Constructive Management Foundation: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- Constructive Management Foundation (EIN 05-0438672)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-07-15
- IRS object ID
- 201931969349100513
- 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
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-07-15T09:14:16-07:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 931212696 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kevin W Keithley CPA PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 715 SW Morrison Ste 700 | AddressLine1Txt |
| City | Portland | CityNm |
| State Abbreviation | OR | StateAbbreviationCd |
| ZIP | 97205 | 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 | 050438672 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Constructive Management Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CONS | BusinessNameControlTxt |
| Phone | 8282528096 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 8907 | AddressLine1Txt |
| City | Asheville | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28814 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Paul R Farago | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2019-07-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Kevin W Keithley | PreparerPersonNm |
| PTIN | P01366864 | PTIN |
| Phone | 5032285585 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
| 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 | $468,923 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
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 | $832 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $832 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $8,561 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $8,561 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $10,805 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $68,824 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $10,805 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $20,198 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $20,198 | TotalNetInvstIncmAmt |
| Legal Fees Rev And Expnss | $583 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $1,125 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $4,925 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $4,925 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $95 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $95 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $226 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $6,737 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $13,691 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $5,022 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $18,990 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $18,990 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $32,681 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $5,022 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $18,990 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$12,483 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $15,176 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $49,372 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $26,858 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $26,858 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $25,179 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $25,179 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $24,984 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $181,132 | CorporateStockBOYAmt |
| Corporate Stock EOY | $389,773 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $389,908 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $20,091 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $20,091 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $19,905 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $9,258 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $8,940 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $7,268 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $30,098 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $30,098 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $226 | LandBOYAmt |
| Total Assets BOY | $285,258 | TotalAssetsBOYAmt |
| Total Assets EOY | $470,841 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $468,923 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $11,310 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $8,980 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $11,310 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $8,980 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $273,948 | RetainedEarningBOYAmt |
| Retained Earning EOY | $461,861 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $273,948 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $461,861 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $285,258 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $470,841 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $273,948 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$12,483 | ExcessRevenueOverExpensesAmt |
| Other Increases | $200,396 | OtherIncreasesAmt |
| Subtotal | $461,861 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $461,861 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (31 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 100 Signet Jewelers LTD | P | 2017-08-11 | 2018-04-11 | $3,760 | $5,625 | -$1,865 | -$1,865 |
| 125 CBL & Assoc Pptys Inc | P | 2017-10-19 | 2018-05-18 | $549 | $1,072 | -$523 | -$523 |
| 15 Energizer Holdings | P | 2017-08-16 | 2018-06-18 | $898 | $639 | $259 | $259 |
| 50 EPR Properties | P | 2018-03-02 | 2018-08-06 | $3,430 | $2,722 | $708 | $708 |
| 50 EPR Properties | P | 2018-03-02 | 2018-08-30 | $3,499 | $2,722 | $777 | $777 |
| 100 Ball Corp | P | 2017-11-28 | 2018-10-08 | $4,622 | $3,967 | $655 | $655 |
| 50 Dow DuPont Inc | P | 2015-07-28 | 2018-01-08 | $3,761 | $2,339 | $1,422 | $1,422 |
| 50 Weyerhaeuser | P | 2013-09-11 | 2018-02-26 | $1,771 | $1,418 | $353 | $353 |
| 100 CBL & Assoc Pptys Inc | P | 2017-03-24 | 2018-05-18 | $439 | $933 | -$494 | -$494 |
