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
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 CHARLES C MATTHEWS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 1138
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CARTHAGE, TX75633
A Employer identification number

75-2741045
B Telephone number (see instructions)

(903) 693-7837
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$17,265,021J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 317 317 317
4 Dividends and interest from securities... 190,776 190,731 190,776
5a Gross rents............ 7,000 7,000 7,000
b Net rental income or (loss) 2,616
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
121,298
b Gross sales price for all assets on line 6a 872,457
7 Capital gain net income (from Part IV, line 2)... 159,165
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
427,977 427,977 427,977
12 Total. Add lines 1 through 11........ 747,368 785,190 626,070
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 325,000 243,750   81,250
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
12,000 3,000   9,000
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
13,000 11,700   1,300
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
17,383 17,383    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
11,389 11,389  
20 Occupancy.............. 2,114 2,114    
21 Travel, conferences, and meetings....... 800 800    
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
83,376 83,126 4,384 250
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 465,062 373,262 4,384 91,800
25 Contributions, gifts, grants paid....... 721,826 721,826
26 Total expenses and disbursements. Add lines 24 and 25 1,186,888 373,262 4,384 813,626
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -439,520
b Net investment income (if negative, enter -0-) 411,928
c Adjusted net income (if negative, enter -0-)... 621,686
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 264,112 338,211 338,211
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.......... 17,783 12,511 12,511
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,223,327 Click to see attachment
List of Attached Documents:
// Content
3,040,528 		6,138,902
c Investments—corporate bonds (attach schedule)....... 60,511 Click to see attachment
List of Attached Documents:
// Content
60,511 		50,245
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).......... 8,333,488 Click to see attachment
List of Attached Documents:
// Content
7,998,315 		8,701,480
14 Land, buildings, and equipment: basis right arrow2,143,625
Less: accumulated depreciation (attach schedule) right arrow298,692 1,838,800 Click to see attachment
List of Attached Documents:
// Content
1,844,933 		1,844,933
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
180,489 		Click to see attachment
List of Attached Documents:
// Content
178,739 		Click to see attachment
List of Attached Documents:
// Content
178,739
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,918,510 13,473,748 17,265,021
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 13,918,510 13,473,748
29 Total net assets or fund balances (see instructions)..... 13,918,510 13,473,748
30 Total liabilities and net assets/fund balances (see instructions). 13,918,510 13,473,748
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
13,918,510
2
Enter amount from Part I, line 27a .....................
2
-439,520
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
30
4
Add lines 1, 2, and 3 ..........................
4
13,479,020
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
5,272
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,473,748
Form 990-PF (2023)
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 		(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 2 159,165
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
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 5,726
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 5,726
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 5,726
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 12,511
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 12,511
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 6,785
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow6,785 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowTX
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? 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
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 arrowN/A
14
The books are in care ofright arrowRAYMOND C SCHIEFFER PC CPA Telephone no.right arrow (903) 693-7837

Located atright arrow1146 W PANOLACARTHAGETX ZIP+4right arrow75633
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 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)
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
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
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.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
ROBERT M UNDERWOOD TRUSTEE
10.00 		65,000 0 0
PO BOX 1138
CARTHAGE,TX75633
RICHARD BALLENGER TRUSTEE
7.50 		65,000 0 0
1276 STATE HWY 149
CARTHAGE,TX75633
JIMMY D PAYNE TRUSTEE
2.50 		65,000 0 0
CR 304
CARTHAGE,TX75633
DAVID BUSH TRUSTEE
7.50 		65,000 0 0
665 CR 403
CARTHAGE,TX75633
VERMOYN D REEDER TRUSTEE
2.50 		65,000 0 0
110 CR 1081
CARTHAGE,TX75633
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 (2023)
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  
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 (2023)
Form 990-PF (2023)
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
14,391,598
b
Average of monthly cash balances.......................
1b
178,575
c
Fair market value of all other assets (see instructions)................
1c
1,844,933
d
Total (add lines 1a, b, and c).........................
1d
16,415,106
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
16,415,106
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
246,227
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
16,168,879
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
808,444
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
808,444
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
5,726
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
5,726
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
802,718
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
802,718
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
802,718
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
813,626
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
813,626
Form 990-PF (2023)
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 7 802,718
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 721,448
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 813,626
a Applied to 2022, but not more than line 2a 721,448
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 2023 distributable amount..... 92,178
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		710,540
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 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (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 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) 2023 (b) 2022 (c) 2021 (d) 2020
         
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
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)
aPaid during the year

