LEONARD G HERRING FAMILY FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- LEONARD G HERRING FAMILY FOUNDATION INC (EIN 56-1881015)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2024-10-07
- IRS object ID
- 202432819349100623
- Schema version
- 2021v4.2
- 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
- Form 990-PF
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Contractor Compensation Expln
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-07T16:50:29-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 MONUMENT CIRCLE STE 4000 | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 561881015 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Leonard G Herring Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % A LEE HERRING II | InCareOfNm |
| Business Name Control | LEON | BusinessNameControlTxt |
| Phone | 3368387181 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 118 | AddressLine1Txt |
| City | Wilkesboro | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28697 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | A LEE HERRING II | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3368387181 | PhoneNum |
| Signature | 2024-10-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JENNIFER RHODERICK | PreparerPersonNm |
| PTIN | P00395735 | PTIN |
| Phone | 3176817000 | PhoneNum |
| Preparation | 2024-10-02 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | Yes (X) | AmendedReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $28,541,494 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $403,063 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $387,087 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $755,155 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,005,123 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $755,047 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $692,670 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $695,088 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,850,888 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,837,222 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $19,713 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $9,857 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $9,856 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $188,508 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $114,806 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $73,702 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $6,528 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $6,528 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $347 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $347 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $215,096 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $131,538 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $83,558 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,192,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,192,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,407,596 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $131,538 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,276,058 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $443,292 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,705,684 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,647,727 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,191,963 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,191,963 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $694,681 | CorporateStockBOYAmt |
| Corporate Stock EOY | $546,219 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $560,596 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $19,399,534 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $19,723,858 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $25,788,935 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $21,741,942 | TotalAssetsBOYAmt |
| Total Assets EOY | $22,462,040 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $28,541,494 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $21,741,942 | RetainedEarningBOYAmt |
| Retained Earning EOY | $22,462,040 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $21,741,942 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $22,462,040 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $21,741,942 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $22,462,040 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $21,741,942 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $443,292 | ExcessRevenueOverExpensesAmt |
