Constructive Management Foundation: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- Constructive Management Foundation (EIN 05-0438672)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-05-13
- IRS object ID
- 201611349349103126
- Schema version
- 2015v2.0
- 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 Bonds 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 | 2016-05-13T15:41:39-07:00 | ReturnTs |
| Tax Period End | 2015-12-31 | 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 | 2015-01-01 | 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 | 2016-05-13 | 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 | 2015 | TaxYr |
| Build TS | 2016-09-27 15:27:22Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $337,656 | 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 | $10,263 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $10,263 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $36,508 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $123,979 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $36,508 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $46,771 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $46,771 | TotalNetInvstIncmAmt |
| Legal Fees Rev And Expnss | $171 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $1,240 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $6,000 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $6,000 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $81 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $81 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $279 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $5,421 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $13,192 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $6,081 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $42,150 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $42,150 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $55,342 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $6,081 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $42,150 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$8,571 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $40,690 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $52,867 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $72,714 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $72,714 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $251,182 | CorporateStockBOYAmt |
| Corporate Stock EOY | $210,457 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $235,175 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $10,794 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $10,794 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $8,100 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $19,552 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $24,265 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $20,947 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $30,098 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $29,378 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $999 | LandBOYAmt |
| Land EOY | $720 | LandEOYAmt |
| Land EOYFMV | $720 | LandEOYFMVAmt |
| Total Assets BOY | $335,394 | TotalAssetsBOYAmt |
| Total Assets EOY | $318,950 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $337,656 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $13,074 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $5,201 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $13,074 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,201 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $322,320 | RetainedEarningBOYAmt |
| Retained Earning EOY | $313,749 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $322,320 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $313,749 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $335,394 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $318,950 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $322,320 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$8,571 | ExcessRevenueOverExpensesAmt |
| Subtotal | $313,749 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $313,749 | 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 | 2015-01-01 | 2015-12-31 | $3,975 | $4,643 | -$668 | -$668 |
| See Attached Statement | P | 2014-01-01 | 2015-12-31 | $119,504 | $82,828 | $36,676 | $36,676 |
| Capital Gain Dividends | $500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $36,508 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$668 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $36,753 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $430,337 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.08541 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $5,000 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $391,091 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.01279 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $40,958 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $368,701 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.11109 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $10,155 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $372,456 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.02727 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $37,009 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $375,569 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.09854 | DistributionYr5Rt |
| Total Distribution | 0.335083 | TotalDistributionRt |
| Average Distribution | 0.067017 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $390,396 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $26,163 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $407 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $26,570 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $42,150 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $407 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $407 | SubtotalAmt |
| Tax Based On Investment Income | $407 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $703 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $703 | TotalPaymentsAndCreditsAmt |
| Overpayment | $296 | OverpaymentAmt |