| 50 Exxon Mobil Corporation | P | 2013-09-11 | 2018-05-31 | $4,051 | $4,426 | -$375 | -$375 |
| 75 General Electric | P | 2011-12-21 | 2018-05-31 | $1,053 | $1,301 | -$248 | -$248 |
| 25 General Electric | P | 2014-08-07 | 2018-05-31 | $351 | $639 | -$288 | -$288 |
| 125 Johnson Controls Int'l PLC | P | 2016-09-06 | 2018-05-31 | $4,241 | $5,407 | -$1,166 | -$1,166 |
| 25 Microsoft Corp | P | 2008-11-12 | 2018-05-31 | $2,479 | $515 | $1,964 | $1,964 |
| 50 Steel Dynamics | P | 2015-03-17 | 2018-05-31 | $2,508 | $930 | $1,578 | $1,578 |
| 50 Weyerhaeuser | P | 2013-09-11 | 2018-06-06 | $1,909 | $1,418 | $491 | $491 |
| 25 Weyerhaeuser | P | 2014-05-27 | 2018-06-06 | $955 | $775 | $180 | $180 |
| 25 Energizer Holdings | P | 2015-11-10 | 2018-06-18 | $1,497 | $1,015 | $482 | $482 |
| 50 Edgewell Pers Care Co | P | 2010-02-24 | 2018-08-20 | $2,925 | $1,972 | $953 | $953 |
| 50 Edgewell Pers Care Co | P | 2016-05-20 | 2018-08-20 | $2,925 | $3,927 | -$1,002 | -$1,002 |
| 75 General Electric | P | 2014-08-07 | 2018-08-20 | $926 | $1,917 | -$991 | -$991 |
| 50 Kroger Company | P | 2016-06-15 | 2018-08-20 | $1,574 | $1,796 | -$222 | -$222 |
| 50 Pfizer | P | 2007-03-21 | 2018-08-20 | $2,127 | $1,288 | $839 | $839 |
| 100 Kimco Realty Corporation | P | 2017-04-04 | 2018-11-01 | $1,580 | $2,192 | -$612 | -$612 |
| 25 Kroger Company | P | 2016-06-15 | 2018-11-01 | $732 | $898 | -$166 | -$166 |
| 25 Kroger Company | P | 2016-07-29 | 2018-11-01 | $732 | $855 | -$123 | -$123 |
| 50 Merck & Co. | P | 2013-02-26 | 2018-11-01 | $3,641 | $2,131 | $1,510 | $1,510 |
| 25 Nordstrom | P | 2016-05-20 | 2018-11-01 | $1,635 | $946 | $689 | $689 |
| 50 Pfizer | P | 2007-03-21 | 2018-11-01 | $2,181 | $1,288 | $893 | $893 |
| 25 Nordstrom | P | 2016-05-20 | 2018-11-06 | $1,684 | $946 | $738 | $738 |
| Capital Gain Dividends | $4,389 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $10,805 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $11 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $35,900 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $349,059 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.10285 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $20,500 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $341,495 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.06003 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $41,743 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $390,396 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.10693 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $36,753 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $430,337 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.08541 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $5,000 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $391,091 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.01279 | DistributionYr5Rt |
| Total Distribution | 0.367993 | TotalDistributionRt |
| Average Distribution | 0.073599 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $325,364 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $23,946 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $152 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $24,098 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $18,990 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $304 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $304 | SubtotalAmt |
| Tax Based On Investment Income | $304 | TaxBasedOnInvestmentIncomeAmt |
| Extsn Request Income Tax Paid | $700 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $700 | TotalPaymentsAndCreditsAmt |
| Overpayment | $396 | OverpaymentAmt |
| Applied To ES Tax | $396 | 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 |
| Form990 T Filed | false | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NC | OrgReportOrRegisterStateCd |
| Org Report Or Register State | RI | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Paul Farago | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8282528096 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 8907 | AddressLine1Txt |
| City | Asheville | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 288148907 | 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 |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | false | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
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 |
|---|---|---|---|---|---|---|
| Paul R Farago | ||||||
| PO Box 8907 | Asheville | NC | 288148907 | Pres / Dir | 0.00 | $0 |
| April A Farago | ||||||
| PO Box 8907 | Asheville | NC | 288148907 | Director | 0.00 | $0 |
| Michelle T Farago | ||||||
| PO Box 8907 | Asheville | NC | 288148907 | Secty / Dir | 0.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $302,232 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $28,087 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $330,319 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $330,319 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $4,955 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $325,364 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $16,268 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $16,268 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $304 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $304 | TotalTaxAmt |
| Distributable Before Adj | $15,964 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $15,964 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $15,964 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $18,990 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $18,990 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $18,990 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $15,964 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr4 | $15,830 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $23,037 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $3,541 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $18,997 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $61,405 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $18,990 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $15,964 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $3,026 | RemainingDistriFromCorpusAmt |
