PAUL AND MARGARET PORTER CHARITABLE FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- PAUL AND MARGARET PORTER CHARITABLE FOUNDATION (EIN 59-1750571)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-06-25
- IRS object ID
- 202411779349100121
- 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
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-06-25T14:27:45-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 561434747 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREERWALKER LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 227 WEST TRADE ST SUITE 1100 | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28202 | 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 | 591750571 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PAUL AND MARGARET PORTER | BusinessNameLine1Txt |
| Business Name Line2 | CHARITABLE FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PAUL | BusinessNameControlTxt |
| Phone | 7047562091 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 611 KINGSTON WAY | AddressLine1Txt |
| City | FORT MILL | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29715 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | J WILLIAM PORTER | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 7047562091 | PhoneNum |
| Signature | 2024-06-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | J | PersonFirstNm |
| Person Last | WILLIAM PORTER | 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 | PAULA P TILLEY | PreparerPersonNm |
| PTIN | P00051456 | PTIN |
| Phone | 7043770239 | PhoneNum |
| Preparation | 2024-06-24 | PreparationDt |
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 | $7,457,124 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $3,258 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $3,258 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $199,351 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $199,351 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $236,080 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,832,910 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $236,080 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$5,583 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $22 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $433,106 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $438,711 | TotalNetInvstIncmAmt |
| 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 | $26,625 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $23,975 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $75,357 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $60,509 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $14,848 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $3,408 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $3,408 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $6,667 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $3,334 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $3,334 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $19,946 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $132,003 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $67,251 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $42,157 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $320,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $320,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $452,003 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $67,251 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $362,157 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$18,897 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $371,460 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $144,789 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $147,245 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $147,245 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $5,896,652 | CorporateStockBOYAmt |
