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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
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$103,350,106J 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... 9 9  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 3,987,027
b Gross sales price for all assets on line 6a 5,281,450
7 Capital gain net income (from Part IV, line 2)... 3,973,207
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 1,020,031 680,708  
12 Total. Add lines 1 through 11........ 5,007,067 4,653,924  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 440,412 220,206   220,206
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 82,494 41,247   41,247
16a Legal fees (attach schedule)......... Click to see attachment 146,815 146,815   0
b Accounting fees (attach schedule)....... Click to see attachment 4,864 2,432   0
c Other professional fees (attach schedule).... Click to see attachment 7,185 7,185   0
17 Interest............... 13,215 0   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 46,979 14,629   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 306,939 0  
20 Occupancy.............. 62,840 0   0
21 Travel, conferences, and meetings....... 27,198 0   0
22 Printing and publications.......... 2,811 0   0
23 Other expenses (attach schedule)....... Click to see attachment 633,345 0   530,275
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,775,097 432,514   791,728
25 Contributions, gifts, grants paid....... 295,000 295,000
26 Total expenses and disbursements. Add lines 24 and 25 2,070,097 432,514   1,086,728
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,936,970
b Net investment income (if negative, enter -0-) 4,221,410
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 3,105,042 3,185,487 3,185,487
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.............. 844,150 846,400 846,400
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 8,008 Click to see attachment8,018 8,018
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet17,834,635
Less: accumulated depreciation (attach schedule) bullet   19,096,058 17,834,635 33,570,510
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,893,439 Click to see attachment2,893,439 1,400,893
14 Land, buildings, and equipment: basis bullet36,643,346
Less: accumulated depreciation (attach schedule) bullet2,611,983 31,121,595 Click to see attachment34,031,363 64,338,798
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 57,068,292 58,799,342 103,350,106
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)...... 1,210,870 4,950
22 Other liabilities (describe bullet) Click to see attachment-100 Click to see attachment-100
23 Total liabilities (add lines 17 through 22)......... 1,210,770 4,850
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 55,856,522 58,793,492
29 Total net assets or fund balances (see instructions)..... 55,857,522 58,794,492
30 Total liabilities and net assets/fund balances (see instructions). 57,068,292 58,799,342
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
55,857,522
2
Enter amount from Part I, line 27a .....................
2
2,936,970
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
58,794,492
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
58,794,492
Form 990-PF (2021)
Form 990-PF (2021)
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 6.1 ACRES BEAR CREEK D 2005-01-30 2021-03-23
b 204.5 ACRES BEAR CREEK D 2005-01-30 2021-04-28
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 153,750   37,116 116,634
b 5,112,500   1,255,927 3,856,573
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       116,634
b       3,856,573
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 3,973,207
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 58,678
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 58,678
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 25,286
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 25,286
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 33,392
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    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     		200,004 29,247 886
    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 14,623 1,000
    4528 COUNTY RD 398
    DECATUR,TX76234
    CASEY WADE VICE PRESIDENT
    40.00     		92,400 12,000 1,293
    P O BOX 177
    MARFA,TX79843
    RACHEL VASQUEZ VICE PRESIDENT - GRANTS
    40.00     		70,008 12,000 854
    4528 COUNTY RD 398
    DECATUR,TX76234
    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     		66,000 14,623 938
    217 COUNTY ROAD 334
    DECATUR,TX76234
    PHILIP BOYD DIRECTOR OF SCIENCE
    40.00     		60,000 14,623 300
    P O BOX 571
    MARFA,TX79843
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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 VIII-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 5,947
    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 147,150
    3  
    4  
    Part VIII-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. 2,933,798
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet2,933,798
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    8,008
    b
    Average of monthly cash balances.......................
    1b
    4,195,955
    c
    Fair market value of all other assets (see instructions)................
    1c
    34,971,403
    d
    Total (add lines 1a, b, and c).........................
    1d
    39,175,366
    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
    39,175,366
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    587,630
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    38,587,736
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,929,387
    Part X
    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 IX, line 6..................
    1
    1,929,387
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    58,678
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    58,678
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,870,709
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,870,709
    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 XII, line 1 ...
    7
    1,870,709
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 1,870,709
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018...... 1,961,434
    d From 2019...... 6,136,629
    e From 2020......  
    f Total of lines 3a through e ........ 8,098,063
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 4,020,526
    a Applied to 2020, 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 2021 distributable amount..... 1,870,709
    e Remaining amount distributed out of corpus 2,149,817
    5 Excess distributions carryover applied to 2021. 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 10,247,880
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		10,247,880
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018.... 1,961,434
    c Excess from 2019.... 6,136,629
    d Excess from 2020....  
    e Excess from 2021.... 2,149,817
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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 (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    HILL COUNTRY ALLIANCE
    115315 HIGHWAY 71 WEST
    AUSTIN,TX78738     		NONE PC HEADWATERS CHALLENGE 30,000
    HOLISTIC MANAGEMENT INTERNATIONAL
    2425 SAN PEDRO NE SUITE A
    ALBUQUERQUE,NM87110     		NONE PC LAND PROGRAM 75,000
    KIDS ON THE LAND
    4004 GATEWAY DR SUITE 180
    COLLEYVILLE,TX76034     		NONE PC YOUTH AND LAND PROGRAM 25,000
    MERIDIAN INSTITUTE
    P O BOX 1829
    DILLON,CO80435     		NONE PC REGENERATIVE AGRICULTURE GRANT 25,000
    NATIVE PRAIRIES ASSOCIATION OF TEXAS
    415 NORTH GUADALUPE STREET
    SAN MARCOS,TX78666     		NONE PC CHALLENGE GRANT 45,000
    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
    TEXAS WATER TRADE
    611 S CONGRESS AVE
    AUSTIN,TX78704     		NONE PC WATER LEASING PROGRAM 25,000
    TEXAS AGRICULTURAL LAND TRUST
    1919 OAKWELL FARMS PKWY 100
    SAN ANOTONIO,TX78218     		NONE PC LAND MANAGEMENT 25,000
    HEADWATERS AT INCARNATE WORD
    4503 BROADWAY
    SAN ANOTONIO,TX78209     		NONE PC WATER CONSERVATION 15,000
    Total .................................bullet 3a 295,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ...........     		         
    4 Dividends and interest from securities ....          
    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 ............     		110000 13,820     3,973,207
    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) .. 13,820 680,717 4,312,530
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,007,067
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 SUSTAINABILITY
    1B HUNTING ALLOWED ON RANCH TO CULL WILDLIFE POPULATIONS
    1C LEASE OF THE LAND FOR AGRICULTURE
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 4,864 2,432   0

