PATRICK BEAVER SCHOLARSHIP FOUNDATION INC: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- PATRICK BEAVER SCHOLARSHIP FOUNDATION INC (EIN 56-2048446)
- Tax period
- 2019-09-01 to 2020-08-31
- Filed
- 2021-01-15
- IRS object ID
- 202130159349100103
- Schema version
- 2019v5.1
- 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
- Compensation Explanation
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-01-15T10:11:21-06:00 | ReturnTs |
| Tax Period End | 2020-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Hollow Ln Ste 212 | AddressLine1Txt |
| City | Lake Success | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 562048446 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Patrick Beaver Scholarship Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | PATR | BusinessNameControlTxt |
| Phone | 8283250655 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2425 North Center Street 362 | AddressLine1Txt |
| City | Hickory | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28601 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANGELA B SIMMONS | PersonNm |
| Person Title | secretary | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2021-01-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | 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 | $2,098,605 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $791 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $791 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $42,320 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $42,320 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $32,015 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $338,672 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $29,593 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $75,126 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $72,704 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $24,664 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $4,664 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $20,000 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $1,091 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $191 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $9,854 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $46 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $9,808 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $35,609 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $4,901 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $29,808 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $60,545 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $60,545 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $96,154 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $4,901 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $90,353 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$21,028 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $67,803 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $147,172 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $67,295 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $67,295 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $873 | AcctRcvblAmt |
| Acct Rcvbl EOY | $873 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $873 | AcctRcvblEOYFMVAmt |
| Corporate Stock BOY | $712,427 | CorporateStockBOYAmt |
| Corporate Stock EOY | $675,726 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,439,545 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $494,898 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $589,575 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $590,892 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $1,354,497 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,333,469 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $2,098,605 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $1,354,497 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,333,469 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,354,497 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,333,469 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,354,497 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,333,469 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,354,497 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$21,028 | ExcessRevenueOverExpensesAmt |
| Subtotal | $1,333,469 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,333,469 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $338,672 | GrossSalesPriceAmt |
| Cost Or Other Basis | $309,079 | CostOrOtherBasisAmt |
