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BILL AND FAYE STALLINGS FAMILY FOUNDATION: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
BILL AND FAYE STALLINGS FAMILY FOUNDATION (EIN 20-8383433)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-05-06
IRS object ID
201541269349100829
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)
Return2015-05-06T16:08:10-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

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 Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN208383433EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Bill and Faye Stallings Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlBILLBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
Address Line2Suite 123AddressLine2Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMelissa L GoodsonPersonNm
Person TitleSecretaryPersonTitleTxt
Phone8008391754PhoneNum
Signature2015-04-27SignatureDt
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$140,493FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$176,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$2InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$3,102DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,102DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$179,104TotalRevAndExpnssAmt
Total Net Invst Incm$3,104TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$5,025OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$5,025OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$5,025TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$5,025TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$163,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$163,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$168,025TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$168,025TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$11,079ExcessRevenueOverExpensesAmt
Net Investment Income$3,104NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$2,425SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$13,504SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$13,504SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$96,038CorporateStockBOYAmt
Corporate Stock EOY$96,038CorporateStockEOYAmt
Corporate Stock EOYFMV$126,989CorporateStockEOYFMVAmt
Total Assets BOY$98,463TotalAssetsBOYAmt
Total Assets EOY$109,542TotalAssetsEOYAmt
Total Assets EOYFMV$140,493TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$98,463RetainedEarningBOYAmt
Retained Earning EOY$109,542RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$98,463TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$109,542TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$98,463TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$109,542TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$98,463TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$11,079ExcessRevenueOverExpensesAmt
Subtotal$109,542SubtotalAmt
Tot Net Ast Or Fund Balances EOY$109,542TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$172,714AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$128,556NetVlNoncharitableAssetsYr1Amt
Distribution Yr11.343492DistributionYr1Rt
Adjusted Qlfy Distri Yr2$1,280,322AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$151,159NetVlNoncharitableAssetsYr2Amt
Distribution Yr28.470035DistributionYr2Rt
Adjusted Qlfy Distri Yr3$119,631AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$126,203NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.947925DistributionYr3Rt
Adjusted Qlfy Distri Yr4$107,088AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$205,705NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.52059DistributionYr4Rt
Adjusted Qlfy Distri Yr5$101,134AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$260,033NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.388928DistributionYr5Rt
Total Distribution11.67097TotalDistributionRt
Average Distribution2.334194AverageDistributionRt
Net Vl Noncharitable Assets$140,451NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$327,840AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$31NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$327,871AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$168,025QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$62InvestmentIncomeExciseTaxAmt
Subtotal$62SubtotalAmt
Tax Based On Investment Income$62TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$25EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$25TotalPaymentsAndCreditsAmt
Tax Due$37TaxDueAmt

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 EtcYes (true)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
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 PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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 (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Melissa L Goodson
Foundation Source 501 Silverside RdWilmingtonDE198091377Sec1.0$0
Faye Stallings
Foundation Source 501 Silverside RdWilmingtonDE198091377Pres / Dir1.0$0
G Blake Stallings
Foundation Source 501 Silverside RdWilmingtonDE198091377VP1.0$0
Jeffrey S Stallings
Foundation Source 501 Silverside RdWilmingtonDE198091377VP1.0$0
K Clark Stallings
Foundation Source 501 Silverside RdWilmingtonDE198091377VP1.0$0
William R Stallings Jr
Foundation Source 501 Silverside RdWilmingtonDE198091377VP1.0$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$124,078AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$18,512AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$142,590TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$142,590AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,139CashDeemedCharitableAmt
Net Vl Noncharitable Assets$140,451NetVlNoncharitableAssetsAmt
Minimum Investment Return$7,023MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$7,023MinimumInvestmentReturnAmt
Tax Based On Investment Income$62TaxBasedOnInvestmentIncomeAmt
Total Tax$62TotalTaxAmt
Distributable Before Adj$6,961DistributableBeforeAdjAmt
Distributable Before Ded$6,961DistributableBeforeDedAmt
Distributable As Adjusted$6,961DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$168,025ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$168,025QualifyingDistributionsAmt
Adjusted Qualifying Distri$168,025AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$6,961DistributableAsAdjustedAmt
Prior Year12012PriorYear1Yr
Prior Year22011PriorYear2Yr
Prior Year32010PriorYear3Yr
Excess Distribution Cyov Yr5$88,455ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$96,899ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$113,877ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,272,812ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$166,361ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,738,404TotalExcessDistributionCyovAmt
Qualifying Distributions$168,025QualifyingDistributionsAmt
Applied To Current Year$6,961AppliedToCurrentYearAmt
Remaining Distri From Corpus$161,064RemainingDistriFromCorpusAmt
Total Corpus$1,899,468TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$88,455ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,811,013ExcessDistriCyovToNextYrAmt
Excess From Year4$96,899ExcessFromYear4Amt
Excess From Year3$113,877ExcessFromYear3Amt
Excess From Year2$1,272,812ExcessFromYear2Amt
Excess From Year1$166,361ExcessFromYear1Amt
Excess From Current Year$161,064ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CPT CHRISTOPHER CASH MEMORIAL FOUNDATION OF NC INC
508 HOLLAND MILL LNSTELLANC28582N/APCGeneral & Unrestricted$500
GREENVILLE COMMUNITY SHELTERS
PO BOX 687GREENVILLENC27835N/APCBuilding campaign$25,000
HOPE OF GLORY MINISTRIES INC
PO BOX 2038GREENVILLENC27836N/APCGeneral & Unrestricted$60,000
JACK AND JILL OF AMERICA FOUNDATION INC
1930 17TH ST NWWASHINGTONDC20009N/APCto purchase microphone equipment for the Epps Recreational Center in Greenville$1,500
KRISTI OVERTON JOHNSON MINISTRIES INC
PO BOX 120951CLERMONTFL34712N/APCIn HIS Wakes$1,000
UNITED METHODIST RETIREMENT HOMES FOUNDATION
2600 CROASDAILE FARM PKWYDURHAMNC27705N/APCWellness Center$75,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$163,000TotalGrantOrContriPdDurYrAmt

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$2ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,102ExclusionAmt
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 InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$3,104ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,104TotalIncomeProducingActyAmt

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 PersonMarion Faye Stallings Living TrustContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1Stallings Grp 1645 E Arlington BlvdAddressLine1Txt
CityGreenvilleCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27858ZIPCd
FieldValueIRS element (for citing)
Total Contributions$176,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockBB&T CPStockNm
EOY Book Value$96,038EOYBookValueAmt
EOYFMV$126,989EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$5,000$5,000
State or Local Filing Fees$25$25

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