THE MILFORD R AND REBA S QUINN FAMILY FOUNDATION: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
THE MILFORD R AND REBA S QUINN FAMILY FOUNDATION (EIN 56-2089449)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-05-11
IRS object ID
201131319349101353
Schema version
2010v3.2
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)
Timestamp2011-05-11T13:10:43-05:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1BLACK CHESTNUTT & JOHNSON PABusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 588AddressLine1
CityCLINTONCity
StateNCState
ZIP Code28329ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN562089449EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE MILFORD R & REBA S QUINN FAMILY FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlMILFNameControl
Phone9102933524Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1526 WORKS FARM ROADAddressLine1
CityWARSAWCity
StateNCState
ZIP Code28398ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameMILFORD R QUINNName
TitlePRESIDENTTitle
Phone9102933524Phone
Date Signed2011-05-10DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameMICHAEL L CHESTNUTTName
Phone9105928036Phone
Date Prepared2011-05-10DatePrepared
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY98077FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Dividends Rev And Expnss1140DividendsRevAndExpnss
Dividends Net Invst Incm1140DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss-5135NetGainSaleAssetsRevAndExpnss
Gross Sales Price19900GrossSalesPrice
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses-3995TotalRevenueAndExpenses
Total Net Investment Income1140TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm0CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps0CompOfcrDirTrstDsbrsChrtblPrps
Other Prof Fees Rev And Expnss686OtherProfFeesRevAndExpnss
Other Prof Fees Net Invst Incm686OtherProfFeesNetInvstIncm
Other Prof Fees Dsbrs Chrtbl Prps0OtherProfFeesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss686TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm686TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss20000ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps20000ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss20686TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm686TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps20000TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-24681ExcessOfRevenueOverExpenses
Net Investment Income454NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY2234SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY338SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV338SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY129339InvestmentsCorpStockBOY
Investments Corp Stock EOY106554InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV97739InvestmentsCorpStockEOYFMV
Total Assets BOY131573TotalAssetsBOY
Total Assets EOY106892TotalAssetsEOY
Total Assets EOYFMV98077TotalAssetsEOYFMV
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 BOY131573RetainedEarningsBOY
Retained Earnings EOY106892RetainedEarningsEOY
Total Net Assets BOY131573TotalNetAssetsBOY
Total Net Assets EOY106892TotalNetAssetsEOY
Total Liabilities Net Assets BOY131573TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY106892TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY131573TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-24681ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal106892Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY106892TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo

FieldValueIRS element (for citing)
Description Of AssetROWE T PRICE CAP OPPORTUNITIES FUND - 1454.6780 SHARESDescriptionOfAsset
How AcquiredPHowAcquired
Gross Sales Price19900GrossSalesPrice
Cost Or Other Basis25035CostOrOtherBasis
Gain Or Loss-5135GainOrLoss
Gains Minus Excess Or Losses-5135GainsMinusExcessOrLosses
FieldValueIRS element (for citing)
Capital Gain Net Income-5135CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year119995QualifyingDistributionsYear1
Noncharitable Assets Year1153807NoncharitableAssetsYear1
Distribution Ratio Year10.130001DistributionRatioYear1
Qualifying Distributions Year29995QualifyingDistributionsYear2
Noncharitable Assets Year2170010NoncharitableAssetsYear2
Distribution Ratio Year20.058791DistributionRatioYear2
Qualifying Distributions Year39927QualifyingDistributionsYear3
Noncharitable Assets Year3173685NoncharitableAssetsYear3
Distribution Ratio Year30.057155DistributionRatioYear3
Qualifying Distributions Year49682QualifyingDistributionsYear4
Noncharitable Assets Year4154228NoncharitableAssetsYear4
Distribution Ratio Year40.062777DistributionRatioYear4
Qualifying Distributions Year510000QualifyingDistributionsYear5
Noncharitable Assets Year5171119NoncharitableAssetsYear5
Distribution Ratio Year50.058439DistributionRatioYear5
Total Distribution Ratio0.367163TotalDistributionRatio
Average Distribution Ratio0.073433AverageDistributionRatio
Net Noncharitable Assets127573NetNoncharitableAssets
Adjusted Noncharitable Assets9368AdjustedNoncharitableAssets
One Percent Net Investment Income5OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One9373AdjNonchrtblAssetsAndOnePct
Qualifying Distributions20000QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax5InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal5Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income5TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
Tax Due5TaxDue

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 WithNCStatesFiledWith
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 NameBLACK CHESTNUTT JOHNSON PABooksInCareOfPersonName
Books In Care Of Phone Number9105928036BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1501 COLLEGE STREETAddressLine1
CityCLINTONCity
StateNCState
ZIP Code28328ZIPCode
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 (5 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
TERRY C QUINN
526 WORKS FARM ROADWARSAWNC28398PRESIDENT0.00000
MILFORD C QUINN
526 WORKS FARM ROADWARSAWNC28398VICE PRESIDENT0.00000
ROBIN S QUINN
526 WORKS FARM ROADWARSAWNC28398SECRETARY0.00000
KIMBERLY QUINN
526 WORKS FARM ROADWARSAWNC28398TREASURER0.00000
MILFORD R QUINN
526 WORKS FARM ROADWARSAWNC28398FOUNDATION MANAGER0.00000
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 Securities127440AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances2076AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets129516TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets129516AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable1943CashDeemedCharitable
Net Noncharitable Assets127573NetNoncharitableAssets
Minimum Investment Return6379MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return6379MinimumInvestmentReturn
Tax Based On Investment Income5TaxBasedOnInvestmentIncome
Total Tax5TotalTax
Distributable Amount Before Adj6374DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded6374DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted6374DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions20000ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions20000QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm5OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions19995AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted6374DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year51501ExcessDistriCarryoverYear5
Excess Distri Carryover Year42607ExcessDistriCarryoverYear4
Excess Distri Carryover Year31389ExcessDistriCarryoverYear3
Excess Distri Carryover Year21504ExcessDistriCarryoverYear2
Excess Distri Carryover Year112315ExcessDistriCarryoverYear1
Total Excess Distri Carryover19316TotalExcessDistriCarryover
Qualifying Distributions20000QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year6374AppliedToCurrentYear
Remaining Distri From Corpus13626RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus0ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY0ExcessDistriCyovAppliedCY
Total Corpus32942TotalCorpus
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 Year51501ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year31441ExcessDistriCyovToNextYear
Excess From Year42607ExcessFromYear4
Excess From Year31389ExcessFromYear3
Excess From Year21504ExcessFromYear2
Excess From Year112315ExcessFromYear1
Excess From Current Year13626ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerMILFORD R QUINNContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (2 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
CAMPBELL UNIVERSITY
P O BOX 567BUIES CREEKNC27506NON-PROFITCONVOCATION CENTER$10,000
CAROLINA EAST HOSPICE
401 N MAIN STKENANSVILLENC28349NON-PROFITGENERAL OPERATIONS$10,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year20000TotGrantOrContriPaidDuringYear
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$1,140ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code18ExclusionCode
Exclusion-$5,135ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion-$3,995ExclusionAmount
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA-3995TotalPartXVIA

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 StockROWE T PRICE CAP OPPORTUNITIES FUNDNameOfStock
EOY Book Value106554EOYBookValue
EOYFMV97739EOYFMV

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees

FieldValueIRS element (for citing)
CategoryMONTHLY MAINTENANCE FEESCategory
Amount$686Amount
Net Investment Income686NetInvestmentIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

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