BETA

PATRICK BEAVER SCHOLARSHIP FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
PATRICK BEAVER SCHOLARSHIP FOUNDATION INC (EIN 56-2048446)
Tax period
2023-09-01 to 2024-08-31
Filed
2024-11-19
IRS object ID
202403249349100205
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-19T08:13:29-06:00ReturnTs
Tax Period End2024-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN561761202PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MARTIN STARNES & ASSOCIATES CPAS PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1730 13TH AVENUE DR SEAddressLine1Txt
CityHICKORYCityNm
State AbbreviationNCStateAbbreviationCd
ZIP286025196ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN562048446EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PATRICK BEAVER SCHOLARSHIP FOUNDATIONBusinessNameLine1Txt
Business Name Line2INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlPATRBusinessNameControlTxt
Phone8283250655PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12425 NORTH CENTER STREET 362AddressLine1Txt
CityHICKORYCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28601ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANGELA B SIMMONSPersonNm
Person TitleSECRETARYPersonTitleTxt
Phone8283250655PhoneNum
Signature2024-11-18SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOHN B WHITLEY II CPACFPPreparerPersonNm
PTINP00609379PTIN
Phone8283272727PhoneNum
Preparation2024-11-05PreparationDt
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$2,487,486FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$50ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$57,150DividendsRevAndExpnssAmt
Dividends Net Invst Incm$57,150DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$8,984NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$567,360GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$8,984CapGainNetIncmNetInvstIncmAmt
Incm Modifications Adj Net Incm$3,000IncmModificationsAdjNetIncmAmt
Total Rev And Expnss$66,184TotalRevAndExpnssAmt
Total Net Invst Incm$66,134TotalNetInvstIncmAmt
Total Adj Net Incm$3,000TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$9,258AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$4,629AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$4,629AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$11,801OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$0OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$11,801OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$465TaxesRevAndExpnssAmt
Taxes Net Invst Incm$465TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$6,284OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$5,961OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$323OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$27,808TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$11,055TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$16,753TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$103,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$103,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$130,808TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$11,055TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$119,753TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$64,624ExcessRevenueOverExpensesAmt
Net Investment Income$55,079NetInvestmentIncomeAmt
Adjusted Net Income$3,000AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$31,446SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$56,947SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$56,947SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$241,486USGovernmentObligationsBOYAmt
US Government Obligations EOY$197,831USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$200,563USGovtObligationsEOYFMVAmt
Corporate Stock BOY$613,956CorporateStockBOYAmt
Corporate Stock EOY$677,833CorporateStockEOYAmt
Corporate Stock EOYFMV$1,825,199CorporateStockEOYFMVAmt
Corporate Bonds BOY$508,487CorporateBondsBOYAmt
Corporate Bonds EOY$401,140CorporateBondsEOYAmt
Corporate Bonds EOYFMV$404,777CorporateBondsEOYFMVAmt
Total Assets BOY$1,395,375TotalAssetsBOYAmt
Total Assets EOY$1,333,751TotalAssetsEOYAmt
Total Assets EOYFMV$2,487,486TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$1,395,375RetainedEarningBOYAmt
Retained Earning EOY$1,333,751RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,395,375TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,333,751TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,395,375TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,333,751TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,395,375TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$64,624ExcessRevenueOverExpensesAmt
