DAVIS LOVE III FOUNDATION: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- DAVIS LOVE III FOUNDATION (EIN 20-2920597)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-07-27
- IRS object ID
- 201802089349100705
- Schema version
- 2017v2.2
- 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
- Accounting Fees Schedule
- Depreciation Schedule
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-07-27T13:07:00-07:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 541615192 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Hortenstine and McCown CPAs PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 808 Moorefield Park Drive Suite 200 | AddressLine1Txt |
| City | Richmond | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23236 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 202920597 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Davis Love III Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DAVI | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o HRH CPA 808 Moorefield Park Dr | AddressLine1Txt |
| City | Richmond | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23236 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Davis M Love III | PersonNm |
| Person Title | Director | PersonTitleTxt |
| Signature | 2018-07-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Daniel T McCown CPA MTAX | PreparerPersonNm |
| PTIN | P00282869 | PTIN |
| Phone | 8045940450 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $3,422,205 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $437,203 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $15,902 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $15,902 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $15,902 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $11,187 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $11,187 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $11,187 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $19,198 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $250,152 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $19,198 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $4,681 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $8,436,052 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $8,919,542 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $46,287 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $31,770 | TotalAdjNetIncmAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $398,415 | OthEmplSlrsWgsRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $449 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $40,642 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $9,862 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $9,862 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $48,553 | TaxesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $67,055 | DeprecAndDpltnRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $1,803 | TravConfMeetingRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $7,610,276 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $8,177,055 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $9,862 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $782,777 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $782,777 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $8,959,832 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $9,862 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $782,777 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$40,290 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $36,425 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $31,770 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,420,918 | CashBOYAmt |
| Cash EOY | $745,603 | CashEOYAmt |
| Cash EOYFMV | $745,603 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,115,508 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,072,308 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,072,308 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $472,723 | AcctRcvblAmt |
| Acct Rcvbl BOY | $260,436 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $472,723 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $472,723 | AcctRcvblEOYFMVAmt |
| Corporate Stock BOY | $866,112 | CorporateStockBOYAmt |
| Corporate Stock EOY | $997,650 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $997,650 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $382,112 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $248,191 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $195,619 | LandBOYAmt |
| Land EOY | $133,921 | LandEOYAmt |
| Land EOYFMV | $133,921 | LandEOYFMVAmt |
| Other Assets EOY | $2 | OtherAssetsEOYAmt |