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    TY 2021 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 4,998 SL 20.000000000000 357 0    
    PONDS LEO 2006-03-20 245 168 SL 20.000000000000 12 0    
    FENCES PIT 2006-09-19 850 638 150DB 20.000000000000 39 0    
    GREENHOUSE LEO 2007-03-13 7,002 4,725 SL 20.000000000000 350 0    
    RANCH HOUSE MIMS 2009-06-30 295,147 123,869 SL 27.500000000000 10,733 0    
    FENCES MIMS 2009-06-30 171,880 131,813 SL 15.000000000000 11,459 0    
    WATER TANKS & STORAGE MIMS 2009-06-30 275,411 211,214 SL 15.000000000000 18,361 0    
    FENCES MIMS 2010-06-30 57,374 40,175 SL 15.000000000000 3,825 0    
    RANCH HOUSE IMPROV MIMS 2010-06-30 2,929 1,385 SL 15.000000000000 195 0    
    IMPROVEMENTS MIMS 2011-09-30 21,578 13,670 SL 15.000000000000 1,439 0    
    IMPROVEMENTS MIMS 2011-06-30 256,660 162,594 SL 15.000000000000 17,111 0    
    COLUMBIA STREET HOUSE MIMS 2011-01-10 248,280 89,899 SL 27.500000000000 9,028 0    
    ROBERT WHITE WELL SERVICE MIMS 2011-10-14 4,971 3,062 SL 15.000000000000 331 0    
    IMPROVEMENTS COLUMBIA HOUSE MIMS 2012-06-30 9,290 5,266 SL 15.000000000000 619 0    
    PAVILLION COSTS LEO 2012-09-30 104,438 22,206 SL 39.000000000000 2,678 0    
    IMPROVEMENTS LEO 2012-06-30 49,592 28,109 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 9,439 SL 7.000000000000 0 0    
    USED PATIO FURNITURE MIMS 2013-03-20 1,300 1,300 SL 7.000000000000 0 0    
    KUBOTA TRACTOR MIMS 2013-03-05 28,000 28,000 SL 7.000000000000 0 0    
    KUBOTA TRACTOR LOADER MIMS 2013-04-08 17,000 17,000 SL 7.000000000000 0 0    
    IMPROVEMENTS COLUMBIA HOUSE MIMS 2013-06-01 264,759 132,405 SL 15.000000000000 17,651 0    
    IMPROVEMENTS LEO 2013-06-01 32,342 16,173 SL 15.000000000000 2,156 0    
    PAVILLION COSTS LEO 2013-06-01 1,186,082 229,378 SL 39.000000000000 30,412 0    
    BOB'S CUSTOM HOMES MIMS 2013-11-05 55,000 14,250 SL 27.500000000000 2,000 0    
    IMPROVEMENTS MIMS 2013-06-01 96,793 48,406 SL 15.000000000000 6,453 0    
    COLUMBIA STREET HOUSE MIMS 2013-06-01 3,568 3,568 SL 7.000000000000 0 0    
    F150 FORD TRUCK LEO 2013-03-14 29,499 29,499 SL 5.000000000000 0 0    
    IMPROVEMENTS LEO 2014-06-01 13,824 5,993 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 43,102 SL 15.000000000000 6,631 0    
    IMPROVEMENTS MIMS 2014-06-01 18,480 8,008 SL 15.000000000000 1,232 0    
    PAVILLION COSTS LEO 2014-06-30 1,073,596 125,217 SL 39.000000000000 27,528 0    
    IMPROVEMENTS LEO 2014-06-30 41,893 18,154 SL 15.000000000000 2,793 0    
    RANCH HOUSE MIMS CASEY HOUSE 2014-06-30 197,472 46,676 SL 27.500000000000 7,181 0    
    IMPROVEMENTS PIT 2014-06-30 2,945 1,274 SL 15.000000000000 196 0    
    1995 STOCK TRAILER MIMS 2015-08-17 5,300 4,163 SL 7.000000000000 757 0    
    JOHN DEERE TRACTOR LEO 2015-04-30 35,762 25,545 SL 7.000000000000 5,109 0    
    ELECTRIC REPAIRS LEO 2015-08-17 1,113 213 SL 27.500000000000 40 0    
    ADDITIONS KENNEDY 2015-06-30 4,694 3,690 SL 7.000000000000 671 0    
