LEONARD G HERRING FAMILY FOUNDATION INC: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- LEONARD G HERRING FAMILY FOUNDATION INC (EIN 56-1881015)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-15
- IRS object ID
- 202323199349108477
- Schema version
- 2022v5.0
- Note
- A later return for the same period supersedes this one.
- 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 Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-15T16:50:46-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | 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 | 2022-01-01 | 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 | 2023-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | A LEE | PersonFirstNm |
| Person Last | HERRING II | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JENNIFER RHODERICK | PreparerPersonNm |
| PTIN | P00395735 | PTIN |
| Phone | 3176817000 | PhoneNum |
| Preparation | 2023-11-13 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | 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 | $24,647,892 | 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 | $923,835 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $910,599 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$183,196 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,452,168 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $2,702,353 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $2,699,804 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $3,442,992 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,610,403 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $145,783 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $72,892 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $72,891 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $96,197 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $96,197 | OtherProfFeesNetInvstIncmAmt |
| Interest Rev And Expnss | $391 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $391 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $33,519 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $8,519 | TaxesNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $2,037 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $2,037 | TravConfMeetingNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $1,329 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $329 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,000 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $279,256 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $180,365 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $73,891 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,738,450 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,738,450 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,017,706 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $180,365 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,812,341 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,425,286 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,430,038 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $2,191,963 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $689,639 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $689,639 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $546,219 | CorporateStockBOYAmt |
| Corporate Stock EOY | $722,061 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $644,788 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $19,723,858 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $21,202,527 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $22,776,072 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $537,393 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $537,393 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $22,462,040 | TotalAssetsBOYAmt |
| Total Assets EOY | $23,151,620 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $24,647,892 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $22,462,040 | RetainedEarningBOYAmt |
