INSPIRATION CHARITABLE FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
INSPIRATION CHARITABLE FOUNDATION (EIN 26-4223774)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-08-27
IRS object ID
201322399349100502
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)
Timestamp2013-08-27T10:03:57-05:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN752393478EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1WHITLEY PENN LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line12150 TOWN SQUARE PLACE STE 290AddressLine1
CitySUGAR LANDCity
StateTXState
ZIP Code77479ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN264223774EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1INSPIRATION CHARITABLE FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlINSPNameControl
Phone7132375660Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1915 FRANKLIN ST UNIT 8CAddressLine1
CityHOUSTONCity
StateTXState
ZIP Code77002ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameMARK A COVERName
TitleDIRECTORTitle
Phone7132375660Phone
Date Signed2013-08-07DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameSTEVE METZENTHINName
PTINP00956466PTIN
Phone2812428600Phone
Date Prepared2013-08-07DatePrepared
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 EOY94845FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss577424ContriReceivedRevAndExpnss
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses577424TotalRevenueAndExpenses
Total Net Investment Income0TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm0CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps0CompOfcrDirTrstDsbrsChrtblPrps
Accounting Fees Rev And Expnss1250AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm0AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps0AccountingFeesDsbrsChrtblPrps
Other Expenses Rev And Expnss34OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm0OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps0OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss1284TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss503920ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps503920ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss505204TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps503920TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses72220ExcessOfRevenueOverExpenses
Net Investment Income0NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY1619CashBOY
Cash EOY74330CashEOY
Cash EOYFMV74330CashEOYFMV
Other Notes And Loans Receivable20515OtherNotesAndLoansReceivable
Allwnc For Dbtfl Acct Other Rcvbl0AllwncForDbtflAcctOtherRcvbl
Other Notes And Loans Rcvbl BOY21006OtherNotesAndLoansRcvblBOY
Other Notes And Loans Rcvbl EOY20515OtherNotesAndLoansRcvblEOY
Other Notes And Loans Rcvbl EOYFMV20515OtherNotesAndLoansRcvblEOYFMV
Total Assets BOY22625TotalAssetsBOY
Total Assets EOY94845TotalAssetsEOY
Total Assets EOYFMV94845TotalAssetsEOYFMV
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY0CapitalStockBOY
Capital Stock EOY0CapitalStockEOY
Paid In Or Capital Surplus BOY0PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY0PaidInOrCapitalSurplusEOY
Retained Earnings BOY22625RetainedEarningsBOY
Retained Earnings EOY94845RetainedEarningsEOY
Total Net Assets BOY22625TotalNetAssetsBOY
Total Net Assets EOY94845TotalNetAssetsEOY
Total Liabilities Net Assets BOY22625TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY94845TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY22625TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses72220ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal94845Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY94845TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year1159320QualifyingDistributionsYear1
Noncharitable Assets Year170525NoncharitableAssetsYear1
Distribution Ratio Year12.259057DistributionRatioYear1