| Total Corpus | $64,431 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $64,431 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $15,830 | ExcessFromYear4Amt |
| Excess From Year3 | $23,037 | ExcessFromYear3Amt |
| Excess From Year2 | $3,541 | ExcessFromYear2Amt |
| Excess From Year1 | $18,997 | ExcessFromYear1Amt |
| Excess From Current Year | $3,026 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Paul R Farago | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| The NC Arboretum Society | |||||||
| 100 Frederick Law Olmsted Way | Asheville | NC | 28806 | None | PC | Charitable | $250 |
| Penland School of Crafts | |||||||
| PO Box 37 | Penland | NC | 28765 | None | PC | Charitable | $1,000 |
| State Policy Network | |||||||
| 1655 N Fort Myer Drive | Arlington | VA | 22209 | None | PC | Charitable | $5,000 |
| Open Doors Asheville | |||||||
| 14 S Pack Square Suite 360 | Asheville | NC | 28801 | None | PC | Charitable | $2,040 |
| UNCA Foundation | |||||||
| 1 University Heights | Asheville | NC | 28804 | None | PF | Charitable | $5,000 |
| Blue Ridge Parkway Foundation | |||||||
| 322 Gashes Creek Rd | Asheville | NC | 28803 | None | PF | Charitable | $100 |
| Diana Wortham Theatre | |||||||
| 18 Biltmore Ave | Asheville | NC | 28801 | None | PC | Charitable. | $100 |
| Boys and Girls Club | |||||||
| 204 Haywood St | Asheville | NC | 28801 | None | PC | Charitable. | $2,500 |
| Rainbow Community School | |||||||
| 574 Haywood Road | Asheville | NC | 28806 | None | PC | Charitable. | $3,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $18,990 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $832 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $8,561 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $10,805 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $20,198 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $20,198 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Kevin W. Keithley,CPA,P.C. | CategoryTxt |
| Amt | $1,125 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Computer Equipment | PropertyDesc |
| Acquired | 2013-12-10 | AcquiredDt |
| Cost Or Other Basis | $1,235 | CostOrOtherBasisAmt |
| Prior Year Depreciation | $1,009 | PriorYearDepreciationAmt |
| Computation Method | SL | ComputationMethodTxt |
| Life | 5.0000 | LifeRt |
| Current Year Expense | $226 | CurrentYearExpenseAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Apple Inc | $10,054 | $9,978 |
| Microsoft Corp 1.85% | $10,037 | $9,927 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (51 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| Pfizer | $2,413 | $4,365 |
| Crown Holding Inc | $3,928 | $5,196 |
| Intel Corp | $2,731 | $7,040 |
| Olin Corp | $3,478 | $3,017 |
| BB&T Corp | $2,421 | $4,332 |
| Microsoft Corp | $1,546 | $7,617 |
| Ford Motor Company | $4,100 | $3,825 |
| General Mills Inc | $2,455 | $3,894 |
| Energizer Holdings | $3,267 | $2,709 |
| Exxon Mobil Corporation | $4,426 | $3,410 |
| International Paper Co | $6,692 | $6,054 |
| Merck & Co. | $2,131 | $3,821 |
| Royal Dutch Shell PLC | $5,675 | $5,994 |
| Allegheny Technologies Inc | $3,283 | $4,354 |
| JP Morgan Chase & Co | $1,790 | $4,881 |
| AT&T Inc | $6,713 | $5,708 |
| Cisco Systems | $3,557 | $7,583 |
| Goldman Sachs Group Inc | $5,932 | $5,250 |
| BP PLC | $4,148 | $4,740 |
| General Motors Corp | $6,642 | $6,690 |
| Newell Rubbermaid | $5,716 | $4,648 |
| Nordstrom Inc | $2,088 | $2,331 |
| Johnson & Johnson | $4,928 | $6,453 |
| Edgewell Pers Care Co | $3,789 | $2,801 |
| Steel Dynamics Inc | $1,860 | $3,004 |
| UBS Group AG | $5,648 | $4,333 |
| Bank of America | $3,331 | $5,544 |
| Corning | $3,879 | $6,042 |
| Delta Air Lines | $2,716 | $3,743 |
| Kroger Company | $4,617 | $4,125 |
| Southwest Airlines | $3,547 | $3,486 |
| TRI Pointe Group | $2,217 | $2,186 |
| Ball Corp | $3,826 | $4,598 |
| Dow Du Pont Inc | $8,732 | $8,022 |
| Hawaiian Holdings Inc | $4,662 | $2,641 |
| Kimco Realty Corporation | $5,066 | $3,663 |
| Lyondell Industries | $6,228 | $6,237 |
| Tyson Foods Inc | $6,651 | $5,340 |
| Apple Inc. | $3,938 | $3,944 |
| Cooper Tire & Rubber | $7,436 | $3,727 |
| CVS Corp | $6,799 | $6,552 |
| FedEx | $8,233 | $5,647 |
| Lennar Corp Cl A | $3,904 | $2,936 |
| Macerich Co | $3,093 | $3,246 |
| Aberdeen Global High Income Fund | $20,565 | $17,830 |
| Columbia Select Large Cap Growth | $42,431 | $49,797 |
| Harbor International Fund | $7,118 | $11,651 |
| JPMorgan Alerian MLP Index | $66,757 | $37,721 |
| Lazard Emerging Markets | $4,633 | $13,075 |
| Pimco Total Return | $33,018 | $30,671 |
| Principal Investors Preferred | $25,019 | $23,434 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $25,179 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $24,984 | USGovtObligationsEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Brandywine Realty Preferred | AT COST | $3,233 | $2,896 |
| Weyerhaeuser | AT COST | $5,707 | $4,372 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt |
|---|---|---|
| Furniture and Fixtures | $991 | $991 |
| Machinery and Equipment | $29,107 | $29,107 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Hilderbran Hitchcock | CategoryTxt |
| Legal Fees | $583 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| ADR Fees | $2 | $2 |
| Licenses & Filing Fees | $45 | |
| Outside Services | $208 | |
| Postage | $250 | |
| Telephone | $6,232 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | The Farago Foundation Transfer | Desc |
| Amt | $200,396 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Payable to Paul R. Farago | Desc |
| BOY Book Value | $11,310 | BOYBookValueAmt |
| EOY Book Value | $8,980 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Fees | CategoryTxt |
| Amt | $4,925 | Amt |
| Net Investment Income | $4,925 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Federal Income Tax | CategoryTxt |
| Amt | $95 | Amt |
| Net Investment Income | $95 | NetInvestmentIncomeAmt |
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