CHILDTRUST FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- CHILDTRUST FOUNDATION (EIN 20-0477249)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-06-17
- IRS object ID
- 202441699349100634
- Schema version
- 2023v5.1
- 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
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-06-17T14:10:50-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 561750124 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BATCHELOR TILLERY & ROBERTS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3605 GLENWOOD AVENUE SUITE 350 | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27612 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200477249 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHILDTRUST FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHIL | BusinessNameControlTxt |
| Phone | 9197819310 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 N WEST STREET | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27603 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | EASTER A MAYNARD | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 9197819310 | PhoneNum |
| Signature | 2024-06-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | EASTER | PersonFirstNm |
| Person Last | MAYNARD | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHELLE W LEMANSKI | PreparerPersonNm |
| PTIN | P00858709 | PTIN |
| Phone | 9197878212 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $25,727,073 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $1,000,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $7,728 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $7,728 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $507,573 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $507,573 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,685,835 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $11,922,213 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,685,835 | CapGainNetIncmNetInvstIncmAmt |
| Incm Modifications Adj Net Incm | $60,000 | IncmModificationsAdjNetIncmAmt |
| Total Rev And Expnss | $4,201,136 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,201,136 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $60,000 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $40,869 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $9,880 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $41,041 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $156,352 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $156,352 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $248,142 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $156,352 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,309,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,557,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,557,642 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $156,352 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,557,500 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,643,494 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,044,784 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $60,000 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $842,159 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $12,445,305 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $12,445,305 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $14,776 | PrepaidExpensesBOYAmt |
| Corporate Stock BOY | $87,663 | CorporateStockBOYAmt |
| Corporate Stock EOY | $7,600,953 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $13,270,164 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $19,928,713 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $0 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $0 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $11,604 | OtherAssetsBOYAmt |
