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PATRICK BEAVER SCHOLARSHIP FOUNDATION INC: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
PATRICK BEAVER SCHOLARSHIP FOUNDATION INC (EIN 56-2048446)
Tax period
2014-09-01 to 2015-08-31
Filed
2016-01-13
IRS object ID
201640139349100104
Schema version
2014v6.0
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)
Return2016-01-13T15:31:08-06:00ReturnTs
Tax Period End2015-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1One Hollow Ln Ste 212AddressLine1Txt
CityLake SuccessCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN562048446EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Patrick Beaver Scholarship Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlPATRBusinessNameControlTxt
Phone8283250655PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12425 North Center StreetAddressLine1Txt
CityHickoryCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28601ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPatricia A AndersonPersonNm
Person TitleTreasurerPersonTitleTxt
Phone8008391754PhoneNum
Signature2016-01-06SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-04-25 22:37:26ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,583,532FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$104InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$104InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$54,041DividendsRevAndExpnssAmt
Dividends Net Invst Incm$54,041DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$5,736NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$335,912GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$10,148CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$59,881TotalRevAndExpnssAmt
Total Net Invst Incm$64,293TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$17,439OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$2,439OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$15,000OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$2,046TaxesRevAndExpnssAmt
Taxes Net Invst Incm$579TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$9,157OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$177OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$8,980OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$28,642TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,195TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$23,980TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$44,508ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$44,508ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$73,150TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,195TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$68,488TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$13,269ExcessRevenueOverExpensesAmt
Net Investment Income$61,098NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$21,473SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$53,073SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$53,073SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$762,671CorporateStockBOYAmt
Corporate Stock EOY$712,088CorporateStockEOYAmt
Corporate Stock EOYFMV$995,482CorporateStockEOYFMVAmt
Corporate Bonds BOY$546,340CorporateBondsBOYAmt
Corporate Bonds EOY$552,054CorporateBondsEOYAmt
Corporate Bonds EOYFMV$534,977CorporateBondsEOYFMVAmt
Total Assets BOY$1,330,484TotalAssetsBOYAmt
Total Assets EOY$1,317,215TotalAssetsEOYAmt
Total Assets EOYFMV$1,583,532TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$1,330,484RetainedEarningBOYAmt
Retained Earning EOY$1,317,215RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,330,484TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,317,215TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,330,484TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,317,215TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,330,484TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$13,269ExcessRevenueOverExpensesAmt
Subtotal$1,317,215SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,317,215TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$335,912GrossSalesPriceAmt
Cost Or Other Basis$325,764CostOrOtherBasisAmt
Gain Or Loss$10,148GainOrLossAmt
Gains Minus Excess Or Losses$10,148GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$10,148CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxYes (true)LiableSection4942TaxInd

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,222InvestmentIncomeExciseTaxAmt
Subtotal$1,222SubtotalAmt
Tax Based On Investment Income$1,222TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,200EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,200TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Tax Due$22TaxDueAmt

