BETA

STUART AND MARGARET L FORBES FOUNDA: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
STUART AND MARGARET L FORBES FOUNDA (EIN 56-2079528)
Tax period
2014-03-01 to 2015-02-28
Filed
2015-05-12
IRS object ID
201531329349102353
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)
Return2015-05-12T12:56:59-05:00ReturnTs
Tax Period End2015-02-28TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN560747981PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DIXON HUGHES GOODMAN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 RIDGEFIELD COURTAddressLine1Txt
CityASHEVILLECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28806ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-03-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN562079528EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1STUART AND MARGARET L FORBES FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSTUABusinessNameControlTxt
Phone8282542254PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1146AddressLine1Txt
CityCOLUMBUSCityNm
State AbbreviationNCStateAbbreviationCd
ZIP287221146ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES T BOYLE JRPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8282542254PhoneNum
Signature2015-04-24SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAMY BIBBYPreparerPersonNm
PTINP00445891PTIN
Phone8282542254PhoneNum
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$1,025,506FMVAssetsEOYAmt
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
Dividends Rev And Expnss$37,928DividendsRevAndExpnssAmt
Dividends Net Invst Incm$37,928DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$46,111NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$151,028GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$46,111CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$667OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$667OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$84,708TotalRevAndExpnssAmt
Total Net Invst Incm$84,708TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$5,500AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$5,500AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$1,861TaxesRevAndExpnssAmt
Taxes Net Invst Incm$0TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$273DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$0DeprecAndDpltnNetInvstIncmAmt
Other Expenses Rev And Expnss$4,072OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$0OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$4,072OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$11,706TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$9,572TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$29,198ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$29,198ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$40,904TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$38,770TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$43,804ExcessRevenueOverExpensesAmt
Net Investment Income$84,708NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$4,321CashBOYAmt
Cash EOY$4,692CashEOYAmt
Cash EOYFMV$4,692CashEOYFMVAmt
Sav And Temp Cash Invst BOY$38,672SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$58,980SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$58,980SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$606,972CorporateStockBOYAmt
Corporate Stock EOY$649,486CorporateStockEOYAmt
Corporate Stock EOYFMV$649,486CorporateStockEOYFMVAmt
Corporate Bonds BOY$304,395CorporateBondsBOYAmt
Corporate Bonds EOY$296,927CorporateBondsEOYAmt
Corporate Bonds EOYFMV$296,927CorporateBondsEOYFMVAmt
Other Investments BOY$15,596OtherInvestmentsBOYAmt
Other Investments EOY$14,739OtherInvestmentsEOYAmt
Other Investments EOYFMV$14,739OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$2,775LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,093LandBldgEquipAccumDeprecAmt
Land BOY$955LandBOYAmt
Land EOY$682LandEOYAmt
Land EOYFMV$682LandEOYFMVAmt
Total Assets BOY$970,911TotalAssetsBOYAmt
Total Assets EOY$1,025,506TotalAssetsEOYAmt
Total Assets EOYFMV$1,025,506TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$970,911UnrestrictedBOYAmt
Unrestricted EOY$1,025,506UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$970,911TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,025,506TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$970,911TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,025,506TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$970,911TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$43,804ExcessRevenueOverExpensesAmt
Other Increases$10,791OtherIncreasesAmt
Subtotal$1,025,506SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,025,506TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (10 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
BP PLC ADS QUANTITY 400P2013-12-032015-02-10$15,972$18,061-$2,089-$2,089
COCA COLA CO QUANTITY 540P1998-04-292014-06-20$22,156$1,259$20,897$20,897
DOMINION RES SR A 3/8 6-15-64 QUANTITY 1200P2009-06-102014-10-15$30,000$30,000$0$0
GECC 6 3/8 11-15-67 QUANTITY 30,000P2009-06-102014-07-21$33,202$22,955$10,247$10,247
GNMA POOL QUANTITY 790.140P2009-05-062015-02-20$790$836-$46-$46
HONEYWELL INTERNATIONAL INC QUANTITY 100P2009-05-062014-10-27$9,190$3,297$5,893$5,893
MERK & CO INC NEW COM QUANTITY 200P2004-12-292015-02-10$11,527$6,614$4,913$4,913
PIEDMONT NATURAL GAS NC QUANTITY 500P2004-12-292014-06-20$17,983$11,895$6,088$6,088
WQCHOVIA BANK QUANTITY 10,000P2005-07-252015-02-02$10,000$10,000$0$0
CAPITAL GAINS DIVIDENDSP$208$208$208
FieldValueIRS element (for citing)
Capital Gain Net Income$46,111CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 Tax0LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$41,835AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$925,800NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.045188DistributionYr1Rt
Adjusted Qlfy Distri Yr2$61,737AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$893,665NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.069083DistributionYr2Rt
Adjusted Qlfy Distri Yr3$35,412AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$848,965NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.041712DistributionYr3Rt
Adjusted Qlfy Distri Yr4$27,988AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$818,644NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.034188DistributionYr4Rt
Adjusted Qlfy Distri Yr5$38,800AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$736,975NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.052648DistributionYr5Rt
Total Distribution0.242819TotalDistributionRt
Average Distribution0.048564AverageDistributionRt
Net Vl Noncharitable Assets$997,413NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$48,438AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$847NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$49,285AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$38,770QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,694InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$1,694SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$1,694TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$930EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$930TotalPaymentsAndCreditsAmt
Es Penalty$7EsPenaltyAmt
Tax Due$771TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateNCOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksJAMES T BOYLE JR PRESIDENTDIRECTIndividualWithBooksNm
Phone8282542254PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1146AddressLine1Txt
CityCOLUMBUSCityNm
State AbbreviationNCStateAbbreviationCd
ZIP287221490ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc0TransactionsFailToQlfyAsExcInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd

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
JAMES T BOYLE JR
PO BOX 1146COLUMBUSNC287221490VICE CHAIRMAN/PRESIDENT2.00$0$0$0
SUSAN MCHUGH
PO BOX 1146COLUMBUSNC287221490CHAIRMAN/VICE PRESIDENT2.00$0$0$0
F K MCFARLAND III
PO BOX 1146COLUMBUSNC287221490DIRECTOR/SECRETARY/TREASURER2.00$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)
Description1VARIOUS SCHOLARSHIPS: THESE FUNDS ARE AWARDED TO QUALIFYING STUDENTS AND PAID DIRECTLY TO QUALIFIED INSTITUTIONS.Description1Txt
Expenses1$29,198Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$962,552AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$50,050AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,012,602TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$1,012,602AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,189CashDeemedCharitableAmt
Net Vl Noncharitable Assets$997,413NetVlNoncharitableAssetsAmt
Minimum Investment Return$49,871MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$49,871MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,694TaxBasedOnInvestmentIncomeAmt
Total Tax$1,694TotalTaxAmt
Distributable Before Adj$48,177DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$48,177DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$48,177DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$38,770ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$38,770QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$38,770AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$48,177DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$2,264ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr2$17,794ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$20,058TotalExcessDistributionCyovAmt
Qualifying Distributions$38,770QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$38,770AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$9,407ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$9,407ExcessDistributionCyovAppCYAmt
Total Corpus$10,651TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$10,651ExcessDistriCyovToNextYrAmt
Excess From Year2$10,651ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonSTUART AND MARGARET L FORBES FOUNDARecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1146AddressLine1Txt
CityCOLUMBUSCityNm
State AbbreviationNCStateAbbreviationCd
ZIP287221490ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8287499790RecipientPhoneNum
Form And Info And MaterialsSEE ATTACHED "GRANT REQUEST" FORM AND "SCHOLARSHIP APPLICATION FORM"FormAndInfoAndMaterialsTxt
Submission DeadlinesNO DEADLINESSubmissionDeadlinesTxt
Restrictions On AwardsPER THE FOUNDATION'S EXEMPTION APPLICATION: "...OF PARTICULAR INTEREST ARE THOSE PUBLIC CHARITIES FOCUSING THEIR ACTIVITIES ON EDUCATIONAL (INCLUDING PRE-SCHOOL & HEAD START), HEALTH CARE, MEDICAL RESEARCH AND RELIGIOUS NEEDS AND CONCERNS OF THE GENERAL PUBLIC AND, IN PARTICULAR, BUT NOT LIMITED TO, THOSE CITIZENS OF POLK COUNTY, NC AND SPARTANBURG COUNTY, SC." "...TO AWARD COLLEGE SCHOLARSHIPS BASED ON SCHOLASTIC ACHIEVEMENT, NEED, QUALITIES OF LEADERSHIP, CHARACTER AND COMMUNITY RESPONSIBILITY. THESE SCHOLARSHIPS WILL BE AWARDED TO STUDENTS ATTENDING THE POLK COUNTY, NC PUBLIC SCHOOL SYSTEMS."RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
LANIER LIBRARY
72 CHESTNUT STREETTRYONNC28782NONEPUBLICGRANT$2,198
NORTH CAROLINA STATE UNIVERSITY
203 PEELE HALLRALEIGHNC27695NONEPUBLICSCHOLARSHIP$3,000
POLK COUNTY SCHOOLS
203 PEELE HALLRALEIGHNC27695NONEPUBLICGRANT$15,000
UNIVERSITY OF NORTH CAROLINA - CHAPEL HILL
250 EAST FRANKLIN STREETCHAPEL HILLNC27599NONEPUBLICSCHOLARSHIP$3,000
UNIVERSITY OF NORTH CAROLINA - WILMINGTON
601 S COLLEGE ROADWILMINGTONNC28403NONEPUBLICSCHOLARSHIP$3,000
UNIVERSITY OF NORTH CAROLINA - WILMINGTON
601 S COLLEGE ROADWILMINGTONNC28406NONEPUBLICSCHOLARSHIP$3,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$29,198TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$37,928ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$667ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$46,111ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$84,708ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$84,708TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryDIXON HUGHES GOODMAN LLPCategoryTxt
Amt$5,500Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$5,500DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp

FieldValueIRS element (for citing)
PropertyFILE CABINETPropertyDesc
Acquired2013-01-07AcquiredDt
Cost Or Other Basis$2,775CostOrOtherBasisAmt
Prior Year Depreciation$432PriorYearDepreciationAmt
Computation Method200DBComputationMethodTxt
Life7.000000000000LifeRt
Current Year Expense$273CurrentYearExpenseAmt
Net Investment Income$0NetInvestmentIncomeAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (8 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AFLAC INC$27,808$27,808
DUKE ENERGY CORPORATION$70,842$70,842
GENERAL ELEC CAP CORP$28,589$28,589
GENERAL ELECTRIC CAPITAL CORP 6.375%$22,610$22,610
GOLDMAN SACHS GROUP$46,740$46,740
MORGAN STANLEY$22,948$22,948
PROCTOR & GAMBLE CO. DEB 5.5%$25,950$25,950
PRUDENTIAL FINANCIAL INC$51,440$51,440

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (23 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ALTRIA GROUP INC$11,258$11,258
AT&T CORPORATION$34,560$34,560
BANK OF AMERICA CORP$15,810$15,810
COCA COLA CO$43,300$43,300
DUKE ENERGY CORPORATION$26,157$26,157
EXXON MOBIL CORP$44,270$44,270
FORD MOTOR CO NEW$16,340$16,340
GENWORTH FINANCIAL INC CL A$6,200$6,200
HEWLETT PACKARD$34,840$34,840
HONEYWELL INTERNATIONAL INC$41,112$41,112
INGLES MARKETS A$17,296$17,296
INTEL CORPORATION$16,625$16,625
JOHNSON & JOHNSON$41,004$41,004
JP MORGAN CHASE & COMPANY$30,640$30,640
KKR & CO LP$34,275$34,275
MERCK & CO$46,832$46,832
METLIFE INC. 6.5% PFD$52,580$52,580
MICROSOFT CORP$43,850$43,850
PIEDMONT NATURAL GAS$37,300$37,300
SPECTRA ENERGY CORPORATION$17,745$17,745
SPECTRA ENERGY PARTNERS$10,668$10,668
SYNCHRONY FINANCIAL$12,780$12,780
WEYERHAEUSER CO$14,044$14,044

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemGNMA POOL 701840CategoryOrItemTxt
Listed At Cost Or FMVFMVListedAtCostOrFMVCd
Book Value$14,739BookValueAmt
EOYFMV$14,739EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemFILE CABINETCategoryOrItemTxt
Cost Or Other Basis$2,775CostOrOtherBasisAmt
Accumulated Depreciation$2,093AccumulatedDepreciationAmt
Book Value$682BookValueAmt
EOYFMV$682EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INSURANCE$1,275$0$1,275
OFFICE SUPPLIES$197$0$197
CONTRACT LABOR$2,600$0$2,600

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
OTHER INCOME$549$549$549
PARTNERSHIP DISTRIBUTIONS$118$118$118

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAIN/LOSSES ON INVESTMENTSDesc
Amt$10,791Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL TAX PAYMENTSCategoryTxt
Amt$1,861Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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