| Corporate Stock EOY | $5,931,305 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,919,220 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $54,512 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $54,607 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $390,659 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $6,095,953 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,133,157 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $7,457,124 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $69,476 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $121,788 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $69,476 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $121,788 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $6,026,477 | RetainedEarningBOYAmt |
| Retained Earning EOY | $6,011,369 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $6,026,477 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $6,011,369 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $6,095,953 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $6,133,157 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $6,026,477 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$18,897 | ExcessRevenueOverExpensesAmt |
| Other Increases | $3,789 | OtherIncreasesAmt |
| Subtotal | $6,011,369 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $6,011,369 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| UBS #1535 | P | $4,094,979 | $4,110,622 | -$15,643 | -$15,643 |
| UBS #1536 | P | $437,475 | $421,151 | $16,324 | $16,324 |
| UBS #1537 | P | $142,072 | $148,404 | -$6,332 | -$6,332 |
| UBS #1536 | P | $643,879 | $353,669 | $290,210 | $290,210 |
| UBS #1537 | P | $512,283 | $562,984 | -$50,701 | -$50,701 |
| CAPITAL GAINS DIVIDENDS | P | $2,222 | $2,222 | $2,222 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $236,080 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $5,163 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $5,163 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $5,163 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $9,256 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $9,256 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $4,093 | OverpaymentAmt |
| Applied To ES Tax | $4,093 | 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 | PORTERFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | ELIZABETH PRETTY | IndividualWithBooksNm |
| Phone | 7047562091 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 611 KINGSTON WAY | AddressLine1Txt |
| City | FORT MILL | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29715 | 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 | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | 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 | Yes (1) | BusinessHoldingsInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| 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 (4 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 |
|---|---|---|---|---|---|---|---|---|
| ELLEN PORTER WARLICK | ||||||||
| 401 S TRYON STREET SUITE 3000 | CHARLOTTE | NC | 28202 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| PATRICIA PORTER TAYLOR | ||||||||
| 401 S TRYON STREET SUITE 3000 | CHARLOTTE | NC | 28202 | VICE PRESIDENT | 1.00 | $0 | $0 | $0 |
| SCOTT PORTER | ||||||||
| 401 S TRYON STREET SUITE 3000 | CHARLOTTE | NC | 28202 | TREASURER | 1.00 | $0 | $0 | $0 |
| J WILLIAM PORTER | ||||||||
| 401 S TRYON STREET SUITE 3000 | CHARLOTTE | NC | 28202 | SECRETARY | 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 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UBS FINANCIAL SERVICES INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6100 FAIRVIEW ROAD 9TH FLOOR | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28210 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT/ADVISORY | ServiceTypeTxt |
| Compensation | $67,232 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | $6,606,259 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $172,808 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $390,659 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $7,169,726 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $7,169,726 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $107,546 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $7,062,180 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $353,109 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $353,109 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $5,163 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $5,163 | TotalTaxAmt |
