MGM FOUNDATION INC: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- MGM FOUNDATION INC (EIN 71-1049010)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-15
- IRS object ID
- 202143199349100349
- Schema version
- 2020v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Legal Fees Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Receivables Officers Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-15T08:35:42-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 813628324 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TROY O'CALLAGHAN CPA LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2219 SAWDUST RD SUITE 104 | AddressLine1Txt |
| City | SPRING | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 773802576 | 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 | 711049010 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MGM FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MGMF | BusinessNameControlTxt |
| Phone | 2817661340 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2042 PINE ACRES | AddressLine1Txt |
| City | CONROE | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77384 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KEVIN G MIMS | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 2817661340 | PhoneNum |
| Signature | 2021-11-15 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | KEVIN G | PersonFirstNm |
| Person Last | MIMS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TROY O'CALLAGHAN | PreparerPersonNm |
| PTIN | P01962587 | PTIN |
| Phone | 8328135725 | PhoneNum |
| Preparation | 2021-11-15 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| 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 | $980,009 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $19,799 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $19,799 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $19,799 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $28,577 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $977,130 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $28,577 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $48,376 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $48,376 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $19,799 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $72,379 | CompOfcrDirTrstRevAndExpnssAmt |
| Pension Empl Bnft Rev And Expnss | $5,822 | PensionEmplBnftRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $2,050 | LegalFeesRevAndExpnssAmt |
| Taxes Rev And Expnss | $50 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $11,591 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $91,892 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $125,080 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $125,080 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $216,972 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $125,080 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$168,596 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $48,376 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $19,799 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $4,059 | CashBOYAmt |
| Cash EOY | $11,307 | CashEOYAmt |
| Cash EOYFMV | $11,307 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $843,519 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $622,577 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $858,702 | SavAndTempCashInvstEOYFMVAmt |
| Rcvbl From Officers EOY | $110,000 | RcvblFromOfficersEOYAmt |
| Rcvbl From Officers EOYFMV | $110,000 | RcvblFromOfficersEOYFMVAmt |
| Total Assets BOY | $847,578 | TotalAssetsBOYAmt |
| Total Assets EOY | $743,884 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $980,009 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $847,578 | RetainedEarningBOYAmt |
| Retained Earning EOY | $743,884 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $847,578 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $743,884 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $847,578 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $743,884 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $847,578 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$168,596 | ExcessRevenueOverExpensesAmt |
| Other Increases | $64,902 | OtherIncreasesAmt |
| Subtotal | $743,884 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $743,884 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | DepreciationDepreciationAmt |
|---|---|---|---|---|---|---|
| MORGAN STANLEY 1033 - SEE ATTACHMENT | P | $75,935 | $75,415 | $520 | $520 | |
| MORGAN STANLEY 1033 - SEE ATTACHMENT | P | $283,921 | $309,226 | -$25,294 | -$25,294 | $11 |
| MORGAN STANLEY 4033 - SEE ATTACHMENT | P | $406,631 | $415,511 | -$3,539 | -$3,539 | $5,341 |
| MORGAN STANLEY 4033 - SEE ATTACHMENT | P | $209,633 | $154,095 | $55,880 | $55,880 | $342 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $28,577 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$3,019 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $672 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $672 | SubtotalAmt |
| Tax Based On Investment Income | $672 | TaxBasedOnInvestmentIncomeAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $9 | EsPenaltyAmt |
| Tax Due | $681 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 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 | false | 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 | KEVIN G MIMS | IndividualWithBooksNm |
