GATEWOOD FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: GATEWOOD FOUNDATION INC (EIN 20-4254147)
Tax period: 2016-01-01 to 2016-12-31
Filed: 2017-04-12
IRS object ID: 201711029349100516
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
Investments Corp Stock Schedule
Other Increases Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-04-12T10:53:55-07:00	ReturnTs
Tax Period End	2016-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Vicki Pyles Owens CPA PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	4 N Main St	AddressLine1Txt
City	Cedartown	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	30125	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	204254147	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GATEWOOD FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	GATE	BusinessNameControlTxt
Phone	7707490180	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 897	AddressLine1Txt
City	CEDARTOWN	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	30125	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DEBORAH S FREEMAN	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	7707490180	PhoneNum
Signature	2017-04-06	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	VICKI P OWENS	PreparerPersonNm
Phone	7707488254	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	47.48.198.102	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2017-04-12	IPDt
IP Tm	10:53:41	IPTm
IP Timezone	PD	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	40304F8F817BD888D6F2B2A6945223BA1F76A3BB	AtSubmissionCreationDeviceId
At Submission Filing Device Id	40304F8F817BD888D6F2B2A6945223BA1F76A3BB	AtSubmissionFilingDeviceId

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	$24,069	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	$725	DividendsRevAndExpnssAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$725	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss	$195	AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss	$188	OtherProfFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$383	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$2,500	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$2,500	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$2,883	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$2,500	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$2,158	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$3,287	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$1,129	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$1,129	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$23,163	CorporateStockBOYAmt
Corporate Stock EOY	$22,940	CorporateStockEOYAmt
Corporate Stock EOYFMV	$22,940	CorporateStockEOYFMVAmt
Total Assets BOY	$26,450	TotalAssetsBOYAmt
Total Assets EOY	$24,069	TotalAssetsEOYAmt
Total Assets EOYFMV	$24,069	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Capital Stock BOY	$26,450	CapitalStockBOYAmt
Capital Stock EOY	$24,069	CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY	$26,450	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$24,069	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$26,450	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$24,069	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$26,450	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$2,158	ExcessRevenueOverExpensesAmt
Other Increases	-$223	OtherIncreasesAmt
Subtotal	$24,069	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$24,069	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Adjusted Qlfy Distri Yr1	$2,650	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$22,816	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.116147	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$6,000	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$28,062	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.213812	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$4,250	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$32,713	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.129918	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$7,000	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$33,313	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.210128	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$500	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$35,616	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.014039	DistributionYr5Rt
Total Distribution	0.684044	TotalDistributionRt
Average Distribution	0.136809	AverageDistributionRt
Net Vl Noncharitable Assets	$23,708	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$3,243	AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct	$3,243	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$2,500	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Tax Based On Investment Income	$0	TaxBasedOnInvestmentIncomeAmt
Applied To ES Tax	$0	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
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	false	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
Individual With Books	REED FREEMAN	IndividualWithBooksNm
Phone	7707490180	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	4 N MAIN ST	AddressLine1Txt
City	CEDARTOWN	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	30125	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
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
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
DEBORAH S FREEMAN
607 CHEROKEE RD	CEDARTOWN	GA	30125	PRESIDENT	0	$0	$0	$0
MOLLY F JORDAN
CHEROKEE RD	CEDARTOWN	GA	30125	SECRETARY	0	$0	$0	$0
JOHN R FREEMAN
607 CHEROKEE RD	CEDARTOWN	GA	30125	TREASURER	0	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	PROVIDED FUNDS TO 501(C)(3) ORGANIZATIONS	Description1Txt
Expenses1	$2,500	Expenses1Amt
Expenses2	$0	Expenses2Amt
Expenses3	$0	Expenses3Amt
Expenses4	$0	Expenses4Amt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$0	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$24,069	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$24,069	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$24,069	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$361	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$23,708	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$1,185	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$1,185	MinimumInvestmentReturnAmt
Distributable Before Adj	$1,185	DistributableBeforeAdjAmt
Distributable Before Ded	$1,185	DistributableBeforeDedAmt
Distributable As Adjusted	$1,185	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$2,500	ExpensesAndContributionsAmt
Qualifying Distributions	$2,500	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$2,500	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$1,185	DistributableAsAdjustedAmt
Undistributed Income PY	$1,141	UndistributedIncomePYAmt
Excess Distribution Cyov Yr4	$5,334	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$948	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$4,364	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$1,247	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$11,893	TotalExcessDistributionCyovAmt
Qualifying Distributions	$2,500	QualifyingDistributionsAmt
Remaining Distri From Corpus	$2,500	RemainingDistriFromCorpusAmt
Total Corpus	$14,393	TotalCorpusAmt
Taxable2	$1,141	Taxable2Amt
Undistributed Income CY	$1,185	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$14,393	ExcessDistriCyovToNextYrAmt
Excess From Year4	$5,334	ExcessFromYear4Amt
Excess From Year3	$948	ExcessFromYear3Amt
Excess From Year2	$4,364	ExcessFromYear2Amt
Excess From Year1	$1,247	ExcessFromYear1Amt
Excess From Current Year	$2,500	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	REED DEBORAH FREEMAN	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
CEDARTOWN MUSEUM
MAIN STREET	CEDARTOWN	GA	30125	501(C)	EDUCATION	$500
DARLINGTON SCHOOL
1014 CAVE SPRING RD	ROME	GA	30165	501(C)	EDUCATION	$1,500
CITY OF CEDARTOWN STATUES
EAST AVENUE	CEDARTOWN	GA	30125	501(C)3	EDUCATION	$500

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$2,500	TotalGrantOrContriPdDurYrAmt

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	VICKI OWENS CPA TAX RETURN	CategoryTxt
Amt	$195	Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	CETERA ADVISORS	StockNm
EOY Book Value	$22,940	EOYBookValueAmt
EOYFMV	$22,940	EOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	DECREASE IN MARKET VALUE	Desc
Amt	-$223	Amt

GATEWOOD FOUNDATION INC: Form 990PF, tax year 2016

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

Filing Security Information FilingSecurityInformation

IP Address IPAddress

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)

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

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 (3 entries)

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

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