WAYMARK FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- WAYMARK FOUNDATION (EIN 47-7150256)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202403209349101100
- 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
- Accounting Fees Schedule
- Contractor Compensation Expln
- Depreciation Schedule
- Investments Govt Obligations Sch
- Investments Land Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T23:43:55-06:00 | 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 | 477150256 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Waymark Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | WAYM | 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 | charles royal | PersonNm |
| Person Title | secretary | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2024-11-14 | 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 | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $91,102,143 | 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 |
| Interest On Sav Rev And Expnss | $194,974 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $194,974 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $242,259 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $242,259 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $5,952,603 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $28,317,958 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $17,243,545 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $47,243 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $47,243 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $6,437,079 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $17,728,021 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $4,843 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $4,843 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $6,550 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,050 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $5,500 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $533,615 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $527,555 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $6,060 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $18,006 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $18,006 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $286,834 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $149,939 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $135,466 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $849,848 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $701,393 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $147,026 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,000,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,000,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,849,848 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $701,393 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,147,026 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,587,231 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $17,026,628 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $13,823,397 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $28,186,630 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $28,186,630 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl BOY | $230 | AcctRcvblBOYAmt |
| Prepaid Expenses EOY | $12,000 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $12,000 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations EOY | $7,247,812 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $7,379,531 | USGovtObligationsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $74,945,390 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $8,831 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $91,958,322 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $74,936,559 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $55,514,812 | LandBldgInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $3,944 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,944 | LandBldgEquipAccumDeprecAmt |