| Other Assets EOY | $11,604 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $11,604 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $20,884,915 | TotalAssetsBOYAmt |
| Total Assets EOY | $20,057,862 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $25,727,073 | TotalAssetsEOYFMVAmt |
| Grants Payable BOY | $220,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $752,000 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $27,121 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $220,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $779,121 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $20,664,915 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $19,278,741 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $20,664,915 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $19,278,741 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $20,884,915 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $20,057,862 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $20,664,915 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,643,494 | ExcessRevenueOverExpensesAmt |
| Other Increases | $60,000 | OtherIncreasesAmt |
| Subtotal | $22,368,409 | SubtotalAmt |
| Other Decreases | $3,089,668 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $19,278,741 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|---|
| FROM PASS-THROUGH-FINANCIAL ASCENT | P | -$441,574 | -$441,574 | ||||
| FROM PASS-THROUGH-FINANCIAL ASCENT | P | -$1,512,451 | -$1,512,451 | ||||
| BTIG, LLC-PUBLICLY TRADED SECURITIES | P | -$127,051 | -$127,051 | 2023-01-01 | 2023-12-31 | $1,758,302 | $1,885,353 |
| BTIG, LLC-PUBLICLY TRADED SECURITIES | P | $4,766,876 | $4,766,876 | 2022-01-01 | 2023-12-31 | $10,163,911 | $5,397,035 |
| CAPITAL GAINS DISTRIBUTIONS | P | $35 | $35 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,685,835 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $42,322 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $42,322 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $42,322 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $13,920 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $42,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $55,920 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $13,598 | OverpaymentAmt |
| Applied To ES Tax | $13,598 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NC | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | INVESTORS MANAGEMENT CORP | IndividualWithBooksNm |
| Phone | 9196537499 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 N WEST STREET | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27603 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 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 |
|---|---|---|---|---|---|---|---|---|
| JAMES H MAYNARD | ||||||||
| 801 N WEST STREET | RALEIGH | NC | 27603 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| EASTER A MAYNARD | ||||||||
| 801 N WEST STREET | RALEIGH | NC | 27603 | VICE PRESIDENT | 5.00 | $0 | $0 | $0 |
| RICHARD A URQUHART III | ||||||||
| 801 N WEST STREET | RALEIGH | NC | 27603 | TREASURER | 1.00 | $0 | $0 | $0 |
| RONALD M BARBEE | ||||||||
| 801 N WEST STREET | RALEIGH | NC | 27603 | SECRETARY | 3.00 | $0 | $0 | $0 |
| THEODORE M FOWLER | ||||||||
| 801 N WEST STREET | RALEIGH | NC | 27603 | DIRECTOR | 1.00 | $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 |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $5,513,488 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $547,970 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $11,604 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $6,073,062 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $6,073,062 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $91,096 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $5,981,966 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $299,098 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $299,098 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $42,322 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $42,322 | TotalTaxAmt |
