EARL AND KATHRYN CONGDON FAMILY FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- EARL AND KATHRYN CONGDON FAMILY FOUNDATION (EIN 47-2962822)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-15
- IRS object ID
- 202103199349110305
- Schema version
- 2020v4.1
- 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
- Depreciation Schedule
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Land Schedule2
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-15T20:11:23-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOUNDATION SOURCE | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE HOLLOW LN STE 212 | AddressLine1Txt |
| City | LAKE SUCCESS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 472962822 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Earl and Kathryn Congdon Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | EARL | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | David S Congdon | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2021-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | David S | PersonFirstNm |
| Person Last | Congdon | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | 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 | $85,432,940 | 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 | $16,993,475 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $54,949 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $54,949 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $246,296 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $246,296 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $10,650,716 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $17,670,919 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $15,914,248 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $27,945,436 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $16,215,493 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $60,000 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $60,000 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $21,239 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $21,239 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $40,045 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $40,045 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $108,636 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $33,296 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $75,340 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $238,326 | TaxesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $245,806 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $1,200 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $1,200 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $282,383 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $282,383 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $997,635 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $33,296 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $480,207 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,271,169 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,271,169 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,268,804 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $33,296 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,751,376 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $23,676,632 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $16,182,197 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $12,055,632 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $4,600,733 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $4,600,733 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $20,521,636 | CorporateStockBOYAmt |
| Corporate Stock EOY | $31,079,232 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $47,393,871 | CorporateStockEOYFMVAmt |
| Invst Land Cost Or Other Basis | $192,469 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $0 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments EOY | $192,469 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $192,469 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments EOY | $50,000 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $50,000 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $29,725,245 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $469,466 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $12,130,266 | LandBOYAmt |
| Land EOY | $29,255,779 | LandEOYAmt |
| Land EOYFMV | $29,695,867 | LandEOYFMVAmt |
| Other Assets EOY | $3,500,000 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $3,500,000 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $44,707,534 | TotalAssetsBOYAmt |
| Total Assets EOY | $68,678,213 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $85,432,940 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $44,707,534 | RetainedEarningBOYAmt |
| Retained Earning EOY | $68,678,213 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $44,707,534 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $68,678,213 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $44,707,534 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $68,678,213 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $44,707,534 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $23,676,632 | ExcessRevenueOverExpensesAmt |
