPT EDUCATIONAL TELEVISION 5,000
    LBJ FOUNDATION
    2313 RED RIVER STREET
    AUSTIN,TX78705     		NONE EXEMPT ASSIST IN PREPARING THE NEXT GENERATION OF LEADERS 45,000
    NAVAL AVIATION MUSEUM FOUNDATION
    PO BOX 33104 1750 RADFORD BLVD
    SUITE B
    NAS PENSACOLA,FL32508     		NONE EXEMPT EDUCATE THE PUBLIC 5,000
    NAVAL INTELLIGENCE PROFESSIONALS
    PO BOX 11579
    BURKE,VA220091579     		NONE EXEMPT PUBLIC EDUCATION AND THE IMPORTANCE OF NAVAL INTELLIGENCE AND INTELLIGENCE COMMUNITY ACTIVITIES 2,500
    PUBLIC AGENDA
    6 EAST 39TH STREET
    NEW YORK,NY10016     		NONE EXEMPT EXPLORE PUBLIC OPINION AND PROVIDE CITIZEN EDUCATION 2,500
    RAINFOREST PARTNERSHIP
    800 W 34TH ST SUITE - 105
    AUSTIN,TX78705     		NONE EXEMPT PROTECT AND REGENERATE TROPICAL RAINFORESTS 2,500
    SENTINELS OF FREEDOM SCHOLARSHIP FOUNDATION
    PO BOX 1316
    SAN RAMON,CA94583     		NONE EXEMPT ASSISTS SEVERLY WOUNDED AND INJURED POST 9/11 VETERANS SUCCESSFULLY COMPLETE HIGH EDUCATION 1,000
    SOUND OFF SUPPORTING VETERANS ON THEIR TERMS
    4040 BROADWAY SUITE 501
    SAN ANTONIO,TX78201     		NONE EXEMPT SUPPORT FOR VETERANS 2,500
    SOUTHWESTERN UNIVERSITY
    PO BOX 770
    GEORGETOWN,TX78627     		NONE EXEMPT EDUCATION 1,000
    ST JAMES SCHOOL
    17641 COLLEGE ROAD
    ST JAMES,MD21781     		NONE EXEMPT EDUCATION 1,000
    THE UNIVERSITY OF TEXAS AT AUSTIN
    1 UNIVERSITY STATION G1050
    AUSTIN,TX78712     		NONE EXEMPT EDUCATION 8,000
    ZACH THEATRE CAPITAL CAMPAIGN
    1510 TOOMEY ROAD
    AUSTIN,TX78704     		NONE EXEMPT FOSTERING ARTISTIC EDUCATION & EXPRESSION 5,000
    Total .................................bullet 3a 120,500
    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
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 474  
    4 Dividends and interest from securities....     14 47,611  
    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.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -56,800  
    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 -8,715 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -8,715
    (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.)
    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:
    INMAN FOUNDATION
    EIN:
    74-2833552
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 8,426 2,781   5,645

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    INMAN FOUNDATION
    EIN:
    74-2833552
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AVALONBAY COMNTYS INCORPORATED REIT 9,125 6,417
    CROWN CASTLE 6,495 10,825
    DIGITAL RLTY 16,953 19,810
    EXTRA SPACE STORAGE INC 6,457 8,110