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 StateNCOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
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 PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
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 (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Patricia A Anderson
2425 North Center StreetHickoryNC28601Dir / Treas1.0$0
Donald C Beaver
2425 North Center StreetHickoryNC28601Pres / Dir1.0$0
Deborah B Looper
2425 North Center StreetHickoryNC28601Dir1.0$0
Donna B Malone
2425 North Center StreetHickoryNC28601Dir1.0$0
Angela B Simmons
2425 North Center StreetHickoryNC28601Dir / Sec1.0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,609,031AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$42,863AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,651,894TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$1,651,894AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$24,778CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,627,116NetVlNoncharitableAssetsAmt
Minimum Investment Return$81,356MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$81,356MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,222TaxBasedOnInvestmentIncomeAmt
Total Tax$1,222TotalTaxAmt
Distributable Before Adj$80,134DistributableBeforeAdjAmt
Distributable Before Ded$80,134DistributableBeforeDedAmt
Distributable As Adjusted$80,134DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$68,488ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$68,488QualifyingDistributionsAmt
Adjusted Qualifying Distri$68,488AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$80,134DistributableAsAdjustedAmt
Undistributed Income PY$21,625UndistributedIncomePYAmt
Prior Year12012PriorYear1Yr
Prior Year22011PriorYear2Yr
Prior Year32010PriorYear3Yr
Qualifying Distributions$68,488QualifyingDistributionsAmt
Applied To Year1$21,625AppliedToYear1Amt
Applied To Current Year$46,863AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$33,271UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonAngela B SimmonsRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12425 N Center Street STE 362AddressLine1Txt
CityHickoryCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28601ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8283250655RecipientPhoneNum
Form And Info And MaterialsONLINE VIA FOUNDATION SOURCE REQUESTS WEBSITE FOR PREAPPROVED SCHOLARSHIP PROGRAMFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsCANDIDATES PRIMARILY FROM CATAWBA COUNTYRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (32 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
M Sheets
BOX 32059BOONENC28608NoneIScholarship Grant$2,336
K Mathewson
BOX 32059BOONENC28608NoneIScholarship Grant$1,250
L Barkley
BOX 32059BOONENC28608NoneIScholarship Grant$1,875
G Locke
BOX 32059BOONENC28608NoneIScholarship Grant$2,336
L Barkley
BOX 32059BOONENC28608NoneIScholarship Grant$1,250
K Mathewson
BOX 32059BOONENC28608NoneIScholarship Grant$1,250
M Wicker
2550 HWY 70 SEHICKORYNC28602NoneIScholarship Grant$625
W VanVelsor
2550 HWY 70 SEHICKORYNC28602NoneIScholarship Grant$750
W VanVelsor
2550 HWY 70 SEHICKORYNC28602NONEIScholarship Grant$750
E Swink
66 GEORGE STCHARLESTONSC29424noneIScholarship Grant$1,250
E Swink
66 GEORGE STCHARLESTONSC29424NoneIScholarship Grant$2,500
R Ferner
PO BOX 90759DURHAMNC27708NoneIScholarship Grant$1,500
C Loflin
PO BOX 90759DURHAMNC27708NoneIScholarship Grant$1,250
C Loflin
PO BOX 90759DURHAMNC27708NoneIScholarship Grant$1,250
C Cummins
833 MONTLIEU AVEHIGH POINTNC27268NoneIScholarship Grant$1,250
C Cummins
833 MONTLIEU AVEHIGH POINTNC27268NoneIScholarship Grant$1,250
T Truong
PO BOX 7164HICKORYNC28603NoneIScholarship Grant$1,250
T Truong
PO BOX 7164HICKORYNC28603NoneIScholarship Grant$1,250
K Mayberry
2016 HARRIS HALL BOX 7302RALEIGHNC27695NoneIScholarship Grant$1,250
B Reeves
2016 HARRIS HALL BOX 7302RALEIGHNC27695NoneIScholarship Grant$1,500
J Kennedy
2016 HARRIS HALL BOX 7302RALEIGHNC27695NoneIScholarship Grant$1,500
K Mayberry
2016 HARRIS HALL BOX 7302RALEIGHNC27695NoneIScholarship Grant$1,250
J Craft
PO BOX 309CHAPEL HILLNC27514NoneIScholarship Grant$1,250
S Carter
PO BOX 309CHAPEL HILLNC27514NoneIScholarship Grant$2,336
J Craft
PO BOX 309CHAPEL HILLNC27514NoneIScholarship Grant$1,250
S Hunt
9201 UNIVERSITY CITY BLVDCHARLOTTENC28223NoneIScholarship Grant$1,250
S Hunt
9201 UNIVERSITY CITY BLVDCHARLOTTENC28223NoneIScholarship Grant$1,250
N Miyazaki
PO BOX 7246WINSTON SALEMNC27109NoneIScholarship Grant$1,250
A Sheets
PO BOX 7246WINSTON SALEMNC27109NoneIScholarship Grant$1,500
N Miyazaki
PO BOX 7246WINSTON SALEMNC27109NoneIScholarship Grant$1,250
L Miller
118 KILLIAN ANXCULLOWHEENC28723NoneIScholarship Grant$1,250
L Miller
118 KILLIAN ANXCULLOWHEENC28723NoneIScholarship Grant$1,250
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$44,508TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$104ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$54,041ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$5,736ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$59,881ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$59,881TotalIncomeProducingActyAmt

