CS FOUNDATION INC: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- CS FOUNDATION INC (EIN 20-5862864)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-07-30
- IRS object ID
- 202102119349100210
- 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
- Form 990-PF
- Schedule B
- Investments Land Schedule2
- Investments Other Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Notes Loans Rcvbl Long Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-07-30T09:08:07-07:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREGORY N GALLAGHER CPA PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8145 TYNECASTLE DR | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30350 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 205862864 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CS Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CSFO | BusinessNameControlTxt |
| Phone | 7704178800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 Northridge Road | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30350 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | David C Simpson | PersonNm |
| Person Title | Trustee | PersonTitleTxt |
| Phone | 7704178800 | PhoneNum |
| Signature | 2021-07-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | David | PersonFirstNm |
| Person Last | Simpson | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Gregory N Gallagher | PreparerPersonNm |
| PTIN | P01521283 | PTIN |
| Phone | 7705519600 | PhoneNum |
| Preparation | 2021-07-30 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $41,772,056 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $4,275,487 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $222,875 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $222,875 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $491,687 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $491,687 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $500,212 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $500,212 | GrossRentsNetInvstIncmAmt |
| Cap Gain Net Incm Net Invst Incm | $215,409 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $41,312 | NetSTCapitalGainAdjNetIncmAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $145,133 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $145,133 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $5,635,394 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,575,316 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $41,312 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $0 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $0 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $4,725 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $4,725 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $26,059 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $26,059 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $43,215 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $43,215 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $73,999 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $73,999 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,981,060 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,055,059 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $73,999 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $0 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,580,335 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,501,317 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $41,312 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $332,364 | CashBOYAmt |
| Cash EOY | $66,962 | CashEOYAmt |
| Cash EOYFMV | $66,962 | CashEOYFMVAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Other Nts And Loans Rcvbl | $3,986,681 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $5,629,627 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $3,986,681 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $3,986,681 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Invst Land Cost Or Other Basis | $5,450,261 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $0 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $5,450,261 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $5,450,261 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $5,450,261 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $21,035,393 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $29,984,132 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $32,268,152 | OtherInvestmentsEOYFMVAmt |
| Land EOY | $0 | LandEOYAmt |
| Other Assets BOY | $3,460,056 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $35,907,701 | TotalAssetsBOYAmt |
| Total Assets EOY | $39,488,036 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $41,772,056 | TotalAssetsEOYFMVAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $35,907,701 | CapitalStockBOYAmt |
| Capital Stock EOY | $39,488,036 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $35,907,701 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $39,488,036 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $35,907,701 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $39,488,036 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $35,907,701 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,580,335 | ExcessRevenueOverExpensesAmt |
| Subtotal | $39,488,036 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $39,488,036 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | DepreciationDepreciationAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | FMV As Of123169FMVAsOf123169Amt | Adjusted Basis As Of123169AdjustedBasisAsOf123169Amt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Vanguard Account 59346248-Short Term | P | 2020-12-31 | 2020-12-31 | $3,087,364 | $0 | $3,046,052 | $41,312 | $0 | $0 | $0 | $41,312 |
