Michael W Budd Trust Equity

Dallas, TX
Tax-exempt since Dec. 1970
EIN: 52-6029952

Type of Nonprofit

Designated as a 4947(a)(1) Non-exempt charitable trusts.

Donations to this organization are not tax deductible.

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$7,662

Expenses

$5,464

Net Income

$2,198

Net Assets

$75,695

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,175	28.4%
Sales of Assets	$5,487	71.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,917	71.7%
Compensation of Officers*	$1,552	28.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$75,695
Total Liabilities	$0
Net Assets	$75,695

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America (Trustee)	$1,552	$0

990-PF

Filed on March 27, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$2,446

Expenses

$5,463

Net Income

-$3,017

Net Assets

$73,575

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,946	79.6%
Sales of Assets	$268	11.0%
Other Income	$232	9.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,778	69.2%
Compensation of Officers*	$1,837	33.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$73,575
Total Liabilities	$0
Net Assets	$73,575

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America (Trustee)	$1,837	$0

990-PF

Filed on April 24, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

-$2,481

Expenses

$9,000

Net Income

-$11,481

Net Assets

$76,614

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,570
Sales of Assets	-$4,051
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,584	62.0%
Compensation of Officers*	$3,995	44.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$76,614
Total Liabilities	$0
Net Assets	$76,614

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America (Trustee)	$3,995	$0

990-PF

Filed on April 11, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$19,667

Expenses

$8,480

Net Income

$11,187

Net Assets

$88,085

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,765	9.0%
Sales of Assets	$17,902	91.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,393	63.6%
Compensation of Officers*	$3,989	47.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$88,085
Total Liabilities	$0
Net Assets	$88,085

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America (Trustee)	$3,989	$0

990-PF

Filed on April 6, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$6,928

Expenses

$8,155

Net Income

-$1,227

Net Assets

$76,805

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,475	21.3%
Sales of Assets	$5,453	78.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,150	63.2%
Compensation of Officers*	$3,990	48.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$76,806
Total Liabilities	$1
Net Assets	$76,805

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$3,990	$0

990-PF

Filed on March 26, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$5,529

Expenses

$7,763

Net Income

-$2,234

Net Assets

$78,032

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,039	36.9%
Sales of Assets	$3,490	63.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,765	61.4%
Compensation of Officers*	$3,987	51.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$78,033
Total Liabilities	$1
Net Assets	$78,032

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$3,987	$0

990-PF

Filed on April 9, 2020

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$7,409

Expenses

$8,501

Net Income

-$1,092

Net Assets

$80,973

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,773	23.9%
Sales of Assets	$5,636	76.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,297	62.3%
Compensation of Officers*	$3,959	46.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$80,973
Total Liabilities	$0
Net Assets	$80,973

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$3,959	$0

990-PF

Filed on April 11, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$9,157

Expenses

$7,931

Net Income

$1,226

Net Assets

$81,939

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,804	19.7%
Sales of Assets	$7,341	80.2%
Other Income	$12	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,001	63.1%
Compensation of Officers*	$3,948	49.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$81,939
Total Liabilities	$0
Net Assets	$81,939

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$3,948	$0

990-PF

Filed on April 19, 2018

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$713

Expenses

$8,100

Net Income

-$7,387

Net Assets

$82,132

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,851	> 100%
Sales of Assets	-$1,138
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,607	69.2%
Compensation of Officers*	$3,969	49.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$82,132
Total Liabilities	$0
Net Assets	$82,132

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$3,969	$0

990-PF

Filed on March 31, 2017

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$4,127

Expenses

$8,361

Net Income

-$4,234

Net Assets

$90,331

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,184	52.9%
Sales of Assets	$1,549	37.5%
Other Income	$394	9.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,888	70.4%
Compensation of Officers*	$3,975	47.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$90,331
Total Liabilities	$0
Net Assets	$90,331

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$3,975	$0

990-PF

Filed on April 25, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$2,689

Expenses

$9,365

Net Income

-$6,676

Net Assets

$94,940

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,004	74.5%
Sales of Assets	$685	25.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,116	65.3%
Compensation of Officers*	$4,005	42.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$94,940
Total Liabilities	$0
Net Assets	$94,940

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Trustee)	$4,005	$0

990-PF

Filed on May 4, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$21,286

Expenses

$8,195

Net Income

$13,091

Net Assets

$99,393

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,219	10.4%
Sales of Assets	$19,083	89.7%
Other Income	-$16

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,785	70.6%
Compensation of Officers*	$3,905	47.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$99,393
Total Liabilities	$0
Net Assets	$99,393

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

-$1,923

Expenses

$7,919

Net Income

-$9,842

Net Assets

$86,350

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,311
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,666	71.5%
Compensation of Officers*	$3,609	45.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$86,350
Total Liabilities	$0
Net Assets	$86,350

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$6,617

Expenses

$8,314

Net Income

-$1,697

Net Assets

$96,166

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,155	47.7%
Sales of Assets	$3,462	52.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,089	73.2%
Compensation of Officers*	$3,571	43.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$96,166
Total Liabilities	$0
Net Assets	$96,166

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Michael W Budd Trust Equity

Organization summary

Type of Nonprofit

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001