ERGON FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- ERGON FOUNDATION (EIN 45-5017945)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-09-19
- IRS object ID
- 202422639349100902
- Schema version
- 2023v5.1
- 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
- Schedule B
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-09-19T13:16:04-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 455017945 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Ergon Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | ERGO | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | john drummond jr | PersonNm |
| Person Title | president | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2024-09-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $25,388,105 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $2,000,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $58,815 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $58,815 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $549,016 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $549,016 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$60,237 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,773,062 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $2,547,594 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $607,831 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $19,800 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $19,800 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $1,515 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $1,515 | PensionEmplBnftDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $86,805 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $86,805 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $6,489 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $789 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $54,277 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $54,277 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $168,886 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $87,594 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $75,592 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $930,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $930,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,099,386 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $87,594 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,006,092 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,448,208 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $520,237 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $3,556,475 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $3,819,329 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $3,819,329 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl BOY | $1,466 | AcctRcvblBOYAmt |
| Corporate Stock BOY | $11,663,186 | CorporateStockBOYAmt |
| Corporate Stock EOY | $13,189,644 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $18,648,385 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $3,257,553 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $3,025,190 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $2,920,391 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $18,478,680 | TotalAssetsBOYAmt |
| Total Assets EOY | $20,034,163 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $25,388,105 | TotalAssetsEOYFMVAmt |
| Other Liabilities EOY | $107,275 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $107,275 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $18,478,680 | RetainedEarningBOYAmt |
| Retained Earning EOY | $19,926,888 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $18,478,680 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $19,926,888 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $18,478,680 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $20,034,163 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $18,478,680 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,448,208 | ExcessRevenueOverExpensesAmt |
| Subtotal | $19,926,888 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $19,926,888 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $2,773,062 | GrossSalesPriceAmt |
| Cost Or Other Basis | $2,833,299 | CostOrOtherBasisAmt |
| Gain Or Loss | -$60,237 | GainOrLossAmt |
| Gains Minus Excess Or Losses | -$60,237 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$60,237 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $7,231 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $7,231 | SubtotalAmt |
| Tax Based On Investment Income | $7,231 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $11,220 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $11,220 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $3,989 | OverpaymentAmt |
| Applied To ES Tax | $3,989 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| John Drummond Jr | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Pres, Dir, Sec | 1.0 | $0 | $0 | $0 |