| Applied To ES Tax | $296 | 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 | $338,926 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $57,415 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $396,341 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $396,341 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $5,945 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $390,396 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $19,520 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $19,520 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $407 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $407 | TotalTaxAmt |
| Distributable Before Adj | $19,113 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $19,113 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $19,113 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $42,150 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $42,150 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $407 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $41,743 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $19,113 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $6,492 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr3 | $23,037 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr1 | $15,830 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $45,359 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $42,150 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $19,113 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $23,037 | RemainingDistriFromCorpusAmt |
| Total Corpus | $68,396 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $6,492 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $61,904 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $23,037 | ExcessFromYear3Amt |
| Excess From Year1 | $15,830 | ExcessFromYear1Amt |
| Excess From Current Year | $23,037 | 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 (10 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| YMCA of Western North Carolina | |||||||
| 30 Woodfin Street | Asheville | NC | 28801 | None | PC | Charitable | $2,500 |
| Asheville JCC | |||||||
| 236 Charlotte Street | Asheville | NC | 28801 | None | PC | Charitable | $2,500 |
| John Locke Foundation | |||||||
| 200 W Morgan Street Suite 200 | Raleigh | NC | 27601 | None | PC | Charitable | $500 |
| 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 | $30,000 |
| Penland School of Crafts | |||||||
| PO Box 37 | Penland | NC | 28765 | None | PC | Charitable | $1,000 |
| William F Buckley Jr Program | |||||||
| 111 Whitney Avenue | New Haven | CT | 06510 | None | PC | Charitable | $200 |
| Judical Education Program | |||||||
| 5 Hanover Square | New York | NY | 10004 | None | PC | Charitable | $5,000 |
| Alzheimers Association | |||||||
| 4600 Park Road 250 | Charlotte | NC | 28209 | None | PC | Charitable | $300 |
| Asheville Community Theatre | |||||||
| 35 E Walnut St | Asheville | NC | 28801 | None | PC | Charitable | $100 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $42,150 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $10,263 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $36,508 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $46,771 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $46,771 | 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 | $1,240 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (2 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt |
|---|---|---|---|---|---|---|
| Computer Equipment | 2010-04-28 | $499 | $467 | SL | 5.0000 | $32 |
| Computer Equipment | 2013-12-10 | $1,235 | $268 | SL | 5.0000 | $247 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | United States Steel Corp | BondNm |
| EOY Book Value | $10,794 | EOYBookValueAmt |
| EOYFMV | $8,100 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (41 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| General Electric | $3,856 | $5,451 |
| Hewlett-Packard Company | $2,564 | $2,664 |
| Pfizer | $4,989 | $6,456 |
| Crown Holding Inc | $2,571 | $6,337 |
| Intel Corp | $2,732 | $5,168 |
| Olin Corp | $4,943 | $4,315 |
| Alexandria Real Estate | $5,017 | $5,140 |
| BB&T Corp | $5,376 | $7,562 |
| Microsoft Corp | $2,061 | $5,548 |
| Unilever NV | $4,296 | $6,498 |
| Ford Motor Company | $4,100 | $7,045 |
| General Mills Inc | $2,455 | $5,766 |
| Energizer Holdings | $4,902 | $5,109 |
| Exxon Mobil Corporation | $8,853 | $7,795 |
| International Paper Co | $6,863 | $7,540 |
| Merck & Co. | $5,959 | $7,923 |
| Owens Illinois Inc | $6,322 | $4,355 |
| Alcoa Inc. | $5,641 | $5,429 |
| Royal Dutch Shell PLC | $9,025 | $6,906 |
| Allegheny Technologies Inc | $7,441 | $2,813 |
| Dow Chemical Company | $3,791 | $5,148 |
| Firstmerit Corp | $6,639 | $7,460 |
| Johnson Controls | $4,363 | $5,924 |
| JP Morgan Chase & Co | $3,581 | $6,603 |
| AT&T Inc | $6,933 | $6,882 |
| Brandywine Realty 6.9% Preferred | $3,788 | $4,014 |
| CBL & Assoc Pptys Inc | $4,830 | $5,058 |
| Cisco Systems | $4,573 | $6,110 |
| Goldman Sachs Group Inc | $5,933 | $6,120 |
| Potash Corp of Saskatchewan | $8,201 | $5,136 |
| Boeing | $6,026 | $7,230 |
| BP PLC | $9,191 | $6,252 |
| General Motors Corp | $6,264 | $6,802 |
| Jarden Corporation | $2,811 | $4,284 |
| Newell Rubbermaid | $4,760 | $6,612 |
| TCF Financial Corp | $4,812 | $4,236 |
| Nordstrom Inc | $7,282 | $6,226 |
| Johnson & Johnson | $4,928 | $5,136 |
| Edgewell Pers Care Co | $1,973 | $3,918 |
| Steel Dynamics Inc | $5,581 | $5,361 |
| UBS Group AG | $4,231 | $4,843 |
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 | $3,074 |
| CBL & Assoc Pptys Inc | AT COST | $5,951 | $4,330 |
| Weyerhaeuser | AT COST | $7,443 | $7,495 |
| Potlach Corporation | AT COST | $7,638 | $6,048 |
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 | $28,387 | $720 | $720 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Adams Hendon Carson Crow | CategoryTxt |
| Legal Fees | $171 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| Postage & Shipping | $220 |
| Telephone | $2,783 |
| Utilities | $2,418 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Payable to Paul R. Farago | Desc |
| BOY Book Value | $13,074 | BOYBookValueAmt |
| EOY Book Value | $5,201 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Fees | CategoryTxt |
| Amt | $6,000 | Amt |
| Net Investment Income | $6,000 | 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 | $81 | Amt |
| Net Investment Income | $81 | NetInvestmentIncomeAmt |
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