GATEWOOD FOUNDATION INC: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- GATEWOOD FOUNDATION INC (EIN 20-4254147)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-05-06
- IRS object ID
- 201331269349100103
- 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
- Form 990-PF
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-06T07:04:39-07:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VICKI PYLES OWENS CPA PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 N MAIN ST | AddressLine1 |
| City | CEDARTOWN | City |
| State | GA | State |
| ZIP Code | 30125 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 204254147 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GATEWOOD FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GATE | NameControl |
| Phone | 7707490180 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 897 | AddressLine1 |
| City | CEDARTOWN | City |
| State | GA | State |
| ZIP Code | 30125 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DEBORAH S FREEMAN | Name |
| Title | PRESIDENT | Title |
| Phone | 7707490180 | Phone |
| Date Signed | 2013-05-01 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | VICKI P OWENS | Name |
| Phone | 7707488254 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 33820 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Dividends Rev And Expnss | 1337 | DividendsRevAndExpnss |
| Capital Gain Net Incm Net Invst Incm | 0 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 1337 | TotalRevenueAndExpenses |
| Total Net Investment Income | 0 | TotalNetInvestmentIncome |
| Accounting Fees Rev And Expnss | 175 | AccountingFeesRevAndExpnss |
| Other Prof Fees Rev And Expnss | 501 | OtherProfFeesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 676 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 7000 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 7000 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 7676 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 7000 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -6339 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 0 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 856 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 9829 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 9829 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 35302 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 23991 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 23991 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 36158 | TotalAssetsBOY |
| Total Assets EOY | 33820 | TotalAssetsEOY |
| Total Assets EOYFMV | 33820 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Capital Stock BOY | 36158 | CapitalStockBOY |
| Capital Stock EOY | 33820 | CapitalStockEOY |
| Total Net Assets BOY | 36158 | TotalNetAssetsBOY |
| Total Net Assets EOY | 33820 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 36158 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 33820 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 36158 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -6339 | ExcessOfRevenueOverExpenses |
| Other Increases | 4001 | OtherIncreases |
| Subtotal | 33820 | Subtotal |
| Total Net Assets Fund Balances EOY | 33820 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Qualifying Distributions Year1 | 500 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 35616 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.014039 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 1800 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 38512 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.046739 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 20500 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 35690 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.574391 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 20485 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 51360 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.398851 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 5453 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 102291 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.053309 | DistributionRatioYear5 |
| Total Distribution Ratio | 1.087329 | TotalDistributionRatio |
| Average Distribution Ratio | 0.217466 | AverageDistributionRatio |
| Net Noncharitable Assets | 33313 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 7244 | AdjustedNoncharitableAssets |
| Adj Nonchrtbl Assets And One | 7244 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 7000 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 0 | InvestmentIncomeExciseTax |
| Tax Under Section511 | 0 | TaxUnderSection511 |
| Tax Based On Investment Income | 0 | TaxBasedOnInvestmentIncome |
| Amount Credited To Next Year | 0 | AmountCreditedToNextYear |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | false | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | GA | StatesFiledWith |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
| Books In Care Of Person Name | REED FREEMAN | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 7707490180 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 N MAIN ST | AddressLine1 |
| City | CEDARTOWN | City |
| State | GA | State |
| ZIP Code | 30125 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | false | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Business Holdings | false | BusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| DEBORAH S FREEMAN | ||||||||
| 607 CHEROKEE RD | CEDARTOWN | GA | 30125 | PRESIDENT | 0 | 0 | 0 | 0 |
| MOLLY F JORDAN | ||||||||
| CHEROKEE RD | CEDARTOWN | GA | 30125 | SECRETARY | 0 | 0 | 0 | 0 |
| JOHN R FREEMAN | ||||||||
| 607 CHEROKEE RD | CEDARTOWN | GA | 30125 | TREASURER | 0 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Tot Number Of Oth Empl Paid Over50k | 0 | TotNumberOfOthEmplPaidOver50k |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
| Tot Number Of Cntrct Paid Over50k | 0 | TotNumberOfCntrctPaidOver50k |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | PROVIDED FUNDS TO 501(C)(3) ORGANIZATIONS | Description1 |
| Expenses1 | 7000 | Expenses1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 0 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 0 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 33820 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 33820 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 33820 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 507 | CashDeemedCharitable |
| Net Noncharitable Assets | 33313 | NetNoncharitableAssets |
| Minimum Investment Return | 1666 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 1666 | MinimumInvestmentReturn |
| Distributable Amount Before Adj | 1666 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 1666 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 1666 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 7000 | ExpensesAndContributions |
| Qualifying Distributions | 7000 | QualifyingDistributions |
| Adj Qualifying Distributions | 7000 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 1666 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 1666 | UndistributedIncomePriorYear |
| Excess Distri Carryover Year4 | 19454 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 17965 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 30 | ExcessDistriCarryoverYear2 |
| Total Excess Distri Carryover | 37449 | TotalExcessDistriCarryover |
| Qualifying Distributions | 7000 | QualifyingDistributions |
| Applied To Year1 | 1666 | AppliedToYear1 |
| Remaining Distri From Corpus | 5334 | RemainingDistriFromCorpus |
| Total Corpus | 42783 | TotalCorpus |
| Undistributed Income CY | 1666 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 42783 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 19454 | ExcessFromYear4 |
| Excess From Year3 | 17965 | ExcessFromYear3 |
| Excess From Year2 | 30 | ExcessFromYear2 |
| Excess From Current Year | 5334 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | REED DEBORAH FREEMAN | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (7 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|
| RENAISSANCE CHALLENGE | ||||||
| COLLEGE STREET | CEDARTOWN | GA | 30125 | SCHOOL | EDUCATION | $250 |
| CEDARTOWN JR SERVICE | ||||||
| COLLEGE STREET | CEDARTOWN | GA | 30125 | 501(C) | ARTS | $250 |
| FIRST METHODIST PRESCHOOL | ||||||
| WISSAHICKON AVENUE | CEDARTOWN | GA | 30125 | CHURCH | EDUCATION | $250 |
| GEORGIA LAND TRUST | ||||||
| 428 BULL STRETE | SAVANNAH | GA | 31401 | 501(C) | CONSERVATION | $750 |
| SAMARITAN'S PURSE | ||||||
| P O BOX 3000 | BOONE | NC | 28607 | 501(C) | BENEVOLENCE | $1,000 |
| FIRST PRESBYTERIAN | ||||||
| 101 E 3RD AVENUE | ROME | GA | 30165 | CHURCH | RELIGIOUS | $4,000 |
| FLOYD BREAST CENTER | ||||||
| 304 TURNER MCCALL BLVD | ROME | GA | 30165 | 501(C) | RESEARCH | $500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 7000 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Program Service Revenue Part VII ProgramServiceRevenuePartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | NONE | Description |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 1337 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 1337 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 1337 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | VICKI OWENS CPA TAX RETURN | Category |
| Amount | $175 | Amount |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Stock | CETERA ADVISORS | NameOfStock |
| EOY Book Value | 23991 | EOYBookValue |
| EOYFMV | 23991 | EOYFMV |
Other Increases Schedule OtherIncreasesSchedule
Other Increases OtherIncreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Increase in Market Value | Description |
| Amount | $4,001 | Amount |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees (2 entries)
| CategoryCategory | AmountAmount |
|---|---|
| D. REED FREEMAN INV. ADVISORY SERVICES | $401 |
| Secretary of State Registration | $100 |
Comments