THE TEASLEY FOUNDATION INC: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
THE TEASLEY FOUNDATION INC (EIN 03-0493692)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-07-25
IRS object ID
201922069349100312
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)
Return2019-07-25T15:57:03-05:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN743106418PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DAN LEE & ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1836 SYCAMORE STAddressLine1Txt
CityDECATURCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30030ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN030493692EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE TEASLEY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTEASBusinessNameControlTxt
Phone4043324152PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1115AddressLine1Txt
CityCANTONCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30169ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM A TEASLEYPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone4043324152PhoneNum
Signature2019-07-05SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIEL C LEEPreparerPersonNm
PTINP00019102PTIN
Phone4043719846PhoneNum
Preparation2019-07-02PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address167.68.16.49IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-07-25IPDt
IP Tm15:57:03IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA0BFC1D7EEB97DFC8E3018F2B497D4275FCE6DAAtSubmissionCreationDeviceId
At Submission Filing Device IdBB858BA31F04699E906BF4765556342F31FF276DAtSubmissionFilingDeviceId
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$93,117FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$5InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$5InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$5InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$2,304DividendsRevAndExpnssAmt
Dividends Net Invst Incm$2,304DividendsNetInvstIncmAmt
Dividends Adj Net Incm$2,304DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$5,629NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$175,339GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$5,629CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$7,938TotalRevAndExpnssAmt
Total Net Invst Incm$7,938TotalNetInvstIncmAmt
Total Adj Net Incm$2,309TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$650AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$650AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$18TaxesRevAndExpnssAmt
Taxes Net Invst Incm$18TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$1,413OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,413OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$2,081TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,081TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$12,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$12,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$14,581TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,081TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$12,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$6,643ExcessRevenueOverExpensesAmt
Net Investment Income$5,857NetInvestmentIncomeAmt
Adjusted Net Income$2,309AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$4,991SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$4,315SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$4,315SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$109,074CorporateStockBOYAmt
Corporate Stock EOY$90,354CorporateStockEOYAmt
Corporate Stock EOYFMV$88,802CorporateStockEOYFMVAmt
Total Assets BOY$114,065TotalAssetsBOYAmt
Total Assets EOY$94,669TotalAssetsEOYAmt
Total Assets EOYFMV$93,117TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$114,065RetainedEarningBOYAmt
Retained Earning EOY$94,669RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$114,065TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$94,669TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$114,065TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$94,669TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$114,065TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$6,643ExcessRevenueOverExpensesAmt
Subtotal$107,422SubtotalAmt
Other Decreases$12,753OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$94,669TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
MORGAN STANLEY 42302 ST COVEREDP2017-02-092018-01-04$90,150$93,917-$3,767-$3,767
MORGAN STANLEY 42302 LT COVEREDP2017-02-092018-05-10$85,189$75,793$9,396$9,396
FieldValueIRS element (for citing)
Capital Gain Net Income$5,629CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$7,700AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$110,561NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.069645DistributionYr1Rt
Adjusted Qlfy Distri Yr2$6,455AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$107,338NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.060137DistributionYr2Rt
Adjusted Qlfy Distri Yr3$6,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$112,227NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.053463DistributionYr3Rt
Net Vl Noncharitable Assets Yr4$38,071NetVlNoncharitableAssetsYr4Amt
Adjusted Qlfy Distri Yr5$7,025AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,995NetVlNoncharitableAssetsYr5Amt
Distribution Yr53.521303DistributionYr5Rt
Total Distribution3.704548TotalDistributionRt
Average Distribution0.926137AverageDistributionRt
Net Vl Noncharitable Assets$112,754NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$104,426AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$59NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$104,485AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$12,500QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$117InvestmentIncomeExciseTaxAmt
Subtotal$117SubtotalAmt
Tax Based On Investment Income$117TaxBasedOnInvestmentIncomeAmt
Tax Due$117TaxDueAmt

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
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 RqrfalseComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksSYLVIA TEASLEYIndividualWithBooksNm
Phone7702652820PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1141 BREEZE HILL LANEAddressLine1Txt
CityCANTONCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30114ZIPCd
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
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
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

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
WILLIAM A TEASLEY
141 BREEZE HILL LANECANTONGA30114DIRECTOR000.00$0$0$0
SYLVIA C TEASLEY
141 BREEZE HILL LANECANTONGA30114DIRECTOR000.00$0$0$0
SARA E T TROPE
2110 OAKVIEW ROAD SEATLANTAGA30317DIRECTOR000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$110,024AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$4,447AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$114,471TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$114,471AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,717CashDeemedCharitableAmt
Net Vl Noncharitable Assets$112,754NetVlNoncharitableAssetsAmt
Minimum Investment Return$5,638MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$5,638MinimumInvestmentReturnAmt
Tax Based On Investment Income$117TaxBasedOnInvestmentIncomeAmt
Total Tax$117TotalTaxAmt
Distributable Before Adj$5,521DistributableBeforeAdjAmt
Distributable Before Ded$5,521DistributableBeforeDedAmt
Distributable As Adjusted$5,521DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$12,500ExpensesAndContributionsAmt
Qualifying Distributions$12,500QualifyingDistributionsAmt
Adjusted Qualifying Distri$12,500AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$5,521DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$6,925ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$933ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,421ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$2,437ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$11,716TotalExcessDistributionCyovAmt
Qualifying Distributions$12,500QualifyingDistributionsAmt
Applied To Current Year$5,521AppliedToCurrentYearAmt
Remaining Distri From Corpus$6,979RemainingDistriFromCorpusAmt
Total Corpus$18,695TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$6,925ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$11,770ExcessDistriCyovToNextYrAmt
Excess From Year3$933ExcessFromYear3Amt
Excess From Year2$1,421ExcessFromYear2Amt
Excess From Year1$2,437ExcessFromYear1Amt
Excess From Current Year$6,979ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1MA TEASLEY MIDDLE SCHOOL FOUNDATIONBusinessNameLine1Txt
Business Name Line2MA EASLEY MIDDLE SCHOOL FOUNDATIONBusinessNameLine2Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1151 HICKORY LOG DRIVEAddressLine1Txt
CityCANTONCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30114ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeMIDDLE SCHOOLGrantOrContributionPurposeTxt
Amt$12,500Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$12,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$5RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,304RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$5,629RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$7,938RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$7,938TotalIncomeProducingActyAmt

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)
CategoryACCOUNTING FEESCategoryTxt
Amt$650Amt
Net Investment Income$650NetInvestmentIncomeAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSTOCK AND ETFSStockNm
EOY Book Value$90,354EOYBookValueAmt
EOYFMV$88,802EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDescAmtAmt
ROUNDING$1
TO ADJUST BOOK BASIS TO MORGAN STANLEY STMT$12,752

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BROKERAGE FEES$1,388$1,388
ADR FEES$25$25

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$18Amt
Net Investment Income$18NetInvestmentIncomeAmt

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