PRUITT PRIVATE FOUNDATION TRUST REV TR CREATED AGREEMENT 052197: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
PRUITT PRIVATE FOUNDATION TRUST REV TR CREATED AGREEMENT 052197 (EIN 58-6343480)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-05-06
IRS object ID
201301269349100515
Schema version
2012v2.0
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)
Timestamp2013-05-06T07:53:05-07:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1JOHNSON & FIELDS LLCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1161 EAST DOYLE STAddressLine1
CityTOCCOACity
StateGAState
ZIP Code305772105ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN586343480EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE PRUITT FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlPRUINameControl
Phone7068868493Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1210AddressLine1
CityTOCCOACity
StateGAState
ZIP Code30577ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameNANCY W PRUITTName
TitleChairmanTitle
Date Signed2013-05-06DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameJ Sam Johnson CPAName
PTINP00117357PTIN
Phone7068863173Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY0FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Dividends Rev And Expnss23833DividendsRevAndExpnss
Dividends Net Invst Incm23833DividendsNetInvstIncm
Dividends Adj Net Incm23833DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss1154NetGainSaleAssetsRevAndExpnss
Gross Sales Price8882GrossSalesPrice
Capital Gain Net Incm Net Invst Incm1154CapitalGainNetIncmNetInvstIncm
Net STCG Adj Net Incm221NetSTCGAdjNetIncm
Total Revenue And Expenses24987TotalRevenueAndExpenses
Total Net Investment Income24987TotalNetInvestmentIncome
Total Adjusted Net Income24054TotalAdjustedNetIncome
Other Prof Fees Rev And Expnss2790OtherProfFeesRevAndExpnss
Interest Rev And Expnss12060InterestRevAndExpnss
Taxes Rev And Expnss1195TaxesRevAndExpnss
Tot Opr Expenses Rev And Expnss16045TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss47500ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps47500ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss63545TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps47500TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-38558ExcessOfRevenueOverExpenses
Net Investment Income24987NetInvestmentIncome
Adjusted Net Income24054AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY1192SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY4016SavingsAndTempCashInvstEOY
Investments Corp Stock BOY1618927InvestmentsCorpStockBOY
Investments Corp Stock EOY1617684InvestmentsCorpStockEOY
Total Assets BOY1620119TotalAssetsBOY
Total Assets EOY1621700TotalAssetsEOY
Total Assets EOYFMV0TotalAssetsEOYFMV
Other Liabilities BOY196466OtherLiabilitiesBOY
Other Liabilities EOY236605OtherLiabilitiesEOY
Total Liabilities BOY196466TotalLiabilitiesBOY
Total Liabilities EOY236605TotalLiabilitiesEOY
Org That Follow SFAS117XOrgThatFollowSFAS117
Unrestricted BOY1423653UnrestrictedBOY
Unrestricted EOY1385095UnrestrictedEOY
Total Net Assets BOY1423653TotalNetAssetsBOY
Total Net Assets EOY1385095TotalNetAssetsEOY
Total Liabilities Net Assets BOY1620119TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY1621700TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY1423653TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-38558ExcessOfRevenueOverExpenses
Subtotal1385095Subtotal
Total Net Assets Fund Balances EOY1385095TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

FieldValueIRS element (for citing)
Capital Gain Net Income1154CapitalGainNetIncome
Net Short Term Capital Gain Or Loss221NetShortTermCapitalGainOrLoss

