CS FOUNDATION INC: Form 990PF, tax year 2025
View the entire original 990 at ProPublica ↗
- Organization
- CS FOUNDATION INC (EIN 20-5862864)
- Tax period
- 2025-01-01 to 2025-12-31
- Filed
- 2026-05-27
- IRS object ID
- 202601479349100125
- Schema version
- 2025v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Investments Land Schedule2
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Notes Loans Rcvbl Long Sch
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-27T14:37:35-07:00 | ReturnTs |
| Tax Period End | 2025-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 582578501 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREGORY N GALLAGHER CPA PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8145 TYNECASTLE DR | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30350 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2025-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 205862864 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CS Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CSFO | BusinessNameControlTxt |
| Phone | 4049660357 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 Peachtree Road NW | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30305 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | David C Simpson | PersonNm |
| Person Title | Trustee | PersonTitleTxt |
| Phone | 4049660357 | PhoneNum |
| Signature | 2026-05-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Gregory N Gallagher | PreparerPersonNm |
| PTIN | P01521283 | PTIN |
| Phone | 7705519600 | PhoneNum |
| Preparation | 2026-05-27 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2025 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $57,656,099 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $108,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $229,253 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $229,253 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $960,657 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $960,657 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $75,500 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $75,500 | GrossRentsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $943,360 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,696,912 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $943,360 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $603,736 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $603,736 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,920,506 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,812,506 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $0 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $0 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $7,866 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $7,866 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $7,508 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $7,508 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $24,040 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $24,040 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $39,414 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $39,414 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $6,444,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $6,483,914 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $39,414 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $0 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$3,563,408 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,773,092 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $609,043 | CashBOYAmt |
| Cash EOY | $622,352 | CashEOYAmt |
| Cash EOYFMV | $622,352 | CashEOYFMVAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Other Nts And Loans Rcvbl | $800,000 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $0 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $800,000 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $800,000 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Invst Land Cost Or Other Basis | $1,675,226 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $0 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $2,773,663 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $1,675,226 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $1,675,226 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $38,482,818 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $35,204,538 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $54,558,521 | OtherInvestmentsEOYFMVAmt |
| Land EOY | $0 | LandEOYAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $41,865,524 | TotalAssetsBOYAmt |
| Total Assets EOY | $38,302,116 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $57,656,099 | TotalAssetsEOYFMVAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $41,865,524 | CapitalStockBOYAmt |
| Capital Stock EOY | $38,302,116 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $41,865,524 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $38,302,116 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $41,865,524 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $38,302,116 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $41,865,524 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$3,563,408 | ExcessRevenueOverExpensesAmt |
| Subtotal | $38,302,116 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $38,302,116 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | DepreciationDepreciationAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | FMV As Of123169FMVAsOf123169Amt | Adjusted Basis As Of123169AdjustedBasisAsOf123169Amt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Vanguard Account 59346248 - Short Term | P | 2025-12-31 | 2025-12-31 | $234,786 | $0 | $317,259 | -$82,473 | $0 | $0 | $0 | -$82,473 |
