GRACE GRAVES HUGGINS FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- GRACE GRAVES HUGGINS FOUNDATION (EIN 52-6854449)
- Tax period
- 2024-06-01 to 2025-05-31
- Filed
- 2025-09-24
- IRS object ID
- 202502679349100015
- Schema version
- 2024v5.2
- 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
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-09-24T12:36:20-07:00 | ReturnTs |
| Tax Period End | 2025-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 562228380 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | J Michael Fargis & Associates LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1826 | AddressLine1Txt |
| City | Reidsville | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27323 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 526854449 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Grace Graves Huggins Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GRAC | BusinessNameControlTxt |
| Phone | 9204958843 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O Box 349 | AddressLine1Txt |
| City | Egg Harbor | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54209 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Shaun Huggins | PersonNm |
| Person Title | Trustee | PersonTitleTxt |
| Phone | 9204958843 | PhoneNum |
| Signature | 2025-09-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Marie F Martin | PreparerPersonNm |
| PTIN | P00629714 | PTIN |
| Phone | 3363494372 | PhoneNum |
| Preparation | 2025-09-24 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $396,380 | 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 | $2,226 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $2,226 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $2,226 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $6,862 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $6,862 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $6,862 | DividendsAdjNetIncmAmt |
| Cap Gain Net Incm Net Invst Incm | $296,482 | CapGainNetIncmNetInvstIncmAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $0 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $9,088 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $305,570 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $9,088 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $0 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $595 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $300 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $300 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $300 | OtherProfFeesAdjNetIncmAmt |
| Taxes Rev And Expnss | $99 | TaxesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $0 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $994 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $300 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $300 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,494 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $300 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $300 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $0 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $6,594 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $305,270 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $8,788 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $29,170 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $396,380 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $396,380 | SavAndTempCashInvstEOYFMVAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Corporate Stock BOY | $64,134 | CorporateStockBOYAmt |
| Corporate Stock EOY | $0 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $0 | CorporateStockEOYFMVAmt |
| Land Bldg Investments EOY | $0 | LandBldgInvestmentsEOYAmt |
| Other Investments EOY | $0 | OtherInvestmentsEOYAmt |
| Land EOY | $0 | LandEOYAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $93,304 | TotalAssetsBOYAmt |
| Total Assets EOY | $396,380 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $396,380 | 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 | $93,304 | CapitalStockBOYAmt |
| Capital Stock EOY | $396,380 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $93,304 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $396,380 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $93,304 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $396,380 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $93,304 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $6,594 | ExcessRevenueOverExpensesAmt |
| Other Increases | $296,482 | OtherIncreasesAmt |
| Subtotal | $396,380 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $396,380 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (47 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 50 shares-Altria Group | P | 2003-10-07 | 2025-03-31 | $2,923 | $0 | $520 | $2,403 | $0 | $0 | $0 | $2,403 |