| Total Assets BOY | $3,858,593 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,422,207 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $3,422,205 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $1,165,028 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $775,478 | AccountsPayableEOYAmt |
| Deferred Revenue BOY | $74,000 | DeferredRevenueBOYAmt |
| Other Liabilities BOY | $9,194 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $5,172 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $1,248,222 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $780,650 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $2,610,371 | RetainedEarningBOYAmt |
| Retained Earning EOY | $2,641,557 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,610,371 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,641,557 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,858,593 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,422,207 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,610,371 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$40,290 | ExcessRevenueOverExpensesAmt |
| Other Increases | $71,476 | OtherIncreasesAmt |
| Subtotal | $2,641,557 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $2,641,557 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| Publicly Traded Securities | D | 2017-12-31 | 2017-12-31 | $59,543 | $60,371 | -$828 | -$828 |
| Publicly Traded Securities | P | 2017-12-31 | 2017-12-31 | $47,794 | $42,285 | $5,509 | $5,509 |
| Publicly Traded Securities | P | 2016-01-01 | 2017-12-31 | $142,815 | $128,298 | $14,517 | $14,517 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $19,198 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $4,681 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $776,096 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $1,113,562 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.69695 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $2,025,989 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $928,136 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 2.18286 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $876,861 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $790,146 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 1.10975 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,031,263 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $715,697 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 1.44092 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $294,321 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $108,274 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 2.71830 | DistributionYr5Rt |
| Total Distribution | 8.148772 | TotalDistributionRt |
| Average Distribution | 1.629754 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $1,334,190 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $2,174,401 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $364 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $2,174,765 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $782,777 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $729 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $729 | SubtotalAmt |
| Tax Based On Investment Income | $729 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $396 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $1,100 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $1,496 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $4 | EsPenaltyAmt |
| Overpayment | $763 | OverpaymentAmt |
| Applied To ES Tax | $763 | 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 | GA | 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 | The Company | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8045940450 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O 808 Moorefield Park Drive 200 | AddressLine1Txt |
| City | Richmond | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23236 | 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 |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Davis M Love III | ||||||
| PO Box 30959 | Sea Island | GA | 31561 | Director | 3.00 | $0 |
| Robin B Love | ||||||
| PO Box 30959 | Sea Island | GA | 31561 | Director | 3.00 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| John W McKenzie | ||||||
| 303 Youngwood Drive | Saint Simons Island | GA | 31522 | Marketing Director | 50.00 | $79,000 |
| Todd G Thompson | ||||||
| 1602 Mariners Landing | Saint Simons Island | GA | 31522 | Tournament Directr | 50.00 | $113,333 |
| James Stevens | ||||||
| 2512-4 Demere Rd | St Simons Island | GA | 31522 | Tournament Manager | 40.00 | $52,558 |
| Christian Liggin | ||||||
| 109 Compass Court | Brunswick | GA | 31525 | Tournament Manager | 40.00 | $35,500 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Tony Schuster Company LLC | |||||
