Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
THE SUMNERS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2201 WEST ROYAL LANE 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
IRVING, TX75063
A Employer identification number

75-2734032
B Telephone number (see instructions)

(214) 220-2128
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$69,238,256J 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) 59,438
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,427,018 1,427,018  
4 Dividends and interest from securities... 1,265,214 1,265,214  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 402,385
b Gross sales price for all assets on line 6a 8,202,425
7 Capital gain net income (from Part IV, line 2)... 402,385
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
List of Attached Documents:
// Content
1,760,595 1,067,611  
12 Total. Add lines 1 through 11........ 4,914,650 4,162,228  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 535,238 80,285   454,953
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 136,418 20,463   115,955
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,756 439   1,317
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
90,348 22,587   67,761
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
273,111 4,174   23,651
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
112,907 112,907  
20 Occupancy.............. 67,852 16,963   50,889
21 Travel, conferences, and meetings....... 44,069 11,017   33,052
22 Printing and publications.......... 3,595 899   2,696
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
970,922 848,292   122,629
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,236,216 1,118,026   872,903
25 Contributions, gifts, grants paid....... 2,689,297 2,689,297
26 Total expenses and disbursements. Add lines 24 and 25 4,925,513 1,118,026   3,562,200
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -10,863
b Net investment income (if negative, enter -0-) 3,044,202
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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............. 817,006 188,762 188,762
2 Savings and temporary cash investments......... 3,060,283 459,959 459,959
3 Accounts receivable right arrow1,340,899
Less: allowance for doubtful accounts right arrow   34,711 1,340,899 1,340,899
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 14,377 10,419 10,419
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 35,594,641 Click to see attachment
List of Attached Documents:
// Content
38,814,935 		38,814,935
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow279,402
Less: accumulated depreciation (attach schedule) right arrow   279,402 Click to see attachment
List of Attached Documents:
// Content
279,402 		279,402
12 Investments—mortgage loans............. 418,612    
13 Investments—other (attach schedule).......... 31,819,723 Click to see attachment
List of Attached Documents:
// Content
27,963,884 		27,963,884
14 Land, buildings, and equipment: basis right arrow36,219
Less: accumulated depreciation (attach schedule) right arrow7,316 33,362 Click to see attachment
List of Attached Documents:
// Content
28,903 		28,903
15 Other assets (describe right arrow)   Click to see attachment
List of Attached Documents:
// Content
151,093 		Click to see attachment
List of Attached Documents:
// Content
151,093
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 72,072,117 69,238,256 69,238,256
Liabilities 17 Accounts payable and accrued expenses.......... 169  
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
145,831 		Click to see attachment
List of Attached Documents:
// Content
513,119
23 Total liabilities (add lines 17 through 22)......... 146,000 513,119
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 71,926,117 68,725,137
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 71,926,117 68,725,137
30 Total liabilities and net assets/fund balances (see instructions). 72,072,117 69,238,256
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
71,926,117
2
Enter amount from Part I, line 27a .....................
2
-10,863
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
71,915,254
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
3,190,117
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
68,725,137
Form 990-PF (2022)
Form 990-PF (2022)
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.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 402,385
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 (2022)
Form 990-PF (2022)
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 right arrow 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) 1 42,314
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  
3 Add lines 1 and 2........................... 3 42,314
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 42,314
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 49,618
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 49,618
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 7,304
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow7,304 Refundedright arrow 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. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowTX
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 2022 or the taxable year beginning in 2022? 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 (2022)
Form 990-PF (2022)
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 addressright arrowWWW.SUMNERSFOUNDATION.ORG
14
The books are in care ofright arrowCHARLES PIERSON Telephone no.right arrow (214) 220-2128

Located atright arrow2201 WEST ROYAL LANE 100IRVINGTX ZIP+4right arrow75063
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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 right arrow
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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
Yes
 
b
If "Yes," did it have excess business holdings in 2022 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 2022.) .....................
3b
 
