PRUITT PRIVATE FOUNDATION TRUST REV TR CREATED AGREEMENT 052197: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
PRUITT PRIVATE FOUNDATION TRUST REV TR CREATED AGREEMENT 052197 (EIN 58-6343480)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-05-12
IRS object ID
201521329349101217
Schema version
2014v5.0
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)
Return2015-05-12T05:40:50-07:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JOHNSON & FIELDS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1161 EAST DOYLE STAddressLine1Txt
CityTOCCOACityNm
State AbbreviationGAStateAbbreviationCd
ZIP305772105ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN586343480EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE PRUITT FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPRUIBusinessNameControlTxt
Phone7068868493PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1210AddressLine1Txt
CityTOCCOACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30577ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNANCY W PRUITTPersonNm
Person TitleChairmanPersonTitleTxt
Signature2015-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJ Sam Johnson CPAPreparerPersonNm
PTINP00117357PTIN
Phone7068863173PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
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$25,086DividendsRevAndExpnssAmt
Dividends Net Invst Incm$25,086DividendsNetInvstIncmAmt
Dividends Adj Net Incm$25,086DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$9,065NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$21,117GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$9,065CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$537NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$34,151TotalRevAndExpnssAmt
Total Net Invst Incm$34,151TotalNetInvstIncmAmt
Total Adj Net Incm$25,623TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$3,552OtherProfFeesRevAndExpnssAmt
Interest Rev And Expnss$2,385InterestRevAndExpnssAmt
Taxes Rev And Expnss$663TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$6,600TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$57,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$57,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$63,600TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$57,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$29,449ExcessRevenueOverExpensesAmt
Net Investment Income$34,151NetInvestmentIncomeAmt
Adjusted Net Income$25,623AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$1,715SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$2,691SavAndTempCashInvstEOYAmt
Corporate Stock BOY$1,377,955CorporateStockBOYAmt
Corporate Stock EOY$1,386,328CorporateStockEOYAmt
Total Assets BOY$1,379,670TotalAssetsBOYAmt
Total Assets EOY$1,389,019TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Other Liabilities BOY$41,978OtherLiabilitiesBOYAmt
Other Liabilities EOY$80,776OtherLiabilitiesEOYAmt
Total Liabilities BOY$41,978TotalLiabilitiesBOYAmt
Total Liabilities EOY$80,776TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$1,337,692UnrestrictedBOYAmt
Unrestricted EOY$1,308,243UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,337,692TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,308,243TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,379,670TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,389,019TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,337,692TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$29,449ExcessRevenueOverExpensesAmt
Subtotal$1,308,243SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,308,243TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$9,065CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$537NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$52,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,131,351NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.04596DistributionYr1Rt
Adjusted Qlfy Distri Yr2$47,500AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,052,223NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.04514DistributionYr2Rt
Adjusted Qlfy Distri Yr3$47,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$958,326NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.04904DistributionYr3Rt
Adjusted Qlfy Distri Yr4$44,700AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$946,971NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.04720DistributionYr4Rt
Adjusted Qlfy Distri Yr5$74,667AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$899,427NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.08302DistributionYr5Rt
Total Distribution0.27037TotalDistributionRt
Average Distribution0.05407AverageDistributionRt
Net Vl Noncharitable Assets$1,236,669NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$66,872AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$342NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$67,214AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$57,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$683InvestmentIncomeExciseTaxAmt
Subtotal$683SubtotalAmt
Tax Based On Investment Income$683TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$600EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$600TotalPaymentsAndCreditsAmt
Tax Due$83TaxDueAmt

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
Form990 T FiledfalseForm990TFiledInd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1NANCY W PRUITTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7068868493PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1211 E DOYLE STREETAddressLine1Txt
CityTOCCOACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30577ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
NEIL L PRUITT JR
PO BOX 1155TOCCOAGA30577Trustee0.00$0
NANCY W PRUITT
PO BOX 1155TOCCOAGA30577Chairman0.00$0
LISA P HAMBY
PO BOX 1155TOCCOAGA30577Trustee0.00$0
J PAIGE PRUITT
PO BOX 1155TOCCOAGA30577Trustee0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,251,999AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$3,503AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,255,502TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,255,502AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$18,833CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,236,669NetVlNoncharitableAssetsAmt
Minimum Investment Return$61,833MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$61,833MinimumInvestmentReturnAmt
Tax Based On Investment Income$683TaxBasedOnInvestmentIncomeAmt
Total Tax$683TotalTaxAmt
Distributable Before Adj$61,150DistributableBeforeAdjAmt
Distributable Before Ded$61,150DistributableBeforeDedAmt
Distributable As Adjusted$61,150DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$57,000ExpensesAndContributionsAmt
Qualifying Distributions$57,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$57,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$61,150DistributableAsAdjustedAmt
Undistributed Income PY$55,864UndistributedIncomePYAmt
Qualifying Distributions$57,000QualifyingDistributionsAmt
Applied To Year1$55,864AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,136AppliedToCurrentYearAmt
Undistributed Income CY$60,014UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
SALVATION ARMY
348 E FRANKLIN STTOCCOAGA30577NONEN/AGENERAL BUDGET$2,000
PRUITT CARES FOUNDATION
1626 JEURGENS COURTNORCROSSGA30093NONEN/AGENERAL BUDGET$15,000
TALLULAH FALL METHODIST CHURCH
204 CHURCH STREETTALLULAH FALLSGA30573NONEN/ACEMETARY FUND$500
LAKE RABUN ASSOC FOUNDATION
PO BOX 490LAKEMONTGA30552NONEN/AGENERAL BUDGET$2,000
ST JUDE'S CHILDRENS' RESEARCH
501 ST JUDE PLACEMEMPHISTN38105NONEN/AGENERAL BUDGET$2,000
TOCCOA ELEMENTARY SCHOOL
304 NORTH POND STREETTOCCOAGA30577NONEN/ABOOKS FOR LIBRARY$15,000
LAKEMONT-WILEY FIRE DEPARTMENT
HWY 441WILEYGA30581NONEN/AGENERAL FUND$2,000
HOLY INNOCENTS EPISCOPAL SCHOOL
805 MOUNT VERNON HWY NWATLANTAGA30327NONEN/AGENERAL FUND$10,000
FAITH IN RABUN COUNTY
744 E CURRAHEE STREETTOCCOAGA30577NONEN/AGENERAL BUDGET$1,500
LAKEVIEW ACADEMY
796 LAKEVIEW DRIVEGAINESVILLEGA30501NONEN/AGENERAL BUDGET$7,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$57,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Related Or Exempt Function Incm$25,086RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$9,065RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$34,151RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$34,151TotalIncomeProducingActyAmt

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

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescPortfolio Credit LineDesc
BOY Book Value$41,978BOYBookValueAmt
EOY Book Value$80,776EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Accounting$2,100$0$0$0
Investment Mgt Fees$1,452$0$0$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINCOME TAXESCategoryTxt
Amt$663Amt

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