| Other Increases | $276,806 | OtherIncreasesAmt |
| Subtotal | $22,462,040 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $22,462,040 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (19 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| SCHWAB #1215 | P | $982,024 | $764,800 | $217,224 | $217,224 |
| SCHWAB #1215 - CASH IN LIEU | P | $67 | $67 | $67 | |
| SCHWAB #1215 CAPITAL GAIN DISTRIBUTION | P | $38,436 | $38,436 | $38,436 | |
| SCHWAB #8890 | P | $377,777 | $366,208 | $11,569 | $11,569 |
| PASS-THRU: ALPINE HERITAGE OFFSHORE FUND | P | $29,368 | $29,368 | $29,368 | |
| PASS-THRU: AG CS HOLDINGS FUND | P | $18,797 | $18,797 | $18,797 | |
| PASS-THRU: CHAMBERS ENERGY CAPITAL II | P | $64,803 | -$64,803 | -$64,803 | |
| PASS-THRU: ENERGY INNOVATION CAPITAL | P | $132 | -$132 | -$132 | |
| PASS-THRU: ENERGY INNOVATION CAPITAL | P | $27,974 | -$27,974 | -$27,974 | |
| PASS-THRU: FULCRUM GROWTH FUND III QP, LLC | P | $244,899 | $244,899 | $244,899 | |
| PASS-THRU: GSO SPECIAL SITUATIONS OVERSEAS FUND LTD | P | $7,301 | $7,301 | $7,301 | |
| PASS-THRU: MORROCROFT SPECIAL OPP OFFSHORE FUND II, L.P. | P | $42,341 | $42,341 | $42,341 | |
| PASS-THRU: OAK STREET REAL ESTATE CAPITAL FUND III, LP | P | $23,961 | $23,961 | $23,961 | |
| PASS-THRU: OAK STREET REAL ESTATE CAPITAL FUND IV, LP | P | $115,605 | $115,605 | $115,605 | |
| PASS-THRU: PB STRATEGIC PARTNERS OFFSHORE FEEDER VI LP | P | $38,608 | $38,608 | $38,608 | |
| PASS-THRU: VECTOR CAPITAL CREDIT OPPORTUNITY OFFSHORE FUND, LTD. | P | $85,669 | $85,669 | $85,669 | |
| PASS-THRU: WIC MANAGEMENT VOLATILITY AND INCOME FUND QP | P | $161 | $161 | $161 | |
| PASS-THRU: WIC MANAGEMENT VOLATILITY AND INCOME FUND QP | P | $10,971 | -$10,971 | -$10,971 | |
| PASS-THRU: KCL CAPITAL OFFSHORE FUND, LTD. | P | $15,079 | -$15,079 | -$15,079 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $755,047 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $23,709 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $23,709 | SubtotalAmt |
| Tax Based On Investment Income | $23,709 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $26,677 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $26,677 | TotalPaymentsAndCreditsAmt |
| Overpayment | $2,968 | OverpaymentAmt |
| Applied To ES Tax | $2,968 | 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 | NC | 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 |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | A LEE HERRING II | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3368387181 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 118 | AddressLine1Txt |
| City | Wilkesboro | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28697 | 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 | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Sandra G Herring | ||||||||
| PO Box 118 | Wilkesboro | NC | 28697 | Chair/Secretary | 0.5 | $0 | $0 | $0 |
| A Lee Herring II | ||||||||
| PO Box 118 | Wilkesboro | NC | 28697 | President/Treasurer | 5.0 | $0 | $0 | $0 |
| Carson G Lutchansky | ||||||||
| PO Box 118 | Wilkesboro | NC | 28697 | Vice Chair | 0.5 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Broward Grove | |||||
| 5970 Fairview Rd | CHARLOTTE | NC | 28210 | Management Fees | $71,051 |
| Pathstone | |||||
| 1900 Avenue of the Stars 970 | LOS ANGELES | CA | 90067 | Investment Adv. Fees | $80,000 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $18,991,562 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,947,468 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $8,024,300 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $28,963,330 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $28,963,330 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $434,450 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $28,528,880 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,426,444 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,426,444 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $23,709 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $23,709 | TotalTaxAmt |