| 50 shares-Altria Group | P | 2003-12-22 | 2025-03-31 | $2,923 | $0 | $630 | $2,293 | $0 | $0 | $0 | $2,293 |
| 60 shares-Abbvie Inc | P | 2003-10-07 | 2025-03-31 | $12,352 | $0 | $1,234 | $11,118 | $0 | $0 | $0 | $11,118 |
| 60 shares-Abbvie Inc | P | 2003-10-29 | 2025-03-31 | $12,352 | $0 | $1,235 | $11,117 | $0 | $0 | $0 | $11,117 |
| 120 shares-Abbvie Inc | P | 2013-01-11 | 2025-03-31 | $24,704 | $0 | $4,137 | $20,567 | $0 | $0 | $0 | $20,567 |
| 70 shares-Boeing Company | P | 2003-10-07 | 2025-03-31 | $11,872 | $0 | $2,509 | $9,363 | $0 | $0 | $0 | $9,363 |
| 60 shares-Carrier Global Corp | P | 2003-10-07 | 2025-03-31 | $3,704 | $0 | $418 | $3,286 | $0 | $0 | $0 | $3,286 |
| 60 shares-Carrier Global Corp | P | 2003-10-29 | 2025-03-31 | $3,704 | $0 | $435 | $3,269 | $0 | $0 | $0 | $3,269 |
| 62 shares-Coca Cola | P | 2002-05-09 | 2025-03-31 | $4,360 | $0 | $1,752 | $2,608 | $0 | $0 | $0 | $2,608 |
| 58 shares-Coca Cola | P | 2003-10-07 | 2025-03-31 | $4,079 | $0 | $1,298 | $2,781 | $0 | $0 | $0 | $2,781 |
| 80 shares-Coca Cola | P | 2003-12-22 | 2025-03-31 | $5,626 | $0 | $1,993 | $3,633 | $0 | $0 | $0 | $3,633 |
| 110 shares-Colgate Palmolive | P | 2003-12-22 | 2025-03-31 | $10,181 | $0 | $2,717 | $7,464 | $0 | $0 | $0 | $7,464 |
| 90 shares-Colgate Palmolive | P | 1998-04-16 | 2025-03-31 | $8,330 | $0 | $1,842 | $6,488 | $0 | $0 | $0 | $6,488 |
| 65 shares-Disney Co | P | 2003-12-22 | 2025-03-31 | $6,269 | $0 | $1,487 | $4,782 | $0 | $0 | $0 | $4,782 |
| 60 shares-Intl Paper Co | P | 2003-10-07 | 2025-03-31 | $3,146 | $0 | $2,183 | $963 | $0 | $0 | $0 | $963 |
| 40 shares-Intl Paper Co | P | 2003-10-29 | 2025-03-31 | $2,097 | $0 | $1,445 | $652 | $0 | $0 | $0 | $652 |
| 70 shares-JP Morgan Chase | P | 2003-10-29 | 2025-03-31 | $16,921 | $0 | $2,499 | $14,422 | $0 | $0 | $0 | $14,422 |
| 44 shares-Johnson and Johnson | P | 2000-10-31 | 2025-03-31 | $7,244 | $0 | $2,025 | $5,219 | $0 | $0 | $0 | $5,219 |
| 18 shares-Johnson and Johnson | P | 2001-08-01 | 2025-03-31 | $2,964 | $0 | $967 | $1,997 | $0 | $0 | $0 | $1,997 |
| 5 shares-Johnson and Johnson | P | 2001-09-24 | 2025-03-31 | $823 | $0 | $262 | $561 | $0 | $0 | $0 | $561 |
| 17 shares-Johnson and Johnson | P | 2001-09-26 | 2025-03-31 | $2,799 | $0 | $903 | $1,896 | $0 | $0 | $0 | $1,896 |
| 11 shares-Johnson and Johnson | P | 2002-05-09 | 2025-03-31 | $1,811 | $0 | $674 | $1,137 | $0 | $0 | $0 | $1,137 |
| 7 shares-Johnson and Johnson | P | 2002-12-02 | 2025-03-31 | $1,153 | $0 | $382 | $771 | $0 | $0 | $0 | $771 |
| 34 shares-Mondelez International | P | 2003-10-07 | 2025-03-31 | $2,243 | $0 | $328 | $1,915 | $0 | $0 | $0 | $1,915 |
| 35 shares-Mondelez International | P | 2003-12-22 | 2025-03-31 | $2,309 | $0 | $401 | $1,908 | $0 | $0 | $0 | $1,908 |
| 100 shares-McDonalds Corp | P | 2003-10-07 | 2025-03-31 | $30,754 | $0 | $2,452 | $28,302 | $0 | $0 | $0 | $28,302 |
| 100 shares-McDonalds Corp | P | 2003-10-29 | 2025-03-31 | $30,754 | $0 | $2,445 | $28,309 | $0 | $0 | $0 | $28,309 |
| 40 shares-Microsoft Corp | P | 2000-09-07 | 2025-03-31 | $14,804 | $0 | $1,411 | $13,393 | $0 | $0 | $0 | $13,393 |
| 16 shares-Microsoft Corp | P | 2000-09-08 | 2025-03-31 | $5,921 | $0 | $558 | $5,363 | $0 | $0 | $0 | $5,363 |
| 25 shares-Microsoft Corp | P | 2003-10-29 | 2025-03-31 | $9,252 | $0 | $671 | $8,581 | $0 | $0 | $0 | $8,581 |
| 60 shares-Microsoft Corp | P | 1999-03-02 | 2025-03-31 | $22,205 | $0 | $2,268 | $19,937 | $0 | $0 | $0 | $19,937 |
| 50 shares-Microsoft Corp | P | 1999-04-30 | 2025-03-31 | $18,504 | $0 | $2,052 | $16,452 | $0 | $0 | $0 | $16,452 |
| 30 shares-Otis Worldwide Corp | P | 2003-10-07 | 2025-03-31 | $3,017 | $0 | $626 | $2,391 | $0 | $0 | $0 | $2,391 |
| 30 shares-Otis Worldwide Corp | P | 2003-10-29 | 2025-03-31 | $3,017 | $0 | $651 | $2,366 | $0 | $0 | $0 | $2,366 |
| 50 shares-Philip Morris Intl Inc | P | 2003-10-07 | 2025-03-31 | $7,844 | $0 | $1,185 | $6,659 | $0 | $0 | $0 | $6,659 |
| 50 shares-Philip Morris Intl Inc | P | 2003-12-22 | 2025-03-31 | $7,844 | $0 | $1,435 | $6,409 | $0 | $0 | $0 | $6,409 |
| 20 shares-Procter & Gamble Co | P | 2002-05-09 | 2025-03-31 | $3,373 | $0 | $922 | $2,451 | $0 | $0 | $0 | $2,451 |
| 16 shares-Procter & Gamble Co | P | 2002-05-10 | 2025-03-31 | $2,698 | $0 | $739 | $1,959 | $0 | $0 | $0 | $1,959 |
| 14 shares-Procter & Gamble Co | P | 2002-08-16 | 2025-03-31 | $2,361 | $0 | $631 | $1,730 | $0 | $0 | $0 | $1,730 |
| 50 shares-Procter & Gamble Co | P | 2003-12-22 | 2025-03-31 | $8,433 | $0 | $2,440 | $5,993 | $0 | $0 | $0 | $5,993 |
| 5.36 shares-Sylvamo Corp | P | 2003-10-07 | 2025-03-31 | $340 | $0 | $121 | $219 | $0 | $0 | $0 | $219 |
| 3.64 shares-Sylvamo Corp | P | 2003-10-29 | 2025-03-31 | $231 | $0 | $81 | $150 | $0 | $0 | $0 | $150 |
| 75 shares-Verizon Communications | P | 2003-10-07 | 2025-03-31 | $3,324 | $0 | $2,236 | $1,088 | $0 | $0 | $0 | $1,088 |
