LAURA P NICHOLS FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- LAURA P NICHOLS FOUNDATION (EIN 20-4712624)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-07-17
- IRS object ID
- 202501989349100820
- Schema version
- 2024v5.0
- 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
- Dissolution Stmt
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Liquidation Explanation Stmt
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-07-17T17:31:59-04:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 474862555 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FAIR & COMPANY CPAS PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6001 VALLEY RANCH DR | AddressLine1Txt |
| City | LITTLE ROCK | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 722234585 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 204712624 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAURA P NICHOLS FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LAUR | BusinessNameControlTxt |
| Phone | 5018021155 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 204 EXECUTIVE COURT STE 303 | AddressLine1Txt |
| City | LITTLE ROCK | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72205 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK A NICHOLS | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 5013769971 | PhoneNum |
| Signature | 2025-06-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LANCE MCALISTER CPA | PreparerPersonNm |
| PTIN | P00805273 | PTIN |
| Phone | 5012276220 | PhoneNum |
| Preparation | 2025-06-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| PF Status Term Sect507b1 A | Yes (X) | PFStatusTermSect507b1AInd |
| Final Return | Yes (X) | FinalReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $0 | 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 | $23,593 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $23,593 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $943,383 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,692,908 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $943,383 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $966,976 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $966,976 | TotalNetInvstIncmAmt |
| Legal Fees Rev And Expnss | $9,010 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $6,625 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,987 | AccountingFeesNetInvstIncmAmt |
| Other Prof Fees Rev And Expnss | $14,311 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $14,311 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $13,416 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $12 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $12 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $43,374 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $16,310 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,912,750 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,912,750 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,956,124 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $16,310 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,912,750 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$989,148 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $950,666 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $453,047 | SavAndTempCashInvstBOYAmt |
| Corporate Stock BOY | $349,987 | CorporateStockBOYAmt |
| Corporate Bonds BOY | $184,070 | CorporateBondsBOYAmt |
| Other Assets BOY | $2,044 | OtherAssetsBOYAmt |
| Total Assets BOY | $989,148 | TotalAssetsBOYAmt |
| Total Assets EOY | $0 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $0 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $989,148 | NoDonorRstrNetAssestsBOYAmt |
| Tot Net Ast Or Fund Balances BOY | $989,148 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $0 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $989,148 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $0 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $989,148 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$989,148 | ExcessRevenueOverExpensesAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | P | $220,552 | $215,468 | $5,084 | $5,084 |
| PUBLICLY TRADED SECURITIES | P | $1,472,356 | $534,057 | $938,299 | $938,299 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $943,383 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $5,084 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $13,214 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $13,214 | SubtotalAmt |
| Tax Based On Investment Income | $13,214 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,842 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $1,842 | TotalPaymentsAndCreditsAmt |
| Tax Due | $11,372 | TaxDueAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | Yes (true) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| 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 | C&S CAPITAL MANAGEMENT INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5018021155 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 204 EXECUTIVE COURT SUITE 303 | AddressLine1Txt |
| City | LITTLE ROCK | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72205 | 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 |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK A NICHOLS | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1734 P STREET NW | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | TRUSTEE | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 1.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| Employee Benefit Program | $0 | EmployeeBenefitProgramAmt |
| Expense Account Other Allwnc | $0 | ExpenseAccountOtherAllwncAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