| Distributable Before Adj | $1,402,735 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,402,735 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,402,735 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,276,058 | 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 | $1,276,058 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,402,735 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,187,849 | UndistributedIncomePYAmt |
| Prior Year1 | 2019 | PriorYear1Yr |
| Prior Year2 | 2018 | PriorYear2Yr |
| Prior Year3 | 2017 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,276,058 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,187,849 | AppliedToYear1Amt |
| Applied To Current Year | $88,209 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $1,314,526 | 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 | A LEE HERRING II | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | A Lee Herring II | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 118 | AddressLine1Txt |
| City | Wilkesboro | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28697 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 3368387181 | RecipientPhoneNum |
| Form And Info And Materials | WRITTEN COMMUNICATION | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | N/A | SubmissionDeadlinesTxt |
| Restrictions On Awards | N/A | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (42 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Recipient RelationshipRecipientRelationshipTxt |
|---|---|---|---|---|---|---|---|
| Focusing Philanthropy Inc (Per Scholas) | |||||||
| 1637 16th Street | Santa Monica | CA | 90404 | PC | general support | $200,000 | |
| Wilkes Community College Foundation | |||||||
| PO Box 120 | Wilkesboro | NC | 28697 | SO III FI | general support | $130,000 | N/A |
| North Carolina Zoological Society Inc | |||||||
| 4403 Zoo Parkway | Asheboro | NC | 27205 | PC | general support | $110,000 | N/A |
| Town of Wilkesboro | |||||||
| PO Box 1056 | Wilkesboro | NC | 28697 | GOV | general support | $100,000 | N/A |
| NC Tech Paths | |||||||
| PO Box 118 | North Wilkesboro | NC | 28697 | PC | general support | $100,000 | N/A |
| Wilkes County Schools | |||||||
| 1248 School Street | Wilkesboro | NC | 28697 | GOV | general support | $50,000 | N/A |
| Blue Ridge Opportunity Commission Inc | |||||||
| 710 Veterans Drive | North Wilkesboro | NC | 28659 | PC | general support | $50,000 | N/A |
| First United Methodist Church | |||||||
| PO Box 1145 | North Wilkesboro | NC | 28659 | PC | general support | $40,000 | N/A |
| Wilkes Recovery Revolution Inc | |||||||
| PO Box 893 | North Wilkesboro | NC | 28659 | PC | general support | $30,000 | N/A |
| YMCA of Northwest North Carolina | |||||||
| 301 N Main Street | Winston Salem | NC | 27101 | PC | general support | $25,000 | N/A |
| United Way of Wilkes County Inc | |||||||
| 910 C Street | North Wilkesboro | NC | 28659 | PC | general support | $25,000 | N/A |
| The Educational Foundation Inc | |||||||
| PO Box 2446 | Chapel Hill | NC | 27515 | PC | general support | $25,000 | N/A |
| Wilkes Playmakers Inc | |||||||
| 300 D Street PO Box 397 | North Wilkesboro | NC | 28659 | PC | general support | $25,000 | N/A |
| Samaritan's Kitchen of Wilkes Inc | |||||||
| PO Box 1072 | Wilkesboro | NC | 28697 | PC | general support | $22,000 | N/A |
| Wilkes Art Gallery | |||||||
| 913 C Street | North Wilkesboro | NC | 28659 | PC | general support | $20,000 | N/A |
| Higher Ed Works | |||||||
| PO Box 10463 | Raleigh | NC | 27605 | PC | general support | $20,000 | N/A |
| Friends of East Bend Town Square | |||||||
| 108 West Main Street | East Bend | NC | 27018 | PC | general support | $20,000 | N/A |
| Hospitality House of Northwest NC | |||||||
| PO Box 309 | Boone | NC | 28607 | PC | general support | $20,000 | N/A |
| Duke University | |||||||
| Box 90966 | Durham | NC | 277080966 | PC | general support | $20,000 | N/A |
| Old Hicktory Council | |||||||
| 6600 Silas Creek Parkway | Winston Salem | NC | 27106 | PC | general support | $15,000 | N/A |
| Shriners Hosptial for Children | |||||||
| 604 Doug Mayes Place | Charlotte | NC | 28262 | PC | general support | $15,000 | N/A |
| Children's Hope Alliance | |||||||
| PO Box 1 | Barium Springs | NC | 28010 | PC | general support | $15,000 | N/A |
| Craig Church Ministries Inc | |||||||
| PO Box 129 | Purlear | NC | 28665 | PC | general support | $15,000 | N/A |
| Wilkes Ministry of Hope | |||||||