| Vanguard Account 59346248-Long Term | P | 2016-12-31 | 2020-12-31 | $7,796,528 | $0 | $7,633,553 | $162,975 | $0 | $0 | $0 | $162,975 |
| Vanguard Account 59346248-Capital Gain Distributions | P | 2016-12-31 | 2020-12-31 | $13,795 | $0 | $0 | $13,795 | $0 | $0 | $0 | $13,795 |
| Energy Transfer LP Net Section 1231 Gain | P | 2018-04-01 | 2020-12-31 | $15 | $0 | $0 | $15 | $0 | $0 | $0 | $15 |
| Magellan Midstream Partners LP Net Section 1231 Loss | P | 2018-04-01 | 2020-12-31 | $0 | $0 | $2,688 | -$2,688 | $0 | $0 | $0 | -$2,688 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $215,409 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $41,312 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $20,868 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $20,868 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $20,868 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $44,000 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $44,000 | TotalPaymentsAndCreditsAmt |
| Original Return Overpayment | -$44,000 | OriginalReturnOverpaymentAmt |
| Overpayment | $23,132 | OverpaymentAmt |
| Applied To ES Tax | $23,132 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| 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 | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | David Simpson | IndividualWithBooksNm |
| Phone | 7704178800 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 Northridge Road Suite 255 | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30350 | 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 |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | Yes (true) | UndistrIncmSect4942a2NotAppInd |
| 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 |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 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 |
|---|---|---|---|---|---|---|---|---|
| David Simpson | ||||||||
| 400 Northridge Road Suite 255 | Atlanta | GA | 30350 | President, Director | 0.00 | $0 | $0 | $0 |
| Larry Ray Eskew | ||||||||
| 4180 Old Freewill Road NW | Cleveland | TN | 37312 | Secretary, Director | 0.00 | $0 | $0 | $0 |
| Larry Ray Eskew | ||||||||
| 4180 Old Freewill Road NW | Cleveland | TN | 37312 | Treasurer, Director | 0.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | Contribution to University of TN-John Tummins Scholarship | Description1Txt |
| Expenses1 | $400,000 | Expenses1Amt |
| Description2 | Contribution to Emory Winship Cancer Institute | Description2Txt |
| Expenses2 | $250,000 | Expenses2Amt |
| Description3 | Contribution to Salvation Army | Description3Txt |
| Expenses3 | $250,000 | Expenses3Amt |
| Description4 | Contribution to University of Tennessee Carlos and Winnie Simpson Scholarship | Description4Txt |
| Expenses4 | $400,000 | Expenses4Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $0 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $0 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $0 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $0 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $0 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $0 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $0 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $20,868 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $20,868 | TotalTaxAmt |
| Distributable Before Adj | $0 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $0 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $0 | ExpensesAndContributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $0 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $0 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $151,326 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $337,050 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $793,432 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,281,808 | TotalExcessDistributionCyovAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,281,808 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,281,808 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $151,326 | ExcessFromYear4Amt |
| Excess From Year3 | $337,050 | ExcessFromYear3Amt |
| Excess From Year2 | $793,432 | ExcessFromYear2Amt |
| Excess From Year1 | $0 | ExcessFromYear1Amt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | None | ContributingManagerNm |
| Shareholder Manager | None | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (31 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| Winship Cancer Institute of Emory University | ||||||
| 1762 Clifton Road STE 1400 | Atlanta | GA | 30322 | EOF | Charitable | $250,000 |
| Carlos and Winnie Simpson Scholarship Endowment | ||||||
| University of Tennessee | Knoxville | TN | 37996 | GOV | Charitable | $36,060 |
| Chattanooga Rescue Mission | ||||||
| 1512 South Holtzclaw Avenue | Chattanooga | TN | 37404 | PC | Charitable | $0 |
| St Jude Children's Research Hospital | ||||||
| 501 St Jude Place | Memphis | TN | 38105 | PC | Charitable | $50,000 |
| 7th Well Ministries | ||||||
| P O Box 22481 | Chattanooga | TN | 37422 | PC | Charitable | $0 |
| University of TN-John Tummins Scholarship | ||||||
| University of Tennessee | Knoxville | TN | 37996 | GOV | Charitable | $400,000 |
| Autism Breakthrough of Knoxville | ||||||
| 900 E Hill Avenue Suite 145 | Knoxville | TN | 37915 | PC | Charitable | $50,000 |
| Shepherd Spinal Center | ||||||
| 2020 Peachtree Road NW | Atlanta | GA | 30305 | PC | Charitable | $50,000 |
| Eagles Landing Worship Center | ||||||
| 111 Industrial Way SW | Cleveland | TN | 37311 | PC | Charitable | $0 |
| Dyslexia Resource Trust | ||||||
| 282 Mt Paran Road NW | Atlanta | GA | 30327 | PC | Charitable | $0 |
| Cleveland State Community College Foundation | ||||||
| P O Box 3570/3535 Adkinson Drive | Cleveland | TN | 37320 | GOV | Charitable | $0 |
| United Way of Ocoee Region | ||||||