| Distributable Before Adj | $256,776 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $256,776 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $256,776 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,557,500 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,557,500 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $256,776 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $271,232 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $302,254 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $397,594 | ExcessDistributionCyovYr3Amt |
| Total Excess Distribution Cyov | $971,080 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,557,500 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $256,776 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,300,724 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $2,271,804 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $271,232 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $2,000,572 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $302,254 | ExcessFromYear4Amt |
| Excess From Year3 | $397,594 | ExcessFromYear3Amt |
| Excess From Current Year | $1,300,724 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (29 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| BERTIE COUNTY YMCA | |||||||
| 1102 N KING STREET | WINDSOR | NC | 27983 | PC | PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD SPIRIT, MIND, AND BODY | $15,000 | |
| BOYS AND GIRLS CLUB OF COASTAL CAROLINA | |||||||
| 621 W FIRE TOWER ROAD | WINTERVILLE | NC | 28590 | PC | DESIGNED SOLELY FOR YOUTH DEVELOPMENT PURPOSES | $105,000 | |
| BOYS AND GIRLS CLUB OF WAKE COUNTY INC | |||||||
| 721 NORTH RALEIGH BOULEVARD | RALEIGH | NC | 27610 | PC | DESIGNED SOLELY FOR YOUTH DEVELOPMENT PURPOSES | $35,000 | |
| CAMP CORRAL | |||||||
| 801 NORTH WEST STREET | RALEIGH | NC | 27603 | PC | PROVIDE MEANINGFUL CAMP EXPERIENCES FOR MILITARY CHILDREN | $250,000 | |
| CENTER FOR CHILD & FAMILY HEALTH | |||||||
| 1121 W CHAPEL HILL ST STE 100 | DURHAM | NC | 27701 | PC | TO REDUCE THE IMPACT OF CHILD TRAUMATIC STRESS ON CHILDREN AND FAMILIES | $5,500 | |
| DOWN EAST PARTNERSHIP FOR CHILDREN | |||||||
| 215 LEXINGTON STREET | ROCKY MOUNT | NC | 27802 | PC | TO LAUNCH EVERY CHILD AS A HEALTHY, LIFELONG LEARNER BY THE END OF THIRD GRADE | $20,000 | |
| EAST WAKE EDUCATION FOUNDATION | |||||||
| 16 EAST FOURTH STREET PO BOX 1404 | WENDELL | NC | 27591 | PC | ADVOCATE FOR AREA SCHOOLS IN EASTERN WAKE COUNTY. | $15,000 | |
| EDUCATION NC | |||||||
| POST OFFICE BOX 1636 | RALEIGH | NC | 27602 | PC | EXPAND EDUCATION OPPORTUNITIES FOR ALL CHILDREN IN NORTH CAROLINA | $125,000 | |
| HELPS EDUCATION FUND | |||||||
| PO BOX 51537 | DURHAM | NC | 27717 | PC | TO PROVIDE HELPS LITERACY TUTORING PROGRAM TRAINING, COACHING AND COORDINATION IN WAKE AND CUMBERLAND COUNTIES | $65,000 | |
| LEARNING TOGETHER | |||||||
| 568 EAST LENOIR STREET NO 204 | RALEIGH | NC | 27601 | PC | CREATING A WORLD WHERE CHILDREN OF ALL ABILITIES AND FROM ALL BACKGROUNDS ARE VALUED AND RESPECTED. | $15,000 | |
| MY FUTURE NC | |||||||
| POST OFFICE BOX 26246 | RALEIGH | NC | 27611 | PC | TO INCREASE EDUCATIONAL ATTAINMENT LEVELS OF ALL INDIVIDUALS | $25,000 | |
| NC CHILD | |||||||
| 3109 POPLARWOOD COURT SUITE 300 | RALEIGH | NC | 27604 | PC | ENSURE CHILDREN HAVE ACCESS TO HEALTH CARE AND EDUCATION | $60,000 | |
| NC COMMUNITY FOUNDATION | |||||||
| 3737 GLENWOOD AVENUE 460 | RALEIGH | NC | 27612 | PC | TO ESTABLISH A ROOT SYSTEM OF SUPPORT ACROSS NORTH CAROLINA | $100,000 | |
| NC EARLY CHILDHOOD FOUNDATION | |||||||
