PATRICK BEAVER SCHOLARSHIP FOUNDATION INC: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- PATRICK BEAVER SCHOLARSHIP FOUNDATION INC (EIN 56-2048446)
- Tax period
- 2024-09-01 to 2025-08-31
- Filed
- 2026-01-14
- IRS object ID
- 202610149349100201
- Schema version
- 2024v5.5
- 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
- Form 990-PF
- Accounting Fees Schedule
- Compensation Explanation
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-01-14T07:43:53-06:00 | ReturnTs |
| Tax Period End | 2025-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 561761202 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARTIN STARNES & ASSOCIATES CPAS PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 730 13TH AVENUE DR SE | AddressLine1Txt |
| City | HICKORY | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 286025196 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 562048446 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PATRICK BEAVER SCHOLARSHIP FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PATR | BusinessNameControlTxt |
| Phone | 8283250655 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2425 NORTH CENTER STREET 362 | AddressLine1Txt |
| City | HICKORY | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28601 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANGELA B SIMMONS | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 8283250655 | PhoneNum |
| Signature | 2026-01-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN B WHITLEY II CPACFP | PreparerPersonNm |
| PTIN | P00609379 | PTIN |
| Phone | 8283272727 | PhoneNum |
| Preparation | 2026-01-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $2,497,377 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $1,053 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $57,730 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $57,730 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $58,980 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $566,699 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $58,980 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $117,763 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $116,710 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $7,771 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $3,885 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $3,886 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $11,550 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $11,550 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $628 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $628 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $6,557 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $6,224 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $333 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $26,506 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $10,737 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $15,769 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $92,380 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $92,380 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $118,886 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $10,737 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $108,149 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,123 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $105,973 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $56,947 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $108,045 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $108,045 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $197,831 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $140,003 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $140,000 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $677,833 | CorporateStockBOYAmt |
| Corporate Stock EOY | $706,432 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,867,630 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $401,140 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $378,148 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $381,702 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $1,333,751 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,332,628 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $2,497,377 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $1,333,751 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,332,628 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,333,751 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,332,628 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,333,751 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,332,628 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,333,751 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,123 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $1,332,628 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $1,332,628 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | PUBLICLY TRADED SECURITIES | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Gross Sales Price | $566,699 | GrossSalesPriceAmt |