| John Drummond Sr | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, VP | 1.0 | $0 | $0 | $0 |
| Ashley Glover | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, VP | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Fidelity | |||||
| 245 summer street | BOSTON | MA | 02210 | Investment mgmt | $86,805 |
| Foundation Source | |||||
| 55 Walls Drive 3rd Fl | Fairfield | CT | 06824 | Administrative | $52,434 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $21,051,840 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,504,017 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $22,555,857 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $22,555,857 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $338,338 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $22,217,519 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,110,876 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,110,876 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $7,231 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $7,231 | TotalTaxAmt |
| Distributable Before Adj | $1,103,645 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,103,645 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,103,645 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,006,092 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,006,092 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,103,645 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $980,373 | UndistributedIncomePYAmt |
| Prior Year1 | 2021 | PriorYear1Yr |
| Prior Year2 | 2020 | PriorYear2Yr |
| Prior Year3 | 2019 | PriorYear3Yr |
| Qualifying Distributions | $1,006,092 | QualifyingDistributionsAmt |
| Applied To Year1 | $980,373 | AppliedToYear1Amt |
| Applied To Current Year | $25,719 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $1,077,926 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Ashley Glover | ContributingManagerNm |
| Contributing Manager | John Drummond Jr | ContributingManagerNm |
| Contributing Manager | John Drummond Sr | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (22 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BE LOVE ORPHAN OUTREACH MISSIONS INC | |||||||
| 608 BENTWATER DR | ACWORTH | GA | 30101 | N/A | PC | General & Unrestricted | $12,000 |
| CROSS VISION MISSIONS | |||||||
| PO BOX 132982 | TYLER | TX | 75713 | N/A | PC | General & Unrestricted | $45,000 |
| CROSS VISION MISSIONS | |||||||
| PO BOX 132982 | TYLER | TX | 75713 | N/A | PC | Missionary Support | $18,000 |
| EASTERN EUROPEAN CHILDRENS OUTREACHINC | |||||||
| PO BOX 30671 | INDIANAPOLIS | IN | 46230 | N/A | PC | General & Unrestricted | $12,000 |
| FELLOWSHIP OF CHRISTIAN ATHLETES | |||||||
| 8701 LEEDS RD | KANSAS CITY | MO | 64129 | N/A | PC | Walker-North Jefferson Co, AL | $12,000 |
| FOOTPRINTS ABROAD INTERNATIONAL MINISTRIES | |||||||
| PO BOX 2396 | CULLMAN | AL | 35056 | N/A | PC | General & Unrestricted | $10,000 |
| GRACE COVENANT CHURCH OF BAY COUNTY | |||||||
| 345 W 14TH ST | PANAMA CITY | FL | 32401 | N/A | PC | General & Unrestricted | $102,000 |
| INTERNATIONAL MISSION BOARD OF THE SOUTHERN BAPTIS | |||||||
| 3806 MONUMENT AVE | RICHMOND | VA | 23230 | N/A | PC | Central Asia project | $25,000 |
| INTERNATIONAL MISSION BOARD OF THE SOUTHERN BAPTIS | |||||||
| 3806 MONUMENT AVE | RICHMOND | VA | 23230 | N/A | PC | Central Asia Bridge City Team | $9,500 |
| INTERNATIONAL MISSION BOARD OF THE SOUTHERN BAPTIS | |||||||
| 3806 MONUMENT AVE | RICHMOND | VA | 23230 | N/A | PC | Sending East Asian Missionaries Project | $180,000 |
| INTERNATIONAL MISSION BOARD OF THE SOUTHERN BAPTIS | |||||||
| 3806 MONUMENT AVE | RICHMOND | VA | 23230 | N/A | PC | Sending East Asian Missionaries Project | $80,000 |
| LINC UP MISSIONS INC | |||||||
| PO BOX 1147 | BONIFAY | FL | 32425 | N/A | PC | General & Unrestricted | $1,000 |
| PARK BAPTIST CHURCH | |||||||
| 717 E MAIN ST | ROCK HILL | SC | 29730 | N/A | PC | Residency Program | $6,000 |
| PCA MISSION TO NORTH AMERICA | |||||||
| PO BOX 890233 | CHARLOTTE | NC | 28289 | N/A | PC | Redeemer Presbyterian Church | $500 |
| PILLAR CHURCH PLANTING NETWORK | |||||||
| 1780 HERITAGE CENTER DR STE 101 | WAKE FOREST | NC | 27587 | N/A | PC | Church Plant Startups and Training Events | $50,000 |
| PILLAR CHURCH PLANTING NETWORK | |||||||
| 1780 HERITAGE CENTER DR STE 101 | WAKE FOREST | NC | 27587 | N/A | PC | Residency Fund | $50,000 |
| PILLAR CHURCH PLANTING NETWORK | |||||||
| 1780 HERITAGE CENTER DR STE 101 | WAKE FOREST | NC | 27587 | N/A | PC | Colombia Ministry | $65,000 |
| REACHING AND TEACHING INTERNATIONAL MINISTRIES INC | |||||||
| PO BOX 122 | WHEATON | IL | 60187 | N/A | PC | RTIM Ministry Support | $160,000 |
| REACHING AND TEACHING INTERNATIONAL MINISTRIES INC | |||||||
| PO BOX 122 | WHEATON | IL | 60187 | N/A | PC | RTIM Missionaries | $12,000 |