| 4200 Horseshoe Bend | Waddington | NC | 28104 | Operations Director | $77,000 |
| Guardian Security Consultants | |||||
| 285 Mindi Lane | Jesup | GA | 31546 | Security | $99,510 |
| Trotland Group LLC | |||||
| 14908 McLeary Circle | Charlotte | NC | 28277 | Marketing | $33,540 |
| Event Systems LLC | |||||
| PO Box 121093 | Nashville | TN | 37212 | Event staging | $36,000 |
| Conquer | |||||
| 200 Rangeline Road Suite 209 | Carmel | IN | 46032 | Marketing | $65,550 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | Not applicable | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $997,166 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $357,342 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,354,508 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $1,354,508 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $20,318 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,334,190 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $66,710 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $66,710 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $729 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $729 | TotalTaxAmt |
| Distributable Before Adj | $65,981 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $65,981 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $65,981 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $782,777 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $782,777 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $782,777 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $65,981 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $288,925 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $995,630 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $837,681 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,979,869 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $721,022 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $4,823,127 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $782,777 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $65,981 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $716,796 | RemainingDistriFromCorpusAmt |
| Total Corpus | $5,539,923 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $288,925 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $5,250,998 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $995,630 | ExcessFromYear4Amt |
| Excess From Year3 | $837,681 | ExcessFromYear3Amt |
| Excess From Year2 | $1,979,869 | ExcessFromYear2Amt |
| Excess From Year1 | $721,022 | ExcessFromYear1Amt |
| Excess From Current Year | $716,796 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (56 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Frederica Academy | |||||||
| 200 Hamilton Road | St Simons Island | GA | 31522 | none | exempt | Education | $10,000 |
| Heather House of Glynn Inc | |||||||
| 1119 Old Jessup Pkwy | Brunswick | GA | 31525 | none | exempt | Community Assistance | $7,354 |
| Special Olympics Inc | |||||||
| 1133 19th Street NW | Washington | DC | 20036 | none | exempt | Community Assistance | $37,500 |
| Special Olympics Coastal Georgia | |||||||
| P O Box 1952 | Brunswick | GA | 31520 | none | exempt | Community Assistance | $37,657 |
| Children in Action Sports Club Inc | |||||||
| 154 Granville Nix Lane | Brunswick | GA | 31525 | none | EOF | Community Assistance | $4,545 |
| Boys & Girls Club of Southeast Georgia | |||||||
| P O Box 1193 | Brunswick | GA | 31521 | none | exempt | Community Assistance | $159,539 |
| Communities in Schools of Glynn County | |||||||
| P O Box 2318 | Brunswick | GA | 31521 | none | exempt | Community Assistance | $35,764 |
| Folds of Honor Foundation | |||||||
| 5800 N Patriot Dr | Owasso | OK | 74055 | none | exempt | Community Assistance | $5,000 |
| Glynn Community Crisis Center Inc | |||||||
| P O Box 278 | Brunwick | GA | 31521 | none | exempt | Community Assistance | $1,334 |
| Southeast GA Health System | |||||||
| 2415 Parkwood Dr | Brunswick | GA | 31520 | none | exempt | Community Assistance | $25,000 |
| Golden Isles Arts & Humanities Assoc | |||||||
| 1530 Newcastle St | Brunswick | GA | 31520 | none | exempt | Community Assistance | $2,093 |
| CASA Glynn Inc | |||||||
| P O Box 145 | Brunswick | GA | 31520 | none | exempt | Community Assistance | $1,308 |
| Georgia PGA Foundation | |||||||
| 590 W Crossville Rd | Roswell | GA | 30075 | none | exempt | Community Assistance | $16,322 |
| Girls on the Run of Coastal Ga | |||||||
| 401 Eisenhower Dr | Savannah | GA | 31406 | none | exempt | Community Assistance | $33,036 |
| Glynn County Board of Education | |||||||
| 1313 Egmont St | Brunswick | GA | 31523 | none | exempt | Community Assistance | $30,000 |
| Glynn County Sports Hall of Fame | |||||||
| P O Box 1521 | Brunswick | GA | 31521 | none | exempt | Community Assistance | $3,406 |
