TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
THE DIXON WATER FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)4528 COUNTY ROAD 398
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DECATUR, TX76234

A Employer identification number

75-2521176

B Telephone number (see instructions)

(940) 626-9848

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$53,943,315J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	7,321		7,321
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		275,886
b	Gross sales price for all assets on line 6a 544,000
7	Capital gain net income (from Part IV, line 2)...			275,886
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).......	List of Attached Documents: // Content	950,663	571,297	0
12	Total. Add lines 1 through 11........	1,233,870		854,504	0
13	Compensation of officers, directors, trustees, etc.	609,210		244,076	0	365,134
14	Other employee salaries and wages......	134,860		0	0	134,860
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	124,948	0	0	0
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	25,538	0	0	0
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	2,595	0	0	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	64,009	22,956	0	0
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	530,313	0	0
20	Occupancy..............	8,523		0	0	0
21	Travel, conferences, and meetings.......	41,971		0	0	0
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	633,496	0	0	392,745
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	2,175,463		267,032	0	892,739
25	Contributions, gifts, grants paid.......	132,200				132,200
26	Total expenses and disbursements. Add lines 24 and 25	2,307,663		267,032	0	1,024,939
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-1,073,793
b	Net investment income (if negative, enter -0-)			587,472
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2023)

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	1,743,213	1,658,450	1,658,450
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............	873,460	876,460	876,460
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	8,029	List of Attached Documents: // Content 8,065	8,065
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis 17,833,077
		Less: accumulated depreciation (attach schedule)	17,834,635	17,833,077	17,833,077
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,897,073	List of Attached Documents: // Content 2,898,485	24,822
	14	Land, buildings, and equipment: basis 36,961,914
		Less: accumulated depreciation (attach schedule) 3,443,852	34,021,520	List of Attached Documents: // Content 33,518,062	33,542,441
	15	Other assets (describe )	List of Attached Documents: // Content 0	List of Attached Documents: // Content 16,582	List of Attached Documents: // Content 0
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	57,377,930	56,809,181	53,943,315
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons		500,000
	21	Mortgages and other notes payable (attach schedule)......	4,950	4,950
	22	Other liabilities (describe )	List of Attached Documents: // Content 2,194	List of Attached Documents: // Content 7,238
	23	Total liabilities (add lines 17 through 22).........	7,144	512,188
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	1,000	1,000
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	57,369,786	56,295,993
	29	Total net assets or fund balances (see instructions).....	57,370,786	56,296,993
	30	Total liabilities and net assets/fund balances (see instructions).	57,377,930	56,809,181

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

57,370,786

Enter amount from Part I, line 27a .....................

-1,073,793

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

56,296,993

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

56,296,993

Form 990-PF (2023)

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	(d) Date sold (mo., day, yr.)
1 a	COLUMBIA STREET HOUSE	P	2023-09-15
b	BEAR CREEK .26 ACRE	P	2023-05-19
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	509,000	29,210	295,766	242,444
b	35,000	0	1,558	33,442
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			242,444
b			33,442
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	275,886
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 ...................		3

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	8,166
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	8,166
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	8,166
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	57,189
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	57,189
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	49,023
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax49,023	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

WWW.DIXONWATER.ORG

The books are in care of right arrow

THE FOUNDATION Telephone no. right arrow

(940) 626-9848

Located at right arrow

4528 COUNTY ROAD 398DECATURTX ZIP+4 right arrow

76234

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

16 At any time during calendar year 2023, 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

Form 990-PF (2023)

Page 5

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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 2023? .............

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)):

