THE IRVING AND JETT GROVES CHARITABLE FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- THE IRVING AND JETT GROVES CHARITABLE FOUNDATION (EIN 54-1961867)
- Tax period
- 2023-10-01 to 2024-09-30
- Filed
- 2025-04-02
- IRS object ID
- 202530929349100823
- Schema version
- 2023v6.0
- 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 Other Schedule2
- Other Decreases Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-04-02T15:01:47-05:00 | ReturnTs |
| Tax Period End | 2024-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 346565596 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 40 WESTMINSTER ST STE 800 | AddressLine1Txt |
| City | PROVIDENCE | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02903 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541961867 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IRVING AND JETT GROVES CHARITABLE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GROV | BusinessNameControlTxt |
| Phone | 4072374608 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1306 MULBERRY ROAD | AddressLine1Txt |
| City | MARTINSVILLE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24112 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JETT WOOD | PersonNm |
| Person Title | Vice President | PersonTitleTxt |
| Phone | 4072374608 | PhoneNum |
| Signature | 2025-02-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RICHARD RALEIGH | PreparerPersonNm |
| PTIN | P00382844 | PTIN |
| Phone | 4014573839 | PhoneNum |
| Preparation | 2025-02-21 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Change | Yes (X) | NameChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,839,834 | FMVAssetsEOYAmt |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $40,312 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $40,079 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $37,888 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $987,611 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $37,888 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Total Rev And Expnss | $78,200 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $77,967 | TotalNetInvstIncmAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $0 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $1,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $1,500 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $9,742 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $9,742 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $7,913 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $461 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Printing And Pub Net Invst Incm | $0 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Adj Net Incm | $0 | PrintingAndPubAdjNetIncmAmt |
| Tot Opr Expenses Rev And Expnss | $19,155 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $10,203 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,500 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $21,655 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $10,203 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $56,545 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $67,764 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,859 | CashBOYAmt |
| Sav And Temp Cash Invst BOY | $23,441 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $48,840 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $48,840 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl EOY | $0 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $0 | AcctRcvblEOYFMVAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Corporate Bonds BOY | $169,268 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $319,208 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $329,264 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $1,312,267 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,198,495 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,461,730 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $1,506,835 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,566,543 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,839,834 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $1,506,835 | CapitalStockBOYAmt |
| Capital Stock EOY | $1,566,543 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,506,835 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,566,543 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,506,835 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,566,543 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,506,835 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $56,545 | ExcessRevenueOverExpensesAmt |
| Other Increases | $9,095 | OtherIncreasesAmt |
| Subtotal | $1,572,475 | SubtotalAmt |
| Other Decreases | $5,932 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $1,566,543 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (70 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|---|