No
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
DAVID G DRUMM Treasurer
2.00 		18,050    
2201 WEST ROYAL LANE 100
IRVING,TX75063
JERRY D REIS Chairman
2.00 		16,000    
6012 W CAMPUS CIRCLE DR 210
IRVING,TX75063
LON R WILLIAMS VICE CHAIRMAN
2.00 		24,000    
2501 N HARWOOD SUITE 1900
DALLAS,TX75201
SCOTT M HIGGINBOTHAM Director
2.00 		20,000    
125 BELLAIRE AVENUE
DUMAS,TX79029
WILLIAM W MEADOWS Director
2.00 		10,000    
421 W 3RD STREET SUITE 800
FORT WORTH,TX76102
BETH VAN DUYNE Director
2.00 		0    
2201 WEST ROYAL LANE 100
IRVING,TX75063
BRANT C MARTIN Director
2.00 		11,500    
2201 WEST ROYAL LANE 100
IRVING,TX75063
T Charles Pierson Executive Dir.
40.00 		240,000 70,882  
2201 WEST ROYAL LANE 100
IRVING,TX75063
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
JANEMARIE CLARK EXEC. ASSISTANT
40.00 		73,000 30,293  
2201 WEST ROYAL LANE 100
IRVING,TX75063
EILEEN RESNIK PROGRAM DIRECTOR
40.00 		108,200 42,713  
2201 WEST ROYAL LANE 100
IRVING,TX75063
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2022)
Form 990-PF (2022)
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.............right arrow  
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  
2  
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  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2022)
Form 990-PF (2022)
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
30,961,322
b
Average of monthly cash balances.......................
1b
6,448,602
c
Fair market value of all other assets (see instructions)................
1c
29,774,600
d
Total (add lines 1a, b, and c).........................
1d
67,184,524
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
 
3
Subtract line 2 from line 1d.........................
3
67,184,524
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,007,768
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
66,176,756
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,308,838
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
3,308,838
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
42,314
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
42,314
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,266,524
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
3,266,524
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,266,524
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
3,562,200
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
3,562,200
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 3,266,524
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 3,311,321
b Total for prior years:20, 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 3,562,200
a Applied to 2021, but not more than line 2a 3,311,321
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2022 distributable amount..... 250,879
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2022.    
(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  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		3,015,645
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022....  
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
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 right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
CHARLES PIERSON
2201 WEST ROYAL LANE 100
IRVING,TX75063
(214) 220-2128
CHARLES@SUMNERSFOUNDATION.ORG
bThe form in which applications should be submitted and information and materials they should include:
LETTER, RESUME OF ORGANIZATION OR PERSON AND OTHER SUPPORTING MATERIAL.
cAny submission deadlines:
VARIOUS
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
AWARDS ARE LIMITED TO THE STUDY AND TEACHING OF THE SCIENCE OF SELF-GOVERNMENT.
Form 990-PF (2022)
Form 990-PF (2022)
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

