EDGAR T CATO FOUNDATION INC: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
EDGAR T CATO FOUNDATION INC (EIN 65-0450989)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-09-17
IRS object ID
201222619349100602
Schema version
2011v1.2
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)
Timestamp2012-09-17T08:59:01-05:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN560574444EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1CHERRY BEKAERT & HOLLAND LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line15350 WOODSIDE EXEC COURTAddressLine1
CityAIKENCity
StateSCState
ZIP Code29803ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN650450989EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1EDGAR T CATO FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlEDGANameControl
Phone8032260072Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1333 PARK AVE SWAddressLine1
CityAIKENCity
StateSCState
ZIP Code29801ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameTHOMAS R CANNONName
TitlePRESIDENTTitle
Phone8035142671Phone
Date Signed2012-09-17DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameCINDY MEARESName
PTINP00025362PTIN
Phone8036482692Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY1011808FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss35000ContriReceivedRevAndExpnss
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Dividends Rev And Expnss10952DividendsRevAndExpnss
Dividends Net Invst Incm10952DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss71901NetGainSaleAssetsRevAndExpnss
Gross Sales Price186092GrossSalesPrice
Capital Gain Net Incm Net Invst Incm71901CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses117853TotalRevenueAndExpenses
Total Net Investment Income82853TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm0CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps0CompOfcrDirTrstDsbrsChrtblPrps
Taxes Rev And Expnss2056TaxesRevAndExpnss
Taxes Net Invst Incm619TaxesNetInvstIncm
Taxes Dsbrs Chrtbl Prps0TaxesDsbrsChrtblPrps
Other Expenses Rev And Expnss9548OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm8637OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps850OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss11604TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm9256TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps850TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss220000ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps220000ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss231604TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm9256TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps220850TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-113751ExcessOfRevenueOverExpenses
Net Investment Income73597NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY3742CashBOY
Cash EOY286616CashEOY
Cash EOYFMV286616CashEOYFMV
Investments Corp Stock BOY100165InvestmentsCorpStockBOY
Investments Corp Stock EOY135165InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV135165InvestmentsCorpStockEOYFMV
Investments Other BOY1239076InvestmentsOtherBOY
Investments Other EOY590027InvestmentsOtherEOY
Investments Other EOYFMV590027InvestmentsOtherEOYFMV
Total Assets BOY1342983TotalAssetsBOY
Total Assets EOY1011808TotalAssetsEOY
Total Assets EOYFMV1011808TotalAssetsEOYFMV
Loans From Officers BOY26642LoansFromOfficersBOY
Loans From Officers EOY26642LoansFromOfficersEOY
Total Liabilities BOY26642TotalLiabilitiesBOY
Total Liabilities EOY26642TotalLiabilitiesEOY
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 BOY1316341RetainedEarningsBOY
Retained Earnings EOY985166RetainedEarningsEOY
Total Net Assets BOY1316341TotalNetAssetsBOY
Total Net Assets EOY985166TotalNetAssetsEOY
Total Liabilities Net Assets BOY1342983TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY1011808TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY1316341TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-113751ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal1202590Subtotal
Other Decreases217424OtherDecreases
Total Net Assets Fund Balances EOY985166TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (7 entries)

Description Of AssetDescriptionOfAssetHow AcquiredHowAcquiredGross Sales PriceGrossSalesPriceCost Or Other BasisCostOrOtherBasisGain Or LossGainOrLossGains Minus Excess Or LossesGainsMinusExcessOrLosses
MERRILL LYNCH MARISCO ACCT 850-02055P8436788853-4486-4486
MERRILL LYNCH MARISCO ACCT 850-02055P520004477172297229
MERRILL LYNCH MOODY ACCT 850-02056P173041153557695769
MERRILL LYNCH MOODY ACCT 850-02055P322402883334073407
VALUE PARTNERS ASIA FUND K-1P28422842
VALUE PARTNERS ASIA FUND K-1P5695956959
CAPITAL GAINS DIVIDENDSP181181181
FieldValueIRS element (for citing)
Capital Gain Net Income71901CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year1223012QualifyingDistributionsYear1
Noncharitable Assets Year11353948NoncharitableAssetsYear1
Distribution Ratio Year10.164712DistributionRatioYear1
Qualifying Distributions Year2455652QualifyingDistributionsYear2
Noncharitable Assets Year21329322NoncharitableAssetsYear2
Distribution Ratio Year20.342770DistributionRatioYear2
Qualifying Distributions Year3368854QualifyingDistributionsYear3
Noncharitable Assets Year31734475NoncharitableAssetsYear3
Distribution Ratio Year30.212660DistributionRatioYear3
Qualifying Distributions Year4513283QualifyingDistributionsYear4
Noncharitable Assets Year42212526NoncharitableAssetsYear4
Distribution Ratio Year40.231990DistributionRatioYear4
Qualifying Distributions Year5175183QualifyingDistributionsYear5
Noncharitable Assets Year51297996NoncharitableAssetsYear5
Distribution Ratio Year50.134964DistributionRatioYear5
Total Distribution Ratio1.087096TotalDistributionRatio
Average Distribution Ratio0.217419AverageDistributionRatio
Net Noncharitable Assets1353948NetNoncharitableAssets
Adjusted Noncharitable Assets294374AdjustedNoncharitableAssets
One Percent Net Investment Income736OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One295110AdjNonchrtblAssetsAndOnePct
Qualifying Distributions220850QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax1472InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal1472Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income1472TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
Form2220 AttachedXForm2220Attached
Penalty For Underpayment35PenaltyForUnderpayment
Tax Due1507TaxDue

