Dewalt Cemetery Foundation

“Per the bylaws of the dewalt cemetery foundation trustees of the foundation shall consist of descendants whose names are recorded in the genealogical records of the foundation as a descendant of the dewalt, cessna, robinson, roane, and martin families, their families, or their descendants. Therefore all officers, directors, trustees, and key employees have a family relationship.”

“WE HAVE NO COMMITTEES.”

“The 990 return is reviewed by grant roane and the board of trustees.”

“The officers and trustees of the foundation are furnished with a copy of the conflict of interest policy. This policy is reviewed annually at the regular board meeting. All officers and trustees are encouraged to report any potential conflicts as they arise.”

“All governing documents and financial statements are made available to the public upon request.”

“The dewalt cemetery foundation is filing a 990 amended tax return for the 2021 tax year. On the original return, the foundation reported that it earned unrelated investment income and unrelated business income from the sale of assets other than inventory on part viii. The part viii reporting on the original return was incorrect and has been adjusted on this amended return. On amended return, the investment income on line 3 of part viii and the net gain from sales of assets other than inventory on line 7d of part viii are reported in column d (revenue excluded from tax under sections 512-514). The investment income recieved in 2021 was interest income from certificates of deposit accounts with independent bank and texas gulf bank. As for line 7, the foundation sold their lease contract with cc holdings gsv llc to tpa v, llc on july 23, 2021. These 2021 revenue streams are excluded under sections 512 - 514.”