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    INMAN FOUNDATION
    EIN:
    74-2833552
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS 8,311 11,058
    ACCENTURE PLC IRELAND SHS CLASS A 17,901 25,860
    ADVANCED MICRO DEVICES INC 39,891 41,086
    ALLSTATE CORPORATION 27,065 29,241
    AMAZON.COM INC 23,424 22,799
    AMEREN CORPORATION 11,696 12,490
    AMERICAN ELEC PWR COMPANY INCORPORATED 13,589 13,157
    ANALOG DEVICES INC 17,704 22,307
    APPLE INCORPORATED 17,187 51,484
    AT&T INCORPORATED 12,441 11,705
    AUTOMATIC DATA PROCESSING INCORPORATED 17,009 18,677
    AVANTOR INC 11,223 15,088
    AVERY DENNISON CORPORATION 7,923 9,927
    BANK AMER CORPORATION 41,585 44,616
    BAXTER INTERNATIONAL 10,379 11,314
    BEST BUY 7,696 7,384
    BLACKROCK INCORPORATED 10,896 18,760
    BRISTOL MYERS SQUIBB 18,755 24,564
    BROADCOM INCORPORATED 28,313 45,974
    CHEVRON CORPORATION NEW 43,335 31,753
    CHIPOTLE MEXICAN GRILL INC 22,660 22,187
    CHUBB LIMITED 28,501 30,014
    CISCO SYSTEMS INCORPORATED 29,978 41,081
    CITRIX SYSTEMS INC 9,698 9,497
    CME GROUP INCORPORATED 21,597 20,208
    CMS ENERGY CORPORATION 9,261 10,067
    COMCAST CORPORATION 38,904 48,837
    CONOCOPHILLIPS 13,462 8,918
    CUMMINS INCORPORATED 9,163 13,626
    DEERE & COMPANY 7,426 14,260
    DTE ENERGY COMPANY 5,611 8,134
    DUKE ENERGY CORPORATION NEW COM NEW 4,826 4,944
    EATON CORPORATION PLC SHS 13,254 16,699
    EBAY INCORPORATED 17,545 19,698
    EOG RES INCORPORATED 9,585 9,276
    EVERSOURCE ENERGY 10,610 12,457
    FIDELITY NATL INFORMATION 12,220 12,731
    FIRST TRUST DOW JONES INTERNET INDEX 27,984 31,748
    FIRST TRUST NASDAQ 100 27,733 33,827
    GILEAD SCIENCES 7,513 6,991
    HERSHEY COMPANY 8,147 9,444
    HOME DEPOT INCORPORATED 32,476 44,890
    HONEYWELL INTERNATIONAL 19,787 41,264
    INTERNATIONAL BUSINESS 37,011 35,372
    ISHARES NASDAQ 28,862 28,480
    ISHARES S&P MID CAP 28,035 31,488
    JOHNSON & JOHNSON 53,385 64,526
    JPMORGAN CHASE & COMPANY 48,392 57,817
    KIMBERLY CLARK 16,488 17,123
    KLA-TENCOR CORPORATION 12,286 30,551
    LAM RESEARCH 14,122 37,782
    LILLY ELI & COMPANY 18,572 27,014
    LOCKHEED MARTIN 38,751 39,403
    MARSH & MCLENNAN 23,834 29,133
    MCDONALDS CORPORATION 13,145 14,162
    MEDTRONIC PLC SHS 21,465 26,591
    MERCK & COMPANY 46,172 47,526
    MICROSOFT CORPORATION 37,143 66,726
    MONDELEZ INTERNATIONAL INC 11,007 12,630
    NEXTERA ENERGY CORP 11,267 17,590
    NORTHERN TR CORPORATION 20,356 20,398
    NORTHROP GRUMAN CORPORATION 13,388 11,884
    PACKAGING CORPORATION 3,640 5,654
    PARKER HANNIFIN CORPORATION 10,416 18,524
    PAYPAL HOLDINGS 28,278 31,149
    PEPSICO INCORPORATED 23,431 27,139
    PHILIP MORRIS 18,009 19,124
    PHILLIPS 66 8,603 8,952
    PINNACLE WEST CAP CORPORATION 4,843 5,037
    PNC FINL SVCS GROUP 22,193 27,416
    PRICE T ROWE 13,180 18,470
    PROCTER AND GAMBLE 27,536 37,011
    RINGCENTRAL INC 22,668 26,149
    SONOCO PRODUCTS 10,138 9,717
    SPDR S&P 500 ETF 27,363 31,780
    SPDR SERIES TRUST SPDR NYSE TECH ETF 58,170 59,791
    STARBUCKS 33,885 37,229
    TARGET 27,542 45,545
    TE CONNECTIVITY LIMITED REG SHS 8,337 11,623
    TECHNOLOGY INDEX ETF 55,330 66,428
    TEXAS INSTRS INCORPORATED 26,553 41,361
    TRUIST FINL CORPORATION 18,888 29,758
    UNION PACIFIC CORPORATION 38,916 48,515
    UNITED PARCEL SERVICE 15,210 20,040
    UNITEDHEALTH GROUP 19,132 27,704
    US BANCORP DEL COM NEW 21,196 19,987
    VANGUARD MEGA CAP GROWTH ETF 28,798 29,544
    VANGUARD SMALL CAP ETF 28,307 30,759
    VERIZON COMMUNICATIONS INC 23,304 22,913
    WALMART INCORPORATED 16,962 22,920
    WASTE MGMT INCORPORATED DEL 18,484 19,930
    WEC ENERGY GROUP 13,023 14,909
    WORKDAY INC. 22,368 23,482
    XCEL ENERGY INCORPORATED 12,295 14,267
    ZENDESK INC. 11,057 15,886

    TY 2020 OtherExpensesSchedule
    Name:
    INMAN FOUNDATION
    EIN:
    74-2833552
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 30 30   0


    TY 2020 OtherIncreasesSchedule
    Name:
    INMAN FOUNDATION
    EIN:
    74-2833552
    Description Amount
    PRIOR PERIOD ADJUSTMENT 260


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    INMAN FOUNDATION
    EIN:
    74-2833552
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVISORY FEE 27,110 27,110   0


    TY 2020 TaxesSchedule
    Name:
    INMAN FOUNDATION
    EIN:
    74-2833552
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 23 23   0