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Constructive Management Foundation: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
Constructive Management Foundation (EIN 05-0438672)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-05-14
IRS object ID
202321349349100487
Schema version
2022v5.0
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)
Return2023-05-14T19:25:47-07:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN931212696PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Kevin W Keithley CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1715 SW Morrison Ste 700AddressLine1Txt
CityPortlandCityNm
State AbbreviationORStateAbbreviationCd
ZIP97205ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN050438672EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Constructive Management FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCONSBusinessNameControlTxt
Phone8282528096PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 8907AddressLine1Txt
CityAshevilleCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28814ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPaul R FaragoPersonNm
Person TitlePresidentPersonTitleTxt
Signature2023-02-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstPaul RPersonFirstNm
Person LastFaragoPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKevin W KeithleyPreparerPersonNm
PTINP01366864PTIN
Phone5032285585PhoneNum
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Final ReturnYes (X)FinalReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$71InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$71InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$8,347DividendsRevAndExpnssAmt
Dividends Net Invst Incm$8,347DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$59,932NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$563,639GrossSalesPriceAmt
Total Rev And Expnss-$51,514TotalRevAndExpnssAmt
Total Net Invst Incm$8,418TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$150LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$3,905AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$2,319OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$2,319OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$1,561TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,561TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$8,249OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$16,184TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,880TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$435,701ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$435,701ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$451,885TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,880TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$435,701TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$503,399ExcessRevenueOverExpensesAmt
Net Investment Income$4,538NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$64,958SavAndTempCashInvstBOYAmt
Corporate Stock BOY$449,355CorporateStockBOYAmt
Total Assets BOY$514,313TotalAssetsBOYAmt
Total Assets EOY$0TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Other Liabilities BOY$10,914OtherLiabilitiesBOYAmt
Total Liabilities BOY$10,914TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$503,399RetainedEarningBOYAmt
Tot Net Ast Or Fund Balances BOY$503,399TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$0TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$514,313TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$0TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$503,399TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$503,399ExcessRevenueOverExpensesAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
See Attached StatementP2022-01-012022-12-31$206,527$243,156-$36,629-$36,629
See Attached StatementP2021-01-012022-12-31$347,827$380,415-$32,588-$32,588
Capital Gain Dividends$9,285
FieldValueIRS element (for citing)
Capital Gain Net Income-$59,932CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$36,629NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$63InvestmentIncomeExciseTaxAmt
Subtotal$63SubtotalAmt
Tax Based On Investment Income$63TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$800EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$800TotalPaymentsAndCreditsAmt
Overpayment$737OverpaymentAmt
Applied To ES Tax$0AppliedToESTaxAmt
Refund$737RefundAmt

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 EtcYes (true)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNCOrgReportOrRegisterStateCd
Org Report Or Register StateRIOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Paul FaragoBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8282528096PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 8907AddressLine1Txt
CityAshevilleCityNm
State AbbreviationNCStateAbbreviationCd
ZIP288148907ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Paul R Farago
PO Box 8907AshevilleNC288148907President0.00$0
Samuel C Farago
PO Box 8907AshevilleNC288148907Director0.00$0
Michelle T Farago
PO Box 8907AshevilleNC288148907Director0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$397,101AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$71,587AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$468,688TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$468,688AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$7,030CashDeemedCharitableAmt
Net Vl Noncharitable Assets$461,658NetVlNoncharitableAssetsAmt
Minimum Investment Return$23,083MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$23,083MinimumInvestmentReturnAmt
Tax Based On Investment Income$63TaxBasedOnInvestmentIncomeAmt
Total Tax$63TotalTaxAmt
Distributable Before Adj$23,020DistributableBeforeAdjAmt
Distributable Before Ded$23,020DistributableBeforeDedAmt
Distributable As Adjusted$23,020DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$435,701ExpensesAndContributionsAmt
Qualifying Distributions$435,701QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$23,020DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$3,536ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$3,026ExcessDistributionCyovYr4Amt
Total Excess Distribution Cyov$6,562TotalExcessDistributionCyovAmt
Qualifying Distributions$435,701QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$23,020AppliedToCurrentYearAmt
Remaining Distri From Corpus$412,681RemainingDistriFromCorpusAmt
Total Corpus$419,243TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$3,536ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$415,707ExcessDistriCyovToNextYrAmt
Excess From Year4$3,026ExcessFromYear4Amt
Excess From Current Year$412,681ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerPaul R FaragoContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Preservation Society of Asheville
PO Box 2806AshevilleNC28802NonePCCharitable$1,284
Upper Midwest Law Center
8421 Wayzata Blvd Suite 105Golden ValleyMN55426NonePCCharitable$500
University of North Carolina
1 University HeightsAshevilleNC28804NonePCCharitable$353
Christ School
500 Christ School RoadArdenNC28704NonePCCharitable$50
Brooke Foundation USA
2333 Alexandria DriveLexingtonKY40504NonePCCharitable$150
Rabun Gap School
339 Nacoochee DriveRabun GapGA30568NonePCCharitable$1,000
Foundation for Individual
510 Walnut St Suite 1250PhiladelphiaPA19106NonePCCharitable$500
Donors Trust
1800 Diagonal Rd Suite 280AlexandriaVA22314NonePCCharitable$429,580
Citizens for Responsible Land Use
PO Box 18942AshevilleNC28814NonePCCharitable$1,000
Preserving a Picturesque America
10 Ebby RidgeFairviewNC28730NonePCCharitable$1,284
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$435,701TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$71ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,347ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$59,932ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$51,514ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$51,514TotalIncomeProducingActyAmt

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)
CategoryKevin W. Keithley, CPA, P.C.CategoryTxt
Amt$3,905Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Dissolution Stmt DissolutionStmt

Dissolution Information DissolutionInformationGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Donors TrustBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11800 Diagonal Road St 280AddressLine1Txt
CityAlexandriaCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22314ZIPCd
FieldValueIRS element (for citing)
Short ExplanationCash and SecuritiesShortExplanationTxt
Dissolution$429,580DissolutionAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryHilderbran HitchcockCategoryTxt
Legal Fees$150LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
Bank Fees$20
Filing Fees$356
Office Supplies$1,040
Postage$364
Telephone / Internet$6,469

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Management FeesCategoryTxt
Amt$2,319Amt
Net Investment Income$2,319NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
Federal Income Tax$1,542$1,542
Foreign Taxes$19$19

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