BAYLOR UNIVERSITY

1311 S 5TH ST
WACO,TX76706 		NONE PC iENGAGE SUMMER CIVICS 25,000

HOWARD PAYNE UNIVERSITY

1000 FISK STREET
BROWNWOOD,TX76801 		NONE PC CAMPUS AND COMMUNITY 5,000

INSTITUTE FOR POLICY INNOVATION

1660 S INTERSTATE 35-E
LEWISVILLE,TX75067 		NONE PC HWS DISTINGUISHED LECTURES 100,000

SCHREINER UNIVERSITY

2100 SAN ANTONIO HWY
KERRVILLE,TX78028 		NONE PC SUMNERS SCHOLARSHIP PROGRAM 15,525

TEXAS CHRISTIAN UNIVERSITY

2800 S UNIVERSITY DR
FORT WORTH,TX76129 		NONE PC IENGAGE & TCU WASHINGTON INTERNSHIP PROGRAM 33,000

TEXAS WESLEYAN UNIVERSITY

1201 WESLEYAN ST
FORT WORTH,TX75105 		NONE PC SUMNERS SCHOLARSHIP ENDOWMENT 39,050

UNIVERSITY OF DALLAS

1845 E NORTHGATE DR
IRVING,TX75062 		NONE PC SUMNERS SCHOLARSHIP PROGRAMS 86,550

YMCA ALBUQUERQUE CENTRAL NM

4701 MONTANO RD NM
ALBUQUERQUE,NM87120 		NONE PC YOUTH AND GOVERNMENT 85,000

YMCA OKLAHOMA CITY

100 W MAIN ST
OKLAHOMA CITY,OK73102 		NONE PC YOUTH AND GOVERNMENT 103,000

AUSTIN COLLEGE

900 N GRAND AVE
SHERMAN,TX75090 		NONE PC PUBLIC ADMINISTRATION & CRIMINAL LAW SYMPOSIUM 9,113

THE BILL OF RIGHTS INSTITUTE

200 NORTH GLEBE ROAD
ARLINGTON,VA22203 		NONE PC CONSTITUTIONAL SEMINAR IN NEW MEXICO 12,000

FUND FOR AMERICAN STUDIES

1706 NEW HAMPSHIRE AVE
WASHINGTON,DC20009 		NONE PC SUMNERS SCHOLARSHIPS 121,050

LAW FOCUSED EDUCSTATE BAR OF TEXAS

14651 DALLAS PKWY
DALLAS,TX75254 		NONE PC TEACHER TRAINING INSTITUTE ON THE FOUNDING DOCUMENTS 453,263

UNIVERSITY OF TEXAS AT AUSTIN

BOX 8058
AUSTIN,TX78712 		NONE PC TEXAS CIVIC AMBASSADORS 25,000
TEXAS TRIBUNE


823 CONGRESS AVE
AUSTIN,TX78701 		NONE PC TRIBUNE EVENTS AND FESTIVAL 100,000
BRAVER ANGELS


733 THIRD AVENUE FL 16
NEW YORK,NY10017 		NONE PC YOUTH PROGRAMS 82,000
CERTELL INC


2201 E 46TH ST 302
INDIANAPOLIS,IN46205 		NONE PC EQUIPPING STUDENTS TO ENGAGE IN DEMOCRACY 7,000
DALLAS HOLOCAUST HUMAN RIGHTS MUSEU


300 N HOUSTON ST
DALLAS,TX75202 		NONE PC RULE OF LAW SERIES 25,000
NATIONAL CONSTITUTION CENTER


525 ARCH ST
PHILADELPHIA,PA19106 		NONE PC CONSTITUTIONAL EDUCATION SUPPORT 45,000
SAN ANTONIO REPORT


126 GONZALES ST 100
SAN ANTONIO,TX78205 		NONE PC CIVIC ENGAGEMENT REPORTING 20,000
TEXAS FFA FOUNDATION


614 EAST 12TH STREET
AUSTIN,TX78701 		NONE PC LEGISLATIVE LEAD 50,000
TEXAS PUBLIC POLICY FOUNDATION


901 CONGRESS AVENUE
AUSTIN,TX78701 		NONE PC GENERAL SUPPORT 32,500
THE POLICY CIRCLE


1189 WILMETTE AVE 210
WILMETTE,IL60091 		NONE PC LEADERSHIP COUNCIL 12,500
UNITED STATES ASSN OF FORMER MEMBER


1401 K STREET NW 901
WASHINGTON,DC20005 		NONE PC SUMNERS SCHOLARS 47,000
YMCA OF AUSTIN


55 NORTH IH-35
AUSTIN,TX78705 		NONE PC TEXAS YOUTH AND GOVERNMENT 135,000
CONSTITUTIONAL RIGHTS FOUNDATION


601 S KINGSLEY DR
LOS ANGELES,CA90005 		NONE PC CIVIC LEARNING IN NEW MEXICO 10,000
CIVICS UNPLUGGED


335 MADISON AVE
NEW YORK,NY10017 		NONE PC CIVIC INNOVATORS 32,500
FORT WORTH REPORT


2003 8TH AVE 300
FORT WORTH,TX76110 		NONE PC CIVIC ENGAGEMENT 25,000
INTERNATIONAL LITERACY DEVELOPMENT


PO BOX 383153
DUNCANVILLE,TX75138 		NONE PC ROHINGYA LANGUAGE AND LITERACY PROGRAM 20,000
LEADERSHIP OKLAHOMA


3037 NW 63RD ST 104
OKLAHOMA CITY,OK73116 		NONE PC YOUTH LEADERSHIP 5,000
LIBERTAS ACADEMY-SCORRO ISD


12101 PELLICANO DR
EL PASO,TX79936 		NONE GOV 7.0 15,000
NATIONAL ARCHIVES FOUNDATION


700 PENNSYLVANIA AVENUE NW
WASHINGTON,DC20408 		NONE PC PEDAGOGY PROGRAMS 60,000
RONALD REAGAN PRESIDENTIAL FOUNDATI


40 PRESIDENTIAL DRIVE
SIMI VALLEY,CA93065 		NONE PC REGIONAL GREAT COMMUNICATOR DEBATE SERIES COMPETITION 22,500
THE JAMES MADISON INSTITUTE


