2026-07-27T20:15:08-04:00 2025-12-31 752357065 BURDS REED & MERCER PC 4144 N CENTRAL EXPY STE 1230 DALLAS TX 75204 990PF 2025-01-01 752671320 JL WILLIAMS FOUNDATION INC JLWI 9725883636 PO BOX 797464 DALLAS TX 75230 JULIA UNDERWOOD SEC TREAS 9725883636 2026-07-15 true ROBERT F BURDS P00148278 2142192600 2026-07-27 2025 2025-03-06 01:10:19Z X 23910517 X X 147037 147037 291551 291551 1523628 2009344 1283896 13203 20707 1975419 1743191 216000 194400 21600 23844 21460 2384 9850 9850 5695 5695 181 181 84710 84710 340280 316296 23984 1240000 1240000 1580280 316296 1263984 395139 1426895 169689 88191 23517 4898974 3505963 3505963 5979020 7245073 17408253 1731834 2146197 2408044 -194320 -229780 564740 12585197 12755644 23910517 0 X 12585197 12755644 12585197 12755644 12585197 12755644 12585197 395139 12980336 224692 12755644 UBS QGARP 2397 ST P 2025-01-01 2025-12-31 67728 77214 -9486 -9486 UBS QGARP 2397 LT P 2024-01-01 2025-12-31 287599 190726 96873 96873 UBS DIVRULER 2395 ST P 2025-01-01 2025-12-31 36656 34330 2326 2326 UBS DIVRULER 2395 LT P 2024-01-01 2025-12-31 282014 183446 98568 98568 WELLS FARGO 2921 ST P 2025-01-01 2025-12-31 344391 344391 344391 WELLS FARGO 2921 LT P 2024-01-01 2025-12-31 682282 682282 682282 K-1 - LTCG P 2024-01-01 2025-12-31 7179 7179 7179 K-1 - SEC 1231 GAIN P 2024-01-01 2025-12-31 61124 61124 61124 PRTNSHP LIQUIDATION - PHOENIX V P 2024-01-01 2025-12-31 526 526 526 1283896 337231 19834 19834 19834 17000 17000 X 25 2859 false false false false false true true false true true TX true false false false false true NONE JULIA UNDERWOOD 9725883636 PO BOX 797464 DALLAS TX 75379 false false false false false false false false false false false false false false false false false false false false RJ PIPES 5931 MELETIO LANE DALLAS TX 75230 CHAIRMAN 20.00 100000 0 0 JONELL H WILLIAMS 6918 HILLPARK DALLAS TX 75230 PRESIDENT 10.00 40000 0 0 JULIA UNDERWOOD PO BOX 797464 DALLAS TX 75379 SEC TREAS 25.00 40000 0 0 ANDREA CONNOLLY 311 RIDGEBRIAR DRIVE RICHARDSON TX 750801920 DIRECTOR 10.00 18000 0 0 RICHARD WILLIAMS 227 SKY SAIL NEW BERN NC 28560 DIRECTOR 10.00 18000 0 0 NONE NONE N/A 18348383 3879771 2709871 24938025 24938025 374070 24563955 1228198 1228198 19834 19834 1208364 1208364 1208364 1263984 1263984 1208364 1163911 1263984 1163911 100073 1108291 JULIA UNDERWOOD PO BOX 797464 DALLAS TX 75379 9725883636 NO REQUIRED FORMS NONE NO RESTRICTIONS ARMY SCHOLARSHIP FOUNDATION 11700 PRESTON RD SUITE 660-301 DALLAS TX 75230 N/A PF SCHOLARSHIPS FOR CHILDREN OF US ARMY 20000 AUSTIN STREET SHELTER PO BOX 71079 DALLAS TX 75371 N/A PC FOOD/SHELTER/MEDICAL FOR HOMELESS 15000 BUCKNER CHILDREN AND FAMILY SERVICE 700 N PEARL ST SUITE 1200 DALLAS TX 75201 N/A PC