BETA

CS FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
CS FOUNDATION INC (EIN 20-5862864)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-05-14
IRS object ID
202011359349102251
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 ReturnHeader

FieldValueIRS element (for citing)
Return2020-05-14T16:27:47-07:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GREGORY N GALLAGHER CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18145 TYNECASTLE DRAddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP303503512ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN205862864EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CS Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCSFOBusinessNameControlTxt
Phone7704178800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1400 Northridge RoadAddressLine1Txt
CityAtlantaCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30350ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDavid C SimpsonPersonNm
Person TitleTrusteePersonTitleTxt
Phone7704178800PhoneNum
Signature2020-05-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGregory N GallagherPreparerPersonNm
PTINP01521283PTIN
Phone7705519600PhoneNum
Preparation2020-05-14PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address24.126.131.120IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-05-14IPDt
IP Tm16:27:19IPTm
IP TimezonePDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id1A4E08DF24AAD8E8361F69AEB54F3717E9CF8487AtSubmissionCreationDeviceId
At Submission Filing Device Id1A4E08DF24AAD8E8361F69AEB54F3717E9CF8487AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$37,976,126FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$9,823,575ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$180,545InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$179,940InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$287,420DividendsRevAndExpnssAmt
Dividends Net Invst Incm$273,422DividendsNetInvstIncmAmt
Gross Rents Rev And Expnss$662,378GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$662,378GrossRentsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$842,995CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$58,117NetSTCapitalGainAdjNetIncmAmt
Gross Profit Rev And Expnss$0GrossProfitRevAndExpnssAmt
Other Income Rev And Expnss$282,652OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$282,652OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$11,236,570TotalRevAndExpnssAmt
Total Net Invst Incm$2,241,387TotalNetInvstIncmAmt
Total Adj Net Incm$58,117TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$0LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$0AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$0OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$28,235TaxesRevAndExpnssAmt
Taxes Net Invst Incm$28,235TaxesNetInvstIncmAmt
Deprec And Dpltn Rev And Expnss$0DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$44,677OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$44,049OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$72,912TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$72,284TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,390,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,462,912TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$72,284TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$9,773,658ExcessRevenueOverExpensesAmt
Net Investment Income$2,169,103NetInvestmentIncomeAmt
Adjusted Net Income$58,117AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$600,473CashBOYAmt
Cash EOY$332,364CashEOYAmt
Cash EOYFMV$332,364CashEOYFMVAmt
Rcvbl From Officers EOY$0RcvblFromOfficersEOYAmt
Other Nts And Loans Rcvbl$5,629,627OtherNtsAndLoansRcvblAmt
Other Rcvbl Allwnc Dbtfl Acct$0OtherRcvblAllwncDbtflAcctAmt
Other Nts And Loans Rcvbl BOY$7,409,096OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$5,629,627OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$5,629,627OtherNtsAndLoansRcvblEOYFMVAmt
Invst Land Cost Or Other Basis$5,450,261InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation$0InvstLandAccumDepreciationAmt
Land Bldg Investments BOY$5,704,261LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$5,450,261LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$5,450,261LandBldgInvestmentsEOYFMVAmt
Other Investments BOY$8,960,157OtherInvestmentsBOYAmt
Other Investments EOY$21,035,393OtherInvestmentsEOYAmt
Other Investments EOYFMV$23,103,818OtherInvestmentsEOYFMVAmt
Land EOY$0LandEOYAmt
Other Assets BOY$3,460,056OtherAssetsBOYAmt
Other Assets EOY$3,460,056OtherAssetsEOYAmt
Other Assets EOYFMV$3,460,056OtherAssetsEOYFMVAmt
Total Assets BOY$26,134,043TotalAssetsBOYAmt
Total Assets EOY$35,907,701TotalAssetsEOYAmt
Total Assets EOYFMV$37,976,126TotalAssetsEOYFMVAmt
Loans From Officers EOY$0LoansFromOfficersEOYAmt
Mortgages And Notes Payable EOY$0MortgagesAndNotesPayableEOYAmt
Other Liabilities BOY$0OtherLiabilitiesBOYAmt
Other Liabilities EOY$0OtherLiabilitiesEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$26,134,043CapitalStockBOYAmt
Capital Stock EOY$35,907,701CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$26,134,043TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$35,907,701TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$26,134,043TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$35,907,701TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$26,134,043TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$9,773,658ExcessRevenueOverExpensesAmt
Subtotal$35,907,701SubtotalAmt
Tot Net Ast Or Fund Balances EOY$35,907,701TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtDepreciationDepreciationAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtFMV As Of123169FMVAsOf123169AmtAdjusted Basis As Of123169AdjustedBasisAsOf123169AmtExcess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Vanguard Account 59346248-Short TermP2019-12-312019-12-31$987,596$0$929,479$58,117$0$0$0$58,117
Vanguard Account 59346248-Long TermP2016-12-312019-12-31$6,146,668$0$5,407,254$739,414$0$0$0$739,414
Vanguard Account 59346248-Capital Gain DistributionsP2016-12-312019-12-31$28,807$0$0$28,807$0$0$0$28,807
1996 Westland Dr, Cleveland TN SaleD2016-08-312019-09-20$285,000$0$268,250$16,750$0$0$0$16,750
Magellan Midstream Partners LPP2018-12-312019-12-31$0$0$1-$1$0$0$0-$1
Energy Transfer Partners LPP2018-12-312019-12-31$0$0$92-$92$0$0$0-$92
FieldValueIRS element (for citing)
Capital Gain Net Income$842,995CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$58,117NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$761,460AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$0NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.000000DistributionYr1Rt