BECKVILLE ISD FOUNDATION
BECKVILLE ISD FOUNDATION
1 BEARCAT DR
1 BEARCAT DR
BECKVILLE,TX75631 		NONE PC DONATION 30,000

CARTHAGE ISD ATHLETIC DEPT
CARTHAGE ISD ATHLETIC DEPT
1 BULLDOG DR
1 BULLDOG DR
CARTHAGE,TX75633 		NONE PC DONATION 3,500

CARTHAGE ISD FOUNDATION
CARTHAGE ISD FOUNDATION
1 BULLDOG DR
1 BULLDOG DR
CARTHAGE,TX75633 		NONE PC SCHOLARSHIPS 100,000

CITY OF CARTHAGE
CITY OF CARTHAGE
812 W PANOLA ST
812 W PANOLA ST
CARTHAGE,TX75633 		NONE GOV FIRE DEPT TANK CAR SAFETY CLASSES 2,550

CITY OF CARTHAGE
CITY OF CARTHAGE
812 W PANOLA ST
812 W PANOLA ST
CARTHAGE,TX75633 		NONE GOV FIRE TRAINING FACILITY 50,000

FIRST UNITED METHODIST CHURCH
FIRST UNITED METHODIST CHURCH
201 S SHELBY
201 S SHELBY
CARTHAGE,TX75633 		NONE RELIGIOUS DONATION - BUILDING FUND 5,000

GARY INDEPENDENT SCHOOL DISTRICT
GARY INDEPENDENT SCHOOL DISTRICT
132 BOBCAT TRAIL
132 BOBCAT TRAIL
GARY,TX75643 		NONE PC SCHOLARSHIPS 15,000

PANOLA CNTY HIST & GENELOGICAL SCTY
PANOLA CNTY HIST & GENELOCIAL SOCIETY
100 EAST SABINE
100 EAST SABINE
CARTHAGE,TX75633 		NONE PC DONATION 5,000

PANOLA CO BASEBALL ASSOCIATION
PANOLA CO BASEBALL ASSOCIATION
PO BOX 182
PO BOX 182
CARTHAGE,TX75633 		NONE PC DONATION 250

PANOLA CO CANCER COALITION
PANOLA CO CANCER COALITION
PO BOX 70
PO BOX 70
CARTHAGE,TX75633 		NONE PC DONATION 15,000

PANOLA CO CATTLEMEN'S ASSOC
PANOLA CO CATTLEMEN'S ASSOC
173 ROE ST
173 ROE ST
CARTHAGE,TX75633 		NONE PC SCHOLARSHIPS 4,000

PANOLA CO VETERANS RELIEF FUND
PANOLA CO VETERANS RELIEF FUND
PANOLA CO COURTHOUSE
PANOLA CO COURTHOUSE
CARTHAGE,TX75633 		NONE PC DONATION 1,000

PANOLA COLLEGE
PANOLA COLLEGE
1109 W PANOLA
1109 W PANOLA
CARTHAGE,TX75633 		NONE PC ENERGY BUILDING 300,000

PANOLA COLLEGE
PANOLA COLLEGE
1109 W PANOLA
1109 W PANOLA
CARTHAGE,TX75633 		NONE PC SCHOLARSHIPS 12,026

PANOLA COLLEGE
PANOLA COLLEGE
1109 W PANOLA
1109 W PANOLA
CARTHAGE,TX75633 		NONE PC ENDOWMENT 121,000

PANOLA COUNTY SHRINE CLUB
PANOLA COUNTY SHRINE CLUB
403 N DAVIS
403 N DAVIS
CARTHAGE,TX75633 		NONE PC DONATION 5,000

PANOLA SOIL & WATER CONSERV DIST
PANOLA SOIL & WATER CONSERV DIST
PO BOX 184
PO BOX 184
CARTHAGE,TX75633 		NONE GOV DONATION 5,000

SHRINER'S HOSPITAL FOR CHILDREN
SHRINER'S HOSPITAL FOR CHILDREN
2900 ROCKY POINT DRIVE
2900 ROCKY POINT DRIVE
TAMPA,FL33607 		NONE PC DONATION 5,000

ST JUDE'S CHILDREN RESEARCH CENTER
ST JUDE'S CHILDREN RESEARCH CENTER
501 ST JUDE PLACE
501 ST JUDE PLACE
MEMPHIS,TN38105 		NONE PC DONATION 7,500