At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2023 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 2023.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2023? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
ROBERT J POTTS	CHAIRMAN 40.00	225,000	40,122	1,626
P O BOX 177 MARFA,TX79843	CHAIRMAN 40.00	225,000	40,122	1,626
KATHY SMYTH	VICE CHAIRMAN 1.00	0	0	0
4528 COUNTY RD 398 DECATUR,TX76234	VICE CHAIRMAN 1.00	0	0	0
HUGH ALJOE	VICE CHAIRMAN 1.00	0	0	0
4528 COUNTY RD 398 DECATUR,OK76234	VICE CHAIRMAN 1.00	0	0	0
LAURA WHITING	BOARD MEMBER 1.00	0	0	0
4528 COUNTY RD 398 DECATUR,TX76234	BOARD MEMBER 1.00	0	0	0
LESLIE RAUSCHER	BOARD MEMBER 1.00	0	0	0
4528 COUNTY RD 398 DECATUR,TX76234	BOARD MEMBER 1.00	0	0	0
JERRY ADDISON	BOARD MEMBER 1.00	0	0	0
P O BOX 629 BOWIE,TX76230	BOARD MEMBER 1.00	0	0	0
MELISSA BOOKHOUT	BOARD MEMBER 1.00	0	0	0
4528 COUNTY RD 398 DECATUR,TX76234	BOARD MEMBER 1.00	0	0	0
DR RICHARD TEAGUE	BOARD MEMBER 1.00	0	0	0
4528 COUNTY RD 398 DECATUR,TX76234	BOARD MEMBER 1.00	0	0	0
CASEY WADE	PRESIDENT & CEO 40.00	121,058	12,000	1,426
P O BOX 177 MARFA,TX79843	PRESIDENT & CEO 40.00	121,058	12,000	1,426
KNIGHT HILARY	VP OPERATIONS 40.00	87,152	13,555	1,609
4528 COUNTY RD 398 DECATUR,TX76234	VP OPERATIONS 40.00	87,152	13,555	1,609
PHILLIP BOYD	VP SCIENCE & RESEARCH 40.00	88,000	10,369	915
P O BOX 177 MARFA,TX79843	VP SCIENCE & RESEARCH 40.00	88,000	10,369	915
RACHEL VASQUEZ	VICE PRESIDENT - GRANTS 40.00	88,000	14,774	1,067
4528 COUNTY RD 398 DECATUR,TX76234	VICE PRESIDENT - GRANTS 40.00	88,000	14,774	1,067

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...................				0

Form 990-PF (2023)

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	RESEARCH WITH UNIVERSITIES AND NON-PROFIT ORGANIZATIONS TO MONITER HOW THE ENVIROMENT - FROM SOIL MICROBES TO THE WATERSHED - RESPOND TO RANCH MANAGEMENT METHODS OF SUSTAINABLE LAND MANAGEMENT THAT FOUNDATION USES ON ITS RANCHES.	870,602
2	THE FOUNDATION PUTS ON MULTIPLE EDUCATIONAL WORKSHOPS, TOURS AND CONFERENCES THROUGHOUT THE YEAR AT ALL THE RANCHES. THESE INCLUDE THE FOLLOWING:RANGE MANAGEMENT WORKSHOPSBIRD MONITORINGWATER CONFERENCEGRAZING WORKSHOPSTUDENT TOURSHERB SURVEYRAPTOR RESEARCHALAMITO CREEK TOURS	22,137
3	CHARITABLE GRANTS FOR LAND MANAGEMENT, WATERSHED PROTECTION AND EDUCATION.	132,200
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 (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

8,029

Average of monthly cash balances.......................

1,197,192

Fair market value of all other assets (see instructions)................

36,108,258

Total (add lines 1a, b, and c).........................

37,313,479

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

37,313,479

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

559,702

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

36,753,777

Minimum investment return. Enter 5% (0.05) of line 5................

1,837,689

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.)

Minimum investment return from Part IX, line 6..................

1,837,689

Tax on investment income for 2022 from Part V, line 5.......

8,166

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

8,166

Distributable amount before adjustments. Subtract line 2c from line 1............

1,829,523

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,829,523

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

1,829,523

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,024,939

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

1,024,939

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7					1,829,523
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......	1,190,990
b From 2019......	6,136,629
c From 2020......
d From 2021......	2,149,817
e From 2022......
f Total of lines 3a through e ........		9,477,436
4Qualifying distributions for 2023 from Part
XI, line 4: $ 1,024,939
a Applied to 2022, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2023 distributable amount.....					1,024,939
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2023.		804,584			804,584
(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		8,672,852
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...		386,406
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		8,286,446
10 Analysis of line 9:
a Excess from 2019....	6,136,629
b Excess from 2020....
c Excess from 2021....	2,149,817
d Excess from 2022....
e Excess from 2023....

