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GEORGE KIRVIN FLOYD FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
GEORGE KIRVIN FLOYD FOUNDATION INC (EIN 26-1604802)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-10-21
IRS object ID
202412959349100811
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-10-21T12:59:48-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN581794921PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HLM ACCOUNTING & TAX INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1160 CLAIREMONT AVE STE 630AddressLine1Txt
CityDECATURCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30030ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN261604802EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GEORGE KIRVIN FLOYD FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGEORBusinessNameControlTxt
Phone7703645713PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1957 EAST PINE AVENUEAddressLine1Txt
CitySAINT GEORGE ISLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32328ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGEORGE KIRVIN FLOYDPersonNm
Person TitlePRESIDENT/TREASURERPersonTitleTxt
Phone7703645713PhoneNum
Signature2024-10-21SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDELOYD JOHNSON-JONES CPAPreparerPersonNm
PTINP01972173PTIN
Phone4048361120PhoneNum
Preparation2024-10-21PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,493,632FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$1,567InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,567InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1,567InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$49,973DividendsRevAndExpnssAmt
Dividends Net Invst Incm$49,973DividendsNetInvstIncmAmt
Dividends Adj Net Incm$49,973DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$7,209NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$379,999GrossSalesPriceAmt
Total Rev And Expnss$44,331TotalRevAndExpnssAmt
Total Net Invst Incm$51,540TotalNetInvstIncmAmt
Total Adj Net Incm$51,540TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,950AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$1,262TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$10,934OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$15,146TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$110,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$220,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$125,146TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$220,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$80,815ExcessRevenueOverExpensesAmt
Net Investment Income$51,540NetInvestmentIncomeAmt
Adjusted Net Income$51,540AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$63,200CashBOYAmt
Cash EOY$34,771CashEOYAmt
Cash EOYFMV$34,771CashEOYFMVAmt
Corporate Stock BOY$1,476,912CorporateStockBOYAmt
Corporate Stock EOY$1,469,237CorporateStockEOYAmt
Corporate Stock EOYFMV$2,138,800CorporateStockEOYFMVAmt
Other Investments BOY$380,750OtherInvestmentsBOYAmt
Other Investments EOY$326,757OtherInvestmentsEOYAmt
Other Investments EOYFMV$320,061OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,920,862TotalAssetsBOYAmt
Total Assets EOY$1,830,765TotalAssetsEOYAmt
Total Assets EOYFMV$2,493,632TotalAssetsEOYFMVAmt
Other Liabilities BOY$110,000OtherLiabilitiesBOYAmt
Other Liabilities EOY$110,000OtherLiabilitiesEOYAmt
Total Liabilities BOY$110,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$110,000TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,810,862RetainedEarningBOYAmt
Retained Earning EOY$1,720,765RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,810,862TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,720,765TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,920,862TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,830,765TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,810,862TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$80,815ExcessRevenueOverExpensesAmt
Subtotal$1,730,047SubtotalAmt
Other Decreases$9,282OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,720,765TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$716InvestmentIncomeExciseTaxAmt
Subtotal$716SubtotalAmt
Tax Based On Investment Income$716TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$43EsPenaltyAmt
Tax Due$759TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksGEORGE KIRVIN FLOYDIndividualWithBooksNm
Phone7703645713PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1957 EAST PINE AVENUEAddressLine1Txt
CityST GEORGE ISLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32328ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYYes (true)UndistributedIncomePYInd
Undistributed Income PY12020UndistributedIncomePY1Yr