Other Increases$3,000OtherIncreasesAmt
Subtotal$1,333,751SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,333,751TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPUBLICLY TRADED SECURITIESPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$567,360GrossSalesPriceAmt
Cost Or Other Basis$558,376CostOrOtherBasisAmt
Gain Or Loss$8,984GainOrLossAmt
Gains Minus Excess Or Losses$8,984GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$8,984CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$766InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$766SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$766TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,757EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$1,757TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Overpayment$991OverpaymentAmt
Applied To ES Tax$991AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateNCOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksABS LEGACY PARTNERSIndividualWithBooksNm
Phone8283250655PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12425 NORTH CENTER STREET 362AddressLine1Txt
CityHICKORYCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28601ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnYes (1)FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (1)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions0ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc0TransactionsFailToQlfyAsExcInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
TONI W ALEXANDER
2425 NORTH CENTER STREET 362HICKORYNC28601PRESIDENT1.00$0$0$0
JEFFREY W BEHMER
2425 NORTH CENTER STREET 362HICKORYNC28601TREASURER1.00$0$0$0
ANGELA B SIMMONS
2425 NORTH CENTER STREET 362HICKORYNC28601SECRETARY1.00$0$0$0
DEBORAH B LOOPER
2425 NORTH CENTER STREET 362HICKORYNC28601VICE PRESIDENT1.00$0$0$0
DONNA B MALONE
2425 NORTH CENTER STREET 362HICKORYNC28601DIRECTOR1.00$0$0$0
GRACE B SIMMONS
2425 NORTH CENTER STREET 362HICKORYNC28601DIRECTOR1.00$0$0$0
KATHERYN BEHMER
2425 NORTH CENTER STREET 362HICKORYNC28601DIRECTOR1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,300,992AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$60,378AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,361,370TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$2,361,370AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$35,421CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,325,949NetVlNoncharitableAssetsAmt
Minimum Investment Return$116,297MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$116,297MinimumInvestmentReturnAmt
Tax Based On Investment Income$766TaxBasedOnInvestmentIncomeAmt
Total Tax$766TotalTaxAmt
Distributable Before Adj$115,531DistributableBeforeAdjAmt
Recoveries Qualfied Distri$3,000RecoveriesQualfiedDistriAmt
Distributable Before Ded$118,531DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$118,531DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$119,753ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$119,753QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$118,531DistributableAsAdjustedAmt
Undistributed Income PY$91,691UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$119,753QualifyingDistributionsAmt
Applied To Year1$91,691AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$28,062AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$90,469UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (35 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AARON CONNOLLY LIBERTY UNIVERSITY
PO BOX 10425LYNCHBURHVA24506NONEISCHOLARSHIP GRANT$3,000
ALERA HAGER UNC-CHARLOTTE
9201 UNIVERSITY CITY BLVDCHARLOTTENC28223NONEISCHOLARSHIP GRANT$1,500
AMYLYN DE PAZ DUKE UNIVERSITY
BOX 3715DURHAMNC27708NONEISCHOLARSHIP GRANT$2,500
ANA GRAY STANFORD UNIVERSITY
450 JANE STANFORD WAYSTANFORDCA94305NONEISCHOLARSHIP GRANT$5,000
BRADLEY TEPPER UNC-CHARLOTTE
9201 UNIVERSITY CITY BLVDCHARLOTTENC28223NONEISCHOLARSHIP GRANT$3,000
BRITNEE BESINGER NC STATE UNIVERSIT
CAMPUS BOX 7302RALEIGHNC27695NONEISCHOLARSHIP GRANT$2,500
BRYEN ALVAREZ UNC-CHAPEL HILL
450 RIDGEROAD CB 1400CHAPEL HILLNC27599NONEISCHOLARSHIP GRANT$5,000
CAELY ARNEY NC STATE UNIVERSITY
CAMPUS BOX 7302RALEIGHNC27695NONEISCHOLARSHIP GRANT$3,000
CANDY REYES-MONTERROSA NC STATE UNI
CAMPUS BOX 7302RALEIGHNC27695NONEISCHOLARSHIP GRANT$2,500
