GEORGE FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- GEORGE FOUNDATION INC (EIN 56-1282417)
- Tax period
- 2021-12-01 to 2022-11-30
- Filed
- 2023-10-10
- IRS object ID
- 202312839349100801
- 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
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Other Decreases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-10-10T08:27:12-05:00 | ReturnTs |
| Tax Period End | 2022-11-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 230 N ELM ST STE 1100 | AddressLine1Txt |
| City | GREENSBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-12-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 561282417 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GEORGE FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GEOR | BusinessNameControlTxt |
| Phone | 8287254424 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 800 | AddressLine1Txt |
| City | HICKORY | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28603 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN B ORGAIN | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 8287254424 | PhoneNum |
| Signature | 2023-09-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JOHN | PersonFirstNm |
| Person Last | ORGAIN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AMANDA E WATERHOUSE | PreparerPersonNm |
| PTIN | P02014004 | PTIN |
| Phone | 3362724551 | PhoneNum |
| Preparation | 2023-09-29 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $18,855,906 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $1,313,259 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $272,103 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $272,103 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $4,160,612 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $20,573,161 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $4,160,612 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $5,745,974 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,432,715 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $7,600 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $7,600 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $78,566 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $78,566 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $63,233 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,832 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $149,399 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $87,998 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,875,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,875,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,024,399 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $87,998 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,875,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,721,575 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $4,344,717 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,907,696 | CashBOYAmt |
| Cash EOY | $1,202,888 | CashEOYAmt |
| Cash EOYFMV | $1,202,888 | CashEOYFMVAmt |
| Acct Rcvbl | $5,589 | AcctRcvblAmt |
| Acct Rcvbl BOY | $1,075 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $5,589 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $5,589 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $0 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $23,608 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $23,608 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $14,777,860 | CorporateStockBOYAmt |
| Corporate Stock EOY | $17,897,348 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $17,623,821 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $16,686,631 | TotalAssetsBOYAmt |
| Total Assets EOY | $19,129,433 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $18,855,906 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $67,777 | AccountsPayableBOYAmt |
| Total Liabilities BOY | $67,777 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $16,618,854 | RetainedEarningBOYAmt |
| Retained Earning EOY | $19,129,433 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $16,618,854 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $19,129,433 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $16,686,631 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $19,129,433 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $16,618,854 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,721,575 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $20,340,429 | SubtotalAmt |