STILL WATERS COWBOY CHURCH
STILL WATERS COWBOY CHURCH
PO BOX 166
PO BOX 166
CARTHAGE,TX75633 		NON RELIGIOUS CHILDREN'S EXPANSION PROJ BLDG 35,000
Total .................................right arrow 3a 721,826
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
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
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 317  
4 Dividends and interest from securities ....     14 190,776  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 2,616  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     15 426,275  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    14 159,165 -37,867
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aENTPRISE PP LP K-1 ORD LOSS 		    1 -1,121  
bENERGY TRNSFR LP K-1 ORD LO     1 -158  
cENERGY TRNSFR LP K-1 RENTAL     1 -1  
dMPLX LP K-1 ORD INCOME     1 1,569  
eENTERPRISE PP K-1 OTHER LOS     1 -2  
fOAKTREE CAP K-1 OTHER INC     1 36  
gAVANTAX - OTHER INCOME     1 1,379  
12 Subtotal. Add columns (b), (d), and (e) ..   780,851 -37,867
13Total. Add line 12, columns (b), (d), and (e)..................
13
742,984
(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.)
8 CAMP HOUSE
8 CORRAL
8 BARN W/SHED
Form 990-PF (2023)
Form 990-PF (2023)
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 (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 13,000 11,700   1,300

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TY 2023 AmortizationSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
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
REFORESTATION 2011-12-31 43,524 43,524 7.0000       43,524

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TY 2023 DepreciationSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
RANCH BUILDING 2010-04-28 42,530 13,222 S/L 39.0000 1,091 1,091    
RANCH LAND -- 715.63 AC 2010-04-28 530,146              
WATER WELL 2011-12-11 983 983 S/L 7.0000        
SMITH RANCH HOUSE 2013-04-16 255,700 62,286 S/L 39.0000 6,557 6,557    
FENCING & GATES 2013-04-16 102,121 102,121 S/L 7.0000        
JW SMITH PONDS -- CONSV EXP 2013-01-01 150,000 16,011   20.0000 1,750 1,750    
J W SMITH LAND -- 432.197 AC 2013-04-16 829,638              
FENCING & GATES 2014-12-16 12,000 12,000 S/L 7.0000        
BREVARD TRACT LAND 2014-12-16 108,613              
PONDS - BREVARD LAND CONSERVATION 2014-12-16 5,000     20.0000        
CAMP HOUSE 2015-06-09 4,000 2,000 S/L 15.0000 133 133    
CORRAL 2015-06-09 3,500 3,500 S/L 7.0000        
FENCING 2015-06-09 30,000 30,000 S/L 7.0000        
JE METCALF LAND - 270.755 ACRS 2015-06-09 141,113              
BARN W/SHED 2013-04-16 15,000 14,250 S/L 10.0000 750 750    
FENCING 2022-06-06 2,139 153 S/L 7.0000 305 305    
PONDS - MAJOR DAMAGE 2019-08-31 41,500              
MAJOR ROAD REPAIRS 2023-05-21 18,070   S/L 15.0000 703 703    
BBQ GRILL 2023-11-07 1,400   S/L 7.0000 100 100    

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TY 2023 GainLossSaleOtherAssetsSch
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
CAMP HOUSE 2015-06 PURCHASE 2023-06     4,000     -1,867 2,133
CORRAL 2015-06 PURCHASE 2023-06     3,500       3,500
BARN W/SHED 2013-04 PURCHASE 2023-06     15,000       15,000
AVANTAX S/T 2023-01 PURCHASE 2023-12   60,738 70,421     -9,683  
AVANTAX L/T 2010-04 PURCHASE 2023-12   651,215 678,677     -27,462  
CASH IN LIEU - AVANTAX 2010-04 PURCHASE 2023-12   1,339       1,339  
ENERGY TRNSFR K-1 NET CAP GAINS LOSS 2010-04 PURCHASE 2023-12     194     -194  

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Name of Bond End of Year Book Value End of Year Fair Market Value
MORGAN STANLEY 6% STOXX NOTE 60,511 50,245

