CITIZENS COMMUNITY FOUNDATION INC: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- CITIZENS COMMUNITY FOUNDATION INC (EIN 20-3537437)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2013-11-15
- IRS object ID
- 201343199349101744
- Schema version
- 2011v1.5
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-15T14:58:52-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILSON & COMPANY PSC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1120 | AddressLine1 |
| City | SOMERSET | City |
| State | KY | State |
| ZIP Code | 42502 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 203537437 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITIZENS COMMUNITY FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CITI | NameControl |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 145 WOODLAND DRIVE | AddressLine1 |
| City | SOMERSET | City |
| State | KY | State |
| ZIP Code | 42502 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CLAY PARKER DAVIS | Name |
| Title | DIRECTOR | Title |
| Date Signed | 2013-11-11 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WILLIAM J WILSON III | Name |
| Phone | 6066785158 | Phone |
| Date Prepared | 2013-11-11 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | X | AmendedReturn |
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 310450 | 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 |
| Interest On Savings Rev And Expnss | 1613 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 1613 | InterestOnSavingsNetInvstIncm |
| Total Revenue And Expenses | 1613 | TotalRevenueAndExpenses |
| Total Net Investment Income | 1613 | TotalNetInvestmentIncome |
| Accounting Fees Rev And Expnss | 485 | AccountingFeesRevAndExpnss |
| Taxes Rev And Expnss | 35 | TaxesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 520 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 35000 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 35000 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 35520 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 35000 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -33907 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 1613 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 344357 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 310450 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 310450 | SavingsAndTempCashInvstEOYFMV |
| Total Assets BOY | 344357 | TotalAssetsBOY |
| Total Assets EOY | 310450 | TotalAssetsEOY |
| Total Assets EOYFMV | 310450 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 344357 | UnrestrictedBOY |
| Unrestricted EOY | 310450 | UnrestrictedEOY |
| Total Net Assets BOY | 344357 | TotalNetAssetsBOY |
| Total Net Assets EOY | 310450 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 344357 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 310450 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 344357 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -33907 | ExcessOfRevenueOverExpenses |
| Subtotal | 310450 | Subtotal |
| Total Net Assets Fund Balances EOY | 310450 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 32480 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 28529 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 1.138491 | DistributionRatioYear1 |
| Noncharitable Assets Year2 | 359998 | NoncharitableAssetsYear2 |
| Qualifying Distributions Year3 | 20000 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 382780 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.052249 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 20000 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 384372 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.052033 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 20750 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 283751 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.073127 | DistributionRatioYear5 |
| Total Distribution Ratio | 1.315900 | TotalDistributionRatio |
| Average Distribution Ratio | 0.328975 | AverageDistributionRatio |
| Net Noncharitable Assets | 322855 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 106211 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 16 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 106227 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 35000 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 32 | InvestmentIncomeExciseTax |
| Subtotal | 32 | Subtotal |
| Tax Based On Investment Income | 32 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 32 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 32 | TotalCreditsAndPayments |
| 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 | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | KY | 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 | CLAY PARKER DAVIS | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 6066799229 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 145 WOODLAND AVENUE | AddressLine1 |
| City | SOMERSET | City |
| State | KY | State |
| ZIP Code | 42501 | ZIPCode |
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 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| CLAY PARKER DAVIS | ||||||||
| 145 WOODLAND DRIVE | SOMERSET | KY | 42501 | DIRECTOR | 3.00 | 0 | 0 | 0 |
| CY WADDLE | ||||||||
| 780 JARVIS AVENUE | SOMERSET | KY | 42501 | DIRECTOR | 3.00 | 0 | 0 | 0 |
| HARRIS RAKESTRAW III | ||||||||
| 3593 HIGHWAY 39 | SOMERSET | KY | 42503 | DIRECTOR | 3.00 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 0 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 327772 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 327772 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 327772 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 4917 | CashDeemedCharitable |
| Net Noncharitable Assets | 322855 | NetNoncharitableAssets |
| Minimum Investment Return | 16143 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 16143 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 32 | TaxBasedOnInvestmentIncome |
| Total Tax | 32 | TotalTax |
| Distributable Amount Before Adj | 16111 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 16111 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 16111 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 35000 | ExpensesAndContributions |
| Qualifying Distributions | 35000 | QualifyingDistributions |
| Adj Qualifying Distributions | 35000 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 16111 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year5 | 3429 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 1134 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 1007 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year1 | 31094 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 36664 | TotalExcessDistriCarryover |
| Qualifying Distributions | 35000 | QualifyingDistributions |
| Applied To Current Year | 16111 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 18889 | RemainingDistriFromCorpus |
| Total Corpus | 55553 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov From Year5 | 3429 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 52124 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 1134 | ExcessFromYear4 |
| Excess From Year3 | 1007 | ExcessFromYear3 |
| Excess From Year1 | 31094 | ExcessFromYear1 |
| Excess From Current Year | 18889 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (5 entries)
| Business Name Line2RecipientBusinessName/BusinessNameLine2 | Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|---|
| OAK HILL BAPTIST CHURCH | ||||||||
| OAK HILL BAPTIST CHURCH | 2135 OAK HILL ROAD | GEORGETOWN | KY | 42503 | NONE | NONE | DONATION - DONEE'S GENERAL PURPOSE | $5,000 |
| SOMERSET COMMUNITY COLLEGE FOUNDATI | ||||||||
| SOMERSET COMMUNITY COLLEGE FOUNDATION | 808 MONTICELLO STREET | SOMERSET | KY | 42501 | NONE | NONE | EDUCATION | $20,000 |
| BLUE GRASS BOY SCOUTS | ||||||||
| BLUE GRASS BOY SCOUTS | 3445 RICHMOND ROAD | LEXINGTON | KY | 40509 | NONE | NONE | DONATION - DONEE'S GENERAL PURPOSE | $2,500 |
| GEORGETOWN COLLEGE | ||||||||
| GEORGETOWN COLLEGE | 400 EAST COLLEGE STREET | GEORGETOWN | KY | 40324 | NONE | NONE | DONATION - DONEE'S GENERAL PURPOSE | $5,000 |
| THE CENTER FOR RURAL DEVELOPMENT | ||||||||
| THE CENTER FOR RURAL DEVELOPMENT | 2292 SOUTH HIGHWAY 27 | SOMERSET | KY | 42501 | NONE | NONE | EDUCATION | $2,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 35000 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $1,613 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,613 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 1613 | 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 (2 entries)
| CategoryCategory | AmountAmount |
|---|---|
| ACCOUNTING FEES | |
| ACCOUNTING FEES | $485 |
Compensation Explanation CompensationExplanation
Compensation Compensation (3 entries)
| CLAY PARKER DAVIS |
| CY WADDLE |
| HARRIS RAKESTRAW III |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAXES AND LICENSE | Category |
| Amount | $35 | Amount |
Comments