| The Gathering Place | |||||||
| P O Box 772 | Brunswick | GA | 31521 | none | exempt | Community Assistance | $33,729 |
| Safe Harbor Childrens Shelter Inc | |||||||
| 2215 Glouchester Street | Brunswick | GA | 31520 | none | exempt | Community Assistance | $20,837 |
| American Cancer Society | |||||||
| 3011 Hampton Ave Ste 361 | Brunswick | GA | 31520 | none | exempt | Community Assistance | $1,997 |
| Golden Isles Swimming Inc | |||||||
| P O Box 20772 | St Simons Island | GA | 31522 | none | exempt | Community Assistance | $3,139 |
| Golden Isles Youth Orchestra | |||||||
| P O Box 603 | Brunswick | GA | 31521 | none | exempt | Community Assistance | $1,000 |
| Hospice of the Golden Isles | |||||||
| 1692 Glynco Pkwy | Brunswick | GA | 31525 | none | exempt | Community Assistance | $11,125 |
| Blessings in a Backpack | |||||||
| 414 Hawkins Island Dr | St Simons Island | GA | 31522 | none | exempt | Community assistance | $35,000 |
| Keep Golden Isles Beautiful | |||||||
| P O Box 1493 | Brunswick | GA | 31521 | none | exempt | Community assistance | $2,000 |
| Social Opportunities Active Recreat | |||||||
| 315 Dunbarton Way | ST Simons Island | GA | 31522 | none | exempt | Community assistance | $262 |
| St Francis Exavier Catholic School | |||||||
| 1121 Union St | Brunswick | GA | 31520 | none | exempt | Community assistance | $11,721 |
| St Simons Christian School | |||||||
| 1060 Coquina Circle St | St Simons Island | GA | 31522 | none | exempt | Community assistance | $41,444 |
| St Simons Food Spirits Festival | |||||||
| 60 Cenema Lane Ste 230 | St Simons Island | GA | 31522 | none | exempt | Community assistance | $5,000 |
| United Way of Coastal Georgia | |||||||
| P O Box 877 | Brunswick | GA | 31521 | none | exempt | Community assistance | $10,131 |
| College of Golf Fellowship | |||||||
| 5098 Foothills Blvd Unit 138 | Roseville | CA | 95747 | none | exempt | Community Assistance | $25,000 |
| TA4 Life Foundation | |||||||
| P O Box 20941 | St Simons Island | GA | 31522 | none | exempt | Community Assistance | $5,000 |
| Suns Foundation | |||||||
| P O Box 284 | Sun Valley | ID | 83353 | none | EOF | Community assistance | $10,000 |
| Alzheimers Disease & Related Disorders | |||||||
| 201 Television Circle | Savannah | GA | 31406 | none | EOF | Community assistance | $105 |
| Americas Second Harvest of Coastal GA | |||||||
| 134 Indigo Dr | Brunswick | GA | 31525 | none | EOF | Community assistance | $5,361 |
| Elevate Phoenix | |||||||
| 3750 W Indian School Rd | Phoenix | AZ | 85019 | none | EOF | Community assistance | $10,000 |
| Golden Isles Ballet Company Fndn | |||||||
| 819 Hamilton Landing Dr | St Simons Island | GA | 31522 | none | EOF | Community assistance | $2,000 |
| Golden Isles Girls on the Run | |||||||
| P O Box 20975 | St Simons Island | GA | 31522 | none | EOF | Community assistance | $2,981 |
| Habitat for Humanity International Inc | |||||||
| P O Box 296 | Brunswick | GA | 31521 | none | EOF | Community assistance | $6,460 |
| Sun Valley Ski Education Foundation Inc | |||||||
| P O Box 203 | Sun Valley | ID | 83353 | none | EOF | Community assistance | $5,000 |
| Fraternal Order of Police | |||||||
| P O Box 1117 | Brunswick | GA | 31520 | none | EOF | Community assistance | $15,000 |
| Glynn Middle School PTSA | |||||||
| 502 Longview Rd | St Simons Island | GA | 31522 | none | EOF | Community assistance | $10,724 |
| First Tee of the Golden Isles | |||||||
| 5445 Frederica Road | St Simons Island | GA | 31522 | none | EOF | Community Assistance | $43,897 |
| Gamma Psi Foundation | |||||||
| P O Box 1714 | Fortson | GA | 31808 | none | EOF | Community Assistance | $10,000 |
| Golden Isles Convention Visitors Bu | |||||||
| 529 Broadview Dr | St Simons Island | GA | 31522 | none | EOF | Community Assistance | $650 |
| Golfen Isles FCA | |||||||
| 3228 Shrine Rd | Brunswick | GA | 31320 | none | EOF | Community Assistance | $1,000 |
| Renaissance School of the Eastern S | |||||||
| 10526 County Road 64 | Daphne | AL | 36526 | none | EOF | Community Assistance | $5,000 |
| The LPGA Foundation | |||||||
| 1270 Chastain Rd | Kennesaw | GA | 30144 | none | EOF | Community Assistance | $10,000 |
| World Water Relief | |||||||
| 931 Monroe Dr | Atlanta | GA | 30308 | none | EOF | Community Assistance | $602 |
| Camden County FFA | |||||||
| 6300 Laurel Island Pkwy | Kingsland | GA | 31548 | none | EOF | Community Assistance | $1,500 |
| Charlotte Mechlenburg Dream Center | |||||||
| P O Box 30877 | Charlotte | NC | 28320 | none | EOF | Community Assistance | $10,000 |
| FCA Golf Ministry | |||||||
| P O Box 664 | Ponte Vedra Beach | FL | 32004 | none | EOF | Community Assistance | $5,000 |
| St Simons Land Trust | |||||||