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

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp

FieldValueIRS element (for citing)
PersonAngela B SimmonsPersonNm
Short ExplanationABS LEGACY PARTNERS, A FIRM OWNED BY AN OFFICER OF THE PATRICK BEAVER FAMILY FOUNDATION (THE "FOUNDATION"), WAS PAID $15,000 BY THE FOUNDATION TO PROVIDE Consulting SERVICES. THIS COMPENSATION IS REPORTED ON PART I, LINE 16C TO BE CONSISTENT WITH THE CHARACTER OF THE EXPENSE. THE FIRM BILLED THE FOUNDATION AT OR BELOW MARKET RATES.ShortExplanationTxt

Depreciation Schedule DepreciationSchedule

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (21 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AES CORP - 8.000% - 10/15/2017$27,319$27,374
AMERICAN INTL GROUP INC - 5.45$27,392$26,703
CITIGROUP INC PERP-B NT - 5.90$25,687$24,563
COMCAST CORP - 5.875% - 02/15/$29,013$27,510
COUNTRYWIDE FINANCIAL CORP - 6$27,928$25,825
DIRECTV HOLDINGS FING - 1.750%$24,766$24,694
ENBRIDGE ENERGY PTRS LP BOND -$29,030$25,000
ENERGIZER - 4.700% - 05/19/202$25,528$25,264
ENTERPRISE PRODUCTS - 7.034% -$27,119$26,688
FRESENIUS MED CARE - 6.875% -$29,000$27,062
HCA INC - 4.250% - 10/15/2019$25,886$25,625
INT'L LEASE FIN CORP - 5.750%$27,237$25,469
KELLOGG CO SR NT - 1.750% - 05$25,232$25,081
MERRILL LYNCH & CO INC - 6.050$26,525$25,763
NETFLIX INC - 5.375% - 02/01/2$26,338$25,813
PEPSICO INC - 2.250% - 01/07/2$24,764$25,316
PETROBRAS INTL FIN CO NOTE - 3$25,776$24,987
SPRINT NEXTEL CORP BD - 6.000%$27,344$25,563
TELEFONICA EMISIONESSAU - 3.99$25,346$25,299
WACHOVIA CAPITAL TR BONDS - 5.$23,931$24,594
YUM! BRANDS INC - 3.875% - 11/$20,893$20,784

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (33 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
3M CO$15,202$15,635
ABBOTT LABS$34,550$38,497
ANHEUSER BUSCH COS INC$18,908$21,782
APPLE INC.$47,961$56,380
BANK OF AMERICA CORP$13,931$16,340
BECTON DICKINSON & CO$16,118$28,204
BERKSHIRE HATHAWAY INC. CLASS$36,173$100,529
BGE CAPITAL TRUST II$37,406$38,865
BLACKROCK INC$8,019$7,562
CHEVRON CORP$12,362$20,248
CHINA MOBILE HGK LTD$24,656$32,901
COLGATE-PALMOLIVE COMPANY$4,298$6,281
GENERAL ELECTRIC CO$24,591$37,230
GOOGLE INC CL C$36,674$49,460
JOHNSON & JOHNSON$12,609$28,194
MCDONALD'S CORP$10,916$19,004
MEDTRONIC PLC$23,085$21,687
MICROSOFT CORPORATION$10,348$21,760
NATIONAL GRID TRANSCO PLC$11,095$16,545
NESTLE S.A.$18,028$73,649
NIKE INC-CL B$16,734$22,350
PEPSICO INC$30,411$46,465
ROYAL DUTCH SHELL PLC$14,832$11,113
UNILEVER N V N Y$19,980$20,060
UNITED PARCEL SERVICE$29,690$39,060
UNITED TECHNOLOGIES CORP$16,476$13,742
VANGUARD FTSE EMERGING MARKETS$19,091$25,905
VANGUARD HEALTH CARE ETF$44,105$46,333
VERIZON COMMUNICATIONS$16,812$16,104
WAL-MART STORES INC.$40,077$45,311
WALT DISNEY HOLDINGS CO.$19,777$35,658
WELLS FARGO & COMPANY DEPOSITA$13,017$12,800
WHOLE FOODS MARKET, INC.$14,156$9,828

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
Administrative Fees$8,980$8,980
Bank Charges$177$177

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
CONSULTING FEES$15,000$15,000
Investment Management Services$2,439$2,439

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
990-PF Estimated Tax for 2015$1,200
990-PF Excise Tax for 2014$267
Foreign Tax Paid$579$579

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