THE TEASLEY FOUNDATION INC: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
THE TEASLEY FOUNDATION INC (EIN 03-0493692)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-05-13
IRS object ID
201531339349102758
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)
Return2015-05-13T15:01:51-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

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 Begin2014-01-01TaxPeriodBeginDt

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
Signature2015-04-15SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIEL C LEEPreparerPersonNm
PTINP00019102PTIN
Phone4043719846PhoneNum
Preparation2015-05-11PreparationDt
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$112,664FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$102,820ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$1,074DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,074DividendsNetInvstIncmAmt
Dividends Adj Net Incm$1,074DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$52,604NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$55,104GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$52,604CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$156,498TotalRevAndExpnssAmt
Total Net Invst Incm$53,678TotalNetInvstIncmAmt
Total Adj Net Incm$1,074TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$50LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$275AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$13TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$570OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$908TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$908TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$155,590ExcessRevenueOverExpensesAmt
Net Investment Income$53,678NetInvestmentIncomeAmt
Adjusted Net Income$1,074AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,375CashBOYAmt
Cash EOY$3,275CashEOYAmt
Cash EOYFMV$3,275CashEOYFMVAmt
Sav And Temp Cash Invst EOY$2,833SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$2,833SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOY$104,305CorporateStockEOYAmt
Corporate Stock EOYFMV$106,556CorporateStockEOYFMVAmt
Total Assets BOY$2,375TotalAssetsBOYAmt
Total Assets EOY$110,413TotalAssetsEOYAmt
Total Assets EOYFMV$112,664TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$2,375RetainedEarningBOYAmt
Retained Earning EOY$110,413RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,375TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$110,413TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,375TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$110,413TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,375TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$155,590ExcessRevenueOverExpensesAmt
Other Increases$900OtherIncreasesAmt
Subtotal$158,865SubtotalAmt
Other Decreases$48,452OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$110,413TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property1000 SHARES WELLS FARGO & COMMON STOPropertyDesc
How AcquiredPHowAcquiredCd
Acquired1984-11-19AcquiredDt
Sold2014-12-05SoldDt
Gross Sales Price$55,104GrossSalesPriceAmt
Cost Or Other Basis$2,500CostOrOtherBasisAmt
Gain Or Loss$52,604GainOrLossAmt
Gains Minus Excess Or Losses$52,604GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$52,604CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$7,025AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,995NetVlNoncharitableAssetsYr1Amt
Distribution Yr13.521303DistributionYr1Rt
Adjusted Qlfy Distri Yr2$2,850AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$7,566NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.376685DistributionYr2Rt
Adjusted Qlfy Distri Yr3$5,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$2,807NetVlNoncharitableAssetsYr3Amt
Distribution Yr31.781261DistributionYr3Rt
Adjusted Qlfy Distri Yr4$5,275AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$2,465NetVlNoncharitableAssetsYr4Amt
Distribution Yr42.139959DistributionYr4Rt
Adjusted Qlfy Distri Yr5$5,475AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,657NetVlNoncharitableAssetsYr5Amt
Distribution Yr53.304164DistributionYr5Rt
Total Distribution11.123372TotalDistributionRt
Average Distribution2.224674AverageDistributionRt
Net Vl Noncharitable Assets$38,071NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$84,696AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$537NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$85,233AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,074InvestmentIncomeExciseTaxAmt
Subtotal$1,074SubtotalAmt
Tax Based On Investment Income$1,074TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$23EsPenaltyAmt
Tax Due$1,097TaxDueAmt

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$35,376AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$3,275AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$38,651TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$38,651AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$580CashDeemedCharitableAmt
Net Vl Noncharitable Assets$38,071NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,904MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,904MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,074TaxBasedOnInvestmentIncomeAmt
Total Tax$1,074TotalTaxAmt
Distributable Before Adj$830DistributableBeforeAdjAmt
Distributable Before Ded$830DistributableBeforeDedAmt
Distributable As Adjusted$830DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$830DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$5,392ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$5,152ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$4,860ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$2,472ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$6,925ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$24,801TotalExcessDistributionCyovAmt
Excess Distri Cyov App CY Corpus$830ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$830ExcessDistributionCyovAppCYAmt
Total Corpus$23,971TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$4,562ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$19,409ExcessDistriCyovToNextYrAmt
Excess From Year4$5,152ExcessFromYear4Amt
Excess From Year3$4,860ExcessFromYear3Amt
Excess From Year2$2,472ExcessFromYear2Amt
Excess From Year1$6,925ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,074RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$52,604RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$53,678RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$53,678TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1WILLIAM TEASLEYBusinessNameLine1Txt
Business Name Line2WILLIAM TEASLEYBusinessNameLine2Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1141 BREEZE HILL LANEAddressLine1Txt
CityCANTONCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30114ZIPCd
FieldValueIRS element (for citing)
Total Contributions$102,820TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$275Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
WELLS FARGO$51,410$54,820
STOCKS$52,895$51,736

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryREGISTRATION FEESCategoryTxt
Legal Fees$50LegalFeesAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDescAmtAmt
DOWNWARD BASIS ADJ - WELLS FARGO STOCK SALE$48,451
ROUNDING ADJ$1

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BROKERAGE FEES$570

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescTO CORRECT ACTUAL CASH BALANCEDesc
Amt$900Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$13Amt

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