Constructive Management Foundation: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- Constructive Management Foundation (EIN 05-0438672)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-05-21
- IRS object ID
- 201701419349100200
- 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
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-05-21T18:51:17-07:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
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 | 2016-01-01 | 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 | 2017-05-14 | 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 | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $359,019 | 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 |
| Dividends Rev And Expnss | $8,629 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $8,629 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$2,596 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $85,571 | GrossSalesPriceAmt |
| Total Rev And Expnss | $6,033 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $8,629 | TotalNetInvstIncmAmt |
| Legal Fees Rev And Expnss | $345 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $1,045 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $2,730 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $2,730 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $78 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $78 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $247 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $5,469 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $3 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $9,914 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,811 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $20,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $20,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $30,414 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,811 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $20,500 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$24,381 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $5,818 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $72,714 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $84,662 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $84,662 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $210,457 | CorporateStockBOYAmt |
| Corporate Stock EOY | $195,945 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $253,591 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $10,794 | CorporateBondsBOYAmt |
| Other Investments BOY | $24,265 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $19,205 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $20,293 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $30,098 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $29,625 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $720 | LandBOYAmt |
| Land EOY | $473 | LandEOYAmt |
| Land EOYFMV | $473 | LandEOYFMVAmt |
| Total Assets BOY | $318,950 | TotalAssetsBOYAmt |
| Total Assets EOY | $300,285 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $359,019 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $5,201 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $10,917 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $5,201 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $10,917 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $313,749 | RetainedEarningBOYAmt |
| Retained Earning EOY | $289,368 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $313,749 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $289,368 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $318,950 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $300,285 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $313,749 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$24,381 | ExcessRevenueOverExpensesAmt |
| Subtotal | $289,368 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $289,368 | 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 |
|---|---|---|---|---|---|---|---|
| See Attached Statement | P | 2016-01-01 | 2016-12-31 | $7,039 | $7,603 | -$564 | -$564 |
| See Attached Statement | P | 2015-01-01 | 2016-12-31 | $77,596 | $80,564 | -$2,968 | -$2,968 |
| Capital Gain Dividends | $936 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$2,596 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$564 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $41,743 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $390,396 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.10693 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $36,753 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $430,337 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.08541 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $5,000 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $391,091 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.01279 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $40,958 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $368,701 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.11109 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $10,155 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $372,456 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.02727 | DistributionYr5Rt |
| Total Distribution | 0.343467 | TotalDistributionRt |
| Average Distribution | 0.068693 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $341,495 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $23,458 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $58 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $23,516 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $20,500 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $116 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $116 | SubtotalAmt |
| Tax Based On Investment Income | $116 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $296 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $296 | TotalPaymentsAndCreditsAmt |
| Overpayment | $180 | OverpaymentAmt |
| Applied To ES Tax | $180 | 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 |
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 | $263,338 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $83,357 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $346,695 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $346,695 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $5,200 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $341,495 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $17,075 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $17,075 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $116 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $116 | TotalTaxAmt |