| Other Increases | $294,047 | OtherIncreasesAmt |
| Subtotal | $68,678,213 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $68,678,213 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $17,670,919 | GrossSalesPriceAmt |
| Cost Or Other Basis | $1,756,671 | CostOrOtherBasisAmt |
| Gain Or Loss | $15,914,248 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $15,914,248 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $15,914,248 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $224,933 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $224,933 | SubtotalAmt |
| Tax Based On Investment Income | $224,933 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $335,036 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $335,036 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $110,103 | OverpaymentAmt |
| Applied To ES Tax | $110,103 | 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 | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | 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 | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| 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 (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 |
|---|---|---|---|---|---|---|---|---|
| Audrey L Congdon | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Sec | 1.0 | $0 | $0 | $0 |
| David S Congdon | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Pres, Dir, Treas | 1.0 | $0 | $0 | $0 |
| Earl Congdon | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Chair, Dir | 1.0 | $0 | $0 | $0 |
| Kathryn Congdon | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, VP | 1.0 | $0 | $0 | $0 |
| Karen C Pigman | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, VP | 1.0 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MEGAN YOWELL OGLESBY | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | FOUNDATION SOURCE | AddressLine1Txt |
| City | WILMINGTON | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Foundation Person | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 25.0 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $60,000 | CompensationAmt |
| Employee Benefits | $16,547 | EmployeeBenefitsAmt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Foundation Source | |||||
| 55 Walls Drive 3rd fl | FAIRFIELD | CT | 06824 | administrative | $113,037 |
| crossroads consulting services llc | |||||
| 7901 4th street north ste 206 | ST PETERSBURG | FL | 33702 | philanthropic | $55,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | TO FUND OPERATIONAL AND CAPITAL EXPENSES RELATED TO CONGDON YARDS - A COMMUNITY GATHERING SPACE IN HIGH POINT, NORTH CAROLINA. | Description1Txt |
| Expenses1 | $3,500,000 | Expenses1Amt |
| Total | $3,500,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $42,839,190 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $9,284,182 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $155,269 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $52,278,641 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $52,278,641 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $784,180 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $51,494,461 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,574,723 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,574,723 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $224,933 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $224,933 | TotalTaxAmt |
| Distributable Before Adj | $2,349,790 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $2,349,790 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,349,790 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,751,376 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $3,500,000 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $17,563,788 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $24,815,164 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $24,815,164 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,349,790 | DistributableAsAdjustedAmt |
| Prior Year1 | 2018 | PriorYear1Yr |
| Prior Year2 | 2017 | PriorYear2Yr |
| Prior Year3 | 2016 | PriorYear3Yr |
| Excess Distribution Cyov Yr3 | $3,341,858 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $4,803,826 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $9,130,528 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $17,276,212 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $24,815,164 | QualifyingDistributionsAmt |
| Applied To Current Year | $2,349,790 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $22,465,374 | RemainingDistriFromCorpusAmt |
| Total Corpus | $39,741,586 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $39,741,586 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $3,341,858 | ExcessFromYear3Amt |
| Excess From Year2 | $4,803,826 | ExcessFromYear2Amt |
| Excess From Year1 | $9,130,528 | ExcessFromYear1Amt |
| Excess From Current Year | $22,465,374 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | David S Congdon | ContributingManagerNm |