| P O Box 24615 | St Simons Island | GA | 31522 | none | EOF | Community Assistance | $5,000 |
| Bolins Heroes | |||||||
| P O Box 21121 | St Simons Island | GA | 31522 | none | EOF | Community Assistance | $2,445 |
| Adoption-Share Inc | |||||||
| 1027 Egmont St | Brunswick | GA | 31520 | none | EOF | Community Assistance | $548 |
| Morningstar Children Family Service | |||||||
| P O Box 370 | Brunswick | GA | 31520 | none | EOF | Community Assistance | $261 |
| WPY Medical Fund | |||||||
| 100 Retreat Ave | St Simons Island | GA | 31522 | none | EOF | Community Assistance | $2,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $782,777 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Golf Tournament Revenue | Desc |
| Related Or Exempt Function Incm | $8,436,052 | RelatedOrExemptFunctionIncmAmt |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 3 | ExclusionCd |
| Exclusion | $15,902 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $11,187 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 3 | ExclusionCd |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $19,198 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $27,089 | ExclusionAmt |
| Related Or Exempt Function Incm | $8,455,250 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $8,482,339 | 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 (10 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| PGA Tour Inc | |||||||
| 1 | 100 PGA Tour Blvd | Ponte Vedra Beach | FL | 32004 | $195,000 | Yes (X) | |
| Christian Brothers Automotive Corp | |||||||
| 2 | 17725 Katy Freeway | Houston | TX | 77094 | $50,000 | Yes (X) | |
| Cox Enterprises | |||||||
| 3 | 6205 Peachtree Dunwoody Rd | Atlanta | GA | 30328 | $25,000 | Yes (X) | |
| Jonathan Linen Rev Trust | |||||||
| 4 | 6830 N Ocean Blvd | Ocean Ridge | FL | 33435 | $18,000 | Yes (X) | |
| Harrison Design | |||||||
| 5 | 60 Cinema Lane | St Simons Island | GA | 31522 | $5,000 | Yes (X) | |
| Insulate America | |||||||
| 6 | P O Box 3569 | Shelby | NC | 28151 | $5,000 | Yes (X) | |
| PGA Tour Wives Association | |||||||
| 7 | P O Box 74 | Ponte Verda | FL | 32004 | $5,000 | Yes (X) | |
| Rich Consumer Brands Div | |||||||
| 8 | P O Box 20670 | St Simons Island | GA | 31522 | $30,000 | Yes (X) | |
| Davis Love III | |||||||
| 9 | P O Box 30959 | Sea Island | GA | 31561 | $60,371 | Yes (X) | |
| Workday Inc | |||||||
| 10 | 6230 Stoneridge Mall Rd | Pleasanton | CA | 94588 | $30,000 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 9 | ContributorNum |
| Noncash Property | 150 shs Fortive Corp, 100 shs Honeywell, 200 shs Walt Disney Co, 50 shs Nike Inc, 50 shs Apple Inc | NoncashPropertyDesc |
| Fair Market Value | $60,371 | FairMarketValueAmt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting | CategoryTxt |
| Amt | $40,642 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (3 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt |
|---|---|---|---|---|---|---|
| Furniture & Fixtures | 2010-01-01 | $220,040 | $116,481 | SL | 10.0000 | $49,985 |
| Machinery & Equipment | 2010-01-01 | $37,016 | $15,609 | SL | 5.0000 | $5,325 |
| Improvements | 2010-01-01 | $119,698 | $49,046 | SL | 40.0000 | $11,745 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Furniture and Fixtures | $220,040 | $166,467 | $53,573 | $53,573 |
| Machinery and Equipment | $42,374 | $20,933 | $21,441 | $21,441 |
| Improvements | $119,698 | $60,791 | $58,907 | $58,907 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal | CategoryTxt |
| Legal Fees | $449 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Rounding | Desc |
| EOY Book Value | $2 | EOYBookValueAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (20 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| Accommodations | $58,703 |
| Bank & Credit Card Fees | $31,290 |
| Board Committee Expense | $755 |
| Contract Services | $122,704 |
| Dues & Subscriptions | $15,048 |
| Employee benefits | $47,006 |
| Golf Tournament Expenses | $6,603,159 |
| Insurance | $53,275 |
| Leased Employees | $150,000 |
| Meal & Entertainment | $38,299 |
| Miscellaneous | $543 |
| Office expense | $18,854 |
| Postage | $16,425 |
| Sales & Marketing | $364,710 |
| Special Event expense | $12,526 |
| Sponsor Gifts | $12,340 |
| Sponsor Merchandise | $32,047 |
| Telephone | $7,341 |
| Uniforms | $21,385 |
| Utilities | $3,866 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Golf Tournament Revenue | Desc |
| Revenue And Expenses Per Books | $8,436,052 | RevenueAndExpensesPerBooksAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment management fees | CategoryTxt |
| Amt | $9,862 | Amt |
| Net Investment Income | $9,862 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| IRS | $635 |
| Payroll Taxes | $32,958 |
| Sales & Use taxes | $14,960 |
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