CS FOUNDATION INC: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- CS FOUNDATION INC (EIN 20-5862864)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-05-06
- IRS object ID
- 201921269349100712
- 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
- Form 990-PF
- Schedule B
- Investments Land Schedule2
- Investments Other Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Notes Loans Rcvbl Long Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-05-06T08:52:03-07:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREGORY N GALLAGHER CPA PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8145 TYNECASTLE DR | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 303503512 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 205862864 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CS Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CSFO | BusinessNameControlTxt |
| Phone | 7704178800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 Northridge Road | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30350 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | David C Simpson | PersonNm |
| Person Title | Trustee | PersonTitleTxt |
| Phone | 7704178800 | PhoneNum |
| Signature | 2019-05-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Gregory N Gallagher | PreparerPersonNm |
| PTIN | P01521283 | PTIN |
| Phone | 7705519600 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 24.126.131.120 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-05-06 | IPDt |
| IP Tm | 08:51:50 | IPTm |
| IP Timezone | PD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 1A4E08DF24AAD8E8361F69AEB54F3717E9CF8487 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 1A4E08DF24AAD8E8361F69AEB54F3717E9CF8487 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $26,742,808 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $4,000,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $202,040 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $202,040 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $244,775 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $244,775 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $1,698,839 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $1,698,839 | GrossRentsNetInvstIncmAmt |
| Cap Gain Net Incm Net Invst Incm | $898,375 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $186,041 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $186,041 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $6,331,695 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,230,070 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $0 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $0 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $0 | OtherProfFeesRevAndExpnssAmt |
| Taxes Rev And Expnss | $31,621 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $31,621 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $1,242 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $1,242 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $32,863 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $32,863 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $768,432 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $793,432 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $801,295 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $32,863 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $793,432 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $5,530,400 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,197,207 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $2,289,778 | CashBOYAmt |
| Cash EOY | $600,473 | CashEOYAmt |
| Cash EOYFMV | $600,473 | CashEOYFMVAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Other Nts And Loans Rcvbl | $7,409,096 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $0 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $7,409,096 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $7,409,096 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Invst Land Cost Or Other Basis | $5,704,261 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $0 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $6,249,150 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $5,704,261 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $5,704,261 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $12,064,715 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $8,960,157 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $9,568,922 | OtherInvestmentsEOYFMVAmt |
| Land EOY | $0 | LandEOYAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $3,460,056 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $3,460,056 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $20,603,643 | TotalAssetsBOYAmt |
| Total Assets EOY | $26,134,043 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $26,742,808 | 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 SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $20,603,643 | CapitalStockBOYAmt |
| Capital Stock EOY | $26,134,043 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $20,603,643 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $26,134,043 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $20,603,643 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $26,134,043 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $20,603,643 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $5,530,400 | ExcessRevenueOverExpensesAmt |
