BETA

STUART AND MARGARET L FORBES FOUNDA: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
STUART AND MARGARET L FORBES FOUNDA (EIN 56-2079528)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-28
IRS object ID
202511489349100316
Schema version
2024v5.0
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)
Return2025-05-28T14:17:23-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN561042836PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GOULD KILLIAN CPA GROUP PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 COXE AVEAddressLine1Txt
CityASHEVILLECityNm
State AbbreviationNCStateAbbreviationCd
ZIP288012354ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN562079528EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1STUART AND MARGARET L FORBES FOUNDABusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlSTUABusinessNameControlTxt
Phone8286062390PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1146AddressLine1Txt
CityCOLUMBUSCityNm
State AbbreviationNCStateAbbreviationCd
ZIP287221146ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES T BOYLE JRPersonNm
Person TitleVICE CHR/PRESPersonTitleTxt
Phone8286062390PhoneNum
Signature2025-05-23SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKIM BAKER-HUDGINS CPAPreparerPersonNm
PTINP00005308PTIN
Phone8282580363PhoneNum
Preparation2025-05-28PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,983,219FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$500ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$2,394InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2,394InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$2,394InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$38,758DividendsRevAndExpnssAmt
Dividends Net Invst Incm$38,758DividendsNetInvstIncmAmt
Dividends Adj Net Incm$38,758DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$82,143NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$758,456GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$82,143CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$126OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$126OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$126OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$123,921TotalRevAndExpnssAmt
Total Net Invst Incm$123,421TotalNetInvstIncmAmt
Total Adj Net Incm$41,278TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$6,300LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$8,015AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$1,243TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$1,817OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$17,375TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$126,711ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$126,711ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$144,086TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$126,711TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$20,165ExcessRevenueOverExpensesAmt
Net Investment Income$123,421NetInvestmentIncomeAmt
Adjusted Net Income$41,278AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$14,742CashBOYAmt
Cash EOY$28,190CashEOYAmt
Cash EOYFMV$28,190CashEOYFMVAmt
Sav And Temp Cash Invst BOY$45,060SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$139,414SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$139,414SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$1,097USGovernmentObligationsBOYAmt
US Government Obligations EOY$969USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$969USGovtObligationsEOYFMVAmt
Corporate Stock BOY$1,246,396CorporateStockBOYAmt
Corporate Stock EOY$1,741,112CorporateStockEOYAmt
Corporate Stock EOYFMV$1,741,112CorporateStockEOYFMVAmt
Corporate Bonds BOY$43,658CorporateBondsBOYAmt
Corporate Bonds EOY$73,534CorporateBondsEOYAmt
Corporate Bonds EOYFMV$73,534CorporateBondsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$2,775LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,775LandBldgEquipAccumDeprecAmt
Total Assets BOY$1,350,953TotalAssetsBOYAmt
Total Assets EOY$1,983,219TotalAssetsEOYAmt
Total Assets EOYFMV$1,983,219TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,350,953NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,983,219NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,350,953TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,983,219TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,350,953TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,983,219TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,350,953TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$20,165ExcessRevenueOverExpensesAmt
Other Increases$652,432OtherIncreasesAmt
Subtotal$1,983,220SubtotalAmt
Other Decreases$1OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,983,219TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (10 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
APPLIED MATERIALS INCP2019-06-042024-04-04$20,517$4,129$16,388$16,388
DUPOINT DE NEMOURS INCP2019-04-032024-04-04$10,073$11,374-$1,301-$1,301
FORD MOTOR COM NEWP2018-01-092024-09-04$10,809$13,462-$2,653-$2,653
GE VERNOVA INCP2014-06-202024-04-02$31$35-$4-$4
GOLDMAN SACHS GRPP2024-05-17$30,000$32,445-$2,445-$2,445
HP INC COMP2013-02-122024-01-08$30,479$8,194$22,285$22,285
MICROSOFTP2013-03-282024-01-08$36,836$2,918$33,918$33,918
JP MORGAN CHASE & COP2005-07-202024-04-04$19,572$3,609$15,963$15,963
GNMA POOL 05/06/09P2009-05-062024-12-31$139$147-$8-$8
25 SCHOOL STREET PROPERTYP2024-07-262024-07-26$600,000$600,000
FieldValueIRS element (for citing)
Capital Gain Net Income$82,143CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,716InvestmentIncomeExciseTaxAmt
Subtotal$1,716SubtotalAmt
Tax Based On Investment Income$1,716TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$750EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$750TotalPaymentsAndCreditsAmt
Tax Due$966TaxDueAmt

