CHILDTRUST FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- CHILDTRUST FOUNDATION (EIN 20-0477249)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-05-09
- IRS object ID
- 202211299349103101
- 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
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-09T13:49:58-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 561750124 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BATCHELOR TILLERY & ROBERTS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3605 GLENWOOD AVENUE SUITE 350 | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27612 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200477249 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHILDTRUST FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHIL | BusinessNameControlTxt |
| Phone | 9197819310 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 N WEST STREET | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27603 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | EASTER A MAYNARD | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 9197819310 | PhoneNum |
| Signature | 2022-05-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | EASTER | PersonFirstNm |
| Person Last | MAYNARD | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHELLE W LEMANSKI | PreparerPersonNm |
| PTIN | P00858709 | PTIN |
| Phone | 9197878212 | PhoneNum |
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 | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $30,895,556 | 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 | $156,831 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $95 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $95 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $227,454 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $227,454 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,660,159 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $472,834 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,660,159 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $2,044,539 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,887,708 | 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 | $8,084 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $15,580 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $23,283 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $217,644 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $212,645 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $264,591 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $212,645 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,871,625 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,456,625 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,136,216 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $212,645 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,456,625 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$91,677 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,675,063 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,437,384 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $377,025 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $377,025 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $22,973 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $17,691 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $17,691 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $0 | CorporateStockBOYAmt |
| Corporate Stock EOY | $87,663 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $572,889 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $17,119,065 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $19,526,130 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $29,916,347 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $11,604 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $11,604 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $18,579,422 | TotalAssetsBOYAmt |
| Total Assets EOY | $20,020,113 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $30,895,556 | TotalAssetsEOYFMVAmt |
| Grants Payable BOY | $80,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $465,000 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $80,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $465,000 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $18,499,422 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $19,555,113 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $18,499,422 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $19,555,113 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $18,579,422 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $20,020,113 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $18,499,422 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$91,677 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,716,004 | OtherIncreasesAmt |