100 N DUVAL ST
TALLAHASSEE,FL32301 		NONE PC CIVICS EDUCATION PROJECT 25,000
LUCY BURNS INSTITUTE DBA BALLOTPEDI


8383 GREENWAY BLVD 600
MIDDLETON,WI53562 		NONE PC SUMMER BALLOTPEDIA FELLOWSHIP 26,000
THE STEAMBOAT INSTITUTE


PO BOX 883037
STEAMBOAT SPRINGS,CO80488 		NONE PC LIBERTY TOUR 25,000
VOTE SMART


1153 24TH STREET
DES MOINES,IA50311 		NONE PC FASTFACTS PROJECT 5,000
GILDER LEHRMAN INSTITUTE OF AM HIST


49 WEST 45TH STREET
NEW YORK,NY10036 		NONE PC TEACHING CIVICS THROUGH HISTORY 31,250
CLOSE UP FOUNDATION


671 N GLEBE RD 900
ARLINGTON,VA22203 		NONE PC EDUCATION PROGRAMS 14,250
FOUNDATION FOR ECONOMIC ED


1819 PEACHTREE RD NW 300
ATLANTA,GA30309 		NONE PC TEACHER TRAINING CONFERENCE 6,250
OKLAHOMA INSTITUTE FOR CHILD ADVOCA


2915 N CLASSEN BLVD 320
OKLAHOMA CITY,OK73106 		NONE PC YOUTH LEGISLATIVE EXPERIENCE 2,500
PHLANTHROPY ROUNDTABLE


1120 20TH ST NW 550
WASHINGTON,DC20036 		NONE PC GENERAL SUPPORT 10,000
TEXAS BOYS STATE


PO BOX 140527
AUSTIN,TX78714 		NONE PC GENERAL SUPPORT 20,000
THANKS-GIVING FOUNDATION


PO BOX 131770
DALLAS,TX75313 		NONE PC BREAKING BREAD & BUILDING BRIDGES PROGRAMS 25,000
THE DALLAS HISTORICAL SOCIETY


3939 E GRAND AVE
DALLAS,TX75210 		NONE PC RE-HOUSING OF HATTON SUMNERS COLLECTION 5,000
WORLD AFFAIRS COUNCIL OF DFW


325 NORTH ST PAUL ST 4200
DALLAS,TX75201 		NONE PC SUMNERS CIVICS LECTURES 30,000
ASHBROOK UNIVERSITY


401 COLLEGE AVE
ASHLAND,OH44805 		NONE PC GENERAL SUPPORT 3,750
GEORGE W BUSH PRESIDENTIAL CENTER


2943 SMU BOULEVARD
DALLAS,TX75205 		NONE PC PROGRAMMING FOR SUMNERS SCHOLARS 125,000
individual scholarships given


2201 west royal lane 100
irving,TX75063 		NONE I educational scholarships 476,746
Total .................................right arrow 3a 2,689,297
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2022)
Form 990-PF (2022)
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 ........... 		    14 1,427,018  
4 Dividends and interest from securities ....     14 1,265,214  
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 ............ 		531120 25,302 18 377,083  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOIL & GAS ROYALTIES 		    15 1,323,757  
bpass through from K-1's 531120 689,209 16 -256,146  
cTAX REFUND         3,775
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 714,511 4,136,926 3,775
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,855,212
(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.)
Form 990-PF (2022)
Form 990-PF (2022)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID: 22015553
Software Version: 2022v5.0


Form 990PF - Special Condition Description:
Special Condition Description

TY 2022 AccountingFeesSchedule
Name:
THE SUMNERS FOUNDATION
EIN:
75-2734032
Software ID:
22015553
Software Version:
2022v5.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
accounting fees 90,348 22,587 0 67,761

TY 2022 InvestmentsCorpStockSchedule
Name:
THE SUMNERS FOUNDATION
EIN:
75-2734032
Software ID:
22015553
Software Version:
2022v5.0
Name of Stock End of Year Book Value End of Year Fair Market Value
LAZARD INTERNATIONAL STRATEGY 3,609,882 3,609,882
FEDERATED HERMES ULTRASHORT BOND INST 9,078,078 9,078,078
JANUS HENDERSON FUNDS ENTERPRISE 1 6,224,815 6,224,815
VANGUARD INST INDEX INST 9,264,021 9,264,021
VANGUARD SM CAP INDEX ADMIRAL 3,688,572 3,688,572
WILLIAM BLAIR FUNDS EMRG MKTS SM CAP 2,695,823 2,695,823
INVESCO EXCHANGE TRADED S&P 500 4,253,744 4,253,744

TY 2022 InvestmentsLandSchedule2
Name:
THE SUMNERS FOUNDATION
EIN:
75-2734032
Software ID:
22015553
Software Version:
2022v5.0
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Land 279,402   279,402 279,402