TY 2023 InvestmentsCorpStockSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 59,186 137,587
ABBVIE INC 101,298 251,051
ALPHABET INC (GOOGLE) 29,972 27,938
ALTRIA GROUP 109,693 96,614
AMAZON INC 66,653 60,776
AMERICAN ELECTRIC POWER 36,637 71,067
APPLE INC 149,334 687,910
APPLIED MATERIALS 80,739 361,416
ASTRAZENECA 25,661 28,489
AT&T    
BERKSHIRE HATHAWAY 83,372 231,829
BP PLC 69,750 68,039
BRISTOL-MYERS 60,496 89,792
CATERPILLAR 64,835 206,969
CHENIERE ENERGY INC 25,341 23,899
CHEVRON CORP 120,386 186,450
COCA COLA COMPANY 34,052 58,930
CONOCOPHILLIPS 56,379 116,070
CVS CORP    
DOW INC 30,490 34,714
ELI LILLY & CO 33,144 78,694
ENERGY TRANSFER LP (MERGER) 4,171 22,066
ENTERPRISE PROD PTRS LP 10,743 76,679
EXXONMOBIL 106,686 139,972
FORTUNE BRANDS HOME & SEC INC 17,894 39,973
INTEL 69,514 105,877
JP MORGAN CHASE 65,825 211,775
KINDER MORGAN INC    
MARATHON PETROLEUM CORP 32,889 82,340
MASTERBRAND INC (SPINOFF) 2,391 7,796
MEDTRONIC INC 16,683 24,714
MICROSOFT 43,778 274,509
MONDELEZ INTL (KRAFT SPINOFF) 33,844 76,052
MPLX LP COM PTR 1,733 40,025
NETFLIX INC 48,734 58,426
NVIDIA CORP 33,194 55,465
ORACLE 93,429 295,099
PAYCHEX 22,281 59,555
PAYPAL HOLDINGS INC    
PEPSICO 37,175 80,504
PFIZER INC 25,601 15,230
PIEDMONT OFFICE REALTY    
PROCTOR & GAMBLE 67,199 146,540
ROYAL DUTCH SHELL PLC 110,806 117,914
SOUTHERN CO 46,714 87,650
SPDR DOW JONES 10,305 33,918
SPDR UTILITIES SELECT 39,296 63,330
TESLA INC 20,338 24,848
TOTAL SA 55,625 69,671
UNITEDHEALTH GROUP 63,431 335,361
US AEROSPACE & DEFENSE 75,474 96,976
VERIZON 43,636 30,160
WALMART 83,540 157,650
WELLS FARGO 60,082 67,136
ZIMMER HOLDINGS 55,934 78,131
METLIFE 5.625% - PREFERRED 162,942 153,634
OAKTREE CAP 6.625% - PREFERRED 136,628 92,316
PUBLIC STORAGE 5.05% - PREFERRED 104,595 99,376

TY 2023 InvestmentsOtherSchedule2
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
JACKSON NATL -- PERSPECTIVE II AT COST 2,409,173 2,179,824
NATIONWIDE -- DESTINATION AT COST 1,906,155 1,792,303
AM FUNDS AMCAP/A AT COST 113,898 144,824
AM FUNDS - BALANCED/A AT COST 67,974 85,506
AM FUNDS - AMERICAN MUTUAL/A AT COST 133,135 160,535
AM FUNDS - WASH MUTUAL INVESTORS/A AT COST 151,183 190,494
AM FUNDS - CAPITAL INCOME BLDR/A AT COST 48,817 59,271
AM FUNDS - GROWTH FD OF AMER/A AT COST 177,654 243,022
AM FUNDS - INCOME FD/A AT COST 73,152 77,220
AM FUNDS - INV CO AM/A AT COST 79,956 100,926
AM FUNDS - NEW PERSPECTIVE FD/A AT COST 155,929 219,822
AM FUNDS - NEW ECONOMY/A AT COST 110,433 144,119
AM FUNDS - SMALL CAP WORLD/A AT COST 105,937 130,747
AM FUNDS - CAPITAL WLD G&I FD/A AT COST 83,194 114,295
AM FUNDS - EUROPACIFIC GR FD/A AT COST    
DWS CORE EQUITY/A AT COST 148,054 171,238
DWS HEALTH & WELLNESS/A AT COST    
DWS RREEF GLOBAL INFR FD/A AT COST    
DWS REAL ESTATE SEC/A AT COST    
DWS TECHNOLOGY/A AT COST 140,783 164,951
FRANKLIN DYNATECH/A AT COST 104,859 170,711
FRANKLIN CUST GROWTH/A AT COST 85,896 102,565
FRANKLIN CUST UTIL/A AT COST 175,053 175,287
FRANKLIN MGD TR RISING/A AT COST 144,440 158,051
HARTFORD CAPITAL APP FD/A AT COST 93,396 100,596
MFS LOW VOLATILITY EQTY/A AT COST    
MFS GROWTH/A AT COST 73,653 122,276
ALLIANZ CONVERTIBLE/A AT COST 57,317 57,180
ALLIANZ RCM GLBL WATER/A AT COST 68,505 94,572
ALLIANZ GL FOCUS GRW/A AT COST 51,607 67,406
PUTNAM SUSTAINABLE LEADERS AT COST 410,936 517,288
PUTNAM LRG CAP VALUE/A AT COST 149,118 200,570
PUTNAM GROWTH OPPORT/A AT COST 195,436 277,410
COLUMBIA-SELIGMAN GLOBAL TECH A AT COST 412,082 580,337
ADT 327 INSURED TE MUNI SER 2 AT COST    
ADT 2078 UBIQUIT 2021-3 AT COST    
ADT 2124 AERO/DEF OPPS AT COST 20,144 24,143
ADT 2130 UBUQ 2022-2 AT COST 50,446 73,991

