WILLIAM HAROLD SMITH CHARITABLE TR: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- WILLIAM HAROLD SMITH CHARITABLE TR (EIN 56-6526359)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-05-06
- IRS object ID
- 202141269349100109
- 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
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Land Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-05-06T09:06:09-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 562280321 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Whitley Hyder & Sigmon PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O Box 1388 | AddressLine1Txt |
| City | Hickory | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 286031388 | 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 | 566526359 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | William Harold Smith Charitable Trust | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WILL | BusinessNameControlTxt |
| Phone | 8286529443 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1105 Airport Road | AddressLine1Txt |
| City | Marion | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28752 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Matt Smith | PersonNm |
| Person Title | Trustee | PersonTitleTxt |
| Phone | 8286529443 | PhoneNum |
| Signature | 2021-05-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Matt | PersonFirstNm |
| Person Last | Smith | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Johnny R Whitley | PreparerPersonNm |
| PTIN | P00235377 | PTIN |
| Phone | 8283277700 | PhoneNum |
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 |
| 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 | $5,554,708 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $875 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $875 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $231,685 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $231,685 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $16,475 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $16,475 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $6,606 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $805 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $13,067 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $805 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,099 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,099 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $250,939 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $250,939 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $33,863 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $33,863 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $3,623 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $3,623 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $8,888 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $13,608 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $9,869 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $3,739 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $59,982 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $9,869 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $41,225 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $209,250 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $209,250 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $269,232 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $9,869 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $250,475 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$18,293 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $241,070 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $118,085 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $119,051 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $119,051 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $250,978 | CorporateStockBOYAmt |
| Corporate Stock EOY | $250,978 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $428,451 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $3,938,193 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $3,925,496 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $4,772,005 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $199,203 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $43,909 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $161,856 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $155,294 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $235,201 | LandBldgInvestmentsEOYFMVAmt |
| Total Assets BOY | $4,469,112 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,450,819 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $5,554,708 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $4,469,112 | RetainedEarningBOYAmt |
| Retained Earning EOY | $4,450,819 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $4,469,112 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $4,450,819 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $4,469,112 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $4,450,819 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $4,469,112 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$18,293 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $4,450,819 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $4,450,819 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (10 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| FNMA REMIC Trust 2001-79 | P | 2006-12-12 | 2020-02-26 | $1,000 | $1,000 | $0 | $0 |
| FNMA REMIC Trust 2001-79 | P | 2006-12-12 | 2020-12-28 | $1,000 | $1,000 | $0 | $0 |
| Qwest Corporation | P | 2010-11-10 | 2020-01-15 | $10,164 | $10,164 | $0 | $0 |
| Lehman Brothers Holdings Inc | P | 2020-10-02 | $20 | $20 | $0 | $0 | |
| Lehman Brothers Holdings Inc | P | 2020-10-02 | $78 | $78 | $0 | $0 | |
| Lehman Brothers Holdings Inc | P | 2006-12-12 | 2020-04-03 | $17 | $17 | $17 | |
| Lehman Brothers Holdings Inc | P | 2006-12-12 | 2020-10-01 | $20 | $20 | $20 | |
| Lehman Brothers Holdings Inc | P | 2006-12-12 | 2020-04-03 | $67 | $67 | $67 | |
| Lehman Brothers Holdings Inc | P | 2006-12-12 | 2020-10-01 | $78 | $78 | $78 | |
| Capital Gains Dividends | P | $623 | $623 | $623 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $805 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $3,351 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $3,351 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $3,351 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $5,960 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $5,960 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $2,609 | OverpaymentAmt |
| Applied To ES Tax | $2,609 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NC | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | Matt Smith | IndividualWithBooksNm |
| Phone | 8286529443 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1105 Airport Rd | AddressLine1Txt |
| City | Marion | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28752 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 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 |
|---|---|---|---|---|---|---|---|---|
| J Matt Smith | ||||||||
| 1105 Airport Rd | Marion | NC | 28752 | Trustee & Member | 10.00 | $27,242 | $0 | $0 |
| Mitchell D Goodson | ||||||||
| 313 Pinecrest Drive | Marion | NC | 28752 | Chairman & Member | 3.25 | $6,621 | $0 | $0 |
| David H Ditt | ||||||||
| 2070 Rutherford Road | Marion | NC | 28752 | Committee Menber | 1.00 | $0 | $0 | $0 |
| Jerry F Arnold | ||||||||
| 640 State Street | Marion | NC | 28752 | Committee Menber | 1.00 | $0 | $0 | $0 |
| Edwin H Spivey III | ||||||||
| 35 West Carson St | Old Fort | NC | 28762 | Committee Menber | 1.00 | $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 | Scholarships - Colleges and Universities $183,500 Operating and Admin Expenses $36,150 | Description1Txt |
| Expenses1 | $219,650 | Expenses1Amt |
| Description2 | McDowell Technical Community College $25,750 Operating and Admin Expenses $5,075 | Description2Txt |