| Contributing Manager | Earl Congdon | ContributingManagerNm |
| Contributing Manager | Kathryn Congdon | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (20 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BOYS & GIRLS CLUB OF GREATER HIGH POINT INC | |||||||
| PO BOX 2834 | HIGH POINT | NC | 27261 | N/A | PC | General & Unrestricted | $7,500 |
| FAMILY SERVICE OF THE PIEDMONT INC | |||||||
| 902 BONNER DR | JAMESTOWN | NC | 27282 | N/A | PC | General & Unrestricted | $33,500 |
| GIRL SCOUTS CAROLINAS PEAKS TO PIEDMONT INC | |||||||
| 8818 W MARKET ST | COLFAX | NC | 27235 | N/A | PC | Keyauwee Program Center: looking to the future capital improvements fund | $250,000 |
| GREATER HIGH POINT FOOD ALLIANCE | |||||||
| 815 PHILLIPS AVE | HIGH POINT | NC | 27262 | N/A | PC | General & Unrestricted | $43,713 |
| GUILFORD EDUCATION ALLIANCE INC | |||||||
| 311 POMONA DR STE E | GREENSBORO | NC | 27407 | N/A | PC | High Point Schools | $30,000 |
| HIGH POINT COMMUNITY FOUNDATION | |||||||
| PO BOX 5166 | HIGH POINT | NC | 27262 | N/A | PC | Say Yes to Education Guilford Initiative | $400,000 |
| HIGH POINT REGIONAL HEALTH FOUNDATION | |||||||
| 601 N ELM ST | HIGH POINT | NC | 27262 | N/A | SO I | COVID-19 Response Fund | $100,000 |
| HIGH POINT UNIVERSITY | |||||||
| 1 UNIVERSITY PKWY | HIGH POINT | NC | 27268 | N/A | PC | General & Unrestricted | $36,524 |
| MACEDONIA FAMILY RESOURCE CENTER INC | |||||||
| 1225 CHESTNUT DR | HIGH POINT | NC | 27262 | N/A | PC | General & Unrestricted | $21,000 |
| OPEN DOOR MINISTRIES OF HIGH POINT FOUNDATION INC | |||||||
| 908 FOREST HILL DR | HIGH POINT | NC | 27262 | N/A | SO III FI | the Foundation's pledge | $100,000 |
| SCHOLARSHIP AMERICA | |||||||
| PO BOX 215 | GLYNDON | MN | 56547 | N/A | PC | 2020 Earl and Kathryn Congdon Family Foundation Scholarship fund | $470,000 |
| THE COMMUNITY CLINIC OF HIGH POINT INC | |||||||
| 779 N MAIN ST | HIGH POINT | NC | 27262 | N/A | PC | General & Unrestricted | $50,000 |
| UNITED WAY OF GREATER HIGH POINT INC | |||||||
| 815 PHILLIPS AVE | HIGH POINT | NC | 27262 | N/A | PC | General & Unrestricted | $20,000 |
| WESTCHESTER COUNTRY DAY SCHOOL INC | |||||||
| 2045 N OLD GREENSBORO RD | HIGH POINT | NC | 27265 | N/A | PC | General & Unrestricted | $241,167 |
| WESTCHESTER COUNTRY DAY SCHOOL INC | |||||||
| 2045 N OLD GREENSBORO RD | HIGH POINT | NC | 27265 | N/A | PC | Capital Campaign | $176,662 |
| YOUNG MENS CHRISTIAN ASSOCIATION OF HIGH POINT | |||||||
| PO BOX 6258 | HIGH POINT | NC | 27262 | N/A | PC | Carl Chavis YMCA Capital Campaign - for improvements | $200,000 |
| YOUNG MENS CHRISTIAN ASSOCIATION OF HIGH POINT | |||||||
| PO BOX 6258 | HIGH POINT | NC | 27262 | N/A | PC | General & Unrestricted | $500,000 |
| YOUNG WOMENS CHRISTIAN ASSOCIATION OF HIGH POINT N | |||||||
| 155 WESTWOOD AVE | HIGH POINT | NC | 27262 | N/A | PC | Phase 3 Capital Campaign | $100,000 |
| WESTCHESTER COUNTRY DAY SCHOOL INC | |||||||
| 2045 N OLD GREENSBORO RD | hIGH pOINT | NC | 27262 | n/a | PC | GENERAL & UNRESTRICTED (SEE ATTACHED GENERAL EXPLANATION) | $289,311 |
| YOUNG MENS CHRISTIAN ASSOCIATION OF HIGH POINT | |||||||
| PO BOX 6258 | high point | NC | 27262 | n/a | PC | general & unrestricted (see attached general explanation) | $201,792 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,271,169 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $54,949 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $246,296 | 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 Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $10,650,716 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $10,951,961 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $10,951,961 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (5 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|---|
| Congdon David S | |||||||
| 1 | 500 Old Dominion Way | Thomasville | NC | 27360 | $7,999,971 | Yes (X) | |
| Congdon Earl | |||||||
| 2 | 20 Harborage Isle Drive | Ft Lauderdale | FL | 33316 | $3,996,943 | Yes (X) | |
| Congdon Kathryn | |||||||
| 3 | 20 Harborage Isle Drive | Ft Lauderdale | FL | 33316 | $3,996,943 | Yes (X) | |
| Earl Congdon 2019 Char Ld Annuity t | |||||||
| 4 | 3290 Northside parkway 7th fl | Atlanta | GA | 30327 | $499,810 | Yes (X) | |
| Kathryn Congdon 2019 Char Ld Annuit | |||||||
| 5 | 3290 northside parkway 7th fl | Atlanta | GA | 30327 | $499,810 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp (4 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | OLD DOMINION FREIGHT LINES ODFL, 18630 sh. | $4,003,028 | 2020-02-24 |
| 1 | OLD DOMINION FREIGHT LINES ODFL, 26300 sh. | $3,996,943 | 2020-05-07 |
| 2 | OLD DOMINION FREIGHT LINES ODFL, 26300 sh. | $3,996,943 | 2020-05-07 |
| 3 | OLD DOMINION FREIGHT LINES ODFL, 26300 sh. | $3,996,943 | 2020-05-07 |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (11 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Prior Year DepreciationPriorYearDepreciationAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|---|
| BLDG - 225 N ELM | 2020-07-22 | $1,669,117 | SL | 39 | $17,832 | $0 | ||