| Land EOYFMV | $0 | LandEOYFMVAmt |
| Other Assets BOY | $10,600 | OtherAssetsBOYAmt |
| Other Assets EOY | $9,170 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $9,170 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $105,792,549 | TotalAssetsBOYAmt |
| Total Assets EOY | $110,392,171 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $91,102,143 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $288 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $12,679 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $288 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $12,679 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $105,792,261 | RetainedEarningBOYAmt |
| Retained Earning EOY | $110,379,492 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $105,792,261 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $110,379,492 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $105,792,549 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $110,392,171 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $105,792,261 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,587,231 | ExcessRevenueOverExpensesAmt |
| Subtotal | $110,379,492 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $110,379,492 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| Publicly-traded Securities | $3,441,911 | $3,441,911 | |||||
| PID 065.0 - LAND - 41.080 ACRES - SYLVANIA - BMG | $140,947 | $140,252 | P | 2011-03-06 | 2023-04-07 | $695 | $695 |
| PID 066-069 - ROCKY FORD - BMG | $1,235,100 | $974,827 | P | 2011-03-06 | 2023-12-15 | $260,273 | $260,273 |
| PID 072-073, 102.1 - FORT WORTH - BMG | $23,500,000 | $6,517,423 | P | 2011-03-06 | 2023-12-27 | $16,982,577 | $16,982,577 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $17,243,545 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $236,670 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $236,670 | SubtotalAmt |
| Tax Based On Investment Income | $236,670 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $7,676 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $245,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $252,676 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $16,006 | OverpaymentAmt |
| Applied To ES Tax | $16,006 | 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 |
| Org Report Or Register State | SC | OrgReportOrRegisterStateCd |
| Org Report Or Register State | TX | 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 | Yes (true) | 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 | 55 WALLS DRIVE FL 3 | AddressLine1Txt |
| City | Fairfield | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06824 | 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 | Yes (true) | 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 |
|---|---|---|---|---|---|---|---|---|
| Charles D Royal | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Sec, Treas, Trustee | 38.0 | $0 | $0 | $0 |
| Michael F Royal | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Chair, Trustee | 2.0 | $0 | $0 | $0 |
| Susannah R Whelan | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Trustee, Vice Chairman | 2.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Pareto Asset Management | |||||
| 1985 Riviera Dr Ste 103 484 | MOUNT PLEASANT | SC | 29464 | SEE BELOW | $1,667,627 |
| Foundation Source | |||||
| 55 Walls Drive 3rd Fl | Fairfield | CT | 06824 | Administrative | $135,466 |
| McCullough Khan Appel | |||||
| 2036 Ewall Street | MOUNT PLEASANT | SC | 29464 | Legal | $77,668 |
| Brace Builders LLC | |||||
| 557 E BAY STREET 20129 | CHARLESTON | SC | 29403 | Prop Maint & Repair | $58,770 |
| Bank of America | |||||
| PO BOX 15284 | WILMINGTON | DE | 19850 | Investment Mgmt | $52,360 |
