THE TEASLEY FOUNDATION INC: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
THE TEASLEY FOUNDATION INC (EIN 03-0493692)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-11-09
IRS object ID
201813139349100506
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 ReturnHeader

FieldValueIRS element (for citing)
Return2018-11-09T07:32:21-06:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

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 Begin2017-01-01TaxPeriodBeginDt

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
Signature2018-10-30SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIEL C LEEPreparerPersonNm
PTINP00019102PTIN
Phone4043719846PhoneNum
Preparation2018-11-01PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address167.68.16.49IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-11-09IPDt
IP Tm07:32:21IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id8CCC1BFED4F9CBF02EE12B9C8BDBD3C7AB8AFFF9AtSubmissionCreationDeviceId
At Submission Filing Device Id35D3879163D6E86CE39169CEF1932A0DEFAB2344AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2018-06-14 16:35:46ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$116,627FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$2,441DividendsRevAndExpnssAmt
Dividends Net Invst Incm$2,441DividendsNetInvstIncmAmt
Dividends Adj Net Incm$2,441DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$12,214NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$127,836GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$12,214CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$3,005NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$14,655TotalRevAndExpnssAmt
Total Net Invst Incm$14,655TotalNetInvstIncmAmt
Total Adj Net Incm$5,446TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$650AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$24TaxesRevAndExpnssAmt
Taxes Net Invst Incm$24TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$1,396OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,396OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$2,070TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,420TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$7,700ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$7,700ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$9,770TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,420TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$7,700TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$4,885ExcessRevenueOverExpensesAmt
Net Investment Income$13,235NetInvestmentIncomeAmt
Adjusted Net Income$5,446AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$9,568SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$4,991SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$4,991SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$99,613CorporateStockBOYAmt
Corporate Stock EOY$109,074CorporateStockEOYAmt
Corporate Stock EOYFMV$111,636CorporateStockEOYFMVAmt
Total Assets BOY$109,181TotalAssetsBOYAmt
Total Assets EOY$114,065TotalAssetsEOYAmt
Total Assets EOYFMV$116,627TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$109,181RetainedEarningBOYAmt
Retained Earning EOY$114,065RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$109,181TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$114,065TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$109,181TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$114,065TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$109,181TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$4,885ExcessRevenueOverExpensesAmt
Subtotal$114,066SubtotalAmt
Other Decreases$1OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$114,065TotNetAstOrFundBalancesEOYAmt

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 XXX-XX-XXXXP2017-02-092017-08-04$58,068$55,063$3,005$3,005
MORGAN STANLEY XXX-XX-XXXXP2014-12-082017-08-04$69,767$60,559$9,208$9,208
FieldValueIRS element (for citing)
Capital Gain Net Income$12,214CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$3,005NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$6,455AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$107,338NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.060137DistributionYr1Rt
Adjusted Qlfy Distri Yr2$6,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$112,227NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.053463DistributionYr2Rt
Net Vl Noncharitable Assets Yr3$38,071NetVlNoncharitableAssetsYr3Amt
Adjusted Qlfy Distri Yr4$7,025AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,995NetVlNoncharitableAssetsYr4Amt
Distribution Yr43.521303DistributionYr4Rt
Adjusted Qlfy Distri Yr5$2,850AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$7,566NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.376685DistributionYr5Rt
Total Distribution4.011588TotalDistributionRt
Average Distribution1.002897AverageDistributionRt
Net Vl Noncharitable Assets$110,561NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$110,881AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$132NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$111,013AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$7,700QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$265InvestmentIncomeExciseTaxAmt
Subtotal$265SubtotalAmt
Tax Based On Investment Income$265TaxBasedOnInvestmentIncomeAmt
Tax Due$265TaxDueAmt

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

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$109,885AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,360AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$112,245TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$112,245AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,684CashDeemedCharitableAmt
Net Vl Noncharitable Assets$110,561NetVlNoncharitableAssetsAmt
Minimum Investment Return$5,528MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$5,528MinimumInvestmentReturnAmt
Tax Based On Investment Income$265TaxBasedOnInvestmentIncomeAmt
Total Tax$265TotalTaxAmt
Distributable Before Adj$5,263DistributableBeforeAdjAmt
Distributable Before Ded$5,263DistributableBeforeDedAmt
Distributable As Adjusted$5,263DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$7,700ExpensesAndContributionsAmt
Qualifying Distributions$7,700QualifyingDistributionsAmt
Adjusted Qualifying Distri$7,700AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$5,263DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$2,472ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$6,925ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr2$933ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,421ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$11,751TotalExcessDistributionCyovAmt
Qualifying Distributions$7,700QualifyingDistributionsAmt
Applied To Current Year$5,263AppliedToCurrentYearAmt
Remaining Distri From Corpus$2,437RemainingDistriFromCorpusAmt
Total Corpus$14,188TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$2,472ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$11,716ExcessDistriCyovToNextYrAmt
Excess From Year4$6,925ExcessFromYear4Amt
Excess From Year2$933ExcessFromYear2Amt
Excess From Year1$1,421ExcessFromYear1Amt
Excess From Current Year$2,437ExcessFromCurrentYearAmt

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$7,700Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$7,700TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,441RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$12,214RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$14,655RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$14,655TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSTOCK AND ETFSStockNm
EOY Book Value$109,074EOYBookValueAmt
EOYFMV$111,636EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescROUNDINGDesc
Amt$1Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BROKERAGE FEES$1,375$1,375
ADR FEES$21$21

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$24Amt
Net Investment Income$24NetInvestmentIncomeAmt

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