FOOD PANTRY, CLOTHING, FURNITURE ETC 10000 COMMUNITY COUNCIL OF GREATER DALLAS 1341 MOCKINGBIRD LANE SUITE 1000 W DALLAS TX 75247 N/A PC RENT/MORTGAGE/UTILITIES ASSISTANCE 20000 COMMUNITY PARTNERS OF DALLAS 7950 ELMBROOK DALLAS TX 75247 N/A PC NEEDS OF HOMELESS CHILDREN 10000 DALLAS MORNING NEWS CHARITIES 1954 COMMERCE ST DALLAS TX 75201 N/A PC MULTI CHARITIES 140000 FW HOPE CENTER 3625 EAST LOOP 820 SOUTH FORT WORTH TX 76119 N/A PC FOOD DISTRIBUTION PROGRAM 5000 GENESIS 2023 LUCAS DRIVE DALLAS TX 75219 N/A PC DOMESTIC ABUUSE VIOLENCE SHELTER 20000 GUIDE DOGS OF TEXAS INC 1503 ALLENA DRIVE SAN ANTONIO TX 78213 N/A PC INMATES TRAIN DOGS 10000 HOPE SUPPLY CO 10480 SHADY TRAIL SUITE 104 DALLAS TX 75220 N/A PC NEEDS FOR CHILDREN-DIAPERS, ITEMS 20000 HUNGER BUSTER 3116 SYLVAN AVE DALLAS TX 75212 N/A PC 3RD MEALS TO 3,500 STUDENTS A DAY 10000 LUMIN EDUCATION 7130 LINDSLEY DALLAS TX 75223 N/A PC EARLY CHILD EDUCATION 25000 MEALS OF WHEELS 600 N TENNESSEE MCKINNEY TX 75069 N./A PC HELPING DISABLED AND OLDER ADULTS 15000 MEALS OF WHEELS - VNA W MOCKINGBIRD SUITE 700 DALLAS TX 75247 N./A PC HELPING DISABLED AND OLDER ADULTS 15000 NORTH TEXAS FOOD BANK 3677 MAPLESHADE LANE PLANO TX 75075 N/A PC FEEDING THE POOR 600000 NOW FORWARD 2875 MERRELL ROAD DALLAS TX 75229 N/A PC FOOD/CLOTHING FOR SENIOS/DISABLED 35000 OPERATION KINDNESS 3201 EARHART DRIVE CARROLLTON TX 75006 N/A PC NO KILL SHELTER FOR PETS 40000 RANCH HAND RESCUE PO BOX 1047 ARGYLE TX 76226 N/A PC ANIMAL SANCTUARY & COUNSELING 10000 SPAY NEUTER NETWORK PO BOX 515 KAUFMAN TX 75142 N/A PC FREE SPAY/NEUTER SERVICES 20000 SPCA 2719 MANOR WAY DALLAS TX 75235 N/A PC HELP ADOPT DOGS AND KITTIES 10000 THE BRIDGE 1818 CORSICANA STREET DALLAS TX 75201 N/A PC HOMELESS RECOVERY CANTER 25000 THE STEW POT 1835 YOUNG STREET DALLAS TX 75201 N/A PC FOOD DISTRIBUTION PROGRAM 25000 TRIPLE MEMAC EQUINE SANCTUARY 3022 VIEW RIDGE DR SPRING BRANCH TX 78070 N/A PC EQUINE RESCUE SANCTUARY 35000 OWENWOOD FARM AND NEIGHBOR SPACE 1451 JOHN WEST RD DALLAS TX 75228 N/A PC EAST DALLAS CHURCH COMMUNITY CENTER 10000 U & I SPREAD THE LIGHT 8800 AMBASSADOR ROW DALLAS TX 75247 N/A PC EMPLOYMENT FOR DISABLED ADULTS 5000 SOUL HARBOR 13134 NILE DR DALLAS TX 75253 N/A PC RECOVERY CENTER FOR HOMELESS MEN 10000 ADULT & TEEN CHALLENGE 1401 MEADOW ST DESOTO TX 75115 N/A PC MEN RECOVERY FO GET JOBS 10000 EXODUS MINISTRIES 4630 MUNGER AVE SUITE 110 DALLAS TX 75204 N/A PC FEMALE EX-OFFENDERS 10000 SIMPLY GRACE 580 W ARAPAHO RD SUITE 208 RICHARDSON TX 75080 N/A PC WOMEN W/CHILDREN & SUBSTANCE ADDICT 10000 RESTORED HOPE MINISTRIES 4301 BRYAN ST DALLAS TX 75204 N/A PC SAFE HOUSE FOR VICTIMS OF SEX-TRAFF 10000 REFUGE FOR WOMEN 306 N LOOP 288 SUITE 199 DENTON TX 