| Retained Earning EOY | $23,151,620 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $22,462,040 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $23,151,620 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $22,462,040 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $23,151,620 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $22,462,040 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,425,286 | ExcessRevenueOverExpensesAmt |
| Subtotal | $23,887,326 | SubtotalAmt |
| Other Decreases | $735,706 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $23,151,620 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (12 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| SCHWAB #1215 | P | $3,798,812 | $4,161,598 | -$362,786 | -$362,786 |
| SCHWAB #1215 CAPITAL GAIN DISTRIBUTION | P | $4,453 | $4,453 | $4,453 | |
| SCHWAB #3005 | P | $432,330 | $473,766 | -$41,436 | -$41,436 |
| PASS-THRU: AG CS HOLDINGS FUND | P | $7,159 | $7,159 | $7,159 | |
| PASS-THRU: CHAMBERS ENERGY CAPITAL II | P | $20 | $20 | $20 | |
| PASS-THRU: COWEN HEALTHCARE INVESTMENTS III LP | P | $36,815 | $36,815 | $36,815 | |
| PASS-THRU: ENERGY INNOVATION CAPITAL | P | $4,664 | $4,664 | $4,664 | |
| PASS-THRU: FULCRUM GROWTH FUND III QP, LLC | P | $100,294 | $100,294 | $100,294 | |
| PASS-THRU: GSO SPECIAL SITUATIONS OVERSEAS FUND LTD | P | $7,302 | $7,302 | $7,302 | |
| PASS-THRU: KCL CAPITAL OFFSHORE FUND, LTD. | P | $24,201 | $24,201 | $24,201 | |
| PASS-THRU: OAK STREET REAL ESTATE CAPITAL FUND IV, LP | P | $31,701 | $31,701 | $31,701 | |
| PASS-THRU: WIC MANAGEMENT VOLATILITY AND INCOME FUND QP | P | $4,417 | $4,417 | $4,417 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$183,196 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $47,678 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $47,678 | SubtotalAmt |
| Tax Based On Investment Income | $47,678 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $28,350 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $10,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $38,350 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $1,278 | EsPenaltyAmt |
| Tax Due | $10,606 | TaxDueAmt |
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 | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Rozelia S Herring | ||||||||
| PO Box 118 | Wilkesboro | NC | 28697 | Vice-President | 0.5 | $0 | $0 | $0 |
| Sandra G Herring | ||||||||
| PO Box 118 | Wilkesboro | NC | 28697 | Secretary | 0.5 | $0 | $0 | $0 |
| A Lee Herring II | ||||||||
| PO Box 118 | Wilkesboro | NC | 28697 | President/Treasurer | 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 | $122,202 |
| Pathstone | |||||
| 1900 Avenue of the Stars 970 | LOS ANGELES | CA | 90067 | Accounting 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 | $18,135,711 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,481,401 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $7,136,251 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $26,753,363 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $26,753,363 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $401,300 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $26,352,063 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,317,603 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,317,603 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $47,678 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $47,678 | TotalTaxAmt |
| Distributable Before Adj | $1,269,925 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,269,925 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,269,925 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,812,341 | 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 | $1,812,341 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,269,925 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,342,375 | UndistributedIncomePYAmt |
| Prior Year1 | 2020 | PriorYear1Yr |
| Prior Year2 | 2019 | PriorYear2Yr |
| Prior Year3 | 2018 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,812,341 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,342,375 | AppliedToYear1Amt |