TY 2023 LandEtcSchedule2
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
RANCH BUILDING 42,530 14,313 28,217 28,217
WATER WELL 983 983    
FENCING 2,139 458 1,681 1,681
REFORESTATION 43,524 43,524    
REFORESTATION - METCALF TRACT 25,648 25,648    
SMITH RANCH HOUSE 255,700 68,842 186,858 186,858
FENCING & GATES 102,121 102,121    
BARN WITH SHED        
MAJOR ROAD REPAIRS 18,070 703 17,367 17,367
BBQ GRILL 1,400 100 1,300 1,300
FENCING & GATES -- BREVARD TRACT 12,000 12,000    
CAMP HOUSE -- METCALF TRACT        
CORRAL -- METCALF TRACT        
FENCING -- METCALF TRACT 30,000 30,000    
RANCH LAND - 715.63 ACRES 530,146   530,146 530,146
J W SMITH LAND - 432.197 ACRES 829,638   829,638 829,638
BREVARD TRACT LAND - 21 ACRES 108,613   108,613 108,613
J E METCALF LAND - 270.755 ACRES 141,113   141,113 141,113


TY 2023 LegalFeesSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ATTORNEY FEES 12,000 3,000   9,000


TY 2023 OtherAssetsSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PONDS - JW SMITH ESTATE 150,000 150,000 150,000
PONDS - BREVARD TRACT 5,000 5,000 5,000
POND DAM - MAJOR REPAIRS 41,500 41,500 41,500
LESS CONSV EXP -16,011 -17,761 -17,761


TY 2023 OtherDecreasesSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Description Amount
2022 INCOME TAX 5,272


TY 2023 OtherExpensesSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PASTURE RENTAL        
REPAIRS & MAINTENANCE - RANCH 3,354 3,354 3,354  
RANCH LABOR 1,030 1,030 1,030  
EXPENSES        
ENTERPRISE PP LP K-1 NON DEDU 14 14    
ENTERPRISE PP LP K-1 SEC 1231 17 17    
ENERGY TRSFR LP K-1 NON DEDU 3 3    
ENERGY TRSFR LP K-1 OTHER DED 260 260    
MPLX LP K-1 NON DEDUCTBLE EXP 7 7    
MPLX LP K-1 SEC 1231 G/L 6 6    
ROYALTY OTHER DEDUCTIONS 41,946 41,946    
ROYALTY SEVERANCE TAX 29,497 29,497    
SAFE DEPOSIT BOX RENTAL 95 95    
INVESTMENT FEES -- HD VEST 217 217    
INSURANCE 4,848 4,848    
OFFICE SUPPLIES 250     250


TY 2023 OtherIncomeSchedule2
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
CHEVRON - OTHER INCOME 2 2 2
CHEVRON USA 92,246 92,246 92,246
COMSTOCK RESRC 59 59 59
FAULCONER ENERGY 69 69 69
LACY SERVICES 15,118 15,118 15,118
NEW HORIZONS 1,601 1,601 1,601
PETROQUEST 1,942 1,942 1,942
ROCKCLIFF ENERGY 276,336 276,336 276,336
SABINE 2,127 2,127 2,127
TGNR EAST TX LLC 36,181 36,181 36,181
XTO 594 594 594
ENTPRISE PP LP K-1 ORD LOSS -1,121 -1,121 -1,121
ENERGY TRNSFR LP K-1 ORD LOSS -158 -158 -158
ENERGY TRNSFR LP K-1 RENTAL -1 -1 -1
MPLX LP K-1 ORD INCOME 1,569 1,569 1,569
ENTERPRISE PP K-1 OTHER LOSS -2 -2 -2
OAKTREE CAP K-1 OTHER INC 36 36 36
AVANTAX - OTHER INCOME 1,379 1,379 1,379


TY 2023 OtherIncreasesSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Description Amount
AVANTAX UNRECAP SEC 1250 GAIN 26
ROUNDING 4


TY 2023 TaxesSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROPERTY TAXES - PROPERTY 7,721 7,721    
PROPERTY TAXES - ROYALTY 7,600 7,600    
FOREIGN TAX - HD VEST 2,062 2,062