76209 N/A PC ADULT FEMALE SURVIVORS OF SEX TRAFF 15000 SALVATION ARMY PO BOX 36006 DALLAS TX 75235 N/A PC HOMELESSNESS, FEED THE HUNGRY ETC 25000 1240000 14 147037 14 291551 15 39165 900099 239732 18 1283896 K-1 RE INC - FE INDUSTRIAL 18 8192 K-1 RE INC - PCP-BENTWATEER 18 751 K-1 RE INC - PCP-PORTOFINO 18 59 K-1 ORD - ENERGY TRANSFER L 18 -157 K-1 RE INC - ENERGY TRANSFE 18 1 K-1 RE INC - PHOENIX PRTRS 18 2825 K-1 ORD - ENTERPRISE PRODUC 18 -1 K-1 ORD - HLCI INV FUND II 18 -92 K-1 OTHER - W T UPLAND INVE 18 1279 K-1 RE INC - EXPEDITION CO- 18 -33492 K-1 RE INC - ECP SIDE-CAR S 18 -3737 K-1 RE INC - HLCI INV FUND 18 5540 K-1 OTHER - HLCI INVESTMENT 18 90 K-1 ORD - FE INDUSTRIAL PAR 18 284 UBI FROM PARTNERSHIPS 900099 -7504 232228 1743191 1975419 false false false false false false false false false false ACCOUNTING: J.L. WILLIAMS FOUNDA 9675 9675 ACCOUNTING: J.L. WILLIAMS PROPER 175 175 STOCK-DIVRULER-ACCENTURE PLC STOCK-DIVRULER-KLA CORP STOCK-DIVRULER-PHILLIPS 66 STOCK-DIVRULER-PROCTER & GAMBLE CO STOCK-DIVRULER-UNITEDHEALTH GROUP STOCK-QGARP-ABBOTT LABS STOCK-QGARP-ADOBE INC STOCK-QGARP-ADVANCED MICRO DEVICES I STOCK-QGARP-AMERICAN TOWER CORP REIT STOCK-QGARP-AMERIPRISE FINANCIAL STOCK-QGARP-ASML HLDG NV SPON ADR STOCK-QGARP-CHIPOTLE MEXICAN GRILL I STOCK-QGARP-SALESFORCE.COM INC STOCK-QGARP-THERMO FISHER SCIENTIFIC STOCK-QGARP-UNION PACIFIC CORP STOCK-QGARP-UNITEDHEALTH GROUP STOCK-SPECIAL-AIRBNB STOCK-SPECIAL-BERKSHIRE HATHAWAY INC STOCK-SPECIAL-BUILDER FIRSTSOURCE IN STOCK-SPECIAL-CLEVELAND-CLIFFS CO STOCK-SPECIAL-COMMERCIAL METALS CO STOCK-SPECIAL-CYBER-ARK SOFTWARE LTD STOCK-SPECIAL-DEVON ENERGY CORP STOCK-SPECIAL-GENERAC HOLDINGS INC STOCK-SPECIAL-INTUITIVE SURGICAL INC STOCK-SPECIAL-MERCK & CO INC STOCK-SPECIAL-ON SEMI CONDUCTOR CORP STOCK-SPECIAL-SYMBOTIC INC STOCK-SPECIAL-WYNN RESORTS STOCK-AM ONLINE (TIMEWARNER) 19842 51026 STOCK-ARCHER-DANIEL-MIDLAND 7331 28745 STOCK-ATMOS ENERGY 25741 167630 STOCK-BRISTOL MYERS 26731 53940 STOCK-ENBRIDGE(DUKE/SPECTRA) 21541 62563 STOCK-HANCOCK PREFERRED "S" 80683 57640 STOCK-JOHNSON & JOHNSON 54001 206950 STOCK-PROCTOR & GAMBLE 53046 143310 STOCK-TEXAS INDUSTRIES 55460 646321 STOCK-TEXAS INSTRUMENTS 304800 3469800 STOCK-TEXAS PACIFIC LAND TRUST 12534 2584980 STOCK-WARNER BROS DISCOVERY INC 4921 8329 STOCK-XCEL ENERGY 32976 147720 STOCK-SPECIAL-BOEING 228748 217120 STOCK-SPECIAL-COMSTOCK RESOURCES INC 134577 115900 STOCK-SPECIAL-EAGLE MATERIALS INC 209456 206680 STOCK-SPECIAL-GOLDMAN SACHS GROUP 129880 351600 STOCK-SPECIAL-UBER TECHNOLOGIES 45681 163420 STOCK-SPECIAL-EXPAND ENERGY CORP (EX 135472 165540 STOCK-SPECIAL-DRAFTKINGS INC 201986 223990 STOCK-SPECIAL-FREEPORT-MCMORAN INC 159815 203160 STOCK-SPECIAL-AMAZON 