THE TEASLEY FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
THE TEASLEY FOUNDATION INC (EIN 03-0493692)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-08-09
IRS object ID
201642229349100539
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)
Return2016-08-09T16:08:05-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN743106418PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DAN LEE & ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1836 SYCAMORE STAddressLine1Txt
CityDECATURCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30030ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN030493692EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE TEASLEY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTEASBusinessNameControlTxt
Phone4043324152PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1115AddressLine1Txt
CityCANTONCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30169ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM A TEASLEYPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone4043324152PhoneNum
Signature2016-08-09SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIEL C LEEPreparerPersonNm
PTINP00019102PTIN
Phone4043719846PhoneNum
Preparation2016-08-09PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-12-15 16:53:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$113,955FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$2InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$2InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$2,276DividendsRevAndExpnssAmt
Dividends Net Invst Incm$2,276DividendsNetInvstIncmAmt
Dividends Adj Net Incm$2,276DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$24,919NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$55,322GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$24,919CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$27,197TotalRevAndExpnssAmt
Total Net Invst Incm$27,197TotalNetInvstIncmAmt
Total Adj Net Incm$2,278TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$650AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$24TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$1,351OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,025TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$6,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$6,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$8,025TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$6,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$19,172ExcessRevenueOverExpensesAmt
Net Investment Income$27,197NetInvestmentIncomeAmt
Adjusted Net Income$2,278AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$3,275CashBOYAmt
Sav And Temp Cash Invst BOY$2,833SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$8,409SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$8,409SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$104,305CorporateStockBOYAmt
Corporate Stock EOY$105,546CorporateStockEOYAmt
Corporate Stock EOYFMV$105,546CorporateStockEOYFMVAmt
Total Assets BOY$110,413TotalAssetsBOYAmt
Total Assets EOY$113,955TotalAssetsEOYAmt
Total Assets EOYFMV$113,955TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$110,413RetainedEarningBOYAmt
Retained Earning EOY$113,955RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$110,413TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$113,955TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$110,413TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$113,955TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$110,413TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$19,172ExcessRevenueOverExpensesAmt
Subtotal$129,585SubtotalAmt
Other Decreases$15,630OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$113,955TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
364 ALERIAN MLP ETFP2014-12-082015-10-21$4,974$6,082-$1,108-$1,108
66 COCA COLA SHARESP2015-01-052015-01-16$2,795$2,821-$26-$26
84 ISHARES CHINA LARGE CAPP2015-02-202015-08-12$3,337$3,528-$191-$191
161 SPDR EURO STOXX 50 ETFP2014-12-082015-09-24$5,340$6,298-$958-$958
259 VANGUARD FTSE DEVELOPED MKTP2014-12-082015-09-24$9,133$10,299-$1,166-$1,166
550 WELLSFARGO SHARESP1990-09-012015-02-20$29,743$1,375$28,368$28,368
FieldValueIRS element (for citing)
Capital Gain Net Income$24,919CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$3,449NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Net Vl Noncharitable Assets Yr1$38,071NetVlNoncharitableAssetsYr1Amt
Adjusted Qlfy Distri Yr2$7,025AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,995NetVlNoncharitableAssetsYr2Amt
Distribution Yr23.521303DistributionYr2Rt
Adjusted Qlfy Distri Yr3$2,850AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$7,566NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.376685DistributionYr3Rt
Adjusted Qlfy Distri Yr4$5,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$2,807NetVlNoncharitableAssetsYr4Amt
Distribution Yr41.781261DistributionYr4Rt
Adjusted Qlfy Distri Yr5$5,275AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$2,465NetVlNoncharitableAssetsYr5Amt
Distribution Yr52.139959DistributionYr5Rt
Total Distribution7.819208TotalDistributionRt
Average Distribution1.954802AverageDistributionRt
Net Vl Noncharitable Assets$112,227NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$219,382AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$272NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$219,654AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$6,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$544InvestmentIncomeExciseTaxAmt
Subtotal$544SubtotalAmt
Tax Based On Investment Income$544TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$14EsPenaltyAmt
Tax Due$558TaxDueAmt

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 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 RqrfalseComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksSYLVIA TEASLEYIndividualWithBooksNm
Phone7702652820PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1141 BREEZE HILL LANEAddressLine1Txt
CityCANTONCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30114ZIPCd
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
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
WILLIAM A TEASLEY
141 BREEZE HILL LANECANTONGA30114DIRECTOR1.00$0$0$0
SYLVIA C TEASLEY
141 BREEZE HILL LANECANTONGA30114DIRECTOR1.00$0$0$0
SARA E T TROPE
2110 OAKVIEW ROAD SEATLANTAGA30317DIRECTOR1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$106,247AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$7,689AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$113,936TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$113,936AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,709CashDeemedCharitableAmt
Net Vl Noncharitable Assets$112,227NetVlNoncharitableAssetsAmt
Minimum Investment Return$5,611MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$5,611MinimumInvestmentReturnAmt
Tax Based On Investment Income$544TaxBasedOnInvestmentIncomeAmt
Total Tax$544TotalTaxAmt
Distributable Before Adj$5,067DistributableBeforeAdjAmt
Distributable Before Ded$5,067DistributableBeforeDedAmt
Distributable As Adjusted$5,067DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$6,000ExpensesAndContributionsAmt
Qualifying Distributions$6,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$6,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$5,067DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$5,152ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$4,860ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$2,472ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$6,925ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$19,409TotalExcessDistributionCyovAmt
Qualifying Distributions$6,000QualifyingDistributionsAmt
Applied To Current Year$5,067AppliedToCurrentYearAmt
Remaining Distri From Corpus$933RemainingDistriFromCorpusAmt
Total Corpus$20,342TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$5,152ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$15,190ExcessDistriCyovToNextYrAmt
Excess From Year4$4,860ExcessFromYear4Amt
Excess From Year3$2,472ExcessFromYear3Amt
Excess From Year2$6,925ExcessFromYear2Amt
Excess From Current Year$933ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1MA TEASLEY MIDDLE SCHOOL FOUNDATIONBusinessNameLine1Txt
Business Name Line2MA EASLEY MIDDLE SCHOOL FOUNDATIONBusinessNameLine2Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1151 HICKORY LOG DRIVEAddressLine1Txt
CityCANTONCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30114ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeMIDDLE SCHOOLGrantOrContributionPurposeTxt
Amt$6,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$6,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,276RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$24,919RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$27,197RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$27,197TotalIncomeProducingActyAmt

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)
CategoryACCOUNTING FEESCategoryTxt
Amt$650Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
WELLS FARGO$23,135$24,462
STOCK AND ETFS$82,411$81,084

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (3 entries)

DescDescAmtAmt
DOWNWARD BASIS ADJ - WELLS FARGO STOCK SALE$15,304
TO CORRECT BEG CASH BAL WELLS FARGO$325
ROUNDING AD$1

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BROKERAGE FEES$1,351

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$24Amt

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