BETA

PATRICK BEAVER SCHOLARSHIP FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
PATRICK BEAVER SCHOLARSHIP FOUNDATION INC (EIN 56-2048446)
Tax period
2022-09-01 to 2023-08-31
Filed
2023-12-21
IRS object ID
202323559349101017
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)
Return2023-12-21T16:08:47-06:00ReturnTs
Tax Period End2023-08-31TaxPeriodEndDt

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 Begin2022-09-01TaxPeriodBeginDt

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
Signature2023-12-20SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstANGELAPersonFirstNm
Person LastSIMMONSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
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
Preparation2023-12-20PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

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

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,276,852FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$10,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$52,051DividendsRevAndExpnssAmt
Dividends Net Invst Incm$52,051DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$24,725NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$605,598GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$24,725CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$86,776TotalRevAndExpnssAmt
Total Net Invst Incm$76,776TotalNetInvstIncmAmt
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$4,750AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$2,375AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$25,407OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$0OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$25,407OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$3,800TaxesRevAndExpnssAmt
Taxes Net Invst Incm$276TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$1,925OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,486OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$439OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$35,882TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,762TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$28,221TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$100,750ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$100,750ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$136,632TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,762TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$128,971TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$49,856ExcessRevenueOverExpensesAmt
Net Investment Income$75,014NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$41,915SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$31,446SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$31,446SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$249,282USGovernmentObligationsBOYAmt
US Government Obligations EOY$241,486USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$246,352USGovtObligationsEOYFMVAmt
Corporate Stock BOY$658,347CorporateStockBOYAmt
Corporate Stock EOY$613,956CorporateStockEOYAmt
Corporate Stock EOYFMV$1,501,904CorporateStockEOYFMVAmt
Corporate Bonds BOY$495,687CorporateBondsBOYAmt
Corporate Bonds EOY$508,487CorporateBondsEOYAmt
Corporate Bonds EOYFMV$497,150CorporateBondsEOYFMVAmt
Total Assets BOY$1,445,231TotalAssetsBOYAmt
Total Assets EOY$1,395,375TotalAssetsEOYAmt
Total Assets EOYFMV$2,276,852TotalAssetsEOYFMVAmt
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$1,445,231RetainedEarningBOYAmt
Retained Earning EOY$1,395,375RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,445,231TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,395,375TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,445,231TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,395,375TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,445,231TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$49,856ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$1,395,375SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,395,375TotNetAstOrFundBalancesEOYAmt

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$605,598GrossSalesPriceAmt
Cost Or Other Basis$580,873CostOrOtherBasisAmt
Gain Or Loss$24,725GainOrLossAmt
Gains Minus Excess Or Losses$24,725GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$24,725CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,043InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$1,043SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$1,043TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,800EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$2,800TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Overpayment$1,757OverpaymentAmt
Applied To ES Tax$1,757AppliedToESTaxAmt
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
PATRICIA A ANDERSON
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$2,167,916AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$42,152AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,210,068TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$2,210,068AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$33,151CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,176,917NetVlNoncharitableAssetsAmt
Minimum Investment Return$108,846MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$108,846MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,043TaxBasedOnInvestmentIncomeAmt
Total Tax$1,043TotalTaxAmt
Distributable Before Adj$107,803DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$107,803DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$107,803DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$128,971ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$128,971QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$107,803DistributableAsAdjustedAmt
Undistributed Income PY$112,859UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$128,971QualifyingDistributionsAmt
Applied To Year1$112,859AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$16,112AppliedToCurrentYearAmt
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$91,691UndistributedIncomeCYAmt
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 (36 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
A CONNOLLY LIBERTY UNIVERSITY
PO BOX 10425LYNCHBURHVA24506NONEISCHOLARSHIP GRANT$3,000
A GRAY STANFORD UNIVERSITY
355 GALVEZ STREETSTANFORDCA94305NONEISCHOLARSHIP GRANT$2,500
A HAGER UNC-CHARLOTTE
9201 UNIVERSITY CITY BLVDCHARLOTTENC28223NONEISCHOLARSHIP GRANT$3,000
B ALVAREZ UNC-CHAPEL HILL
450 RIDGEROAD CB 1400CHAPEL HILLNC27599NONEISCHOLARSHIP GRANT$2,500
B TEPPER UNC-CHARLOTTE
9201 UNIVERSITY CITY BLVDCHARLOTTENC28223NONEISCHOLARSHIP GRANT$4,500
C ARNEY NORTH CAROLINA STATE UNIVER
CAMPUS BOX 7302RALEIGHNC27695NONEISCHOLARSHIP GRANT$3,000
C COOK UNIVERSITY OF MIAMI
1320 S DIXIE HWYCORAL GABLESFL33146NONEISCHOLARSHIP GRANT$3,000
C MCCREA JOHNS HOPKINS UNIVERSITY
3400 N CHARLES STREETBALITMOREMD21218NONEISCHOLARSHIP GRANT$1,500
C SHEPLER NORTH CAROLINA STATE UNIV
CAMPUS BOX 7302RALEIGHNC27695NONEISCHOLARSHIP GRANT$1,500
C XIONG UNC-CHAPEL HILL
450 RIDGEROAD CB 1400CHAPEL HILLNC27599NONEISCHOLARSHIP GRANT$3,000
E GRIFFITH CAMPBELL UNIVERSITY
PO BOX 97BUIES CREEKNC27506NONEISCHOLARSHIP GRANT$3,000
E JARRETT UNC-CHAPEL HILL
450 RIDGEROAD CB 1400CHAPEL HILLNC27599NONEISCHOLARSHIP GRANT$1,500
E MAGGIO UNC-WILMINGTON
601 S COLLEGE RDWILMINGTONNC28403NONEISCHOLARSHIP GRANT$3,000
E WILLIAMS UNC-CHAPEL HILL
450 RIDGEROAD CB 1400CHAPEL HILLNC27599NONEISCHOLARSHIP GRANT$4,500
G PROPST WAKE TECHNICAL COMMUNITY C
9101 FAYETTEVILLE RDRALEIGHNC27603NONEISCHOLARSHIP GRANT$1,500
I HEARD LENOIR-RHYNE UNIVERSITY
PO BOX 7246HICKORYNC28603NONEISCHOLARSHIP GRANT$3,750
J LYTTLE UNC-CHARLOTTE
9201 UNIVERSITY CITY BLVDCHARLOTTENC28223NONEISCHOLARSHIP GRANT$2,500
K MOULTON CATAWBA VALLEY COMMUNITY
2550 HIGHWAY 70 SEHICKORYNC28602NONEISCHOLARSHIP GRANT$1,500
L NEGRETE-PEREZ APPALACHIAN STATE U
BOX 32059BOONENC28608NONEISCHOLARSHIP GRANT$3,000
M BUFF NORTH CAROLINA STATE UNIVERS
CAMPUS BOX 7302RALEIGHNC27695NONEISCHOLARSHIP GRANT$4,500
M CONNOR NORTH CAROLINA STATE UNIVE
CAMPUS BOX 7302RALEIGHNC27695NONEISCHOLARSHIP GRANT$1,500
M CULPEPPER DUKE UNIVERSITY
BOX 3715DURHAMNC27708NONEISCHOLARSHIP GRANT$3,000
M FAIRCHILD UNC-CHAPEL HILL
450 RIDGEROAD CB 1400CHAPEL HILLNC27599NONEISCHOLARSHIP GRANT$3,000
M HAMBY UNC-CHAPEL HILL
450 RIDGEROAD CB 1400CHAPEL HILLNC27599NONEISCHOLARSHIP GRANT$3,000
M MIDEA UNC-CHAPEL HILL
450 RIDGEROAD CB 1400CHAPEL HILLNC27599NONEISCHOLARSHIP GRANT$3,000
M PARSONS AMHERST COLLEGE
PO BOX 5000AMHERSTMA01002NONEISCHOLARSHIP GRANT$3,000
N GONZALEZ-GARCIA NORTH CAROLINA ST
CAMPUS BOX 7302RALEIGHNC27695NONEISCHOLARSHIP GRANT$2,500
N BYLES UNC-CHAPEL HILL
450 RIDGEROAD CB 1400CHAPEL HILLNC27599NONEISCHOLARSHIP GRANT$3,000
N HEATH EAST TENNESSEE STATE UNIVER
PO BOX 70731JOHNSON CITYTN37614NONEISCHOLARSHIP GRANT$3,000
P FURR APPALACHIAN STATE UNIVERSITY
BOX 32059BOONENC28608NONEISCHOLARSHIP GRANT$3,000
R HODAKOWSKI UNC-CHAPEL HILL
450 RIDGEROAD CB 1400CHAPEL HILLNC27599NONEISCHOLARSHIP GRANT$3,000
S GUTIERREZ CATAWBA VALLEY COMMUNIT
2550 HIGHWAY 70 SEHICKORYNC28602NONEISCHOLARSHIP GRANT$3,000
S HEATH NORTH CAROLINA STATE UNIVER
CAMPUS BOX 7302RALEIGHNC27695NONEISCHOLARSHIP GRANT$3,000
S ISENHOUR CATAWBA VALLEY COMMUNITY
2550 HIGHWAY 70 SEHICKORYNC28602NONEISCHOLARSHIP GRANT$1,500
S LINGLE APPALACHIAN STATE UNIVERSI
BOX 32059BOONENC28608NONEISCHOLARSHIP GRANT$3,000
W STEWART LENOIR-RHYNE UNIVERSITY
PO BOX 7246HICKORYNC28603NONEISCHOLARSHIP GRANT$3,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$100,750TotalGrantOrContriPdDurYrAmt
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$52,051ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$24,725ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$76,776ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$76,776TotalIncomeProducingActyAmt

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

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 PersonTONI W ALEXANDERContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1333 BRUSH HILL RDAddressLine1Txt
CityMILTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02186ZIPCd
FieldValueIRS element (for citing)
Total Contributions$10,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX COMPLIANCECategoryTxt
Amt$4,750Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$2,375DisbursementsCharitablePrpsAmt

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 (7 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AMERICAN EXPRESS 5.35%$200,000$200,012
CVS HEALTH CORP - 2.625%$49,930$48,512
ICAHN ENTERPRISE 4.750%$52,125$48,250
JPMORGAN CHASE & CO - 5.150%$25,200$25,094
OCCIDENTAL PETRO 6.95%$50,971$50,175
SPRINT CORP - 7.125%$79,074$75,563
U.S. BANCORP - 3.700%$51,187$49,544

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (31 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ABBOTT LABS$10,315$30,870
ACCENTURE PLC$9,756$32,377
ALPHABET INC CL C$17,800$123,615
AMAZON COM$13,848$41,403
ANHEUSER BUSCH INBEV S F$17,577$17,067
APPLE INC$7,801$122,116
BANK OF AMERICA CORP$13,931$28,670
BECTON DICKINSON & CO$45,119$69,583
BERKSHIRE HATHAWAY INC. CLASS B$19,253$144,080
CHARLES SCHWAB CORP$24,655$35,490
CHEVRON CORP$31,566$64,440
COMCAST CORP$40,299$42,084
COSTCO WHOLESALE CORPORATION$19,101$43,942
EXPEDITORS INTL WASH INC$29,236$46,684
JACOBS SOLUTIONS INC$22,943$26,964
KINDER MORGAN INC$12,538$13,776
LOCKHEED MARTIN CORP$25,272$33,626
MCDONALD'S CORP$5,458$28,115
MICROSOFT CORP$7,657$121,271
NESTLE S.A$2,704$18,020
NIKE INC-CL B$12,192$30,513
NOVO NORDISK A S$25,638$74,248
PEPSICO INC$17,232$53,376
SIMON PPTY GROUP INC$36,011$45,396
STARBUCKS CORP COM$27,978$48,720
UNILEVER N V N Y$11,988$15,306
VANGUARD HEALTH CARE ETF$39,693$73,332
VERIZON COMMUNICATIONS$13,787$10,494
VISA INC$19,814$24,568
WALT DISNEY HOLDINGS CO$19,777$29,288
WELLS FARGO PFD NON-CUM - 5.85$13,017$12,470

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$241,486USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$246,352USGovtObligationsEOYFMVAmt
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$1,486$1,486$0
OPERATIONAL EXPENSES$439$0$439

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryADMINISTRATION OF FOUNDATIONCategoryTxt
Amt$25,407Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$25,407DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
990-PF ESTIMATED TAX 2022-2023$2,800$0$0
990-PF TAX 2021-2022$724$0$0
FOREIGN TAXES$276$276$0

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