| Other Decreases | $1,210,996 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $19,129,433 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | $19,169,112 | $16,290,823 | $2,878,289 | $2,878,289 | |||
| ALPHABET | $28,508 | $3,634 | $24,874 | $24,874 | D | 2021-10-29 | 2021-12-06 |
| CISCO | $12,178 | $4,299 | $7,879 | $7,879 | D | 2021-10-29 | 2021-12-06 |
| COMCAST | $11,185 | $2,633 | $8,552 | $8,552 | D | 2021-10-29 | 2021-12-06 |
| FLEX | $11,177 | $5,910 | $5,267 | $5,267 | D | 2021-10-29 | 2021-12-06 |
| UNION PACIFIC | $37,725 | $8,475 | $29,250 | $29,250 | D | 2021-10-29 | 2021-12-06 |
| INGLES SUPERMARKETS | $1,303,276 | $96,775 | $1,206,501 | $1,206,501 | D | 2022-10-07 | 2022-11-25 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $4,160,612 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $60,392 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $60,392 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $60,392 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $84,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $84,000 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $23,608 | OverpaymentAmt |
| Applied To ES Tax | $23,608 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NC | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | JOHN ORGAIN | IndividualWithBooksNm |
| Phone | 8287254444 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 800 | AddressLine1Txt |
| City | HICKORY | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28603 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 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 |
|---|---|---|---|---|---|---|---|---|
| BOYD L GEORGE | ||||||||
| PO BOX 800 | HICKORY | NC | 28603 | CHAIRMAN | 0.00 | $0 | $0 | $0 |
| JOYCE GEORGE CORBETT | ||||||||
| PO BOX 800 | HICKORY | NC | 28603 | DIRECTOR | 0.00 | $0 | $0 | $0 |
| FREDERICK D MCCLURE | ||||||||
| PO BOX 800 | HICKORY | NC | 28603 | DIRECTOR | 0.00 | $0 | $0 | $0 |
| JOHN B ORGAIN | ||||||||
| PO BOX 800 | HICKORY | NC | 28603 | SECRETARY | 0.00 | $0 | $0 | $0 |
| KIMBERLY D GEORGE | ||||||||
| PO BOX 800 | HICKORY | NC | 28603 | PRESIDENT | 0.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $18,419,773 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $593,461 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $19,013,234 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $19,013,234 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $285,199 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $18,728,035 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $936,402 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $936,402 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $60,392 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $60,392 | TotalTaxAmt |
| Distributable Before Adj | $876,010 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $876,010 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $876,010 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,875,000 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,875,000 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $876,010 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $728,684 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $164,085 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $279,951 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $133,972 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $222,632 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,529,324 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,875,000 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $876,010 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $998,990 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $2,528,314 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $728,684 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,799,630 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $164,085 | ExcessFromYear4Amt |
| Excess From Year3 | $279,951 | ExcessFromYear3Amt |
| Excess From Year2 | $133,972 | ExcessFromYear2Amt |
| Excess From Year1 | $222,632 | ExcessFromYear1Amt |
| Excess From Current Year | $998,990 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | BOYD GEORGE | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 800 | AddressLine1Txt |