| 85 Ocoee Street SE | Cleveland | TN | 37364 | PC | Charitable | $0 |
| Family Cornerstones Inc | ||||||
| 2810 Westside Drive Suite E | Cleveland | TN | 37320 | PC | Charitable | $30,000 |
| The Caring Place-Life and Redemption Ministries | ||||||
| 130 Wildwood Avenue | Cleveland | TN | 37320 | PC | Charitable | $40,000 |
| Bradley Cleveland Public Education Foundation | ||||||
| P O Box 4354 | Cleveland | TN | 37320 | EOF | Charitable | $50,000 |
| Salvation Army | ||||||
| 822 McCallie Avenue | Chattanooga | TN | 37403 | PC | Charitable | $250,000 |
| Boys & Girls Club | ||||||
| 740 West Church Street | Greeneville | TN | 37744 | PC | Charitable | $0 |
| Friends of the Greenway | ||||||
| P O Box 2730 | Cleveland | TN | 37320 | PC | Charitable | $0 |
| City Fields (formerly The Refuge) | ||||||
| 1075 Blythe Ave Suite 8 | Cleveland | TN | 37311 | PC | Charitable | $200,000 |
| Ronald McDonald House | ||||||
| 200 Central Avenue | Chattanooga | TN | 37403 | PC | Charitable | $25,000 |
| Dept of Neurology Emory University | ||||||
| 201 Dowman Drive | Atlanta | GA | 30322 | EOF | Charitable | $50,000 |
| McCallie School | ||||||
| 500 Dodds Avenue | Chattanooga | TN | 37404 | EOF | Charitable | $0 |
| Ollie Otter Child Safety Foundation | ||||||
| 213 5th Ave North | Nashville | TN | 37219 | PC | Charitable | $0 |
| Celiac Disease Foundation | ||||||
| 1336 Copperstone Lane | Knoxville | TN | 37922 | PC | Charitable | $25,000 |
| Carlos & Winnie Simpson NonEndowed Scholarship | ||||||
| University of Tennessee | Knoxville | TN | 37996 | GOV | Charitable | $400,000 |
| Respite Care Atlanta | ||||||
| 2715 Peachtree Road NE | Atlanta | GA | 30305 | PC | Charitable | $25,000 |
| American Center for Law and Justice | ||||||
| P O Box 90555 | Washington | DC | 20090 | PC | Charitable | $12,500 |
| Alliance Defending Freedon | ||||||
| 15100 N 90th Street | Scottsdale | AZ | 85260 | PC | Charitable | $12,500 |
| Community Foundation | ||||||
| P O Box 4474 | Cleveland | OH | 37320 | PC | Charitable | $10,000 |
| Alhambra Shrine | ||||||
| 1000 Alhambra Dr | Chattanooga | TN | 37402 | PC | Charitable | $2,250 |
| Shriners Hospitals for Children | ||||||
| 110 Conn Terrace | Lexington | KY | 40508 | PC | Charitable | $12,750 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,981,060 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $222,875 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $491,687 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $0 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $714,562 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $714,562 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| Claude S Simpson Estate | ||||||
| 1 | 400 Northridge Road Suite 255 | Atlanta | GA | 30350 | $4,000,000 | Yes (X) |
| David C Simpson | ||||||
| 2 | 400 Northridge Road Suite 255 | Atlanta | GA | 30350 | $275,487 | Yes (X) |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Land from Claude Simpson Estate per Sch B detail. | CategoryOrItemTxt |
| Cost Or Other Basis | $5,450,261 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $0 | AccumulatedDepreciationAmt |
| Book Value | $5,450,261 | BookValueAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Vanguard Brokerage Account 59346248 | $28,414,151 | $30,698,171 |
| Bradley Co. Financial Stock | $352,500 | $352,500 |
| First Citizens Stock | $1,025,035 | $1,025,035 |
| South Mouse Creek Mitigation LLC | $192,446 | $192,446 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Loan to Claude Simpson Estate for Norcross Group | Desc |
| BOY Book Value | $3,460,056 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Insurance on Real Estate | $1,818 | $1,818 |
| Office Expenses | $173 | $173 |
| Travel Expenses | $500 | $500 |
| Loss from South Mouse Creek Mitigation | -$1,362 | -$1,362 |
| Loss from Energy Transfer LP | $25,274 | $25,274 |
| Loss from Magellan Midstream Partners LP | $16,062 | $16,062 |
| Other Deductions from Energy Transfer LP | $750 | $750 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Interest Income- SCC ST Note | $70,833 | $70,833 |
| Interest Income- Ross ST Note | $50,600 | $50,600 |
| Interest Income- Ricky Stanton | $2,736 | $2,736 |
| Hunting Permit Fees | $1,000 | $1,000 |
| Other Income- Magellan Midstream Partners LP | $348 | $348 |
| 2018 and 2019 Property Tax Reimb from SCC | $19,616 | $19,616 |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp (3 entries)
| Insider RelationshipInsiderRelationshipTxt | Loan OriginalLoanOriginalAmt | Balance DueBalanceDueAmt | NoteNoteDt | Loan MaturityLoanMaturityDt | Repayment TermsRepaymentTermsTxt | InterestInterestRt | Security Provided BorrowerSecurityProvidedBorrowerTxt | Loan PurposeLoanPurposeTxt | Lender ConsiderationLenderConsiderationDesc | Consideration FMVConsiderationFMVAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| Summers Taylor | ||||||||||
| No relationship-Arm's Length Transaction | $5,000,000 | $2,333,333 | 2018-03 | 2023-03 | Five Years-Monthly Principal and Interest | 0.04500000 | Assets of Borrower | Note Upon Sale of Business | Assets of Borrower | $2,333,333 |
| Summers Taylor | ||||||||||
| No relationship-Arm's Length Transaction | $3,200,000 | $1,600,000 | 2018-05 | 2023-05 | Five Years-Monthly Principal and Interest | 0.04500000 | Assets of Borrower | Note Upon Sale of Business | Assets of Borrower | $1,600,000 |
| Ricky Stanton | ||||||||||
| No relationship-Arm's Length Transaction | $60,000 | $53,348 | 2018-09 | 2023-09 | Five Years-Monthly Principal and Interest | 0.05000000 | 1685 6th Street, NE, Cleveland, TN | Note Upon Sale of Real Estate | 1685 6th Street, NE, Cleveland, TN | $53,348 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Property Taxes | $24,614 | $24,614 |
| Foreign Taxes Paid | $1,445 | $1,445 |
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