    ADDITIONS LEO 2015-06-30 23,522 18,481 SL 7.000000000000 3,360 0    
    ADDITIONS LEO PAVILLION 2015-06-30 6,098 4,790 SL 7.000000000000 871 0    
    ADDITIONS MIMMS 2015-06-30 7,983 6,272 SL 7.000000000000 1,140 0    
    RANCH HOUSE IMPROV MIMMS 2015-06-30 16,365 3,297 SL 27.500000000000 595 0    
    FENCES PIT 2015-07-20 16,881 13,265 SL 7.000000000000 2,412 0    
    DOZIER WORK PIT 2015-07-20 1,100 864 SL 7.000000000000 157 0    
    2016 ADDITIONS HEARD 2016-06-30 19,806 12,731 SL 7.000000000000 2,829 0    
    2016 IMPROVEMENTS HEARD 2016-06-30 49,666 14,900 SL 15.000000000000 3,311 0    
    2017 ADDITIONS FOREMAN 2017-06-30 10,027 6,910 SL 5.000000000000 2,005 0    
    CATTLE PURCHASED 2018-06-30 17,000 6,072 SL 7.000000000000 2,429 0    
    SHEEP PURCHASED 2018-06-30 3,120 1,115 SL 7.000000000000 446 0    
    CATTLE PURCHASED 2019-06-30 23,001 4,929 SL 7.000000000000 3,286 0    
    DOG 2019-06-30 1,200 257 SL 7.000000000000 171 0    
    SHEEP PURCHASED 2019-06-30 3,900 836 SL 7.000000000000 557 0    
    BLOCK HOUSE 2019-12-15 124,884 9,366 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 16,389 SL 7.000000000000 10,926 0    
    HEARD WALKOVER 2019-06-30 4,743 1,017 SL 7.000000000000 678 0    
    JOSEY PAVILION 2019-04-15 1,000 214 SL 7.000000000000 143 0    
    LEO PROPERTY IMPROV 2019-06-30 19,698 1,970 SL 15.000000000000 1,313 0    
    WELL HOUSE PAD PITTMAN PROPERTY 2019-05-17 5,500 550 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 5,984 SL 20.000000000000 3,989 0    
    MIMMS RANCH SPAYER 2019-06-30 6,002 1,286 SL 7.000000000000 857 0    
    2019 TOYOTA TACOMA 2019-07-30 35,755 10,727 SL 5.000000000000 7,151 0    
    FENCING STILLWATER 2020-04-30 8,747 625 SL 7.000000000000 1,250 0    
    MOWER LEO 2020-03-10 10,800 1,080 SL 5.000000000000 2,160 0    
    FENCING BLOCK PROPERTY 2020-02-01 69,620 4,973 SL 7.000000000000 9,946 0    
    STORAGE CONTAINER BLOCK PROPERTY 2020-03-01 5,625 563 SL 5.000000000000 1,125 0    
    BLOCK HOUSE ROOF 2020-07-08 27,400 685 SL 20.000000000000 1,370 0    
    FENCING FOREMAN RANCH 2020-08-07 112,410 8,029 SL 7.000000000000 16,059 0    
    FENCING HEARD RANCH 2020-07-30 5,160 369 SL 7.000000000000 737 0    
    FENCING LEO RANCH 2020-07-30 3,500 250 SL 7.000000000000 500 0    
    FENCING AND PENS GEORGE RANCH 2020-03-14 30,551 2,182 SL 7.000000000000 4,364 0    
    FENCING KENNEDY 2020-05-08 3,762 269 SL 7.000000000000 537 0    
    SHEEP PURCHASED HODGES 2021-07-01 2,250   SL 7.000000000000 161 0    
    2021 DODGE RAM BEAR CREEK 2021-05-18 59,869   SL 5.000000000000 5,987 0    
    FENCING CRANDALL RANCH 2021-07-01 108,440   SL 7.000000000000 7,746 0    
    FENCING FOREMAN RANCH 2021-07-01 66,945   SL 7.000000000000 4,782 0    
    FENCING HEARD RANCH 2021-07-01 27,204   SL 7.000000000000 1,943 0    
    FENCES GEORGE RANCH 2021-07-01 20,442   SL 7.000000000000 1,460 0    
    VARIOUS RANCH EQUIPMENT 2005-01-01 384,422 384,422 SL 7.000000000000 0 0    
    KNIGHT PROPERTY 2021-08-27 2,933,798   L   0 0    
    ADJUSTMENTS TO LAND COSTS 2005-01-01 20,425,020   L   0 0    

