R&S FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
R&S FAMILY FOUNDATION (EIN 87-3554430)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-13
IRS object ID
202403189349102410
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)
Return2024-11-13T13:24:06-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN562150385PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PAUL COX & TODD PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1110 OAKWOOD DR STE 520AddressLine1Txt
CityWINSTON SALEMCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27103ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN873554430EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1R&S FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlR&SFBusinessNameControlTxt
Phone8287136281PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1380 KNOLLWOOD STREET SUITE HAddressLine1Txt
CityWINSTONSALEMCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27103ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT QUICKPersonNm
Person TitleVP/TREASURERPersonTitleTxt
Phone8287136281PhoneNum
Signature2024-11-12SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRISTOPHER D HENSONPreparerPersonNm
PTINP01317835PTIN
Phone3367941211PhoneNum
Preparation2024-11-12PreparationDt
Self EmployedYes (X)SelfEmployedInd
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$951,306FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$496,177ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$21InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$21InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$19,137DividendsRevAndExpnssAmt
Dividends Net Invst Incm$19,137DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$410,449NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,394,218GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$410,449CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$925,784TotalRevAndExpnssAmt
Total Net Invst Incm$429,607TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$700AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$4,586OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$4,586OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$105TaxesRevAndExpnssAmt
Taxes Net Invst Incm$90TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$5,391TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$4,676TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$16,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$16,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$21,391TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$4,676TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$16,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$904,393ExcessRevenueOverExpensesAmt
Net Investment Income$424,931NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,148CashBOYAmt
Cash EOY$3,074CashEOYAmt
Cash EOYFMV$3,074CashEOYFMVAmt
Sav And Temp Cash Invst EOY$144,743SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$144,743SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$481,805CorporateStockBOYAmt
Corporate Stock EOY$750,860CorporateStockEOYAmt
Corporate Stock EOYFMV$803,489CorporateStockEOYFMVAmt
Total Assets BOY$482,953TotalAssetsBOYAmt
Total Assets EOY$898,677TotalAssetsEOYAmt
Total Assets EOYFMV$951,306TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$482,953NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$898,677NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$482,953TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$898,677TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$482,953TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$898,677TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$482,953TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$904,393ExcessRevenueOverExpensesAmt
Subtotal$1,387,346SubtotalAmt
Other Decreases$488,669OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$898,677TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
RAYMOND JAMESP$476,395$494,456-$18,061-$18,061
RAYMOND JAMESP$917,823$489,313$428,510$428,510
FieldValueIRS element (for citing)
Capital Gain Net Income$410,449CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$5,907InvestmentIncomeExciseTaxAmt
Subtotal$5,907SubtotalAmt
Tax Based On Investment Income$5,907TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$6,000ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$6,000TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Overpayment$93OverpaymentAmt
Applied To ES Tax$93AppliedToESTaxAmt

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
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 BooksROBERT QUICKIndividualWithBooksNm
Phone8287136281PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12735 OLD TOWN CLUB ROADAddressLine1Txt
CityWINSTON SALEMCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27106ZIPCd
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 PY12022UndistributedIncomePY1Yr
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
ELIZABETH QUICK
315 FAIRFAX DRIVEWINSTON SALEMNC27104PRESIDENT000.00$0$0$0
ROBERT QUICK
2735 OLD TOWN CLUB ROADWINSTON SALEMNC27106VP/TREASURER000.00$0$0$0
SARA LOEBNER
5017 KNOB VIEW TRAILWINSTON SALEMNC27104VP/SECRETARY000.00$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$591,569AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$74,483AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$666,052TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$666,052AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,991CashDeemedCharitableAmt
Net Vl Noncharitable Assets$656,061NetVlNoncharitableAssetsAmt
Minimum Investment Return$32,803MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$32,803MinimumInvestmentReturnAmt
Tax Based On Investment Income$5,907TaxBasedOnInvestmentIncomeAmt
Total Tax$5,907TotalTaxAmt
Distributable Before Adj$26,896DistributableBeforeAdjAmt
Distributable Before Ded$26,896DistributableBeforeDedAmt
Distributable As Adjusted$26,896DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$16,000ExpensesAndContributionsAmt
Qualifying Distributions$16,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$26,896DistributableAsAdjustedAmt
Undistributed Income PY$16,446UndistributedIncomePYAmt
Qualifying Distributions$16,000QualifyingDistributionsAmt
Applied To Year1$16,000AppliedToYear1Amt
Taxable2$446Taxable2Amt
Undistributed Income CY$26,896UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
FORSYTH COUNTRY DAY SCHOOL
5501 SHALLOWFORD ROADLEWISVILLENC27023501(C)(3)FORSYTH FUND$9,000
BRIDGES TO HOPE FAMILY JUSTICE CENT
725 HIGHLAND AVE ANNEX 1WINSTONSALEMNC27101501(C)(3)GENERAL SUPPORT$1,000
CENTERS FOR EXCEPTIONAL CIHLDREN
2315 COLISEUM DR NWWINSTONSALEMNC27106501(C)(3)GENERAL SUPPORT$2,000
SECOND HARVEST FOOD BANK OF NW NC
3330 SHOREFAIR DR NWWINSTONSALEMNC27105501(C)(3)GENERAL SUPPORT$2,500
FORSYTH HUMANE SOCIETY
4881 COUNTRY CLUB RDWINSTONSALEMNC27104501(C)(3)GENERAL SUPPORT$1,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$16,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$21ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$19,137ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$410,449ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$429,607ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$429,607TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonELIZABETH L QUICKContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line15017 KNOB VIEW TRAILAddressLine1Txt
CityWINSTON SALEMCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27104ZIPCd
FieldValueIRS element (for citing)
Total Contributions$496,177TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property2200 SHS LOWNoncashPropertyDesc
Fair Market Value$496,177FairMarketValueAmt
Received2023-07-05ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryPAUL, COX & TODD PLLCCategoryTxt
Amt$700Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockRAYMOND JAMESStockNm
EOY Book Value$750,860EOYBookValueAmt
EOYFMV$803,489EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescBOOK/TAX DIFFERENCE ON CONTRIBUTED STOCK SOLDDesc
Amt$488,669Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT EXPENSECategoryTxt
Amt$4,586Amt
Net Investment Income$4,586NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
RAYMOND JAMES - FOREIGN TAX PAID$90$90
EXCISE TAX PAID ON INV INCOME$15

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