| Distributable Before Adj | $347,946 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $347,946 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $347,946 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $362,157 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $362,157 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $347,946 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $321,635 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $362,157 | QualifyingDistributionsAmt |
| Applied To Year1 | $321,635 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $40,522 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | 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 | $307,424 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (38 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| BLOWING ROCK ART & HISTORY MUSEUM | ||||||
| PO BOX 828 | BLOWING ROCK | NC | 28605 | PC | GENERAL OPERATIONS | $2,500 |
| BLOWING ROCK METHODIST CHURCH | ||||||
| 1530 QUEENS ROAD UNIT 704 | CHARLOTTE | NC | 28207 | PC | GENERAL OPERATIONS | $5,000 |
| BLUE RIDGE CONSERVANCY | ||||||
| PO BOX 568 | BOONE | NC | 28607 | PC | GENERAL OPERATIONS | $2,500 |
| BOYS & GIRLS CLUB OF CLEVELAND COUNTY | ||||||
| 412 W SUMTER ST | SHELBY | NC | 28150 | PC | GENERAL OPERATIONS | $10,000 |
| BREVARD COLLEGE | ||||||
| ONE BREVARD COLLEGE | BREVARD | NC | 28712 | PC | MAINTENANCE ENDOWMENT FOR THE PORTER CENTER | $50,000 |
| CENTRAL UNITED METHODIST CHURCH | ||||||
| 200 E MARION ST | SHELBY | NC | 28150 | PC | GENERAL OPERATIONS | $10,000 |
| CHARLOTTE LATIN SCHOOL | ||||||
| 9502 PROVIDENCE ROAD | CHARLOTTE | NC | 28277 | PC | PROFESSIONAL DEVELOPMENT AND SUPPLIES FOR TEACHING STAFF | $10,000 |
| CHILDREN'S HOME OF CLEVELAND COUNTY INC | ||||||
| PO BOX 2053 | SHELBY | NC | 28151 | PC | RENOVATIONS TO AARON'S HOUSE RESIDENCE | $15,000 |
| CLEVELAND COUNTY ABUSE PREVENTION COUNCIL INC | ||||||
| PO BOX 2589 | SHELBY | NC | 281512589 | PC | SERVICES TO CHILDREN EXPOSED TO DOMESTIC VIOLENCE | $10,000 |
| CLEVELAND COUNTY ARTS COUNCIL | ||||||
| 111 S WASHINGTON STREET | SHELBY | NC | 28150 | PC | GENERAL OPERATIONS | $1,000 |
| CLEVELAND COUNTY FAMILY YMCA INC (FKA FOOTHILLS JR GOLF ASSOCIATION) | ||||||
| 3005 LONGWOOD DR | SHELBY | NC | 28152 | PC | GENERAL OPERATIONS | $10,000 |
| CLEVELAND COUNTY POTATO PROJECT INC | ||||||
| 107 QUAIL HOLLOW DRIVE | KINGS MOUNTAIN | NC | 28026 | PC | GENERAL OPERATIONS | $4,000 |
| CLEVELAND COUNTY SCHOOLS EDUCATIONAL FOUNDATION INC | ||||||
| 400 WEST MARION STREET | SHELBY | NC | 28150 | PC | GENERAL OPERATIONS | $10,000 |
| COMMUNITY MATH ACADEMY | ||||||
| PO BOX 687 | SHELBY | NC | 28151 | PC | ENHANCE EDUCATIONAL OPPORTUNITIES THROUGH SIGNATURE PROGRAMS AND EXTENDED WEEK SMART CAMPS | $10,000 |
| CRISIS ASSISTANCE MINISTRY | ||||||
| 500-A SPRATT STREET | CHARLOTTE | NC | 28206 | PC | GENERAL ASSISTANCE TO FAMILIES | $2,500 |
| CURE JM FOUNDATION | ||||||
| 19309 WINMEADE DRIVE STE 204 | LEESBURG | VA | 20176 | PC | TOWN HALLS, FAMILY CONFERENCES AND EDUCATION | $3,500 |
| DANVILLE CHRISTIAN ACADEMY | ||||||
| PO BOX 2017 | DANVILLE | KY | 40422 | PC | GENERAL OPERATIONS | $5,000 |
| DUKE DIVINITY SCHOOL | ||||||
| PO BOX 90581 | DURHAM | NC | 27708 | PC | NEED BASED SCHOLARSHIPS | $5,000 |
| FEEDING KIDS CLEVELAND COUNTY | ||||||
| 405 W MARION ST | SHELBY | NC | 28150 | PC | PROVISION OF FOOD AND BOOKS TO CHILDREN IN NEED | $8,000 |
| FIRST UNITED METHODIST CHURCH OF CHARLOTTESVILLE | ||||||
| 101 E JEFFERSON STREET | CHARLOTTESVILLE | VA | 22902 | PC | PRE-SCHOOL, WEEKLY MEALS TO NEEDY, RISE AGAINST HUNGER PROGRAM | $12,000 |
| FREEDOM SCHOOL PARTNERS | ||||||
| 1030 AROSA AVE PO BOX 37363 | CHARLOTTE | NC | 28237 | PC | SUPPORT SUMMER LEARNING AND ENRICHMENT PROGRAMS | $2,500 |
| HAITI MISSION FOUNDATION | ||||||
| PO BOX 895 | CHARLOTTESVILLE | VA | 22902 | PC | GENERAL OPERATIONS | $5,000 |
| HOSPICE OF THE PIEDMONT | ||||||
| 675 PETER JEFFERSON PKWY | CHARLOTTESVILLE | VA | 22911 | PC | SUPPORT FOR HOSPICE PATIENTS AND THEIR FAMILIES | $2,000 |
| JEFFERSON AREA BOARD FOR AGING INC | ||||||
| 674 HILLDALE DRIVE STE 9 | CHARLOTTESVILLE | VA | 22901 | PC | GENERAL ASSISTANCE TO SENIOR CITIZENS IN NEED | $3,000 |
| LIFE ENRICHMENT CENTER OF CLEVELAND COUNTY INC | ||||||