| REACHING AND TEACHING INTERNATIONAL MINISTRIES INC | |||||||
| PO BOX 122 | WHEATON | IL | 60187 | N/A | PC | The Trellis Project | $50,000 |
| REACHING AND TEACHING INTERNATIONAL MINISTRIES INC | |||||||
| PO BOX 122 | WHEATON | IL | 60187 | N/A | PC | Charitable Event | $25,000 |
| REDEEMER PRESBYTERIAN CHURCH | |||||||
| PO BOX 160 | GARDENDALE | AL | 35071 | N/A | PC | General & Unrestricted | $5,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $930,500 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $58,815 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $549,016 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$60,237 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $547,594 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $547,594 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (3 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| Drummond Jr John | ||||||
| 1 | 345 W 14th Street | Panama City | FL | 32401 | $500,000 | Yes (X) |
| Drummond Sr John | ||||||
| 2 | 170 Drummond Place | Jasper | AL | 355043264 | $1,000,000 | Yes (X) |
| Glover Ashley | ||||||
| 3 | 133 Drummond Place | Jasper | AL | 355043262 | $500,000 | Yes (X) |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (15 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABBVIE INC - 3.600% - 05/14/20 | $99,536 | $98,142 |
| BANK AMER CORP BOND - 3.248% - | $248,038 | $238,083 |
| BP PLC SPONSORED ADR - 3.937% | $260,535 | $244,728 |
| CATERPILLAR INC - 3.400% - 05/ | $256,060 | $248,130 |
| COMCAST CORP - 3.150% - 03/01/ | $248,793 | $242,780 |
| EBAY INC SR GLBL NT - 3.450% - | $98,977 | $98,672 |
| GENERAL DYNAMICS CORP NOTE - 3 | $96,126 | $97,980 |
| GOLDMAN SACHS GROUP - 4.223% - | $244,250 | $242,088 |
| INTEL CORP NOTE CALL MAKE WHOL | $261,190 | $246,094 |
| JPMORGAN CHASE & CO - 4.125% - | $413,035 | $392,332 |
| MORGAN STANLEY - 3.625% - 01/2 | $92,077 | $97,011 |
| NUCOR CORP NOTE - 3.950% - 05/ | $263,230 | $243,791 |
| SOUTHWEST AIRLS NOTE - 3.450% | $248,168 | $235,753 |
| TARGET CORP NOTE CALL MAKE WHO | $94,910 | $96,323 |
| VERIZON COMMUNICATIONS - 3.500 | $100,265 | $98,484 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (49 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 3M CO | $365,929 | $273,300 |
| ABBVIE INC | $375,862 | $599,114 |
| ALPHABET INC CL A | $182,402 | $558,760 |
| AMAZON COM | $312,951 | $396,867 |
| APPLE INC | $193,753 | $577,590 |
| BERKSHIRE HATHAWAY INC. CLASS | $530,604 | $614,525 |
| BROADCOM INC | $157,192 | $669,750 |
| CHEVRON CORP | $569,732 | $853,493 |
| CISCO SYSTEMS INC | $423,572 | $540,867 |
| CME GROUP, INC | $231,939 | $264,092 |
| CONOCOPHILLIPS | $390,367 | $1,087,575 |
| COSTCO WHOLESALE CORPORATION | $151,540 | $198,024 |
| CROWN CASTLE INTL | $129,124 | $138,228 |
| CVS CAREMARK CORP | $249,835 | $285,993 |
| DANAHER CORP | $360,178 | $357,652 |
| DEERE CO | $255,651 | $263,114 |
| DU PONT DE NEMOURS | $177,632 | $148,244 |
| DUKE ENERGY CO | $142,311 | $194,080 |
| ELI LILLY & CO | $133,624 | $233,751 |
| EMERSON ELECTRIC CO | $394,106 | $391,267 |
| EXXON MOBIL CORP | $299,486 | $479,304 |
| GE HEALTHCARE TECHNOLOGIES INC | $260,016 | $310,594 |
| GENERAL ELECTRIC CO | $207,438 | $293,166 |
| HOME DEPOT INC | $253,715 | $381,205 |
| HONEYWELL INTL | $237,140 | $335,536 |
| INTEL CORP | $562,881 | $588,629 |
| INTERNATIONAL BUSINESS MACHINE | $285,272 | $343,455 |
| JOHNSON & JOHNSON | $357,831 | $375,236 |
| JP MORGAN CHASE | $409,161 | $664,411 |
| KENVUE INC | $249,381 | $252,633 |
| LINDE PLC COM | $146,012 | $353,211 |
| LOCKHEED MARTIN CORP | $262,513 | $256,534 |
| MCDONALD'S CORP | $266,928 | $409,777 |
| MICROSOFT CORP | $237,652 | $827,288 |
| NEXTERA ENERGY, INC | $74,249 | $84,550 |
| NORFOLK SOUTHERN CORP | $199,878 | $269,473 |
| PALO ALTO NETWORKS INC | $133,439 | $162,774 |
| PAYPAL HOLDINGS, INC | $290,126 | $213,830 |
| PHILLIPS 66 | $233,842 | $332,850 |
| PROCTER GAMBLE CO | $231,552 | $277,840 |
| PROLOGIS | $182,825 | $333,250 |
| PUT SPY $445 03/15/24 | $65,671 | $28,518 |
| SOUTHERN CO | $253,856 | $315,540 |
| TRAVELERS COMPANIES INC | $303,797 | $536,610 |
| UNITED PARCEL SERVICE | $244,554 | $188,519 |
| VERIZON COMMUNICATIONS | $160,865 | $108,463 |
| VISA INC | $358,628 | $456,394 |
| WAL-MART STORES INC | $321,706 | $512,363 |
| WALT DISNEY HOLDINGS CO | $370,926 | $310,146 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Administrative Fees | $52,434 | $52,434 |
| Payroll Processing Fees | $1,818 | $1,818 |
| State or Local Filing Fees | $25 | $25 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OUTSTANDING OPTIONS | Desc |
| EOY Book Value | $107,275 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $86,805 | Amt |
| Net Investment Income | $86,805 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Estimated Tax for 2023 | $5,700 | |
| Foreign Tax Paid | $789 | $789 |