CATELYN COOK UNIVERSITY OF MIAMI
1320 S DIXIE HWYCORAL GABLESFL33146NONEISCHOLARSHIP GRANT$1,500
CHIALY XIONG UNC-CHAPEL HILL
450 RIDGEROAD CB 1400CHAPEL HILLNC27599NONEISCHOLARSHIP GRANT$3,000
ELLA CECIL APPALACHIAN STATE UNIVER
BOX 32059BOONENC28608NONEISCHOLARSHIP GRANT$2,500
ELLEN WILLIAMS UNC-CHAPEL HILL
450 RIDGEROAD CB 1400CHAPEL HILLNC27599NONEISCHOLARSHIP GRANT$3,000
ERICA MAGGIO UNC - WILMINGTON
601 S COLLEGE RDWILMINGTONNC28403NONEISCHOLARSHIP GRANT$3,000
EVAN GRIFFITH CATAWBA VALLEY COMMUN
2550 HIGHWAY 70 SEHICKORYNC28602NONEISCHOLARSHIP GRANT$3,000
JADE LYTTLE UNC-CHARLOTTE
9201 UNIVERSITY CITY BLVDCHARLOTTENC28223NONEISCHOLARSHIP GRANT$5,000
KENNEDY MOULTON CATAWBA VALLEY COMM
2550 HIGHWAY 70 SEHICKORYNC28602NONEISCHOLARSHIP GRANT$1,500
KENNEDY MOULTON UNC-CHARLOTTE
9201 UNIVERSITY CITY BLVDCHARLOTTENC28223NONEISCHOLARSHIP GRANT$1,500
LEONARDO NEGRETE-PEREZ APPALACHIAN
BOX 32059BOONENC28608NONEISCHOLARSHIP GRANT$1,500
MADISON MIDEA UNC-CHAPEL HILL
450 RIDGEROAD CB 1400CHAPEL HILLNC27599NONEISCHOLARSHIP GRANT$3,000
MARIAH CULPEPPER DUKE UNIVERSITY
BOX 3715DURHAMNC27708NONEISCHOLARSHIP GRANT$3,000
MARY FAIRCHILD UNC-CHAPEL HILL
450 RIDGEROAD CB 1400CHAPEL HILLNC27599NONEISCHOLARSHIP GRANT$4,500
MASON BUFF NC STATE UNIVERSITY
CAMPUS BOX 7302RALEIGHNC27695NONEISCHOLARSHIP GRANT$3,000
MAZZYLYN HAMBY UNC-CHAPEL HILL
450 RIDGEROAD CB 1400CHAPEL HILLNC27599NONEISCHOLARSHIP GRANT$1,500
MIKAYAH PARSONS AMHERST COLLEGE
PO BOX 5000AMHERSTMA01002NONEISCHOLARSHIP GRANT$1,500
NERY GONZALEZ-GARCIA NC STATE UNIVE
CAMPUS BOX 7302RALEIGHNC27695NONEISCHOLARSHIP GRANT$5,000
NICK BYLES UNC-CHAPEL HILL
450 RIDGEROAD CB 1400CHAPEL HILLNC27599NONEISCHOLARSHIP GRANT$1,500
NOLAN HEATH EAST TENNESSEE STATE UN
PO BOX 70731JOHNSON CITYTN37614NONEISCHOLARSHIP GRANT$3,000
PAIGE FURR APPALACHIAN STATE UNIVER
BOX 32059BOONENC28608NONEISCHOLARSHIP GRANT$7,500
RACHEL HODAKOWSKI UNC-CHAPEL HILL
450 RIDGEROAD CB 1400CHAPEL HILLNC27599NONEISCHOLARSHIP GRANT$3,000
SARAH HEATH NC STATE UNIVERSITY
CAMPUS BOX 7302RALEIGHNC27695NONEISCHOLARSHIP GRANT$1,500
SARAH LINGLE APPALACHIAN STATE UNIV
BOX 32059BOONENC28608NONEISCHOLARSHIP GRANT$3,000
STEPHANIE GUTIERREZ UNC-CHARLOTTE
9201 UNIVERSITY CITY BLVDCHARLOTTENC28223NONEISCHOLARSHIP GRANT$3,000
TAYLOR RAMSEUR EAST CAROLINA UNIVER
E 5TH STGREENVILLENC27858NONEISCHOLARSHIP GRANT$2,500
WHITNEY STEWART LENOIR-RHYNE UNIVER
PO BOX 7246HICKORYNC28603NONEISCHOLARSHIP GRANT$3,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$103,000TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$57,150ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$8,984ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$66,134ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$66,134TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
TAX COMPLIANCE$3,500$1,750$1,750
BOOKKEEPING$5,758$2,879$2,879

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ANGELA B SIMMONSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Short Explanation*ABS LEGACY PARTNERS, A FIRM OWNED BY AN OFFICER OF THE PATRICK BEAVER SCHOLARSHIP FOUNDATION ("THE FOUNDATION") WAS COMPENSATED BY THE FOUNDATION TO PROVIDE MANAGEMENT SERVICES. THIS COMPENSATION IS REPORTED ON PART I, LINE 16C TO BE CONSISTENT WITH THE CHARACTER OF THE EXPENSE. THE FIRM BILLED THE FOUNDATION AT OR BELOW MARKET RATESShortExplanationTxt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondCORPORATE BONDS TOTALBondNm
EOY Book Value$401,140EOYBookValueAmt
EOYFMV$404,777EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCORPORATE STOCK TOTALStockNm
EOY Book Value$677,833EOYBookValueAmt
EOYFMV$1,825,199EOYFMVAmt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$197,831USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$200,563USGovtObligationsEOYFMVAmt
State Local Sec Book Vl EOY$0StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV$0StateLocalSecEOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT & CUSTODY FEES$5,961$5,961$0
OPERATIONAL EXPENSES$323$0$323

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescRECOVERIES OF PRIOR YEAR QUALIFYING DISTRIBUTIONSDesc
Amt$3,000Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryADMINISTRATION OF FOUNDATIONCategoryTxt
Amt$11,801Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$11,801DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$465Amt
Net Investment Income$465NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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