Adjusted Qlfy Distri Yr2$331,143AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$0NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.000000DistributionYr2Rt
Adjusted Qlfy Distri Yr3$223,492AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$858,972NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.260185DistributionYr3Rt
Adjusted Qlfy Distri Yr4$35,001AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$651,617NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.053714DistributionYr4Rt
Adjusted Qlfy Distri Yr5$15,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$741,933NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.020217DistributionYr5Rt
Total Distribution0.334116TotalDistributionRt
Average Distribution0.066823AverageDistributionRt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$0AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$21,691NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$21,691AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$43,382InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$43,382SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$43,382TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$32,000EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$32,000TotalPaymentsAndCreditsAmt
Original Return Tax Paid$32,000OriginalReturnTaxPaidAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$103EsPenaltyAmt
Tax Due$11,485TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksDavid SimpsonIndividualWithBooksNm
Phone7704178800PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1400 Northridge Road Suite 255AddressLine1Txt
CityAtlantaCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30350ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppYes (true)UndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
David Simpson
400 Northridge Road Suite 255AtlantaGA30350President, Director0.00$0$0$0
Larry Ray Eskew
4180 Old Freewill Road NWClevelandTN37312Secretary, Director0.00$0$0$0
Larry Ray Eskew
4180 Old Freewill Road NWClevelandTN37312Treasurer, Director0.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1Contribution to University of TN-John Tummins ScholarshipDescription1Txt
Expenses1$100,000Expenses1Amt
Description2Contribution to Emory Winship Cancer InstituteDescription2Txt
Expenses2$250,000Expenses2Amt
Description3Contribution to Salvation ArmyDescription3Txt
Expenses3$100,000Expenses3Amt
Description4Contribution to University of Tennessee Carlos and Winnie Simpson ScholarshipDescription4Txt
Expenses4$400,000Expenses4Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$0MinimumInvestmentReturnAmt
Tax Based On Investment Income$43,382TaxBasedOnInvestmentIncomeAmt
Total Tax$43,382TotalTaxAmt
Distributable Before Adj$0DistributableBeforeAdjAmt
Distributable Before Ded$0DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$0AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$0ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$0ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$151,326ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$337,050ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$793,432ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,281,808TotalExcessDistributionCyovAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Total Corpus$1,281,808TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,281,808ExcessDistriCyovToNextYrAmt
Excess From Year4$0ExcessFromYear4Amt
Excess From Year3$151,326ExcessFromYear3Amt
Excess From Year2$337,050ExcessFromYear2Amt
Excess From Year1$793,432ExcessFromYear1Amt
Excess From Current Year$0ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNoneContributingManagerNm
Shareholder ManagerNoneShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (23 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Winship Cancer Institute of Emory University
1762 Clifton Road STE 1400AtlantaGA30322EOFCharitable$250,000
Carlos and Winnie Simpson Scholarship Endowment
University of TennesseeKnoxvilleTN37996GOVCharitable$400,000
Chattanooga Rescue Mission
1512 South Holtzclaw AvenueChattanoogaTN37404PCCharitable$5,000
St Jude Children's Research Hospital
501 St Jude PlaceMemphisTN38105PCCharitable$50,000
7th Well Ministries
P O Box 22481ChattanoogaTN37422PCCharitable$0
University of TN-John Tummins Scholarship
University of TennesseeKnoxvilleTN37996GOVCharitable$100,000
Autism Breakthrough of Knoxville
900 E Hill Avenue Suite 145KnoxvilleTN37915PCCharitable$40,000
Shepherd Spinal Center
2020 Peachtree Road NWAtlantaGA30305PCCharitable$50,000
Eagles Landing Worship Center
111 Industrial Way SWClevelandTN37311PCCharitable$0
Dyslexia Resource Trust
282 Mt Paran Road NWAtlantaGA30327PCCharitable$0
Cleveland State Community College Foundation
P O Box 3570/3535 Adkinson DriveClevelandTN37320GOVCharitable$0
United Way of Ocoee Region
85 Ocoee Street SEClevelandTN37364PCCharitable$0
Family Cornerstones Inc
2810 Westside Drive Suite EClevelandTN37320PCCharitable$30,000
The Caring Place-Life and Redemption Ministries
130 Wildwood AvenueClevelandTN37320PCCharitable$40,000
Bradley Cleveland Public Education Foundation
P O Box 4354ClevelandTN37320EOFCharitable$40,000
Salvation Army
822 McCallie AvenueChattanoogaTN37403PCCharitable$100,000
Boys & Girls Club
740 West Church StreetGreenevilleTN37744PCCharitable$50,000
Friends of the Greenway
P O Box 2730ClevelandTN37320PCCharitable$10,000
The Refuge
1075 Blythe Ave Suite 8ClevelandTN37311PCCharitable$100,000
Ronald McDonald House
200 Central AvenueChattanoogaTN37403PCCharitable$40,000
Dept of Neurology Emory University
201 Dowman DriveAtlantaGA30322EOFCharitable$50,000
McCallie School
500 Dodds AvenueChattanoogaTN37404EOFCharitable$25,000
Ollie Otter Child Safety Foundation
213 5th Ave NorthNashvilleTN37219PCCharitable$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,390,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$180,545ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$287,420ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$0ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$467,965ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$467,965TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1Claude S Simpson EstateBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1400 Northridge Road Suite 255AddressLine1Txt
CityAtlantaCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30350ZIPCd
FieldValueIRS element (for citing)
Total Contributions$9,823,575TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp

FieldValueIRS element (for citing)
Category Or ItemLand from Claude Simpson Estate per Sch B detail.CategoryOrItemTxt
Cost Or Other Basis$5,450,261CostOrOtherBasisAmt
Accumulated Depreciation$0AccumulatedDepreciationAmt
Book Value$5,450,261BookValueAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (4 entries)

Category Or ItemCategoryOrItemTxtBook ValueBookValueAmtEOYFMVEOYFMVAmt
Vanguard Brokerage Account 59346248$19,440,752$21,509,177
Bradley Co. Financial Stock$350,000$350,000
First Citizens Stock$1,118,220$1,118,220
South Mouse Creek Mitigation LLC$126,421$126,421

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescLoan to Claude Simpson Estate for Norcross GroupDesc
BOY Book Value$3,460,056BOYBookValueAmt
EOY Book Value$3,460,056EOYBookValueAmt
EOYFMV$3,460,056EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Insurance on Real Estate$7,736$7,736
Office Expenses$628$0
Property Expenses$6,067$6,067
Loss from South Mouse Creek Mitigation$1,140$1,140
Loss from Energy Transfer LP$11,237$11,237
Loss from Magellan Midstream Partners LP$17,263$17,263
Real Estate Loss from Energy Transfer LP$8$8
Other Deductions from Energy Transfer LP$581$581
Other Deductions from Magellan Midstream Partners LP$17$17

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Interest Income- SCC ST Note$163,439$163,439
Interest Income- Ross ST Note$110,066$110,066
Interest Income- Ricky Stanton$2,890$2,890
Hay Sales/Other Income$6,000$6,000
Income- Antero Midstream Partners LP$257$257

Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch

Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp (3 entries)

Insider RelationshipInsiderRelationshipTxtLoan OriginalLoanOriginalAmtBalance DueBalanceDueAmtNoteNoteDtLoan MaturityLoanMaturityDtRepayment TermsRepaymentTermsTxtInterestInterestRtSecurity Provided BorrowerSecurityProvidedBorrowerTxtLoan PurposeLoanPurposeTxtLender ConsiderationLenderConsiderationDescConsideration FMVConsiderationFMVAmt
Summers Taylor
No relationship- Arm's Length Transaction$5,000,000$3,333,3332018-032023-03Five Years- Monthly Principal and Interest0.04500000Assets of BorrowerNote Upon Sale of BusinessAssets of Borrower$3,333,333
Summers Taylor
No relationship- Arm's Length Transaction$3,200,000$2,240,0002018-052023-05Five Years- Monthly Principal and Interest0.04500000Assets of BorrowerNote Upon Sale of BusinessAssets of Borrower$2,240,000
Ricky Stanton
No relationship- Arm's Length Transaction$70,000$56,2942018-092023-09Five Years- Monthly Principal and Interest0.050000001685 6th Street, NE, Cleveland, TNNote Upon Sale of Real Estate1685 6th Street, NE, Cleveland, TN$56,294

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryProperty TaxesCategoryTxt
Amt$28,235Amt
Net Investment Income$28,235NetInvestmentIncomeAmt

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