GATEWOOD FOUNDATION INC: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
GATEWOOD FOUNDATION INC (EIN 20-4254147)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-03-29
IRS object ID
201910889349100301
Schema version
2018v3.1
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)
Return2019-03-29T05:25:20-07:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Owens & Owens CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12300 J L Todd DrAddressLine1Txt
CityRomeCityNm
State AbbreviationGAStateAbbreviationCd
ZIP301615065ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN204254147EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GATEWOOD FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGATEBusinessNameControlTxt
Phone7707490180PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 897AddressLine1Txt
CityCEDARTOWNCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30125ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDEBORAH S FREEMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7707490180PhoneNum
Signature2019-03-20SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSAMANTHA TEWPreparerPersonNm
PTINP01414051PTIN
Phone7062355222PhoneNum
Preparation2019-03-29PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address50.243.200.205IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-03-29IPDt
IP Tm05:25:16IPTm
IP TimezonePDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id08E108191FD5EB1DA4A7FCF323D378C068F9A8FBAtSubmissionCreationDeviceId
At Submission Filing Device Id7515127E360CC9042E7BC0E8D5C18BA67B9E02C1AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$25,090FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$780DividendsRevAndExpnssAmt
Dividends Net Invst Incm$780DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Gross Profit Rev And Expnss$0GrossProfitRevAndExpnssAmt
Other Income Rev And Expnss$0OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$780TotalRevAndExpnssAmt
Total Net Invst Incm$780TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$0LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$195AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$195AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$0OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$55TaxesRevAndExpnssAmt
Taxes Net Invst Incm$25TaxesNetInvstIncmAmt
Deprec And Dpltn Rev And Expnss$0DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$0OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$250TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$220TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,750TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$220TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$970ExcessRevenueOverExpensesAmt
Net Investment Income$560NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$2,384SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,415SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,415SavAndTempCashInvstEOYFMVAmt
Rcvbl From Officers EOY$0RcvblFromOfficersEOYAmt
Other Nts And Loans Rcvbl EOY$0OtherNtsAndLoansRcvblEOYAmt
Corporate Stock BOY$22,940CorporateStockBOYAmt
Corporate Stock EOY$23,675CorporateStockEOYAmt
Corporate Stock EOYFMV$23,675CorporateStockEOYFMVAmt
Land Bldg Investments EOY$0LandBldgInvestmentsEOYAmt
Other Investments EOY$0OtherInvestmentsEOYAmt
Land EOY$0LandEOYAmt
Other Assets BOY$0OtherAssetsBOYAmt
Other Assets EOY$0OtherAssetsEOYAmt
Other Assets EOYFMV$0OtherAssetsEOYFMVAmt
Total Assets BOY$25,324TotalAssetsBOYAmt
Total Assets EOY$25,090TotalAssetsEOYAmt
Total Assets EOYFMV$25,090TotalAssetsEOYFMVAmt
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 SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$25,324CapitalStockBOYAmt
Capital Stock EOY$25,090CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$25,324TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$25,090TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$25,324TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$25,090TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$25,324TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$970ExcessRevenueOverExpensesAmt
Other Increases$736OtherIncreasesAmt
Subtotal$25,090SubtotalAmt
Tot Net Ast Or Fund Balances EOY$25,090TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Adjusted Qlfy Distri Yr1$1,750AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$24,944NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.070157DistributionYr1Rt
Adjusted Qlfy Distri Yr2$2,500AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$23,708NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.105450DistributionYr2Rt
Adjusted Qlfy Distri Yr3$2,650AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$22,816NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.116147DistributionYr3Rt
Adjusted Qlfy Distri Yr4$6,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$28,062NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.213812DistributionYr4Rt
Adjusted Qlfy Distri Yr5$4,250AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$32,713NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.129918DistributionYr5Rt
Total Distribution0.635484TotalDistributionRt
Average Distribution0.127097AverageDistributionRt
Net Vl Noncharitable Assets$24,714NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$3,141AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$6NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$3,147AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$1,500QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$11InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$11SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$11TaxBasedOnInvestmentIncomeAmt
Original Return Tax Paid$0OriginalReturnTaxPaidAmt
Tax Due$11TaxDueAmt
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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateGAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksREED FREEMANIndividualWithBooksNm
Phone7707490180PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14 N MAIN STAddressLine1Txt
CityCEDARTOWNCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30125ZIPCd
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
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
DEBORAH S FREEMAN
607 CHEROKEE RDCEDARTOWNGA30125PRESIDENT0.00$0$0$0
MOLLY F JORDAN
CHEROKEE RDCEDARTOWNGA30125SECRETARY0.00$0$0$0
JOHN R FREEMAN
607 CHEROKEE RDCEDARTOWNGA30125TREASURER0.00$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)
Description1PROVIDED FUNDS TO 501(C)(3) ORGANIZATIONSDescription1Txt
Expenses1$1,500Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$25,090FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$25,090TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$25,090AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$376CashDeemedCharitableAmt
Net Vl Noncharitable Assets$24,714NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,236MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,236MinimumInvestmentReturnAmt
Tax Based On Investment Income$11TaxBasedOnInvestmentIncomeAmt
Total Tax$11TotalTaxAmt
Distributable Before Adj$1,225DistributableBeforeAdjAmt
Distributable Before Ded$1,225DistributableBeforeDedAmt
Distributable As Adjusted$1,225DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,500ExpensesAndContributionsAmt
Qualifying Distributions$1,500QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$1,500AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,225DistributableAsAdjustedAmt
Undistributed Income PY$1,247UndistributedIncomePYAmt
Excess Distribution Cyov Yr5$948ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$4,364ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,247ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$2,500ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,750ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$10,809TotalExcessDistributionCyovAmt
Qualifying Distributions$1,500QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$1,500RemainingDistriFromCorpusAmt
Total Corpus$12,309TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$1,247Taxable2Amt
Undistributed Income CY$1,225UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$948ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$11,361ExcessDistriCyovToNextYrAmt
Excess From Year4$4,364ExcessFromYear4Amt
Excess From Year3$1,247ExcessFromYear3Amt
Excess From Year2$2,500ExcessFromYear2Amt
Excess From Year1$1,750ExcessFromYear1Amt
Excess From Current Year$1,500ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerREED DEBORAH FREEMANContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1DARLINGTON SCHOOLBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11014 CAVE SPRING RDAddressLine1Txt
CityROMECityNm
State AbbreviationGAStateAbbreviationCd
ZIP30165ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation Status501(C)RecipientFoundationStatusTxt
Grant Or Contribution PurposeEDUCATIONGrantOrContributionPurposeTxt
Amt$1,500Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Rev Part VII ProgramServiceRevPartVIIGrp

FieldValueIRS element (for citing)
DescNONEDesc
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$0TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number1LineNumberTxt
Relationship Statementn/aRelationshipStatementTxt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryOwens and Owens CPA PC TAX RETURNCategoryTxt
Amt$195Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCETERA ADVISORSStockNm
EOY Book Value$23,675EOYBookValueAmt
EOYFMV$23,675EOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDescAmtAmt
INCREASE IN MARKET VALUE$735
ROUNDING$1

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
REGISTRATION FEES$30
CETERA ACCOUNT FEE$25$25

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