SPRING FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
SPRING FOUNDATION INC (EIN 27-1498037)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-05-15
IRS object ID
201311359349101851
Schema version
2012v2.1
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)
Timestamp2013-05-15T12:53:15-05:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1WARREN AVERETT LLCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1SIX CONCOURSE PARKWAY SUITE 600AddressLine1
CityATLANTACity
StateGAState
ZIP Code30328ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN271498037EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE SPRING FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlSPRINameControl
Phone4047603427Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line13060 PEACHTREE ROAD NWAddressLine1
Address Line2ROOM/SUITE 1415AddressLine2
CityATLANTACity
StateGAState
ZIP Code30305ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameMICHELLE DOBBINSName
TitleOFFICERTitle
Phone4047603427Phone
Date Signed2013-05-15DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameANDREW I SIEGELName
Phone7703961100Phone
Date Prepared2013-05-15DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY26071141FMVAssetsEOY
Method Of Accounting AccrualXMethodOfAccountingAccrual

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Dividends Rev And Expnss25DividendsRevAndExpnss
Dividends Net Invst Incm25DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss3038915NetGainSaleAssetsRevAndExpnss
Gross Sales Price3261649GrossSalesPrice
Capital Gain Net Incm Net Invst Incm3038915CapitalGainNetIncmNetInvstIncm
Other Income Rev And Expnss-211966OtherIncomeRevAndExpnss
Total Revenue And Expenses2826974TotalRevenueAndExpenses
Total Net Investment Income3038940TotalNetInvestmentIncome
Accounting Fees Rev And Expnss1920AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm960AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps960AccountingFeesDsbrsChrtblPrps
Interest Rev And Expnss435InterestRevAndExpnss
Interest Net Invst Incm435InterestNetInvstIncm
Taxes Rev And Expnss2004TaxesRevAndExpnss
Taxes Net Invst Incm2004TaxesNetInvstIncm
Other Expenses Rev And Expnss151OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm76OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps75OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss4510TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm3475TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps1035TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss500000ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps500000ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss504510TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm3475TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps501035TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses2322464ExcessOfRevenueOverExpenses
Net Investment Income3035465NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY628650CashBOY
Cash EOY126604CashEOY
Cash EOYFMV126604CashEOYFMV
Investments Other BOY22192852InvestmentsOtherBOY
Investments Other EOY21017362InvestmentsOtherEOY
Investments Other EOYFMV25944537InvestmentsOtherEOYFMV
Total Assets BOY22821502TotalAssetsBOY
Total Assets EOY21143966TotalAssetsEOY
Total Assets EOYFMV26071141TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Follow SFAS117XOrgThatFollowSFAS117
Unrestricted BOY22821502UnrestrictedBOY
Unrestricted EOY21143966UnrestrictedEOY
Total Net Assets BOY22821502TotalNetAssetsBOY
Total Net Assets EOY21143966TotalNetAssetsEOY
Total Liabilities Net Assets BOY22821502TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY21143966TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY22821502TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses2322464ExcessOfRevenueOverExpenses
Subtotal25143966Subtotal
Other Decreases4000000OtherDecreases
Total Net Assets Fund Balances EOY21143966TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (2 entries)

Description Of AssetDescriptionOfAssetHow AcquiredHowAcquiredDate AcquiredDateAcquiredDate SoldDateSoldGross Sales PriceGrossSalesPriceGain Or LossGainOrLossGains Minus Excess Or LossesGainsMinusExcessOrLossesCost Or Other BasisCostOrOtherBasis
FROM K-1: MARLIN FUND, LPP2012-12-312012-12-31326164932616493261649
FROM K-1: MARLIN FUND, LPP2012-12-312012-12-31-222734-222734222734
FieldValueIRS element (for citing)
Capital Gain Net Income3038915CapitalGainNetIncome
Net Short Term Capital Gain Or Loss3261649NetShortTermCapitalGainOrLoss

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year14302336QualifyingDistributionsYear1
Noncharitable Assets Year125331112NoncharitableAssetsYear1
Distribution Ratio Year10.169844DistributionRatioYear1
Qualifying Distributions Year23945460QualifyingDistributionsYear2
Noncharitable Assets Year232149841NoncharitableAssetsYear2
Distribution Ratio Year20.122721DistributionRatioYear2
Noncharitable Assets Year324625006NoncharitableAssetsYear3
Total Distribution Ratio0.292565TotalDistributionRatio
Average Distribution Ratio0.146283AverageDistributionRatio
Net Noncharitable Assets25783679NetNoncharitableAssets
Adjusted Noncharitable Assets3771714AdjustedNoncharitableAssets
One Percent Net Investment Income30355OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One3802069AdjNonchrtblAssetsAndOnePct
Qualifying Distributions501035QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax60709InvestmentIncomeExciseTax
Subtotal60709Subtotal
Tax Based On Investment Income60709TaxBasedOnInvestmentIncome
Form2220 AttachedXForm2220Attached
Penalty For Underpayment1362PenaltyForUnderpayment
Tax Due62071TaxDue