| 514 Elkin Hwy | North Wilkesboro | NC | 28659 | PC | general support | $15,000 | N/A |
| YMCA of Greater Charlotte | |||||||
| 400 E Morehead Street | Charlotte | NC | 28202 | PC | general support | $15,000 | N/A |
| Wilkes Circles of Care Inc | |||||||
| PO Box 1621 | North Wilkesboro | NC | 28659 | PC | general support | $10,000 | N/A |
| Wilkes Art Gallery | |||||||
| 913 C Street | North Wilkesboro | NC | 28659 | PC | general support | $10,000 | N/A |
| Winston Salem Foundation | |||||||
| 751 West Forth Street Suite 200 | Winston Salem | NC | 27101 | PC | general support | $10,000 | N/A |
| Wilkes Prision Ministry Inc | |||||||
| PO Box 253 | North Wilkesboro | NC | 28659 | PC | general support | $5,000 | N/A |
| The Ark- ECHO Ministry | |||||||
| PO Box 102 | Elkin | NC | 28621 | PC | general support | $5,000 | N/A |
| Wilkes County Hall of Fame | |||||||
| 613 Cherry Street | North Wilkesboro | NC | 28659 | PC | general support | $5,000 | N/A |
| Project Lazarus Wilkes Youth Coalition | |||||||
| 5350 NC Hwy 16 | S Moravian Falls | NC | 28654 | PC | general support | $5,000 | N/A |
| Wilkes County Health Department | |||||||
| 306 College Street | Wilkesboro | NC | 28697 | GOV | general support | $5,000 | N/A |
| Wilkes Literacy | |||||||
| 910 C Street Box 3 Suite 204 | N Wilkesboro | NC | 28659 | PC | general support | $3,000 | N/A |
| American Cancer Society | |||||||
| 1901 Brunswick Ave 100 | Charlotte | NC | 28207 | PC | general support | $3,000 | N/A |
| March of Dimes | |||||||
| PO Box 673667 | Marietta | GA | 30006 | PC | general support | $2,000 | N/A |
| North Wilkesboro Rotary Club Scholarship Foundatio | |||||||
| 192 East Magnolia Road | North Wilkesboro | NC | 28659 | PC | general support | $2,000 | N/A |
| Wilkes Heritage Museum Inc | |||||||
| PO Box 935 | Wilkesboro | NC | 28697 | PC | general support | $1,500 | N/A |
| Navy Seal Foundation Inc | |||||||
| The Navy Seal Foundation c/o Hunt B | Lenior | NC | 28645 | PC | general support | $1,000 | N/A |
| Whippoorwill Academy and Village | |||||||
| PO Box 458 | Ferguson | NC | 28624 | PC | general support | $1,000 | N/A |
| Reach Out and Read Inc | |||||||
| PO Box 18058 | Asheville | NC | 28814 | PC | general support | $1,000 | N/A |
| Waterlife Church Inc | |||||||
| 1007 Morganton Blvd | Lenoir | NC | 28645 | PC | general support | $1,000 | N/A |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,192,500 | 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 |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $403,063 | 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) |
|---|---|---|
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | $108 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $755,047 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp (4 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|---|---|
| INCOME FROM PASSTHROUGH K-1 | 14 | $693,290 | ||
| TAX REFUND | 01 | $840 | ||
| OTHER INCOME - MADOFF VICTIM FUND | 01 | $1,798 | ||
| OTHER INVESTMENT INCOME | 901101 | -$3,258 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$3,150 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,854,038 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,850,888 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $19,713 | Amt |
| Net Investment Income | $9,857 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $9,856 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | N/A | Desc |
Contractor Compensation Expln ContractorCompensationExpln
Contractor Comp Expln ContractorCompExplnGrp (2 entries)
| ExplanationExplanationTxt |
|---|
| Broward Grove |
| Project MGMT and consulting fees - $63,703 Accounting Fees - $7,348 |
| Pathstone |
| Investment Advisory Fees |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (47 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| PROMETHEUS BIOSCIENCES I | $1,181 | $6,801 |
| ABERDEEN ASIA PACIFIC IN | $16,597 | $15,345 |
| ALLIANCEBERNSTEIN GLBL H | $12,457 | $12,918 |
| ALLIANCEBERNSTEIN NTNL M | $26,189 | $27,650 |
| ALLSPRING INCOME OPPORTU | $2,009 | $2,290 |
| APOLLO TACTICAL INCOME C | $10,027 | $10,739 |
| ARES DYNAMIC CREDIT ALLO | $4,060 | $4,687 |
| BLACKOCK MUNIHOLDINGS IN | $3,466 | $3,656 |
| BLACKROCK CAP ALLOCATION | $25,302 | $24,701 |
| BLACKROCK MUNI INCOME FU | $46,421 | $47,543 |
| BLACKROCK MUNICIPAL INCO | $633 | $671 |
| BLACKROCK MUNIHOLDINGS C | $201 | $201 |