| 110 LIFE ENRICHMENT BLVD | SHELBY | NC | 281503689 | PC | REPAIR/REPLACE APPLIANCES, COMMUNICATION DEVICES, UPDATED PROGRAM SUPPLIES, ROLLING RECLINERS (GERI-CHAIRS) | $20,000 |
| LOAVES & FISHES FOOD PANTRY | ||||||
| 648 GRIFFITH ROAD | CHARLOTTE | NC | 28217 | PC | PROGRAM SUPPORT | $2,500 |
| LOAVES & FISHES FOOD PANTRY | ||||||
| 2050 LAMBS ROAD | CHARLOTTESVILLE | VA | 22901 | PC | PROVIDING FOOD TO FAMILIES IN NEED | $15,000 |
| LYNC8 PROJECT CORP | ||||||
| 127 JOYCE STREET | HARRODSBURG | KY | 40330 | PC | SEND MISSION TEAMS TO PROVIDE REPAIRS AND MAINTENANCE TO SCHOOL BUILDINGS IN NEED IN PUERTO RICO | $5,000 |
| MENTAL HEALTH ASSOCIATION OF CLEVELAND COUNTY | ||||||
| PO BOX 623 | SHELBY | NC | 28151 | PC | GENERAL OPERATIONS | $10,000 |
| MEREDITH COLLEGE | ||||||
| 3800 HILLSBOROUGH STREET | RALEIGH | NC | 276075298 | PC | GENERAL OPERATIONS | $1,000 |
| MYERS PARK UNITED METHODIST CHURCH | ||||||
| 1501 QUEENS ROAD | CHARLOTTE | NC | 28207 | PC | GENERAL OPERATIONS | $7,500 |
| SOUTH MOUNTAIN CHRISTIAN YOUTH CAMP INC | ||||||
| PO BOX 9 | BOSTIC | NC | 28018 | PC | CAMP SCHOLARSHIPS | $2,000 |
| SPREAD THE HEALTH INC | ||||||
| 2310 CHANCELLOR ROAD | RICHMOND | VA | 232352714 | PC | FUNDING A CLINICAL NURSE MIDWIFE, OPERATION OF SOLAR SYSTEMS POWERING CLINICS AND LABS | $15,000 |
| THE LEARNING COLLABORATIVE | ||||||
| PO BOX 220488 | CHARLOTTE | NC | 28222 | PC | FAMILY SCHOOL READINESS PROGRAMS | $10,000 |
| THE MADISON CHILDHOOD CANCER FOUNDATION | ||||||
| 679 VICTORIAN CIRCLE | DALLAS | GA | 30157 | PC | SUPPORT VARIOUS HOLIDAY PROGRAMS FOR CHILDREN UNDERGOING CANCER TREATMENT | $3,500 |
| THE SALVATION ARMY - CLEVELAND COUNTY | ||||||
| PO BOX 1764 | SHELBY | NC | 28150 | PC | RENT AND UTILITY ASSISTANCE FOR FAMILIES IN NEED | $10,000 |
| UMCOR | ||||||
| 458 PONCE DE LEON AVE | ATLANTA | GA | 30308 | PC | DISASTER ASSISTANCE | $10,000 |
| WASHINGTON OUTREACH MINISTRY | ||||||
| PO BOX 507 | WACO | NC | 28169 | PC | DISASTER ASSISTANCE | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $320,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,258 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $199,351 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $22 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $236,080 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LOSS FROM INVESTMENTS | Desc |
| Business | 721110 | BusinessCd |
| Unrelated Business Taxbl Incm | -$5,605 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$5,605 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $438,711 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $433,106 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $26,625 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $23,975 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| UBS 1535 | $2,185,140 | $2,217,052 |
| UBS 1536 | $2,030,249 | $2,822,852 |
| UBS 1537 | $1,715,916 | $1,879,316 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ALBEMARLE ROAD LLC | AT COST | $6,086 | $8,820 |
| BELMONT #1 | AT COST | $29,563 | $96,469 |
| I-85 | AT COST | $18,958 | $28,733 |
| SANDESTIN BEACH HOTEL LTD | AT COST | $0 | $256,637 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FROM K-1 SANDESTIN | Desc |
| Revenue And Expenses Per Books | $19,946 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| FROM K-1 - ALBEMARLE ROAD | $2 | $2 | $2 |
| OTHER INCOME | $20 | $20 | $20 |
| LOSS FROM INVESTMENTS | -$5,605 | -$5,605 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| INVESTMENTS - CORPORATE STOCK BOOK-TAX BASIS ADJUSTMENT | $2,159 |
| SANDESTINE K-1 - NONDEDUCTIBLE EXPENSES | $1,630 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SANDESTIN BEACH HOTEL LTD | Desc |
| BOY Book Value | $69,476 | BOYBookValueAmt |
| EOY Book Value | $121,788 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT FEES 1535 | $20,890 | $18,801 | $2,089 |
| INVESTMENT FEES 1536 | $28,100 | $25,290 | $2,810 |
| INVESTMENT FEES 1537 | $18,242 | $16,418 | $1,824 |
| OTHER PROFESSIONAL FEES | $8,125 | $0 | $8,125 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES 1536 | $2,616 | $2,616 | $0 |
| FOREIGN TAXES 1537 | $790 | $790 | $0 |
| FOREIGN TAXES 1535 | $2 | $2 | $0 |
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