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
Org Report Or Register StateNCOrgReportOrRegisterStateCd
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 BooksJAMES T BOYLE JRIndividualWithBooksNm
Phone8286062390PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1146AddressLine1Txt
CityCOLUMBUSCityNm
State AbbreviationNCStateAbbreviationCd
ZIP287221490ZIPCd
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 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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JAMES T BOYLE JR
PO BOX 1146COLUMBUSNC287221490VICE CHR/PRE2.00$0$0$0
SUSAN MCHUGH
PO BOX 1146COLUMBUSNC287221490CHAIR/VICE P2.00$0$0$0
F K MCFARLAND III
PO BOX 1146COLUMBUSNC287221490DIRECT/SEC/T2.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1VARIOUS GRANTS: THESE FUNDS ARE AWARDED TO POLK COUNTY SCHOOLS, GO GLOBAL NC TEACHERS FELLOWSHIP, HOSPICE OF FOOTHILS,TRYON CHILDREN'S THEATER FESTIVAL, AND LANIER LIBRARY.Description1Txt
Expenses1$126,711Expenses1Amt

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$1,595,547AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$217,219AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,812,766TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,812,766AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$27,191CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,785,575NetVlNoncharitableAssetsAmt
Minimum Investment Return$89,279MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$89,279MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,716TaxBasedOnInvestmentIncomeAmt
Total Tax$1,716TotalTaxAmt
Distributable Before Adj$87,563DistributableBeforeAdjAmt
Distributable Before Ded$87,563DistributableBeforeDedAmt
Distributable As Adjusted$87,563DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$126,711ExpensesAndContributionsAmt
Qualifying Distributions$126,711QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$87,563DistributableAsAdjustedAmt
Undistributed Income PY$13,790UndistributedIncomePYAmt
Qualifying Distributions$126,711QualifyingDistributionsAmt
Applied To Year1$13,790AppliedToYear1Amt
Applied To Current Year$87,563AppliedToCurrentYearAmt
Remaining Distri From Corpus$25,358RemainingDistriFromCorpusAmt
Total Corpus$25,358TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$25,358ExcessDistriCyovToNextYrAmt
Excess From Current Year$25,358ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonSTUART AND MARGARET L FORBES FOUNDRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1146AddressLine1Txt
CityCOLUMBUSCityNm
State AbbreviationNCStateAbbreviationCd
ZIP287221490ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8286062390RecipientPhoneNum
Restrictions On AwardsPER THE FOUNDATION'S EXEMPTION APPLICATION: "...OF PARTICULAR INTEREST ARE THOSE PUBLIC CHARITIES FOCUSING THEIR ACTIVITIES ON EDUCATIONAL (INCLUDING PRE-SCHOOL & HEAD START), HEALTH CARE, MEDICAL RESEARCH AND RELIGIOUS NEEDS AND CONCERNS OF THE GENERAL PUBLIC AND, IN PARTICULAR, BUT NOT LIMITED TO, THOSE CITIZENS OF POLK COUNTY, NC AND SPARTANBURG COUNTY, SC." "...TO AWARD COLLEGE SCHOLARSHIPS BASED ON SCHOLASTIC ACHIEVEMENT, NEED, QUALITIES OF LEADERSHIP, CHARACTER AND COMMUNITY RESPONSIBILITY. THESE SCHOLARSHIPS WILL BE AWARDED TO STUDENTS ATTENDING THE POLK COUNTY, NC PUBLIC SHOOL SYSTEMS."RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
POLK COUNTY SCHOOLS
PO BOX 638COLUMBUSNC28722501(C)(3)OPERATIONAL SUPPORT$105,000
LANIER LIBRARY
72 CHESTNUT STTRYONNC28782501(C)(3)OPERATIONAL EXPENSES$1,511
CAROLINA FOOTHILLS FOUNDATION
376 HUDLOW RDFOREST CITYNC28043501(C)(3)OPERATIONAL SUPPORT$200
GO GLOBAL NC - GLOBAL TEACHERS
800 PARK OFFICES DRMORRISVILLENC27560501(C)(3)OPERATIONAL EXPENSES$15,000
TRYON CHILDREN'S THEATER FESTIVAL
34 MELROSE AVETRYONNC28782501(C)(3)OPERATIONAL EXPENSES$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$126,711TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,394ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$38,758ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$126ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$82,143RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$41,278ExclusionAmt
Related Or Exempt Function Incm$82,143RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$123,421TotalIncomeProducingActyAmt

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)
CategoryACCOUNTING FEESCategoryTxt
Amt$8,015Amt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp

FieldValueIRS element (for citing)
PropertyFILE CABINETPropertyDesc
Acquired2013-01-07AcquiredDt
Cost Or Other Basis$2,775CostOrOtherBasisAmt
Prior Year Depreciation$2,775PriorYearDepreciationAmt
Computation Method200DBComputationMethodTxt
Life7.0000LifeRt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (4 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
DUKE ENERGY CORPORATION$20,794$20,794
FIRST CITIZENS BANK & TRUST$30,821$30,821
PROCTOR & GAMBLE CO DEB 5.5%$20,789$20,789
ACCRUED INTEREST$1,130$1,130

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (57 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ADVANSIX INC$456$456
ALTRIA GROUP INC$10,458$10,458
AMAZON COM INC$21,939$21,939
APPLIED MATERIALS INC$48,789$48,789
AT&T CORPORATION$22,770$22,770
BANK OF AMERICA CORP$43,950$43,950
BP PLC ADS$59,120$59,120
BRISTOL MYERS SQUIBB CO$28,280$28,280
CATERPILLAR INC$72,552$72,552
CISCO SYSTEMS INC$17,760$17,760
COCA COLA INC$31,130$31,130
CORNING INC$57,024$57,024
CORTEVA INC$17,088$17,088
COSTCO WHOLESALE CORP NEW$50,395$50,395
DOMINION ENERGY INC$10,772$10,772
DOW INC$8,026$8,026
DUKE ENERGY CORPORATION$21,548$21,548
DUPONT DE NEMOURS INC
ENBRIDGE INC$30,295$30,295
EXXON MOBIL CORP$53,785$53,785
FORD MOTOR CO NEW
GE AEROSPACE NEW$22,851$22,851
GE HEALTHCARE TECHNOLOGIES$3,518$3,518
GENERAL ELECTRIC CO$11,184$11,184
GENERAL MILLS INC$12,754$12,754
GLAXOSMITHKLINE PLC ADR$13,528$13,528
GOLDMAN SACHS GROUP
HALEON PLC ADR$4,770$4,770
HEWLETT PACKARD$21,350$21,350
HONEYWELL INTERNATIONAL INC$45,178$45,178
HP INC COM
INGLES MARKETS A$19,332$19,332
INTEL CORPORATION$10,025$10,025
JOHNSON & JOHNSON$57,848$57,848
JP MORGAN CHASE & COMPANY$23,971$23,971
KKR & CO INC CL A$59,164$59,164
LUMBER LIQUIDATORS HLDGS INC$1$1
MERCK & CO$49,740$49,740
MICROSOFT CORP$126,450$126,450
MODERNA INC$16,632$16,632
NORDSTROM INC$72,450$72,450
NOVO NORDISK A/S ADR$34,408$34,408
NVIDIA CORPORATION$80,574$80,574
OCULAR THERAPEUTIX INC$8,540$8,540
ORGANON & CO$896$896
PALANTIR TECHNOLOGIES INC$75,630$75,630
PFIZER INC$53,060$53,060
PROCTOR & GAMBLE CO$67,060$67,060
RTX CORPORATION$23,144$23,144
SCHLUMBERGER LTD$15,336$15,336
SYNCHRONY FINANCIAL$26,000$26,000
VIATRIS INC$18,675$18,675
WABTEC CORP$948$948
WALMART$90,350$90,350
WALT DISNEY CO HLDG CO$44,540$44,540
WARNER BROS DISCOVRY$2,548$2,548
WEYERHAEUSER CO$22,520$22,520

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$969USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$969USGovtObligationsEOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemFILE CABINETCategoryOrItemTxt
Cost Or Other Basis$2,775CostOrOtherBasisAmt
Accumulated Depreciation$2,775AccumulatedDepreciationAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryINDIRECT LEGAL FEESCategoryTxt
Legal Fees$6,300LegalFeesAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescROUNDINGDesc
Amt$1Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
INVESTMENT EXPENSES$34
CONTRACT LABOR$250
OFFICE SUPPLIES$223
INSURANCE-LIABILITY, D AND O$1,310

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescRETURN OF PRIN GNMA FUNDDesc
Revenue And Expenses Per Books$126RevenueAndExpensesPerBooksAmt
Net Investment Income$126NetInvestmentIncomeAmt
Adjusted Net Income$126AdjustedNetIncomeAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDescAmtAmt
UNREALIZED GAINS$90,327
REVERSION OF PROPERTY$562,105

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
FEDERAL TAX PAYMENTS$243
LICENSES & PERMITS$1,000

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