| Cost Or Other Basis | $507,719 | CostOrOtherBasisAmt |
| Gain Or Loss | $58,980 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $58,980 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $58,980 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,473 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,473 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,473 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $991 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $991 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $482 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NC | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | ABS LEGACY PARTNERS | IndividualWithBooksNm |
| Phone | 8283250655 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2425 NORTH CENTER STREET 362 | AddressLine1Txt |
| City | HICKORY | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| TONI W ALEXANDER | ||||||||
| 2425 NORTH CENTER STREET 362 | HICKORY | NC | 28601 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| JEFFREY W BEHMER | ||||||||
| 2425 NORTH CENTER STREET 362 | HICKORY | NC | 28601 | TREASURER | 1.00 | $0 | $0 | $0 |
| ANGELA B SIMMONS | ||||||||
| 2425 NORTH CENTER STREET 362 | HICKORY | NC | 28601 | SECRETARY | 1.00 | $0 | $0 | $0 |
| DEBORAH B LOOPER | ||||||||
| 2425 NORTH CENTER STREET 362 | HICKORY | NC | 28601 | VICE PRESIDENT | 1.00 | $0 | $0 | $0 |
| DONNA B MALONE | ||||||||
| 2425 NORTH CENTER STREET 362 | HICKORY | NC | 28601 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| GRACE B SIMMONS | ||||||||
| 2425 NORTH CENTER STREET 362 | HICKORY | NC | 28601 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| KATHRYN BEHMER | ||||||||
| 2425 NORTH CENTER STREET 362 | HICKORY | NC | 28601 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $2,385,407 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $73,837 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $2,459,244 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $2,459,244 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $36,889 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $2,422,355 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $121,118 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $121,118 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,473 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,473 | TotalTaxAmt |
| Distributable Before Adj | $119,645 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $119,645 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $119,645 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $108,149 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $108,149 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $119,645 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $90,469 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $108,149 | QualifyingDistributionsAmt |
| Applied To Year1 | $90,469 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $17,680 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $101,965 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (27 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ELLA CECIL APPALACHIAN STATE UNIVER | |||||||
| PO BOX 32059 | BOONE | NC | 28608 | NONE | I | SCHOLARSHIP GRANT | $5,000 |
| SARAH LINGLE APPALACHIAN STATE UNIV | |||||||
| PO BOX 32059 | BOONE | NC | 28608 | NONE | I | SCHOLARSHIP GRANT | $3,000 |
| EVAN GRIFFITH CATAWBA VALLEY COMMUN | |||||||
| 2550 HIGHWAY 70 SE | HICKORY | NC | 28602 | NONE | I | SCHOLARSHIP GRANT | $3,000 |
| AASTHA PATEL DUKE UNIVERSITY | |||||||
| PO BOX 3715 | DURHAM | NC | 27708 | NONE | I | SCHOLARSHIP GRANT | $2,500 |
| AMYLYN DE PAZ DUKE UNIVERSITY | |||||||
| PO BOX 3715 | DURHAM | NC | 27708 | NONE | I | SCHOLARSHIP GRANT | $5,000 |
| MARIAH CULPEPPER DUKE UNIVERSITY | |||||||
| PO BOX 3715 | DURHAM | NC | 27708 | NONE | I | SCHOLARSHIP GRANT | $3,000 |
| TAYLOR RAMSEUR EAST CAROLINA UNIVER | |||||||
| E 5TH ST | GREENVILLE | NC | 27858 | NONE | I | SCHOLARSHIP GRANT | $5,000 |
