RHI LEGACY FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- RHI LEGACY FOUNDATION INC (EIN 56-0619367)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-08
- IRS object ID
- 202223129349100732
- Schema version
- 2021v4.0
- 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
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- Investments Corp Stock Schedule
- Land Etc Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Sales Of Inventory List
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-08T16:17:12-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 383828234 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CARTER P C | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 301 COLLEGE ST STE 320 | AddressLine1Txt |
| City | ASHEVILLE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 288012449 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560619367 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RHI LEGACY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RHIL | BusinessNameControlTxt |
| Phone | 8282024629 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 352 | AddressLine1Txt |
| City | RUTHERFORDTON | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28139 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TERRY W HINES | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 8283058633 | PhoneNum |
| Signature | 2022-11-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | TERRY | PersonFirstNm |
| Person Last | HINES | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RUFUS W DOLLAR | PreparerPersonNm |
| PTIN | P01293995 | PTIN |
| Phone | 8282599900 | PhoneNum |
| Preparation | 2022-11-08 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return Former Pub Chrty | Yes (X) | InitialReturnFormerPubChrtyInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $43,971,783 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $13,090 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $62,018 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $62,018 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,185,218 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,185,218 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $743,350 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,547,249 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $758,684 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $5,573 | GrossSalesLessRetAndAllwncAmt |
| Gross Profit Rev And Expnss | $5,573 | GrossProfitRevAndExpnssAmt |
| Gross Profit Adj Net Incm | $5,573 | GrossProfitAdjNetIncmAmt |
| Other Income Rev And Expnss | $1,360 | OtherIncomeRevAndExpnssAmt |
| Other Income Adj Net Incm | $1,360 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $2,010,609 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,005,920 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $6,933 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $181,564 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $28,945 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $152,619 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $43,616 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $43,616 | PensionEmplBnftDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $238,342 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $225,342 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $13,000 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $2,566 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $2,566 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $10,436 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $10,436 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $259 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $259 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $1,356 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $1,356 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $61,689 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $759 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $4,497 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $56,433 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $539,828 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $255,046 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $4,497 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $280,285 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $982,522 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $982,522 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,522,350 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $255,046 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $4,497 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,262,807 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $488,259 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,750,874 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $2,436 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $403,843 | CashBOYAmt |