| 75 shares-Verizon Communications | P | 2003-12-22 | 2025-03-31 | $3,324 | $0 | $2,310 | $1,014 | $0 | $0 | $0 | $1,014 |
| 78 shares-Walmart Inc | P | 2001-04-10 | 2025-03-31 | $6,689 | $0 | $1,329 | $5,360 | $0 | $0 | $0 | $5,360 |
| 135 shares-Walmart Inc | P | 2003-12-22 | 2025-03-31 | $11,577 | $0 | $2,385 | $9,192 | $0 | $0 | $0 | $9,192 |
| 87 shares-Walmart Inc | P | 1998-07-29 | 2025-03-31 | $7,461 | $0 | $910 | $6,551 | $0 | $0 | $0 | $6,551 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $296,482 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,243 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $4,243 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $4,243 | TaxBasedOnInvestmentIncomeAmt |
| Original Return Tax Paid | $0 | OriginalReturnTaxPaidAmt |
| Tax Due | $4,243 | TaxDueAmt |
| Applied To ES Tax | $0 | 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 | false | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MD | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | false | 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 | Shaun Huggins | IndividualWithBooksNm |
| Phone | 9204958843 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O Box 349 | AddressLine1Txt |
| City | Egg Harbor | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54209 | 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 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 |
|---|---|---|---|---|---|---|---|---|
| Shaun G Huggins | ||||||||
| P O Box 349 | Egg Harbor | WI | 54209 | Trustee | 0.25 | $0 | $0 | $0 |
| Michael H Pressley | ||||||||
| 436 Pressley Rd | Hendersonville | NC | 28739 | Trustee | 0.25 | $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 |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $298,796 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $91,782 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $390,578 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $390,578 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $5,859 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $384,719 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $19,236 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $19,236 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4,243 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,243 | TotalTaxAmt |
| Distributable Before Adj | $14,993 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $14,993 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $14,993 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $0 | ExpensesAndContributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $14,993 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $41,000 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $31,000 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $0 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $0 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $72,000 | TotalExcessDistributionCyovAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $72,000 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $14,993 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $41,000 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $31,000 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $31,000 | ExcessFromYear4Amt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $0 | 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 (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| Mars Hill University | ||||||
| P O Box 370 | Mars Hill | NC | 28754 | 501(c)3 | Scholarships | $1,000 |
| Mount Jubilee Ministries Inc | ||||||
| P O Box 81 | Reidsville | NC | 27323 | 501(c)3 | Support for specialneeds community | $500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,500 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,226 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,862 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $296,482 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $305,570 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $305,570 | 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 | 3,4,8 | LineNumberTxt |
| Relationship Statement | Funds for scholarships | RelationshipStatementTxt |
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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | J. Michael Fargis & Assoc. Accounting | CategoryTxt |
| Amt | $595 | Amt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Gain on sale of publicly traded securities | Desc |
| Amt | $296,482 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Merrill Lynch Investment fees | CategoryTxt |
| Amt | $300 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | 990-PF tax due-2023 | CategoryTxt |
| Amt | $99 | Amt |
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