| Vanguard Account 59346248 - Long Term | P | 2016-08-31 | 2025-12-31 | $3,602,479 | $0 | $3,746,926 | -$144,447 | $0 | $0 | $0 | -$144,447 |
| Vanguard Account 59346248 - Capital Gain Distributions | P | 2016-08-31 | 2025-12-31 | $12,147 | $0 | $0 | $12,147 | $0 | $0 | $0 | $12,147 |
| 2015-1951 Lauderdale Mem Highway | D | 2016-08-31 | 2025-08-24 | $1,100,000 | $0 | $452,932 | $647,068 | $0 | $0 | $0 | $647,068 |
| 25652 Highway 11 | D | 2016-08-31 | 2025-11-13 | $110,000 | $0 | $48,760 | $61,240 | $0 | $0 | $0 | $61,240 |
| 120446 & 120447 & 7644 Mountain Road | D | 2016-08-31 | 2025-11-03 | $900,000 | $0 | $875,175 | $24,825 | $0 | $0 | $0 | $24,825 |
| Bradley County Bank Stock | D | 2016-08-31 | 2025-03-01 | $737,500 | $0 | $312,500 | $425,000 | $0 | $0 | $0 | $425,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $943,360 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$82,473 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $38,546 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $38,546 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $38,546 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $35,506 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $25,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $60,506 | TotalPaymentsAndCreditsAmt |
| Original Return Overpayment | -$60,506 | OriginalReturnOverpaymentAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $1 | EsPenaltyAmt |
| Overpayment | $21,959 | OverpaymentAmt |
| Applied To ES Tax | $21,959 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | David Simpson | IndividualWithBooksNm |
| Phone | 4049660357 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 Peachtree Road NW Suite 402N | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30305 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | Yes (true) | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| David Simpson | ||||||||
| 2500 Peachtree Road NW Suite 402N | Atlanta | GA | 30305 | President, Director | 0.00 | $0 | $0 | $0 |
| Larry Ray Eskew | ||||||||
| 4180 Old Freewill Road NW | Cleveland | TN | 37312 | Secretary, Director | 0.00 | $0 | $0 | $0 |
| Larry Ray Eskew | ||||||||
| 4180 Old Freewill Road NW | Cleveland | TN | 37312 | Treasurer, Director | 0.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | Contribution to University of Tennessee Foundation | Description1Txt |
| Expenses1 | $1,725,000 | Expenses1Amt |
| Description2 | Contribution to Emory Winship Cancer Institute | Description2Txt |
| Expenses2 | $1,500,000 | Expenses2Amt |
| Description3 | Contribution to Citi Fields | Description3Txt |
| Expenses3 | $650,000 | Expenses3Amt |
| Description4 | Contribution to The Caring Place - Life and Redemption Ministries | Description4Txt |
| Expenses4 | $500,000 | Expenses4Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $0 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $0 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $0 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $0 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $0 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $0 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $0 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $38,546 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $38,546 | TotalTaxAmt |
| Distributable Before Adj | $0 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $0 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $0 | ExpensesAndContributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $0 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $0 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $0 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $0 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $0 | ExcessFromYear4Amt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $0 | ExcessFromYear2Amt |
| Excess From Year1 | $0 | ExcessFromYear1Amt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | None | ContributingManagerNm |
| Shareholder Manager | None | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (33 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| Winship Cancer Institute of Emory University | ||||||
| 1762 Clifton Road STE 1400 | Atlanta | GA | 30322 | PF | Charitable | $1,000,000 |
| Carlos and Winnie Simpson Scholarship Endowment | ||||||
| University of Tennessee | Knoxville | TN | 37996 | GOV | Charitable | $250,000 |
| St Jude Children's Research Hospital | ||||||
| 501 St Jude Place | Memphis | TN | 38105 | PC | Charitable | $150,000 |
| University of TN-John Tummins Scholarship | ||||||
| University of Tennessee | Knoxville | TN | 37996 | GOV | Charitable | $250,000 |
| University of TN-John Tummins Scholarship Non-Endowed | ||||||
| University of Tennessee | Knoxville | TN | 37996 | GOV | Charitable | $250,000 |
| Autism Breakthrough of Knoxville | ||||||
| 1700 Liberty Street | Knoxville | TN | 37021 | PC | Charitable | $250,000 |
| Shepherd Spinal Center | ||||||
| 2020 Peachtree Road NW | Atlanta | GA | 30305 | PC | Charitable | $200,000 |
| The Caring Place-Life and Redemption Ministries | ||||||
| 130 Wildwood Avenue | Cleveland | TN | 37320 | PC | Charitable | $500,000 |
| Bradley Cleveland Public Education Foundation | ||||||
| P O Box 4354 | Cleveland | TN | 37320 | POF | Charitable | $75,000 |
| Salvation Army | ||||||
| P O Box 5325 | Cleveland | TN | 37320 | PC | Charitable | $450,000 |
| City Fields (formerly The Refuge) | ||||||
| 1075 Blythe Ave Suite 8 | Cleveland | TN | 37311 | PC | Charitable | $650,000 |
| Ronald McDonald House | ||||||
