WELLSPRING FOUNDATION OF SOUTHWEST VIRGINIA: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- WELLSPRING FOUNDATION OF SOUTHWEST VIRGINIA (EIN 26-2870970)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-02-12
- IRS object ID
- 202440439349100919
- Schema version
- 2022v5.0
- 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
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-02-12T17:00:45-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 061662488 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HICOK BROWN & COMPANY | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 821 | AddressLine1Txt |
| City | ABINGDON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24212 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 262870970 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WELLSPRING FOUNDATION OF SOUTHWEST | BusinessNameLine1Txt |
| Business Name Line2 | VIRGINIA | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WELL | BusinessNameControlTxt |
| Phone | 2764512407 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 851 FRENCH MOORE JR BLVD STE 110 | AddressLine1Txt |
| City | ABINGDON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24210 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILLIAM HAYTER | PersonNm |
| Person Title | CHAIRMAN | PersonTitleTxt |
| Phone | 2764512400 | PhoneNum |
| Signature | 2024-01-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | WILLIAM | PersonFirstNm |
| Person Last | HAYTER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL W PENNINGTON CPA | PreparerPersonNm |
| PTIN | P02090465 | PTIN |
| Phone | 2766281123 | PhoneNum |
| Preparation | 2024-01-03 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return Former Pub Chrty | Yes (X) | InitialReturnFormerPubChrtyInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $140,002,690 | 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 | $23,950,087 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $2,478,196 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,478,196 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $2,478,196 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$588,439 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $29,941,912 | GrossSalesPriceAmt |
| Total Rev And Expnss | $25,839,844 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,478,196 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $2,478,196 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $388,383 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $90,722 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $297,661 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $51,555 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $1,375 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $50,180 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $104,814 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $16,779 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $88,035 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $6,126 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $1,147 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $4,979 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $57,990 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $10,856 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $47,134 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $91,927 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $6,819 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $85,108 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $28,918 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $28,918 | TaxesNetInvstIncmAmt |
| Occupancy Rev And Expnss | $28,712 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $5,375 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $23,337 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $7,373 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $630 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $6,743 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $200,873 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $17,512 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $183,361 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $966,671 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $180,133 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $786,538 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $584,316 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $584,316 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,550,987 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $180,133 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,370,854 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $24,288,857 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,298,063 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $2,478,196 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $386,482 | CashBOYAmt |
| Cash EOY | $107,530 | CashEOYAmt |