| Expenses2 | $30,825 | Expenses2Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $4,960,367 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $152,033 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $235,201 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $5,347,601 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $5,347,601 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $80,214 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $5,267,387 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $263,369 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $263,369 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $3,351 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $3,351 | TotalTaxAmt |
| Distributable Before Adj | $260,018 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $260,018 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $260,018 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $250,475 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $250,475 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $250,475 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $260,018 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $70,620 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $62,691 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $57,225 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $80,819 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $52,778 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $324,133 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $250,475 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $250,475 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $9,543 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $9,543 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $314,590 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $61,077 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $253,513 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $62,691 | ExcessFromYear4Amt |
| Excess From Year3 | $57,225 | ExcessFromYear3Amt |
| Excess From Year2 | $80,819 | ExcessFromYear2Amt |
| Excess From Year1 | $52,778 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Matt Smith | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1105 Airport Rd | AddressLine1Txt |
| City | Marion | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28752 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 8286529443 | RecipientPhoneNum |
| Form And Info And Materials | See Attached Application | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | April 2 Each Year April 2 Each Year | SubmissionDeadlinesTxt |
| Restrictions On Awards | See Attached Application | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (26 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| McDowell Technical College | |||||||
| 54 College Drive | Marion | NC | 28752 | None | College | Scholarships, Operating and Admin Expenses | $25,750 |
| Appalachian State University | |||||||
| ASU PO Box 32005 | Boone | NC | 28608 | None | NC | Scholarships | $35,500 |
| Belmont Abbey College | |||||||
| 100 Belmont - Mt Holly Rd | Belmont | NC | 28012 | None | NC | Scholarships | $2,000 |
| Brevard College | |||||||
| One Brevard College Road | Brevard | NC | 28712 | None | Scholarships | $3,000 | |
| Brigham Young University - Idaho | |||||||
| 525 South Center St | Rexburg | ID | 83460 | None | Scholarships | $1,000 | |
| Centre College | |||||||
| 600 West Walnut St | Danville | KY | 40422 | None | Scholarships | $4,000 | |
| East Carolina University | |||||||
| Mail Stop 230 | Greenville | NC | 27858 | None | Scholarships | $15,000 | |
| East Tennessee State University | |||||||
| P O Box 70719 | Johnson City | TN | 37614 | None | Scholarships | $3,000 | |
| Gardner-Webb University | |||||||
| P O Box 7324 | Boiling Springs | NC | 28017 | None | Scholarships | $15,000 | |
| Lenior-Rhyne University | |||||||
| LR Box 7227 | Hickory | NC | 28603 | None | Scholarships | $7,000 | |
| Liberty University | |||||||
| P O Box 10425 | Lynchburg | VA | 24502 | None | Scholarships | $2,000 | |
| Mars Hill University | |||||||
| P O Box 370 | Mars Hill | NC | 28754 | None | Scholarships | $3,000 | |
| Montreat College | |||||||
| P O Box 1267 | Montreat | NC | 28757 | None | Scholarships | $10,000 | |
| North Carolina A&T State University | |||||||
| 1601 East Market St | Greensboro | NC | 27411 | None | Scholarships | $2,000 | |
| North Carolina State University | |||||||
| 2005 Harris Hall Campus Box 7213 | Raleigh | NC | 27695 | None | Scholarships | $21,000 | |
| Oklahoma City University School of Law | |||||||
| 2501 N Blackwelder | Oklahoma City | OK | 73106 | None | Scholarships | $6,000 | |
| University of North Carolian at Asheville | |||||||
| One University Heights | Asheville | NC | 28804 | None | Scholarships | $13,000 | |
| University of North Carolina at Chapel Hill | |||||||
| 450 Ridge Road CB 1400 | ChapelHill | NC | 27599 | None | Scholarships | $7,000 | |
| University of North Carolian at Charlotte | |||||||
| 9201 University City Blvd | Charlotte | NC | 28223 | None | Scholarships | $3,000 | |
| University of North Carolian at Greensboro | |||||||
| P O Box 26170 | Greensboro | NC | 27402 | None | Scholarships | $5,000 | |
| University of North Carolian at Wilmington | |||||||
| 601 South College Rd | Wilmington | NC | 28403 | None | Scholarships | $2,000 | |
| Western Carolina University | |||||||
| 1 University Drive | Cullowhee | NC | 28723 | None | Scholarships | $18,000 | |
| Wingate University | |||||||
| P O Box 159 | Wingate | NC | 28174 | None | Scholarships | $8,000 | |
| Winston-Salem State University | |||||||
| 601 South MLK Jr Drive | Winston Salem | NC | 27110 | None | Scholarships | $2,000 | |
| Brigham Young University - Idaho | |||||||
| 525 South Center St | Rexburg | ID | 83460 | Unused Scholarships Returned | -$1,500 | ||
| Warren Wilson College | |||||||
| P O Box 9000 | Asheville | NC | 28815 | Unused Scholarships Returned | -$2,500 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $209,250 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $875 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $231,685 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $6,606 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,099 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $623 | ExclusionAmt |
| Related Or Exempt Function Incm | $182 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $240,888 | ExclusionAmt |
| Related Or Exempt Function Incm | $182 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $241,070 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 8 | LineNumberTxt |
| Relationship Statement | Gain on sale of investments. | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Whitley, Hyder & Sigmon, P.A. | CategoryTxt |
| Amt | $3,623 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,623 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | Raymond James - Various | BondNm |
| EOY Book Value | $3,925,496 | EOYBookValueAmt |
| EOYFMV | $4,772,005 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Raymond James - REIT | $63,175 | $52,008 |
| Raymond James - Stocks | $187,803 | $376,443 |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| Residential - Rutherford Road | $53,491 | $14,313 | $39,178 |
| Residential - Laurelwood | $123,212 | $29,596 | $93,616 |
| Residential - Rutherford Road - Land | $15,000 | $0 | $15,000 |
| Residential - Laurelwood - Land | $7,500 | $0 | $7,500 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Office Supplies & Expenses | $3,004 | $0 | $3,004 |
| Rental House Expenses | $3,307 | $3,307 | $0 |
| Internet Telephone | $735 | $0 | $735 |
| Investment Depreciation | $6,562 | $6,562 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| Petro Gas Securities | $599 | $599 | $599 |
| Investor Fund QSF Distribution | $500 | $500 | $500 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Tax on Investment Income | CategoryTxt |
| Amt | $8,888 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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