FURP.ORG / PUBLIC DATA EXPLORER

RICHARD M SCRUSHY CHARITABLE FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
RICHARD M SCRUSHY CHARITABLE FOUNDATION INC (EIN 72-1374013)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-10
IRS object ID
202401319349101110
Schema version
2023v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-10T10:02:09-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN631241501PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BEVIS EBERHART BROWNING WALKER & STEWARTBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11521 WEST MAIN STREETAddressLine1Txt
CityDOTHANCityNm
State AbbreviationALStateAbbreviationCd
ZIP363011313ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN721374013EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RICHARD M SCRUSHY CHARITABLEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRICHBusinessNameControlTxt
Phone2059789592PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1250 COMMERCE PKWYAddressLine1Txt
CityPELHAMCityNm
State AbbreviationALStateAbbreviationCd
ZIP35124ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARTIN ADAMSPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone2059789592PhoneNum
Signature2024-05-09SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstRICHARDPersonFirstNm
Person LastADAMSPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTONY E JOHNSONPreparerPersonNm
PTINP00273902PTIN
Phone3347934883PhoneNum
Preparation2024-05-09PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$122,826FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$112InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$112InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$15,247DividendsRevAndExpnssAmt
Dividends Net Invst Incm$15,247DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$169,850NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,584,508GrossSalesPriceAmt
Total Rev And Expnss-$154,491TotalRevAndExpnssAmt
Total Net Invst Incm$15,359TotalNetInvstIncmAmt
Taxes Rev And Expnss$99TaxesRevAndExpnssAmt
Taxes Net Invst Incm$99TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$71,739OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$71,739OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$71,838TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$71,838TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$16,700ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$16,700ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$88,538TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$71,838TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$16,700TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$243,029ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$142,302SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$122,826SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$122,826SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$516,984CorporateStockBOYAmt
Corporate Stock EOY$320,403CorporateStockEOYAmt
Total Assets BOY$659,286TotalAssetsBOYAmt
Total Assets EOY$443,229TotalAssetsEOYAmt
Total Assets EOYFMV$122,826TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$659,286RetainedEarningBOYAmt
Retained Earning EOY$443,229RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$659,286TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$443,229TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$659,286TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$443,229TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$659,286TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$243,029ExcessRevenueOverExpensesAmt
Other Increases$26,972OtherIncreasesAmt
Subtotal$443,229SubtotalAmt
Tot Net Ast Or Fund Balances EOY$443,229TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateALOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksMICHAEL A PLAIAIndividualWithBooksNm
Phone2059789592PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1250 COMMERCE PARKWAYAddressLine1Txt
CityPELHAMCityNm
State AbbreviationALStateAbbreviationCd
ZIP35124ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHAEL A PLAIA
250 COMMERCE PARKWAYPELHAMAL35124PRESIDENT000.00$0$0$0
AMY S ADAMS
250 COMMERCE PARKWAYPELHAMAL35124DIRECTOR000.00$0$0$0
CHRISTA S PLAIA
250 COMMERCE PARKWAYPELHAMAL35124DIRECTOR000.00$0$0$0
MARTIN ADAMS
250 COMMERCE PARKWAYPELHAMAL35124DIRECTOR000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$150,000AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$150,000AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$400,000FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$700,000TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$700,000AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,500CashDeemedCharitableAmt
Net Vl Noncharitable Assets$689,500NetVlNoncharitableAssetsAmt
Minimum Investment Return$34,475MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$34,475MinimumInvestmentReturnAmt
Distributable Before Adj$34,475DistributableBeforeAdjAmt
Distributable Before Ded$34,475DistributableBeforeDedAmt
Distributable As Adjusted$34,475DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$16,700ExpensesAndContributionsAmt
Qualifying Distributions$16,700QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$34,475DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$3,066ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,651ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$28,225ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$32,942TotalExcessDistributionCyovAmt
Qualifying Distributions$16,700QualifyingDistributionsAmt
Applied To Current Year$16,700AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$17,775ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$17,775ExcessDistributionCyovAppCYAmt
Total Corpus$15,167TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$15,167ExcessDistriCyovToNextYrAmt
Excess From Year1$15,167ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonMICHAEL A PLAIARecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1250 COMMERCE PARKWAYAddressLine1Txt
CityPELHAMCityNm
State AbbreviationALStateAbbreviationCd
ZIP35124ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2059789592RecipientPhoneNum
Form And Info And MaterialsNONEFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CAMP BRIDGES
1600 7TH AVEBIRMINGHAMAL35294UNRESTRICTED SUPPORT$700
GOTURBACK
221 KINGS HOME DRIVECHELSEAAL35043UNRESTRICTED SUPPORT$6,000
VINEYARD FAMILY SVC OF CEN
2834 PELHAM PKWYPELHAMAL35124UNRESTRICTED SUPPORT$500
CAMP SMILE A MILE
1600 2ND AVE SBIRMINGHAMAL35233UNRESTRICTE SUPPORT$500
DOWNTOWN JIMME HALE MISSION
3420 2ND AVE NBIRMINGHAMAL35222UNRESTRICTED SUPPORT$500
SAV A LIFE
1480 MCGUIRE ROADBIRMINGHAMAL35216UNRESTRICTED SUPPORT$500
MARRY HILL
204 KATHERINE AVEOZARKAL36360UNRESTRICTED SUPPORT$1,000
THE GROVE SCHOOL
7545 PARKWAY DRLEEDSAL35094UNRESTRICTED SUPPORT$1,000
FOOD FOR JOURNERY
2418 HUNTINGTON GLEN DRIVBIRMINGHAMAL35226UNRESTRICTED SUPPORT$6,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$16,700TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$112RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$15,247RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$169,850RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$154,491RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$154,491TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
Acquired2023-01AcquiredDt
How AcquiredPURCHASEHowAcquiredTxt
Sold2023-12SoldDt
Gross Sales Price$1,584,508GrossSalesPriceAmt
Basis$1,754,358BasisAmt
Total Net-$169,850TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
EOY Book Value$320,403EOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
INVESTMENT MANAGEMENT FEES$66,000$66,000
INVESTMENT EXPENSES$5,739$5,739

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescPARTNERSHIP DISTRIBUTIONSDesc
Amt$26,972Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAXES$99$99
TAXES