GATEWOOD FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
GATEWOOD FOUNDATION INC (EIN 20-4254147)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-05-05
IRS object ID
201631269349100518
Schema version
2015v2.1
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)
Return2016-05-05T08:03:36-07:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Vicki Pyles Owens CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14 N Main StAddressLine1Txt
CityCedartownCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30125ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN204254147EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GATEWOOD FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGATEBusinessNameControlTxt
Phone7707490180PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 897AddressLine1Txt
CityCEDARTOWNCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30125ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDEBORAH S FREEMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7707490180PhoneNum
Signature2016-05-04SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonVICKI P OWENSPreparerPersonNm
Phone7707488254PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$26,450FMVAssetsEOYAmt
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$680DividendsRevAndExpnssAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$680TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$195AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$138OtherProfFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$333TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$2,650ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$2,650ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,983TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$2,650TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$2,303ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$5,590SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$3,287SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$3,287SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$22,899CorporateStockBOYAmt
Corporate Stock EOY$23,163CorporateStockEOYAmt
Corporate Stock EOYFMV$23,163CorporateStockEOYFMVAmt
Total Assets BOY$28,489TotalAssetsBOYAmt
Total Assets EOY$26,450TotalAssetsEOYAmt
Total Assets EOYFMV$26,450TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$28,489CapitalStockBOYAmt
Capital Stock EOY$26,450CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$28,489TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$26,450TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$28,489TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$26,450TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$28,489TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$2,303ExcessRevenueOverExpensesAmt
Other Increases$264OtherIncreasesAmt
Subtotal$26,450SubtotalAmt
Tot Net Ast Or Fund Balances EOY$26,450TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Adjusted Qlfy Distri Yr1$6,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$28,062NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.213812DistributionYr1Rt
Adjusted Qlfy Distri Yr2$4,250AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$32,713NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.129918DistributionYr2Rt
Adjusted Qlfy Distri Yr3$7,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$33,313NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.210128DistributionYr3Rt
Adjusted Qlfy Distri Yr4$500AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$35,616NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.014039DistributionYr4Rt
Adjusted Qlfy Distri Yr5$1,800AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$38,512NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.046739DistributionYr5Rt
Total Distribution0.614636TotalDistributionRt
Average Distribution0.122927AverageDistributionRt
Net Vl Noncharitable Assets$22,816NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$2,805AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$2,805AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$2,650QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
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 RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksREED FREEMANIndividualWithBooksNm
Phone7707490180PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14 N MAIN STAddressLine1Txt
CityCEDARTOWNCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30125ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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
DEBORAH S FREEMAN
607 CHEROKEE RDCEDARTOWNGA30125PRESIDENT0$0$0$0
MOLLY F JORDAN
CHEROKEE RDCEDARTOWNGA30125SECRETARY0$0$0$0
JOHN R FREEMAN
607 CHEROKEE RDCEDARTOWNGA30125TREASURER0$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1PROVIDED FUNDS TO 501(C)(3) ORGANIZATIONSDescription1Txt
Expenses1$2,650Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$23,163FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$23,163TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$23,163AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$347CashDeemedCharitableAmt
Net Vl Noncharitable Assets$22,816NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,141MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,141MinimumInvestmentReturnAmt
Distributable Before Adj$1,141DistributableBeforeAdjAmt
Distributable Before Ded$1,141DistributableBeforeDedAmt
Distributable As Adjusted$1,141DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$2,650ExpensesAndContributionsAmt
Qualifying Distributions$2,650QualifyingDistributionsAmt
Adjusted Qualifying Distri$2,650AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,141DistributableAsAdjustedAmt
Undistributed Income PY$1,403UndistributedIncomePYAmt
Excess Distribution Cyov Yr5$30ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$5,334ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$948ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$4,364ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$10,676TotalExcessDistributionCyovAmt
Qualifying Distributions$2,650QualifyingDistributionsAmt
Applied To Year1$1,403AppliedToYear1Amt
Remaining Distri From Corpus$1,247RemainingDistriFromCorpusAmt
Total Corpus$11,923TotalCorpusAmt
Undistributed Income CY$1,141UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$30ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$11,893ExcessDistriCyovToNextYrAmt
Excess From Year3$5,334ExcessFromYear3Amt
Excess From Year2$948ExcessFromYear2Amt
Excess From Year1$4,364ExcessFromYear1Amt
Excess From Current Year$1,247ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerREED DEBORAH FREEMANContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
GEORGIA LAND TRUST
428 BULL STRETESAVANNAHGA31401501(C)CONSERVATION$1,000
DARLINGTON SCHOOL
1014 CAVE SPRING RDROMEGA30165501(C)EDUCATION$1,500
CEDAR VALLEY ARTS FESTIVAL
COLLEGE STREETCEDARTOWNGA30125501(C)3SOCIAL$150
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$2,650TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Rev Part VII ProgramServiceRevPartVIIGrp

FieldValueIRS element (for citing)
DescNONEDesc

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$680RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$680RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$680TotalIncomeProducingActyAmt

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)
CategoryVICKI OWENS CPA TAX RETURNCategoryTxt
Amt$195Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCETERA ADVISORSStockNm
EOY Book Value$23,163EOYBookValueAmt
EOYFMV$23,163EOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescIncrease in Market ValueDesc
Amt$264Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryD. REED FREEMAN INV. ADVISORY SERVICESCategoryTxt
Amt$138Amt

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