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year147000QualifyingDistributionsYear1
Noncharitable Assets Year1958326NoncharitableAssetsYear1
Distribution Ratio Year10.04904DistributionRatioYear1
Qualifying Distributions Year244700QualifyingDistributionsYear2
Noncharitable Assets Year2946971NoncharitableAssetsYear2
Distribution Ratio Year20.04720DistributionRatioYear2
Qualifying Distributions Year374667QualifyingDistributionsYear3
Noncharitable Assets Year3899427NoncharitableAssetsYear3
Distribution Ratio Year30.08302DistributionRatioYear3
Qualifying Distributions Year4111578QualifyingDistributionsYear4
Noncharitable Assets Year41559488NoncharitableAssetsYear4
Distribution Ratio Year40.07155DistributionRatioYear4
Qualifying Distributions Year5113059QualifyingDistributionsYear5
Noncharitable Assets Year52228640NoncharitableAssetsYear5
Distribution Ratio Year50.05073DistributionRatioYear5
Total Distribution Ratio0.30154TotalDistributionRatio
Average Distribution Ratio0.06031AverageDistributionRatio
Net Noncharitable Assets1052223NetNoncharitableAssets
Adjusted Noncharitable Assets63457AdjustedNoncharitableAssets
One Percent Net Investment Income250OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One63707AdjNonchrtblAssetsAndOnePct
Qualifying Distributions47500QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax500InvestmentIncomeExciseTax
Subtotal500Subtotal
Tax Based On Investment Income500TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment520EstTaxPaymentsAndOverpayment
Total Credits And Payments520TotalCreditsAndPayments
Overpayment20Overpayment
Amount Credited To Next Year20AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Form990 T FiledfalseForm990TFiled
Termination EtcfalseTerminationEtc
Requirements Of Sect508efalseRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithGAStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1NANCY W PRUITTBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number7068868493BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1211 E DOYLE STREETAddressLine1
CityTOCCOACity
StateGAState
ZIP Code30577ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Acts Fail To Qualify As ExceptionsfalseActsFailToQualifyAsExceptions
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Undistr Income4942a2 Not AppliedfalseUndistrIncome4942a2NotApplied
Business HoldingsfalseBusinessHoldings
Excess Business HoldingsfalseExcessBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Tr Fail To Qualify As ExceptionsfalseTrFailToQualifyAsExceptions
Maint Expend ResponsibilityfalseMaintExpendResponsibility
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn
Proceeds Or Net IncomefalseProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensation
J PAIGE PRUITT
PO BOX 1155TOCCOAGA30577Trustee0.000
LISA P HAMBY
PO BOX 1155TOCCOAGA30577Trustee0.000
NANCY W PRUITT
PO BOX 1155TOCCOAGA30577Chairman0.000
NEIL L PRUITT JR
PO BOX 1155TOCCOAGA30577Trustee0.000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities1065684AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances2563AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets1068247TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Adj Total FMV Of Unused Assets1068247AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable16024CashDeemedCharitable
Net Noncharitable Assets1052223NetNoncharitableAssets
Minimum Investment Return52611MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return52611MinimumInvestmentReturn
Tax Based On Investment Income500TaxBasedOnInvestmentIncome
Total Tax500TotalTax
Distributable Amount Before Adj52111DistributableAmountBeforeAdj
Distributable Amount Before Ded52111DistributableAmountBeforeDed
Distributable Amount As Adjusted52111DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions47500ExpensesAndContributions
Qualifying Distributions47500QualifyingDistributions
Adj Qualifying Distributions47500AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted52111DistributableAmountAsAdjusted
Undistributed Income Prior Year47268UndistributedIncomePriorYear
Qualifying Distributions47500QualifyingDistributions
Applied To Year147268AppliedToYear1
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year232AppliedToCurrentYear
Undistributed Income CY51879UndistributedIncomeCY

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (12 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
FAITH IN RABUN COUNTY
744 E CURRAHEE STREETTOCCOAGA30577NONEN/AGENERAL BUDGET$1,500
PAWS FOR LIFE
261 BOEN CREED ROADTIGERGA30576NONEN/AGENERAL BUDGET$1,000
HOLY INNOCENTS EPISCOPAL SCHOOL
805 MOUNT VERNON HWY NWATLANTAGA30327NONEN/AGENERAL FUND$2,000
STEPHENS COUNTY MIDDLE SCHOOL
6270 ROSE LANETOCCOAGA30577NONEN/AGENERAL BUDGET$1,500
LAKEMONT-WILEY FIRE DEPARTMENT
HWY 441WILEYGA30581NONEN/AGENERAL FUND$1,500
BIG A ELEMENTARY SCHOOL
SORRELLS ROADTOCCOAGA30577NONEN/ABOOKS FOR LIBRARY$1,500
TOCCOA ELEMENTARY SCHOOL
304 NORTH POND STREETTOCCOAGA30577NONEN/ABOOKS FOR LIBRARY$15,000
ST JUDE'S CHILDRENS' RESEARCH
501 ST JUDE PLACEMEMPHISTN38105NONEN/AGENERAL BUDGET$3,000
TALLULAH FALL METHODIST CHURCH
204 CHURCH STREETTALLULAH FALLSGA30573NONEN/ACEMETARY FUND$500
UNITED HOSPICE FOUNDATION
1626 JEURGENS COURTNORCROSSGA30093NONEN/AGENERAL BUDGET$10,000
SALVATION ARMY
348 E FRANKLIN STTOCCOAGA30577NONEN/AGENERAL BUDGET$5,000
UNITED WAY OF NORTHEAST GA
ONE HUNTINGTON ROAD SUITE 805ATHENSGA30606NONEN/AGENERAL BUDGET$5,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year47500TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$23,833ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Related Or Exempt Function Income1154RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$23,833ExclusionAmount
Related Or Exempt Function Income1154RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA24987TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescriptionEOY Book ValueEOYBookValueBOY Book ValueBOYBookValue
Rounding1
Portfolio Credit Line236604196466

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees (2 entries)

CategoryCategoryAmountAmountNet Investment IncomeNetInvestmentIncomeAdjusted Net IncomeAdjustedNetIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
Investment Mgt Fees$765000
Accounting$2,025000

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryExcise taxesCategory
Amount$1,195Amount

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