| Gain Or Loss | $29,593 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $29,593 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $29,593 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $86,489 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $1,843,117 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.046925 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $70,976 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $1,816,686 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.039069 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $67,061 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,679,557 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.039928 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $69,072 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $1,590,079 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.043439 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $68,488 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,627,116 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.042092 | DistributionYr5Rt |
| Total Distribution | 0.211453 | TotalDistributionRt |
| Average Distribution | 0.042291 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $1,932,301 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $81,719 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $678 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $82,397 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $90,353 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $678 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $678 | SubtotalAmt |
| Tax Based On Investment Income | $678 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,274 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $1,274 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $596 | OverpaymentAmt |
| Applied To ES Tax | $596 | 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 |
| Org Report Or Register State | NC | OrgReportOrRegisterStateCd |
| 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | 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 | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | 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 | Yes (true) | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| 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 (6 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 |
|---|---|---|---|---|---|---|---|---|
| Toni w Alexander | ||||||||
| 2425 North Center Street 362 | Hickory | NC | 28601 | Dir | 1.0 | $0 | $0 | $0 |
| Patricia A Anderson | ||||||||
| 2425 North Center Street 362 | Hickory | NC | 28601 | Dir, Treas | 1.0 | $0 | $0 | $0 |
| Donald C Beaver | ||||||||
| 2425 North Center Street 362 | Hickory | NC | 28601 | Pres, Dir | 1.0 | $0 | $0 | $0 |
| Deborah B Looper | ||||||||
| 2425 North Center Street 362 | Hickory | NC | 28601 | Dir, VP | 1.0 | $0 | $0 | $0 |
| Angela B Simmons | ||||||||
| 2425 North Center Street 362 | Hickory | NC | 28601 | Sec, Dir | 1.0 | $0 | $0 | $0 |
| Donna B Malone | ||||||||
| 2425 North Center Street 362 | Hickory | NC | 28601 | Dir | 1.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,808,789 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $152,938 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,961,727 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,961,727 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $29,426 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,932,301 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $96,615 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $96,615 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $678 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $678 | TotalTaxAmt |
| Distributable Before Adj | $95,937 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $95,937 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $95,937 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $90,353 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $90,353 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $678 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $89,675 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $95,937 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $79,383 | UndistributedIncomePYAmt |
| Prior Year1 | 2017 | PriorYear1Yr |
| Prior Year2 | 2016 | PriorYear2Yr |
| Prior Year3 | 2015 | PriorYear3Yr |
| Qualifying Distributions | $90,353 | QualifyingDistributionsAmt |
| Applied To Year1 | $79,383 | AppliedToYear1Amt |
| Applied To Current Year | $10,970 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $84,967 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (34 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | Address Line2RecipientUSAddress/AddressLine2Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|---|