63543 63475 STOCK-SPECIAL-BANC CALIF INC 156371 192900 STOCK-SPECIAL-HOME DEPOT INC 208342 172050 STOCK-SPECIAL-SHARKNINJA 201771 279750 STOCK-SPECIAL-ALPHABET 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STOCK-SCHWAB-GENERAL MOTORS 16957 40660 STOCK-SCHWAB-LADDER CAPITAL CORP 5954 3814 STOCK-SCHWAB-ONEOK 44120 47775 STOCK-SCHWAB-VIRTUS INFRCP US PRERD 12090 10775 STOCK-SCHWAB-MORGAN STANLEY DIRECT 5978 4944 STOCK-SCHWAB-PFIZER 2564 2490 STOCK-DIVRULER-BLACKROCK 31543 40673 STOCK-DIVRULER-CHUBB 14726 18727 STOCK-DIVRULER-COCA COLA 21756 28453 STOCK-DIVRULER-EXXON MOBIL 16285 18051 STOCK-DIVRULER-HOME DEPOT 37910 37507 STOCK-DIVRULER-JOHNSON & JOHNSON COM 32347 42632 STOCK-DIVRULER-MARSH & MCCLENNAN 17335 16326 STOCK-DIVRULER-MCDONALDS 28252 34536 STOCK-DIVRULER-MICROSOFT 51678 123323 STOCK-DIVRULER-NEXTERA ENERGY 26142 29623 STOCK-DIVRULER-TEXAS INSTRUMENTS 30638 26717 STOCK-DIVRULER-UNION PACIFIC 26968 30766 STOCK-DIVRULER-JPMORGAN 25117 57033 STOCK-DIVRULER-LINDE PLC 31197 39654 STOCK-DIVRULER-REPUBLIC SERVICES 4800 9749 STOCK-DIVRULER-CISCO SYSTEMS INC 31254 32122 STOCK-DIVRULER-ANALOG DEVICES INC 22314 32544 STOCK-DIVRULER-AUTOMATIC DATA PROCES 17229 19292 STOCK-DIVRULER-BROADCOM INC 28421 86179 STOCK-DIVRULER-MORGAN STANLEY 19083 35684 STOCK-DIVRULER-ABBOTT LABS 30719 35332 STOCK-DIVRULER-ABBVIE 21921 33131 STOCK-DIVRULER-ORACLE 26153 39957 STOCK-DIVRULER-PROLOGIS 37503 39575 STOCK-DIVRULER-TAIWAN SEMICONDUCTOR 23605 61082 STOCK-DIVRULER-TRANE TECHNOLOGIES 20186 27633 STOCK-DIVRULER-AMER EXPRESS CO 25617 38845 STOCK-DIVRULER-EATON CORP PLC 37667 35992 STOCK-DIVRULER-TJX COS INC NEW 27505 38095 STOCK-DIVRULER-RTX CORP 36565 47867 STOCK-QGARP-ALPHABET 46314 108924 STOCK-QGARP-INTERCONTINENTALEXCHANGE 19387 18625 STOCK-QGARP-O REILLY AUTOMOTIVE 12890 19975 STOCK-QGARP-TJX COS 15102 32258 STOCK-QGARP-VISA 20819 48398 STOCK-QGARP-PARKER HANNIFIN CORP 11827 23732 STOCK-QGARP-MICROSOFT 68565 185710 STOCK-QGARP-AMAZON 49027 96944 STOCK-QGARP-APPLE INC 59525 120434 STOCK-QGARP-SHERWIN WILLIAMS CO 14953 18794 STOCK-QGARP-BOSTON SCIENTIFIC CORP 13180 24791 STOCK-QGARP-META PLATFORMS INC CL A 26380 56108 STOCK-QGARP-S&P GLOBAL INC 29094 33446 STOCK-QGARP-INTUITIVE SURGICAL 12974 24920 STOCK-QGARP-LILLY ELI & CO 32814 67705 STOCK-QGARP-PALO ALTO NETWORKS 18870 25788 STOCK-QGARP-BROADCOM INC 38229 95178 STOCK-QGARP-INTUIT 27596 33783 STOCK-QGARP-MASTERCARD INC 26237 37107 STOCK-QGARP-NVIDIA CORP 130734 206083 STOCK-QGARP-ORACLE CORP 27202 32745 STOCK-QGARP-PROGRESSIVE CORP OHIO 17070 16851 STOCK-QGARP-TRANSDIGM GROUP INC 14281 17288 STOCK-QGARP-AMPHENOL CORP 22579 22028 STOCK-QGARP-ARISTA NETWORKS INC 17194 22668 STOCK-QGARP-NETFLIX 35999 29066 STOCK-QGARP-STRYKER