| Cash EOY | $429,796 | CashEOYAmt |
| Cash EOYFMV | $429,796 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,880,877 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,167,854 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,167,854 | SavAndTempCashInvstEOYFMVAmt |
| Pledges Rcvbl | $11,850 | PledgesRcvblAmt |
| Pledges Rcvbl EOY | $11,850 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $11,850 | PledgesRcvblEOYFMVAmt |
| Inventories BOY | $14,874 | InventoriesBOYAmt |
| Corporate Stock BOY | $38,636,876 | CorporateStockBOYAmt |
| Corporate Stock EOY | $40,958,283 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $40,958,283 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $466,006 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $62,006 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $17,222 | LandBOYAmt |
| Land EOY | $404,000 | LandEOYAmt |
| Land EOYFMV | $404,000 | LandEOYFMVAmt |
| Total Assets BOY | $40,953,692 | TotalAssetsBOYAmt |
| Total Assets EOY | $43,971,783 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $43,971,783 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $2,478 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $16,770 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $2,478 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $16,770 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $40,951,214 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $43,683,359 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets EOY | $271,654 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $40,951,214 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $43,955,013 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $40,953,692 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $43,971,783 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $40,951,214 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $488,259 | ExcessRevenueOverExpensesAmt |
| Other Increases | $2,515,540 | OtherIncreasesAmt |
| Subtotal | $43,955,013 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $43,955,013 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | WF VARIOUS LTCG SALES | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Gross Sales Price | $6,541,926 | GrossSalesPriceAmt |
| Cost Or Other Basis | $5,783,242 | CostOrOtherBasisAmt |
| Gain Or Loss | $758,684 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $758,684 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $758,684 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $24,337 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $24,337 | SubtotalAmt |
| Tax Based On Investment Income | $24,337 | TaxBasedOnInvestmentIncomeAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $564 | EsPenaltyAmt |
| Tax Due | $24,901 | 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 | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | 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 | WWW.RHILEGACYFOUNDATION.COM | WebsiteAddressTxt |
| Individual With Books | TERRY W HINES | IndividualWithBooksNm |
| Phone | 8282024629 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 352 | AddressLine1Txt |
| City | RUTHERFORDTON | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28139 | 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 (16 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 |
|---|---|---|---|---|---|---|---|---|
| BETH MILLER | ||||||||
| PO BOX 352 | RUTHERFORDTON | NC | 28139 | CHAIR | 1.00 | $0 | $0 | $0 |
| JOHN CONDREY | ||||||||
| PO BOX 352 | RUTHERFORDTON | NC | 28139 | VICE CHAIR | 1.00 | $0 | $0 | $0 |
| KERRY GILES | ||||||||
| PO BOX 352 | RUTHERFORDTON | NC | 28139 | SECRETARY/TR | 1.00 | $0 | $0 | $0 |