| Subtotal | $20,123,749 | SubtotalAmt |
| Other Decreases | $568,636 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $19,555,113 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | $472,834 | $69,167 | $403,667 | $403,667 | |
| FROM PASS-THROUGH-FINANCIAL ASCENT | $1,256,492 | $1,256,492 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,660,159 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $23,283 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $23,283 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $23,283 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $40,974 | 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 | $40,974 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $17,691 | OverpaymentAmt |
| Applied To ES Tax | $17,691 | 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 | INVESTORS MANAGEMENT CORP | IndividualWithBooksNm |
| Phone | 9196537499 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 N WEST STREET | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27603 | 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 | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| 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 |
|---|---|---|---|---|---|---|---|---|
| JAMES H MAYNARD | ||||||||
| 801 N WEST STREET | RALEIGH | NC | 27603 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| EASTER A MAYNARD | ||||||||
| 801 N WEST STREET | RALEIGH | NC | 27603 | VICE PRESIDENT | 5.00 | $0 | $0 | $0 |
| RICHARD A URQUHART III | ||||||||
| 801 N WEST STREET | RALEIGH | NC | 27603 | TREASURER | 1.00 | $0 | $0 | $0 |
| RONALD M BARBEE | ||||||||
| 801 N WEST STREET | RALEIGH | NC | 27603 | SECRETARY | 3.00 | $0 | $0 | $0 |
| THEODORE M FOWLER | ||||||||
| 801 N WEST STREET | RALEIGH | NC | 27603 | DIRECTOR | 1.00 | $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 |
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 | $218,371 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $942,403 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $29,945,642 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $31,106,416 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $31,106,416 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $466,596 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $30,639,820 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,531,991 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,531,991 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $23,283 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $23,283 | TotalTaxAmt |
| Distributable Before Adj | $1,508,708 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,508,708 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,508,708 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,456,625 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,456,625 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,508,708 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $742,168 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $349,199 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $271,232 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $302,254 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $397,594 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $2,062,447 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,456,625 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,456,625 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $52,083 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $52,083 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $2,010,364 | 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 | $690,085 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,320,279 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $349,199 | ExcessFromYear4Amt |
| Excess From Year3 | $271,232 | ExcessFromYear3Amt |
| Excess From Year2 | $302,254 | ExcessFromYear2Amt |
| Excess From Year1 | $397,594 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (32 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| BERTIE COUNTY YMCA | |||||||
| 1102 N KING STREET | WINDSOR | NC | 27983 | PC | PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD SPIRIT, MIND, AND BODY | $12,375 | |