| Cash EOYFMV | $107,530 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $4,697,562 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $8,666,592 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $8,666,592 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $14,361,342 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $11,394,833 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $11,087,444 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $74,879,281 | CorporateStockBOYAmt |
| Corporate Stock EOY | $87,061,034 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $91,190,077 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $18,124,764 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $28,295,525 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $27,197,529 | CorporateBondsEOYFMVAmt |
| Other Investments EOY | $1,800,000 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,752,205 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $100 | OtherAssetsBOYAmt |
| Other Assets EOY | $1,313 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,313 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $112,449,531 | TotalAssetsBOYAmt |
| Total Assets EOY | $137,326,827 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $140,002,690 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $112,449,531 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $137,326,827 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $112,449,531 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $137,326,827 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $112,449,531 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $137,326,827 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $112,449,531 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $24,288,857 | ExcessRevenueOverExpensesAmt |
| Other Increases | $588,439 | OtherIncreasesAmt |
| Subtotal | $137,326,827 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $137,326,827 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| VARIOUS - SEE ATTACHEMENT | P | $24,277,941 | $24,699,375 | -$421,434 | -$421,434 |
| VARIOUS - SEE ATTACHEMENT | P | $5,663,971 | $5,830,976 | -$167,005 | -$167,005 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$588,439 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $31,943 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $31,943 | SubtotalAmt |
| Tax Based On Investment Income | $31,943 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $77,237 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $77,237 | TotalPaymentsAndCreditsAmt |
| Overpayment | $45,294 | OverpaymentAmt |
| Applied To ES Tax | $45,294 | 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 |
| Org Report Or Register State | VA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WELLSPRINGVA.ORG | WebsiteAddressTxt |
| Individual With Books | RUSTY LITTLE | IndividualWithBooksNm |
| Phone | 2764512407 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 851 FRENCH MOORE JR BOULEVARD | AddressLine1Txt |
| City | ABINGDON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24210 | 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 |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (15 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| WILLIAM HAYTER | |||||||||
| 851 FRENCH MOORE JR BLVD SUITE 110 | BOX 25 | ABINGDON | VA | 24210 | CHAIRMAN | 2.00 | $0 | $0 | $0 |
| DICK GAIL | |||||||||
| 851 FRENCH MOORE JR BLVD | ABINGDON | VA | 24210 | BOARD MEMBER | 2.00 | $0 | $0 | $0 | |
| MIKE SPIEGLER | |||||||||
| 851 FRENCH MOORE JR BLVD | ABINGDON | VA | 24210 | TREASURER | 2.00 | $0 | $0 | $0 | |
| DONNIE MEADOWS | |||||||||
| 851 FRENCH MOORE JR BLVD | ABINGDON | VA | 24210 | SECRETARY | 2.00 | $0 | $0 | $0 | |
| DR HAYTHAM ADADA | |||||||||
| 851 FRENCH MOORE BLVD | ABINGDON | VA | 24210 | BOARD MEMBER | 2.00 | $0 | $0 | $0 | |
| DR KAREN ELMORE | |||||||||
| 851 FRENCH MOORE JR BLVD | ABINGDON | VA | 24210 | BOARD MEMBER | 2.00 | $0 | $0 | $0 | |
| DR RACHEL FOWLKES | |||||||||
| 851 FRENCH MOORE JR BLVD | ABINGDON | VA | 24210 | BOARD MEMBER | 2.00 | $0 | $0 | $0 | |
| MARVIN GILLIAM | |||||||||
| 851 FRENCH MOORE BLVD | ABINGDON | VA | 24210 | VICE CHAIR | 2.00 | $0 | $0 | $0 | |
| ERIC MILLER | |||||||||
| 851 FRENCH MOORE JR BLVD | ABINGDON | VA | 24210 | BOARD MEMBER | 2.00 | $0 | $0 | $0 | |
| DR JOANN PRICE | |||||||||
| 851 FRENCH MOORE JR BLVD | ABINGDON | VA | 24210 | BOARD MEMBER | 2.00 | $0 | $0 | $0 | |
| THOMAS REVELS | |||||||||
| 851 FRENCH MOORE JR BLVD | ABINGDON | VA | 24210 | BOARD MEMBER | 2.00 | $0 | $0 | $0 | |
| SEAN MCMURRAY | |||||||||
| 851 FRENCH MOORE JR BLVD | ABINGDON | VA | 24210 | EXECUTIVE DI | 40.00 | $261,058 | $34,772 | $0 | |
| RUSTY LITTLE | |||||||||
| 851 FRENCH MOORE JR BLVD | ABINGDON | VA | 24210 | DIRECTOR OF | 40.00 | $52,500 | $10,666 | $0 | |
| SUSAN ABEL | |||||||||
| 851 FRENCH MOORE JR BLVD | ABINGDON | VA | 24210 | DIRECTOR OF | 40.00 | $72,902 | $19,366 | $0 | |
| COURTNEY STRINGER | |||||||||
| 851 FRENCH MOORE JR BLVD | ABINGDON | VA | 24210 | DIRECTOR OF | 40.00 | $1,923 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 1 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| UBS FINANCIAL SERVICES | |||||