CORP 21122 19682 STOCK-QGARP-TAIWAN SEMICONDUCTOR 21312 25223 UBS-VAN ECK INT'L 45554 112311 PCP - PORTOFINO 2014 PARTNERS LP AT COST PHOENIX CAPITAL INVESTMENT PARTNERS AT COST ENERGY TRANSFER LP (PTP) AT COST 86499 173145 ENTERPRISE PRODUCT PARTNERS LP (PTP) AT COST 19333 89768 CTX BURLESON INDUSTRIAL LP AT COST 720731 720731 HLCI INVESTMENT FUND II, LP AT COST 90707 90709 W T UPLAND INVESTMENT LP AT COST 870210 870210 ECP SIDE-CAR SUWANEE, LP AT COST 2782 2782 PCM PARALLEL LP AT COST 96 96 HLCI INVESTMENT FUND III, LP AT COST 354212 354212 OIL & GAS WELLS AT COST 1627 106391 ECP SIDE-CAR SUWANEE LP -15971 A/R DISTRIBUTIONS - EXPEDITION CO-IN 4431 4431 FRONTIER EQUITY INDUSTRIAL PARTNERS -12550 -11596 100607 EXPEDITION CO-INVESTMENT PARTNERS I -146621 -202595 394918 PCP - BENTWATER 2013 PARTNERS LP -19178 -20020 64784 TAXES: INCOME TAXES 201501 K-1 OTHER DECREASES 18788 BOOK VS TAX DIFFERENCES - TIMING 4403 EXPENSES K-1 NONDEDUCTIBLE EXPENSES 116 116 BANK SERVICES-UBS FEES 24609 24609 BANK SERVICE CHARGES-WIRE FEE 165 165 INSURANCE: LIABILITY INSURANC 3863 3863 INSURANCE: WORKERS COMPENSATI 256 256 POSTAGE AND DELIVERY 553 553 STORAGE FEES 1680 1680 OFFICE SUPPLIES 249 249 PRINTING AND REPRODUCTION 2761 2761 K-1 DED - HLCI INVESTMENT FUN 2263 2263 K-1 DED - FE INDUSTRIAL PARTN 1754 1754 K-1 DED - PCP-BENTWATER 2013 210 210 K-1 DED - PCP-PORTOFINO 2014 17 17 K-1 DED - ENERGY TRANSFER LP 244 244 TELEPHONE 1080 1080 K-1 DED - HLCI INVESTMENT FUN 10427 10427 K-1 DED - W T UPLAND INVESTME 9360 9360 K-1 DED - PHOENIX PRTRS II 100 100 K-1 DED - ECP SIDE-CAR SUWANE 472 472 K-1 DED - PCM PARALLEL LP 27 27 K-1 DED - EXPEDITION CO-INV P 21329 21329 BANK SERVICE CHARGES-MISC. / 345 345 DUES AND SUBSCRIPTIONS 249 249 ROYALTY DEDUCTIONS 2020 2020 BANK SERVICE CHARGES 198 198 ROYALTY DEDUCTIONS 362 362 MISCELLANEOUS EXPENSES 1 1 ROYALTY-HIDALGO CTY, TX 430 430 ROYALTY INCOME (J.L. WILLIAMS 38735 38735 K-1 RE INC - FE INDUSTRIAL PA 8192 8192 K-1 RE INC - PCP-BENTWATEER 2 751 751 K-1 RE INC - PCP-PORTOFINO 20 59 59 K-1 ORD - ENERGY TRANSFER LP -157 -157 K-1 RE INC - ENERGY TRANSFER 1 1 K-1 RE INC - PHOENIX PRTRS II 2825 2825 K-1 ORD - ENTERPRISE PRODUCTS -1 -1 K-1 ORD - HLCI INV FUND II LP -92 -92 K-1 OTHER - W T UPLAND INVEST 1279 1279 K-1 RE INC - EXPEDITION CO-IN -33492 -33492 K-1 RE INC - ECP SIDE-CAR SUW -3737 -3737 K-1 RE INC - HLCI INV FUND II 5540 5540 K-1 OTHER - HLCI INVESTMENT F 90 90 K-1 ORD - FE INDUSTRIAL PARTN 284 284 UBI FROM PARTNERSHIPS -7504 TAXES: FRGN-W/H TAX 997 997 LICENSES AND PERMITS 150 150 TAXES - PRODUCTION/SEVERANCE - O 1300 1300 TAXES: PROPERTY: DENTON LOT - UP 24 24 TAXES: PROPERTY: MIDLAND 3204 3204 TAXES - PRODUCTION/SEVERANCE - O 20 20