| BOOK HARVEST | |||||||
| 2501 UNIVERSITY DRIVE | DURHAM | NC | 27707 | PC | TO SUPPORT THE RANDOMIZED TRIAL EVALUATION OF THE BOOK BABIES HOME VISITING PROGRAM | $2,375 | |
| BOYS AND GIRLS CLUB OF COASTAL CAROLINA | |||||||
| 621 W FIRE TOWER ROAD | WINTERVILLE | NC | 28590 | PC | DESIGNED SOLELY FOR YOUTH DEVELOPMENT PURPOSES | $32,375 | |
| BOYS AND GIRLS CLUB OF WAKE COUNTY INC | |||||||
| 721 NORTH RALEIGH BOULEVARD | RALEIGH | NC | 27610 | PC | DESIGNED SOLELY FOR YOUTH DEVELOPMENT PURPOSES | $37,375 | |
| CAMP CORRAL | |||||||
| 801 NORTH WEST STREET | RALEIGH | NC | 27603 | PC | PROVIDE MEANINGFUL CAMP EXPERIENCES FOR MILITARY CHILDREN | $252,375 | |
| CENTER FOR CHILD & FAMILY HEALTH | |||||||
| 1121 W CHAPEL HILL ST STE 100 | DURHAM | NC | 27701 | PC | TO REDUCE THE IMPACT OF CHILD TRAUMATIC STRESS ON CHILDREN AND FAMILIES | $5,000 | |
| DOWN EAST PARTNERSHIP FOR CHILDREN | |||||||
| 215 LEXINGTON STREET | ROCKY MOUNT | NC | 27802 | PC | TO LAUNCH EVERY CHILD AS A HEALTHY, LIFELONG LEARNER BY THE END OF THIRD GRADE | $22,375 | |
| EAST WAKE EDUCATION FOUNDATION | |||||||
| 16 EAST FOURTH STREET PO BOX 1404 | WENDELL | NC | 27591 | PC | ADVOCATE FOR AREA SCHOOLS IN EASTERN WAKE COUNTY. | $15,000 | |
| EDUCATION NC | |||||||
| POST OFFICE BOX 1636 | RALEIGH | NC | 27602 | PC | EXPAND EDUCATIONAL OPPORTUNITIES FOR ALL CHILDREN IN NORTH CAROLINA | $127,375 | |
| EMPOWERED PARENTS IN COMMUNITY | |||||||
| 1908 CEDAR STREET | DURHAM | NC | 27707 | PC | TO DISMANTLE SYSTEMIC RACIAL INEQUITIES THROUGH COLLECTIVE ORGANIZING AND INTENTIONAL ENGAGEMENT OF AFRICAN AMERICAN PARENTS AND COMMUNITIES. | $20,000 | |
| HELPS EDUCATION FUND | |||||||
| PO BOX 51537 | DURHAM | NC | 27717 | PC | TO PROVIDE HELPS LITERACY TUTORING PROGRAM TRAINING, COACHING AND COORDINATION IN WAKE AND CUMBERLAND COUNTIES | $67,375 | |
| KIDZNOTES | |||||||
| 1309 HALLEY STREET | DURHAM | NC | 27707 | PC | MUSIC PROGRAM THAT ENGAGES STUDENTS PRE-KINDERGARTEN - 12TH GRADE | $22,375 | |
| LEARNING TOGETHER | |||||||
| 568 EAST LENOIR STREET NO 204 | RALEIGH | NC | 27601 | PC | CREATING A WORLD WHERE CHILDREN OF ALL ABILITIES AND FROM ALL BACKGROUNDS ARE VALUED AND RESPECTED. | $10,000 | |
| METHODIST HOME FOR CHILDREN | |||||||
| 1041 WASHINGTON STREET | RALEIGH | NC | 276051259 | PC | TO PROVIDE HOPE AND SKILLS CHILDREN AND FAMILIES NEED TO BUILD HEALTHY, SELF-SUFFICIENT AND PRODUCTIVE LIVES | $12,375 | |
| MOMSRISING EDUCATION FUND | |||||||
| 12011 BEL-RED ROAD SUITE 100B | BELLEVUE | WA | 98005 | PC | EXPAND EDUCATIONAL OPPORTUNITIES FOR ALL CHILDREN IN NORTH CAROLINA | $25,000 | |
| NC CHILD | |||||||
| 3101 POPLARWOOD COURT SUITE 300 | RALEIGH | NC | 27604 | PC | ENSURE CHILDREN HAVE ACCESS TO HEALTH CARE AND EDUCATION | $62,375 | |
| NC EARLY CHILDHOOD FOUNDATION | |||||||
| 907 GLENWOOD AVENUE | RALEIGH | NC | 27605 | PC | TO MARSHAL NORTH CAROLINA'S GREAT PEOPLE, IDEAS AND ACHIEVEMENTS TO BUILD A FOUNDATION OF OPPORTUNITY AND SUCCESS FOR EVERY CHILD BY THE END OF THIRD GRADE | $87,375 | |
| NORTH CAROLINA BUSINESS LEADERS FOR EDUCATION (BEST NC) | |||||||
| 940 NW CARY PARKWAY NO 121 | CARY | NC | 27513 | PC | TO IMPORVE NORTH CAROLINA'S EDUCATION SYSTEM THROUGH POLICY AND ADVOCACY | $20,000 | |
| NURSE FAMILY PARTNERSHIP | |||||||
| 10 SUNNYBROOK ROAD | RALEIGH | NC | 27610 | PC | REGISTERED NURSES SUPPORT FIRST-TIME MOTHERS | $25,000 | |
| PREVENT CHILD ABUSE NC INC | |||||||
| 3000 AERIAL CENTER PARKWAY SUITE | MORRISVILLE | NC | 27560 | PC | PREVENT ABUSE AND NEGLECT OF OUR NATION'S CHILDREN | $69,375 | 180 |
| PUBLIC SCHOOL FORUM OF NC INC | |||||||
| 3739 NATIONAL DRIVE SUITE 100 | RALEIGH | NC | 27612 | PC | SHAPE A WORLD-CLASS PUBLIC EDUCATION | $102,375 | |
| REACH OUT AND READ INC | |||||||
| 89 SOUTH STREET SUITE 201 | BOSTON | MA | 02111 | PC | INCORPORATES BOOKS INTO PEDIATRIC CARE & ENCOURAGES FAMILIES TO READ ALOUD TOGETHER | $77,375 | |
| SCHOOLS THAT LEAD INC | |||||||
| 219 OHIO AVENUE | WILMINGTON | DE | 19805 | PC | TO BRING EDUCATORS TOGETHER IN COLLECTIVE ACTION TO SOLVE PROBLEMS OF PRACTICE IDENTIFIED IN RESEARCH TO ACCELERATE IMPROVEMENT ACROSS NETWORKS OF SCHOOLS | $57,375 | |
| SEASIDE UNITED METHODIST CHURCH | |||||||
| 1300 SEASIDE ROAD SW | SUNSET BEACH | NC | 28468 | PC | COMMUNITY OF FAITH THAT SEEKS TO FOLLOW CHRIST MORE DEEPLY THROUGH THE DEDICATION OF OUR PRAYERS, PRESENCE, GIFTS, SERVICE AND WITNESS. | $20,000 | |
| STEP UP MINISTRY | |||||||
