THORESEN FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- THORESEN FOUNDATION (EIN 36-6102493)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-10
- IRS object ID
- 202333149349102083
- Schema version
- 2022v5.0
- 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
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Land Schedule2
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-10T13:00:11-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 440160260 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FORVIS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 RIDGEFIELD COURT | AddressLine1Txt |
| City | ASHEVILLE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28806 | 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 | 366102493 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THORESEN FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | THOR | BusinessNameControlTxt |
| Phone | 8282605480 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CO M THORESEN 2725 WOODRIDGE CHA | AddressLine1Txt |
| City | CANTON | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30114 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL THORESEN | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 8282605480 | PhoneNum |
| Signature | 2023-11-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MICHAEL | PersonFirstNm |
| Person Last | THORESEN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JEREMY NAESS | PreparerPersonNm |
| PTIN | P01306905 | PTIN |
| Phone | 8282542254 | PhoneNum |
| Preparation | 2023-11-06 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| 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 | $38,374,061 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $740,215 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $740,215 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $31,200 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $31,200 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | -$4,443 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | -$240,074 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $10,754,529 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$56,654 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $474,687 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $771,415 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $240,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $96,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $144,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $4,250 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $4,250 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $89,121 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $89,121 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $41,679 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $27,596 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $35,643 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $35,643 | DeprecAndDpltnNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $30,484 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $15,590 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $14,894 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $441,177 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $263,950 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $163,144 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,406,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,406,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,847,177 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $263,950 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,569,144 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,372,490 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $507,465 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $854,292 | CashBOYAmt |
| Cash EOY | $1,414,715 | CashEOYAmt |
| Cash EOYFMV | $1,414,715 | CashEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $2,000,000 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,992,400 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $33,516,584 | CorporateStockBOYAmt |
| Corporate Stock EOY | $29,730,111 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $28,578,010 | CorporateStockEOYFMVAmt |
| Invst Land Cost Or Other Basis | $2,012,676 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $140,038 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $1,908,281 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $1,872,638 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $1,872,638 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $5,387,011 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $5,358,932 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $4,516,298 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $41,666,168 | TotalAssetsBOYAmt |
| Total Assets EOY | $40,376,396 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $38,374,061 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | 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 | $41,666,168 | RetainedEarningBOYAmt |
| Retained Earning EOY | $40,376,396 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $41,666,168 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $40,376,396 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $41,666,168 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $40,376,396 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $41,666,168 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,372,490 | ExcessRevenueOverExpensesAmt |
| Other Increases | $82,718 | OtherIncreasesAmt |
| Subtotal | $40,376,396 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $40,376,396 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| ACCT 588 REALIZED GAINS/LOSSES | P | $10,250,483 | $10,463,385 | -$212,902 | -$212,902 |
| ACCT 52 REALIZED GAINS/LOSSES | P | $501,274 | $531,218 | -$29,944 | -$29,944 |