| 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 | $9,757,038 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $4,965,171 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $79,975,307 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $94,697,516 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $94,697,516 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,420,463 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $93,277,053 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $4,663,853 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $4,663,853 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $236,670 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $236,670 | TotalTaxAmt |
| Distributable Before Adj | $4,427,183 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $4,427,183 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $4,427,183 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,147,026 | 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 | $1,147,026 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $4,427,183 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $842,192 | UndistributedIncomePYAmt |
| Qualifying Distributions | $1,147,026 | QualifyingDistributionsAmt |
| Applied To Year1 | $842,192 | AppliedToYear1Amt |
| Applied To Current Year | $304,834 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $4,122,349 | 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 | NONE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL CHRISTIAN FOUNDATION REAL PROPERTY INC | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1150 SANCTUARY PKWY SUITE 350 | AddressLine1Txt |
| City | ALPHAARETTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30009 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | NC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | General & Unrestricted | GrantOrContributionPurposeTxt |
| Amt | $1,000,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,000,000 | 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 | $194,974 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $242,259 | 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 | $5,952,603 | 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 (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| CLASS ACTION LAWSUIT PROCEEDS | 01 | $3 |
| HUNTING LEASE INCOME | 01 | $47,240 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $6,437,079 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $6,437,079 | 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 (2 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Bookkeeping | $5,500 | $5,500 | |
| General Consultations | $1,050 | $1,050 |
Contractor Compensation Expln ContractorCompensationExpln
Contractor Comp Expln ContractorCompExplnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Person | Pareto Asset Management | ContractorPersonNm |
| Explanation | Real estate asset management: $451,346 Real estate sales commissions: $1,216,281 | ExplanationTxt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (77 entries)
| PropertyPropertyDesc | Cost Or Other BasisCostOrOtherBasisAmt | Computation MethodComputationMethodTxt | Adjusted Net IncomeAdjustedNetIncomeAmt | AcquiredAcquiredDt | Prior Year DepreciationPriorYearDepreciationAmt | LifeLifeRt |
|---|---|---|---|---|---|---|
| PID 001.0 - LAND - | $5,576,992 | L | $0 | |||
| PID 002.0 - LAND - | $372,300 | L | $0 | |||
| PID 004.0 - LAND - | $1,442,549 | L | $0 | |||
| PID 005.0 - LAND - | $282,962 | L | $0 | |||
| PID 006.0 - LAND - | $59,000 | L | $0 | |||
| PID 007.0 - MOBILE | $2,480 | L | $0 | 2011-03-06 | ||
| PID 008.0 - LAND - | $489,519 | L | $0 | |||
| PID 009.0 - LAND - | $55,140 | L | $0 | |||
| PID 017.0 - LAND - | $83,979 | L | $0 | |||
| PID 018.0 - LAND - | $206,460 | L | $0 | |||
| PID 018.5 - LAND - | $403,480 | L | $0 | |||
| PID 019.0 - LAND - | $1,384,278 | L | $0 | |||
| PID 020.0 - LAND - | $684,108 | L | $0 | |||
| PID 021.0 - LAND - | $841,106 | L | $0 | |||
| PID 022.0 - LAND - | $69,712 | L | $0 | |||
| PID 023.0 - LAND - | $20,458 | L | $0 | |||
| PID 024.0 - LAND - | $20,200 | L | $0 | |||