| Applied To Current Year | $469,966 | 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 | $799,959 | 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 |
| Contributing Manager | ROZELIA S HERRING | 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 (33 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Alpha Sigma Foundation | |||||||
| PO Box 876 | Ithaca | NY | 148510876 | N/A | PC | general support | $5,000 |
| American Cancer Society | |||||||
| 1901 Brunswick Ave 100 | Charlotte | NC | 28207 | N/A | PC | general support | $3,000 |
| Blue Ridge Opportunity Commission Inc | |||||||
| 710 Veterans Drive | North Wilkesboro | NC | 28659 | N/A | PC | general support | $40,000 |
| Catherine H Barber Memorial Shelter Inc | |||||||
| PO Box 52 | North Wilkesboro | NC | 28659 | N/A | PC | general support | $100,000 |
| Craig Church Ministries INC | |||||||
| PO Box 129 | Purlear | NC | 28665 | N/A | PC | general support | $15,000 |
| Duke University | |||||||
| Box 90966 | Durham | NC | 277080966 | N/A | PC | general support | $10,000 |
| First United Methodist Church | |||||||
| PO Box 1145 | North Wilkesboro | NC | 28659 | N/A | PC | general support | $40,000 |
| Focusing Philanthropy Inc (Per Scholas) | |||||||
| 1637 16th Street | Santa Monica | CA | 90404 | N/A | PC | general support | $200,000 |
| Higher Ed Works | |||||||
| PO Box 10463 | Raleigh | NC | 27605 | N/A | PC | general support | $20,000 |
| Moravian Falls Elementary School | |||||||
| 2001 Moravian Falls Road | Moravian Falls | NC | 28654 | N/A | PC | general support | $200 |
| NC TECHPATHS INC | |||||||
| PO Box 118 | North Wilkesboro | NC | 28697 | N/A | PC | general support | $900,000 |
| North Wilkesboro Rotary Club Scholarship Foundatio | |||||||
| 192 East Magnolia Road | North Wilkesboro | NC | 28659 | N/A | PC | general support | $2,000 |
| Old Hickory Council | |||||||
| 6600 Silas Creek Parkway | Winston Salem | NC | 27106 | N/A | PC | general support | $15,000 |
| Pizza to the Polls | |||||||
| 225 NE Wygant St | Portland | OR | 97211 | N/A | PC | general support | $250 |
| Shriners Hospital for Children | |||||||
| 604 Doug Mayes Place | Charlotte | NC | 28262 | N/A | PC | general support | $15,000 |
| The Ark- ECHO Ministry | |||||||
| PO Box 102 | Elkin | NC | 28621 | N/A | PC | general support | $5,000 |
| The Educational Foundation Inc | |||||||
| PO Box 2446 | Chapel Hill | NC | 27515 | N/A | PC | general support | $25,000 |
| United Way of Wilkes County Inc | |||||||
| 910 C Street | North Wilkesboro | NC | 28659 | N/A | PC | general support | $20,000 |
| Wilkes ADAP | |||||||
| 902 Boston Avenue | North Wilkesboro | NC | 28659 | N/A | PC | general support | $15,000 |
| Wilkes Art Gallery Inc | |||||||
| 913 C Street | North Wilkesboro | NC | 28659 | N/A | PC | general support | $25,000 |
| Wilkes Circles of Care Inc | |||||||
| PO Box 1621 | North Wilkesboro | NC | 28659 | N/A | PC | general support | $5,000 |
| Wilkes Community College | |||||||
| PO Box 120 | Wilkesboro | NC | 28697 | N/A | PC | general support | $104,000 |
| Wilkes Community Partnership for Children | |||||||
| 1915 W Park Drive | North Wilkesboro | NC | 28659 | N/A | PC | general support | $25,000 |
| Wilkes County Hall of Fame | |||||||
| 613 Cherry Street | North Wilkesboro | NC | 28659 | N/A | PC | general support | $5,000 |
| Wilkes County Health Department | |||||||
| 306 College Street | Wilkesboro | NC | 28697 | N/A | PC | general support | $5,000 |
| Wilkes County Schools | |||||||
| 1248 School Street | Wilkesboro | NC | 28697 | N/A | PC | general support | $45,000 |
| Wilkes Economic Development Corporation | |||||||
| 213 Ninth Street | North Wilkesboro | NC | 28659 | N/A | PC | general support | $15,000 |
| Wilkes Literacy | |||||||
| 910 C Street Box 3 Suite 204 | N Wilkesboro | NC | 28659 | N/A | PC | general support | $3,000 |
| Wilkes Ministry of Hope | |||||||
| 514 Elkin Hwy | North Wilkesboro | NC | 28659 | N/A | PC | general support | $15,000 |
| Wilkes Playmakers Inc | |||||||
| 300 D Street PO Box 397 | North Wilkesboro | NC | 28659 | N/A | PC | general support | $11,000 |
| Wilkes Recovery Revolution Inc | |||||||