| MAGGIE BELL | ||||||||
| PO BOX 352 | RUTHERFORDTON | NC | 28139 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| JUDY BOND | ||||||||
| PO BOX 352 | RUTHERFORDTON | NC | 28139 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| MATT BRIGHT | ||||||||
| PO BOX 352 | RUTHERFORDTON | NC | 28139 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| JIMMY DANCY | ||||||||
| PO BOX 352 | RUTHERFORDTON | NC | 28139 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| PAUL DECK | ||||||||
| PO BOX 352 | RUTHERFORDTON | NC | 28139 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| DAVID EAKER | ||||||||
| PO BOX 352 | RUTHERFORDTON | NC | 28139 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| JACQUELINE HAMPTON | ||||||||
| PO BOX 352 | RUTHERFORDTON | NC | 28139 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| DAN HEGEMAN | ||||||||
| PO BOX 352 | RUTHERFORDTON | NC | 28139 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| SUMY JOSEPH | ||||||||
| PO BOX 352 | RUTHERFORDTON | NC | 28139 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| JOAN KING | ||||||||
| PO BOX 352 | RUTHERFORDTON | NC | 28139 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| SHIRLEY KOONE | ||||||||
| PO BOX 352 | RUTHERFORDTON | NC | 28139 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| TERRY W HINES | ||||||||
| PO BOX 352 | RUTHERFORDTON | NC | 28139 | EXECUTIVE DI | 40.00 | $115,782 | $0 | $0 |
| JILL MIRACLE | ||||||||
| PO BOX 352 | RUTHERFORDTON | NC | 28139 | CMNTY IMPACT | 40.00 | $65,782 | $29,726 | $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 | THE FOUNDATION MAKES CHARITABLE CONTRIBUTIONS AND GRANTS TO VARIOUS NONPROFITS AND GOVERNMENT SERVICE ORGANIZATIONS IN RUTHERFORD COUNTY, NORTH CAROLINA. | Description1Txt |
| Expenses1 | $1,262,807 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SOCCER FACILITY LAND, 520 PINEY RIDGE RD, FOREST CITY NC APPOX 60 ACRES PURCHASED IN 2021 | Description1Txt |
| Expenses1 | $253,887 | Expenses1Amt |
| Description2 | SOCCER FACILITY - CONSTRUCTION IN PROCESS | Description2Txt |
| Expenses2 | $121,500 | Expenses2Amt |
| Total | $375,387 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $39,772,501 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,441,185 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $42,213,686 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $42,213,686 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $633,205 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $41,580,481 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,079,024 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,079,024 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $24,337 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $24,337 | TotalTaxAmt |
| Distributable Before Adj | $2,054,687 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $2,054,687 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,054,687 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,262,807 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $375,387 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,638,194 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,054,687 | DistributableAsAdjustedAmt |
| Qualifying Distributions | $1,638,194 | QualifyingDistributionsAmt |
| Applied To Current Year | $1,638,194 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $416,493 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | TERRY HINES | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 352 | AddressLine1Txt |
| City | RUTHERFORDTON | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28139 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 8282024629 | RecipientPhoneNum |
| Form And Info And Materials | WWW.WELLSFARGO.COM/PRIVATE-FOUNDATIONS/RHI-LEGACY- FOUNDATION/ THE RHI LEGACY FOUNDATION, INC. SUPPORTS NON-PROFIT 501 (C)(3) ORGANIZATIONS WHOSE PROJECTS SERVE RESIDENTS IN RUTHERFORD COUNTY, NORTH CAROLINA, WITH EMPHASIS ON THE FOLLOWING: CHRONIC DISEASE - PROGRAMS AND SERVICES FOR CANCER, ASTHMA, AND DIABETES WHICH PROVIDE THE FOLLOWING: - HEALTH EDUCATION OR SCREENINGS WITH AN EMPHASIS ON DISEASE PREVENTION HEALTHY EATING - PROGRAMS AND SERVICES WHICH ADDRESS: - ACCESS TO SUFFICIENT AND HEALTHY FOOD FOR ALL SEGMENTS OF THE COMMUNITY, EMPHASIZING NUTRITION AND THE IMPACT OF HEALTHY EATING ON DISEASE PREVENTION - EDUCATION ON THE IMPORTANCE OF NUTRITION AND HEALTHY FOOD PREPARATION AND THEIR IMPACT ON DISEASE PREVENTION ACTIVE LIVING - PROGRAMS AND SERVICES WHICH IMPROVE: - PHYSICAL ACTIVITY (EXAMPLES: WALKING TRAILS, PARKS AND RECREATION) - EDUCATION ON HEALTH IMPROVEMENTS AND DISEASE PREVENTION RESULTING FROM AN ACTIVE LIFESTYLE REQUIREMENTS - TO BE ELIGIBLE, ORGANIZATIONS MUST QUA | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | JULY 31 | SubmissionDeadlinesTxt |