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    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    SALE OF EQUIPMENT 2015-01 PURCHASED 2021-07   15,200   COST 1,380 13,820  

    TY 2021 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 8,018 8,018

    TY 2021 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 2021 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 5,355 1,777  
    PONDS LEO 245 180 65  
    FENCES PIT 850 677 173  
    GREENHOUSE LEO 7,002 5,075 1,927  
    RANCH HOUSE MIMS 295,147 134,602 160,545  
    FENCES MIMS 171,880 143,272 28,608  
    WATER TANKS & STORAGE MIMS 275,411 229,575 45,836  
    FENCES MIMS 57,374 44,000 13,374  
    RANCH HOUSE IMPROV MIMS 2,929 1,580 1,349  
    IMPROVEMENTS MIMS 21,578 15,109 6,469  
    IMPROVEMENTS MIMS 256,660 179,705 76,955  
    COLUMBIA STREET HOUSE MIMS 248,280 98,927 149,353  
    ROBERT WHITE WELL SERVICE MIMS 4,971 3,393 1,578  
    IMPROVEMENTS COLUMBIA HOUSE MIMS 9,290 5,885 3,405  
    PAVILLION COSTS LEO 104,438 24,884 79,554  
    IMPROVEMENTS LEO 49,592 31,415 18,177  
    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 264,759 150,056 114,703  
    IMPROVEMENTS LEO 32,342 18,329 14,013  
    PAVILLION COSTS LEO 1,186,082 259,790 926,292  
    BOB'S CUSTOM HOMES MIMS 55,000 16,250 38,750  
    IMPROVEMENTS MIMS 96,793 54,859 41,934  
    COLUMBIA STREET HOUSE MIMS 3,568 3,568 0  
    F150 FORD TRUCK LEO 29,499 29,499 0  
    IMPROVEMENTS LEO 13,824 6,915 6,909  
    2014 FORD PICKUP MIMS 42,541 42,541 0  
    IMPROVEMENTS LEO 99,470 49,733 49,737  
    IMPROVEMENTS MIMS 18,480 9,240 9,240  
    PAVILLION COSTS LEO 1,073,596 152,745 920,851  
    IMPROVEMENTS LEO 41,893 20,947 20,946  
    RANCH HOUSE MIMS CASEY HOUSE 197,472 53,857 143,615  
    IMPROVEMENTS PIT 2,945 1,470 1,475  
    1995 STOCK TRAILER MIMS 5,300 4,920 380  
    JOHN DEERE TRACTOR LEO 35,762 30,654 5,108  
    ELECTRIC REPAIRS LEO 1,113 253 860  
    ADDITIONS KENNEDY 4,694 4,361 333  
    ADDITIONS LEO 23,522 21,841 1,681  
    ADDITIONS LEO PAVILLION 6,098 5,661 437  
    ADDITIONS MIMMS 7,983 7,412 571  
    RANCH HOUSE IMPROV MIMMS 16,365 3,892 12,473  
    FENCES PIT 16,881 15,677 1,204  
    DOZIER WORK PIT 1,100 1,021 79  
    2016 ADDITIONS HEARD 19,806 15,560 4,246  
    2016 IMPROVEMENTS HEARD 49,666 18,211 31,455  
    2017 ADDITIONS FOREMAN 10,027 8,915 1,112  
    CATTLE PURCHASED 17,000 8,501 8,499  
    SHEEP PURCHASED 3,120 1,561 1,559  
    CATTLE PURCHASED 23,001 8,215 14,786  
    DOG 1,200 428 772  
