GMK ASSOCIATES INC FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: GMK ASSOCIATES INC FOUNDATION (EIN 57-0805352)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-11-14
IRS object ID: 202303189349103630
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
Form 990-PF
Other Expenses Schedule
Other Notes Loans Rcvbl Short Sch2

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-11-14T14:55:27-05:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	582295262	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MONAHAN CONSULTING LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	3103 DEVINE ST	AddressLine1Txt
City	COLUMBIA	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29205	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	570805352	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GMK ASSOCIATES INC FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	GMKA	BusinessNameControlTxt
Phone	8032560000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1201 MAIN ST	AddressLine1Txt
City	COLUMBIA	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29201	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	THOMAS P MONAHAN	PersonNm
Person Title	TRUSTEE	PersonTitleTxt
Phone	8032560000	PhoneNum
Signature	2023-05-15	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	THOMAS	PersonFirstNm
Person Last	MONAHAN	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	false	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DANIEL T MONAHAN	PreparerPersonNm
PTIN	P01605436	PTIN
Phone	8034461502	PhoneNum
Preparation	2023-11-14	PreparationDt
Self Employed	Yes (X)	SelfEmployedInd

Field	Value	IRS element (for citing)
Tax	2022	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	$0	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$1,800	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$26,921	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$26,921	InterestOnSavNetInvstIncmAmt
Total Rev And Expnss	$28,721	TotalRevAndExpnssAmt
Total Net Invst Incm	$26,921	TotalNetInvstIncmAmt
Other Expenses Rev And Expnss	$167	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$167	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$17,075	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$17,075	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$17,242	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$17,075	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$11,479	ExcessRevenueOverExpensesAmt
Net Investment Income	$26,921	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$16,887	CashBOYAmt
Cash EOY	$19,408	CashEOYAmt
Other Nts And Loans Rcvbl	$405,470	OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY	$396,512	OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY	$405,470	OtherNtsAndLoansRcvblEOYAmt
Total Assets BOY	$413,399	TotalAssetsBOYAmt
Total Assets EOY	$424,878	TotalAssetsEOYAmt
Total Assets EOYFMV	$0	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$413,399	RetainedEarningBOYAmt
Retained Earning EOY	$424,878	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$413,399	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$424,878	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$413,399	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$424,878	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$413,399	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$11,479	ExcessRevenueOverExpensesAmt
Subtotal	$424,878	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$424,878	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Ruling Letter	1982-06-11	RulingLetterDt
Investment Income Excise Tax	$374	InvestmentIncomeExciseTaxAmt
Subtotal	$374	SubtotalAmt
Tax Based On Investment Income	$374	TaxBasedOnInvestmentIncomeAmt
Tax Due	$374	TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	SC	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	Yes (true)	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	TP MONAHAN	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8032560000	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	1201 MAIN ST STE 2100	AddressLine1Txt
City	COLUMBIA	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29201	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 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
THOMAS P MONAHAN
1201 MAIN ST	COLUMBIA	SC	29201	TRUSTEE	000.00	$0	$0	$0
ROBERT H KENNEDY
1201 MAIN ST	COLUMBIA	SC	29201	TRUSTEE	000.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	TO SUPPORT VARIOUS NON-PROFIT EDUCATIONAL INSTITURTIONS, SOCIAL, ARTS, HUMAITIES AND ATHLETIC NP ORGANIZATIONS.	Description1Txt
Expenses1	$1	Expenses1Amt
Description2	SEE ATTACHED SCHEDULE AT PART XV	Description2Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$0	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$0	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$0	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$0	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$0	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$0	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Sect4942j3j5 Fndtn And Frgn Org	Yes (X)	Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$17,075	ExpensesAndContributionsAmt
Qualifying Distributions	$17,075	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Undistributed Income PY	$200	UndistributedIncomePYAmt
Qualifying Distributions	$17,075	QualifyingDistributionsAmt
Applied To Year1	$200	AppliedToYear1Amt
Remaining Distri From Corpus	$16,875	RemainingDistriFromCorpusAmt
Total Corpus	$16,875	TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

Field	Value	IRS element (for citing)
Section4942j3	Yes (X)	Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

Field	Value	IRS element (for citing)
Current Year	$0	CurrentYearAmt
Total	$0	TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Current Year	$17,075	CurrentYearAmt
Year2	$5,270	Year2Amt
Year3	$3,945	Year3Amt
Total	$26,290	TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

Field	Value	IRS element (for citing)
Current Year	$17,075	CurrentYearAmt
Year2	$5,270	Year2Amt
Year3	$3,945	Year3Amt
Total	$26,290	TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

Field	Value	IRS element (for citing)
Year2	$13,483	Year2Amt
Year3	$13,364	Year3Amt
Total	$26,847	TotalAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
ALLEN UNIVERSITY
1530 HARDEN ST	COLUMBIA	SC	29204	INDEPENDENT	HBCU	TO FURHTER ORG'S NP OBJECTIVES	$1,000
SC STATE MUSEUM FUND
301 GERVAISE	COLUMBIA	SC	29201			TO FURTHER ORG'S NP OBJECTIVES	$2,000
VORHEES COLLEGE
481 PORTER DR	DENMARK	SC	29042			TO FURTHER ORG'S NP OBJECTIVES	$2,000
SC FAMILIES HELPING FAMILIES
PO BOX 5141	COLUMBIA	SC	29205			TO FURTHER ORG'S NP OBJECTIVES	$3,725
STILL HOPES OPPORTUNITY FUND
1 STILL HOPES DR	COLUMBIA	SC	29169			TO FURTHER ORG'S NP OBJECTIVES	$6,750
SC INDEPENDENT COLLEGES
1706 SENATE ST	COLUMBIA	SC	29201			TO FURTHER ORG'S NP OBJECTIVES	$200
SC JR GOLF ASSOC
7451 IRMO DR	COLUMBIA	SC	29212			TO PROMOTE JR. GOLF IN SC	$200
SOUTH MINISTER COMMUNITY FUND
8919 PARK RD	CHARLOTTE	NC	28210			TO PROMOTE SOUTHERN MINISTERS	$200
OIL FOUNDATION
1304 LINCON ST	COLUMBIA	SC	29201			TO FURTHER THE ORGANIZATIONS NP GOAL	$1,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$17,075	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$26,921	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$26,921	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$26,921	TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (3 entries)

Line NumberLineNumberTxt	Relationship StatementRelationshipStatementTxt
1A	TO USE THE FUNDS TO DONATE TO THE NON-PROFIT ACTICITES OF
4	VARIOUS EDUCATION AND HUMAN ASSISTANCE ACTIVITES
3	SAME AS ABOVE

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK CHARGES	$167

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

Field	Value	IRS element (for citing)
Business Name Line1	LOAN RECEIVABLE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Balance Due	$405,470	BalanceDueAmt

Comments