| City | HICKORY | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28603 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 8287254424 | RecipientPhoneNum |
| Form And Info And Materials | LETTER FORMAT | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | NONE | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (52 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| AMERICAN NATIONAL RED CROSS | |||||||
| PO BOX 1329 | HICKORY | NC | 28603 | PC | GENERAL SUPPORT | $15,000 | |
| BOOKMARKS | |||||||
| 634 WEST FOURTH STREET 110 | WINSTONSALEM | NC | 27101 | PC | GENERAL SUPPORT | $5,000 | |
| BURKE ARTS COUNCIL INC | |||||||
| 506 S STERLING STREET | MORGANTON | NC | 28655 | PC | GENERAL SUPPORT | $5,000 | |
| CALDWELL COUNTY UNITED FUND | |||||||
| PO BOX 1316 | LENOIR | NC | 28645 | PC | GENERAL SUPPORT | $10,000 | |
| CAROLINA CARING FOUNDATION INC | |||||||
| 3975 ROBINSON ROAD | NEWTON | NC | 28658 | SO I | GENERAL SUPPORT | $25,000 | |
| CATAWBA COUNTY COUNCIL ON AGING INC | |||||||
| PO BOX 835 | HICKORY | NC | 28603 | PC | GENERAL SUPPORT | $2,500 | |
| CATAWBA COUNTY HISPANIC MINISTRY | |||||||
| PO BOX 104 | HICKORY | NC | 28603 | PC | GENERAL SUPPORT | $10,000 | |
| CATAWBA MEDICAL FOUNDATION | |||||||
| 810 FAIRGROVE CHURCH ROAD SE | HICKORY | NC | 28602 | PC | GENERAL SUPPORT | $25,000 | |
| CATAWBA SCIENCE CENTER INC | |||||||
| PO BOX 2431 | HICKORY | NC | 28603 | PC | GENERAL SUPPORT | $20,000 | |
| CATAWBA VALLEY COMMUNITY COLLEGE FOUNDATION INC | |||||||
| K-642550 US HWY 70 SE | HICKORY | NC | 286029699 | PC | GENERAL SUPPORT | $50,000 | |
| CHARITY CHASE | |||||||
| CATAWBA VALLEY ROTARY CLUBPO BOX | CONOVER | NC | 28613 | PC | GENERAL SUPPORT | $1,000 | 1034 |
| CLASSROOM CONNECTIONS | |||||||
| 4547 BETHEL CHURCH ROAD | HICKORY | NC | 28603 | PC | GENERAL SUPPORT | $8,000 | |
| CLASSROOM CONNECTIONS | |||||||
| 709 WESTSIDE DRIVE | NEWTON | NC | 28658 | PC | GENERAL SUPPORT | $8,000 | |
| COUNCIL ON ADOLESCENTS OF CATAWBA COUNTY INC | |||||||
| 1120 FAIRGROVE CHURCH RD SE STE 22 | HICKORY | NC | 28602 | PC | GENERAL SUPPORT | $2,500 | |
| EASTERN CATAWBA COOPERATIVE CHRISTIAN MINISTRY INC | |||||||
| PO BOX 31 | NEWTON | NC | 28658 | PC | GENERAL SUPPORT | $10,000 | |
| EXODUS OUTREACH FOUNDATION INC | |||||||
| 122 8TH AVE DR SW | HICKORY | NC | 28602 | PC | GENERAL SUPPORT | $25,000 | |
| FOUNDATION OF THE CALDWELL COMMUNITY COLLEGE AND TECHNICAL | |||||||
| 2855 HICKORY BLVD | HUDSON | NC | 286382397 | PC | GENERAL SUPPORT | $3,000 | |
| GREATER HICKORY COOPERATIVE CHRISTIAN MINISTRY | |||||||
| 31 FIRST AVENUE SE | HICKORY | NC | 28602 | PC | GENERAL SUPPORT | $45,000 | |
| HABITAT FOR HUMANITY INTERNATIONAL INC | |||||||
| PO BOX 1341 | LENOIR | NC | 28645 | PC | GENERAL SUPPORT | $10,000 | |
| HABITAT FOR HUMANITY OF CATAWBA VALLEY INC | |||||||
| PO BOX 9475 | HICKORY | NC | 28603 | PC | GENERAL SUPPORT | $40,000 | |
| HICKORY CHORAL SOCIETY INC | |||||||
| 243 3RD AVENUE NESUITE 2-N | HICKORY | NC | 28601 | PC | GENERAL SUPPORT | $2,500 | |
| HICKORY COMMUNITY THEATRE | |||||||
| 30 3RD STREET NW | HICKORY | NC | 28601 | PC | GENERAL SUPPORT | $10,000 | |
| HICKORY LANDMARKS SOCIETY INC | |||||||
| PO BOX 2341 | HICKORY | NC | 28603 | PC | GENERAL SUPPORT | $1,000 | |
| HICKORY MUSEUM OF ART INC | |||||||
| 243 THIRD AVENUE NE | HICKORY | NC | 28601 | PC | GENERAL SUPPORT | $50,000 | |
| JAMES C HARPER SCHOOL OF PERFORMING ARTS INC | |||||||
| PO BOX 390 | LENOIR | NC | 28645 | PC | GENERAL SUPPORT | $2,000 | |
| LENOIR-RHYNE UNIVERSITY | |||||||
| OFFICE OF ADVANCEMENTPO BOX 7467 | HICKORY | NC | 286039874 | PC | GENERAL SUPPORT | $60,000 | |
| MARYVALE SISTERS | |||||||
| 2522 JUNE BUG ROAD | VALE | NC | 281687757 | PC | GENERAL SUPPORT | $15,000 | |
| MOORESVILLE SOUP KITCHEN INC | |||||||
| PO BOX 5173 | MOORESVILLE | NC | 28117 | PC | GENERAL SUPPORT | $25,000 | |
| NORTH CAROLINA INDEPENDENT COLLEGES & UNIVERSITIES | |||||||
| 530 N BLOUNT STREET | RALEIGH | NC | 27604 | PC | GENERAL SUPPORT | $10,000 | |
| PATRICK BEAVER LEARNING RESOURCE CENTER INCORPORATED | |||||||
| PO BOX 255 | HICKORY | NC | 28603 | PC | GENERAL SUPPORT | $10,000 | |
| PIEDMONT COUNCIL INC BSA | |||||||
| PO BOX 1059 | GASTONIA | NC | 28053 | PC | GENERAL SUPPORT | $5,000 | |
| SABRE SOCIETY OF NORTH CAROLINA | |||||||
| 3101 9TH DRIVE NW | HICKORY | NC | 28601 | PC | GENERAL SUPPORT | $500,000 | |
| SALEM ACADEMY & COLLEGE | |||||||