Qualifying Distributions Year2589156QualifyingDistributionsYear2
Noncharitable Assets Year296899NoncharitableAssetsYear2
Distribution Ratio Year26.080104DistributionRatioYear2
Qualifying Distributions Year331560QualifyingDistributionsYear3
Noncharitable Assets Year379361NoncharitableAssetsYear3
Distribution Ratio Year30.397676DistributionRatioYear3
Total Distribution Ratio8.736837TotalDistributionRatio
Average Distribution Ratio2.912279AverageDistributionRatio
Net Noncharitable Assets50094NetNoncharitableAssets
Adjusted Noncharitable Assets145888AdjustedNoncharitableAssets
One Percent Net Investment Income0OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One145888AdjNonchrtblAssetsAndOnePct
Qualifying Distributions503920QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax0InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal0Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income0TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
Tax Due0TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political Activities0LegislativePoliticalActivities
More Than100 Spent0MoreThan100Spent
Form1120 POL Filed0Form1120POLFiled
Sect4955 Tax On Organization0Sect4955TaxOnOrganization
Sect4955 Tax On Managers0Sect4955TaxOnManagers
Reimbursement Of Tax0ReimbursementOfTax
Activities Not Prev Reported0ActivitiesNotPrevReported
Changes To Articles Or Bylaws0ChangesToArticlesOrBylaws
Unrelated Bus Income Over10000UnrelatedBusIncomeOver1000
Termination Etc0TerminationEtc
Requirements Of Sect508e0RequirementsOfSect508e
At Least5000 In Assets1AtLeast5000InAssets
States Filed WithTXStatesFiledWith
Form990 PF Filed With AG1Form990PFFiledWithAG
Private Operating Foundation0PrivateOperatingFoundation
New Substantial Contributors0NewSubstantialContributors
Interest In Controlled Entity0InterestInControlledEntity
Applicable Insurance Contract0ApplicableInsuranceContract
Comply With Public Inspection Rqr1ComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1MARK A COVERBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number7132375660BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1915 FRANKLIN STE 8CAddressLine1
CityHOUSTONCity
StateTXState
ZIP Code77002ZIPCode
FieldValueIRS element (for citing)
Foreign Bank0ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly Person0SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person0BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person0FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person0PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person0TransferAssetsToDsqflyPerson
Payment To Government Offical0PaymentToGovernmentOffical
Uncorrected Prior Acts0UncorrectedPriorActs
Undistributed Income Prior Years0UndistributedIncomePriorYears
Business Holdings0BusinessHoldings
Jeopardy Investments0JeopardyInvestments
Uncorrected Jeopardy Investments0UncorrectedJeopardyInvestments
Influence Legislation0InfluenceLegislation
Influence Election0InfluenceElection
Grants To Individuals0GrantsToIndividuals
Grants To Organizations0GrantsToOrganizations
Noncharitable Purpose0NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract0RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract0PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn0ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (6 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
MARK ALLEN COVER
915 FRANKLIN ST 8-CHOUSTONTX77002DIRECTOR1.00000
ANN MARIE COVER
915 FRANKLIN ST 8-CHOUSTONTX77002DIRECTOR1.00000
ANGELA MARIE COVER
915 FRANKLIN ST 8-CHOUSTONTX77002DIRECTOR0.50000
JONATHAN MARK COVER
915 FRANKLIN ST 8-CHOUSTONTX77002DIRECTOR0.50000
ALLEN MICHAEL COVER
915 FRANKLIN ST 8-CHOUSTONTX77002DIRECTOR0.50000
WILLIAM RANDALL COVER
915 FRANKLIN ST 8-CHOUSTONTX77002DIRECTOR0.50000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k0TotNumberOfCntrctPaidOver50k