| Restrictions On Awards | GEOGRAPHIC LIMITATIONS: RUTHERFORD COUNTY, NORTH CAROLINA PROGRAM LIMITATIONS: GRANTS ARE LIMITED TO PROGRAMS AND PROJECTS THAT IMPROVE HEALTH AND WELLNESS IN RUTHERFORD COUNTY, NC. GRANTS IN THE CATEGORY OF ENVIRONMENT/ANIMALS WILL BE LIMITED TO PROGRAMS THAT PROMOTE ACTIVE LIVING. THE FOUNDATION TYPICALLY DOES NOT FUND REQUESTS FOR: - UNRESTRICTED ENDOWMENT FUNDS - DEBT RETIREMENT - GRANTS TO INDIVIDUALS | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (32 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BASICS CHRISTIAN MINISTRIES INC | |||||||
| PO BOX 207 | CLIFFSIDE | NC | 28024 | NONE | PC | HEALTHY EATING | $35,000 |
| BLUE RIDGE HOPE | |||||||
| 131 WEST 2ND ST | RUTHERFORDTON | NC | 28139 | NONE | PC | CHRONIC DISEASE | $35,000 |
| CAROLINA MOUNTAIN LAND CONSERVANCY | |||||||
| 847 CASE ST | HENDERSONVILLE | NC | 28792 | NONE | PC | ACTIVE LIVING | $46,400 |
| CHASE CORNER UNITED METHODIST MINIS | |||||||
| PO BOX 327 | HENRIETTA | NC | 28076 | NONE | PC | CHRONIC DISEASE | $20,000 |
| CHASE CORNER UNITED METHODIST MINIS | |||||||
| PO BOX 327 | HENRIETTA | NC | 28076 | NONE | PC | HEALTHY EATING | $33,226 |
| COUNTY OF RUTHERFORD FINANCE OFFICE | |||||||
| 294 FAIRGROUND RD | SPINDALE | NC | 28160 | NONE | GOV | CHRONIC DISEASE | $25,000 |
| FAMILY RESOURCES OF RUTHERFORD CO | |||||||
| PO BOX 1619 | FOREST CITY | NC | 28043 | NONE | PC | CHRONIC DISEASE | $25,000 |
| FRIENDS OF MOUNTAINS BRANCH LIBRARY | |||||||
| 150 BILLS CREEK RD | LAKE LURE | NC | 28746 | NONE | PC | CHRONIC DISEASE | $50,000 |
| GRAHAMTOWN TEAM | |||||||
| PO BOX 1941 | FOREST CITY | NC | 28043 | NONE | PC | HEALTHY EATING | $9,500 |
| GREEN RIVER BAPTIST ASSOCIATION | |||||||
| 668 NORTH WASHINGTON ST | FOREST CITY | NC | 28043 | NONE | PC | HEALTHY EATING | $6,000 |
| ISOTHERMAL COMMUNITY COLLEGE | |||||||
| 286 ICC LOOP RD | SPINDALE | NC | 28160 | NONE | GOV | CHRONIC DISEASE | $18,500 |
| ISOTHERMAL PLANNING DEVELOPMENT COR | |||||||
| PO BOX 841 | RUTHERFORDTON | NC | 28139 | NONE | GOV | ACTIVE LIVING | $30,000 |
| LAKE LURE CLASSICAL ACADEMY | |||||||
| PO BOX 6 | LAKE LURE | NC | 28746 | NONE | PC | HEALTHY EATING | $5,000 |
| NC COOPERATIVE EXTENSION RUTHERFOR | |||||||
| 193 CALLAHAN-KOON RD | SPINDALE | NC | 28160 | NONE | GOV | HEALTHY EATING | $32,569 |
| NEW BEGINNINGS SOUP KITCHEN | |||||||
| 1086 CAMP CREEK RD | UNION MILLS | NC | 28167 | NONE | PC | HEALTHY EATING | $10,000 |
| PISGAH LEGAL SERVICES | |||||||
| PO BOX 2276 | ASHEVILLE | NC | 28802 | NONE | PC | CHRONIC DISEASE | $30,000 |
| RUTHERFORD BUILDING AGRICULTURAL RE | |||||||
| PO BOX 464 | FOREST CITY | NC | 28043 | NONE | PC | HEALTHY EATING | $25,000 |
| RUTHERFORD COUNTY COMMUNITY HEALTH | |||||||
| RUTHERFORDHELP PROJECT | SPINDALE | NC | 28160 | NONE | GOV | HEALTHY EATING | $40,787 |
| RUTHERFORD CO ECONOMIC DEVELOPMENT | |||||||
| 142 E MAIN ST STE 100 | FOREST CITY | NC | 28043 | NONE | PC | GENERAL DONATION | $15,000 |
| RUTHERFORD CO HEALTH DEPARTMENT | |||||||
| 221 CALLAHAN KOON RD | SPINDALE | NC | 28160 | NONE | GOV | CHRONIC DISEASE | $5,000 |
| RUTHERFORD COUNTY SCHOOLS | |||||||
| 100 FORREST HUNT DR | FOREST CITY | NC | 28043 | NONE | GOV | ACTIVE LIVING | $10,000 |
| RUTHERFORD CO SCHOOLS EDUC FND | |||||||
| 382 W MAIN ST | FOREST CITY | NC | 28043 | NONE | PC | HEALTHY EATING | $95,000 |
| RUTHERFORD COUNTY SENIOR CENTER | |||||||
| 193 CALLAHAN-KOON RD STE | SPINDALE | NC | 28160 | NONE | PC | HEALTHY EATING | $50,000 |
| RUTHERFORD HOUSING PARTNERSHIP INC | |||||||
| PO BOX 1525 | RUTHERFORDTON | NC | 28139 | NONE | PC | CHRONIC DISEASE | $42,000 |
| RUTHERFORD OUTDOOR COALITION | |||||||
| PO BOX 1349 | RUTHERFORDTON | NC | 28139 | NONE | PC | ACTIVE LIVING | $24,000 |
| SAFE KIDS OF RUTHERFORD COUNTY INC | |||||||
| PO BOX 186 | SPINDALE | NC | 28160 | NONE | PC | ACTIVE LIVING | $9,000 |
| SOUTH MOUNTAIN CHRISTIAN CAMP | |||||||
| PO BOX 9 | BOSTIC | NC | 28018 | NONE | PC | ACTIVE LIVING | $17,600 |
| TOWN OF RUTHERFORDTON | |||||||
| 129 N MAIN ST | RUTHERFORDTON | NC | 28139 | NONE | GOV | ACTIVE LIVING | $125,000 |
| TOWN OF RUTHERFORDTON | |||||||
| 129 NORTH MAIN ST | RUTHERFORDTON | NC | 28139 | NONE | GOV | HEALTHY EATING | $30,000 |
| TRINITY SCHOOL INC | |||||||
| 299 DETER ST | RUTHERFORDTON | NC | 28139 | NONE | PC | ACTIVE LIVING | $8,000 |
| WASHBURN COMMUNITY OUTREACH CENTER | |||||||
| 2934 PINEY MOUNTAIN CHURC | BOSTIC | NC | 28018 | NONE | PC | HEALTHY EATING | $30,100 |
| YOKEFELLOW SERVICE CENTER | |||||||
| PO BOX 351 | SPINDALE | NC | 28160 | NONE | PC | CHRONIC DISEASE | $20,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $957,682 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $62,018 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,185,218 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 453220 | BusinessCd |
| Unrelated Business Taxbl Incm | -$15,334 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $758,684 | ExclusionAmt |
Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 453220 | BusinessCd |
| Unrelated Business Taxbl Incm | $5,573 | UnrelatedBusinessTaxblIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| SETTLEMENTS | 1 | $954 |
| MISCELLANEOUS INCOME | 1 | $406 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$9,761 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,007,280 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,997,519 | TotalIncomeProducingActyAmt |
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 |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (8 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | LifeLifeRt |
|---|---|---|---|
| EQUIPMENT - GIFT SHOP | 2014-06-01 | $20,657 | 10.0000 |
| COMPUTER RELATED EQUIPMENT | 2015-01-01 | ||
| MAJOR MOVEABLE EQUIPMENT | 2014-06-01 | ||
| LAND | 2014-06-01 | ||
| COMPUTER RELATED EQUIPMENT | 2015-01-01 | ||
| PROPERTY AND EQUIPMENT | 2015-01-01 | ||
| COMPUTER | 2018-09-20 | ||
| LAND - SOCCER COMPLEX | 2021-01-21 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Asset | EQUIPMENT - GIFT SHOP | AssetDesc |
| Acquired | 2014-06 | AcquiredDt |
| How Acquired | PURCHASE | HowAcquiredTxt |
| Sold | 2021-07 | SoldDt |
| Gross Sales Price | $5,323 | GrossSalesPriceAmt |
| Basis | $20,657 | BasisAmt |
| Total Net | -$15,334 | TotalNetAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| WF CONSOL ACCTS | $40,713,961 | $40,713,961 |
| TRYON SCHOLARSHIP ENDOW | $244,322 | $244,322 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| EQUIPMENT | $69,406 | $62,006 | $7,400 | $7,400 |
| CONSTRUCTION IN PROGRESS | $121,500 | $121,500 | $121,500 | |
| $275,100 | $275,100 | $275,100 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (13 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|
| EXPENSES | ||||
| COMMUNITY RELATIONS | $2,495 | $2,495 | ||
| BANK FEES | $759 | $759 | ||
| DUES & SUBSCRIPTIONS | $4,489 | $4,489 | ||
| INSURANCE | $4,600 | $4,600 | ||
| MEALS & ENTERTAINMENT | $1,310 | $1,310 | ||
| PROGRAM FEES | $24,178 | $24,178 | ||
| REPAIRS & MAINTENANCE | $296 | $296 | ||
| SOFTWARE & SUPPORT | $14,058 | $14,058 | ||
| TELEPHONE & INTERNET | $2,867 | $2,867 | ||
| UTLIITIES | $2,031 | $2,031 | ||
| MISCELLANEOUS EXPENSE | $109 | $109 | ||
| INVESTMENT DEPRECIATION | $4,497 | $4,497 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|
| SETTLEMENTS | $954 | $954 |
| MISCELLANEOUS INCOME | $406 | $406 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (3 entries)
| DescDesc | AmtAmt |
|---|---|
| P'SHIP RETURN OF CAPITAL | $89,240 |
| UNREALIZED GAINS | $2,402,444 |
| PRIOR PERIOD ADJUSTMENT | $23,856 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT | $225,342 | $225,342 | |
| PROFESSIONAL FEES | $13,000 | $13,000 |
Sales Of Inventory List SalesOfInventoryList
Inventory Sale InventorySaleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | GIFT SHOP | CategoryTxt |
| Gross Sales | $5,573 | GrossSalesAmt |
| Net | $5,573 | NetAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PROPERTY TAXES | CategoryTxt |
| Amt | $2,566 | Amt |
| Disbursements Charitable Prps | $2,566 | DisbursementsCharitablePrpsAmt |
Comments