| Subtotal | $26,134,043 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $26,134,043 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Vanguard Brokerage Account 59346248-Short Term | D | 2018-12-01 | 2018-12-31 | $9,365,476 | $0 | $9,430,236 | -$64,760 | $0 | $0 | $0 | -$64,760 |
| Vanguard Brokerage Account 59346248-Long Term | D | 2016-12-30 | 2018-12-31 | $6,903,847 | $0 | $6,128,228 | $775,619 | $0 | $0 | $0 | $775,619 |
| Strawberry Plains | D | 2016-08-31 | 2018-02-01 | $65,000 | $0 | $42,250 | $22,750 | $0 | $0 | $0 | $22,750 |
| 1675 Overhead Bridge Road to David Gilbert | D | 2016-08-31 | 2018-05-18 | $600,000 | $0 | $411,810 | $188,190 | $0 | $0 | $0 | $188,190 |
| Talledega Proceeds | D | 2016-08-31 | 2018-05-31 | $55,000 | $0 | $62,424 | -$7,424 | $0 | $0 | $0 | -$7,424 |
| 1685 6th Street | D | 2016-08-31 | 2018-08-07 | $70,000 | $0 | $86,000 | -$16,000 | $0 | $0 | $0 | -$16,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $898,375 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$64,760 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $331,143 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $0 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.000000 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $223,492 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $858,972 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.260185 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $35,001 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $651,617 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.053714 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $15,000 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $741,933 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.020217 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $49,472 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $669,859 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.073854 | DistributionYr5Rt |
| Total Distribution | 0.407970 | TotalDistributionRt |
| Average Distribution | 0.081594 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $0 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $0 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $31,972 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $31,972 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $793,432 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $31,972 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $31,972 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $31,972 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $5,484 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $5,484 | TotalPaymentsAndCreditsAmt |
| Original Return Tax Paid | $5,484 | OriginalReturnTaxPaidAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $10 | EsPenaltyAmt |
| Tax Due | $26,498 | 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 | 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 | Yes (true) | 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 | David Simpson | IndividualWithBooksNm |
| Phone | 7704178800 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 Northridge Road Suite 255 | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30350 | 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 |
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 |
|---|---|---|---|---|---|---|---|---|
| David Simpson | ||||||||
| 400 Northridge Road Suite 255 | Atlanta | GA | 30350 | President, Director | 0.00 | $0 | $0 | $0 |
| Larry Ray Eskew | ||||||||
| 4180 Old Freewill Road NW | Cleveland | TN | 37312 | Secretary, Director | 0.00 | $0 | $0 | $0 |
| Larry Ray Eskew | ||||||||
| 4180 Old Freewill Road NW | Cleveland | TN | 37312 | Treasurer, Director | 0.00 | $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 | Contribution to University of TN-John Tummins Scholarship | Description1Txt |
| Expenses1 | $75,000 | Expenses1Amt |
| Description2 | Contribution to Emory Winship Cancer Institute | Description2Txt |
| Expenses2 | $200,000 | Expenses2Amt |
| Description3 | Contribution to Cleveland State Community College Foundation | Description3Txt |
| Expenses3 | $71,432 | Expenses3Amt |
| Description4 | Contribution to University of Tennessee Carlos and Winnie Simpson Scholarship | Description4Txt |
| Expenses4 | $250,000 | Expenses4Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $0 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $0 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $0 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $0 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $0 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $0 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $0 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $31,972 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $31,972 | TotalTaxAmt |
| Distributable Before Adj | $0 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $0 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $793,432 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $793,432 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $31,972 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $761,460 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $0 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $0 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $0 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $151,326 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $337,050 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $488,376 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $793,432 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Remaining Distri From Corpus | $793,432 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,281,808 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,281,808 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $0 | ExcessFromYear4Amt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $151,326 | ExcessFromYear2Amt |