| 200 Central Avenue | Chattanooga | TN | 37403 | PF | Charitable | $40,000 |
| McCallie School | ||||||
| 500 Dodds Avenue | Chattanooga | TN | 37404 | PC | Charitable | $1,000 |
| Carlos & Winnie Simpson NonEndowed Scholarship | ||||||
| University of Tennessee | Knoxville | TN | 37996 | GOV | Charitable | $250,000 |
| Respite Care Atlanta | ||||||
| 2715 Peachtree Road NE | Atlanta | GA | 30305 | PC | Charitable | $10,000 |
| Tunnels to Towers Foundation | ||||||
| 2361 Hylan Blvd | Staten Island | NY | 10306 | PC | Charitable | $50,000 |
| Cathedral of Christ the King | ||||||
| 2699 Peachtree Road NE | Atlanta | GA | 30305 | PC | Charitable | $0 |
| American Cancer Society | ||||||
| P O Box 6704 | Hagerstown | MD | 21741 | PC | Charitable | $10,000 |
| Emory Brain Health Center | ||||||
| 12 Executive Park Drive NE | Atlanta | GA | 30329 | PF | Charitable | $200,000 |
| Wesley Memorial Church | ||||||
| 3405 Peerless Rd NW | Cleveland | TN | 37312 | PC | Charitable | $40,000 |
| Holston Home for Children | ||||||
| 404 Holston Dr | Greeneville | TN | 37743 | PC | Charitable | $10,000 |
| Winship Cancer Institute(Beyett research pledge) | ||||||
| 1762 Clifton Road | Atlanta | GA | 30322 | PF | Charitable | $500,000 |
| ARA Parseghian Medical Research Fund | ||||||
| 215 Jordan Hall of Science | Notre Dame | IN | 46556 | PC | Charitable | $1,000 |
| SORIN - Society | ||||||
| 1100 Grace Hall | Notre Dame | IN | 46556 | PC | Charitable | $1,500 |
| St Mary's College | ||||||
| 110 LeMans Hall | Notre Dame | IN | 46556 | PF | Charitable | $1,000 |
| Children's Healthcare of Atlanta Foundation | ||||||
| 1001 Johnson Ferry Road NE | Atlanta | GA | 30342 | PF | Charitable | $1,000 |
| UT Foundation-Tummins Super Students | ||||||
| University of Tennessee | Knoxville | TN | 37996 | GOV | Charitable | $725,000 |
| Cleveland State Community College | ||||||
| P O Box 3570 | Cleveland | TN | 37320 | GOV | Charitable | $300,000 |
| The Michael J Fox Found for Parkinson's Research | ||||||
| 111 West 33rd Street Floor 10 | New York | NY | 10120 | PC | Charitable | $215,000 |
| Roman Catholic Archdiocese of Atlanta | ||||||
| 7401 Lake Park Dr SE | Smyrna | GA | 30339 | PC | Charitable | $2,000 |
| Soldiers Secret Santa | ||||||
| 2660 Old Wesley Place | Atlanta | GA | 30327 | PC | Charitable | $1,000 |
| The Cherokee Caddie Scholarship Foundation | ||||||
| 2100 Riveredge Parkway Suite 700 | Atlanta | GA | 30328 | PF | Charitable | $1,000 |
| Western NC Conference United Methodist ChurchDisaster Response | ||||||
| P O Box 2757 | Huntersville | NC | 28070 | PF | Charitable | $60,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $6,444,500 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $229,253 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $960,657 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,189,910 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,189,910 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 8 | Investment income allows the foundation to fund more charitable |
| 8 | endeavors than would have been the case without such income. |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | David C Simpson | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 Peachtree Road NW 402N | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30305 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $108,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Land from Claude Simpson Estate per Sch B detail. | CategoryOrItemTxt |
| Cost Or Other Basis | $1,675,226 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $0 | AccumulatedDepreciationAmt |
| Book Value | $1,675,226 | BookValueAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Vanguard Brokerage Account 59346248 | $32,357,883 | $51,208,592 |
| Bradley Co. Financial Stock | $0 | $0 |
| First Citizens Stock | $962,199 | $1,465,473 |
| South Mouse Creek Mitigation LLC | $1,884,456 | $1,884,456 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Work on Mountain Road | $150 | $150 |
| IPG Office Expenses | $553 | $553 |
| Rent on Red Classic Trailer | $23,040 | $23,040 |
| Electricity for Tool Shed | $246 | $246 |
| Bank Charges | $51 | $51 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | South Mouse Creek Mitigation K-1 | Desc |
| Revenue And Expenses Per Books | $603,736 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $603,736 | NetInvestmentIncomeAmt |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp
Borrower Name BorrowerNameGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Stern Mountain LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Insider Relationship | No relationship-Arms Length Transaction | InsiderRelationshipTxt |
| Loan Original | $800,000 | LoanOriginalAmt |
| Balance Due | $800,000 | BalanceDueAmt |
| Note | 2025-11 | NoteDt |
| Loan Maturity | 2028-12 | LoanMaturityDt |
| Repayment Terms | Interest Only- 3 years | RepaymentTermsTxt |
| Interest | 0.05750000 | InterestRt |
| Security Provided Borrower | Assets of Borrower | SecurityProvidedBorrowerTxt |
| Loan Purpose | Purchase Money Note- Land Sale | LoanPurposeTxt |
| Lender Consideration | Assets of Borrower | LenderConsiderationDesc |
| Consideration FMV | $800,000 | ConsiderationFMVAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Gregory Gallagher Tax Preparation | $6,575 | $6,575 |
| Wilson & Assoc Legal Fees | $330 | $330 |
| Ensminger Forestry Engineering Fees | $325 | $325 |
| Hunter Smith Davis Legal Fees | $636 | $636 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Foreign Taxes Paid | $192 | $192 |
| Property Taxes | $6,303 | $6,303 |
| Pro-rated Prop Taxes on 2025 Sales | $1,013 | $1,013 |
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