| 4643.875 DOUBLELINE TTL RTRN BND-R6 | 2023-02-09 | 2023-10-03 | $38,451 | $41,702 | -$3,251 | -$3,251 | |
| 6880.561 DOUBLELINE TTL RTRN BND-R6 | 2023-10-03 | $56,971 | $69,642 | -$12,671 | -$12,671 | ||
| 15592.485 DFA INTM GOVT FIXED INCOME | 2023-10-26 | $162,630 | $170,080 | -$7,450 | -$7,450 | ||
| 582. ISHARES CORE TOTAL US BOND MKT ETF | 2023-10-26 | $53,677 | $57,924 | -$4,247 | -$4,247 | ||
| 321. ISHARES 20 PLUS YEAR TREASURY BD ETF | 2023-10-26 | 2023-12-15 | $31,811 | $26,856 | $4,955 | $4,955 | |
| 1288. FPA CRESCENT FUND-SUPR INST | 2023-08-09 | 2023-12-28 | $49,923 | $48,390 | $1,533 | $1,533 | |
| 421. SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | 2023-10-03 | 2023-12-28 | $38,469 | $38,507 | -$38 | -$38 | |
| 1489. DFA US L/C VALUE PORTFOLIO | 2023-09-20 | 2024-01-12 | $65,799 | $63,580 | $2,219 | $2,219 | |
| 19671. DOUBLELINE TTL RTRN BND-R6 | 2023-10-26 | 2024-01-12 | $173,498 | $162,679 | $10,819 | $10,819 | |
| 417. VANGUARD DIVIDEND APPREC ETF | 2023-02-09 | 2024-01-12 | $71,087 | $65,342 | $5,745 | $5,745 | |
| 108. ISHARES S&P MIDCAP 400 INDEX FUND | 2023-02-09 | 2024-02-20 | $30,219 | $28,791 | $1,428 | $1,428 | |
| 316.714 GQG PART EMERG MKTS EQ-INST | 2023-02-09 | 2024-09-04 | $5,647 | $4,092 | $1,555 | $1,555 | |
| 3167.538 DFA INTERNATIONAL CORE EQTY | 2023-02-09 | 2024-09-04 | $51,884 | $46,056 | $5,828 | $5,828 | |
| 37.636 EATON VANCE-ATLANTA SMID-R6 | 2023-02-09 | 2024-09-04 | $1,624 | $1,362 | $262 | $262 | |
| 2300.086 GLDMN SCHS GQP PRT INTL-R6 | 2023-02-09 | 2024-09-04 | $53,661 | $39,009 | $14,652 | $14,652 | |
| 134.662 HARTFORD DVDND & GRWTH-F | 2024-01-12 | 2024-09-04 | $4,899 | $4,363 | $536 | $536 | |
| 38. ISHARES CORE S&P 500 ETF | 2024-02-20 | 2024-09-04 | $21,082 | $18,939 | $2,143 | $2,143 | |
| 10. ISHARES S&P 500 VALUE ETF | 2024-01-12 | 2024-09-04 | $1,942 | $1,736 | $206 | $206 | |
| 79. VANGUARD RUSSELL 1000 GROWTH ETF | 2024-01-12 | 2024-09-04 | $7,216 | $6,219 | $997 | $997 | |
| 60.74 GQG PART EMERG MKTS EQ-INST | 2023-02-09 | 2024-09-30 | $1,100 | $785 | $315 | $315 | |
| 45.995 ARTISAN INTL VALUE FUND-INS | 2024-09-04 | 2024-09-30 | $2,400 | $2,381 | $19 | $19 | |
| 26.515 COHEN & STEERS REALTY SHARES INSTITUTION | 2024-09-04 | 2024-09-30 | $1,400 | $1,371 | $29 | $29 | |
| 38.934 DFA US SMALL CAP PORTFOLIO | 2024-09-04 | 2024-09-30 | $1,900 | $1,828 | $72 | $72 | |
| 533.23 DODGE & COX INCOME FUND | 2024-09-04 | 2024-09-30 | $6,900 | $6,937 | -$37 | -$37 | |
| 62.458 EATON VANCE-ATLANTA SMID-R6 | 2023-02-09 | 2024-09-30 | $2,800 | $2,261 | $539 | $539 | |
| 77.453 GLDMN SCHS GQP PRT INTL-R6 | 2023-02-09 | 2024-09-30 | $1,800 | $1,314 | $486 | $486 | |
| 107.991 HARTFORD DVDND & GRWTH-F | 2024-01-12 | 2024-09-30 | $4,000 | $3,499 | $501 | $501 | |
| 24. ISHARES CORE S&P 500 ETF | 2024-09-30 | $13,759 | $11,943 | $1,816 | $1,816 | ||
| 93. ISHARES CORE TOTAL US BOND MKT ETF | 2024-09-04 | 2024-09-30 | $9,431 | $9,368 | $63 | $63 | |
| 13. ISHARES S&P 500 VALUE ETF | 2024-01-12 | 2024-09-30 | $2,555 | $2,256 | $299 | $299 | |
| 16. ISHARES 20 PLUS YEAR TREASURY BD ETF | 2024-09-04 | 2024-09-30 | $1,576 | $1,578 | -$2 | -$2 | |
| 75.487 JOHCM INTERNATIONAL SEL-INST | 2023-02-09 | 2024-09-30 | $1,900 | $1,629 | $271 | $271 | |
| 52.393 LOOMIS SAYLES GROWTH-N2 | 2024-09-04 | 2024-09-30 | $1,500 | $1,406 | $94 | $94 | |
| 18. SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | 2024-09-04 | 2024-09-30 | $1,652 | $1,647 | $5 | $5 | |
| 54. VANGUARD RUSSELL 1000 GROWTH ETF | 2024-01-12 | 2024-09-30 | $5,177 | $4,251 | $926 | $926 | |
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P | |||||
| CAPITAL GAIN DIVIDENDS | $7,271 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $37,888 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $942 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $942 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $942 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $4,124 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $4,124 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $3,182 | OverpaymentAmt |
| Applied To ES Tax | $944 | AppliedToESTaxAmt |
| Refund | $2,238 | RefundAmt |
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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRUIST BANK NA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4072374608 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 919798 | AddressLine1Txt |
| City | ORLANDO | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32891 | 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 |
| 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 (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| IRVING M GROVES III | ||||||
| 3378 BLACKBURN AVE | DALLAS | TX | 75204 | SECRETARY | 1 | $0 |
| MATTIE G SHEPPARD | ||||||
| PO BOX 4831 | MARTINSVILLE | VA | 24115 | PRESIDENT | 1 | $0 |
| JETT G WOOD | ||||||
