THE TEASLEY FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
THE TEASLEY FOUNDATION INC (EIN 03-0493692)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-10-19
IRS object ID
201742929349100014
Schema version
2016v3.0
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)
Return2017-10-19T14:11:13-05:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

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 Begin2016-01-01TaxPeriodBeginDt

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
Signature2017-10-07SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIEL C LEEPreparerPersonNm
PTINP00019102PTIN
Phone4043719846PhoneNum
Preparation2017-10-06PreparationDt
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$109,181FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$2InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$2InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$2,364DividendsRevAndExpnssAmt
Dividends Net Invst Incm$2,364DividendsNetInvstIncmAmt
Dividends Adj Net Incm$2,364DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$14,262NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$75,624GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$14,262CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$16,628TotalRevAndExpnssAmt
Total Net Invst Incm$16,628TotalNetInvstIncmAmt
Total Adj Net Incm$2,366TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$650AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$1,345OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,995TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$6,455ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$6,455ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$8,450TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$6,455TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$8,178ExcessRevenueOverExpensesAmt
Net Investment Income$16,628NetInvestmentIncomeAmt
Adjusted Net Income$2,366AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$8,409SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$9,568SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$9,568SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$105,546CorporateStockBOYAmt
Corporate Stock EOY$99,613CorporateStockEOYAmt
Corporate Stock EOYFMV$99,613CorporateStockEOYFMVAmt
Total Assets BOY$113,955TotalAssetsBOYAmt
Total Assets EOY$109,181TotalAssetsEOYAmt
Total Assets EOYFMV$109,181TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$113,955RetainedEarningBOYAmt
Retained Earning EOY$109,181RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$113,955TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$109,181TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$113,955TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$109,181TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$113,955TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$8,178ExcessRevenueOverExpensesAmt
Subtotal$122,133SubtotalAmt
Other Decreases$12,952OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$109,181TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
MORGAN STANLEY - ST COVERED 3302P2016-09-212016-12-19$37,023$40,252-$3,229-$3,229
MORGAN STANLEY - LT COVERED 3302P2014-12-082016-01-21$17,691$19,985-$2,294-$2,294
WELLS FARGO 450 SHARESD2014-09-252016-09-20$20,863$1,125$19,738$19,738
FieldValueIRS element (for citing)
Capital Gain Net Income$14,262CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$6,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$112,227NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.053463DistributionYr1Rt
Net Vl Noncharitable Assets Yr2$38,071NetVlNoncharitableAssetsYr2Amt
Adjusted Qlfy Distri Yr3$7,025AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$1,995NetVlNoncharitableAssetsYr3Amt
Distribution Yr33.521303DistributionYr3Rt
Adjusted Qlfy Distri Yr4$2,850AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$7,566NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.376685DistributionYr4Rt
Adjusted Qlfy Distri Yr5$5,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$2,807NetVlNoncharitableAssetsYr5Amt
Distribution Yr51.781261DistributionYr5Rt
Total Distribution5.732712TotalDistributionRt
Average Distribution1.433178AverageDistributionRt
Net Vl Noncharitable Assets$107,338NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$153,834AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$166NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$154,000AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$6,455QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$333InvestmentIncomeExciseTaxAmt
Subtotal$333SubtotalAmt
Tax Based On Investment Income$333TaxBasedOnInvestmentIncomeAmt
Tax Due$333TaxDueAmt

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$97,943AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$11,030AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$108,973TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$108,973AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,635CashDeemedCharitableAmt
Net Vl Noncharitable Assets$107,338NetVlNoncharitableAssetsAmt
Minimum Investment Return$5,367MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$5,367MinimumInvestmentReturnAmt
Tax Based On Investment Income$333TaxBasedOnInvestmentIncomeAmt
Total Tax$333TotalTaxAmt
Distributable Before Adj$5,034DistributableBeforeAdjAmt
Distributable Before Ded$5,034DistributableBeforeDedAmt
Distributable As Adjusted$5,034DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$6,455ExpensesAndContributionsAmt
Qualifying Distributions$6,455QualifyingDistributionsAmt
Adjusted Qualifying Distri$6,455AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$5,034DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$4,860ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$2,472ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$6,925ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$933ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$15,190TotalExcessDistributionCyovAmt
Qualifying Distributions$6,455QualifyingDistributionsAmt
Applied To Current Year$5,034AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,421RemainingDistriFromCorpusAmt
Total Corpus$16,611TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$4,860ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$11,751ExcessDistriCyovToNextYrAmt
Excess From Year4$2,472ExcessFromYear4Amt
Excess From Year3$6,925ExcessFromYear3Amt
Excess From Year1$933ExcessFromYear1Amt
Excess From Current Year$1,421ExcessFromCurrentYearAmt

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$6,455Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$6,455TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

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

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,364RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$14,262RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$16,628RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$16,628TotalIncomeProducingActyAmt

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 (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
WELLS FARGO
STOCK AND ETFS$99,613$99,613

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescDOWNWARD BASIS ADJ - WELLS FARGO & OTHER STOCKDesc
Amt$12,952Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BROKERAGE FEES$1,345

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