| PO Box 893 | North Wilkesboro | NC | 28659 | N/A | PC | general support | $30,000 |
| Wilkes Youth Life Development | |||||||
| 1865 Lithia Springs Rd | Moravian Falls | NC | 286549838 | N/A | PC | general support | $5,000 |
| YMCA of Greater Charlotte | |||||||
| 400 E Morehead Street | Charlotte | NC | 28202 | N/A | PC | general support | $15,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,738,450 | 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 | $923,835 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | $2,549 | UnrelatedBusinessTaxblIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$183,196 | 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 (3 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| TAXABLE INCOME DISTRIBUTIONS | 01 | $2,687,122 |
| OTHER INCOME - MADOFF VICTIM FUND | 01 | $9,844 |
| INCOME FROM PASSTHROUGH K-1 | 14 | $2,838 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $2,549 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $3,440,443 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,442,992 | 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 | ERNST & YOUNG LLP | CategoryTxt |
| Amt | $145,783 | Amt |
| Net Investment Income | $72,892 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $72,891 | 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 |
| ACCOUNTING FEES |
| Pathstone |
| MANAGEMENT FEES |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (82 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| PROMETHEUS BIOSCIENCES I | $3,676 | $47,520 |
| ABERDEEN ASIA PACIFIC IN | $15,237 | $10,336 |
| ALLIANCEBERNSTEIN GLBL H | $4,694 | $3,845 |
| ALLIANCEBERNSTEIN NTNL M | $31,118 | $24,115 |
| ALLSPRING INCOME OPPORTU | $165 | $166 |
| APOLLO SENIOR FLOATING R | $3,180 | $3,060 |
| APOLLO TACTICAL INCOME C | $16,127 | $14,083 |
| ARES DYNAMIC CREDIT ALLO | $311 | $255 |
| BARINGS GLOBAL SHORT DUR | $1,623 | $1,496 |
| BLACKOCK MUNIHOLDINGS IN | $0 | $0 |
| BLACKROCK CAP ALLOCATION | $46,974 | $38,226 |
| BLACKROCK DEBT STRAT FD | $3,687 | $3,597 |
| BLACKROCK FLOATING RATE | $440 | $427 |
| BLACKROCK MUNI INCOME FU | $64,249 | $52,265 |
| BLACKROCK MUNIASSETS CF | $944 | $1,028 |
| BLACKROCK MUNICIPAL INCO | $5,324 | $5,553 |
| BLACKROCK MUNICIPAL INCO | $1,672 | $1,703 |
| BLACKROCK MUNICIPAL INCO | $6,499 | $6,601 |
| BLACKROCK MUNIHOLDINGS C | $6,723 | $7,090 |
| BLACKROCK MUNIHOLDINGS Q | $1,271 | $1,264 |
| BLACKROCK MUNIVEST CF | $10,553 | $9,274 |
| BLACKROCK MUNIVEST II CF | $2,691 | $2,748 |
| BLACKROCK MUNIYIELD CF | $12,615 | $11,555 |
| BLACKROCK MUNIYIELD QUAL | $46,880 | $39,145 |
| BLACKROCK MUNIYLD QUALIT | $6,822 | $7,273 |
| BLACKROCK MUNIYLD QUALIT | $305 | $327 |
| BLACKSTONE LONG SHORT CR | $2,170 | $2,103 |
| BLACKSTONE SENIOR FLOAT | $711 | $696 |
| BLACKSTONE STRATEGIC CRE | $16,335 | $13,627 |
| BNY MELLON MUN INCOME IN | $3,284 | $2,861 |
| BNY MELLON MUNI BOND INF | $616 | $610 |
| BNY MELLON STRATEGIC MUN | $4,325 | $4,138 |
| BNY MELLON STRATEGIC MUN | $1,236 | $1,088 |
| BRANDYWINEGBL GBL INCM O | $6,762 | $4,866 |
| DELAWARE IVY HIGH INCOME | $0 | $0 |
| DOUBLELINE INCOME SOLUTI | $0 | $0 |
| DOUBLELINE YIELD OPPORTU | $5,898 | $5,300 |
| DWS MUNICIPAL INCOME CF | $19,461 | $15,532 |
| EATON VANCE FLOATING RAT | $1,621 | $1,564 |
| EATON VANCE MUNICIPAL BN | $23,673 | $21,861 |
| EATON VANCE MUNICIPAL IN | $5,214 | $5,201 |
| FEDERAT HERMES PREMIR MU | $2,699 | $2,436 |
| FIRST TRST HGH YLD OPPRT | $3,577 | $3,383 |
| FIRST TRUST HIGH INCOME | $1,684 | $1,706 |
| FRANKLIN LTD DUR INCOME | $298 | $286 |
| INVESCO ADVANTAGE MUNI | $1,393 | $1,409 |
| INVESCO GRADE MUN CF | $13,526 | $12,583 |
| INVESCO MUNI OPPORTUNITY | $6,029 | $5,678 |
| INVESCO MUNICIPAL TRUST | $9,517 | $9,375 |
| INVESCO QLTY MUN INCM TR | $17,620 | $14,921 |
| INVESCO SENIOR INCM TR | $0 | $0 |
| INVESCO VALUE MUNI INCM | $3,149 | $3,241 |
| IVY HIGH INCOME OPPORTUN | $4,341 | $3,650 |
| MFS HIGH INCOME MUNICIPA | $2,110 | $1,801 |
| MFS MULTIMARKET INCOME C | $435 | $442 |
| MFS MUNICIPAL INCOME CF | $8,102 | $7,283 |
| MORGAN STANLEY EMERGING | $9,654 | $6,913 |