| Distributable Before Adj | $16,959 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $16,959 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $16,959 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $20,500 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $20,500 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $20,500 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $16,959 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr4 | $23,037 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr2 | $15,830 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $23,037 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $61,904 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $20,500 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $16,959 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $3,541 | RemainingDistriFromCorpusAmt |
| Total Corpus | $65,445 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $65,445 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $23,037 | ExcessFromYear4Amt |
| Excess From Year2 | $15,830 | ExcessFromYear2Amt |
| Excess From Year1 | $23,037 | ExcessFromYear1Amt |
| Excess From Current Year | $3,541 | 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 (15 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| US Holocaust Memorial Museum | |||||||
| 100 Raoul Wallenberg Place SW | Washington | DC | 20024 | None | PC | Charitable | $200 |
| YMCA of Western North Carolina | |||||||
| 30 Woodfin Street | Asheville | NC | 28801 | None | PC | Charitable | $1,000 |
| The NC Arboretum Society | |||||||
| 100 Frederick Law Olmsted Way | Asheville | NC | 28806 | None | PC | Charitable | $250 |
| John Locke Foundation | |||||||
| 200 W Morgan Street Suite 200 | Raleigh | NC | 27601 | None | PC | Charitable | $200 |
| Preservation Society of Asheville | |||||||
| PO Box 2806 | Asheville | NC | 28802 | None | PC | Charitable | $50 |
| Carolina Day School | |||||||
| 1345 Hendersonville Road | Asheville | NC | 28803 | None | PC | Charitable | $11,250 |
| Penland School of Crafts | |||||||
| PO Box 37 | Penland | NC | 28765 | None | PC | Charitable | $1,000 |
| Manna Food Bank | |||||||
| 627 Swannanoa Road | Asheville | NC | 28805 | None | PC | Charitable | $200 |
| The Salvation Army | |||||||
| 204 Haywood Street | Asheville | NC | 28801 | None | PC | Charitable | $200 |
| State Policy Network | |||||||
| 1655 N Fort Myer Drive | Arlington | VA | 22209 | None | PC | Charitable | $1,000 |
| Open Doors Asheville | |||||||
| 14 S Pack Square Suite 360 | Asheville | NC | 28801 | None | PC | Charitable | $1,000 |
| Bulldogs Athletic Association | |||||||
| 1 University Heights | Asheville | NC | 28804 | None | PC | Charitable | $250 |
| Asheville Jewish Community Center | |||||||
| 236 Charlotte Street | Asheville | NC | 28801 | None | PC | Charitable | $2,500 |
| Asheville Humane Society | |||||||
| 14 Forever Friend Lane | Asheville | NC | 28806 | None | PC | Charitable | $1,200 |
| WNC Jewish Federation | |||||||
| PO Box 7126 | Asheville | NC | 28802 | None | PC | Charitable | $200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $20,500 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $8,629 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$2,596 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $6,033 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $6,033 | 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 | $1,045 | 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 | $515 | PriorYearDepreciationAmt |
| Computation Method | SL | ComputationMethodTxt |
| Life | 5.0000 | LifeRt |
| Current Year Expense | $247 | CurrentYearExpenseAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (47 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| General Electric | $3,856 | $5,530 |
| Hewlett-Packard Company | $2,564 | $3,339 |
| Pfizer | $4,989 | $6,496 |
| Crown Holding Inc | $2,571 | $6,571 |
| Intel Corp | $2,732 | $5,441 |
| Olin Corp | $4,943 | $6,403 |
| Alexandria Real Estate | $5,017 | $5,017 |
| BB&T Corp | $2,421 | $4,702 |
| Microsoft Corp | $2,061 | $6,214 |
| Unilever NV | $3,340 | $4,106 |
| Ford Motor Company | $4,100 | $6,065 |
| General Mills Inc | $2,455 | $6,177 |
| Energizer Holdings | $3,755 | $3,346 |
| Exxon Mobil Corporation | $8,853 | $9,026 |
| International Paper Co | $6,863 | $10,612 |
| Merck & Co. | $4,262 | $5,887 |
| Alcoa Inc. | $1,630 | $1,713 |
| Royal Dutch Shell PLC | $5,675 | $5,797 |
| Allegheny Technologies Inc | $2,504 | $2,390 |
| Dow Chemical Company | $6,368 | $8,583 |
| Johnson Controls | $5,407 | $5,149 |
| JP Morgan Chase & Co | $3,581 | $8,629 |
| AT&T Inc | $5,190 | $6,380 |
| Brandywine Realty 6.9% Preferred | $3,788 | $3,783 |
| CBL & Assoc Pptys Inc | $1,251 | $1,150 |
| Cisco Systems | $4,574 | $6,800 |
| Goldman Sachs Group Inc | $5,933 | $6,546 |
| Potash Corp of Saskatchewan | $1,739 | $1,809 |
| Boeing | $6,026 | $7,784 |
| BP PLC | $4,148 | $4,673 |
| General Motors Corp | $6,264 | $6,968 |
| Newell Rubbermaid | $3,336 | $6,698 |
| Nordstrom Inc | $1,892 | $2,397 |
| Johnson & Johnson | $4,928 | $5,761 |
| Edgewell Pers Care Co | $5,899 | $7,299 |
| Steel Dynamics Inc | $2,791 | $5,337 |
| UBS Group AG | $5,648 | $5,485 |
| Arconic Inc | $4,001 | $3,393 |
| Bank of America | $6,347 | $9,393 |
| Corning | $3,879 | $4,854 |
| Delta Air Lines | $4,526 | $6,149 |
| Kroger Company | $7,055 | $6,902 |
| Mosaic Company | $2,575 | $2,933 |
| Southwest Airlines | $3,664 | $4,984 |
| Teva Pharmaceutical | $5,551 | $3,625 |
| TRI Pointe Group | $4,434 | $4,592 |
| Adient PLC | $559 | $703 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Brandywine Realty Preferred | AT COST | $3,233 | $3,715 |
| CBL & Assoc Pptys Inc | AT COST | $4,830 | $4,890 |
| Weyerhaeuser | AT COST | $7,443 | $7,523 |
| Potlach Corporation | AT COST | $3,699 | $4,165 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Furniture and Fixtures | $991 | $991 | ||
| Machinery and Equipment | $29,107 | $28,634 | $473 | $473 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Adams Hendon Carson Crow | CategoryTxt |
| Legal Fees | $345 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| ADR Fees | $3 | $3 |
| Postage & Shipping | $63 | |
| Telephone | $5,316 | |
| Utilities | $87 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Payable to Paul R. Farago | Desc |
| BOY Book Value | $5,201 | BOYBookValueAmt |
| EOY Book Value | $10,917 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Fees | CategoryTxt |
| Amt | $2,730 | Amt |
| Net Investment Income | $2,730 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Foreign Tax Withholding | CategoryTxt |
| Amt | $78 | Amt |
| Net Investment Income | $78 | NetInvestmentIncomeAmt |
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