MERWIN FOUNDATION INC: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: MERWIN FOUNDATION INC (EIN 62-1785447)
Tax period: 2017-01-01 to 2017-12-31
Filed: 2018-05-21
IRS object ID: 201821419349100107
Schema version: 2017v2.3
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
Investments Corp Stock Schedule
Other Expenses Schedule
Substantial Contributors Sch

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2018-05-21T09:50:08-05:00	ReturnTs
Tax Period End	2017-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	463401010	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	YOUNG & PROCTOR LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	49 MUSIC SQ W STE 205	AddressLine1Txt
City	NASHVILLE	CityNm
State Abbreviation	TN	StateAbbreviationCd
ZIP	372033245	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	621785447	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE MERWIN FOUNDATION INC	BusinessNameLine1Txt
Business Name Line2	C/O LISA MERWIN	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	MERW	BusinessNameControlTxt
Phone	6155298200	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	150 HUNTERS LANE	AddressLine1Txt
City	HENDERSONVILLE	CityNm
State Abbreviation	TN	StateAbbreviationCd
ZIP	37075	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	LISA MERWIN	PersonNm
Person Title	BOARD MEMBER	PersonTitleTxt
Phone	6155298200	PhoneNum
Signature	2018-05-16	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	OTTO KARL JAHRLING CPA	PreparerPersonNm
PTIN	P00082319	PTIN
Phone	6153213303	PhoneNum
Preparation	2018-05-21	PreparationDt

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	$32,680	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	$15,000	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$1	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$1	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$151	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$151	DividendsNetInvstIncmAmt
Total Rev And Expnss	$15,152	TotalRevAndExpnssAmt
Total Net Invst Incm	$152	TotalNetInvstIncmAmt
Other Expenses Rev And Expnss	$15	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$15	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$5,500	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$5,500	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$5,515	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$5,500	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$9,637	ExcessRevenueOverExpensesAmt
Net Investment Income	$152	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$2,514	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$12,151	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$12,151	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$4,732	CorporateStockBOYAmt
Corporate Stock EOY	$4,732	CorporateStockEOYAmt
Corporate Stock EOYFMV	$20,529	CorporateStockEOYFMVAmt
Total Assets BOY	$7,246	TotalAssetsBOYAmt
Total Assets EOY	$16,883	TotalAssetsEOYAmt
Total Assets EOYFMV	$32,680	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind
Unrestricted BOY	$7,246	UnrestrictedBOYAmt
Unrestricted EOY	$16,883	UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY	$7,246	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$16,883	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$7,246	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$16,883	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$7,246	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$9,637	ExcessRevenueOverExpensesAmt
Subtotal	$16,883	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$16,883	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$2,300	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$16,279	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.141286	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$22,500	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$20,249	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	1.111166	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$5,000	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$22,543	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.221798	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$2,850	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$34,639	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.082277	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$2,000	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$22,255	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.089867	DistributionYr5Rt
Total Distribution	1.646394	TotalDistributionRt
Average Distribution	0.329279	AverageDistributionRt
Net Vl Noncharitable Assets	$20,239	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$6,664	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$2	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$6,666	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$5,500	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$3	InvestmentIncomeExciseTaxAmt
Subtotal	$3	SubtotalAmt
Tax Based On Investment Income	$3	TaxBasedOnInvestmentIncomeAmt
Tax Due	$3	TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
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
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	Yes (true)	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	LISA MERWIN	IndividualWithBooksNm
Phone	6152266200	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	150 HUNTERS LANE	AddressLine1Txt
City	HENDERSONVILLE	CityNm
State Abbreviation	TN	StateAbbreviationCd
ZIP	37075	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
Undistributed Income PY	false	UndistributedIncomePYInd
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
LISA MERWIN
150 HUNTERS LANE	HENDERSONVILLE	TN	37075	BOARD MEMBER	000.00	$0	$0	$0
FELL MERWIN
150 HUNTER LANE	HENDERSONVILLE	TN	37075	BOARD MEMBER	000.00	$0	$0	$0
TIMOTHY TAKAS
201 WALTON FERRY RD	HENDERSONVILLE	TN	37075	BOARD MEMBER	000.00	$0	$0	$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

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$16,130	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$4,417	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$20,547	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$20,547	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$308	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$20,239	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$1,012	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$1,012	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$3	TaxBasedOnInvestmentIncomeAmt
Total Tax	$3	TotalTaxAmt
Distributable Before Adj	$1,009	DistributableBeforeAdjAmt
Distributable Before Ded	$1,009	DistributableBeforeDedAmt
Distributable As Adjusted	$1,009	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$5,500	ExpensesAndContributionsAmt
Qualifying Distributions	$5,500	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$5,500	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$1,009	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2	$21,488	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$1,486	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$22,974	TotalExcessDistributionCyovAmt
Qualifying Distributions	$5,500	QualifyingDistributionsAmt
Applied To Current Year	$1,009	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$4,491	RemainingDistriFromCorpusAmt
Total Corpus	$27,465	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$27,465	ExcessDistriCyovToNextYrAmt
Excess From Year2	$21,488	ExcessFromYear2Amt
Excess From Year1	$1,486	ExcessFromYear1Amt
Excess From Current Year	$4,491	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
CHILDREN ARE PEOPLE
117 E WINCHESTER ST	GALLATIN	TN	37066	NONE	501(C)3	CONTRIBUTION	$1,500
MONTHAVEN ARTS & CULTURE CENTER
1017 ANTEBELLUM CIRCLE	HENDERSONVILLE	TN	37075	NONE	501(C)(3)	CONTRIBUTION	$1,000
MARTHA O'BRYAN CENTER
711 SOUTH 7TH STREET	NASHVILLE	TN	37206	NONE	501(C)(3)	CONTRIBUTION	$1,500
SALVUS CENTER INC
556 HARTSVILLE PIKE	GALLATIN	TN	37066	NONE	501(C)(3)	CONTRIBUTION	$1,500	SUITE 200

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$5,500	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$1	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$151	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$152	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$152	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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	STOCKS	StockNm
EOY Book Value	$4,732	EOYBookValueAmt
EOYFMV	$20,529	EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK FEES	$15

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

Field	Value	IRS element (for citing)
Person	FELL LISA MERWIN	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	150 HUNTERS LANE	AddressLine1Txt
City	HENDERSONVILLE	CityNm
State Abbreviation	TN	StateAbbreviationCd
ZIP	37075	ZIPCd

MERWIN FOUNDATION INC: Form 990PF, tax year 2017

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

US Address USAddress

Comments