| F Irias | ||||||||
| APPALACHIAN STATE UNIVERSITY | BOX 32059 | BOONE | NC | 28608 | NONE | I | Scholarship Grant | $1,500 |
| S Corriher | ||||||||
| APPALACHIAN STATE UNIVERSITY | BOX 32059 | BOONE | NC | 28608 | NONE | I | Scholarship Grant | $1,500 |
| L Negrete-Perez | ||||||||
| APPALACHIAN STATE UNIVERSITY | BOX 32059 | BOONE | NC | 28608 | NONE | I | Scholarship Grant | $1,500 |
| S L Isenhour | ||||||||
| CALDWELL COMMUNITY COLLEGE | 2855 HICKORY BLVD | HUDSON | NC | 28607 | NONE | I | Scholarship Grant | $1,500 |
| S L Isenhour | ||||||||
| CALDWELL COMMUNITY COLLEGE | 2855 HICKORY BLVD | HUDSON | NC | 28607 | NONE | I | Scholarship Grant | $2,045 |
| J D Duncan | ||||||||
| HIGH POINT UNIVERSITY | 1 UNIVERSITY PKWY | HIGH POINT | NC | 27268 | NONE | I | Scholarship GRANT | $1,500 |
| J D Duncan | ||||||||
| HIGH POINT UNIVERSITY | 1 UNIVERSITY PKWY | HIGH POINT | NC | 27268 | NONE | I | Scholarship GRANT | $1,500 |
| C E McCrea | ||||||||
| JOHNS HOPKINS UNIVERSITY | 3400 N CHARLES ST 146 GARLAND HALL | BALTIMORE | MD | 21218 | NONE | I | Scholarship GRANT | $3,000 |
| I Heard | ||||||||
| LENOIR-RHYNE UNIVERSITY | PO BOX 7164 | HICKORY | NC | 28603 | N/A | PC | Scholarship GRANT | $1,500 |
| N T Huffman | ||||||||
| LENOIR-RHYNE UNIVERSITY | PO BOX 7164 | HICKORY | NC | 28603 | NONE | I | Scholarship GRANT | $1,500 |
| A Maynard | ||||||||
| NORTH CAROLINA STATE UNIVERSITY | 2016 HARRIS HALL BOX 7302 | RALEIGH | NC | 27695 | NONE | I | Scholarship Grant | $2,250 |
| L H Sigmon | ||||||||
| NORTH CAROLINA STATE UNIVERSITY | 2016 HARRIS HALL BOX 7302 | RALEIGH | NC | 27695 | NONE | I | Scholarship Grant | $1,500 |
| S E Heath | ||||||||
| NORTH CAROLINA STATE UNIVERSITY | 2016 HARRIS HALL BOX 7302 | RALEIGH | NC | 27695 | NONE | I | Scholarship Grant | $1,500 |
| C L Shepler | ||||||||
| NORTH CAROLINA STATE UNIVERSITY | 2016 HARRIS HALL BOX 7302 | RALEIGH | NC | 27695 | NONE | I | Scholarship Grant | $1,500 |
| M Connor | ||||||||
| NORTH CAROLINA STATE UNIVERSITY | 2016 HARRIS HALL BOX 7302 | RALEIGH | NC | 27695 | NONE | I | Scholarship Grant | $1,500 |
| A Maynard | ||||||||
| NORTH CAROLINA STATE UNIVERSITY | 2016 HARRIS HALL BOX 7302 | RALEIGH | NC | 27695 | NONE | I | Scholarship Grant | $2,250 |
| M Connor | ||||||||
| NORTH CAROLINA STATE UNIVERSITY | 2016 HARRIS HALL BOX 7302 | RALEIGH | NC | 27695 | NONE | I | Scholarship Grant | $1,500 |
| C L Shepler | ||||||||
| NORTH CAROLINA STATE UNIVERSITY | 2016 HARRIS HALL BOX 7302 | RALEIGH | NC | 27695 | NONE | I | Scholarship Grant | $1,500 |
| L H Sigmon | ||||||||
| NORTH CAROLINA STATE UNIVERSITY | 2016 HARRIS HALL BOX 7302 | RALEIGH | NC | 27695 | NONE | I | Scholarship Grant | $1,500 |
| S E Heath | ||||||||
| NORTH CAROLINA STATE UNIVERSITY | 2016 HARRIS HALL BOX 7302 | RALEIGH | NC | 27695 | NONE | I | Scholarship Grant | $1,500 |
| D C Mohan | ||||||||
| UNIVERSITY OF NORTH CAROLINA | STE 2215 CB 1400 450 RIDGE RD | CHAPEL HILL | NC | 27599 | NONE | I | Scholarship Grant | $1,500 |
| J M Pursel | ||||||||
| UNIVERSITY OF NORTH CAROLINA | STE 2215 CB 1400 450 RIDGE RD | CHAPEL HILL | NC | 27599 | NONE | I | Scholarship Grant | $1,500 |
| E A Jarrett | ||||||||
| UNIVERSITY OF NORTH CAROLINA | STE 2215 CB 1400 450 RIDGE RD | CHAPEL HILL | NC | 27599 | NONE | I | Scholarship Grant | $3,000 |
| J M Pursel | ||||||||
| UNIVERSITY OF NORTH CAROLINA | STE 2215 CB 1400 450 RIDGE RD | CHAPEL HILL | NC | 27599 | NONE | I | Scholarship Grant | $1,500 |
| M Hamby | ||||||||
| UNIVERSITY OF NORTH CAROLINA | STE 2215 CB 1400 450 RIDGE RD | CHAPEL HILL | NC | 27599 | NONE | I | Scholarship Grant | $1,500 |
| A Hager | ||||||||
| UNIVERSITY OF NORTH CAROLINA | 9201 UNIVERSITY CITY BLVD | CHARLOTTE | NC | 28223 | NONE | I | Scholarship Grant | $1,500 |
| D L Canaday | ||||||||
| UNIVERSITY OF NORTH CAROLINA | 9201 UNIVERSITY CITY BLVD | CHARLOTTE | NC | 28223 | NONE | I | Scholarship Grant | $2,250 |
| D L Canaday | ||||||||
| UNIVERSITY OF NORTH CAROLINA | 9201 UNIVERSITY CITY BLVD | CHARLOTTE | NC | 28223 | NONE | I | Scholarship Grant | $2,250 |
| S D Corriher | ||||||||
| UNIVERSITY OF NORTH CAROLINA | PO BOX 26170 | GREENSBORO | NC | 27402 | NONE | I | Scholarship Grant | $1,500 |
| K M Cardoza | ||||||||
| UNIVERSITY OF TAMPA | 401 W KENNEDY BLVD | TAMPA | FL | 33606 | NONE | I | Scholarship GRANT | $3,000 |
| M M Honeycutt | ||||||||
| VIRGINIA COMMONWEALTH UNIVERSITY | 1015 FLOYD AVE PO BOX 843026 | RICHMOND | VA | 23284 | NONE | I | Scholarship GRANT | $1,500 |