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 Sect508e1RequirementsOfSect508e
At Least5000 In Assets1AtLeast5000InAssets
States Filed WithFLStatesFiledWith
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 Person NameJEAN COVINGTONBooksInCareOfPersonName
Books In Care Of Phone Number8035142671BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1333 PARK AVE SWAddressLine1
CityAIKENCity
StateSCState
ZIP Code29801ZIPCode
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 (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
CHRISTINE ANNE CATO
333 PARK AVE SWAIKENSC29801PRESIDENT/DIRECTOR0.00000
EDGAR T CATO III
333 PARK AVE SWAIKENSC29801VICE PRESIDENT/DIRECTOR0.00000
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

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities1374567AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances0AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets1374567TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets1374567AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable20619CashDeemedCharitable
Net Noncharitable Assets1353948NetNoncharitableAssets
Minimum Investment Return67697MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return67697MinimumInvestmentReturn
Tax Based On Investment Income1472TaxBasedOnInvestmentIncome
Total Tax1472TotalTax
Distributable Amount Before Adj66225DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded66225DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted66225DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions220850ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions220850QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions220850AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted66225DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year5111461ExcessDistriCarryoverYear5
Excess Distri Carryover Year4409328ExcessDistriCarryoverYear4
Excess Distri Carryover Year3282165ExcessDistriCarryoverYear3
Excess Distri Carryover Year2389238ExcessDistriCarryoverYear2
Excess Distri Carryover Year1156708ExcessDistriCarryoverYear1
Total Excess Distri Carryover1348900TotalExcessDistriCarryover
Qualifying Distributions220850QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year66225AppliedToCurrentYear
Remaining Distri From Corpus154625RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus0ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY0ExcessDistriCyovAppliedCY
Total Corpus1503525TotalCorpus
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 Year5111461ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year1392064ExcessDistriCyovToNextYear
Excess From Year4409328ExcessFromYear4
Excess From Year3282165ExcessFromYear3
Excess From Year2389238ExcessFromYear2
Excess From Year1156708ExcessFromYear1
Excess From Current Year154625ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (3 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
COLLEGE OF CHARLESTON FOUNDATION
WILSON-SOTTILE HOUSECHARLESTONSC29401NONESUPPORTING ORGANIZATSUPPORT EDUCATIONAL PROGRAMS$100,000
HITCHCOCK WOODS FOUNDATION
P O BOX 1702AIKENSC29802NONEPUBLIC CHARITYSUPPORT HITCHCOCK WOODS PRESERVATION$100,000
MFHA FOUNDATION
PO BOX 363MILLWOODVA22646NONEPUBLIC CHARITYTO PRESERVE THE SPORT OF FOX HUNTING$20,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year220000TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future0TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$10,952ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$71,901ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion$82,853ExclusionAmount
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA82853TotalPartXVIA

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

FieldValueIRS element (for citing)
Name Of StockHARBOUR BANKNameOfStock
EOY Book Value135165EOYBookValue
EOYFMV135165EOYFMV

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther (6 entries)

Category Or ItemCategoryOrItemListed At Cost Or FMVListedAtCostOrFMVBook ValueBookValueEOYFMVEOYFMV
MERRILL LYNCH MARISCO STMT ACCT 850-02055FMV116064116064
MERRILL LYNCH MOODY STMT ACCT 850-02056FMV118494118494
MARTIN CURIE CHINA A SHARES PTPFMV00
MARTIN CURIE CHINA A CLASS S SHARES PTPFMV90399039
MARTIN CURIE CHINA A CLASS L2 SHARES PTPFMV116297116297
VALUE PARTNERS ASIA FUND, LLCFMV230133230133

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

FieldValueIRS element (for citing)
DescriptionUNREALIZED GAINS & LOSSESDescription
Amount$217,424Amount

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (7 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
PROFESSIONAL / LEGAL8500850
ANNUAL FILING FEE6100
INVESTMENT ACCOUNT FEES238923890
SECTION 988 LOSS FROM K-1-616-6160
OTHER DEDUCTIONS PER K-1640264020
BANK CHARGES3953950
POSTAGE67670

Taxes Schedule TaxesSchedule

Taxes Taxes (3 entries)

CategoryCategoryAmountAmountNet Investment IncomeNetInvestmentIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
FOREIGN TAXES PAID$6196190
FEDERAL TAXES$1,39300
PENALTIES$4400

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