PRUITT PRIVATE FOUNDATION TRUST REV TR CREATED AGREEMENT 052197: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
PRUITT PRIVATE FOUNDATION TRUST REV TR CREATED AGREEMENT 052197 (EIN 58-6343480)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-05-04
IRS object ID
201241259349100649
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)
Timestamp2012-05-04T11:36:44-07:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1JOHNSON & FIELDS LLCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1161 EAST DOYLE STAddressLine1
CityTOCCOACity
StateGAState
ZIP Code305772105ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN586343480EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE PRUITT FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlPRUINameControl
Phone7068868493Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1155AddressLine1
CityTOCCOACity
StateGAState
ZIP Code30577ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameNANCY W PRUITTName
TitleChairmanTitle
Date Signed2012-05-04DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameJ Sam Johnson CPAName
Phone7068863173Phone
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 EOY0FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Dividends Rev And Expnss20064DividendsRevAndExpnss
Dividends Net Invst Incm20064DividendsNetInvstIncm
Dividends Adj Net Incm20064DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss5654NetGainSaleAssetsRevAndExpnss
Gross Sales Price18290GrossSalesPrice
Capital Gain Net Incm Net Invst Incm5654CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses25718TotalRevenueAndExpenses
Total Net Investment Income25718TotalNetInvestmentIncome
Total Adjusted Net Income20064TotalAdjustedNetIncome
Other Prof Fees Rev And Expnss9739OtherProfFeesRevAndExpnss
Interest Rev And Expnss9264InterestRevAndExpnss
Taxes Rev And Expnss72TaxesRevAndExpnss
Tot Opr Expenses Rev And Expnss19075TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss47000ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps47000ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss66075TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps47000TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-40357ExcessOfRevenueOverExpenses
Net Investment Income25718NetInvestmentIncome
Adjusted Net Income20064AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY1224SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY1192SavingsAndTempCashInvstEOY
Investments Corp Stock BOY1613169InvestmentsCorpStockBOY
Investments Corp Stock EOY1618927InvestmentsCorpStockEOY
Total Assets BOY1614393TotalAssetsBOY
Total Assets EOY1620119TotalAssetsEOY
Total Assets EOYFMV0TotalAssetsEOYFMV
Other Liabilities BOY150383OtherLiabilitiesBOY
Other Liabilities EOY196466OtherLiabilitiesEOY
Total Liabilities BOY150383TotalLiabilitiesBOY
Total Liabilities EOY196466TotalLiabilitiesEOY
Org That Follow SFAS117XOrgThatFollowSFAS117
Unrestricted BOY1464010UnrestrictedBOY
Unrestricted EOY1423653UnrestrictedEOY
Total Net Assets BOY1464010TotalNetAssetsBOY
Total Net Assets EOY1423653TotalNetAssetsEOY
Total Liabilities Net Assets BOY1614393TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY1620119TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY1464010TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-40357ExcessOfRevenueOverExpenses
Subtotal1423653Subtotal
Total Net Assets Fund Balances EOY1423653TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

FieldValueIRS element (for citing)
Capital Gain Net Income5654CapitalGainNetIncome
Net Short Term Capital Gain Or Loss-33NetShortTermCapitalGainOrLoss

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year144700QualifyingDistributionsYear1
Noncharitable Assets Year1946971NoncharitableAssetsYear1
Distribution Ratio Year10.04720DistributionRatioYear1
Qualifying Distributions Year274667QualifyingDistributionsYear2
Noncharitable Assets Year2899427NoncharitableAssetsYear2
Distribution Ratio Year20.08302DistributionRatioYear2
Qualifying Distributions Year3111578QualifyingDistributionsYear3
Noncharitable Assets Year31559488NoncharitableAssetsYear3
Distribution Ratio Year30.07155DistributionRatioYear3
Qualifying Distributions Year4113059QualifyingDistributionsYear4
Noncharitable Assets Year42228640NoncharitableAssetsYear4
Distribution Ratio Year40.05073DistributionRatioYear4
Qualifying Distributions Year5109950QualifyingDistributionsYear5
Noncharitable Assets Year52296018NoncharitableAssetsYear5
Distribution Ratio Year50.04789DistributionRatioYear5
Total Distribution Ratio0.30038TotalDistributionRatio
Average Distribution Ratio0.06008AverageDistributionRatio
Net Noncharitable Assets958326NetNoncharitableAssets
Adjusted Noncharitable Assets57573AdjustedNoncharitableAssets
One Percent Net Investment Income257OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One57830AdjNonchrtblAssetsAndOnePct
Qualifying Distributions47000QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax514InvestmentIncomeExciseTax
Subtotal514Subtotal
Tax Based On Investment Income514TaxBasedOnInvestmentIncome
Tax Due514TaxDue