TY 2022 InvestmentsOtherSchedule2
Name:
THE SUMNERS FOUNDATION
EIN:
75-2734032
Software ID:
22015553
Software Version:
2022v5.0
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AMERRA AGRI FUND II LP FMV 1,124,167 1,124,167
WHITEBOX MULTI STRATEGY FUND FMV 1,262,708 1,262,708
ML-K-18-WP TRUST IV FMV 38,538 38,538
LINX FUND I LP FMV 7,938,927 7,938,927
CAPITAL ROY PARTNERS II FMV 65,804 65,804
ORRI GULF OF MEXICO FMV 891,335 891,335
ORRI OKLAHOMA #1 FMV 1,253 1,253
ORRI OKLAHOMA #2 FMV 18,005 18,005
ORRI KANSAS #1 FMV 1,276,479 1,276,479
ORRI LOUISIANA #1 FMV 56,149 56,149
ORRI NM #1 FMV 36,262 36,262
ORRI LOUISIANA #5 FMV 714 714
ORRI LOUISIANA # 3 FMV 219,994 219,994
ORRI TEXAS #2 FMV 112,862 112,862
ORRI TEXAS #1 FMV 37,103 37,103
ORRI KANSAS #2 FMV 29,901 29,901
ORRI WYOMING #1 FMV 432,049 432,049
MADISON 1600 VICEROY FMV 22,621 22,621
PINNACLE IV FMV 712,356 712,356
AMERRA AGRI FUND III FMV 958,794 958,794
HACKBERRY CREEK FMV 1,411,148 1,411,148
MADISON, LLC FMV 2,096,984 2,096,984
AMERRA AGR FUND II ANNEX FMV 783,920 783,920
PINNACLE V LP FMV 773,988 773,988
PARR CAPITAL 122 WEST FMV 2,567,869 2,567,869
MANOR RV PARK LLC FMV 75,752 75,752
PAR CAPTIAL-GATEWAY LLC FMV 1,132,679 1,132,679
ORRI TEXAS #6 FMV 2,046,027 2,046,027
ORRI LOUISIANNA #2 FMV 13,364 13,364
ORRIS LOUISIANNA #4 FMV 24,773 24,773
MISCELLANEOUS FMV 60,123 60,123
MACHINE INVESTMENT GROUP FMV 1,741,236 1,741,236

TY 2022 LandEtcSchedule2
Name:
THE SUMNERS FOUNDATION
EIN:
75-2734032
Software ID:
22015553
Software Version:
2022v5.0
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Furniture and Fixtures 36,219 7,316 28,903 28,903


TY 2022 LegalFeesSchedule
Name:
THE SUMNERS FOUNDATION
EIN:
75-2734032
Software ID:
22015553
Software Version:
2022v5.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
legal fees 1,756 439 0 1,317


TY 2022 OtherAssetsSchedule
Name:
THE SUMNERS FOUNDATION
EIN:
75-2734032
Software ID:
22015553
Software Version:
2022v5.0
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
RIGHT OF USE ASSET   151,093 151,093


TY 2022 OtherExpensesSchedule
Name:
THE SUMNERS FOUNDATION
EIN:
75-2734032
Software ID:
22015553
Software Version:
2022v5.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GRANTS ADMINISTRATION 27,242 6,811   20,432
INFORMATION TECHNOLOGY 11,014 2,754   8,261
INSURANCE 23,105 5,776   17,329
INTERVIEW EXPENSES 12,562 3,139   9,418
INVESTMENT EXPENSES 172,466 172,466    
MANAGEMENT FEES 634,949 634,949    
MISCELLANEOUS 25,262 6,316   18,947
office supplies 4,187 1,047   3,140
OIL & GAS MAINTENANCE 48,900 12,225   36,675
POSTAGE 781 195   586
STAFF EXPENSES 2,540 635   1,905
TELEPHONE 7,914 1,979   5,936


TY 2022 OtherIncomeSchedule2
Name:
THE SUMNERS FOUNDATION
EIN:
75-2734032
Software ID:
22015553
Software Version:
2022v5.0
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OIL & GAS ROYALTIES 1,323,757 1,323,757  
pass through from K-1's 433,063 -256,146  
TAX REFUND 3,775    


TY 2022 OtherLiabilitiesSchedule
Name:
THE SUMNERS FOUNDATION
EIN:
75-2734032
Software ID:
22015553
Software Version:
2022v5.0
Description Beginning of Year - Book Value End of Year - Book Value
Deferred Excise Taxes 132,974 196,205
EXCISE TAX PAYABLE 12,857 164,464
OPERATING LEASE LIABILITY   152,450


TY 2022 TaxesSchedule
Name:
THE SUMNERS FOUNDATION
EIN:
75-2734032
Software ID:
22015553
Software Version:
2022v5.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 245,286      
PAYROLL TAX 27,825 4,174   23,651