| Phone | 2817661340 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2042 PINE ACRES | AddressLine1Txt |
| City | CONROE | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77384 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (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 |
|---|---|---|---|---|---|---|---|---|
| KEVIN G MIMS | ||||||||
| 2042 PINE ACRES | CONROE | TX | 77384 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| ROBERT G MIMS | ||||||||
| 2042 PINE ACRES | CONROE | TX | 77384 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| KATHERINE MIMS | ||||||||
| 2042 PINE ACRES | CONROE | TX | 77384 | DIRECTOR | 10.00 | $72,379 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $851,138 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $41,325 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $892,463 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $892,463 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $13,387 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $879,076 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $43,954 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $43,954 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $672 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $672 | TotalTaxAmt |
| Distributable Before Adj | $43,282 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $43,282 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $43,282 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $125,080 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $125,080 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $125,080 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $43,282 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $47,023 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $2,387 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $12,694 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $68,236 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $130,340 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $125,080 | QualifyingDistributionsAmt |
| Applied To Current Year | $43,282 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $81,798 | RemainingDistriFromCorpusAmt |
| Total Corpus | $212,138 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $47,023 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $165,115 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $2,387 | ExcessFromYear4Amt |
| Excess From Year3 | $12,694 | ExcessFromYear3Amt |
| Excess From Year2 | $68,236 | ExcessFromYear2Amt |
| Excess From Current Year | $81,798 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|
| ARCHDIOCESE OF GALVESTON-HOUSTON | |||||
| 1700 SAN JACINTO | HOUSTON | TX | 77002 | CHARITABLE DONATION | $5,000 |
| FRASSATI CATHOLIC HIGH SCHOOL | |||||
| 22151 FRASSATI WAY | SPRING | TX | 77389 | CHARITABLE DONATION | $5,000 |
| GRATIA PLENA | |||||
| 10707 CORPORATE DR 135 | STAFFORD | TX | 77477 | CHARITABLE DONATION | $5,000 |
| HOLY NAME PASSIONIST RETREAT CENTER | |||||
| 430 BUNKER HILL ROAD | HOUSTON | TX | 77024 | CHARITABLE DONATION | $23,000 |
| LIFE TEEN | |||||
| 9 THE PINES COURT C | ST LOUIS | MO | 63141 | CHARITABLE DONATION | $10,000 |
| NEWMAN CATHOLIC | |||||
| 421 W SAINT MARIE ST | DULUTH | MN | 55811 | CHARITABLE DONATION | $100 |
| PASSIONIST NUNS | |||||
| 8564 CRISP ROAD | WHITESVILLE | KY | 42378 | CHARITABLE DONATION | $2,000 |
| POPE LEO XIII INSTITUTE | |||||
| 1600 WEST PARK AVE B | LIBERTYVILLE | IL | 60048 | CHARITABLE DONATION | $5,000 |
| ST ANTHONY OF PADJUA CHURCH | |||||
| 7801 BAY BRANCH DRIVE | THE WOODLANDS | TX | 77382 | CHARITABLE DONATION | $51,980 |
| STS SIMON & JUDE | |||||
| 26777 GLEN LOCH DRIVE | THE WOODLANDS | TX | 77381 | CHARITABLE DONATION | $18,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $125,080 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $19,799 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $28,577 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $48,376 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $48,376 | 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 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT LEGAL FEES | CategoryTxt |
| Legal Fees | $2,050 | LegalFeesAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| EXPENSES | |
| BANK CHARGES - LPL FINANCIAL | $40 |
| EVENT EXPENSE | $803 |
| INVESTMENT EXPENSES - MS 1033 | $5,057 |
| INVESTMENT EXPENSES - MS 4033 | $4,952 |
| PAYROLL EXPENSES | $739 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENT BASIS ADJUSTMENT | Desc |
| Amt | $64,902 | Amt |
Other Receivables Officers Sch OtherReceivablesOfficersSch
Officer Other Rcvbl OfficerOtherRcvblGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Borrower Person | LOAN RECEIVABLE - KATHERINE MIMS | BorrowerPersonNm |
| Borrower Title | OFFICER | BorrowerTitleTxt |
| Loan Original | $110,000 | LoanOriginalAmt |
| Balance Due | $110,000 | BalanceDueAmt |
| Note | 2020-04 | NoteDt |
| Repayment Terms | NONE | RepaymentTermsTxt |
| Security Provided Borrower | NONE | SecurityProvidedBorrowerTxt |
| Loan Purpose | PERSONAL LOAN | LoanPurposeTxt |
| Consideration FMV | $110,000 | ConsiderationFMVAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT TAXES/LICENSES | CategoryTxt |
| Amt | $50 | Amt |
Comments