| H N Miller | ||||||||
| WESTERN CAROLINA UNIVERSITY | 118 KILLIAN ANX | CULLOWHEE | NC | 28723 | NONE | I | Scholarship Grant | $1,500 |
| D R Smith | ||||||||
| WESTERN CAROLINA UNIVERSITY | 118 KILLIAN ANX | CULLOWHEE | NC | 28723 | NONE | I | Scholarship Grant | $3,000 |
| H N Miller | ||||||||
| WESTERN CAROLINA UNIVERSITY | 118 KILLIAN ANX | CULLOWHEE | NC | 28723 | NONE | I | Scholarship Grant | $1,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $60,545 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $791 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $42,320 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $32,015 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $75,126 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $75,126 | 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 |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Angela B Simmons | PersonNm |
| Short Explanation | ABS LEGACY PARTNERS, LLC, A FIRM OWNED BY AN OFFICER OF THE PATRICK BEAVER SCHOLARSHIP FOUNDATION, INC. (THE "FOUNDATION"), WAS PAID $20,000 BY THE FOUNDATION TO PROVIDE MANAGEMENT SERVICES. THIS COMPENSATION IS REPORTED ON PART I, LINE 16C TO BE CONSISTENT WITH THE CHARACTER OF THE EXPENSE. THE FIRM BILLED THE FOUNDATION AT OR BELOW MARKET RATES. | ShortExplanationTxt |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (20 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALLERGAN INC - 3.375% - 09/15/ | $25,704 | $25,020 |
| AUTOZONE INC - 3.700% - 04/15/ | $31,337 | $31,308 |
| BLOCK FINANCIAL - 4.125% - 10/ | $25,979 | $25,058 |
| CENTURYLINK INC - 5.800% - 03/ | $30,992 | $31,275 |
| CITIGROUP INC PERP-B NT - 5.90 | $25,687 | $26,487 |
| CONSTELLATION BRANDS INC - 3.2 | $31,565 | $31,818 |
| JPMORGAN CHASE & CO - 5.150% - | $25,200 | $25,307 |
| KRAFT HEINZ FOODS - 4.000% - 0 | $26,402 | $26,777 |
| MOODYS CORP NOTE CALL MAKE WHO | $32,228 | $32,167 |
| MOTOROLA SOLUTIONS - 0.000% - | $23,758 | $26,534 |
| NETFLIX INC - 5.375% - 02/01/2 | $36,598 | $35,656 |
| NORDSTROM INC SR NT - 4.000% - | $25,542 | $24,994 |
| NVR INC - 3.950% - 09/15/2022 | $31,586 | $31,748 |
| O'REILLY BOND - 4.625% - 09/15 | $31,125 | $30,915 |
| ONEOK INC - 4.250% - 02/01/202 | $31,288 | $31,122 |
| SPECTRA ENERGY - 4.750% - 03/1 | $37,114 | $35,733 |
| STARBUCKS CORP - 3.100% - 03/0 | $31,439 | $31,904 |
| VODAFONE GROUP NOTE - 2.950% - | $24,190 | $26,433 |
| YUM BRANDS - 3.875% - 11/01/20 | $30,945 | $29,850 |
| ZIMMER HOLDING INC NOTE - 3.37 | $30,896 | $30,786 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (37 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABBOTT LABS | $14,544 | $32,841 |
| ACCENTURE PLC | $9,756 | $23,993 |
| ALPHABET INC CL C | $36,674 | $130,734 |
| AMAZON COM | $13,848 | $51,764 |
| APPLE INC | $44,462 | $193,560 |
| BANK OF AMERICA CORP | $13,931 | $25,740 |
| BANK OF AMERICA CORP - 7.250% | $22,231 | $29,901 |
| BECTON DICKINSON & CO | $7,828 | $24,277 |
| BECTON DICKINSON AND CO PRF B | $21,294 | $21,372 |
| BERKSHIRE HATHAWAY INC. CLASS | $31,339 | $141,726 |
| CHARLES SCHWAB CORP | $24,655 | $21,318 |
| CHEVRON CORP | $12,344 | $16,786 |
| COLGATE-PALMOLIVE COMPANY | $4,298 | $7,926 |
| COMCAST CORP | $19,842 | $22,405 |
| COSTCO WHOLESALE CORPORATION | $9,611 | $17,383 |
| EXPEDITORS INTL WASH INC | $51,757 | $61,873 |
| ISHARES CORE MSCI EMERGING MAR | $33,466 | $31,980 |
| JOHNSON & JOHNSON | $14,041 | $15,341 |
| KINDER MORGAN INC | $14,347 | $11,056 |
| MCDONALD'S CORP | $5,458 | $21,352 |
| MEDTRONIC PLC | $11,543 | $16,121 |
| MICROSOFT CORP | $10,348 | $112,765 |
| NESTLE S.A | $2,704 | $18,062 |
| NIKE INC-CL B | $16,734 | $44,756 |
| NOVO NORDISK A S | $9,099 | $16,510 |
| PEPSICO INC | $19,261 | $42,018 |
| PROGRESSIVE CORP OHIO | $11,875 | $14,256 |
| RAYTHEON TECHNOLOGIES CORP | $14,383 | $13,725 |
| SIMON PPTY GROUP INC | $9,768 | $10,178 |
| STARBUCKS CORP COM | $28,480 | $42,235 |
| UNILEVER N V N Y | $11,988 | $17,400 |
| VANGUARD HEALTH CARE ETF | $40,582 | $62,241 |
| VERIZON COMMUNICATIONS | $17,700 | $17,781 |
| VISA INC | $19,814 | $21,199 |
| WAL-MART STORES INC | $12,927 | $27,770 |
| WALT DISNEY HOLDINGS CO | $19,777 | $46,155 |
| WELLS FARGO PFD NON-CUM - 5.85 | $13,017 | $13,045 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $9,808 | $9,808 | |
| Bank Charges | $46 | $46 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administration of Foundation | $20,000 | $20,000 | |
| Investment Management Services | $4,664 | $4,664 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Estimated Tax for 2020 | $900 | |
| Foreign Tax Paid | $191 | $191 |
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