    SHEEP PURCHASED 3,900 1,393 2,507  
    BLOCK HOUSE 124,884 15,610 109,274  
    CRANDALL PROPERTY 1,316,898 0 1,316,898  
    FENCING FOREMAN PROPERTY 76,483 27,315 49,168  
    HEARD WALKOVER 4,743 1,695 3,048  
    JOSEY PAVILION 1,000 357 643  
    LEO PROPERTY IMPROV 19,698 3,283 16,415  
    WELL HOUSE PAD PITTMAN PROPERTY 5,500 917 4,583  
    GEORGE RANCH PROPERTY 5,631,719 0 5,631,719  
    GEORGE RANCH HOUSE REMODEL 79,789 9,973 69,816  
    MIMMS RANCH SPAYER 6,002 2,143 3,859  
    2019 TOYOTA TACOMA 35,755 17,878 17,877  
    FENCING STILLWATER 8,747 1,875 6,872  
    MOWER LEO 10,800 3,240 7,560  
    FENCING BLOCK PROPERTY 69,620 14,919 54,701  
    STORAGE CONTAINER BLOCK PROPERTY 5,625 1,688 3,937  
    BLOCK HOUSE ROOF 27,400 2,055 25,345  
    FENCING FOREMAN RANCH 112,410 24,088 88,322  
    FENCING HEARD RANCH 5,160 1,106 4,054  
    FENCING LEO RANCH 3,500 750 2,750  
    FENCING AND PENS GEORGE RANCH 30,551 6,546 24,005  
    FENCING KENNEDY 3,762 806 2,956  
    SHEEP PURCHASED HODGES 2,250 161 2,089  
    2021 DODGE RAM BEAR CREEK 59,869 5,987 53,882  
    FENCING CRANDALL RANCH 108,440 7,746 100,694  
    FENCING FOREMAN RANCH 66,945 4,782 62,163  
    FENCING HEARD RANCH 27,204 1,943 25,261  
    FENCES GEORGE RANCH 20,442 1,460 18,982  
    VARIOUS RANCH EQUIPMENT 384,422 384,422 0  
    KNIGHT PROPERTY 2,933,798 0 2,933,798  
    ADJUSTMENTS TO LAND COSTS 20,425,020 0 20,425,020  


    TY 2021 LegalFeesSchedule
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 146,815 146,815   0


    TY 2021 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 153,097 0   153,097
    INSURANCE OTHER THAN HEALTH 41,388 0   0
    OVERHEAD EXPENSES 60,078 0   0
    OTHER 1,604 0   0
    DIRECT COSTS OF OPERATING MIMMS RANCH 136,493 0   136,493
    DIRECT COSTS OF OPERATING LEO/PITTMANN/HEARD/FOREMAN RANCH 240,685 0   240,685


    TY 2021 OtherIncomeSchedule2
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTY 545,173 545,173 545,173
    WATER INJECTION 23,724 23,724 23,724
    LEASE 111,811 111,811 111,811
    CATTLE, HORSE AND SHEEP SALES 280,323   280,323
    HUNTING INCOME 14,750   14,750
    LAND LEASE 44,250   44,250


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL TAX -100 -100


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT 153 153   0
    CONSULTING FEES 7,032 7,032   0


    TY 2021 TaxesSchedule
    Name:
    THE DIXON WATER FOUNDATION
    EIN:
    75-2521176
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 32,350 0   0
    PROPERTY TAXES 14,629 14,629   0