| OFFICE OF INSTITUTIONAL ADVANCEMENT | WINSTONSALEM | NC | 27101 | PC | GENERAL SUPPORT | $100,000 | 01 S CHURCH STREET |
| SALT BLOCK FOUNDATION INC | |||||||
| 243 THIRD AVENUE NEBOX 7 | HICKORY | NC | 28601 | PC | GENERAL SUPPORT | $25,000 | |
| SALVATION ARMY NATIONAL CORP | |||||||
| PO BOX 11209 | CHARLOTTE | NC | 282201209 | PC | GENERAL SUPPORT | $5,000 | |
| SECOND HARVEST FOOD BANK OF NORTHWEST NORTH CAROLINA INC | |||||||
| 3655 REED STREET | WINSTONSALEM | NC | 27107 | PC | GENERAL SUPPORT | $25,000 | |
| SENIOR NUTRITION SERVICESMEALS ON WHEELS | |||||||
| 507 BOUNDARY ST SW | NEWTON | NC | 28658 | GOV | GENERAL SUPPORT | $2,500 | |
| SHINING HOPE FARMS | |||||||
| 6347 ST PETERS CHURCH ROAD | CONOVER | NC | 28613 | PC | GENERAL SUPPORT | $1,000 | |
| SIPE'S ORCHARD HOME | |||||||
| 4431 COUNTY HOME ROAD | CONOVER | NC | 28613 | PC | GENERAL SUPPORT | $10,000 | |
| SPECIAL OLYMPICS NORTH CAROLINA INC | |||||||
| PO BOX 27728 | RALEIGH | NC | 276117728 | PC | GENERAL SUPPORT | $1,000 | |
| THE GREEN ROOM COMMUNITY THEATRE INC | |||||||
| PO BOX 1317 | NEWTON | NC | 28658 | PC | GENERAL SUPPORT | $2,000 | |
| THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION | |||||||
| 18 BEE STREET | CHARLESTON | SC | 29425 | SO III FI | GENERAL SUPPORT | $500,000 | |
| THE MENTAL HEALTH FUND INC | |||||||
| 327 1ST AVE NW | HICKORY | NC | 28601 | PC | GENERAL SUPPORT | $5,000 | |
| UNC HEALTH FOUNDATION INC | |||||||
| UNC AT CHAPEL HILL123 WEST FRANKLIN | CHAPEL HILL | NC | 27516 | PC | GENERAL SUPPORT | $20,000 | STREET SUITE 510 |
| UNITED WAY OF ALEXANDER COUNTY | |||||||
| PO BOX 232 | TAYLORSVILLE | NC | 28681 | PC | GENERAL SUPPORT | $2,000 | |
| UNITED WAY OF BURKE CO | |||||||
| 121 WEST UNION STREET | MORGANTON | NC | 28655 | PC | GENERAL SUPPORT | $1,000 | |
| UNITED WAY OF CATAWBA CO | |||||||
| PO BOX 2425 | HICKORY | NC | 28603 | PC | GENERAL SUPPORT | $20,000 | |
| UNITED WAY OF FLORENCE COUNTY | |||||||
| 1621 W PALMETTO STREET | FLORENCE | SC | 29501 | PC | GENERAL SUPPORT | $10,000 | |
| UNITED WAY OF FORSYTH COUNTY INC | |||||||
| 301 N MAIN STREET STE 1700301 N | WINSTONSALEM | NC | 27101 | PC | GENERAL SUPPORT | $20,000 | MAIN STREET STE 1700 |
| WESTERN PIEDMONT SYMPHONY | |||||||
| 243 THIRD AVENUE NE | HICKORY | NC | 28601 | PC | GENERAL SUPPORT | $10,000 | |
| WOMENS RESOURCE CENTER | |||||||
| PO BOX 1608 | HICKORY | NC | 28603 | PC | GENERAL SUPPORT | $5,000 | |
| YMCA OF CATAWBA VALLEY | |||||||
| 701 1ST STREET NW | HICKORY | NC | 28601 | PC | GENERAL SUPPORT | $100,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,875,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $272,103 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $4,160,612 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $4,432,715 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,432,715 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|
| ALEX LEE INC | ||||||
| 1 | PO BOX 800 | HICKORY | NC | 28603 | $1,296,785 | Yes (X) |
| ALEX LEE INC | ||||||
| 2 | PO BOX 800 | HICKORY | NC | 28603 | $16,473 | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | STOCK | $1,296,785 | 2022-08-17 |
| 2 | STOCK | $16,473 | 2022-10-07 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $7,600 | Amt |
| Net Investment Income | $7,600 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (12 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| CORE FIXED INCOME | $791,409 | $757,182 |
| CREDIT INCOME | $401,569 | $356,103 |
| LARGE CAP CORE US | $3,766,956 | $3,686,696 |
| LARGE CAP CORE NON US | $239,165 | $239,047 |
| LARGE CAP US SELECT | $2,843,224 | $3,157,621 |
| LARGE CAP GLOBAL | $3,322,194 | $3,519,985 |
| SANDS GLOBAL GROWTH | $1,030,769 | $782,027 |
| SANDS EMERGING MKTS | $662,184 | $558,758 |
| SECTOR PASSIVE | $566,353 | $684,554 |
| SMALL & MID CAP CORE | $937,173 | $884,584 |
| SMALL & MID CAP STRATEGIES | $3,330,575 | $2,978,362 |
| AHOLD SUPERMARKETS | $5,777 | $18,902 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADJUSTMENT FOR DONORS' BASIS OF CONTRIBUTED SECURITIES | Desc |
| Amt | $1,210,996 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | MANAGEMENT FEES | CategoryTxt |
| Amt | $78,566 | Amt |
| Net Investment Income | $78,566 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EXCISE TAX | $60,392 | $0 | $0 |
| FOREIGN TAX EXPENSE | $1,832 | $1,832 | $0 |
| PENALTY | $1,009 | $0 | $0 |