| PID 028.0 - LAND - | $769,249 | L | $0 | |||
| PID 032.0 - LAND - | $601,631 | L | $0 | |||
| PID 033.0 - LAND - | $691,631 | L | $0 | |||
| PID 034.0 - LAND - | $124,500 | L | $0 | |||
| PID 034.1 - BLDG | $290,500 | L | $0 | |||
| PID 035.0 - LAND - | $123,000 | L | $0 | |||
| PID 035.1 - BLDG | $287,000 | L | $0 | 2011-03-06 | ||
| PID 039.0 - LAND - | $3,668,004 | L | $0 | |||
| PID 040.0 - LAND - | $800,831 | L | $0 | |||
| PID 055.0 - LAND - | $801,863 | L | $0 | |||
| PID 056.0 - LAND - | $54,000 | L | $0 | |||
| PID 057.0 - LAND - | $3,483,074 | L | $0 | |||
| PID 059.0 - LAND - | $2,124,026 | L | $0 | |||
| PID 070.0 - LAND - | $35,696,855 | L | $0 | |||
| PID 070.1 - LAND - | $962,768 | L | $0 | |||
| PID 070.2 - LAND - | $437,916 | L | $0 | |||
| PID 071.0 - LAND - | $6,617,633 | L | $0 | |||
| PID 090.0 - LAND - | $805,741 | L | $0 | |||
| PID 091.0 - LAND - | $470,800 | L | $0 | |||
| PID 092.0 - LAND - | $470,800 | L | $0 | |||
| PID 093.0 - LAND - | $552,077 | L | $0 | |||
| PID 094.0 - LAND - | $520,052 | L | $0 | |||
| PID 095.0 - LAND - | $584,562 | L | $0 | |||
| PID 096.0 - LAND - | $584,562 | L | $0 | |||
| PID 098.0 - LAND - | $26,000 | L | $0 | |||
| PID 099.0 - LAND - | $17,250 | L | $0 | |||
| PID 065.0 - LAND - | $121,754 | L | $0 | |||
| PID 066.0 - LAND - | $779,097 | L | $0 | |||
| PID 067.0 - LAND - | $76,046 | L | $0 | |||
| PID 068.0 - LAND - | $86,020 | L | $0 | |||
| PID 069.0 - LAND - | $28,000 | L | $0 | |||
| PID 072.0 - LAND - | $3,742,353 | L | $0 | |||
| PID 073.0 - LAND - | $12,535,155 | L | $0 | |||
| PID 102.1- MINERAL | $10,900 | L | $0 | |||
| PID 102.2- MINERAL | $39,100 | L | $0 | |||
| FURNITURE & FIXT | $8,831 | SL | $0 | $8,831 | 7 | |
| CARRYING COSTS '18 | $3,936 | L | ||||
| CARRYING COSTS '18 | $219,668 | L | $0 | |||
| CARRYING COSTS '19 | $4,079 | L | ||||
| CARRYING COSTS '19 | $222,634 | L | $0 | |||
| CARRYING COSTS '20 | $3,931 | L | ||||
| CARRYING COSTS '20 | $201,670 | L | $0 | |||
| CARRYING COSTS '21 | $5,541 | L | ||||
| CARRYING COSTS '21 | $166,740 | L | $0 | |||
| CARRYING COSTS '22 | $10,167 | L | ||||
| CARRYING COSTS '22 | $140,483 | L | $0 | |||
| CARRYING COSTS '23 | $143,373 | L | 2023-12-31 | |||
| CARRYING COSTS '23 | $258,683 | L | $0 | 2023-12-31 | ||
| PID 070.0 - LAND | $29,045 | L | $0 | 2023-12-31 | ||
| PID 070.1 - LAND | $331 | L | $0 | 2023-12-31 | ||
| PID 070.2 - LAND | $716 | L | $0 | 2023-12-31 | ||
| PID 071.0 - LAND | $2,943 | L | $0 | 2023-12-31 | ||
| PID 028.0 - LAND | $12,231 | L | $0 | 2023-12-31 | ||
| PID 091.0 - LAND | $15,703 | L | $0 | 2023-12-31 | ||
| PID 092.0 - LAND | $16,640 | L | $0 | 2023-12-31 | ||
| PID 093.0 - LAND | $12,231 | L | $0 | 2023-12-31 | ||
| PID 094.0 - LAND | $12,231 | L | $0 | 2023-12-31 | ||
| PID 095.0 - LAND | $12,231 | L | 2023-12-31 | |||
| PID 096.0 - LAND | $12,231 | L | $0 | 2023-12-31 | ||
| COMPUTER EQUIP | $3,944 | SL | $0 | 2017-12-21 | $3,944 | 5 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $7,247,812 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $7,379,531 | USGovtObligationsEOYFMVAmt |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (76 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Book ValueBookValueAmt | Accumulated DepreciationAccumulatedDepreciationAmt |
|---|---|---|---|
| PID 001.0 - LAND - | $5,576,992 | $5,576,992 | |
| PID 002.0 - LAND - | $372,300 | $372,300 | |
| PID 004.0 - LAND - | $1,442,549 | $1,442,549 | |
| PID 005.0 - LAND - | $282,962 | $282,962 | |
| PID 006.0 - LAND - | $59,000 | $59,000 | |
| PID 007.0 - MOBILE | $2,480 | $2,480 | |
| PID 008.0 - LAND - | $489,519 | $489,519 | |
| PID 009.0 - LAND - | $55,140 | $55,140 | |
| PID 017.0 - LAND - | $83,979 | $83,979 | |
| PID 018.0 - LAND - | $206,460 | $206,460 | |
| PID 018.5 - LAND - | $403,480 | $403,480 | |
| PID 019.0 - LAND - | $1,384,278 | $1,384,278 | |
| PID 020.0 - LAND - | $684,108 | $684,108 | |
| PID 021.0 - LAND - | $841,106 | $841,106 | |
| PID 022.0 - LAND - | $69,712 | $69,712 | |
