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← W W CARUTH JR FOUNDATION

Form 990 for tax year 2022

Filed by W W CARUTH JR FOUNDATION.

Totals

Total revenue
$14,201,665
Total expenses
$15,990,110
Contributions and grants received
$0
Grants paid
$11,355,216
Program service revenue
$0
Investment income
$9,746,402
Other revenue
$4,455,263
Total assets, end of year
$483,813,543
Total liabilities, end of year
$9,622,078
Net assets or fund balances, end of year
$474,191,465
Program services expenses (Part IX)
$14,754,671
Management and general expenses
$1,235,439
Fundraising expenses
$0
Program service expenses (Part III)
$14,754,671

Program services were 92.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $2,363,517 · excluded $2,363,517

  • 6a · Gross rents

    real property $379,794

  • 6b · Less rental expenses

    real property $127,788

  • 6c · Rental income or loss

    real property $252,006

  • 6d · Net rental income or loss

    total $252,006 · excluded $252,006

  • 7a · Gross sales of assets other than inventory

    securities $125,959,617

  • 7b · Less cost or other basis and sales expenses

    securities $118,576,732

  • 7c · Gain or loss

    securities $7,382,885

  • 7d · Net gain or loss

    total $7,382,885 · excluded $7,382,885

  • 11a · Other revenue: K-1 INVESTMENT INCOME

    total $4,203,257 · unrelated business $197,186 · excluded $4,006,071

  • 11e · Other revenue, total

    $4,203,257

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,355,216 · program services $11,355,216

  • 5 · Compensation of officers, directors and key employees

    total $3,399,455 · program services $3,399,455

  • 11b · Fees: legal

    total $378 · management and general $378

  • 11c · Fees: accounting

    total $9,600 · management and general $9,600

  • 11f · Fees: investment management

    total $1,221,676 · management and general $1,221,676

  • 24a · Other expenses: DUES

    total $310 · management and general $310

  • 24e · All other expenses

    total $3,475 · management and general $3,475

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $465,596 · end of year $661,756

  • 4 · Accounts receivable

    beginning of year $137,690 · end of year $170,026

  • 10a · Land, buildings and equipment: cost or other basis

    $2,051,280

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $2,051,280 · end of year $2,051,280

  • 11 · Investments: publicly traded securities

    beginning of year $63,675,951 · end of year $53,302,184

  • 12 · Investments: other securities

    beginning of year $403,621,230 · end of year $427,614,297

  • 15 · Other assets

    beginning of year $5,600 · end of year $14,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $590,304 · end of year $963,118

  • 18 · Grants payable

    beginning of year $20,803,744 · end of year $8,658,960

  • 27 · Net assets without donor restrictions

    beginning of year $448,563,299 · end of year $474,191,465

Mission and programs · 2022

Mission

THIS TRUST WAS CREATED EXCLUSIVELY FOR THE COMMUNITIES FOUNDATION OF TEXAS (CFT), ITS SUPPORTED ORGANIZATION. CFT'S BOARD OF TRUSTEES DIRECTS FUNDING RECEIVED BY THE TRUST TO SUPPORT NONPROFITS IN THE FIELDS OF EDUCATION, PUBLIC SAFETY AND SCIENTIFIC AND MEDICAL RESEARCH TO WORK TOWARD SOLVING COMPLEX COMMUNITY ISSUES IN THESE AREAS.

Activities or mission (Part I)

THIS TRUST IS A SUPPORTING ORGANIZATION OF COMMUNITIES FOUNDATION OF TEXAS AND DIRECTS FUNDING TOWARDS EDUCATION, PUBLIC SAFETY, AND SCIENTIFIC RESEARCH.

  • THE FOUNDATION ACHIEVES ITS MISSION BY MAKING GRANTS TO THE SUPPORTED ORGANIZATION, COMMUNITIES FOUNDATION OF TEXAS, WHICH DIRECTS FUNDS RECEIVED BY THE FOUNDATION TO QUALIFIED SCIENTIFIC AND MEDICAL RESEARCH, EDUCATION AND PUBLIC SAFETY. PROFESSIONAL SERVICES FEES ARE PAID TO CFT FOR ADMINISTRATIVE AND GRANT-MAKING ACTIVITIES.

    Expenses $14,754,671 · Grants $11,355,216

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Communities Foundation Of Texas

    TRUSTEE

    Total calculated
    $3,533,745
    From this org
    $0
    From related orgs
    $0
    Other
    $3,533,745
    Hours/week
    35

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MEDALLION CENTER PARTNERS GP LLC

    REAL ESTATE MANAGEMENT · TX · income $2,606 · assets $30,561

    Directly controlled by WW CARUTH JR FOUNDATION

  • SUNCOAST CENTRAL CONTROL LLC

    REAL ESTATE MANAGEMENT · FL · income -$6,048 · assets $680,475

    Directly controlled by WW CARUTH JR FOUNDATION

  • TEXAS CENTRAL CONTROL LLC

    REAL ESTATE · TX · income $239,665 · assets $2,171,987

    Directly controlled by WW CARUTH JR FOUNDATION

  • SII 1 LLC

    REAL ESTATE · TX · income -$11,874 · assets $433,519

    Directly controlled by WW CARUTH JR FOUNDATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MEDALLION CENTER PARTNERS LP

    EXCLUDED · REAL ESTATE · TX · 99.9% owned · share of income $2,603,701 · share of assets $21,599,718

    Directly controlled by WW CARUTH JR FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • EXPRESSWAY CENTRAL CONTROL CO

    C · REAL ESTATE MANAGEMENT · TX · 100% owned · share of income $911,099 · share of assets $5,750,907 · controlled entity

    Directly controlled by WW CARUTH JR FOUNDATION

  • FLORIDA CENTRAL CONTROL INC

    C · REAL ESTATE MANAGEMENT · TX · 100% owned · share of income -$26,911 · share of assets -$136,805 · controlled entity

    Directly controlled by WW CARUTH JR FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
6 March 2024
IRS schema version
2022v5.0
Source object
202400729349301400

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