| 1306 MULBERRY ROAD | MARTINSVILLE | VA | 24112 | VICE-PRESIDENT | 1 | $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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,624,863 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $49,622 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,674,485 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,674,485 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $25,117 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,649,368 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $82,468 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $82,468 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $942 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $942 | TotalTaxAmt |
| Distributable Before Adj | $81,526 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $6,500 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $88,026 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $88,026 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,000 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $4,000 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $88,026 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| 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 | $6,354 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $6,354 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,000 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $4,000 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $6,354 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $6,354 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $77,672 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| 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 (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BOYS & GIRLS CLUB | |||||||
| 311 E CHURCH ST | MARTINSVILLE | VA | 24112 | NONE | PC | GENERAL OPERATING | $1,500 |
| RIDGEWAY UNITED METHODIST CHURCH | |||||||
| PO BOX 78 | RIDGEWAY | VA | 24115 | NONE | PC | GENERAL OPERATING | $500 |
| DA CAPO VIRGINIA | |||||||
| PO BOX 3510 | MARTINSVILLE | VA | 24115 | NONE | PC | GENERAL OPERATING | $500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,500 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $40,312 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $37,888 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $78,200 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $78,200 | TotalIncomeProducingActyAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Rln Of Acty To Accom Of Exmpt Prps | RlnOfActyToAccomOfExmptPrpsGrp |
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 | TAX PREPARATION FEE (NON-ALLOC | CategoryTxt |
| Amt | $1,500 | Amt |
| Disbursements Charitable Prps | $1,500 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (3 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 258620566 DOUBLELINE TOTAL RET | ||
| 464287226 ISHARES CORE US AGGR | $277,852 | $283,353 |
| 464287432 ISHARES 20+ YEAR TRE | $41,356 | $45,911 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (20 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| 00771X419 GQG PARTNERS EMERGIN | AT COST | $22,774 | $31,922 |
| 19247U106 COHEN & STEERS INSTI | AT COST | $36,750 | $41,335 |
| 233203371 DFA INTERNATIONAL CO | |||
| 233203827 DFA US LARGE CAP VAL | |||
| 233203843 DFA US SMALL CAP POR | AT COST | $48,272 | $55,816 |
| 233203876 DFA INTERMEDIATE GOV | |||
| 256210105 DODGE & COX INCOME F | AT COST | $200,863 | $207,022 |
| 277902235 EATON VANCE ATLANTA | AT COST | $67,723 | $83,867 |
| 30254T676 FPA CRESCENT FD | |||
| 38147N269 GOLDMAN SACHS GQG PA | AT COST | $39,041 | $53,497 |
| 41664T669 HARTFORD DIVIDEND & | AT COST | $98,094 | $118,774 |
| 464287200 ISHARES CORE S&P 500 | AT COST | $312,646 | $419,925 |
| 464287507 ISHARES CORE S&P MID | |||
| 46653M849 JOHCM INTERNATIONAL | AT COST | $47,285 | $55,151 |
| 543488845 LOOMIS SAYLES GROWTH | AT COST | $29,161 | $43,151 |
| 921908844 VANGUARD DIVIDEND AP | |||
| 92206C680 VANGUARD RUSSELL 100 | AT COST | $110,582 | $156,459 |
| 04314H857 ARTISAN INTERNATIONA | AT COST | $71,789 | $72,372 |
| 464287408 ISHARES S&P 500 VALU | AT COST | $64,213 | $72,953 |
| 78468R663 SPDR BLOOMBERG 1-3 M | AT COST | $49,302 | $49,486 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (4 entries)
| DescDesc | AmtAmt |
|---|---|
| 2023 TRANSACTIONS POSTED IN 2024 | $436 |
| COST BASIS ADJUSTMENT | $100 |
| 2023 SALES POSTED IN 2024 | $5,395 |
| ROUNDING | $1 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| 2022 TRANSACTIONS POSTED IN 2023 | $2,595 |
| RECOVERY OF PRIOR YEAR GRANTS | $6,500 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMNT MNGMNT FEES (NON-DED | CategoryTxt |
| Amt | $9,742 | Amt |
| Net Investment Income | $9,742 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL TAX PAYMENT - PRIOR YE | $3,328 | $0 | $0 |
| FEDERAL ESTIMATES - PRINCIPAL | $4,124 | $0 | $0 |
| FOREIGN TAXES ON QUALIFIED FOR | $431 | $431 | $0 |
| FOREIGN TAXES ON NONQUALIFIED | $30 | $30 | $0 |
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