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
Form990 T FiledfalseForm990TFiled
Termination EtcfalseTerminationEtc
Requirements Of Sect508efalseRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithGAStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1NANCY W PRUITTBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number7068868493BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1409 E DOYLE STREETAddressLine1
CityTOCCOACity
StateGAState
ZIP Code30577ZIPCode
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
Acts Fail To Qualify As ExceptionsfalseActsFailToQualifyAsExceptions
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Undistr Income4942a2 Not AppliedfalseUndistrIncome4942a2NotApplied
Business HoldingsfalseBusinessHoldings
Excess Business HoldingsfalseExcessBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Tr Fail To Qualify As ExceptionsfalseTrFailToQualifyAsExceptions
Maint Expend ResponsibilityfalseMaintExpendResponsibility
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn
Proceeds Or Net IncomefalseProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensation
J PAIGE PRUITT
PO BOX 1155TOCCOAGA30577Trustee0.000
LISA P HAMBY
PO BOX 1155TOCCOAGA30577Trustee0.000
NANCY W PRUITT
PO BOX 1155TOCCOAGA30577Chairman0.000
NEIL L PRUITT JR
PO BOX 1155TOCCOAGA30577Trustee0.000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities971313AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances1607AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets972920TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Adj Total FMV Of Unused Assets972920AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable14594CashDeemedCharitable
Net Noncharitable Assets958326NetNoncharitableAssets
Minimum Investment Return47916MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return47916MinimumInvestmentReturn
Tax Based On Investment Income514TaxBasedOnInvestmentIncome
Total Tax514TotalTax
Distributable Amount Before Adj47402DistributableAmountBeforeAdj
Distributable Amount Before Ded47402DistributableAmountBeforeDed
Distributable Amount As Adjusted47402DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions47000ExpensesAndContributions
Qualifying Distributions47000QualifyingDistributions
Adj Qualifying Distributions47000AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted47402DistributableAmountAsAdjusted
Undistributed Income Prior Year46866UndistributedIncomePriorYear
Qualifying Distributions47000QualifyingDistributions
Applied To Year146866AppliedToYear1
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year134AppliedToCurrentYear
Undistributed Income CY47268UndistributedIncomeCY

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 RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
WILEY PRESBYTERIAN CHURCH
193 WILEY CHURCH LANEWILEYGA30581NONEN/ABROWN SCHOLARSHIP$1,500
HOLY INNOCENTS EPISCOPAL SCHOOL
805 MOUNT VERNON HWY NWATLANTAGA30327NONEN/AGENERAL FUND$1,500
STEPHENS COUNTY MIDDLE SCHOOL
6270 ROSE LANETOCCOAGA30577NONEN/AGENERAL BUDGET$1,500
LAKEMONT-WILEY FIRE DEPARTMENT
HWY 441WILEYGA30581NONEN/AGENERAL FUND$2,500
BOGGS MOUNTAIN ANIMAL SHELTER
261 Boen Creek RoadLakemontGA30552NONEN/AGENERAL BUDGET$400
BIG A ELEMENTARY SCHOOL
SORRELLS ROADTOCCOAGA30577NONEN/ABOOKS FOR LIBRARY$1,500
TOCCOA ELEMENTARY SCHOOL
304 NORTH POND STREETTOCCOAGA30577NONEN/ABOOKS FOR LIBRARY$15,000
ST JUDE'S CHILDRENS' RESEARCH
501 ST JUDE PLACEMEMPHISTN38105NONEN/AGENERAL BUDGET$3,000
LAKE RABUN ASSOC FOUNDATION
PO BOX 490LAKEMONTGA30552NONEN/AGENERAL BUDGET$1,000
TALLULAH FALL METHODIST CHURCH
204 CHURCH STREETTALLULAH FALLSGA30573NONEN/ACEMETARY FUND$500
UNITED HOSPICE FOUNDATION
1626 JEURGENS COURTNORCROSSGA30093NONEN/AGENERAL BUDGET$6,000
TOCCOA LITTLE LEAGUE
PO BOX 783TOCCOAGA30577NONEN/AGENERAL BUDGET$600
SALVATION ARMY
348 E FRANKLIN STTOCCOAGA30577NONEN/AGENERAL BUDGET$5,000
UNITED WAY OF NORTHEAST GA
ONE HUNTINGTON ROAD SUITE 805ATHENSGA30606NONEN/AGENERAL BUDGET$7,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year47000TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$20,064ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Related Or Exempt Function Income5654RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$20,064ExclusionAmount
Related Or Exempt Function Income5654RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA25718TotalPartXVIA

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

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionPortfolio Credit LineDescription
BOY Book Value150383BOYBookValue
EOY Book Value196466EOYBookValue

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees (2 entries)

CategoryCategoryAmountAmountNet Investment IncomeNetInvestmentIncomeAdjusted Net IncomeAdjustedNetIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
Investment Mgt Fees$979000
Accounting$8,760000

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
Amount$72Amount

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