| PID 023.0 - LAND - | $20,458 | $20,458 | |
| PID 024.0 - LAND - | $20,200 | $20,200 | |
| PID 028.0 - LAND - | $769,249 | $769,249 | |
| PID 032.0 - LAND - | $601,631 | $601,631 | |
| PID 033.0 - LAND - | $691,631 | $691,631 | |
| PID 034.0 - LAND - | $124,500 | $124,500 | |
| PID 034.1 - BLDG | $290,500 | $290,500 | |
| PID 035.0 - LAND - | $123,000 | $123,000 | |
| PID 035.1 - BLDG | $287,000 | $287,000 | |
| PID 039.0 - LAND - | $3,668,004 | $3,668,004 | |
| PID 040.0 - LAND - | $800,831 | $800,831 | |
| PID 055.0 - LAND - | $801,863 | $801,863 | |
| PID 056.0 - LAND - | $54,000 | $54,000 | |
| PID 057.0 - LAND - | $3,483,074 | $3,483,074 | |
| PID 059.0 - LAND - | $2,124,026 | $2,124,026 | |
| PID 070.0 - LAND - | $35,696,855 | $35,696,855 | |
| PID 070.1 - LAND - | $962,768 | $962,768 | |
| PID 070.2 - LAND - | $437,916 | $437,916 | |
| PID 071.0 - LAND - | $6,617,633 | $6,617,633 | |
| PID 090.0 - LAND - | $805,741 | $805,741 | |
| PID 091.0 - LAND - | $470,800 | $470,800 | |
| PID 092.0 - LAND - | $470,800 | $470,800 | |
| PID 093.0 - LAND - | $552,077 | $552,077 | |
| PID 094.0 - LAND - | $520,052 | $520,052 | |
| PID 095.0 - LAND - | $584,562 | $584,562 | |
| PID 096.0 - LAND - | $584,562 | $584,562 | |
| PID 098.0 - LAND - | $26,000 | $26,000 | |
| PID 099.0 - LAND - | $17,250 | $17,250 | |
| PID 065.0 - LAND - | |||
| PID 066.0 - LAND - | |||
| PID 067.0 - LAND - | |||
| PID 068.0 - LAND - | |||
| PID 069.0 - LAND - | |||
| PID 072.0 - LAND - | |||
| PID 073.0 - LAND - | |||
| PID 102.1- MINERAL | |||
| PID 102.2- MINERAL | $39,100 | $39,100 | |
| FURNITURE & FIXT | $8,831 | $8,831 | |
| CARRYING COSTS '18 | |||
| CARRYING COSTS '18 | $219,668 | $219,668 | |
| CARRYING COSTS '19 | |||
| CARRYING COSTS '19 | $222,634 | $222,634 | |
| CARRYING COSTS '20 | |||
| CARRYING COSTS '20 | $201,670 | $201,670 | |
| CARRYING COSTS '21 | |||
| CARRYING COSTS '21 | $166,740 | $166,740 | |
| CARRYING COSTS '22 | |||
| CARRYING COSTS '22 | $140,483 | $140,483 | |
| CARRYING COSTS '23 | |||
| CARRYING COSTS '23 | $258,683 | $258,683 | |
| PID 070.0 - LAND | $29,045 | $29,045 | |
| PID 070.1 - LAND | $331 | $331 | |
| PID 070.2 - LAND | $716 | $716 | |
| PID 071.0 - LAND | $2,943 | $2,943 | |
| PID 028.0 - LAND | $12,231 | $12,231 | |
| PID 091.0 - LAND | $15,703 | $15,703 | |
| PID 092.0 - LAND | $16,640 | $16,640 | |
| PID 093.0 - LAND | $12,231 | $12,231 | |
| PID 094.0 - LAND | $12,231 | $12,231 | |
| PID 095.0 - LAND | $12,231 | $12,231 | |
| PID 096.0 - LAND | $12,231 | $12,231 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | COMPUTER EQUIP | CategoryOrItemTxt |
| Cost Or Other Basis | $3,944 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $3,944 | AccumulatedDepreciationAmt |
| EOYFMV | $0 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | GENERAL CONSULTATIONS | CategoryTxt |
| Legal Fees | $4,843 | LegalFeesAmt |
| Net Investment Income | $4,843 | NetInvestmentIncomeAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NET START-UP COSTS | Desc |
| EOY Book Value | $9,170 | EOYBookValueAmt |
| EOYFMV | $9,170 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $135,466 | $135,466 | |
| AMORTIZATION EXPENSE | $1,429 | ||
| BANK CHARGES | $247 | $247 | |
| HOA FEES & UTILITIES | $67,909 | $67,909 | |
| OFFICE EXPENSE | $2,418 | $2,418 | |
| PROPERTY INSURANCE | $16,469 | $16,469 | |
| PROPERTY MAINTENANCE | $61,717 | $61,717 | |
| REGISTERED AGENT FEE | $1,179 | $1,179 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Class Action Lawsuit Proceeds | $3 | $3 |
| Hunting lease income | $47,240 | $47,240 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Employee Recruiting/Temp Agenc | $6,060 | $6,060 | |
| Investment Management Services | $52,360 | $52,360 | |
| REAL ESTATE MGMT SERVICES | $451,346 | $451,346 | |
| CONSULTING FEES | $1,500 | $1,500 | |
| FORESTRY SERVICES | $22,349 | $22,349 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FRANCHISE TAXES | $900 | $900 |
| Property Taxes | $17,106 | $17,106 |