| 299 PARK AVENUE 8TH-11TH FLOORS | NEW YORK | NY | 101710002 | INVESTMENT | $355,222 |
| THE CORPORATE IMAGE | |||||
| 619 VOLUNTEER PARKWAY | BRISTOL | TN | 37620 | MARKETING | $61,975 |
| BRUCE BEHRINGER | |||||
| 2170 HUNTERS MILL ROAD | POWHATAN | VA | 23139 | CONSULTING | $55,499 |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $113,238,492 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $10,085,265 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,313 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $123,325,070 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $123,325,070 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,849,876 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $121,475,194 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $6,073,760 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $6,073,760 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $31,943 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $31,943 | TotalTaxAmt |
| Distributable Before Adj | $6,041,817 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $6,041,817 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $6,041,817 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,370,854 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $1,370,854 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $6,041,817 | DistributableAsAdjustedAmt |
| Qualifying Distributions | $1,370,854 | QualifyingDistributionsAmt |
| Applied To Current Year | $1,370,854 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $4,670,963 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| MEDICAL SOCIETY OF VA FOUNDATION | |||||||
| 2924 EMERYWOOD PKWY | RICHMOND | VA | 23294 | NONE | 501(C)3 | COMMUNITY SUPPORT | $10,000 |
| APPALACHIAN HIGHLANDS COMM DENTAL | |||||||
| 616 CAMPUS DR STE 100 | ABINGDON | VA | 24210 | NONE | 501(C)3 | COMMUNITY SUPPORT | $502,358 |
| DEPAUL COMMUNITY RESOURCES | |||||||
| 106 ABINGDON PLACE | ABINGDON | VA | 24211 | NONE | 501(C)3 | COMMUNITY SUPPORT | $10,000 |
| ISAIAH 117 HOUSE | |||||||
| 254 BETHEL DR | BRISTOL | TN | 37620 | NONE | 501(C(3 | COMMUNITY SUPPORT | $25,000 |
| GRAYSON COUNTY VIRGINIA | |||||||
| PO BOX 127 | INDEPENDENCE | VA | 24348 | NONE | GOVERNMENT | COMMUNITY SUPPORT | $14,813 |
| WASHINGTON COUNTY VIRGINIA | |||||||
| 1 GOVERNMENT CENTER PLACE | ABINGDON | VA | 24210 | NONE | GOVERNMENT | COMMUNITY SUPPORT | $20,000 |
| SWVA SMALL BUSINESS INCUBATOR | |||||||
| 851 FRENCH MOORE JR BLVD | ABINGDON | VA | 24210 | NONE | 501 (C) 3 COMMUNITY SUPPORT | $2,145 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $584,316 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $2,478,196 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | -$588,439 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 1 | ExclusionCd |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $1,889,757 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,889,757 | 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 |
|---|---|
| 4 | FOR CHARITABLE OR EDUCATIONAL PURPOSES |
| 8 | NOT LIMITED TO UNMET HEALTHCARE NEEDS OF THE COMMUNITY |
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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $57,990 | Amt |
| Net Investment Income | $10,856 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $47,134 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY Book Value | $28,295,525 | EOYBookValueAmt |
| EOYFMV | $27,197,529 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY Book Value | $87,061,034 | EOYBookValueAmt |
| EOYFMV | $91,190,077 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | NON-TRADITIONAL | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $1,800,000 | BookValueAmt |
| EOYFMV | $1,752,205 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legal Fees | $6,126 | LegalFeesAmt |
| Net Investment Income | $1,147 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $4,979 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SECURITY DEPOSITS | Desc |
| BOY Book Value | $100 | BOYBookValueAmt |
| EOY Book Value | $1,313 | EOYBookValueAmt |
| EOYFMV | $1,313 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EXPENSES | |||
| BANK FEE | $30 | $30 | |
| DUES | $11,980 | $2,243 | $9,737 |
| INSURANCE | $31,439 | $5,886 | $25,553 |
| IT | $14,447 | $14,447 | |
| MARKETING | $88,343 | $88,343 | |
| MEALS & ENTERTAINMENT | $4,578 | $4,578 | |
| OFFICE SUPPLIES. | $47,818 | $8,952 | $38,866 |
| POSTAGE | $59 | $11 | $48 |
| UTILITIES | $1,832 | $579 | $1,253 |
| RETIREMENT PLAN EXPENSES | $160 | $29 | $131 |
| MISC EXP | $187 | -$218 | $405 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | STOCK SALE TRANSACTIONS | Desc |
| Amt | $588,439 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amt | $91,927 | Amt |
| Net Investment Income | $6,819 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $85,108 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amt | $28,918 | Amt |
| Net Investment Income | $28,918 | NetInvestmentIncomeAmt |