| BLACKROCK MUNIHOLDINGS Q | $353 | $379 |
| BLACKROCK MUNIVEST CF | $4,474 | $4,498 |
| BLACKROCK MUNIVEST II CF | $180 | $190 |
| BLACKROCK MUNIYIELD CF | $865 | $867 |
| BLACKROCK MUNIYIELD QUAL | $39,133 | $41,081 |
| BLACKSTONE STRATEGIC CRE | $7,666 | $7,784 |
| BNY MELLON MUN INCOME IN | $403 | $394 |
| BNY MELLON STRATEGIC MUN | $945 | $949 |
| BRANDYWINEGBL GBL INCM O | $4,749 | $4,438 |
| DELAWARE IVY HIGH INCOME | $2,199 | $2,201 |
| DOUBLELINE INCOME SOLUTI | $6,283 | $6,045 |
| DWS MUNICIPAL INCOME CF | $12,556 | $12,907 |
| EATON VANCE MUNICIPAL BN | $6,899 | $6,953 |
| INVESCO GRADE MUN CF | $5,596 | $5,993 |
| INVESCO QLTY MUN INCM TR | $9,892 | $10,600 |
| INVESCO SENIOR INCM TR | $16,870 | $18,701 |
| INVESCO VALUE MUNI INCM | $12,079 | $13,359 |
| MFS MUNICIPAL INCOME CF | $1,636 | $1,666 |
| MORGAN STANLEY EMERGING | $9,789 | $9,623 |
| MS EMERGING MARKTS DOMES | $14,245 | $12,763 |
| NUVEEN AMT FREE QUALITY | $25,971 | $27,409 |
| NUVEEN CREDIT STRATEGIES | $29,412 | $29,030 |
| NUVEEN ENHANCED MUNICIPA | $338 | $345 |
| NUVEEN GLOBAL HIGH INCOM | $6,568 | $6,828 |
| NUVEEN QUALITY MUNICIPAL | $13,480 | $14,435 |
| PGIM GLOBAL HIGH YIELD | $52,443 | $54,173 |
| PGIM HIGH YIELD BOND FUN | $22,663 | $24,203 |
| PGIM SHORT DURATION HIGH | $8,635 | $8,367 |
| PIONEER MUNICIPAL HIGH I | $2,106 | $2,113 |
| PIONEER MUNICIPAL HIGH I | $5,017 | $5,014 |
| TEMPLETON GLOBAL INCOME | $17,198 | $16,188 |
| WESTERN ASSET EMERGING M | $48,137 | $44,979 |
| WESTERN ASSET INTERMEDIA | $1,500 | $1,562 |
| WESTERN ASSET MUNICIPAL | $1,131 | $1,183 |
| WESTERN ASST MNGD MUNCPL | $6,265 | $6,174 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (31 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ENERGY INNOVATION CAPITAL I LP | AT COST | $332,973 | $472,872 |
| POLYGON EUROPEAN EQUITY OPP FD | AT COST | $302,753 | $450,702 |
| WIC MANAGEMENT VOLATILITY | AT COST | $0 | $0 |
| CHAMBERS ENERGY CAPITAL II | AT COST | $716,391 | $298,202 |
| MORROCROFT SPECIAL OPP | AT COST | $0 | $3,695 |
| GSO SPECIAL SITUATIONS | AT COST | $141,546 | $120,483 |
| SCHWAB (1215) | AT COST | $15,034,788 | $19,149,426 |
| PB STRATEGIC OFFSHORE | AT COST | $0 | $145,238 |
| GSO CDCG III FEEDER TRUST | AT COST | $4,167 | $4,442 |
| VECTOR CAPITAL CREDIT OPP | AT COST | $93,751 | $279,172 |
| VENBIO SELECT FUND LTD | AT COST | $0 | $1,109,119 |
| BRIGHTWOOD CAPITAL FUND III | AT COST | $153,234 | $136,421 |
| BROOKWOOD CP INVESTOR CO-INVST | AT COST | $0 | $30,000 |
| FULCRUM GROWTH FUND III QP LLC | AT COST | $214,070 | $343,487 |
| OAK STREET RE CAP FUND III, LP | AT COST | $8,192 | $8,174 |
| OAK STREET RE CAP FUND IV, LP | AT COST | $284,122 | $354,290 |
| INFINITY Q VOLATILITY ALPHA FD | AT COST | $347,213 | $496,190 |
| ALPINE HERITAGE OFFSHORE FUND | AT COST | $0 | $0 |
| AG CS HOLDINGS FUND | AT COST | $585,228 | $736,813 |
| COWEN HEALTHCARE INVESTMENTS I | AT COST | $385,046 | $408,454 |
| HARBERT SENIORS HOUSING FUND | AT COST | $230,630 | $274,404 |
| PONTIFAX GLOBAL FOOD & AG TECH | AT COST | $116,162 | $129,313 |
| BRANDFORD CASTLE FUND II | AT COST | $0 | $2,346 |
| FULCRUM GROWTH FUND IV, LLC | AT COST | $129,388 | $164,025 |
| SCHWAB (3005) | AT COST | $133,973 | $130,676 |
| KAYNE ANDERSON RE DEBT IV | AT COST | $110,099 | $109,413 |
| KCL CAPITAL OFFSHORE FUND | AT COST | $0 | $24,201 |
| RIVERSIDE MICRO CAP VI, LP | AT COST | $0 | $2,237 |
| SANDS CAP GBL INNOV FUND II | AT COST | $100,132 | $102,380 |
| SUMMIT PARTNERS | AT COST | $300,000 | $302,760 |
| RMCF VI AIV I, LP | AT COST | $0 | $0 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER EXPENSES | Desc |
| Revenue And Expenses Per Books | $347 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $347 | NetInvestmentIncomeAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Other Income - Madoff Victim Fund | $1,798 | $1,798 |
| Income From Pass-Thru | $690,032 | $693,290 |
| Tax Refund | $840 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCREASES(TIMING DIFFERENCES) | Desc |
| Amt | $276,806 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | MANAGEMENT FEES | CategoryTxt |
| Amt | $188,508 | Amt |
| Net Investment Income | $114,806 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $73,702 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAXES | CategoryTxt |
| Amt | $6,528 | Amt |
| Net Investment Income | $6,528 | NetInvestmentIncomeAmt |