| BLDG-400 W ENGLISH | 2019-07-30 | $5,127,357 | SL | 39 | $131,471 | $0 | $54,779 | |
| BLDG-410 W ENGLISH | 2018-03-31 | $3,763,634 | SL | 39 | $96,503 | $0 | $168,881 | |
| BLDG IMP-225ELM'20 | $21,370 | SL | 39 | $0 | $0 | |||
| BLDG IMP-400ENG'20 | $329,834 | SL | 39 | $0 | $0 | |||
| BLDG IMP-410ENG'20 | $13,161,595 | SL | 39 | $0 | $0 | |||
| BLDG IMP-410 W ENG | 2019-12-24 | $233,068 | SL | 39 | $0 | $0 | $0 | |
| LAND - 225 N ELM | 2020-07-22 | $2,189,403 | L | $0 | ||||
| LAND-400 W ENGLISH | 2019-07-30 | $2,483,000 | L | $0 | ||||
| LAND-410 W ENGLISH | 2018-03-31 | $746,867 | L | $0 | ||||
| BLDG IMP-410 W MLK | $192,469 | SL | 39 | $0 | $0 | $0 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | IN-KIND GRANTS | IdentifierTxt |
| Form And Line Reference | PART I LINE 25 AND PART XV LINE 3A | FormAndLineReferenceDesc |
| Medium Explanation | DISTRIBUTIONS OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING FMV OF SECURITIES: AVERAGE OF HIGH/LOW ON DATE GRANTED TO CHARITY METHOD OF DETERMINING BOOK VALUE OF SECURITIES: COST OF AVERAGE OF HIGH/LOW ON DATE CONTRIBUTED TO FOUNDATION TOTAL FAIR MARKET VALUE OF PROPERTY: $491,103 TOTAL BOOK VALUE OF PROPERTY: $197,056 TOTAL AMOUNT OF GRANTS: $491,103 FORM 990-PF, PART III, LINE 3 - OTHER INCREASES/DECREASES: $294,047 DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: OLD DOMINION FREIGHT LINE UNITS: 1025 DATE OF DISTRIBUTION: 12/16/2020 GRANT RECIPIENT: YOUNG MENS CHRISTIAN ASSOCIATION OF HIGH POINT FMV OF PROPERTY: $201,792 BOOK VALUE OF PROPERTY: $80,955 TOTAL AMOUNT OF GRANT: $201,792 DESCRIPTION OF PROPERTY: OLD DOMINION FREIGHT LINE UNITS: 1470 DATE OF DISTRIBUTION: 12/16/2020 GRANT RECIPIENT: WESTCHESTER COUNTRY DAY SCHOOL INC FMV OF PROPERTY: $289,311 BOOK VALUE OF PROPERTY: $116,101 TOTAL AMOUNT OF GRANT: $289,311 | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (11 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| AT INCOME OPPORTUNITIES FUND I | $883,213 | $1,062,319 |
| ATLANTIC TRUST DISC EQTY | $512,170 | $651,913 |
| CIBC ATLAS ALL CAP GROWTH FUND | $600,023 | $696,689 |
| CIBC ATLAS INTERNATIONAL GROWT | $500,000 | $704,720 |
| COHEN & STEERS PREFRRD SECS & | $500,000 | $547,909 |
| EDGEWOOD GROWTH FUND INSTI | $544,405 | $782,541 |
| HARDING LOEVNER INSTITUTIONAL | $254,879 | $325,391 |
| OLD DOMINION FREIGHT LINES | $25,918,178 | $41,236,849 |
| VANGUARD SHORT-TERM CORPORATE | $766,364 | $786,168 |
| VERSUS CAPITAL MULTI MNGR REAL | $300,000 | $296,301 |
| VERSUS CAPITAL REAL ASSETS FUN | $300,000 | $303,071 |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | BLDG IMP-410 W MLK | CategoryOrItemTxt |
| Cost Or Other Basis | $192,469 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $0 | AccumulatedDepreciationAmt |
| Book Value | $192,469 | BookValueAmt |
| EOYFMV | $192,469 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | DEPOSIT - 410 W MLK DR PURCHAS | CategoryOrItemTxt |
| Book Value | $50,000 | BookValueAmt |
| EOYFMV | $50,000 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (10 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| BLDG - 225 N ELM | $1,669,117 | $17,832 | $1,651,285 | $1,665,431 |
| BLDG-400 W ENGLISH | $5,127,357 | $186,250 | $4,941,107 | $5,117,000 |
| BLDG-410 W ENGLISH | $3,763,634 | $265,384 | $3,498,250 | $3,500,000 |
| BLDG IMP-225ELM'20 | $21,370 | $0 | $21,370 | $21,370 |
| BLDG IMP-400ENG'20 | $329,834 | $0 | $329,834 | $329,834 |
| BLDG IMP-410ENG'20 | $13,161,595 | $0 | $13,161,595 | $13,161,595 |
| BLDG IMP-410 W ENG | $233,068 | $0 | $233,068 | $233,068 |
| LAND - 225 N ELM | $2,189,403 | $2,189,403 | $2,184,569 | |
| LAND-400 W ENGLISH | $2,483,000 | $2,483,000 | $2,483,000 | |
| LAND-410 W ENGLISH | $746,867 | $746,867 | $1,000,000 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Legal Fees | $40,045 | LegalFeesAmt |
| Disbursements Charitable Prps | $40,045 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRI - HP CHAMBER | Desc |
| EOY Book Value | $3,500,000 | EOYBookValueAmt |
| EOYFMV | $3,500,000 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Administrative Fees | $113,037 | $113,037 |
| MONITORING WELL FEES | $840 | $840 |
| Foundation Dues & Memberships | $540 | $540 |
| Insurance Premiums | $763 | $763 |
| REDEVELOPMENT OPTION FEES | $30,000 | $30,000 |
| Payroll Processing Fees | $694 | $694 |
| Postage/Delivery Service | $697 | $697 |
| Property insurance | $6,317 | $6,317 |
| Property Maintenance | $129,255 | $129,255 |
| State or Local Filing Fees | $240 | $240 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GRANTS OF PUBLICLY TRADED SECURITIES | Desc |
| Amt | $294,047 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (6 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| SCHOLARSHIP MGMT SERVICES | $16,770 | $16,770 | |
| Investment Management Services | $33,296 | $33,296 | |
| ENGINEERING CONSULTING SRVCS | $2,500 | $2,500 | |
| INSPECTION SERVICES | $320 | $320 | |
| PHILANTHROPIC CONSULTING SRVCS | $55,000 | $55,000 | |
| SETTLEMENT FEES | $750 | $750 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2020 | $167,900 |
| 990-PF Extension for 2019 | $70,426 |