| 1701 OBERLIN ROAD | RALEIGH | NC | 27608 | PC | TRANSFORMING PEOPLES LIVES THROUGH EMPLOYMENT AND LIFE SKILLS TRAINING | $52,375 | |
| TEACH FOR AMERICA INC | |||||||
| 324 BLACKWELL STREET BAY 11 SUITE | DURHAM | NC | 27701 | PC | TEACHERS FOR UNDER-RESOURCED SCHOOLS | $47,375 | 1160 |
| THE DANIEL CENTER FOR MATH & SCIENCE | |||||||
| 735 ROCK QUARRY ROAD | RALEIGH | NC | 27610 | PC | TO MAKE A SUBSTANTIAL ACADEMIC DIFFERENCE IN THE LIVES OF AT-RISK YOUTH | $14,375 | |
| THE NC RURAL CENTER | |||||||
| 4021 CARYA DRIVE | RALEIGH | NC | 27610 | PC | WORKING TO CLOSE THE HEALTH INSURANCE COVERAGE GAP IN NORTH CAROLINA. | $1,000 | |
| THE NORTH CAROLINA PARTNERSHIP FOR CHILDREN | |||||||
| 1100 WAKE FOREST ROAD | RALEIGH | NC | 27614 | PC | USING EDUCATION, LITERACY, HEALTH, AND FAMILY SUPPORT TO ENSURE CHILDREN ARE READY TO SUCCEED, LEAD PRODUCTIVE LIVES, AND CONTRIBUTE TO A STRONG, VIBRANT NORTH CAROLINA | $19,125 | |
| THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL | |||||||
| PO BOX 309 | CHAPEL HILL | NC | 275140309 | PC | THROUGH INNOVATIVE RESEARCH THAT IMPROVES PRACTICE AND ENHANCES EDUCATION, WE SEARCH FOR SOLUTIONS TO CHALLENGES THAT INCLUDE POVERTY, MENTAL HEALTH, VIOLENCE AND SUBSTANCE ABUSE. | $75,000 | |
| WAKE EDUCATION PARTNERSHIP | |||||||
| 706 HILLSBOROUGH STREET SUITE A | RALEIGH | NC | 27603 | PC | COLLABORATE THE COMMUNITY WITH THE WAKE COUNTY PUBLIC SCHOOL FORUM | $32,375 | |
| YMCA OF THE TRIANGLE | |||||||
| 801 CORPORATE CENTER DRIVE SUITE | RALEIGH | NC | 27607 | PC | PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD SPIRIT, MIND, AND BODY | $30,000 | 200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,456,625 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (4 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| EDUCATION NC | ||||||
| POST OFFICE BOX 1636 | RALEIGH | NC | 27602 | PC | EXPAND EDUCATIONAL OPPORTUNITIES FOR ALL CHILDREN IN NORTH CAROLINA | $125,000 |
| NC CHILD | ||||||
| 3109 POPLARWOOD COURT SUITE 300 | RALEIGH | NC | 27604 | PC | ENSURE CHILDREN HAVE ACCESS TO HEALTH CARE AND EDUCATION | $60,000 |
| NC EARLY CHILDHOOD FOUNDATION | ||||||
| 907 GLENWOOD AVENUE | RALEIGH | NC | 27605 | PC | TO MARSHAL NORTH CAROLINA'S GREAT PEOPLE, IDEAS AND ACHIEVEMENTS TO BUILD A FOUNDATION OF OPPORTUNITY AND SUCCESS FOR EVERY CHILD BY THE END OF THIRD GRADE | $170,000 |
| PREVENT CHILD ABUSE NC INC | ||||||
| 3716 NATIONAL DRIVE SUITE 118 | RALEIGH | NC | 27612 | PC | PREVENT ABUSE AND NEGLECT OF OUR NATION'S CHILDREN | $60,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $415,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $95 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $227,454 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,660,159 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,887,708 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,887,708 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INVESTORS MANAGEMENT CORPORATION | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 N WEST STREET | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27603 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $156,831 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 836 SHS ADOBE SYSTEMS INC. | $508,890 | 2021-07-21 |
| 1 | 187 SHS ALPHABET INC. | $490,320 | 2021-07-21 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREPARATION FEES | CategoryTxt |
| Amt | $8,084 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 500 SHS OF ADOBE INC. | $35,857 | $283,530 |
| 100 SHS OF ALPHABET INC. | $51,806 | $289,359 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | FINANCIAL ASCENT TE LIMITED PARTNERSHIP | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $19,526,130 | BookValueAmt |
| EOYFMV | $29,916,347 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TAX RECEIVABLE | Desc |
| EOY Book Value | $11,604 | EOYBookValueAmt |
| EOYFMV | $11,604 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR PERIOD ADJUSTMENT-2019 AMENDED FORM 990-PF | Desc |
| Amt | $568,636 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FINANCIAL ASCENT TE LMTD PRTNR | $212,645 | $212,645 | $0 |
| OTHER EXPENSES | $4,999 | $0 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR PERIOD ADJUSTMENT-FINANCIAL ASCENT TE LIMITED PARTNERSHIP | Desc |
| Amt | $1,716,004 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | GRANT ASSISTANCE ORG DUES | CategoryTxt |
| Amt | $15,580 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL EXCISE TAX | CategoryTxt |
| Amt | $23,283 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |