TOM AND BRENDA NASH FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
TOM AND BRENDA NASH FOUNDATION INC (EIN 56-1923903)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-14
IRS object ID
202101349349100945
Schema version
2020v4.1
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)
Return2021-05-14T10:31:03-04:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN825224924PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LNK Accounting Solutions LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11003 W Sumter StAddressLine1Txt
CityShelbyCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28150ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN561923903EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Tom and Brenda Nash Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTOMABusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 2870AddressLine1Txt
CityAshevilleCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28802ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonThomas E Nash IIIPersonNm
Person TitleSecretaryTreasPersonTitleTxt
Phone8282151228PhoneNum
Signature2021-05-13SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstThomasPersonFirstNm
Person LastNashPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonElizabeth KimPreparerPersonNm
PTINP02263428PTIN
Phone8284488032PhoneNum
Preparation2021-05-14PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
OOB Security Verification00OOBSecurityVerificationCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,224,873FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$457,166ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$29InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$29InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$29InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$14,177DividendsRevAndExpnssAmt
Dividends Net Invst Incm$14,177DividendsNetInvstIncmAmt
Dividends Adj Net Incm$14,177DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$84,627NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$260,333GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$84,627CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$555,999TotalRevAndExpnssAmt
Total Net Invst Incm$98,833TotalNetInvstIncmAmt
Total Adj Net Incm$14,206TotalAdjNetIncmAmt
Taxes Rev And Expnss$1,112TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,112TaxesNetInvstIncmAmt
Taxes Adj Net Incm$1,112TaxesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$1,112TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,112TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$1,112TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,085,941ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,085,941ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,087,053TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,112TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$1,112TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$1,085,941TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$531,054ExcessRevenueOverExpensesAmt
Net Investment Income$97,721NetInvestmentIncomeAmt
Adjusted Net Income$13,094AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$376,829CashBOYAmt
Cash EOY$21,480CashEOYAmt
Cash EOYFMV$21,480CashEOYFMVAmt
Other Investments BOY$705,999OtherInvestmentsBOYAmt
Other Investments EOY$530,294OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,203,393OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,082,828TotalAssetsBOYAmt
Total Assets EOY$551,774TotalAssetsEOYAmt
Total Assets EOYFMV$1,224,873TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,082,828NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$551,774NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,082,828TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$551,774TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,082,828TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$551,774TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,082,828TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$531,054ExcessRevenueOverExpensesAmt
Subtotal$551,774SubtotalAmt
Tot Net Ast Or Fund Balances EOY$551,774TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Nike Inc stockP2016-12-222020-03-18$60,374$53,172$7,202$7,202
Nike Inc stockP2005-08-082020-03-18$45,156$7,553$37,603$37,603
Coca-Cola Company stockP2010-12-312020-03-18$154,802$114,980$39,822$39,822
FieldValueIRS element (for citing)
Capital Gain Net Income$84,627CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,358InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$1,358SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$1,358TaxBasedOnInvestmentIncomeAmt
Tax Due$1,358TaxDueAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNCOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Individual With BooksThomas E Nash IIIIndividualWithBooksNm
Phone8282151228PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 2870AddressLine1Txt
CityAshevilleCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28802ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Thomas E Nash Jr
PO Box 2870AshevilleNC28802Chairman1.00$0$0$0
Brenda G Nash
PO Box 2870AshevilleNC28802Vice Chairperson1.00$0$0$0
Thomas E Nash III
PO Box 2870AshevilleNC28802SecretaryTreasurer1.00$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

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,081,871AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$49,894AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,131,765TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$1,131,765AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$16,976CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,114,789NetVlNoncharitableAssetsAmt
Minimum Investment Return$55,739MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$55,739MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,358TaxBasedOnInvestmentIncomeAmt
Total Tax$1,358TotalTaxAmt
Distributable Before Adj$54,381DistributableBeforeAdjAmt
Distributable Before Ded$54,381DistributableBeforeDedAmt
Distributable As Adjusted$54,381DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,085,941ExpensesAndContributionsAmt
Qualifying Distributions$1,085,941QualifyingDistributionsAmt
Adjusted Qualifying Distri$1,085,941AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$54,381DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,346,094ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$298,560ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr1$359,203ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$2,003,857TotalExcessDistributionCyovAmt
Qualifying Distributions$1,085,941QualifyingDistributionsAmt
Applied To Current Year$54,381AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,031,560RemainingDistriFromCorpusAmt
Total Corpus$3,035,417TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,346,094ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,689,323ExcessDistriCyovToNextYrAmt
Excess From Year4$298,560ExcessFromYear4Amt
Excess From Year1$359,203ExcessFromYear1Amt
Excess From Current Year$1,031,560ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerThomas E Nash JrContributingManagerNm
Contributing ManagerBrenda G NashContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonMrs Brenda G NashRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 2870AddressLine1Txt
CityAshevilleCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28802ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8286842747RecipientPhoneNum
Recipient Email Addressthomas@nashinvestments.comRecipientEmailAddressTxt
Form And Info And MaterialsAll current information on needs and programsFormAndInfoAndMaterialsTxt
Submission DeadlinesNASubmissionDeadlinesTxt
Restrictions On AwardsN/ARestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Asheville Christian Academy
74 Riverwood RdSwannanoaNC28778Capital campaign support$1,035,941
Arden First Baptist Church
3839 Sweeten Creek RdArdenNC28704General support$50,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,085,941TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$29ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$14,177ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$84,627ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$98,833ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$98,833TotalIncomeProducingActyAmt

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

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 PersonBrenda G NashContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line15 Arboretum RdAddressLine1Txt
CityAshevilleCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28803ZIPCd
FieldValueIRS element (for citing)
Total Contributions$457,166TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Cash Deemed Charitable Expln Stmt CashDeemedCharitableExplnStmt

FieldValueIRS element (for citing)
Short Explanation1.5% of total average assetsShortExplanationTxt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (3 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtSales ExpenseSalesExpenseAmtTotal NetTotalNetAmtAccumulated DepreciationAccumulatedDepreciationAmt
Nike Inc2016-12Broker2020-03$60,374$53,172$0$7,202$0
Nike Inc2015-08Broker2020-03$45,156$7,553$0$37,603$0
Coca-Cola Company2010-12Broker2020-03$154,802$114,980$0$39,822$0

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (7 entries)

Category Or ItemCategoryOrItemTxtBook ValueBookValueAmtEOYFMVEOYFMVAmt
Alphabet Inc.$69,615$131,391
Amazon Inc.$69,399$227,985
Apple Inc.$69,201$225,573
Berkshire Hathaway Inc.$82,281$269,665
Coca-Cola Company$218,353$348,779
Nike Inc.$0$0
Carryover basis KO and MO$21,445$0

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonBrenda G NashPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15 Arboretum RdAddressLine1Txt
CityAshevilleCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28803ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTax Payment - US TreasuryCategoryTxt
Amt$1,112Amt
Net Investment Income$1,112NetInvestmentIncomeAmt
Adjusted Net Income$1,112AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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