Undistr Incm Sect4942a2 Not AppYes (true)UndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
GEORGE KIRVIN FLOYD
957 EAST PINE AVENUEST GEORGE ISLANDFL32328PRESIDENT/TR000.00$0$0$0
JAMES C FLOYD
6224 WAKE ROBIN LANETALLAHASSEEFL32309VICE PRESIDE000.00$0$0$0
JENNIFER F VAN HEUSEN
442 TOMBFIELD ROADCAMDENSC29020SECRETARY000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,380,512AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$37,967AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,418,479TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,418,479AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$36,277CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,382,202NetVlNoncharitableAssetsAmt
Minimum Investment Return$119,110MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$119,110MinimumInvestmentReturnAmt
Tax Based On Investment Income$716TaxBasedOnInvestmentIncomeAmt
Total Tax$716TotalTaxAmt
Distributable Before Adj$118,394DistributableBeforeAdjAmt
Distributable Before Ded$118,394DistributableBeforeDedAmt
Distributable As Adjusted$118,394DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$220,000ExpensesAndContributionsAmt
Qualifying Distributions$220,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$118,394DistributableAsAdjustedAmt
Undistributed Income PY$126,511UndistributedIncomePYAmt
Prior Year12020PriorYear1Yr
Total For Prior Years$15,183TotalForPriorYearsAmt
Qualifying Distributions$220,000QualifyingDistributionsAmt
Applied To Year1$126,511AppliedToYear1Amt
Applied To Current Year$93,489AppliedToCurrentYearAmt
Prior Year Undistributed Incm$15,183PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$15,183PriorYearDeficiencyOrTaxAmt
Undistributed Income CY$24,905UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonGEORGE FLOYDRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1957 EAST PINE AVENUEAddressLine1Txt
CityST GEORGE ISLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32328ZIPCd
FieldValueIRS element (for citing)
Recipient Phone7703645713RecipientPhoneNum
Form And Info And MaterialsN/AFormAndInfoAndMaterialsTxt
Submission DeadlinesN/ASubmissionDeadlinesTxt
Restrictions On AwardsN/ARestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
APALACHICOLA MARITIME MUSEUM INC
957 EAST PINE AVENUEST GEORGE ISLANDFL32328CHARITY DONATION TO REBUILD$110,000
APALACHICOLA MARITIME MUSEUM INC
957 EAST PINE AVENUEST GEORGE ISLANDFL32328CHARITABLE$55,000
MAYO CLINIC
200 1STROCHESTERMN55902CHARITABLE CONTRIBUTION$55,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$220,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,567ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$49,973ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$7,209RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$51,540ExclusionAmt
Related Or Exempt Function Incm-$7,209RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$44,331TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
Amt$2,950Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (14 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
ISHARES S&P 100 EFT2023-02PURCHASE2023-07$1,281$1,113$168
ISHARES S&P 100 EFT2023-02PURCHASE2023-10$23,451$21,707$1,744
ISHARES CORE US AGGREGATE BOND EFTPURCHASE2023-02$87,392$88,278-$886
SPDR S&P 500 EFT TRUST2023-02PURCHASE2023-10$13,193$12,795$398
SPDR BLOOMBERG BARCLAYS 1-3PURCHASE2023-02$41,748$41,723$25
VANGUARD FTSE DEVELOPED MARKETS ETF2023-07PURCHASE2023-10$5,892$6,533-$641
CREDIT SUISSE COMMODITY -RETURN2022-01PURCHASE2023-02$54,181$62,743-$8,562
CREDIT SUISSE COMMODITY -RETURN2022-01PURCHASE2023-10$2,245$2,649-$404
GOLDMAN SACHS ABSOLUTE2021-11PURCHASE2023-10$21,682$24,503-$2,821
ISHARES S&P 100 ETF2022-05PURCHASE2023-07$33,099$28,940$4,159
ISHARES RUSSELL MID-CAP ETF2021-11PURCHASE2023-10$14,085$16,515-$2,430
SPDR S&P 500 ETF TRUST2022-05PURCHASE2023-10$22,556$22,948-$392
VANGUARD FTSE DEVELOPED MARKETS EFT2018-12PURCHASE2023-10$54,585$50,654$3,931
VANGUARD FTSE EMERGING MARKETS EFT2021-01PURCHASE2023-10$4,609$6,107-$1,498

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockEQUITIESStockNm
EOY Book Value$1,469,237EOYBookValueAmt
EOYFMV$2,138,800EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
HEDGE FUNDSAT COST$300,824$298,616
TANGIBLE ASSETSAT COST$25,933$21,445

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescPRIOR YEAR BASIS ADJUSTMENTDesc
Amt$9,282Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK ACCOUNT MANGMT FEES$10,934

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescACCRUED CHARITABLE DONATIONSDesc
BOY Book Value$110,000BOYBookValueAmt
EOY Book Value$110,000EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAX PAIDCategoryTxt
Amt$1,262Amt

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