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
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithGAStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorstrueNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress
Books In Care Of Person NameMICHELLE DOBBINSBooksInCareOfPersonName
Books In Care Of Phone Number4047603427BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line13060 PEACHTREE ROADAddressLine1
Address Line2SUITE 1415AddressLine2
CityATLANTACity
StateGAState
ZIP Code30305ZIPCode
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
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
SUZANNE MASTERS
3060 PEACHTREE ROAD NW STE 1415ATLATNAGA30305PRESIDENT6.00000
MICHAEL MASTERS
3060 PEACHTREE ROAD NW STE 1415ATLANTAGA30305TREASURER6.00000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Description1N/ADescription1

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities0AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances231787AvgMonthlyCashBalances
FMV All Other Noncharitable Assets25944537FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets26176324TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets26176324AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable392645CashDeemedCharitable
Net Noncharitable Assets25783679NetNoncharitableAssets
Minimum Investment Return1289184MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return1289184MinimumInvestmentReturn
Tax Based On Investment Income60709TaxBasedOnInvestmentIncome
Total Tax60709TotalTax
Distributable Amount Before Adj1228475DistributableAmountBeforeAdj
Distributable Amount Before Ded1228475DistributableAmountBeforeDed
Distributable Amount As Adjusted1228475DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions501035ExpensesAndContributions
Qualifying Distributions501035QualifyingDistributions
Adj Qualifying Distributions501035AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted1228475DistributableAmountAsAdjusted
Excess Distri Carryover Year22400531ExcessDistriCarryoverYear2
Excess Distri Carryover Year13035780ExcessDistriCarryoverYear1
Total Excess Distri Carryover5436311TotalExcessDistriCarryover
Qualifying Distributions501035QualifyingDistributions
Applied To Current Year501035AppliedToCurrentYear
Excess Distri Cyov App CY Corpus727440ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY727440ExcessDistriCyovAppliedCY
Total Corpus4708871TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov To Next Year4708871ExcessDistriCyovToNextYear
Excess From Year21673091ExcessFromYear2
Excess From Year13035780ExcessFromYear1

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1UNIVERSITY OF TENNESSEEBusinessNameLine1

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1OFFICE OF THE TREASURERAddressLine1
CityKNOXVILLECity
StateTNState
ZIP Code37996ZIPCode
FieldValueIRS element (for citing)
Purpose Of Grant Or Contribution501(C)(3) ORGANIZATIONPurposeOfGrantOrContribution
Amount$500,000Amount
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year500000TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$25ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code18ExclusionCode
Exclusion$3,038,915ExclusionAmount

Other Revenue Described OtherRevenueDescribed

FieldValueIRS element (for citing)
DescriptionK-1: MARLIN FUND, L.P.Description
Exclusion Code14ExclusionCode
Exclusion-$211,966ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$2,826,974ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA2826974TotalPartXVIA

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategory
Amount$1,920Amount
Net Investment Income960NetInvestmentIncome
Disbursements Charitable Prps960DisbursementsCharitablePrps

Compensation Explanation CompensationExplanation

Compensation Compensation (2 entries)

SUZANNE MASTERS
MICHAEL MASTERS

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther

FieldValueIRS element (for citing)
Category Or ItemMARLIN FUND, L.P.CategoryOrItem
Listed At Cost Or FMVAT COSTListedAtCostOrFMV
Book Value21017362BookValue
EOYFMV25944537EOYFMV

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

FieldValueIRS element (for citing)
DescriptionPARTNERSHIP REDEMPTIONDescription
Amount$4,000,000Amount

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
EXPENSES
1517675

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome

FieldValueIRS element (for citing)
DescriptionK-1: MARLIN FUND, L.P.Description
Revenue And Expenses Per Books-211966RevenueAndExpensesPerBooks

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor SubstantialContributor

FieldValueIRS element (for citing)
Person NameMICHAEL AND SUZANNE MASTERSPersonName

US Address USAddress

FieldValueIRS element (for citing)
Address Line13060 PEACHTREE ROAD NW STE 1415AddressLine1
CityATLANTACity
StateGAState
ZIP Code30305ZIPCode

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryFOREIGN TAXCategory
Amount$2,004Amount
Net Investment Income2004NetInvestmentIncome

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