| CAPITAL GAINS DIVIDENDS | P | $2,772 | $2,772 | $2,772 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$240,074 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $7,054 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $7,054 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $7,054 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | 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 | $0 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $328 | EsPenaltyAmt |
| Tax Due | $7,382 | TaxDueAmt |
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 | IL | 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6789069908 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2725 WOODRIDGE CHASE | AddressLine1Txt |
| City | CANTON | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30114 | 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 (2 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 |
|---|---|---|---|---|---|---|---|---|
| MICHAEL THORESEN | ||||||||
| 2725 WOODRIDGE CHASE | CANTON | GA | 30114 | TRUSTEE | 20.00 | $120,000 | $0 | $0 |
| PAUL O'CONNELL | ||||||||
| 132 GRASSY GAP LOOP | BEECH MOUNTAIN | NC | 28604 | TRUSTEE | 20.00 | $120,000 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALEX BROWN (RAYMOND JAMES) | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 N MAIN STR STE 2400 | AddressLine1Txt |
| City | WINSTONSALEM | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT MGMT FEES | ServiceTypeTxt |
| Compensation | $89,121 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
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 | $37,470,854 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $997,314 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $38,468,168 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $38,468,168 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $577,023 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $37,891,145 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,894,557 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,894,557 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $7,054 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $7,054 | TotalTaxAmt |
| Distributable Before Adj | $1,887,503 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,887,503 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,887,503 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,569,144 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,569,144 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,887,503 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,539,313 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,569,144 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,539,313 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $29,831 | 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 |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $1,857,672 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | MICHAEL THORESEN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (35 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| PARC | |||||||
| 3333 COYOTE HILL ROAD | PALO ALTO | CA | 94304 | NONE | 501(C)(3) | OPERATIONAL SUPPORT AND ENDOWMENT | $210,000 |
| CATHOLIC CHARITIES | |||||||
| 990 EDDY STREET | SAN FRANSISCO | CA | 94109 | NONE | 501(C)(3) | CYO AGING ADULT SERVICES, CYO ATHLETICS, CYO CAMP & CYO TREASURE ISLAND CHILD DEVELOPMENT | $15,000 |
| FIRE IN THE RING | |||||||
| 180 INDUSTRIAL WAY | BRISBANE | CA | 94005 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $95,000 |
| CHILDHELP INC | |||||||
| 4350 E CAMELBACK ROAD BLDG F 250 | PHOENIX | AZ | 85018 | NONE | 501(C)(3) | SPONSORSHIP | $15,000 |
| HEBRON COLONY MINISTRIES | |||||||
| 356 OLD TURNPIKE ROAD | BOONE | NC | 28607 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $30,000 |
| GRANDFATHER MTN STEWARDSHIP | |||||||
| 2050 BLOWING ROCK HIGHWAY | LINVILLE | NC | 28646 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $85,000 |
| MARYLAND (MAYLAND) COMMUNITY COLLEGE | |||||||
| 200 MAYLAND DRIVE | SPRUCE PINE | NC | 28777 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $30,000 |
| APPALACHIAN REGIONAL HEALTHCARE | |||||||
| 336 DEERFIELD ROAD | BOONE | NC | 28607 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $100,000 |
| PHEASANTS AND QUAIL FOREVER | |||||||
| 1783 BUERKLE CIRCLE STREET | ST PAUL | MN | 55110 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $30,000 |
| BUCKELEW FOUNDATION | |||||||
| 231 MAIN STREET | TOMS RIVER | NJ | 08753 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $10,000 |
| CALIFORNIA LAW ENFORCEMENT | |||||||
| PO BOX 944255 | SACRAMENTO | CA | 94244 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $20,000 |
| WILLIAMS YMCA | |||||||
| 10415 SAN JOSE BOULEVARD | JACKSONVILLE | FL | 32257 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $50,000 |
| COMMUNITY YOUTH CENTER | |||||||
| 2241 GALAXY COURT | CONCORD | CA | 94520 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $50,000 |
| ITALIAN ATHLETIC CLUB FOUNDATION | |||||||
| 1630 STOCKTON STREET | SAN FRANCISCO | CA | 94133 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $105,000 |
| DOLPHIN SWIMMING AND BOATING | |||||||
| 502 JEFFERSON STREET | SAN FRANCISCO | CA | 94109 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $90,000 |
| SALESIAN BOYS AND GIRLS CLUB | |||||||
| 680 FILBERT STREET | SAN FRANCISCO | CA | 94133 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $131,000 |
| ENSEMBLE STAGE | |||||||
| 185 AZALEA CIRCLE SE | BANNER ELK | NC | 28604 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $10,000 |
| KINGS BOXING GYM | |||||||
| 843 35TH AVENUE | OAKLAND | CA | 94601 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $15,000 |
| START SINGING INC | |||||||
| 450 N BALDWIN AVENUE | SIERRA MADRE | CA | 91024 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $45,000 |