| Excess From Year1 | $337,050 | ExcessFromYear1Amt |
| Excess From Current Year | $793,432 | 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 (16 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| Winship Cancer Institute of Emory University | ||||||
| 1762 Clifton Road STE 1400 | Atlanta | GA | 30322 | EOF | Charitable | $200,000 |
| Carlos and Winnie Simpson Scholarship Endowment | ||||||
| University of Tennessee | Knoxville | TN | 37996 | GOV | Charitable | $250,000 |
| Chattanooga Rescue Mission | ||||||
| 1512 South Holtzclaw Avenue | Chattanooga | TN | 37404 | PC | Charitable | $4,000 |
| St Jude Children's Research Hospital | ||||||
| 501 St Jude Place | Memphis | TN | 38105 | PC | Charitable | $25,000 |
| 7th Well Ministries | ||||||
| P O Box 22481 | Chattanooga | TN | 37422 | PC | Charitable | $5,000 |
| University of TN-John Tummins Scholarship | ||||||
| University of Tennessee | Knoxville | TN | 37996 | GOV | Charitable | $75,000 |
| Autism Breakthrough of Knoxville | ||||||
| 900 E Hill Avenue Suite 145 | Knoxville | TN | 37915 | PC | Charitable | $25,000 |
| Shepherd Spinal Center | ||||||
| 2020 Peachtree Road NW | Atlanta | GA | 30305 | PC | Charitable | $25,000 |
| Eagles Landing Worship Center | ||||||
| 111 Industrial Way SW | Cleveland | TN | 37311 | PC | Charitable | $0 |
| Dyslexia Resource Trust | ||||||
| 282 Mt Paran Road NW | Atlanta | GA | 30327 | PC | Charitable | $25,000 |
| Cleveland State Community College Foundation | ||||||
| P O Box 3570/3535 Adkinson Drive | Cleveland | TN | 37320 | GOV | Charitable | $71,432 |
| United Way of Ocoee Region | ||||||
| 85 Ocoee Street SE | Cleveland | TN | 37364 | PC | Charitable | $3,000 |
| Family Cornerstones Inc | ||||||
| 2810 Westside Drive Suite E | Cleveland | TN | 37320 | PC | Charitable | $15,000 |
| The Caring Place-Life and Redemption Ministries | ||||||
| 130 Wildwood Avenue | Cleveland | TN | 37320 | PC | Charitable | $15,000 |
| Bradley Cleveland Public Education Foundation | ||||||
| P O Box 4354 | Cleveland | TN | 37320 | EOF | Charitable | $20,000 |
| Salvation Army | ||||||
| 822 McCallie Avenue | Chattanooga | TN | 37403 | PC | Charitable | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $768,432 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $202,040 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $244,775 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $446,815 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $446,815 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Claude S Simpson Estate | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 Northridge Road Suite 255 | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30350 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $4,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Land from Claude Simpson Estate per Sch B detail. | CategoryOrItemTxt |
| Cost Or Other Basis | $5,704,261 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $0 | AccumulatedDepreciationAmt |
| Book Value | $5,704,261 | BookValueAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Vanguard Brokerage Account 59346248 | CategoryOrItemTxt |
| Book Value | $8,960,157 | BookValueAmt |
| EOYFMV | $9,568,922 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Loan to Claude Simpson Estate for Norcross Group | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $3,460,056 | EOYBookValueAmt |
| EOYFMV | $3,460,056 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Insurance on Real Estate | Desc |
| Revenue And Expenses Per Books | $1,242 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $1,242 | NetInvestmentIncomeAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Interest Income- SCC ST Note | $124,343 | $124,343 |
| Interest Income- Ross ST Note | $59,654 | $59,654 |
| Interest Income- Ricky Stanton | $994 | $994 |
| Hunting Permits | $1,050 | $1,050 |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp (3 entries)
| Insider RelationshipInsiderRelationshipTxt | Loan OriginalLoanOriginalAmt | Balance DueBalanceDueAmt | NoteNoteDt | Loan MaturityLoanMaturityDt | Repayment TermsRepaymentTermsTxt | InterestInterestRt | Security Provided BorrowerSecurityProvidedBorrowerTxt | Loan PurposeLoanPurposeTxt | Lender ConsiderationLenderConsiderationDesc | Consideration FMVConsiderationFMVAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| Summers Taylor | ||||||||||
| No relationship- Arm's Length Transaction | $5,000,000 | $4,416,667 | 2018-03 | 2023-03 | Five Years- Monthly Principal and Interest | 0.04500000 | Assets of Borrower | Note Upon Sale of Business | Assets of Borrower | $4,416,667 |
| Summers Taylor | ||||||||||
| No relationship- Arm's Length Transaction | $3,200,000 | $2,933,333 | 2018-05 | 2023-05 | Five Years- Monthly Principal and Interest | 0.04500000 | Assets of Borrower | Note Upon Sale of Business | Assets of Borrower | $2,933,333 |
| Ricky Stanton | ||||||||||
| No relationship- Arm's Length Transaction | $70,000 | $59,096 | 2018-08 | 2023-09 | Five Years- Monthly Principal and Interest | 0.05000000 | 1685 6th Street, NE, Cleveland, TN | Note Upon Sale of Real Estate | 1685 6th Street, NE, Cleveland, TN | $59,096 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Property Taxes | CategoryTxt |
| Amt | $31,621 | Amt |
| Net Investment Income | $31,621 | NetInvestmentIncomeAmt |
Comments