| NOLAN HEATH EAST TENNESSEE STATE UN | |||||||
| PO BOX 70731 | JOHNSON CITY | TN | 37614 | NONE | I | SCHOLARSHIP GRANT | $3,000 |
| WHITNEY STEWART LENOIR-RHYNE UNIVER | |||||||
| PO BOX 7246 | HICKORY | NC | 28603 | NONE | I | SCHOLARSHIP GRANT | $1,500 |
| AARON CONNOLLY LIBERTY UNIVERSITY | |||||||
| PO BOX 10425 | LYNCHBURG | VA | 24506 | NONE | I | SCHOLARSHIP GRANT | $1,500 |
| AVA GRACE NOELL NC STATE UNIVERSITY | |||||||
| CAMPUS BOX 7302 | RALEIGH | NC | 27695 | NONE | I | SCHOLARSHIP GRANT | $2,500 |
| BRITNEE BESINGER NC STATE UNIVERSIT | |||||||
| CAMPUS BOX 7302 | RALEIGH | NC | 27695 | NONE | I | SCHOLARSHIP GRANT | $5,000 |
| CAELEY ARNEY NC STATE UNIVERSITY | |||||||
| CAMPUS BOX 7302 | RALEIGH | NC | 27695 | NONE | I | SCHOLARSHIP GRANT | $1,500 |
| CANDY REYES-MONTERROSA NC STATE UNI | |||||||
| CAMPUS BOX 7302 | RALEIGH | NC | 27695 | NONE | I | SCHOLARSHIP GRANT | $5,000 |
| NERY GONZALEZ-GARCIA NC STATE UNIVE | |||||||
| CAMPUS BOX 7302 | RALEIGH | NC | 27695 | NONE | I | SCHOLARSHIP GRANT | $5,000 |
| ANA GRAY STANFORD UNIVERSITY | |||||||
| 450 JANE STANFORD WAY | STANFORD | CA | 94305 | NONE | I | SCHOLARSHIP GRANT | $5,000 |
| ERICA MAGGIO UNC - WILMINGTON | |||||||
| 601 S COLLEGE RD | WILMINGTON | NC | 28403 | NONE | I | SCHOLARSHIP GRANT | $3,000 |
| BRYEN ALVAREZ UNC-CHAPEL HILL | |||||||
| 450 RIDGEROAD CB 1400 | CHAPEL HILL | NC | 27599 | NONE | I | SCHOLARSHIP GRANT | $5,000 |
| CHASE THWEATT UNC-CHAPEL HILL | |||||||
| 450 RIDGEROAD CB 1400 | CHAPEL HILL | NC | 27599 | NONE | I | SCHOLARSHIP GRANT | $2,500 |
| CHIALY XIONG UNC-CHAPEL HILL | |||||||
| 450 RIDGEROAD CB 1400 | CHAPEL HILL | NC | 27599 | NONE | I | SCHOLARSHIP GRANT | $3,000 |
| MADISON MIDEA UNC-CHAPEL HILL | |||||||
| 450 RIDGEROAD CB 1400 | CHAPEL HILL | NC | 27599 | NONE | I | SCHOLARSHIP GRANT | $1,500 |
| RACHEL HODAKOWSKI UNC-CHAPEL HILL | |||||||
| 450 RIDGEROAD CB 1400 | CHAPEL HILL | NC | 27599 | NONE | I | SCHOLARSHIP GRANT | $1,500 |
| AMARE CLARK UNC-CHARLOTTE | |||||||
| 9201 UNIVERSITY CITY BLVD | CHARLOTTE | NC | 28223 | NONE | I | SCHOLARSHIP GRANT | $2,500 |
| JADE LYTTLE UNC-CHARLOTTE | |||||||
| 9201 UNIVERSITY CITY BLVD | CHARLOTTE | NC | 28223 | NONE | I | SCHOLARSHIP GRANT | $5,000 |
| KELLY ALCANTARA UNC-CHARLOTTE | |||||||
| 9201 UNIVERSITY CITY BLVD | CHARLOTTE | NC | 28223 | NONE | I | SCHOLARSHIP GRANT | $2,500 |
| KENNEDY MOULTON UNC-CHARLOTTE | |||||||
| 9201 UNIVERSITY CITY BLVD | CHARLOTTE | NC | 28223 | NONE | I | SCHOLARSHIP GRANT | $7,880 |
| STEPHANIE GUTIERREZ UNC-CHARLOTTE | |||||||
| 9201 UNIVERSITY CITY BLVD | CHARLOTTE | NC | 28223 | NONE | I | SCHOLARSHIP GRANT | $1,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $92,380 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $57,730 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $58,980 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $116,710 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $116,710 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| TAX COMPLIANCE | $4,000 | $2,000 | $2,000 |
| BOOKKEEPING | $3,771 | $1,885 | $1,886 |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANGELA B SIMMONS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | *ABS LEGACY PARTNERS, A FIRM OWNED BY AN OFFICER OF THE PATRICK BEAVER SCHOLARSHIP FOUNDATION ("THE FOUNDATION") WAS COMPENSATED BY THE FOUNDATION TO PROVIDE MANAGEMENT SERVICES. THIS COMPENSATION IS REPORTED ON PART I, LINE 16C TO BE CONSISTENT WITH THE CHARACTER OF THE EXPENSE. THE FIRM BILLED THE FOUNDATION AT OR BELOW MARKET RATES | ShortExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | CORPORATE BONDS TOTAL | BondNm |
| EOY Book Value | $378,148 | EOYBookValueAmt |
| EOYFMV | $381,702 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORPORATE STOCK TOTAL | StockNm |
| EOY Book Value | $706,432 | EOYBookValueAmt |
| EOYFMV | $1,867,630 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $140,003 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $140,000 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT & CUSTODY FEES | $6,224 | $6,224 | $0 |
| OPERATIONAL EXPENSES | $333 | $0 | $333 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ADMINISTRATION OF FOUNDATION | CategoryTxt |
| Amt | $11,550 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $11,550 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAXES | CategoryTxt |
| Amt | $628 | Amt |
| Net Investment Income | $628 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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