| MS EMERGING MARKTS DOMES | $16,351 | $12,509 |
| NEUBERGER BERMAN MUNICIP | $1,805 | $1,771 |
| NUVEEN AMT FREE QUALITY | $0 | $0 |
| NUVEEN CREDIT STRATEGIES | $33,327 | $26,499 |
| NUVEEN ENHANCED MUNICIPA | $0 | $0 |
| NUVEEN GLOBAL HIGH INCOM | $4,987 | $3,724 |
| NUVEEN QUALITY MUNICIPAL | $0 | $0 |
| NUVEEN SENIOR INCOME CF | $568 | $532 |
| NUVEEN SHORT DURATION CR | $1,706 | $1,637 |
| PGIM GLOBAL HIGH YIELD | $46,188 | $34,428 |
| PGIM HIGH YIELD BOND FUN | $16,426 | $12,974 |
| PGIM SHORT DURATION HIGH | $17,722 | $14,602 |
| PIONEER FLOATING RATE FU | $225 | $210 |
| PIONEER HIGH INCOME FUND | $657 | $650 |
| PIONEER MUNICIPAL HIGH I | $8,557 | $6,081 |
| PIONEER MUNICIPAL HIGH I | $10,756 | $8,597 |
| PIONEER MUNICIPAL HIGH I | $3,404 | $2,965 |
| TEMPLETON GLOBAL INCOME | $0 | $0 |
| WESTERN ASSET DIVERSIFIE | $17,075 | $13,653 |
| WESTERN ASSET EMERGING M | $45,682 | $32,158 |
| WESTERN ASSET INTERMEDIA | $1,500 | $1,230 |
| WESTERN ASSET MORTGAGE O | $922 | $894 |
| WESTERN ASSET MUNICIPAL | $3,286 | $2,898 |
| WESTERN ASST MNGD MUNCPL | $17,648 | $15,498 |
| WESTRN ASST HIGH INCM OP | $4,049 | $3,772 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (34 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ENERGY INNOVATION CAPITAL I LP | AT COST | $350,501 | $577,506 |
| POLYGON EUROPEAN EQUITY OPP FD | AT COST | $327,545 | $467,792 |
| WIC MANAGEMENT VOLATILITY | AT COST | $0 | $0 |
| CHAMBERS ENERGY CAPITAL II | AT COST | $697,331 | $425,050 |
| MORROCROFT SPECIAL OPP | AT COST | $0 | $0 |
| GSO SPECIAL SITUATIONS | AT COST | $115,881 | $100,107 |
| SCHWAB (1215) | AT COST | $16,095,468 | $15,851,380 |
| PB STRATEGIC OFFSHORE | AT COST | $0 | $102,521 |
| GSO CDCG III FEEDER TRUST | AT COST | $0 | $0 |
| VECTOR CAPITAL CREDIT OPP | AT COST | $93,751 | $0 |
| VENBIO SELECT FUND LTD | AT COST | $0 | $1,173,210 |
| BRIGHTWOOD CAPITAL FUND III | AT COST | $153,412 | $138,461 |
| BROOKWOOD CP INVESTOR CO-INVST | AT COST | $0 | $0 |
| FULCRUM GROWTH FUND III QP LLC | AT COST | $193,040 | $306,103 |
| OAK STREET RE CAP FUND III, LP | AT COST | $2,281 | $1,352 |
| OAK STREET RE CAP FUND IV, LP | AT COST | $129,802 | $224,774 |
| INFINITY Q VOLATILITY ALPHA FD | AT COST | $105,441 | $254,282 |
| ALPINE HERITAGE OFFSHORE FUND | AT COST | $0 | $0 |
| AG ASSET BASED CREDIT FND HLDS | AT COST | $199,202 | $199,979 |
| AG CS HOLDINGS FUND | AT COST | $741,537 | $797,745 |
| COWEN HEALTHCARE INVESTMENTS I | AT COST | $383,293 | $358,665 |
| HARBERT SENIORS HOUSING FUND | AT COST | $328,317 | $363,262 |
| PONTIFAX GLOBAL FOOD & AG TECH | AT COST | $207,025 | $214,403 |
| BRANDFORD CASTLE FUND II | AT COST | $47,213 | $183,464 |
| FULCRUM GROWTH FUND IV, LLC | AT COST | $243,586 | $313,192 |
| GOLUB CPTL PRTNS INTERNATIONAL | AT COST | $229,432 | $244,207 |
| SCHWAB (3005) | AT COST | $0 | $0 |
| KAYNE ANDERSON RE DEBT IV | AT COST | $146,930 | $148,159 |
| KCL CAPITAL OFFSHORE FUND | AT COST | $0 | $0 |
| RIVERSIDE MICRO CAP VI, LP | AT COST | $0 | $0 |
| RIVERSIDE MICRO CAP VI-A, LP | AT COST | $10,419 | $18,564 |
| SANDS CAP GBL INNOV FUND II | AT COST | $101,120 | $86,616 |
| SUMMIT PARTNERS | AT COST | $300,000 | $225,278 |
| RMCF VI AIV I, LP | AT COST | $0 | $0 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| WORK IN PROGRESSS - BLOCK 46 | $0 | $37,393 | $37,393 |
| NC TECHPATHS NOTE | $500,000 | $500,000 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER DECREASES (TIMING DIFFERENCES) | Desc |
| Amt | $735,706 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK FEES | $329 | $329 | |
| DUES & SUBSCRIPTIONS | $1,000 | $1,000 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Taxable Income Distributions | $2,687,122 | $2,687,122 |
| Other Income - Madoff Victim Fund | $9,844 | $9,844 |
| Income from Pass-thru | $5,387 | $2,838 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | MANAGEMENT FEES | CategoryTxt |
| Amt | $96,197 | Amt |
| Net Investment Income | $96,197 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FEDERAL TAX PAYMENTS | $25,000 | |
| FOREIGN TAXES | $8,519 | $8,519 |