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
WAXAHACHIE FOUNDATION INC
WAXAHACHIE FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 3251
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WAXAHACHIE, TX75168
A Employer identification number

75-6085367
B Telephone number (see instructions)

(972) 825-7092
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$3,244,072J 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) 1,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 40 40  
4 Dividends and interest from securities... 97,057 89,422  
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
List of Attached Documents:
// Content
-20,822
b Gross sales price for all assets on line 6a 79,033
7 Capital gain net income (from Part IV, line 2)... 7,110
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
4,938   4,938
12 Total. Add lines 1 through 11........ 82,213 96,572 4,938
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,635 1,635    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,601 2,601    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
209 209    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,445 4,445   0
25 Contributions, gifts, grants paid....... 146,850 146,850
26 Total expenses and disbursements. Add lines 24 and 25 151,295 4,445   146,850
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -69,082
b Net investment income (if negative, enter -0-) 92,127
c Adjusted net income (if negative, enter -0-)... 4,938
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............. 13,781 1,986 1,986
2 Savings and temporary cash investments......... 24,055 66,391 66,391
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,828,019 Click to see attachment
List of Attached Documents:
// Content
1,770,777 		3,175,695
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,865,855 1,839,154 3,244,072
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue................. 10,232 8,925
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 10,232 8,925
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...........    
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........ 15,000 15,000
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 1,840,623 1,815,229
29 Total net assets or fund balances (see instructions)..... 1,855,623 1,830,229
30 Total liabilities and net assets/fund balances (see instructions). 1,865,855 1,839,154
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
1,855,623
2
Enter amount from Part I, line 27a .....................
2
-69,082
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
43,688
4
Add lines 1, 2, and 3 ..........................
4
1,830,229
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,830,229
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 7,110
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 1,281
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 1,281
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 1,281
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a  
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  
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 60
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 1,341
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow   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
 
 
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
 
 
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 arrowWAXAHACHIEFOUNDATION.COM
14
The books are in care ofright arrowPAUL COLWELL Telephone no.right arrow (972) 825-7092

Located atright arrow115 PARK PL STE 800WAXAHACHIETX ZIP+4right arrow75165
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)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
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
 
 
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
 
 
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
Yes
 
If "Yes," list the years right arrow2021, 2017, 2016, 2015
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
Yes
 
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
 
No
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
 
 
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
PAUL COLWELL SECRETARY/TR
2.00 		0 0 0
115 PARK PL STE 800
WAXAHACHIE,TX75165
ELIZABETH TULL PAST PRESIDE
000.00 		0 0 0
136 MUSTANG CREEK DRIVE
WAXAHACHIE,TX75165
KERRIC BRADFORD DIRECTOR
000.00 		0 0 0
7851 MARKS DRIVE
WAXAHACHIE,TX75167
STEVE CHAPMAN DIRECTOR
000.00 		0 0 0
PO BOX 3251
WAXAHACHIE,TX75168
MICHELE WRAY PRESIDENT
2.00 		0 0 0
200 N ROGERS STE A
WAXAHACHIE,TX75165
PATRICK WILSON VICE-PRESIDE
000.00 		0 0 0
109 S JACKSON
WAXAHACHIE,TX75165
KRYSTAL VALDEZ DIRECTOR
000.00 		0 0 0
220 HACIENDA DR
WAXAHACHIE,TX75165
SCOTT BROOKS DIRECTOR
000.00 		0 0 0
134 HOLLY ST
WAXAHACHIE,TX75165
CINDY BURCH DIRECTOR
000.00 		0 0 0
105 W JEFFERSON
WAXAHACHIE,TX75165
CAROLINE FORD DIRECTOR
000.00 		0 0 0
319 E MARVIN
WAXAHACHIE,TX75165
DR KIM TREWERN DIRECTOR
000.00 		0 0 0
1200 SYCAMORE ST
WAXAHACHIE,TX75165
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................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 TWENTY-FOUR CHARITABLE ORGANIZATIONS WERE FUNDED IN ORDER TO PROMOTE FURTHER CHARITABLE WORK IN WAXAHACHIE AND THE SURROUNDING ELLIS COUNTY AREA. 146,850
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 N/A  
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
3,270,836
b
Average of monthly cash balances.......................
1b
57,141
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
3,327,977
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
3,327,977
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
49,920
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
3,278,057
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
163,903
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
163,903
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,281
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,281
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
162,622
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
162,622
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
162,622
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
146,850
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
146,850
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 7 162,622
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 167,849
b Total for prior years:2017, 2016, 2015 89,029
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$ 146,850
a Applied to 2021, but not more than line 2a 146,850
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2022 distributable amount.....  
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 .......... 		89,029
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...... 		89,029
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 ............. 		20,999
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		162,622
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:
WAXAHACHIE FOUNDATION INC
P O BOX 3251
WAXAHACHIE,TX75168
(972) 923-1590
bThe form in which applications should be submitted and information and materials they should include:
SEE ATTACHMENT
cAny submission deadlines:
IT IS THE FRIDAY PRIOR TO THE GRANTS COMMITTEE MEETING, WHICH IS THE FOURTH TUESDAY IN JANUARY, APRI
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GRANTS ARE USUALLY LIMITED TO INTEREST INCOME BASED ON INVESTMENTS FOR EACH QUARTER. THE FINANCE COMMITTEE REVIEWS THIS AND TELLS THE GRANT COMMITTEE WHAT IS AVAILABLE. THE GRANTS COMMITTEE SEES EACH REQUEST AND THEN MAKES A RECOMMENDATION TO THE FULL BOARD.
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

BELIEVING RESTORATION IS ATTAINABLE

113 HOLLY ST
WAXAHACHIE,TX75165 		  501(C)3 OPERATIONS 5,000

BLUE LINE BOXING & FITNESS

129 VALLEY RANCH DR
WAXAHACHIE,TX75165 		  501(C)3 OPERATIONS 1,000

COMMON GROUND

P O BOX 444
WAXAHACHIE,TX75168 		  501(C)3 VARIOUS PROJECTS ,EMERGENCY FUND 2,000

CROSSROADS OF TX FILM & MUSIC FEST

2000 CIVIC CENTER LANE
WAXAHACHIE,TX75165 		  501(C)6 OPERATIONS 2,500

DINAH WEABLE BREAST CANCER SURVIVOR

P O BOX U
WAXAHACHIE,TX75168 		  501(C)3 OPERATIONS 3,500

ELLIS COUNTY CHILDREN'S ADVOCACY

425 E ROSS
WAXAHACHIE,TX75165 		  501(C)3 OPERATIONS 5,000

ELLIS COUNTY CHILDREN'S THEATER

PO BOX 2752
WAXAHACHIE,TX75168 		  501(C)3 OPERATIONS 4,300

ELLIS COUNTY HOMELESS COALITION

613 FERRIS AVE STE 105
WAXAHACHIE,TX75165 		  501(C)3 OPERATIONS 1,500

HISTORIC WAXAHACHIE

PO BOX 22
WAXAHACHIE,TX75168 		  501(C)3 WYATT & CALBOOSE BUILDINGS 5,000

MENTORS CARE

661 E MAIN ST STE 200
MIDLOTHIAN,TX76065 		  501(C)3 OPERATIONS 1,500

NICHOLAS P SIMS LIBRARY

515 W MAIN ST
WAXAHACHIE,TX75165 		  501(C)3 OPERATIONS 2,700

COMMUNITY PARTNERS OF ELLIS COUNTY

P O BOX 3231
WAXAHACHIE,TX75168 		  501(C)3 OPERATIONS 1,500

REACH COUNCIL

PO BOX 598
MIDLOTHIAN,TX76065 		  501(C)3 OPERATIONS 5,000

SPCA OF TEXAS

2570 FM 878
WAXAHACHIE,TX75165 		  501(C)3 OPERATIONS 2,500

T & S MINISTRIES

691 CORNELL LANE 104
WAXAHACHIE,TX75165 		  501(C)3 OPERATIONS 750

TEXAS BAPTIST HOME

629 FARLEY ST
WAXAHACHIE,TX75165 		  501(C)3 OPERATIONS 2,000

TEXAS RAMPS PROJECT

PO BOX 832065
RICHARDSON,TX75083 		  501(C)3 OPERATIONS 4,500

WAXAHACHIE CARE

1208 FERRIS AVE
WAXAHACHIE,TX75165 		  501(C)3 OPERATIONS, EQUIPMENT 25,000

WAXAHACHIE CHAMBER

102 YMCA DRIVE
WAXAHACHIE,TX75165 		  501(C)6 OPERATIONS 3,000

WAXAHACHIE FAMILY YMCA

100 YMCA DR
WAXAHACHIE,TX75165 		  501(C)3 OPERATIONS 50,000

WAXAHACHIE ISD 1ST DAY OF SCHOOL

411 N GIBSON
WAXAHACHIE,TX75165 		  170(B)(1)(A) BACKPACKS AND SUPPLIES 5,000

WAXAHACHIE LITTLE PANTRY

304 W 5TH ST
WAXAHACHIE,TX75165 		  501(C)3 OPERATIONS 5,000

WAXAHACHIE SENIOR CENTER

122 PARK HILLS DR
WAXAHACHIE,TX75165 		  501(C)3 OPERATIONS 3,600

WAXAHACHIE SYMPHONY

PO BOX 405
WAXAHACHIE,TX75168 		  501(C)3 CONCERT FUNDING 5,000
Total .................................right arrow 3a 146,850
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 ........... 		    25 10 30
4 Dividends and interest from securities ....     25 97,057  
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 ............ 		    25 7,110 -27,932
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aTAX REFUNDS 		        440
bTAX REFUNDS         439
cTAX REFUNDS         88
dHOLLY ENERGY 525990 3,971 25    
e
12 Subtotal. Add columns (b), (d), and (e) .. 3,971 104,177 -26,935
13Total. Add line 12, columns (b), (d), and (e)..................
13
81,213
(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.)
3 ALLOWS FUNDING TO SUPPORT THE ORGANIZATIONS THAT WE HELP.
4 ALLOWS FUNDING TO SUPPORT THE ORGANIZATIONS THAT WE HELP.
8 ALLOWS FUNDING TO SUPPORT THE ORGANIZATIONS THAT WE HELP.
11B ALLOWS FUNDING TO SUPPORT THE ORGANIZATIONS THAT WE HELP.
11C ALLOWS FUNDING TO SUPPORT THE ORGANIZATIONS THAT WE HELP.
11D ALLOWS FUNDING TO SUPPORT THE ORGANIZATIONS THAT WE HELP.
11E ALLOWS FUNDING TO SUPPORT THE ORGANIZATIONS THAT WE HELP.
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:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2022 AccountingFeesSchedule
Name:
WAXAHACHIE FOUNDATION INC
 
WAXAHACHIE FOUNDATION INC
EIN:
75-6085367
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES PAID 2022 1,635 1,635    

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

TY 2022 GainLossSaleOtherAssetsSch
Name:
WAXAHACHIE FOUNDATION INC
 
WAXAHACHIE FOUNDATION INC
EIN:
75-6085367
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
3558.72SH AMER HIGH-INC MUNI BD A 2021-11 PURCHASE 2022-11   50,000 50,173     -173  
.7 SH WARNER BROS DISCOVERY INC 2004-12 PURCHASE 2022-04   17 18     -1  
1512. WESTPAC BKG CORP LTD ADR 2014-04 PURCHASE 2022-07   21,906 49,664     -27,758  

TY 2022 InvestmentsCorpStockSchedule
Name:
WAXAHACHIE FOUNDATION INC
 
WAXAHACHIE FOUNDATION INC
EIN:
75-6085367
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 15,587 71,693
ABBVIE 46,682 183,751
AEPGX - MUTUAL FUND 9,053 10,755
AMECX - MUTUAL FUNDS 110,179 136,205
AMGEN INC 28,696 50,427
AMHIX - MUTUAL FUNDS 177,059 180,537
AT&T 78,793 64,435
CAIBX - MUTUAL FUND 1,256 1,143
CHEVRON 26,390 89,745
COCA COLA 35,122 65,009
COLGATE PALMOLIVE 35,019 59,565
CONSOLIDATED EDISON INC 56,764 108,272
CWGIX - MUTUAL FUND 1,285 1,004
EMERSON ELECTRIC 59,357 108,164
EVERSOURCE ENERGY 24,925 44,435
EXXON MOBIL 54,054 88,240
GENERAL ELECTRIC 35,282 10,474
GLAXOSMITHKLINE PLC 55,161 40,285
HALEON PLC 12,143 11,464
HARTFORD FINANCIAL SVCS 36,260 103,887
HASBRO 9,779 17,998
HSBC HLDS 39,677 22,404
ILLINOIS TOOL WORKS 57,121 198,270
INTEL 34,739 38,905
JOHNSON & JOHNSON 31,440 88,325
JPMORGAN CHASE 41,258 141,610
KRAFT HEINZ CO 12,971 18,442
MCDONALDS 39,584 107,784
MEDICAL PROPERTIES TRUST 42,844 37,876
MERCK 29,570 122,489
MICROSOFT 27,511 239,820
MONDELEZ INTL INC. 25,315 90,644
ORGANON 3,744 3,072
PHILLIPS 66 15,681 52,040
PROCTOR & GAMBLE 34,860 80,630
REPUBLIC SERVICES, INC 24,747 90,035
SYSCO CORP 40,960 105,272
TC ENERGY CORP 39,781 36,273
VENTAS INC 53,040 37,392
VERIZON COMMUNICATIONS 108,679 78,800
VF CORP 60,623 44,811
WARNER BROS DISCOVERY INC 24,160 8,020
WELLS FARGO 37,386 49,053
WESTPAC BKG CORP    
HOLLY ENERGY 36,240 36,240

TY 2022 OtherExpensesSchedule
Name:
WAXAHACHIE FOUNDATION INC
 
WAXAHACHIE FOUNDATION INC
EIN:
75-6085367
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
SURETY BOND RENEWAL (CNA) 181 181    
BANK SC 28 28    


TY 2022 OtherIncomeSchedule2
Name:
WAXAHACHIE FOUNDATION INC
 
WAXAHACHIE FOUNDATION INC
EIN:
75-6085367
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
TAX REFUNDS 440   440
TAX REFUNDS 439   439
TAX REFUNDS 88   88
HOLLY ENERGY 3,971   3,971


TY 2022 OtherIncreasesSchedule
Name:
WAXAHACHIE FOUNDATION INC
 
WAXAHACHIE FOUNDATION INC
EIN:
75-6085367
Description Amount
BASIS ADJUSTMENTS 43,688


TY 2022 TaxesSchedule
Name:
WAXAHACHIE FOUNDATION INC
 
WAXAHACHIE FOUNDATION INC
EIN:
75-6085367
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAA 402 402    
INCOME TAX 886 886    
INCOME TAX 1,313 1,313