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 | $1,133,062 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $189,666 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,842 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,324,570 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $1,324,570 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $19,869 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,304,701 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $65,235 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $65,235 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $13,214 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $13,214 | TotalTaxAmt |
| Distributable Before Adj | $52,021 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $52,021 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $52,021 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,912,750 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $1,912,750 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $52,021 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr2 | $48,934 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $63,347 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $112,281 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,912,750 | QualifyingDistributionsAmt |
| Applied To Current Year | $52,021 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,860,729 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,973,010 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $1,973,010 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $48,934 | ExcessFromYear2Amt |
| Excess From Year1 | $63,347 | ExcessFromYear1Amt |
| Excess From Current Year | $1,860,729 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | MARK A NICHOLS TRUSTEE CO CS C | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 204 EXECUTIVE COURT STE 303 | AddressLine1Txt |
| City | LITTLE ROCK | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72205 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 5018021155 | RecipientPhoneNum |
| Recipient Email Address | MNICHOLS5@GMAIL.COM | RecipientEmailAddressTxt |
| Form And Info And Materials | ALL APPLICATIONS SHOULD BE IN WRITING WITH A DESCRIPTION OF THE INTENDED USE OF THE CONTRIBUTION TO ENSURE IT IS IN COMPLIANCE WITH THE FOUNDATION'S STATED PURPOSE. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | CONTRIBUTIONS WILL ONLY BE MADE TO ORGANIZATIONS DESCRIBED IN IRC SECTIONS 170(B)(1)(A), 170(C), 2055(A), AND 2522(A) WHICH PROVIDE FOR THE CARE AND FEEDING OF DOGS, CATS, HORSES, AND ANIMALS HOUSED IN ZOOS. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ARKANSAS COMMUNITY FOUNDATION INC | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 ALLIED DRIVE SUITE 511 | AddressLine1Txt |
| Address Line2 | BUILDING 5 11TH FLOOR | AddressLine2Txt |
| City | LITTLE ROCK | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | ESTABLISHMENT OF DONOR ADVISED FUND | GrantOrContributionPurposeTxt |
| Amt | $1,912,750 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,912,750 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $23,593 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $943,383 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $966,976 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $966,976 | 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 | TAX PREPARATION FEES | CategoryTxt |
| Amt | $6,625 | Amt |
| Net Investment Income | $1,987 | NetInvestmentIncomeAmt |
Dissolution Stmt DissolutionStmt
Dissolution Information DissolutionInformationGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ARKANSAS COMMUNITY FOUNDATION INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 ALLIED DRIVE SUITE 51110 | AddressLine1Txt |
| Address Line2 | BUILDING 5 11TH FLOOR | AddressLine2Txt |
| City | LITTLE ROCK | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | ESTABLISHMENT OF DONOR ADVISED FUND | ShortExplanationTxt |
| Dissolution | $1,912,750 | DissolutionAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)
| BondBondNm |
|---|
| WEITZ SHORT INTERMEDIATE - 8467.742 |
| VANGUARD SHORT TERM TRSY ETF - 1270 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (11 entries)
| StockStockNm |
|---|
| ALPHABET INC - 720 SHS |
| AMAZON COM INC - 646 SHS |
| APPLE INC - 740 SHS |
| BERKSHIRE HATHAWAY - 300 SHS |
| BIOGEN INC - 100 SHS |
| BRISTOL-MYERS SQUIBB - 540 SHS |
| MASTERCARD INC - 192 SHS |
| MIDDLEBY CORP - 170 SHS |
| STARBUCKS CORP - 706 SHS |
| TECHNOLOGY SELECT SECTOR - 600 SHS |
| VANECK MRNGSTAR WIDE MOAT ETF - 4300 |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | MARK A. NICHOLS, AS THE SOLE TRUSTEE OF THE LAURA P. NICHOLS FOUNDATION, HAS DECIDED TO EXERCISE HIS DISCRETION TO TERMINATE THE FOUNDATION AND TO DISTRIBUTE THE REMAINING ASSETS OF THE FOUNDATION TO THE LAURA P. NICHOLS FOUNDATION CHARITABLE FUND, WHICH IS A DONOR ADVISED FUND THAT HAS BEEN ESTABLISHED AT THE ARKANSAS COMMUNITY FOUNDATION, INC., PURSUANT TO THE AGREEMENT ESTABLISHING THE LAURA P. NICHOLS FOUNDATION CHARITABLE FUND DATED JUNE 17, 2024, A COPY OF WHICH IS ATTACHED. ALL PUBLICLY TRADED SECURITIES WERE SOLD, AND THE FOUNDATIONS INVESTMENT HOLDINGS WERE FULLY LIQUIDATED PRIOR TO THE DISTRIBUTION TO THE ARKANSAS COMMUNITY FOUNDATION ON SEPTEMBER 25, 2024. THE FORMAL TERMINATION OF THE FOUNDATION OCCURRED ON DECEMBER 31, 2024, FOLLOWING THE SETTLEMENT OF ALL OUTSTANDING LIABILITIES. | ExplanationTxt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | BAXTER LAW FIRM | CategoryTxt |
| Legal Fees | $9,010 | LegalFeesAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PREPAID FEDERAL INCOME TAXES | Desc |
| BOY Book Value | $2,044 | BOYBookValueAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| EXPENSES | ||
| BANK CHARGES | $12 | $12 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| CAPITAL MGMT - INV ADVISORY FEES | $13,883 | $13,883 |
| C&S BUSINESS SERVICES - ACCT FEE | $428 | $428 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 2023 FORM 990-PF | $202 |
| 2024 FORM 990-PF | $13,214 |