Form 990-PF (2023)

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 2023, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

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) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

RACHEL VASQUEZ
P O BOX 177
MARFA,TX79843
(432) 729-4600

bThe form in which applications should be submitted and information and materials they should include:

2-3 PAGE DESCRIPTION OF PROJECT ALONG WITH BUDGET AND SUPPORTING MATERIALS.

cAny submission deadlines:

NOVEMBER 1

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

LIMITED TO LAND MANAGEMENT, WATERSHED PROTECTION AND EDUCATION.

Form 990-PF (2023)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BIG BEND RANCH RODEO P O BOX 2140 ALPINE,TX79831	NONE	PC	RANCH LIFE	700
ENVIROMENTAL DEFENSE FUND PO BOX 98051 WASHINGTON,DC20090	NONE	PC	ENVIROMENT	10,000
MARFA EDUCATION FOUNDATION P O BOX 660 MARFA,TX79843	NONE	PC	ENVIROMENT	500
OGALLALA COMMONS INC P O BOX 346 NAZARETH,TX79063	NONE	PC	AQUIFER STEWARDSHIP	10,000
PRESIDIO COUNTY UNDERGROUND WATER CONSERVATION DISTRICT P O BOX 606 MARFA,TX79843	NONE	PC	WATER CONSERVATION	4,000
REGENERATIVE AGRICULTURE FOUNDATION P O BOX 7276 MINNEAPOLIS,MN55407	NONE	PC	RANCH AGRICULTURE	3,500
SUL ROSS STATE UNIVERSITY P O BOX C-16 ALPINE,TX79832	NONE	PC	RANCH MANAGEMENT PROGRAM	75,000
TEXAS CHAPTER OF THE WILDLIFE SOCIETY 3686 REHBURG RD BURTON,TX77835	NONE	PC	WILDLIFE	1,000
TEXAS LAND TRUST COUNCIL POBOX 2677 WIMBERLEY,TX78676	NONE	PC	ENVIROMENT	1,500
TEXAS WILDLIFE ASSOCIATION FOUNDATION 3660 THOUSAND OAKS 126 SAN ANOTONIO,TX78247	NONE	PC	LANDS PROGRAM	1,000
THE NATURE CONSERVANCY IN TEXAS 200 E GRAYSON STE 202 SAN ANOTONIO,TX78215	NONE	PC	CONSERVATION	25,000
Total ................................. 3a				132,200

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2023)

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	(e) Related or exempt function income (See instructions.)
aCATTLE, HORSE AND SHEEP SALES	111000				218,506
bHUNTING INCOME	110000				14,750
cPASTURE SOIL CARBON CREDIT	110000				69,950
dSALE OF PRODUCT	110000				180
eOTHER RANCH INCOME	110000				75,980
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	7,321
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 .....			15	571,297
8 Gain or (loss) from sales of assets other than inventory ............	900099	275,886
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		275,886		578,618	379,366

13Total. Add line 12, columns (b), (d), and (e)..................

1,233,870

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
1A	CATTLE, HORSES AND SHEEP RAISED AS PART OF THE LAND SUSTAINABILITY
1B	HUNTING ALLOWED ON RANCH TO CULL WILDLIFE POPULATIONS
1C	LEASE OF THE LAND FOR AGRICULTURE
1D	OTHER USES OF THE RANCHES
1E	OTHER USES OF THE RANCHES

Form 990-PF (2023)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

THE DIXON WATER FOUNDATION

EIN:

75-2521176

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING	25,538	0	0	0

- TIN:

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

TY 2023 AmortizationSchedule

Name:

THE DIXON WATER FOUNDATION

EIN:

75-2521176

Description of Amortized Expenses	Date Acquired, Completed, or Expended	Amount Amortized	Deduction for Prior Years	Amortization Method	Current Year Amortization	Net Investment Income	Adjusted Net Income	Total Amount of Amortization
CLOSING COSTS	2023-12-08	16,674		180.000000000000	93	0	93	93

- TIN:

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

TY 2023 DepreciationSchedule

Name:

THE DIXON WATER FOUNDATION

EIN:

75-2521176

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
PONDS LEO	2005-12-31	7,132	5,712	SL	20.000000000000	357
PONDS LEO	2006-03-20	245	192	SL	20.000000000000	12
FENCES PIT	2006-09-19	850	715	150DB	20.000000000000	39
GREENHOUSE LEO	2007-03-13	7,002	5,425	SL	20.000000000000	350
RANCH HOUSE MIMS	2009-06-30	295,147	145,335	SL	27.500000000000	10,733
FENCES MIMS	2009-06-30	171,880	154,731	SL	15.000000000000	11,459
WATER TANKS & STORAGE MIMS	2009-06-30	275,411	247,936	SL	15.000000000000	18,361
FENCES MIMS	2010-06-30	57,374	47,825	SL	15.000000000000	3,825
RANCH HOUSE IMPROV MIMS	2010-06-30	2,929	1,775	SL	15.000000000000	195
IMPROVEMENTS MIMS	2011-09-30	21,578	16,548	SL	15.000000000000	1,439
IMPROVEMENTS MIMS	2011-06-30	256,660	196,816	SL	15.000000000000	17,111
COLUMBIA STREET HOUSE MIMS	2011-01-10	248,280	107,955	SL	27.500000000000	6,395
ROBERT WHITE WELL SERVICE MIMS	2011-10-14	4,971	3,724	SL	15.000000000000	331
IMPROVEMENTS COLUMBIA HOUSE MIMS	2012-06-30	9,290	6,504	SL	15.000000000000	310
PAVILLION COSTS LEO	2012-09-30	104,438	27,562	SL	39.000000000000	2,678
IMPROVEMENTS LEO	2012-06-30	49,592	34,721	SL	15.000000000000	3,306
MOWER LEO	2013-01-01	7,097	7,097	SL	7.000000000000	0
RISING PLATE METER LEO	2013-01-01	778	778	SL	7.000000000000	0
PORTABLE CORRALS LEO	2013-01-01	9,439	9,439	SL	7.000000000000	0
USED PATIO FURNITURE MIMS	2013-03-20	1,300	1,300	SL	7.000000000000	0
KUBOTA TRACTOR MIMS	2013-03-05	28,000	28,000	SL	7.000000000000	0
KUBOTA TRACTOR LOADER MIMS	2013-04-08	17,000	17,000	SL	7.000000000000	0
IMPROVEMENTS COLUMBIA HOUSE MIMS	2013-06-01	264,759	167,707	SL	15.000000000000	8,825
IMPROVEMENTS LEO	2013-06-01	32,342	20,485	SL	15.000000000000	2,156
PAVILLION COSTS LEO	2013-06-01	1,186,082	290,202	SL	39.000000000000	30,412
BOB'S CUSTOM HOMES MIMS	2013-11-05	55,000	18,250	SL	27.500000000000	2,000
IMPROVEMENTS MIMS	2013-06-01	96,793	61,312	SL	15.000000000000	6,453
COLUMBIA STREET HOUSE MIMS	2013-06-01	3,568	3,568	SL	7.000000000000	0
F150 FORD TRUCK LEO	2013-03-14	29,499	29,499	SL	5.000000000000	0
IMPROVEMENTS LEO	2014-06-01	13,824	7,837	SL	15.000000000000	922
2014 FORD PICKUP MIMS	2014-02-10	42,541	42,541	SL	5.000000000000	0
IMPROVEMENTS LEO	2014-06-01	99,470	56,364	SL	15.000000000000	6,631
IMPROVEMENTS MIMS	2014-06-01	18,480	10,472	SL	15.000000000000	1,232
PAVILLION COSTS LEO	2014-06-30	1,073,596	180,273	SL	39.000000000000	27,528
IMPROVEMENTS LEO	2014-06-30	41,893	23,740	SL	15.000000000000	2,793
RANCH HOUSE MIMS CASEY HOUSE	2014-06-30	197,472	61,038	SL	27.500000000000	7,181
IMPROVEMENTS PIT	2014-06-30	2,945	1,666	SL	15.000000000000	196
1995 STOCK TRAILER MIMS	2015-08-17	5,300	5,300	SL	7.000000000000	0
JOHN DEERE TRACTOR LEO	2015-04-30	35,762	35,762	SL	7.000000000000	0
ELECTRIC REPAIRS LEO	2015-08-17	1,113	293	SL	27.500000000000	40
ADDITIONS KENNEDY	2015-06-30	4,694	4,694	SL	7.000000000000	0
ADDITIONS LEO	2015-06-30	23,522	23,522	SL	7.000000000000	0
ADDITIONS LEO PAVILLION	2015-06-30	6,098	6,098	SL	7.000000000000	0
ADDITIONS MIMMS	2015-06-30	7,983	7,983	SL	7.000000000000	0
RANCH HOUSE IMPROV MIMMS	2015-06-30	16,365	4,487	SL	27.500000000000	595
FENCES PIT	2015-07-20	16,881	16,881	SL	7.000000000000	0
DOZIER WORK PIT	2015-07-20	1,100	1,100	SL	7.000000000000	0
2016 ADDITIONS HEARD	2016-06-30	19,806	18,389	SL	7.000000000000	1,417
2016 IMPROVEMENTS HEARD	2016-06-30	49,666	21,522	SL	15.000000000000	3,311
2017 ADDITIONS FOREMAN	2017-06-30	10,027	10,027	SL	5.000000000000	0
CATTLE PURCHASED	2018-06-30	17,000	10,930	SL	7.000000000000	2,429
SHEEP PURCHASED	2018-06-30	3,120	2,007	SL	7.000000000000	446
CATTLE PURCHASED	2019-06-30	23,001	11,501	SL	7.000000000000	3,286
DOG	2019-06-30	1,200	599	SL	7.000000000000	171
SHEEP PURCHASED	2019-06-30	3,900	1,950	SL	7.000000000000	557
BLOCK HOUSE	2019-12-15	124,884	21,854	SL	20.000000000000	6,244
CRANDALL PROPERTY	2019-06-15	1,316,898		L		0
FENCING FOREMAN PROPERTY	2019-06-30	76,483	38,241	SL	7.000000000000	10,926
HEARD WALKOVER	2019-06-30	4,743	2,373	SL	7.000000000000	678
JOSEY PAVILION	2019-04-15	1,000	500	SL	7.000000000000	143
LEO PROPERTY IMPROV	2019-06-30	19,698	4,596	SL	15.000000000000	1,313
WELL HOUSE PAD PITTMAN PROPERTY	2019-05-17	5,500	1,284	SL	15.000000000000	367
GEORGE RANCH PROPERTY	2019-06-30	5,631,719		L		0
GEORGE RANCH HOUSE REMODEL	2019-06-30	79,789	13,962	SL	20.000000000000	3,989
MIMMS RANCH SPAYER	2019-06-30	6,002	3,000	SL	7.000000000000	857
2019 TOYOTA TACOMA	2019-07-30	35,755	25,029	SL	5.000000000000	7,151
FENCING STILLWATER	2020-04-30	8,747	3,125	SL	7.000000000000	1,250
MOWER LEO	2020-03-10	10,800	5,400	SL	5.000000000000	2,160
FENCING BLOCK PROPERTY	2020-02-01	69,620	24,865	SL	7.000000000000	9,946
STORAGE CONTAINER BLOCK PROPERTY	2020-03-01	5,625	2,813	SL	5.000000000000	1,125
BLOCK HOUSE ROOF	2020-07-08	27,400	3,425	SL	20.000000000000	1,370
FENCING FOREMAN RANCH	2020-08-07	112,410	40,147	SL	7.000000000000	16,059
FENCING HEARD RANCH	2020-07-30	5,160	1,843	SL	7.000000000000	737
FENCING LEO RANCH	2020-07-30	3,500	1,250	SL	7.000000000000	500
FENCING AND PENS GEORGE RANCH	2020-03-14	30,551	10,910	SL	7.000000000000	4,364
FENCING KENNEDY	2020-05-08	3,762	1,343	SL	7.000000000000	537
SHEEP PURCHASED HODGES	2021-07-01	2,250	482	SL	7.000000000000	321
2021 DODGE RAM BEAR CREEK	2021-05-18	59,869	17,961	SL	5.000000000000	11,974
FENCING CRANDALL RANCH	2021-07-01	108,440	23,237	SL	7.000000000000	15,491
FENCING FOREMAN RANCH	2021-07-01	66,945	14,346	SL	7.000000000000	9,564
FENCING HEARD RANCH	2021-07-01	27,204	5,829	SL	7.000000000000	3,886
FENCES GEORGE RANCH	2021-07-01	20,442	4,380	SL	7.000000000000	2,920
VARIOUS RANCH EQUIPMENT	2005-01-01	384,422	384,422	SL	7.000000000000	0
KNIGHT PROPERTY	2021-08-27	2,933,798		L		0
ADJUSTMENTS TO LAND COSTS	2005-01-01	20,429,621		L		0
SEPTIC SYSTEM BLOCK PROPERTY	2022-03-21	9,920	579	SL	15.000000000000	661
RANCH HOUSE HEARD RANCH	2022-12-07	265,000	1,656	SL	20.000000000000	13,250
FENCES GEORGE RANCH	2022-03-07	11,141	1,393	SL	7.000000000000	1,592
26000 GAL TROUGH GEORGE RANCH	2022-03-07	10,645	1,331	SL	7.000000000000	1,521
FENCES KENNEDY RANCH	2022-02-18	17,316	2,164	SL	7.000000000000	2,474
SHIPPING CONTAINER KENNEDY RANCH	2022-04-25	2,300	205	SL	7.000000000000	329
EQUIPMENT - RAZER GRAZER	2023-03-07	11,398		SL	7.000000000000	9,281
EQUIPMENT - UTV FOR ALARNTIO	2023-05-31	18,745		SL	7.000000000000	15,264
WATER TREATMENT EQUIPMENT	2023-10-26	8,400		SL	7.000000000000	6,840
FURNITURE & FIXTURES	2023-11-14	2,164		SL	7.000000000000	1,762
HEARD PROPERTY- CONSTRUCTION	2023-01-21	60,000		SL	7.000000000000	48,857
HEARD PROPERTY- CONSTRUCTION	2023-03-08	65,600		SL	7.000000000000	53,417
HEARD PROPERTY- FENCE	2023-05-03	10,104		SL	7.000000000000	8,227
HEARD PROPERTY- GATE JAKE HOUSE	2023-11-10	3,500		SL	7.000000000000	2,850
VECHICLES	2023-04-27	70,225		SL	7.000000000000	57,183
WELL HOUSE	2023-10-06	9,150		SL	7.000000000000	7,451

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

THE DIXON WATER FOUNDATION

EIN:

75-2521176

Name of Stock	End of Year Book Value	End of Year Fair Market Value
CHARLES SCHWAB INVESTMENT ACCOUNT	8,065	8,065

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

THE DIXON WATER FOUNDATION

EIN:

75-2521176

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BAYOU BEND PETROLEUM	AT COST	16,500	16,500
MINERAL INTERESTS	AT COST	2,872,251	0
PARTNERSHIPS	AT COST	9,734	8,322

- TIN:

TY 2023 LandEtcSchedule2

Name:

THE DIXON WATER FOUNDATION

EIN:

75-2521176

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
PONDS LEO	7,132	6,069	1,063	1,063
PONDS LEO	245	204	41	41
FENCES PIT	850	754	96	96
GREENHOUSE LEO	7,002	5,775	1,227	1,227
RANCH HOUSE MIMS	295,147	156,068	139,079	139,079
FENCES MIMS	171,880	166,190	5,690	5,690
WATER TANKS & STORAGE MIMS	275,411	266,297	9,114	9,114
FENCES MIMS	57,374	51,650	5,724	5,724
RANCH HOUSE IMPROV MIMS	2,929	1,970	959	959
IMPROVEMENTS MIMS	21,578	17,987	3,591	3,591
IMPROVEMENTS MIMS	256,660	213,927	42,733	42,733
ROBERT WHITE WELL SERVICE MIMS	4,971	4,055	916	916
PAVILLION COSTS LEO	104,438	30,240	74,198	74,198
IMPROVEMENTS LEO	49,592	38,027	11,565	11,565
MOWER LEO	7,097	7,097	0	0
RISING PLATE METER LEO	778	778	0	0
PORTABLE CORRALS LEO	9,439	9,439	0	0
USED PATIO FURNITURE MIMS	1,300	1,300	0	0
KUBOTA TRACTOR MIMS	28,000	28,000	0	0
KUBOTA TRACTOR LOADER MIMS	17,000	17,000	0	0
IMPROVEMENTS LEO	32,342	22,641	9,701	9,701
PAVILLION COSTS LEO	1,186,082	320,614	865,468	865,468
BOB'S CUSTOM HOMES MIMS	55,000	20,250	34,750	34,750
IMPROVEMENTS MIMS	96,793	67,765	29,028	29,028
F150 FORD TRUCK LEO	29,499	29,499	0	0
IMPROVEMENTS LEO	13,824	8,759	5,065	5,065
2014 FORD PICKUP MIMS	42,541	42,541	0	0
IMPROVEMENTS LEO	99,470	62,995	36,475	36,475
IMPROVEMENTS MIMS	18,480	11,704	6,776	6,776
PAVILLION COSTS LEO	1,073,596	207,801	865,795	865,795
IMPROVEMENTS LEO	41,893	26,533	15,360	15,360
RANCH HOUSE MIMS CASEY HOUSE	197,472	68,219	129,253	129,253
IMPROVEMENTS PIT	2,945	1,862	1,083	1,083
1995 STOCK TRAILER MIMS	5,300	5,300	0	0
JOHN DEERE TRACTOR LEO	35,762	35,762	0	0
ELECTRIC REPAIRS LEO	1,113	333	780	780
ADDITIONS KENNEDY	4,694	4,694	0	0
ADDITIONS LEO	23,522	23,522	0	0
ADDITIONS LEO PAVILLION	6,098	6,098	0	0
ADDITIONS MIMMS	7,983	7,983	0	0
RANCH HOUSE IMPROV MIMMS	16,365	5,082	11,283	11,283
FENCES PIT	16,881	16,881	0	0
DOZIER WORK PIT	1,100	1,100	0	0
2016 ADDITIONS HEARD	19,806	19,806	0	0
2016 IMPROVEMENTS HEARD	49,666	24,833	24,833	24,833
2017 ADDITIONS FOREMAN	10,027	10,027	0	0
CATTLE PURCHASED	17,000	13,359	3,641	3,641
SHEEP PURCHASED	3,120	2,453	667	667
CATTLE PURCHASED	23,001	14,787	8,214	8,214
DOG	1,200	770	430	430
SHEEP PURCHASED	3,900	2,507	1,393	1,393
BLOCK HOUSE	124,884	28,098	96,786	96,786
CRANDALL PROPERTY	1,316,898	0	1,316,898	1,316,898
FENCING FOREMAN PROPERTY	76,483	49,167	27,316	27,316
HEARD WALKOVER	4,743	3,051	1,692	1,692
JOSEY PAVILION	1,000	643	357	357
LEO PROPERTY IMPROV	19,698	5,909	13,789	13,789
WELL HOUSE PAD PITTMAN PROPERTY	5,500	1,651	3,849	3,849
GEORGE RANCH PROPERTY	5,631,719	0	5,631,719	5,631,719
GEORGE RANCH HOUSE REMODEL	79,789	17,951	61,838	61,838
MIMMS RANCH SPAYER	6,002	3,857	2,145	2,145
2019 TOYOTA TACOMA	35,755	32,180	3,575	3,575
FENCING STILLWATER	8,747	4,375	4,372	4,372
MOWER LEO	10,800	7,560	3,240	3,240
FENCING BLOCK PROPERTY	69,620	34,811	34,809	34,809
STORAGE CONTAINER BLOCK PROPERTY	5,625	3,938	1,687	1,687
BLOCK HOUSE ROOF	27,400	4,795	22,605	22,605
FENCING FOREMAN RANCH	112,410	56,206	56,204	56,204
FENCING HEARD RANCH	5,160	2,580	2,580	2,580
FENCING LEO RANCH	3,500	1,750	1,750	1,750
FENCING AND PENS GEORGE RANCH	30,551	15,274	15,277	15,277
FENCING KENNEDY	3,762	1,880	1,882	1,882
SHEEP PURCHASED HODGES	2,250	803	1,447	1,447
2021 DODGE RAM BEAR CREEK	59,869	29,935	29,934	29,934
FENCING CRANDALL RANCH	108,440	38,728	69,712	69,712
FENCING FOREMAN RANCH	66,945	23,910	43,035	43,035
FENCING HEARD RANCH	27,204	9,715	17,489	17,489
FENCES GEORGE RANCH	20,442	7,300	13,142	13,142
VARIOUS RANCH EQUIPMENT	384,422	384,422	0	0
KNIGHT PROPERTY	2,933,798	0	2,933,798	2,933,798
ADJUSTMENTS TO LAND COSTS	20,429,621	0	20,429,621	20,429,621
SEPTIC SYSTEM BLOCK PROPERTY	9,920	1,240	8,680	8,680
RANCH HOUSE HEARD RANCH	265,000	14,906	250,094	250,094
FENCES GEORGE RANCH	11,141	2,985	8,156	8,156
26000 GAL TROUGH GEORGE RANCH	10,645	2,852	7,793	7,793
FENCES KENNEDY RANCH	17,316	4,638	12,678	12,678
SHIPPING CONTAINER KENNEDY RANCH	2,300	534	1,766	1,766
EQUIPMENT - RAZER GRAZER	11,398	9,281	2,117	2,117
EQUIPMENT - UTV FOR ALARNTIO	18,745	15,264	3,481	3,481
WATER TREATMENT EQUIPMENT	8,400	6,840	1,560	1,560
FURNITURE & FIXTURES	2,164	1,762	402	402
HEARD PROPERTY- CONSTRUCTION	60,000	48,857	11,143	11,143
HEARD PROPERTY- CONSTRUCTION	65,600	53,417	12,183	12,183
HEARD PROPERTY- FENCE	10,104	8,227	1,877	1,877
HEARD PROPERTY- GATE JAKE HOUSE	3,500	2,850	650	650
VECHICLES	70,225	57,183	13,042	13,042
WELL HOUSE	9,150	7,451	1,699	1,699
CLOSING COSTS	16,674	93	16,581	16,581

- TIN:

TY 2023 LegalFeesSchedule

Name:

THE DIXON WATER FOUNDATION

EIN:

75-2521176

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL	124,948	0	0	0

- TIN:

TY 2023 OtherAssetsSchedule

Name:

THE DIXON WATER FOUNDATION

EIN:

75-2521176

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
CLOSING COSTS		16,582

- TIN:

TY 2023 OtherExpensesSchedule

Name:

THE DIXON WATER FOUNDATION

EIN:

75-2521176

Description	Revenue and Expenses per Books	Adjusted Net Income	Disbursements for Charitable Purposes
401K EXPENSES	11,429	0	0
COSTS OF OPERATING ALL RANCHES	365,027	0	365,027
DUES AND SUBSCRIPTIONS	10,991	0	0
FUEL	2,476	0	0
GIFTS AND FLOWERS	8,537	0	0
INSURANCE	107,118	0	0
INTERNET EXPENSES	8,732	0	0
MEALS & ENTERTAINMENT	17,187	0	0
OFFICE SUPPLIES	1,949	0	0
OTHER	1,875	0	0
PAYROLL PROCESSING FEES	7,038	0	0
POSTAGE & DELIVERY	709	0	0
REPAIRS	38,401	0	0
TELEPHONE & COMMUNICATION	9,971	0	0
UTILITIES	11,755	0	0
MISCELLANEOUS CHARITABLE EVENTS	1,284	0	1,284
EDUCATIONAL EVENTS	22,137	0	22,137
TRUCK/TRACTOR/TRAILER	885	0	0
STAFF DEVELOPMENT	5,902	0	4,297
AMORTIZATION	93		0

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

THE DIXON WATER FOUNDATION

EIN:

75-2521176

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
NET PARTNERSHIP INCOME	1,412	1,412
LEASE	66,573	66,573
ROYALTY	503,312	503,312
CATTLE, HORSE AND SHEEP SALES	218,506		218,506
HUNTING INCOME	14,750		14,750
PASTURE SOIL CARBON CREDIT	69,950		69,950
SALE OF PRODUCT	180		180
OTHER RANCH INCOME	75,980		75,980

- TIN:

TY 2023 OtherLiabilitiesSchedule

Name:

THE DIXON WATER FOUNDATION

EIN:

75-2521176

Description	Beginning of Year - Book Value	End of Year - Book Value
CREDIT CARDS	2,194	7,238

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

THE DIXON WATER FOUNDATION

EIN:

75-2521176

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
CONSULTING FEES	2,250	0	0	0
BANK FEES	345	0	0	0

- TIN:

TY 2023 TaxesSchedule

Name:

THE DIXON WATER FOUNDATION

EIN:

75-2521176

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PROPERTY TAXES	22,956	22,956	0	0
PAYROLL TAXES	41,053	0	0	0