| 907 GLENWOOD AVENUE | RALEIGH | NC | 27604 | PC | TO MARSHAL NORTH CAROLINA'S GREAT PEOPLE, IDEAS AND ACHIEVEMENTS TO BUILD A FOUNDATION OF OPPORTUNITY AND SUCCESS FOR EVERY CHILD BY THE END OF THIRD GRADE | $95,000 | |
| NC OFFICE OF STRATEGIC PARTNERSHIPS | |||||||
| 20320 MAIL SERVICE CENTER | RALEIGH | NC | 276990320 | PC | TO DEVELOP PARTNERSHIPS BETWEEN STATE GOVERNMENT & NORTH CAROLINA'S RESEARCH & PHILANTHROPIC SECTORS | $10,000 | |
| NORTH CAROLINA BUSINESS LEADERS FOR EDUCATION (BEST NC) | |||||||
| 940 NW CARY PARKWAY NO 121 | CARY | NC | 27513 | PC | TO IMPORVE NORTH CAROLINA'S EDUCATION SYSTEM THROUGH POLICY AND ADVOCACY | $20,000 | |
| NURSE FAMILY PARTNERSHIP | |||||||
| 10 SUNNYBROOK ROAD | RALEIGH | NC | 27610 | PC | REGISTERED NURSES SUPPORT FIRST-TIME MOTHERS | $25,000 | |
| PREVENT CHILD ABUSE NC INC | |||||||
| 3000 AERIAL CENTER PARKWAY SUITE | MORRISVILLE | NC | 27560 | PC | PREVENT ABUSE AND NEGLECT OF OUR NATION'S CHILDREN | $71,000 | 180 |
| PUBLIC SCHOOL FORUM OF NC INC | |||||||
| 3739 NATIONAL DRIVE SUITE 100 | RALEIGH | NC | 27612 | PC | SHAPE A WORLD-CLASS PUBLIC EDUCATION | $4,250 | |
| REACH OUT AND READ INC | |||||||
| 89 SOUTH STREET SUITE 201 | BOSTON | MA | 02111 | PC | INCORPORATES BOOKS INTO PEDIATRIC CARE & ENCOURAGES FAMILIES TO READ ALOUD TOGETHER | $95,000 | |
| SEASIDE UNITED METHODIST CHURCH | |||||||
| 1300 SEASIDE ROAD SW | SUNSET BEACH | NC | 28468 | PC | COMMUNITY OF FAITH THAT SEEKS TO FOLLOW CHRIST MORE DEEPLY THROUGH THE DEDICATION OF OUR PRAYERS, PRESENCE, GIFTS, SERVICE AND WITNESS | $25,000 | |
| SIMPLY GIRLS INC | |||||||
| 406 WEST BROAD STREET | DUNN | NC | 28334 | PC | HELPING GIRLS AGES 5-18 BY ENGAGING THEM IN AFTER-SCHOOL AND SUMMER PROGRAMS | $6,250 | |
| STANLY COMMUNITY COLLEGE FOUNDATION INC | |||||||
| 141 COLLEGE DRIVE | ALBEMARLE | NC | 28001 | PC | FOR TRAUMA INFORMED TRAINING DEVELOPMENT | $81,500 | |
| STEP UP MINISTRY | |||||||
| 1701 OBERLIN ROAD | RALEIGH | NC | 27608 | PC | TRANSFORMING PEOPLES LIVES THROUGH EMPLOYMENT AND LIFE SKILLS TRAINING | $50,000 | |
| TEACH FOR AMERICA INC | |||||||
| 324 BLACKWELL STREET BAY 11 SUITE | DURHAM | NC | 27701 | PC | TEACHERS FOR UNDER-RESOURCED SCHOOLS | $55,000 | 1160 |
| THE CARE GROUP INC | |||||||
| POST OFFICE BOX 1966 | SOUTHERN PINES | NC | 28388 | PC | MOTHEREAD/FATHEREAD FAMILY LITERACY PROGRAM | $12,000 | |
| THE DANIEL CENTER FOR MATH & SCIENCE | |||||||
| 735 ROCK QUARRY ROAD | RALEIGH | NC | 27610 | PC | TO MAKE A SUBSTANTIAL ACADEMIC DIFFERENCE IN THE LIVES OF AT-RISK YOUTH | $32,000 | |
| WAKE EDUCATION PARTNERSHIP | |||||||
| 706 HILLSBOROUGH STREET SUITE A | RALEIGH | NC | 27603 | PC | COLLABORATE THE COMMUNITY WITH THE WAKE COUNTY PUBLIC SCHOOL FORUM | $40,000 | |
| YMCA OF THE TRIANGLE | |||||||
| 801 CORPORATE CENTER DRIVE SUITE | RALEIGH | NC | 27607 | PC | PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD SPIRIT, MIND, AND BODY | $100,000 | 200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,557,500 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (8 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| BOYS AND GIRLS CLUB OF COASTAL CAROLINA | |||||||
| 621 W FIRE TOWER ROAD | WINTERVILLE | NC | 28590 | PC | DESIGNED SOLELY FOR YOUTH DEVELOPMENT PURPOSES | $225,000 | |
| CAMP CORRAL | |||||||
| 801 NORTH WEST STREET | RALEIGH | NC | 27603 | PC | PROVIDE MEANINGFUL CAMP EXPERIENCES FOR MILITARY CHILDREN | $250,000 | |
| CENTER FOR CHILD & FAMILY HEALTH | |||||||
| 1121 W CHAPEL HILL ST STE 100 | DURHAM | NC | 27701 | PC | TO REDUCE THE IMPACT OF CHILD TRAUMATIC STRESS ON CHILDREN AND FAMILIES | $5,500 | |
| EDUCATION NC | |||||||
| POST OFFICE BOX 1636 | RALEIGH | NC | 27602 | PC | EXPAND EDUCATION OPPORTUNITIES FOR ALL CHILDREN IN NORTH CAROLINA | $125,000 | |
| NC OFFICE OF STRATEGIC PARTNERSHIPS | |||||||
| 20320 MAIL SERVICE CENTER | RALEIGH | NC | 276990320 | PC | TO DEVELOP PARTNERSHIPS BETWEEN STATE GOVERNMENT & NORTH CAROLINA'S RESEARCH & PHILANTHROPIC SECTORS | $20,000 | |