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

FieldValueIRS element (for citing)
Description1SUPPORT RELIGIOUS AND MISSIONARY ORGANIZATIONS AND OTHERS ORGANIZATIONS THAT REPRESENT THESE VALUES. SUPPORTED 14 CHURCHES, CHURCH RELATED AND MISSIONARY ORGANIZATIONSDescription1
Expenses1503920Expenses1

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities0AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances30357AvgMonthlyCashBalances
FMV All Other Noncharitable Assets20500FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets50857TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets50857AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable763CashDeemedCharitable
Net Noncharitable Assets50094NetNoncharitableAssets
Minimum Investment Return2505MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return2505MinimumInvestmentReturn
Total Tax0TotalTax
Distributable Amount Before Adj2505DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded2505DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted2505DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions503920ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions503920QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions503920AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted2505DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year327755ExcessDistriCarryoverYear3
Excess Distri Carryover Year2584339ExcessDistriCarryoverYear2
Excess Distri Carryover Year1155794ExcessDistriCarryoverYear1
Total Excess Distri Carryover767888TotalExcessDistriCarryover
Qualifying Distributions503920QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year2505AppliedToCurrentYear
Remaining Distri From Corpus501415RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus0ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY0ExcessDistriCyovAppliedCY
Total Corpus1269303TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Prior Year Deficiency Or Tax0PriorYearDeficiencyOrTax
Taxable Amount10TaxableAmount1
Taxable Amount20TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g30DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year50ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year1269303ExcessDistriCyovToNextYear
Excess From Year327755ExcessFromYear3
Excess From Year2584339ExcessFromYear2
Excess From Year1155794ExcessFromYear1
Excess From Current Year501415ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (14 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmountRecipient RelationshipRecipientRelationship
ANTIOCH NEW TESTAMENT BAPTIST MISSION
PO BOX 144ELKTONMD21922RELIGIOUS ORGANIZATIMONTHLY LIVING & MINISTRY EXPENSES INCURRED BY MISSIONARIES$5,600
BAPTIST INTERNATIONAL MISSIONS INC
PO BOX 9215CHATTANOOGATN374120215RELIGIOUS ORGANIZATIMONTHLY LIVING & MINISTRY EXPENSES INCURRED BY MISSIONARIES$12,400N/A
BAPTIST MID MISSIONS
PO BOX 308011CLEVELANDOH441308011RELIGIOUS ORGANIZATIMONTHLY LIVING & MINISTRY EXPENSES INCURRED BY MISSIONARIES$5,600N/A
BJU CAMPUS SPACES
PO BOX 34555GREENVILLESC29614UNIVERSITYDORMITORIES$400,000N/A
CHRISTIAN WAY MISSIONS INC
204 GRIFFIN DRGREENVILLESC296094067RELIGIOUS ORGANIZATIMONTHLY LIVING & MINISTRY EXPENSES INCURRED BY MISSIONAIRES$1,900N/A
GOSPEL FELLOWSHIP ASSOCIATION
1809 WADE HAMPTON BLVD STE 110GREENVILLESC296094067RELIGIOUS ORGANIZATIMONTHLY LIVING & MINISTRY EXPENSES INCURRED BY MISSIONARIES$4,700
GREENWOOD VILLAGE CHURCH
20300 CYPRESSWOOD DRHUMBLETX77338CHURCHGENERAL OPERATIONAL EXPENSE$39,700N/A
LA ESPADA
PO BOX 1360MISSIONTX785731360RELIGIOUS ORGANIZATIMONTHLY LIVING & MINISTRY EXPENSES INCURRED BY MISSIONARIES$10,920N/A
NEW TRIBES MISSION
PO BOX 1787SANFORDFL32772RELIGIOUS ORGANIZATIMONTHLY LIVING & MINISTRY EXPENSES INCURRED BY MISSIONARIES$4,100N/A
WORLD WIDE NEW TESTAMENT BAPTIST MISSION
PO DRAWER 725KINGS MOUNTAINNC28086RELIGIOUS ORGANIZATIMONTHLY LIVING & MINISTRY EXPENSES INCURRED BY MISSIONARIES$4,700N/A
CENTRAL MISSIONARY CLEARINGHOUSE
PO BOX 1219228HOUSTONTX772189228RELIGIOUS ORGANIZATIMONTHLY LIVING & MINISTRY EXPENSES INCURRED BY MISSIONARIES$1,500
FUNDAMENTAL CHRISTIAN ENDEAVORS (IRONWOOD)
49191 CHEROKEE ROADNEWBERRY SPRINGSCA92365RELIGIOUS ORGANIZATIMONTHLY LIVING & MINISTRY EXPENSES INCURRED BY MISSIONARIES$2,200N/A
STUDENT MOBILIZATION
PO BOX 567CONWAYAR72023RELIGIOUS ORGANIZATIMONTHLY LIVING & MINISTRY EXPENSES INCURRED BY MISSIONARIES$600N/A
FARMER CHRISTIAN ACADEMY - C&M MINISTRIES
4751 DUNBAR BRIDGE ROADASHEBORONC27205RELIGIOUS ORGANIZATIBUILDING RENOVATIONS$10,000N/A
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year503920TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future0TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion$0ExclusionAmount
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA0TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EO0TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO0TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO0PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc0RentalOfFacilitiesEtc
Reimbursement Arrangements0ReimbursementArrangements
Loans Or Loan Guarantees0LoansOrLoanGuarantees
Performance Of Services Etc0PerformanceOfServicesEtc
Sharing Of Facilities Etc0SharingOfFacilitiesEtc
Relationships Noncharitable E Os0RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor Number1ContributorNumber
Contributor Name IndividualMARK ANN MARIE COVERContributorNameIndividual

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1915 FRANKLIN 8-CAddressLine1
CityHOUSTONCity
StateTXState
ZIP Code77002ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions577424AggregateContributions
Person Contribution TypeXPersonContributionType

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryACCOUNTING TAX PREPCategory
Amount$1,250Amount
Net Investment Income0NetInvestmentIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionBANK FEESDescription
Revenue And Expenses Per Books34RevenueAndExpensesPerBooks
Net Investment Income0NetInvestmentIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

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