| BEECH MOUNTAIN HISTORICAL SOCIETY | |||||||
| 403 BEECH MOUNTAIN PARKWAY | BEECH MOUNTAIN | NC | 28604 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $5,000 |
| AVERY ASSOCIATION FOR EXEPTIONAL | |||||||
| PO BOX 548 | NEWLAND | NC | 28657 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $5,000 |
| FLORIDA KEYS CHILDREN SHELTER | |||||||
| 73 HIGH POINT ROAD | TAVERNIER | FL | 33070 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $25,000 |
| BEECH MOUNTAIN COMMUNITY DEVELOPMENT | |||||||
| 60 FLAT SPRINGS ROAD | ELK PARK | NC | 28622 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $10,000 |
| HO'OLA NA PUA | |||||||
| PO BOX 22551 | HONOLULU | HI | 96823 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $20,000 |
| CAPITAL RESOURCE CENTER | |||||||
| 1513 16TH STREET NW | WASHINGTON | DC | 20036 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $10,000 |
| COLLEGE OF THE OZARKS | |||||||
| 100 OPPORTUNITY AVENUE | POINT LOOKOUT | MO | 65726 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $25,000 |
| MOUNTAIN AMBULANCE FOUNDATION | |||||||
| PO BOX 2491 | BANNER ELK | NC | 28604 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $50,000 |
| FEEDING AVERY FAMILIES | |||||||
| 152 JOHN ERWIN ROAD | BANNER ELK | NC | 28604 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $10,000 |
| CAP ACC | |||||||
| ADDRESS UNAVAILBLE | CANTON | GA | 30114 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $10,000 |
| LEES MCRAE COLLEGE | |||||||
| 191 MAIN STREET W | BANNER ELK | NC | 28604 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $50,000 |
| ST JUDE CHILDREN'S RESEARCH | |||||||
| 501 ST JUDE PLACE | MEMPHIS | TN | 38105 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $25,000 |
| SAN DIEGO MODEL RAILROAD | |||||||
| 1649 EL PRADO | SAN DIEGO | CA | 92101 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $5,000 |
| WILDLIFE RESTORE FOUNDATION | |||||||
| 4006 N TAZEWELL STREET | ARLINGTON | VA | 22207 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $5,000 |
| LA SALLIAN CHRISTIAN BROTHERS | |||||||
| 650 EAST PARKWAY SOUTH | MEMPHIS | TN | 38104 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $10,000 |
| NATIONAL LIBERTY SHIP MEMORIAL | |||||||
| 45 PIER SUITE 4A | SAN FRANCISCO | CA | 94133 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,406,000 | 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 | $740,215 | ExclusionAmt |
Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | -$4,443 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$240,074 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PASSTHROUGH UBI | Desc |
| Business | 525990 | BusinessCd |
| Unrelated Business Taxbl Incm | -$56,654 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$56,654 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $495,698 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $439,044 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $4,250 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $4,250 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (5 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Computation MethodComputationMethodTxt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Prior Year DepreciationPriorYearDepreciationAmt | LifeLifeRt |
|---|---|---|---|---|---|---|---|
| LAND | 2012-04-12 | $1,032,500 | L | $0 | $0 | ||
| BUILDING | 2012-04-12 | $442,500 | SL | $16,091 | $16,091 | $48,273 | 27.500000000000 |
| BLDG IMPROVEMENTS | 2013-12-31 | $346,666 | SL | $12,606 | $12,606 | $37,818 | 27.500000000000 |
| BLDG IMPROVEMENTS | 2014-12-31 | $153,000 | SL | $5,564 | $5,564 | $16,692 | 27.500000000000 |
| BLDG IMPROVEMENTS | 2020-12-31 | $38,010 | SL | $1,382 | $1,382 | $1,612 | 27.500000000000 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (11 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALGER SMALL CAP | $1,384,486 | $774,672 |
| ALGER WEATHERBIE | $1,556,325 | $911,966 |
| ISHARES SCP | $939,325 | $1,108,045 |
| ISHARES MCP | $905,727 | $1,114,871 |
| ACCT 52 STOCKS | $1,605,368 | $1,504,322 |
| GUGGENHEIM | $2,420,749 | $2,015,991 |
| WCM FOCUSED | $2,851,380 | $2,641,861 |
| INVESCO FTSE RAFI US 1000 ETF | $3,000,091 | $2,845,296 |
| INVESCO S&P 500 | $3,774,716 | $4,012,065 |
| THORNBURG | $4,520,270 | $4,230,210 |
| ISHARES 500 | $6,771,674 | $7,418,711 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $0 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $2,000,000 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $1,992,400 | StateLocalSecEOYFMVAmt |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| LAND | $1,032,500 | $0 | $1,032,500 | $1,032,500 |
| BUILDING | $442,500 | $64,364 | $378,136 | $378,136 |
| BLDG IMPROVEMENTS | $346,666 | $50,424 | $296,242 | $296,242 |
| BLDG IMPROVEMENTS | $153,000 | $22,256 | $130,744 | $130,744 |
| BLDG IMPROVEMENTS | $38,010 | $2,994 | $35,016 | $35,016 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| GBP GLOBAL | AT COST | $1,345,233 | $0 |
| CARLYLE ENERGY | AT COST | $513,699 | $0 |
| HUDSON BAY | AT COST | $700,000 | $919,310 |
| NUVEEN GLOBAL | AT COST | $1,050,000 | $1,270,899 |
| SEG PARTNERS | AT COST | $1,750,000 | $2,326,089 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| RENTAL EXPENSES | $5,661 | $5,661 | $0 |
| OFFICE EXPENSES | $24,823 | $9,929 | $14,894 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PASSTHROUGH UBI | Desc |
| Revenue And Expenses Per Books | -$56,654 | RevenueAndExpensesPerBooksAmt |
| Adjusted Net Income | -$56,654 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | COST BASIS ADJUSTMENT | Desc |
| Amt | $82,718 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | $89,121 | $89,121 | $0 |
| STATE FILING FEE | $0 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| IRS TAX PAYMENTS | $14,083 | $0 | $0 |
| PROPERTY TAXES | $27,596 | $27,596 | $0 |