| PREVENT CHILD ABUSE NC INC | |||||||
| 3000 AERIAL CENTER PARKWAY SUITE | MORRISVILLE | NC | 27650 | PC | PREVENT ABUSE AND NEGLECT OF OUR NATION'S CHILDREN | $71,000 | 180 |
| STANLY COMMUNITY COLLEGE FOUNDATION INC | |||||||
| 141 COLLEGE DRIVE | ALBEMARLE | NC | 28001 | PC | FOR TRAUMA INFORMED TRAINING DEVELOPMENT | $5,500 | |
| STEP UP MINISTRY | |||||||
| 1701 OBERLIN ROAD | RALEIGH | NC | 27608 | PC | TRANSFORMING PEOPLES LIVES THROUGH EMPLOYMENT AND LIFE SKILLS TRAINING | $50,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $752,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $7,728 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $507,573 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,685,835 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $3,201,136 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,201,136 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | 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 Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INVESTORS MANAGEMENT CORPORATION | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 N WEST STREET | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27603 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $1,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL & PROFESSIONAL FEES | CategoryTxt |
| Amt | $40,869 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (24 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 500 SHS OF ADOBE INC. | $35,857 | $298,300 |
| 2,000 SHS OF ALPHABET INC. | $51,806 | $281,860 |
| 3,098 SHS ABBOTT LABORATORIES | $121,525 | $340,997 |
| 561 SHS ADOBE INC. | $98,865 | $334,693 |
| 3,515 SHS ALPHABET INC. | $116,707 | $495,369 |
| 2,731 SHS AMAZON.COM INC. | $233,244 | $414,948 |
| 3,732 SHS APPLIED MATERIALS INC. | $170,312 | $604,845 |
| 2,034 SHS CHARLES RIV LABS INTL INC. | $483,023 | $480,838 |
| 1,606 DANAHER CORPORATION | $220,216 | $371,532 |
| 938 SHS THE HOME DEPOT, INC. | $129,007 | $325,064 |
| 2,409 SHS IQVIA HOLDINGS INC. | $234,819 | $557,394 |
| 3,546 SHS JPMORGAN CHASE & CO | $303,148 | $603,175 |
| 1,391 SHS MASTERCARD INCORPORATED CLASS A | $213,977 | $593,275 |
| 7,386 SHS MERCK & CO., INC. | $507,648 | $805,222 |
| 1,867 SHS MICROSOFT CORPORATION | $162,515 | $702,067 |
| 6,856 SHS MICROCHIP TECHNOLOGY INCORPORATED | $215,940 | $618,274 |
| 1,052 SHS NORTHROP GRUMMAN CORP | $331,555 | $492,483 |
| 9,069 SHS PERFORMANCE FOOD GROUP COMPANY | $624,779 | $627,121 |
| 740 SHS THERMO FISHER SCIENTIFIC INC. | $212,965 | $392,785 |
| 985 SHS UNITEDHEALTH GROUP INCORPORATED | $136,344 | $518,573 |
| 2,273 SHS VISA INC. | $171,998 | $591,776 |
| 13,881 SHS CHARLES SCHWAB CORPORATION | $946,470 | $955,013 |
| 13,601 SHS SYSCO CORPORATION | $997,450 | $994,641 |
| 19,157 SHS US FOODS HOLDING CORP | $880,783 | $869,919 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TAX RECEIVABLE | Desc |
| BOY Book Value | $11,604 | BOYBookValueAmt |
| EOY Book Value | $11,604 | EOYBookValueAmt |
| EOYFMV | $11,604 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR PERIOD ADJUSTMENT | Desc |
| Amt | $3,089,668 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FINANCIAL ASCENT TE LMTD PRTNR | Desc |
| Revenue And Expenses Per Books | $156,352 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $156,352 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REVERSAL OF PRIOR PERIOD GRANTS APPROVED FOR FUTURE PAYMENT | Desc |
| Amt | $60,000 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED TAX | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $27,121 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | GRANT ASSISTANCE ORG DUES | CategoryTxt |
| Amt | $9,880 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL EXCISE TAX | CategoryTxt |
| Amt | $41,041 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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